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U.S. Building Industry Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies51
  • 7D3.6%
  • 3M20.2%
  • 1Y16.5%
  • YTD19.8%

In the last week, the Building industry is up 3.6%, with Trane Technologies up 4.1%. In the last 12 months, the industry was up 16%. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jun 2026US$451.6bUS$161.9bUS$11.2b22.2x40.2x2.8x
Sun, 24 May 2026US$417.8bUS$163.0bUS$11.3b21.3x36.9x2.6x
Tue, 21 Apr 2026US$428.1bUS$161.9bUS$11.9b21.8x36x2.6x
Thu, 19 Mar 2026US$383.0bUS$158.6bUS$11.9b20.2x32.2x2.4x
Sat, 14 Feb 2026US$434.8bUS$164.1bUS$11.6b23.1x37.4x2.6x
Mon, 12 Jan 2026US$376.4bUS$163.6bUS$11.6b21.6x32.6x2.3x
Wed, 10 Dec 2025US$368.5bUS$163.6bUS$11.2b19x32.8x2.3x
Fri, 07 Nov 2025US$383.4bUS$157.6bUS$11.7b20.3x32.7x2.4x
Sun, 05 Oct 2025US$390.9bUS$160.9bUS$12.5b22.4x31.2x2.4x
Tue, 02 Sep 2025US$397.4bUS$160.7bUS$12.8b23.3x30.9x2.5x
Thu, 31 Jul 2025US$415.3bUS$162.5bUS$14.1b21.3x29.5x2.6x
Sat, 28 Jun 2025US$398.0bUS$163.5bUS$14.0b20.7x28.4x2.4x
Mon, 26 May 2025US$391.2bUS$163.4bUS$14.0b21.2x27.9x2.4x
Wed, 23 Apr 2025US$331.9bUS$162.7bUS$13.4b18.8x24.8x2x
Fri, 21 Mar 2025US$366.1bUS$162.7bUS$13.4b19.9x27.3x2.3x
Sun, 16 Feb 2025US$390.8bUS$162.1bUS$14.1b20.7x27.8x2.4x
Tue, 14 Jan 2025US$383.6bUS$163.6bUS$14.3b20.2x26.8x2.3x
Thu, 12 Dec 2024US$421.5bUS$162.3bUS$14.3b22.1x29.5x2.6x
Sat, 09 Nov 2024US$422.8bUS$162.5bUS$14.3b21.9x29.6x2.6x
Mon, 07 Oct 2024US$422.1bUS$164.3bUS$16.4b22.6x25.7x2.6x
Wed, 04 Sep 2024US$395.7bUS$164.3bUS$16.4b21x24.1x2.4x
Fri, 02 Aug 2024US$392.3bUS$164.4bUS$16.6b20.8x23.6x2.4x
Sun, 30 Jun 2024US$362.6bUS$162.7bUS$14.3b20.1x25.4x2.2x
Tue, 28 May 2024US$385.6bUS$163.8bUS$14.3b21.2x26.9x2.4x
Thu, 25 Apr 2024US$362.3bUS$165.2bUS$14.7b22.8x24.7x2.2x
Sat, 23 Mar 2024US$378.0bUS$166.7bUS$14.8b23.9x25.5x2.3x
Mon, 19 Feb 2024US$347.2bUS$168.2bUS$14.9b21x23.3x2.1x
Wed, 17 Jan 2024US$330.5bUS$175.3bUS$14.8b19.3x22.3x1.9x
Fri, 15 Dec 2023US$317.0bUS$175.4bUS$14.8b19.5x21.4x1.8x
Sun, 12 Nov 2023US$285.6bUS$175.4bUS$14.2b16.6x20.1x1.6x
Tue, 10 Oct 2023US$269.6bUS$171.9bUS$14.8b16.8x18.2x1.6x
Thu, 07 Sep 2023US$285.1bUS$171.9bUS$14.8b16.9x19.2x1.7x
Sat, 05 Aug 2023US$294.2bUS$172.1bUS$14.8b17.5x19.8x1.7x
Mon, 03 Jul 2023US$282.2bUS$174.0bUS$15.2b16.4x18.6x1.6x
Price to Earnings Ratio

18.6x


Total Market Cap: US$282.2bTotal Earnings: US$15.2bTotal Revenue: US$174.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Building Industry Price to Earnings3Y Average 27.2x202420252026
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 40.2x which is higher than its 3-year average PE of 27.2x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Building industry have declined 9.6% 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 Market-2.68%
Industrials1.11%
Building3.60%
Building Products3.60%
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
TT Trane TechnologiesUS$503.464.1%
+US$4.4b		17.3%PE37.9x
CARR Carrier GlobalUS$76.005.8%
+US$3.5b		4.7%PE49.2x
LII Lennox InternationalUS$570.737.2%
+US$1.3b		1.1%PE25x
CSL Carlisle CompaniesUS$388.407.6%
+US$1.1b		3.0%PE21.5x
MAS MascoUS$79.727.2%
+US$1.1b		25.1%PE18.9x

