Powell Industries, Inc. (POWL) Stock

Powell Industries, Inc. (POWL) is a Industrials stock trading at $232.18 (as of 2026-07-24), with a market capitalization of $8.46B and a trailing P/E of 46.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Powell Industries, Inc. designs, develops, manufactures, sells, and services custom-engineered equipment and systems for distributing, controlling, and monitoring electrical energy. Its products include power control room substations, electrical modules and houses, medium-voltage circuit breakers, communications for monitoring and control, motor control centers, and bus duct and distribution switchgear, used across heavy industrial markets such as oil and gas, utilities, and mining.

Understand Powell Industries, Inc.: how it makes money

Powell Industries designs, manufactures, and services custom-engineered electrical equipment and systems for the distribution, control, and monitoring of electrical energy, generating revenue by building and delivering projects and equipment such as integrated power control room substations, medium-voltage circuit breakers, motor control centers, and related control and communications systems.

Because Powell’s offerings are custom-engineered power distribution and control systems, its profit potential hinges on project order intake and conversion, which is reflected in order-driven operating indicators like book-to-bill and gross new orders.

Business quality (Solid): Moderate, the dataset provides order intake KPIs and end-market revenue figures, but it does not provide a clean, mutually exclusive reportable segment breakdown that sums to total revenue.

Valuation: At 26× earnings, POWL trades 25% below the Electrical Equipment average (35×). Note: one-time items can distort reported P/E.

Bull case

Order momentum as indicated by a Book-to-Bill Ratio of 1.7: When order intake runs ahead of revenue, it can support future delivery activity for custom-engineered electrical systems.
Solid profitability for the quarter (gross margin 29.6%, operating margin 19.4%): This suggests the current mix and project execution supported strong returns on sales.

Bear case

Project-based revenue can be sensitive to shifts in electrical infrastructure spending: If large orders slow, revenue conversion could weaken in subsequent periods, even if near-term backlog exists.
End-market exposure may be uneven across customers and regions: With smaller revenue slices shown for categories like International (0.06B) and Petrochemical (0.04B), demand changes in specific sectors could affect overall results.

Valuation — source: SEC EDGAR (first-party)
Price	$232.18
Market Cap	$8.46B
P/E Ratio	46.5
EV / EBITDA	33.8
Price / Book	11.93
Price / Sales	7.60
FCF Yield	3.3%
DCF Value (model)	$272.38
DCF Upside vs Price	17.3%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$1.10B
Net Margin	16.4%
Revenue Growth (YoY)	4.0%
EPS Growth (YoY)	18.3%
FCF Growth (YoY)	19.3%

Financial Health — source: SEC EDGAR
Altman Z-Score	6.56 (safe)

Valuation vs Sector & Industry
Stock P/E	46.5
Sector P/E (Industrials)	28.3
Industry P/E (Electrical Equipment)	41.3
vs Sector	64.6%
vs Industry	12.6%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($760.80M)
Institutional Holders Tracked	10

Company
Sector	Industrials
Industry	Electrical Equipment
CEO	Brett A. Cope
Employees	2,748
Country	US
IPO Date	1980-03-17

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.