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U.S. Building Industry Analysis

UpdatedMay 05, 2026
DataAggregated Company Financials
Companies53
  • 7D-0.7%
  • 3M2.9%
  • 1Y12.3%
  • YTD11.5%

In the last week, the Building industry is up 1.5%, with Carrier Global up 6.4%. During this same period, the Builders FirstSource underperformed, falling 18%. This takes the industry's 12 month performance to a gain of 15%. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

Has the U.S. Building Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 05 May 2026US$440.6bUS$162.1bUS$11.5b20.8x38.3x2.7x
Thu, 02 Apr 2026US$377.1bUS$158.6bUS$11.8b20x32x2.4x
Sat, 28 Feb 2026US$425.2bUS$158.4bUS$12.0b23x35.5x2.7x
Mon, 26 Jan 2026US$381.1bUS$163.7bUS$11.6b21.2x33x2.3x
Wed, 24 Dec 2025US$370.5bUS$163.6bUS$11.6b19.1x32.1x2.3x
Fri, 21 Nov 2025US$351.0bUS$161.0bUS$11.1b16.7x31.7x2.2x
Sun, 19 Oct 2025US$380.6bUS$161.0bUS$12.6b20.4x30.2x2.4x
Tue, 16 Sep 2025US$391.1bUS$160.9bUS$12.5b23.5x31.2x2.4x
Thu, 14 Aug 2025US$402.5bUS$160.7bUS$12.9b23.3x31.3x2.5x
Sat, 12 Jul 2025US$407.1bUS$162.0bUS$14.0b21.6x29.1x2.5x
Mon, 09 Jun 2025US$397.0bUS$163.5bUS$14.0b21.4x28.3x2.4x
Wed, 07 May 2025US$383.7bUS$162.7bUS$13.4b19.9x28.6x2.4x
Fri, 04 Apr 2025US$363.9bUS$162.6bUS$13.4b18.6x27.2x2.2x
Sun, 02 Mar 2025US$370.4bUS$162.5bUS$13.4b20.9x27.7x2.3x
Tue, 28 Jan 2025US$411.3bUS$163.6bUS$14.3b20.8x28.7x2.5x
Thu, 26 Dec 2024US$396.5bUS$163.6bUS$14.3b21.9x27.7x2.4x
Sat, 23 Nov 2024US$429.7bUS$162.3bUS$14.3b22.1x30.1x2.6x
Mon, 21 Oct 2024US$431.7bUS$164.3bUS$16.4b24.1x26.3x2.6x
Wed, 18 Sep 2024US$403.7bUS$164.3bUS$16.4b22x24.6x2.5x
Fri, 16 Aug 2024US$371.5bUS$164.4bUS$16.4b20.6x22.6x2.3x
Sun, 14 Jul 2024US$381.1bUS$162.7bUS$14.2b21.5x26.8x2.3x
Tue, 11 Jun 2024US$366.3bUS$163.8bUS$14.3b19.8x25.5x2.2x
Thu, 09 May 2024US$374.4bUS$166.4bUS$14.5b21.5x25.9x2.3x
Sat, 06 Apr 2024US$368.8bUS$165.2bUS$14.7b23.6x25.1x2.2x
Mon, 04 Mar 2024US$361.5bUS$166.7bUS$14.8b22.9x24.4x2.2x
Wed, 31 Jan 2024US$338.5bUS$175.4bUS$15.3b19.9x22.1x1.9x
Fri, 29 Dec 2023US$335.8bUS$175.3bUS$14.8b20.6x22.7x1.9x
Sun, 26 Nov 2023US$298.0bUS$175.2bUS$15.0b17.1x19.9x1.7x
Tue, 24 Oct 2023US$249.5bUS$171.8bUS$14.8b16.5x16.9x1.5x
Thu, 21 Sep 2023US$275.1bUS$171.9bUS$14.8b17.3x18.6x1.6x
Sat, 19 Aug 2023US$278.8bUS$171.9bUS$14.8b17.1x18.8x1.6x
Mon, 17 Jul 2023US$291.0bUS$174.1bUS$15.2b16.4x19.1x1.7x
Wed, 14 Jun 2023US$266.6bUS$174.0bUS$15.2b15.5x17.5x1.5x
Fri, 12 May 2023US$248.7bUS$174.1bUS$15.2b14.6x16.4x1.4x
Price to Earnings Ratio

16.4x


Total Market Cap: US$248.7bTotal Earnings: US$15.2bTotal Revenue: US$174.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Building Industry Price to Earnings3Y Average 26.2x202420252026
Current Industry PE
  • Investors are optimistic on the American Building industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 38.3x which is higher than its 3-year average PE of 26.2x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Building industry have declined 8.7% per year over the last three years,
  • Revenues have also declined 2.3% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market0.58%
Industrials-0.85%
Building-0.72%
Building Products-0.72%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CARR Carrier GlobalUS$65.896.4%
+US$3.0b		-6.9%PE42.7x
MAIR Madison Air SolutionsUS$39.3813.9%
+US$2.4b		n/aPE200.6x
MOD Modine ManufacturingUS$259.766.0%
+US$780.9m		187.5%PE140.1x
JCI Johnson Controls InternationalUS$144.400.7%
+US$624.3m		61.6%PE46.2x
LII Lennox InternationalUS$514.862.5%
+US$430.2m		-8.5%PE22.6x

