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U.S. Industrials Sector Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies1056
  • 7D1.6%
  • 3M19.3%
  • 1Y33.1%
  • YTD11.9%

The Industrials industry is up 2.2% in the last week, with General Electric up 7.0%. This means that the industry has gained 29% over the past year. Earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026US$7.5tUS$2.8tUS$207.4b27.4x36.2x2.6x
Mon, 19 Jan 2026US$7.0tUS$2.7tUS$209.0b26.1x33.3x2.5x
Wed, 17 Dec 2025US$6.5tUS$2.7tUS$209.7b24.8x30.9x2.4x
Fri, 14 Nov 2025US$6.4tUS$2.7tUS$211.2b23.9x30.3x2.3x
Sun, 12 Oct 2025US$6.2tUS$2.7tUS$210.1b24.1x29.7x2.3x
Tue, 09 Sep 2025US$6.2tUS$2.7tUS$208.3b25x29.7x2.3x
Thu, 07 Aug 2025US$6.2tUS$2.7tUS$208.1b24.1x29.7x2.3x
Sat, 05 Jul 2025US$6.1tUS$2.7tUS$205.2b24.3x29.7x2.3x
Mon, 02 Jun 2025US$5.8tUS$2.7tUS$205.2b22.4x28.1x2.1x
Wed, 30 Apr 2025US$5.2tUS$2.7tUS$204.1b20.7x25.6x2x
Fri, 28 Mar 2025US$5.4tUS$2.7tUS$203.6b21.1x26.7x2x
Sun, 23 Feb 2025US$5.6tUS$2.7tUS$209.4b22.3x26.6x2.1x
Tue, 21 Jan 2025US$5.8tUS$2.7tUS$196.4b24.6x29.5x2.1x
Thu, 19 Dec 2024US$5.7tUS$2.7tUS$198.0b23.1x28.9x2.1x
Sat, 16 Nov 2024US$5.9tUS$2.7tUS$194.6b23.8x30.3x2.2x
Mon, 14 Oct 2024US$5.8tUS$2.7tUS$180.3b23.9x32.1x2.1x
Wed, 11 Sep 2024US$5.3tUS$2.7tUS$179.8b21.3x29.3x2x
Fri, 09 Aug 2024US$5.1tUS$2.7tUS$179.7b21.2x28.2x1.9x
Sun, 07 Jul 2024US$5.1tUS$2.7tUS$170.2b21.2x29.9x1.9x
Tue, 04 Jun 2024US$5.2tUS$2.7tUS$170.0b22.3x30.8x1.9x
Thu, 02 May 2024US$5.1tUS$2.7tUS$170.6b22.1x30.2x1.9x
Sat, 30 Mar 2024US$5.4tUS$2.6tUS$172.6b23.8x31.1x2x
Mon, 26 Feb 2024US$5.1tUS$2.7tUS$175.0b23.2x29.1x1.9x
Wed, 24 Jan 2024US$4.9tUS$2.7tUS$182.9b21.1x26.9x1.8x
Fri, 22 Dec 2023US$4.8tUS$2.7tUS$182.9b21.4x26.4x1.8x
Sun, 19 Nov 2023US$4.5tUS$2.7tUS$181.9b19.3x24.8x1.7x
Tue, 17 Oct 2023US$4.4tUS$2.7tUS$192.7b17.8x23x1.6x
Thu, 14 Sep 2023US$4.5tUS$2.7tUS$189.6b18.1x23.7x1.7x
Sat, 12 Aug 2023US$4.7tUS$2.7tUS$188.8b19x24.7x1.7x
Mon, 10 Jul 2023US$4.5tUS$2.7tUS$185.6b17.9x24.4x1.7x
Wed, 07 Jun 2023US$4.3tUS$2.7tUS$182.8b17.9x23.7x1.6x
Fri, 05 May 2023US$4.2tUS$2.7tUS$186.0b17.2x22.4x1.6x
Sun, 02 Apr 2023US$4.3tUS$2.6tUS$166.2b18.9x25.9x1.6x
Tue, 28 Feb 2023US$4.1tUS$2.6tUS$161.6b19x25.4x1.6x
Price to Earnings Ratio

25.4x


Total Market Cap: US$4.1tTotal Earnings: US$161.6bTotal Revenue: US$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28.1x202420252026
Current Industry PE
  • Investors are optimistic on the American Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 35.7x which is higher than its 3-year average PE of 28.1x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 8.9% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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 Market0.99%
Industrials1.63%
Marine and Shipping7.17%
Construction4.46%
Infrastructure4.18%
Transportation3.56%
Aerospace & Defense3.24%
Logistics1.83%
Professional Services1.18%
Electrical1.14%
Airlines1.02%
Machinery0.63%
Commercial Services0.088%
Building-0.17%
Industrials-0.23%
Trade Distributors-0.80%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 62.5x.
    • Analysts are expecting annual earnings growth of 19.3%, which is higher than its past year's earnings growth of 13.9% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 15.9x.
Forecasted Growth
  • Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 47% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings growth to stay flat 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$342.598.6%
+US$28.5b		71.4%PE41.8x
DE DeereUS$662.499.9%
+US$16.1b		35.2%PE37.3x
UBER Uber TechnologiesUS$73.865.5%
+US$8.0b		-6.4%PE15.1x
GEV GE VernovaUS$830.343.5%
+US$7.6b		153.2%PE45.8x
RTX RTXUS$204.922.4%
+US$6.5b		66.2%PE40.9x

Latest News

PWR
US$554.94
Quanta Services
7D
5.9%
1Y
106.0%
DE
US$662.49
Deere
7D
9.9%
1Y
35.2%
FIX
US$1,462.23
Comfort Systems USA
7D
9.3%
1Y
301.7%
BA
US$232.03
Boeing
7D
-4.5%
1Y
31.0%
CAT
US$759.74
Caterpillar
7D
-1.9%
1Y
123.4%

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Caterpillar's analyst price target has been raised from $790 to $850. Analysts cited updated assumptions for faster revenue growth, a slightly lower discount rate, and a higher future P/E multiple, partly offset by more moderate profit margin expectations.
ITW
US$294.98
Illinois Tool Works
7D
-1.5%
1Y
11.6%
GEV
US$830.34
GE Vernova
7D
3.5%
1Y
153.2%
ALLE
US$162.14
Allegion
7D
-9.7%
1Y
27.5%
GE
US$342.59
General Electric
7D
8.6%
1Y
71.4%

GE: Fairly Valued On Automation Push And High Execution Demands

Analysts have lifted their implied fair value estimate for General Electric to about $301 from roughly $198, citing updated assumptions for revenue growth, profit margins and future P/E, along with a slightly higher discount rate. Analyst Commentary Recent Street research on General Electric has been active, with several firms adjusting their price targets on GE Aerospace.
MMM
US$167.06
3M
7D
-2.8%
1Y
15.2%
RTX
US$204.92
RTX
7D
2.4%
1Y
66.2%
ETN
US$373.38
Eaton
7D
-4.1%
1Y
25.6%
VRT
US$243.75
Vertiv Holdings Co
7D
3.9%
1Y
153.9%

New Forecasts: Here's What Analysts Think The Future Holds For Vertiv Holdings Co (NYSE:VRT)

Feb 13
New Forecasts: Here's What Analysts Think The Future Holds For Vertiv Holdings Co (NYSE:VRT)
UPS
US$116.73
United Parcel Service
7D
-2.1%
1Y
0.3%
WM
US$230.31
Waste Management
7D
-1.8%
1Y
1.0%
UBER
US$73.86
Uber Technologies
7D
5.5%
1Y
-6.4%

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