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U.S. Industrials Sector Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies1048
  • 7D-3.8%
  • 3M5.0%
  • 1Y26.2%
  • YTD3.4%

Over the last 7 days, the Industrials industry has dropped 3.8%, driven by a pullback from General Electric of 6.9%. In contrast, Nextpower has gained 11%. This takes the industry's 12 month performance to a gain of 26%. Looking forward, 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
Mon, 16 Mar 2026US$7.0tUS$2.9tUS$212.2b23.9x32.9x2.4x
Wed, 11 Feb 2026US$7.4tUS$2.9tUS$208.5b26.9x35.6x2.6x
Fri, 09 Jan 2026US$6.6tUS$2.7tUS$210.3b25.1x31.4x2.4x
Sun, 07 Dec 2025US$6.4tUS$2.7tUS$209.6b24.6x30.6x2.3x
Tue, 04 Nov 2025US$6.5tUS$2.7tUS$211.0b24.9x30.6x2.4x
Thu, 02 Oct 2025US$6.4tUS$2.7tUS$208.6b25x30.5x2.4x
Sat, 30 Aug 2025US$6.3tUS$2.7tUS$209.0b25x30x2.3x
Mon, 28 Jul 2025US$6.3tUS$2.7tUS$205.8b24.4x30.7x2.3x
Wed, 25 Jun 2025US$5.9tUS$2.7tUS$205.2b22.9x28.8x2.2x
Fri, 23 May 2025US$5.7tUS$2.7tUS$206.3b22.5x27.6x2.1x
Sun, 20 Apr 2025US$5.1tUS$2.7tUS$203.0b19.8x25x1.9x
Tue, 18 Mar 2025US$5.3tUS$2.7tUS$203.5b21.4x26.2x2x
Thu, 13 Feb 2025US$5.8tUS$2.7tUS$207.8b23.6x27.8x2.2x
Sat, 11 Jan 2025US$5.6tUS$2.7tUS$196.4b23.2x28.4x2.1x
Mon, 09 Dec 2024US$5.9tUS$2.7tUS$198.3b24.9x30x2.2x
Wed, 06 Nov 2024US$5.6tUS$2.7tUS$193.1b23.9x29.1x2.1x
Fri, 04 Oct 2024US$5.7tUS$2.7tUS$179.9b22.9x31.4x2.1x
Sun, 01 Sep 2024US$5.5tUS$2.7tUS$179.7b22.6x30.4x2x
Tue, 30 Jul 2024US$5.3tUS$2.7tUS$181.5b22.6x29.4x2x
Thu, 27 Jun 2024US$5.2tUS$2.7tUS$170.4b21.1x30.2x1.9x
Sat, 25 May 2024US$5.2tUS$2.7tUS$170.0b22.5x30.8x1.9x
Mon, 22 Apr 2024US$5.1tUS$2.7tUS$173.6b22.5x29.3x1.9x
Wed, 20 Mar 2024US$5.2tUS$2.7tUS$172.4b22.7x30.3x2x
Fri, 16 Feb 2024US$5.0tUS$2.7tUS$174.4b22.9x28.7x1.9x
Sun, 14 Jan 2024US$4.9tUS$2.7tUS$184.2b20.8x26.4x1.8x
Tue, 12 Dec 2023US$4.7tUS$2.7tUS$182.9b20.1x25.8x1.7x
Thu, 09 Nov 2023US$4.4tUS$2.7tUS$185.2b17.8x23.6x1.6x
Sat, 07 Oct 2023US$4.4tUS$2.7tUS$192.2b17.7x22.7x1.6x
Mon, 04 Sep 2023US$4.7tUS$2.7tUS$189.4b19.4x24.7x1.7x
Wed, 02 Aug 2023US$4.7tUS$2.7tUS$186.3b18.8x25.4x1.8x
Fri, 30 Jun 2023US$4.6tUS$2.7tUS$184.3b18.1x24.8x1.7x
Sun, 28 May 2023US$4.2tUS$2.7tUS$183.1b17x22.9x1.6x
Tue, 25 Apr 2023US$4.3tUS$2.7tUS$167.8b18.2x25.5x1.6x
Thu, 23 Mar 2023US$4.0tUS$2.5tUS$158.9b18.4x25.2x1.6x
Price to Earnings Ratio

25.2x


Total Market Cap: US$4.0tTotal Earnings: US$158.9bTotal Revenue: US$2.5tTotal 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 2.4x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 10% per year over the last three years.
  • Revenues for these companies have grown 4.0% 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-2.40%
Industrials-3.83%
Industrials-1.28%
Electrical-1.97%
Construction-2.21%
Logistics-2.71%
Building-2.89%
Machinery-3.26%
Commercial Services-3.73%
Infrastructure-3.98%
Transportation-4.09%
Trade Distributors-4.98%
Marine and Shipping-5.02%
Aerospace & Defense-5.17%
Professional Services-6.09%
Airlines-6.72%
Industry PE
  • Investors are most optimistic about the Electrical industry even though it's trading below its 3-year average PE ratio of 63.1x.
    • Analysts are expecting annual earnings growth of 19.5%, which is higher than its past year's earnings growth of 16.7% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 16.1x.
Forecasted Growth
  • Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 25% 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 decline by 3.9% 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
NXT NextpowerUS$119.6410.6%
+US$1.7b		160.7%PE30x
BE Bloom EnergyUS$154.512.1%
+US$894.9m		538.7%PS21.4x
ZTO ZTO Express (Cayman)US$24.044.5%
+US$786.6m		16.0%PE14.3x
ETN EatonUS$355.400.4%
+US$623.8m		19.6%PE33.7x
FLY Firefly AerospaceUS$23.4713.1%
+US$433.2m		n/aPS33.6x

