Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Industrials Sector Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies1054
  • 7D-0.3%
  • 3M16.2%
  • 1Y32.0%
  • YTD11.7%

The Industrials is pretty flat in the last 7 days, but GE Vernova has stood out, gaining 5.2%. The past year has been better, since the industry has gained 32% in that time. 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
Sun, 01 Mar 2026US$7.5tUS$2.8tUS$210.9b26.3x35.5x2.6x
Tue, 27 Jan 2026US$6.9tUS$2.8tUS$209.5b25.9x32.7x2.5x
Thu, 25 Dec 2025US$6.5tUS$2.7tUS$210.3b24.8x31.1x2.4x
Sat, 22 Nov 2025US$6.1tUS$2.7tUS$209.9b23.7x28.9x2.2x
Mon, 20 Oct 2025US$6.3tUS$2.7tUS$209.8b25x30.2x2.3x
Wed, 17 Sep 2025US$6.3tUS$2.7tUS$208.5b24.8x30x2.3x
Fri, 15 Aug 2025US$6.3tUS$2.7tUS$209.6b24.6x29.9x2.3x
Sun, 13 Jul 2025US$6.1tUS$2.7tUS$206.3b24.4x29.5x2.3x
Tue, 10 Jun 2025US$5.9tUS$2.7tUS$205.3b22.9x28.5x2.2x
Thu, 08 May 2025US$5.4tUS$2.7tUS$206.2b21.2x26.2x2x
Sat, 05 Apr 2025US$5.1tUS$2.7tUS$203.3b19.1x25x1.9x
Mon, 03 Mar 2025US$5.6tUS$2.7tUS$204.1b22.1x27.3x2.1x
Wed, 29 Jan 2025US$5.8tUS$2.7tUS$195.3b24.1x29.8x2.2x
Fri, 27 Dec 2024US$5.6tUS$2.7tUS$197.9b23.7x28.4x2.1x
Sun, 24 Nov 2024US$6.0tUS$2.7tUS$197.3b24.5x30.6x2.2x
Tue, 22 Oct 2024US$5.8tUS$2.7tUS$180.3b24.1x32.3x2.1x
Thu, 19 Sep 2024US$5.5tUS$2.7tUS$180.0b22.4x30.5x2x
Sat, 17 Aug 2024US$5.3tUS$2.7tUS$178.6b22x29.7x2x
Mon, 15 Jul 2024US$5.3tUS$2.7tUS$169.7b22.4x31x2x
Wed, 12 Jun 2024US$5.2tUS$2.7tUS$170.1b21.2x30.4x1.9x
Fri, 10 May 2024US$5.3tUS$2.7tUS$172.1b22.6x30.6x1.9x
Sun, 07 Apr 2024US$5.3tUS$2.7tUS$173.6b23.6x30.5x2x
Tue, 05 Mar 2024US$5.2tUS$2.7tUS$172.2b23.5x30x1.9x
Thu, 01 Feb 2024US$5.0tUS$2.7tUS$178.1b21.2x27.8x1.8x
Sat, 30 Dec 2023US$5.0tUS$2.7tUS$183.1b21.5x27x1.8x
Mon, 27 Nov 2023US$4.6tUS$2.7tUS$182.2b19.5x25.1x1.7x
Wed, 25 Oct 2023US$4.3tUS$2.7tUS$192.8b17.3x22x1.6x
Fri, 22 Sep 2023US$4.4tUS$2.7tUS$189.6b17.9x23.2x1.6x
Sun, 20 Aug 2023US$4.5tUS$2.7tUS$178.8b18.5x25.4x1.7x
Tue, 18 Jul 2023US$4.6tUS$2.7tUS$186.5b18.5x24.9x1.7x
Thu, 15 Jun 2023US$4.5tUS$2.7tUS$182.8b18.2x24.4x1.7x
Sat, 13 May 2023US$4.2tUS$2.7tUS$184.3b17.3x22.8x1.6x
Mon, 10 Apr 2023US$4.2tUS$2.6tUS$166.5b18.1x24.9x1.6x
Wed, 08 Mar 2023US$4.1tUS$2.6tUS$162.6b18.9x25.5x1.6x
Price to Earnings Ratio

