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U.S. Industrials Sector Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies1038
  • 7D-1.5%
  • 3M2.5%
  • 1Y24.8%
  • YTD2.0%

The Industrials industry is down 1.5% over the last week with Uber Technologies the worst performer, down 6.4%. Over the past 12 months, the industry was up 25%. Looking forward, 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
Fri, 27 Mar 2026US$7.1tUS$2.9tUS$214.6b23.9x32.9x2.5x
Sun, 22 Feb 2026US$7.5tUS$2.8tUS$207.1b27.5x36.3x2.6x
Tue, 20 Jan 2026US$7.0tUS$2.7tUS$209.0b26.1x33.3x2.5x
Thu, 18 Dec 2025US$6.4tUS$2.7tUS$209.7b24.5x30.6x2.3x
Sat, 15 Nov 2025US$6.3tUS$2.7tUS$210.7b24x29.7x2.3x
Mon, 13 Oct 2025US$6.2tUS$2.7tUS$210.1b24.1x29.7x2.3x
Wed, 10 Sep 2025US$6.2tUS$2.7tUS$208.3b24.7x29.6x2.3x
Fri, 08 Aug 2025US$6.2tUS$2.7tUS$209.0b24x29.5x2.3x
Sun, 06 Jul 2025US$6.1tUS$2.7tUS$205.2b24.3x29.7x2.3x
Tue, 03 Jun 2025US$5.8tUS$2.7tUS$205.3b22x28x2.1x
Thu, 01 May 2025US$5.3tUS$2.7tUS$204.1b20.5x25.8x2x
Sat, 29 Mar 2025US$5.4tUS$2.7tUS$203.7b20.8x26.5x2x
Mon, 24 Feb 2025US$5.6tUS$2.7tUS$209.4b22.3x26.6x2.1x
Wed, 22 Jan 2025US$5.8tUS$2.7tUS$195.1b25x29.7x2.1x
Fri, 20 Dec 2024US$5.5tUS$2.7tUS$198.0b23.1x28x2x
Sun, 17 Nov 2024US$5.9tUS$2.7tUS$194.8b23.7x30.1x2.1x
Tue, 15 Oct 2024US$5.8tUS$2.7tUS$180.3b23.9x32.1x2.1x
Thu, 12 Sep 2024US$5.3tUS$2.7tUS$179.9b21.6x29.5x2x
Sat, 10 Aug 2024US$5.2tUS$2.7tUS$179.5b21.3x28.8x1.9x
Mon, 08 Jul 2024US$5.1tUS$2.7tUS$170.2b21.2x29.9x1.9x
Wed, 05 Jun 2024US$5.2tUS$2.7tUS$169.9b22.2x30.4x1.9x
Fri, 03 May 2024US$5.1tUS$2.7tUS$172.0b22x29.8x1.9x
Sun, 31 Mar 2024US$5.4tUS$2.6tUS$172.8b23.9x31x2x
Tue, 27 Feb 2024US$5.1tUS$2.7tUS$174.9b23.3x29.1x1.9x
Thu, 25 Jan 2024US$4.9tUS$2.7tUS$183.1b21x26.8x1.8x
Sat, 23 Dec 2023US$4.9tUS$2.7tUS$182.9b21.6x26.8x1.8x
Mon, 20 Nov 2023US$4.5tUS$2.7tUS$182.2b19.5x24.9x1.7x
Wed, 18 Oct 2023US$4.5tUS$2.7tUS$193.6b18x23.2x1.6x
Fri, 15 Sep 2023US$4.5tUS$2.7tUS$189.6b18.3x23.7x1.7x
Sun, 13 Aug 2023US$4.7tUS$2.7tUS$188.8b19x24.7x1.7x
Tue, 11 Jul 2023US$4.6tUS$2.7tUS$185.5b18x24.8x1.7x
Thu, 08 Jun 2023US$4.3tUS$2.7tUS$182.7b18.3x23.7x1.6x
Sat, 06 May 2023US$4.2tUS$2.7tUS$185.3b17.5x22.9x1.6x
Mon, 03 Apr 2023US$4.3tUS$2.6tUS$165.4b18.8x26x1.6x
Price to Earnings Ratio

