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U.S. Industrials Sector Analysis

UpdatedSep 17, 2025
DataAggregated Company Financials
Companies1023
  • 7D1.6%
  • 3M8.3%
  • 1Y15.7%
  • YTD14.6%

In the last week, the Industrials industry is up 1.6%, with General Electric up 6.1%. In the same time, Boeing was down 6.3%. In the last 12 months, the industry was up 16%. Earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

Has the U.S. Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Sep 2025US$6.3tUS$2.7tUS$208.5b24.8x30x2.3x
Sat, 16 Aug 2025US$6.2tUS$2.7tUS$209.5b24.5x29.5x2.3x
Mon, 14 Jul 2025US$6.1tUS$2.7tUS$206.3b24.4x29.6x2.3x
Wed, 11 Jun 2025US$5.9tUS$2.7tUS$205.2b22.9x28.6x2.2x
Fri, 09 May 2025US$5.4tUS$2.7tUS$206.1b21.7x26.3x2x
Sun, 06 Apr 2025US$4.8tUS$2.7tUS$203.3b19.1x23.7x1.8x
Tue, 04 Mar 2025US$5.6tUS$2.7tUS$204.1b21.1x27.3x2.1x
Thu, 30 Jan 2025US$5.8tUS$2.7tUS$195.8b24.3x29.5x2.2x
Sat, 28 Dec 2024US$5.6tUS$2.7tUS$197.9b23.7x28.5x2.1x
Mon, 25 Nov 2024US$6.0tUS$2.7tUS$197.3b24.5x30.6x2.2x
Wed, 23 Oct 2024US$5.8tUS$2.7tUS$188.7b23.7x30.7x2.1x
Fri, 20 Sep 2024US$5.5tUS$2.7tUS$179.8b22.6x30.5x2x
Sun, 18 Aug 2024US$5.3tUS$2.7tUS$178.7b22x29.6x2x
Tue, 16 Jul 2024US$5.3tUS$2.7tUS$169.7b22.5x31x2x
Thu, 13 Jun 2024US$5.1tUS$2.7tUS$170.1b21.4x30.2x1.9x
Sat, 11 May 2024US$5.3tUS$2.7tUS$172.2b23.4x30.9x2x
Mon, 08 Apr 2024US$5.3tUS$2.7tUS$173.1b23.4x30.8x2x
Wed, 06 Mar 2024US$5.2tUS$2.7tUS$172.3b23.2x30x1.9x
Fri, 02 Feb 2024US$5.0tUS$2.7tUS$178.9b21.5x27.8x1.8x
Sun, 31 Dec 2023US$4.9tUS$2.7tUS$183.1b21.5x27x1.8x
Tue, 28 Nov 2023US$4.6tUS$2.7tUS$182.2b19.3x25.1x1.7x
Thu, 26 Oct 2023US$4.2tUS$2.7tUS$184.9b16.8x22.9x1.6x
Sat, 23 Sep 2023US$4.4tUS$2.7tUS$189.6b17.9x23.1x1.6x
Mon, 21 Aug 2023US$4.5tUS$2.7tUS$178.8b18.5x25.4x1.7x
Wed, 19 Jul 2023US$4.7tUS$2.7tUS$186.5b18.6x25.3x1.8x
Fri, 16 Jun 2023US$4.5tUS$2.7tUS$182.7b18.3x24.4x1.7x
Sun, 14 May 2023US$4.2tUS$2.7tUS$184.3b17.3x22.8x1.6x
Tue, 11 Apr 2023US$4.2tUS$2.6tUS$166.5b18.4x25.2x1.6x
Thu, 09 Mar 2023US$4.1tUS$2.6tUS$162.4b19x25.5x1.6x
Sat, 04 Feb 2023US$4.2tUS$2.5tUS$161.4b19.3x26.1x1.7x
Mon, 02 Jan 2023US$4.0tUS$2.5tUS$153.2b17.5x25.8x1.6x
Wed, 30 Nov 2022US$4.1tUS$2.5tUS$153.7b17.6x26.3x1.6x
Fri, 28 Oct 2022US$3.8tUS$2.5tUS$155.3b16.7x24.4x1.5x
Sun, 25 Sep 2022US$3.5tUS$2.4tUS$146.4b15.2x24x1.5x
Price to Earnings Ratio

24x


Total Market Cap: US$3.5tTotal Earnings: US$146.4bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 27.2x202320242025
Current Industry PE
  • Investors are relatively neutral on the American Industrials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 27.2x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 4.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Industrials sector?