25.5x


Total Market Cap: US$4.1tTotal Earnings: US$162.6bTotal 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 35.6x 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 9.1% 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 Market-0.57%
Industrials-0.32%
Commercial Services2.48%
Electrical2.01%
Professional Services1.72%
Marine and Shipping1.31%
Transportation0.19%
Aerospace & Defense0.048%
Industrials-0.52%
Building-1.18%
Logistics-1.57%
Construction-1.64%
Machinery-2.03%
Trade Distributors-2.21%
Infrastructure-2.61%
Airlines-4.58%
Industry PE
  • Investors are most optimistic about the Electrical industry, which is trading close to its 3-year average PE ratio of 62.8x.
    • Analysts are expecting annual earnings growth of 19.2%, which is higher than its past year's earnings growth of 15.3% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 16.0x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 24% 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
GEV GE VernovaUS$873.605.2%
+US$11.7b		160.6%PE48.2x
AXON Axon EnterpriseUS$542.4025.0%
+US$9.0b		2.6%PE349x
VRT Vertiv Holdings CoUS$254.894.6%
+US$4.3b		167.8%PE73.2x
WM Waste ManagementUS$240.844.6%
+US$4.2b		3.5%PE35.9x
VRSK Verisk AnalyticsUS$207.5713.7%
+US$3.5b		-30.1%PE31.5x

Latest News

WM
US$240.84
Waste Management
7D
4.6%
1Y
3.5%
DE
US$629.71
Deere
7D
-4.9%
1Y
31.0%
DAL
US$65.70
Delta Air Lines
7D
-5.4%
1Y
9.3%
EME
US$724.62
EMCOR Group
7D
-10.8%
1Y
77.2%
AXON
US$542.40
Axon Enterprise
7D
25.0%
1Y
2.6%
HEI
US$319.46
HEICO
7D
-9.2%
1Y
20.7%
VRT
US$254.89
Vertiv Holdings Co
7D
4.6%
1Y
167.8%

The Infrastructure AI Cannot Be Built Without

Synopsis Approximately 80% of Gen Z university students are "concerned" or "very concerned" about climate change, with many extending this anxiety to the environmental toll of AI. Headlines warn of data centres drinking millions of litres of water daily, but water is the symptom, not the disease.
UBER
US$75.42
Uber Technologies
7D
2.1%
1Y
-0.8%

UBER: AI And Autonomous Partnerships Will Shape Long Term Upside Potential

Analysts recently trimmed their average price target on Uber Technologies to about $104 from roughly $105, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples after revisiting their models and broader sector valuations. Analyst Commentary Recent research on Uber highlights a mix of optimism around execution and growth on one side, and some reservation around valuation, macro risk and competitive or regulatory questions on the other.
BE
US$155.67
Bloom Energy
7D
5.5%
1Y
548.1%
VRSK
US$207.57
Verisk Analytics
7D
13.7%
1Y
-30.1%

VRSK: AI Risk Partnerships And Buybacks Will Drive Future Reassessment

Analysts have trimmed their price targets on Verisk Analytics, aligning our fair value estimate down from $248.50 to about $221 as they factor in slightly softer revenue growth assumptions, modestly lower profit margins, and reduced future P/E expectations following recent Q4 results and a more cautious near term outlook. Analyst Commentary Street research has converged around lower price targets for Verisk Analytics, with most recent updates landing in a relatively tight band around the low US$200s.
RSG
US$229.00
Republic Services
7D
4.3%
1Y
-3.4%

RSG: Renewable Gas Buildout And Capital Returns Will Support Steady Outlook

Analysts have trimmed their price target on Republic Services slightly to $244.04 from $244.21. This reflects updated assumptions around a marginally different discount rate, revenue growth outlook, profit margin expectations, and future P/E estimates.
RTX
US$202.62
RTX
7D
-1.1%
1Y
52.4%

RTX: Fair Value View Weighs Aerospace Demand Against Defense Policy Constraints

Analysts have nudged their RTX fair value estimate higher to $216.92 from $214.54, reflecting updated targets across major firms that highlight slightly stronger revenue growth assumptions, a modestly adjusted discount rate, and a similar forward P/E outlook despite a small trim to profit margin expectations. Analyst Commentary Recent research updates cluster around a series of higher price targets for RTX, which helps explain the modest lift in the consolidated fair value estimate.
GEV
US$873.60
GE Vernova
7D
5.2%
1Y
160.6%

GE Vernova (GEV): Powering the Future: Electrons at Scale: The Grid’s New Sovereign

The narrative for GE Vernova in 2026 is centered on one word: Backlog. With a total backlog of $150 billion , the company has effectively "sold out" its capacity for years to come.
BA
US$227.53
Boeing
7D
-1.9%
1Y
30.3%
CAT
US$742.83
Caterpillar
7D
-2.2%
1Y
116.0%

CAT: Data Center Power Demand Will Drive Future Multiple Repricing

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.
URI
US$840.00
United Rentals
7D
-7.6%
1Y
30.8%

URI: Secular Project Demand Will Support Future Margin And Buyback Compounding

Our updated analyst price target for United Rentals has been reduced by about $49 to $1,300. This reflects a wave of recent Street revisions as analysts factor in slightly softer revenue growth assumptions, a modestly higher discount rate, a lower future P/E, and a small improvement in expected profit margins.