26x


Total Market Cap: US$4.3tTotal Earnings: US$165.4bTotal Revenue: US$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28.3x202420252026
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 32.9x which is higher than its 3-year average PE of 28.3x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 9.1% per year over the last three years.
  • Revenues for these companies have grown 2.7% 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 Market-1.62%
Industrials-1.51%
Machinery0.95%
Trade Distributors0.80%
Marine and Shipping0.51%
Transportation-0.22%
Airlines-0.23%
Infrastructure-0.29%
Industrials-0.41%
Logistics-1.28%
Professional Services-1.54%
Building-2.10%
Commercial Services-2.96%
Electrical-3.04%
Aerospace & Defense-3.08%
Construction-3.22%
Industry PE
  • Investors are most optimistic about the Electrical industry, which is trading close to its 3-year average PE ratio of 63.3x.
    • Analysts expect its future annual earnings growth (19.7%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 16.2x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline by 2.8% 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
CAT CaterpillarUS$703.192.1%
+US$6.8b		107.2%PE36.8x
DE DeereUS$581.192.4%
+US$3.7b		21.2%PE32.6x
UNP Union PacificUS$239.192.1%
+US$3.0b		1.4%PE19.9x
PL Planet Labs PBCUS$32.4020.2%
+US$2.0b		771.0%PS36.4x
CSX CSXUS$39.552.8%
+US$2.0b		32.2%PE25.5x

Latest News

CTAS
US$168.85
Cintas
7D
-7.1%
1Y
-18.1%
UNP
US$239.19
Union Pacific
7D
2.1%
1Y
1.4%
URI
US$742.22
United Rentals
7D
3.1%
1Y
14.9%
VRT
US$252.40
Vertiv Holdings Co
7D
-6.2%
1Y
230.7%
GD
US$355.28
General Dynamics
7D
1.6%
1Y
31.8%

GD: Future Defense Budgets And Buyback Limits Will Shape Returns

Analysts have increased their price targets on General Dynamics by amounts ranging from $5 to $68, citing updated sector assumptions, refined P/E and discount rate inputs, and revised perspectives on potential impacts from evolving U.S. defense budget and capital return policies. Analyst Commentary Recent research on General Dynamics centers on two big swing factors for valuation, updated sector assumptions for aerospace and defense, and how potential changes to U.S. defense spending and capital return rules might reshape cash flow and P/E support.
PL
US$32.40
Planet Labs PBC
7D
20.2%
1Y
771.0%
BA
US$194.36
Boeing
7D
-3.4%
1Y
8.5%
CSX
US$39.55
CSX
7D
2.8%
1Y
32.2%
UBER
US$70.55
Uber Technologies
7D
-6.4%
1Y
-5.8%
DE
US$581.19
Deere
7D
2.4%
1Y
21.2%
PWR
US$545.64
Quanta Services
7D
-5.6%
1Y
114.1%
BE
US$133.52
Bloom Energy
7D
-19.9%
1Y
507.2%

BE: Future Premium P/E Will Remain Misaligned With Realistic Profit Margins

Analysts have raised their price target for Bloom Energy to $65.23 from $40.20, citing updated assumptions for profit margins, revenue growth, discount rate, and future P/E that collectively support a higher valuation framework. What's in the News Bloom Energy issued earnings guidance for full year 2026, with projected revenue in the range of US$3.1b to US$3.3b (company guidance).
CAT
US$703.19
Caterpillar
7D
2.1%
1Y
107.2%

CAT: Data Center Power Dependence Will Likely Restrain Future Return Potential

Caterpillar's updated analyst price target reflects a modest fair value lift of about $1 per share. Analysts point to stronger construction demand signals from ConExpo, lengthening engine lead times tied to data center projects, and growing confidence in the company as a physical AI and infrastructure supplier.
GE
US$285.24
General Electric
7D
-2.2%
1Y
38.5%

GE: Fairly Valued On Engine Strength Automation Push And Execution Risk

Analysts have trimmed the updated fair value estimate for General Electric to about $297 from roughly $301, while still lifting Street price targets into the $378 to $425 range. They highlight GE Aerospace's competitive moat, engine business review work, and refreshed guidance as support for the revised outlook.
WAB
US$245.54
Westinghouse Air Brake Technologies
7D
3.5%
1Y
31.4%

WAB: Larger Buybacks And Steady Dividends Will Support Future Returns

Analysts have raised their price target for Westinghouse Air Brake Technologies to $289.75 from $286.83, reflecting updated views on fair value along with revised assumptions for revenue growth, profit margins, the discount rate, and future P/E. What's in the News Progress Rail and Wabtec reached a settlement in the Progress Rail v.
RTX
US$192.85
RTX
7D
-3.9%
1Y
44.5%

RTX: Fair Value View Balances Aerospace Demand With Defense Policy Uncertainty

Our RTX fair value estimate edges up by about $0.24 to $217.16 as analysts broadly lift price targets, highlighting product upgrades such as the PW1100G Section Plus option and updated sector views as key supports. Analyst Commentary Recent Street research on RTX is clustered around higher price targets and refreshed views on the commercial aerospace and defense group, with most commentary framing current levels in the context of product execution and sector positioning rather than short term trading calls.