US Market1.62%
Industrials1.58%
Aerospace & Defense4.31%
Electrical3.52%
Construction3.23%
Transportation1.84%
Machinery1.65%
Logistics1.58%
Infrastructure0.90%
Marine and Shipping0.17%
Industrials-0.038%
Trade Distributors-0.074%
Professional Services-0.99%
Building-1.02%
Airlines-1.33%
Commercial Services-1.51%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 54.4x.
    • Analysts are expecting annual earnings growth of 21.2%, which is higher than its past year's earnings growth of 7.7% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 15.2x.
Forecasted Growth
  • Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings decline of 71% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings grow by 2.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GE General ElectricUS$292.976.1%
+US$17.7b		62.5%PE41x
CAT CaterpillarUS$440.675.4%
+US$10.6b		24.6%PE21.9x
RTX RTXUS$158.584.5%
+US$9.1b		33.6%PE34.5x
ETN EatonUS$371.196.6%
+US$8.9b		19.1%PE36.8x
UBER Uber TechnologiesUS$97.832.5%
+US$5.0b		34.4%PE16.2x

Latest News

CARR
US$60.93
Carrier Global
7D
-4.0%
1Y
-21.8%
VRSK
US$251.83
Verisk Analytics
7D
-6.3%
1Y
-5.7%
DAL
US$57.86
Delta Air Lines
7D
-4.6%
1Y
24.0%

Long-Term MRO Partnership And Cost Management Will Secure Future Success

Delta Air Lines’ analyst price target was raised as Q2 earnings, forward guidance, and reinstated 2025 EPS targets outperformed expectations, supported by robust demand, premium segment growth, and competitive positioning, resulting in the target increasing from $67.81 to $69.66. Analyst Commentary Bullish analysts noted Delta’s Q2 earnings beat, with EPS and forward guidance ahead of consensus, and reinstated 2025 EPS guidance indicating upside potential.
GRAB
US$6.32
Grab Holdings
7D
19.5%
1Y
77.0%

GRAB: The Super-App at the Heart of Southeast Asia’s Digital Boom

GRAB has decisively broken out from its year long consolidation range, confirming the bullish momentum I anticipated. After quickly reaching the $6 level, I have increased my Fair Value estimate to $6.60.
UBER
US$97.83
Uber Technologies
7D
2.5%
1Y
34.4%
RTX
US$158.58
RTX
7D
4.5%
1Y
33.6%

Global Defense Spending And International Contracts Will Shape Aerospace Potential

The slight increase in RTX’s price target reflects improved Q2 results, a more favorable tariff outlook, and strong long-term defense tailwinds, with the consensus analyst fair value rising modestly from $163.84 to $164.58. Analyst Commentary Bullish analysts raised price targets after RTX posted better-than-expected Q2 2025 earnings results, driven by broad-based strength across all major operating segments.
BE
US$73.29
Bloom Energy
7D
33.3%
1Y
626.4%
BA
US$215.02
Boeing
7D
-6.3%
1Y
37.5%

Robust Air Travel Demand Will Drive Global Expansion

Boeing's modestly higher consensus price target reflects a slight increase in its future P/E ratio, with fair value adjusted upward to $252.57. What's in the News Boeing and the Royal Australian Air Force completed early demonstrations of the MQ-28 Ghost Bat Collaborative Combat Aircraft, validating autonomous multi-ship, teaming, and data fusion capabilities, with results to be incorporated into Block 2 production.
VRT
US$136.65
Vertiv Holdings Co
7D
8.8%
1Y
56.5%
ETN
US$371.19
Eaton
7D
6.6%
1Y
19.1%
TT
US$399.99
Trane Technologies
7D
-2.3%
1Y
6.8%

Investors Shouldn't Overlook Trane Technologies' (NYSE:TT) Impressive Returns On Capital

Sep 07
Investors Shouldn't Overlook Trane Technologies' (NYSE:TT) Impressive Returns On Capital
HON
US$210.95
Honeywell International
7D
-1.5%
1Y
3.3%

A Look At The Fair Value Of Honeywell International Inc. (NASDAQ:HON)

Sep 06
A Look At The Fair Value Of Honeywell International Inc. (NASDAQ:HON)
CAT
US$440.67
Caterpillar
7D
5.4%
1Y
24.6%
DE
US$468.70
Deere
7D
-1.5%
1Y
17.8%

Precision Agriculture And Automation Will Boost Global Reach

Analysts cite increased steel and aluminum tariffs as a margin headwind and lingering weak global ag demand, but also highlight Deere’s strong Q3 Small Ag performance, lower dealer inventories, and an expected cyclical earnings upturn in FY26, resulting in no change to the consensus price target at $534.61. Analyst Commentary Bearish analysts lowered price targets to reflect updated Section 232 tariffs, which significantly increase the cost of steel and aluminum content in imported products, posing a headwind to margins and earnings.
GE
US$292.97
General Electric
7D
6.1%
1Y
62.5%

Next Generation Engines And AI Will Transform Aerospace

Analysts remain bullish on General Electric due to raised EBIT guidance, strong momentum in GE Aerospace’s commercial engines and aftermarket business, and attractive valuation, resulting in an unchanged consensus price target of $297.93. Analyst Commentary Bullish analysts highlight raised EBIT guidance for 2025 and 2028, indicating improved profit expectations and sustained upward momentum following Q2 results.
WM
US$213.88
Waste Management
7D
-2.4%
1Y
5.3%