Narrative Update • May 24

In the last week, Building has been flat. The past year has been better, since the industry has gained 6.1% in that time. Looking forward, earnings are forecast to grow by 21% annually.
Has the U.S. Building Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 26 May 2026 | US$417.8b | US$163.0b | US$11.3b | 21.3x | 36.9x | 2.6x |
| Thu, 23 Apr 2026 | US$430.1b | US$162.0b | US$11.9b | 22x | 36.1x | 2.7x |
| Sat, 21 Mar 2026 | US$380.3b | US$158.6b | US$11.9b | 19.6x | 31.9x | 2.4x |
| Mon, 16 Feb 2026 | US$435.4b | US$164.1b | US$11.6b | 23.1x | 37.5x | 2.7x |
| Wed, 14 Jan 2026 | US$377.4b | US$163.6b | US$11.6b | 21.8x | 32.6x | 2.3x |
| Fri, 12 Dec 2025 | US$373.3b | US$163.6b | US$11.2b | 20.3x | 33.2x | 2.3x |
| Sun, 09 Nov 2025 | US$383.2b | US$161.0b | US$11.1b | 19.9x | 34.5x | 2.4x |
| Tue, 07 Oct 2025 | US$390.9b | US$160.9b | US$12.5b | 22.3x | 31.2x | 2.4x |
| Thu, 04 Sep 2025 | US$391.7b | US$160.7b | US$12.8b | 22.9x | 30.5x | 2.4x |
| Sat, 02 Aug 2025 | US$400.9b | US$162.7b | US$14.0b | 20.4x | 28.7x | 2.5x |
| Mon, 30 Jun 2025 | US$401.2b | US$163.5b | US$14.0b | 20.7x | 28.7x | 2.5x |
| Wed, 28 May 2025 | US$391.2b | US$163.4b | US$14.0b | 21.8x | 27.9x | 2.4x |
| Fri, 25 Apr 2025 | US$342.0b | US$162.7b | US$13.4b | 20.2x | 25.6x | 2.1x |
| Sun, 23 Mar 2025 | US$360.3b | US$162.7b | US$13.4b | 19.7x | 26.9x | 2.2x |
| Tue, 18 Feb 2025 | US$390.8b | US$162.1b | US$14.1b | 20.7x | 27.8x | 2.4x |
| Thu, 16 Jan 2025 | US$396.3b | US$163.6b | US$14.3b | 20.8x | 27.7x | 2.4x |
| Sat, 14 Dec 2024 | US$424.4b | US$163.6b | US$14.3b | 22.8x | 29.6x | 2.6x |
| Mon, 11 Nov 2024 | US$430.8b | US$162.4b | US$14.3b | 21.9x | 30.2x | 2.7x |
| Wed, 09 Oct 2024 | US$423.1b | US$164.3b | US$16.4b | 22.9x | 25.7x | 2.6x |
| Fri, 06 Sep 2024 | US$377.9b | US$164.3b | US$16.4b | 20.4x | 23x | 2.3x |
| Sun, 04 Aug 2024 | US$368.1b | US$164.4b | US$16.6b | 20.6x | 22.2x | 2.2x |
| Tue, 02 Jul 2024 | US$362.6b | US$162.7b | US$14.3b | 19.6x | 25.4x | 2.2x |
| Thu, 30 May 2024 | US$377.8b | US$163.8b | US$14.3b | 20.4x | 26.3x | 2.3x |
| Sat, 27 Apr 2024 | US$369.4b | US$166.3b | US$14.7b | 21.4x | 25.2x | 2.2x |
| Mon, 25 Mar 2024 | US$378.0b | US$166.7b | US$14.8b | 24.2x | 25.5x | 2.3x |
| Wed, 21 Feb 2024 | US$346.4b | US$167.5b | US$14.8b | 23.1x | 23.5x | 2.1x |
| Fri, 19 Jan 2024 | US$329.1b | US$175.3b | US$14.8b | 19.3x | 22.2x | 1.9x |
| Sun, 17 Dec 2023 | US$326.2b | US$175.3b | US$14.8b | 19.3x | 22x | 1.9x |
| Tue, 14 Nov 2023 | US$284.3b | US$175.4b | US$14.2b | 16.5x | 20x | 1.6x |
| Thu, 12 Oct 2023 | US$277.3b | US$171.9b | US$14.8b | 17.4x | 18.7x | 1.6x |
| Sat, 09 Sep 2023 | US$284.9b | US$171.9b | US$14.8b | 16.6x | 19.2x | 1.7x |
| Mon, 07 Aug 2023 | US$294.2b | US$172.1b | US$14.8b | 17.5x | 19.8x | 1.7x |
| Wed, 05 Jul 2023 | US$281.6b | US$174.0b | US$15.2b | 16.6x | 18.5x | 1.6x |
| Fri, 02 Jun 2023 | US$241.8b | US$174.0b | US$15.2b | 13.9x | 15.9x | 1.4x |
15.9x
Which industries have driven the changes within the U.S. Industrials industry?
| US Market | 1.21% | |
| Industrials | 1.14% | |
| Building | 0.18% | |
| Building Products | 0.18% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| JCI Johnson Controls International | US$138.36 | 2.2% +US$1.8b | 37.0% | PE41.2x | |
| CARR Carrier Global | US$63.14 | 2.8% +US$1.4b | -12.7% | PE40.9x | |
| MOD Modine Manufacturing | US$260.52 | 6.6% +US$845.3m | 181.8% | PE140.5x | |
| BLDR Builders FirstSource | US$74.15 | 11.7% +US$834.7m | -33.5% | PE27.4x | |
| OC Owens Corning | US$117.42 | 8.8% +US$762.6m | -14.8% | PS1x |