Latest News

MAS
US$68.49
Masco
7D
-7.7%
1Y
10.9%
AWI
US$163.63
Armstrong World Industries
7D
-7.9%
1Y
9.0%
OC
US$116.89
Owens Corning
7D
-6.9%
1Y
-19.1%
AOS
US$58.86
A. O. Smith
7D
-9.0%
1Y
-13.9%
JCI
US$144.40
Johnson Controls International
7D
0.7%
1Y
61.6%

JCI: Elevated HVAC Expectations Will Pressure Shares If Data Center Cooling Disappoints

The analyst price target for Johnson Controls International has increased by about $1 as analysts factor in updated earnings estimates, a slightly higher assumed revenue growth rate and P/E multiple, a modestly lower profit margin, and a mix of new bullish and bearish coverage. Analyst Commentary Recent Street research around Johnson Controls International has been mixed, with several firms revising price targets and introducing fresh coverage.
BLDR
US$73.75
Builders FirstSource
7D
-17.9%
1Y
-34.1%

BLDR: Margin Resilience And 2026 Guidance Will Support Future Upside

Analysts have trimmed the fair value estimate for Builders FirstSource to $129.22 from $150.00, reflecting a series of reduced price targets across the Street as models factor in a slightly higher discount rate, modestly different revenue growth and profit margin expectations, and a lower future P/E assumption. Analyst Commentary Recent research on Builders FirstSource shows a cluster of lower price targets, but the overall tone is not uniformly negative.
LII
US$514.86
Lennox International
7D
2.5%
1Y
-8.5%

LII: Future Cash Generation From M&A And Buybacks Will Support Upside

Analysts have nudged their price target for Lennox International up from $645 to $650, citing updated assumptions for discount rate, revenue growth, profit margins and future P/E that slightly adjust the risk and earnings profile without changing the overall investment story. What's in the News Lennox International maintains 2026 earnings guidance, with earnings per share expected in a range of $23.50 to $25.00 and revenue growth guidance for the year updated to approximately 8%, including a 4% contribution from completed acquisitions (company guidance).
TT
US$486.50
Trane Technologies
7D
0.1%
1Y
20.7%

TT: AI Thermal Management And Training Investments Will Support Balanced Long-Term Outlook

Analysts have raised their price target on Trane Technologies from $484.54 to $517.69, citing updated assumptions that include slightly higher revenue growth, modestly stronger profit margins, a small adjustment to the discount rate, and a higher future P/E multiple. What's in the News Raised full-year 2026 earnings guidance, with reported revenue growth expected at about 9.5% and GAAP and adjusted continuing EPS targeted in a range of $14.75 to $14.95.
CARR
US$65.89
Carrier Global
7D
6.4%
1Y
-6.9%
UFPI
US$80.31
UFP Industries
7D
-16.3%
1Y
-19.5%

UFPI: Market Share Gains Will Offset Delayed Cyclical Demand Recovery

Analysts have trimmed their price targets on UFP Industries by about $6 to $7 to align with updated fair value estimates near $105.60, citing slightly softer margin expectations, modestly adjusted P/E assumptions, and a slower timing for cyclical demand improvements, even as they factor in continued market share gains. Analyst Commentary Recent research updates on UFP Industries point to a mix of optimism around market share gains and disciplined execution, alongside caution around near term earnings power and the timing of a fuller cyclical recovery.
ALLE
US$132.49
Allegion
7D
-10.7%
1Y
-6.0%

Allegion plc Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

May 01
Allegion plc Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
MAIR
US$39.38
Madison Air Solutions
7D
13.9%
1Y
n/a
AAON
US$91.90
AAON
7D
0.3%
1Y
-7.1%

AAON: FY26 Guidance Will Support Long Term Upside Potential

Analysts nudged their price target on AAON shares up by $3 to $118, citing company guidance that is above Street expectations for FY26 revenue and gross profit as support for the move. Analyst Commentary Street research points to a mixed reaction around AAON, with the latest price target adjustment to US$118 reflecting confidence in the company’s FY26 guidance but also highlighting areas where expectations may be running ahead of what some see as a clean execution path.
MOD
US$259.76
Modine Manufacturing
7D
6.0%
1Y
187.5%

MOD: Data Center Thermal One Stop Shop Will Drive Balanced AI Infrastructure Outlook

The analyst fair value estimate for Modine Manufacturing has increased from about $251.14 to $265.57. This change reflects updated views from multiple firms that cite the company’s role in data center cooling and refrigeration solutions and the potential for higher future P/E assumptions.
TGEN
US$4.92
Tecogen
7D
16.0%
1Y
58.7%
WMS
US$140.75
Advanced Drainage Systems
7D
-7.7%
1Y
22.3%