Latest News

ETN
US$355.40
Eaton
7D
0.4%
1Y
19.6%
FTAI
US$222.24
FTAI Aviation
7D
-19.6%
1Y
107.7%
GE
US$299.69
General Electric
7D
-6.9%
1Y
48.3%
FLY
US$23.47
Firefly Aerospace
7D
13.1%
1Y
n/a
UNF
US$273.31
UniFirst
7D
4.1%
1Y
33.0%

UNF: Cintas Deal Terms And Higher P/E Assumptions Will Sustain Overvaluation

Analysts have raised their price target on UniFirst from $197 to $232. This reflects updated assumptions that incorporate a higher future P/E multiple while keeping revenue growth, profit margin, and discount rate broadly consistent with prior estimates.
ZTO
US$24.04
ZTO Express (Cayman)
7D
4.5%
1Y
16.0%

ZTO: Future Buybacks And Unit Economics Will Support Upside Potential

Analysts have nudged their price target on ZTO Express (Cayman) slightly higher to $29.03 from $28.84, citing updated fair value work that reflects ongoing share buybacks, a modest FY26 earnings uplift, and improved unit economics. Analyst Commentary Bullish analysts highlight that the latest fair value work leans on factors such as ongoing share buybacks, a 1% uplift to FY26 earnings expectations, and improved unit economics, which they see as supportive for the refreshed US$29.03 price target.
ADP
US$208.52
Automatic Data Processing
7D
-6.5%
1Y
-29.7%

ADP: Dividend Strength And AI HR Execution Will Support Premium P/E

Analysts have trimmed their average price target on Automatic Data Processing by about $5 to $272. This reflects slightly softer revenue growth assumptions, a modestly higher discount rate, and only a small adjustment to long term P/E expectations, despite relatively steady margin forecasts.
UNP
US$242.44
Union Pacific
7D
-4.4%
1Y
1.9%

UNP: Merger Synergies And Rail Infrastructure Resilience Will Shape Forward Outlook

The updated analyst price target for Union Pacific edges higher, with our fair value estimate moving from $266.08 to $272.21 as analysts factor in potential cost synergies from the proposed Norfolk Southern merger, sustained operating performance across the rail group, and the appeal of hard to replicate rail infrastructure. Analyst Commentary Recent Street research on Union Pacific clusters around two big themes: the proposed Norfolk Southern merger and the value the market places on irreplaceable rail infrastructure.
NVT
US$109.93
nVent Electric
7D
1.7%
1Y
93.9%
BE
US$154.51
Bloom Energy
7D
2.1%
1Y
538.7%

Bloom Energy Corp (BE): The AI "Bridge-to-Power" – Scaling to 2GW Capacity for the Next-Gen Data Center.

Bloom Energy has transitioned from a clean-energy alternative into a critical infrastructure provider for the AI revolution. Trading at $135.19 as of the March 6, 2026, close, the stock has experienced a sharp 15.5% "digestion" pullback from its recent highs above $180, despite fundamentally strong momentum.
BA
US$209.89
Boeing
7D
-6.7%
1Y
29.7%
GEV
US$805.02
GE Vernova
7D
-3.0%
1Y
142.5%

GEV: Long Term Equipment Contracts Will Support Stronger Future Returns

Analysts have lifted their price target on GE Vernova to $1,019, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin, and future P/E that support a steady valuation framework. What's in the News OPC Energy agreed to purchase main equipment from GE Vernova for the Hadera 2 natural gas power project in Israel, covering gas and steam turbines, auxiliary systems, and a maintenance agreement.
DE
US$577.50
Deere
7D
-3.7%
1Y
19.7%

DE: Construction Strength And Large Ag Recovery Will Support Future Earnings Momentum

We are nudging our fair value estimate for Deere up from $630 to about $666 per share, reflecting analysts' higher price targets following a strong Q1 beat, healthier Large Ag order trends, and better support from Construction and Small Ag/Turf, even as views differ on how much of the next cycle is already priced in. Analyst Commentary Street research after Deere's Q1 report reflects a mix of enthusiasm about execution and caution around how much optimism is already embedded in the share price.
NXT
US$119.64
Nextpower
7D
10.6%
1Y
160.7%
HWM
US$236.75
Howmet Aerospace
7D
-6.8%
1Y
83.1%

HWM: Aerospace And Gas Turbine Demand Will Support Sustained Future Earnings Power

Analysts have raised their average price target for Howmet Aerospace to $315 from about $286, citing stronger margin expectations, slightly revised growth assumptions, and a higher forward P/E multiple supported by recent earnings results and broad price target increases across Wall Street. Analyst Commentary Bullish analysts are largely supportive of the higher average price target, pointing to recent earnings, margin performance, and end market demand as key pillars behind their updated views on Howmet Aerospace.
RCAT
US$15.86
Red Cat Holdings
7D
12.5%
1Y
173.9%