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U.S. Building Industry Analysis

UpdatedJun 14, 2026
DataAggregated Company Financials
Companies52
  • 7D1.6%
  • 3M9.8%
  • 1Y11.7%
  • YTD12.2%

The Building industry is up 1.6% in the last week, with Carrier Global up 4.1%. This takes the industry's 12 month performance to a gain of 12%. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Jun 2026US$434.7bUS$161.9bUS$11.3b20.6x38.5x2.7x
Tue, 12 May 2026US$434.7bUS$162.6bUS$11.3b21.4x38.3x2.7x
Thu, 09 Apr 2026US$378.7bUS$158.6bUS$11.8b20.4x32.1x2.4x
Sat, 07 Mar 2026US$401.7bUS$158.6bUS$11.9b21.3x33.7x2.5x
Mon, 02 Feb 2026US$391.0bUS$163.8bUS$11.5b20.8x33.9x2.4x
Wed, 31 Dec 2025US$372.9bUS$163.6bUS$11.6b19.2x32.3x2.3x
Fri, 28 Nov 2025US$369.6bUS$160.9bUS$11.1b18.9x33.4x2.3x
Sun, 26 Oct 2025US$387.9bUS$161.0bUS$12.6b19.8x30.8x2.4x
Tue, 23 Sep 2025US$388.5bUS$160.9bUS$12.5b22.6x31x2.4x
Thu, 21 Aug 2025US$402.8bUS$160.7bUS$12.9b22.8x31.3x2.5x
Sat, 19 Jul 2025US$411.8bUS$162.0bUS$14.1b21.1x29.3x2.5x
Mon, 16 Jun 2025US$388.5bUS$163.5bUS$14.0b21.1x27.7x2.4x
Wed, 14 May 2025US$400.4bUS$163.4bUS$14.0b22.5x28.5x2.5x
Fri, 11 Apr 2025US$348.5bUS$162.6bUS$13.4b18.5x26x2.1x
Sun, 09 Mar 2025US$365.0bUS$162.5bUS$13.4b19.2x27.2x2.2x
Tue, 04 Feb 2025US$389.2bUS$164.2bUS$14.5b19.8x26.9x2.4x
Thu, 02 Jan 2025US$387.2bUS$163.6bUS$14.3b21x27x2.4x
Sat, 30 Nov 2024US$437.7bUS$162.3bUS$14.3b22.4x30.6x2.7x
Mon, 28 Oct 2024US$410.9bUS$165.6bUS$14.7b22x27.9x2.5x
Wed, 25 Sep 2024US$421.4bUS$164.3bUS$16.4b22.2x25.6x2.6x
Fri, 23 Aug 2024US$384.9bUS$164.4bUS$16.4b20.9x23.4x2.3x
Sun, 21 Jul 2024US$378.3bUS$162.7bUS$14.2b22x26.6x2.3x
Tue, 18 Jun 2024US$369.8bUS$162.7bUS$14.3b20.5x25.9x2.3x
Thu, 16 May 2024US$381.0bUS$166.5bUS$14.5b21.7x26.3x2.3x
Sat, 13 Apr 2024US$366.1bUS$165.2bUS$14.7b22.9x24.9x2.2x
Mon, 11 Mar 2024US$364.6bUS$166.7bUS$14.8b23x24.6x2.2x
Wed, 07 Feb 2024US$333.9bUS$169.3bUS$14.7b20.3x22.7x2x
Fri, 05 Jan 2024US$324.8bUS$175.3bUS$14.8b20.1x21.9x1.9x
Sun, 03 Dec 2023US$304.3bUS$175.2bUS$15.0b17.5x20.3x1.7x
Tue, 31 Oct 2023US$261.0bUS$176.9bUS$14.3b16.4x18.3x1.5x
Thu, 28 Sep 2023US$271.8bUS$171.9bUS$14.8b16.9x18.3x1.6x
Sat, 26 Aug 2023US$280.7bUS$171.9bUS$14.8b17.2x19x1.6x
Mon, 24 Jul 2023US$290.4bUS$174.1bUS$15.2b16.6x19.1x1.7x
Wed, 21 Jun 2023US$270.5bUS$174.0bUS$15.2b15.7x17.8x1.6x
Price to Earnings Ratio

17.8x


Total Market Cap: US$270.5bTotal Earnings: US$15.2bTotal Revenue: US$174.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Building Industry Price to Earnings3Y Average 27x202420252026
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 38.5x which is higher than its 3-year average PE of 27.0x.
  • 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 9.5% per year over the last three years,
  • Revenues have also declined 2.4% 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 Market0.87%
Industrials1.15%
Building1.59%
Building Products1.59%
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$69.914.1%
+US$2.3b		-1.9%PE45.3x
MAS MascoUS$74.036.7%
+US$916.8m		19.6%PE17.6x
JCI Johnson Controls InternationalUS$144.960.9%
+US$799.3m		42.2%PE43.2x
TREX Trex CompanyUS$45.6315.1%
+US$621.3m		-17.6%PE24.8x
FBIN Fortune Brands InnovationsUS$43.2210.7%
+US$496.3m		-14.1%PE19x

Latest News

GFF
US$93.72
Griffon
7D
9.6%
1Y
38.5%
JCI
US$144.96
Johnson Controls International
7D
0.9%
1Y
42.2%
AWI
US$154.21
Armstrong World Industries
7D
-0.6%
1Y
1.9%
Seeking Alpha • Jun 12

Armstrong World Industries: Shares Need To Be Cheaper Before An Upgrade

Summary Armstrong World Industries remains a 'hold' as operational growth is offset by mixed profitability and fair valuation. AWI's recent Q1 results showed 7% revenue growth to $410M, but net profits dipped and cash flow softened. The Mineral Fiber segment delivered revenue and profit growth via higher prices and volumes, though margins compressed. Management guides for FY revenue of $1.745–$1.785B and EBITDA of $600–$620M, supporting a fair value thesis. Read the full article on Seeking Alpha
TREX
US$45.63
Trex Company
7D
15.1%
1Y
-17.6%
MOD
US$274.50
Modine Manufacturing
7D
-0.7%
1Y
192.9%
AAON
US$127.19
AAON
7D
-4.1%
1Y
74.3%
AZZ
US$150.89
AZZ
7D
9.6%
1Y
68.4%
Seeking Alpha • Jun 10

AZZ Is Doing Well, But Not Well Enough To Be Excited About

Summary AZZ remains a 'hold' as valuation is not compelling despite strong operational performance and long-term growth prospects. AZZ's Metal Coatings segment saw robust revenue growth, while Precoat Metals faced headwinds from weak construction and transportation markets. Management guides for FY2027 revenue of $1.725–$1.775 billion and adjusted EPS of $6.50–$7, with EBITDA expected between $360–$400 million. Despite attractive end-market exposure and demonstrated growth, AZZ's current trading multiples are above my preferred threshold, justifying a neutral stance. Read the full article on Seeking Alpha
JELD
US$1.77
JELD-WEN Holding
7D
-4.8%
1Y
-53.7%
BLDR
US$77.77
Builders FirstSource
7D
5.6%
1Y
-30.1%
Narrative Update • Jun 09

BLDR: Rebased Multiples And Mix Shift Will Frame 2026 Execution Test

Analysts have trimmed the implied fair value for Builders FirstSource stock from about $103 to $76, reflecting a series of reduced price targets across the Street. They are factoring in a slightly higher discount rate, modestly different growth and margin assumptions, and lower future P/E expectations.
CARR
US$69.91
Carrier Global
7D
4.1%
1Y
-1.9%
CSL
US$343.77
Carlisle Companies
7D
-0.6%
1Y
-3.7%
Narrative Update • Jun 05

CSL: Continued Buybacks And Stable Outlook Will Support Future Upside Potential

Analysts have kept their price target for Carlisle Companies effectively unchanged at about $410, with slight model tweaks to the discount rate and future P/E assumptions rather than any shift in the underlying growth or margin outlook. What's in the News Carlisle Companies reported that from January 1, 2026 to March 31, 2026, it repurchased 700,000 shares, or 1.71% of its stock, for US$249.77 million under its long running buyback program announced on November 3, 1999.
MAS
US$74.03
Masco
7D
6.7%
1Y
19.6%
Narrative Update • Jun 04

MAS: Future Returns Will Depend On Margins And Capital Deployment Choices

Analysts have trimmed their fair value estimate for Masco to $67 from $69 as they now apply a slightly higher discount rate and more modest assumptions for revenue growth and future P/E, while keeping profit margin expectations broadly similar. What's in the News Masco reported first quarter 2026 earnings and net sales that were above estimates, with Plumbing Products leading top line results and Decorative Architectural Products showing stronger profitability even with flat sales.
FBIN
US$43.22
Fortune Brands Innovations
7D
10.7%
1Y
-14.1%
Narrative Update • Jun 02

FBIN: Governance Reset And Insider Buying Will Shape Future Shareholder Returns

Analysts have reduced the price target on Fortune Brands to $46.64 from $50.29. This reflects updated assumptions that include a slightly higher discount rate, more conservative revenue growth and profit margin expectations, and a modestly lower future P/E multiple, along with a series of recent target cuts from major firms and ongoing leadership changes.
BNC
US$2.05
CEA Industries
7D
-5.1%
1Y
-75.3%
MAIR
US$39.02
Madison Air Solutions
7D
-2.8%
1Y
n/a
ILAG
US$2.72
Intelligent Living Application Group
7D
-22.3%
1Y
-43.2%