Latest News

BLDR
US$88.72
Builders FirstSource
7D
10.1%
1Y
-23.5%
LII
US$570.73
Lennox International
7D
7.2%
1Y
1.1%
Seeking Alpha • 20h

Lennox International: Valuation A Bit Too Hot, Upside Potential A Bit Too Cold

Summary Lennox International benefits from robust HVAC demand, especially in its Building Climate Solutions segment, amid data center expansion. LII's Q1 2026 net sales rose 5.9% YoY to $1.14B, with BCS profit up 62.5% YoY, offsetting Home Comfort Solutions weakness. Technical indicators show bullish momentum, but LII trades above its five-year average P/E, suggesting a premium valuation and potential for a pullback. Commodity inflation, tariffs, and a weak housing market pose risks; I recommend staying on the sidelines and waiting for a better entry point. Read the full article on Seeking Alpha
TGLS
US$44.07
Tecnoglass
7D
-4.1%
1Y
-42.1%
Seeking Alpha • Jun 25

Tecnoglass: I Expect Tariff Relief And Rising Profit Margins

Summary Tecnoglass is positioned for margin recovery, which should lead to a sharp rebound in EPS. Its low-cost Colombian manufacturing and U.S.-centric revenue model underpin sustainable growth, even amid U.S. housing market softness. Recent profit margin pressure from a strong Colombian peso and U.S. tariffs is likely transitory, with potential relief from improved U.S.-Colombia trade relations. I rate TGLS a 'Strong Buy' thanks to reasonable valuation, secular growth, and a credible path to margin and EPS expansion. Read the full article on Seeking Alpha
OC
US$136.26
Owens Corning
7D
6.3%
1Y
-0.7%
Narrative Update • Jun 25

OC: Dividend Policy And Q2 Outlook Will Shape Fairly Valued Upside Potential

The analyst price target for Owens Corning has been modestly revised from $144.80 to about $146.21. Analysts point to updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E to support the change.
JELD
US$1.65
JELD-WEN Holding
7D
-7.3%
1Y
-56.9%
Narrative Update • Jun 24

JELD: Updated 2026 Outlook And Execution Improvements Will Support Future Resilience

Analysts have slightly adjusted the JELD-WEN Holding price target, with mixed moves such as a $1.40 cut at one firm and a $0.50 increase at another. These changes reflect updated views on revenue growth, profit margin assumptions, and expected future P/E levels.
TT
US$503.46
Trane Technologies
7D
4.1%
1Y
17.3%
Narrative Update • Jun 23

TT: AI Initiatives And Training Expansion Will Support Steady Future Performance

Analysts have modestly raised their price target for Trane Technologies to $521.51 from $518.30, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin, and expected future P/E assumptions in their models. What's in the News for Trane Technologies Trane Technologies reported Q1 revenue up 6% year over year, beating analysts' expectations on both revenue and adjusted operating income, while the stock price stayed flat after the release.
MAIR
US$40.00
Madison Air Solutions
7D
4.9%
1Y
n/a
Seeking Alpha • Jun 23

Madison Air Solutions: Mission-Critical Air Demand Makes This A Buy

Summary Initiating Madison Air Solutions (MAIR) at buy, driven by robust structural demand for mission-critical air solutions beyond traditional HVAC cycles. MAIR’s Commercial segment benefits from AI-driven data center growth, with Q1 2026 organic sales up 17.2% and backlog surging 125% year-over-year. AprilAire acquisition strengthens Residential portfolio, targeting higher revenue per job and reducing reliance on equipment replacement cycles. Valuation at 23x EBITDA offers ~60% upside if MAIR achieves $1.59B adj. EBITDA by FY29; key risks are backlog conversion pace and Residential segment softness. Read the full article on Seeking Alpha
CSL
US$388.40
Carlisle Companies
7D
7.6%
1Y
3.0%
Seeking Alpha • Jun 23

AI-Proof Market-Beating Returns: Carlisle Companies

Summary Carlisle Companies is capitalizing on a wave of commercial reroofing demand, driving market-beating returns independent of AI trends. CSL's Q1 2026 results showed resilient profitability despite a 4% revenue decline, with adjusted EPS up 0.6% and EBITDA margin expanding to 22.3%. Shares trade at a forward PE of 16.4, an 18% discount to fair value, with an 11.1% annual EPS growth consensus and a 1.3% dividend yield backed by a low payout ratio. CSL's disciplined share buybacks and consistent dividend growth position it for 15% annual total returns through 2031, though input costs and construction cycles are key risks. Read the full article on Seeking Alpha
MOD
US$283.67
Modine Manufacturing
7D
-4.6%
1Y
178.8%
MAS
US$79.72
Masco
7D
7.2%
1Y
25.1%
Analysis Article • Jun 21

Masco (MAS) Stock Could Be 18.8% Undervalued After Earnings Beat

Masco (MAS) is back in focus after reporting earnings that exceeded market expectations, drawing attention to its diversified home improvement portfolio and relatively resilient performance compared with other homebuilding and construction supplies companies. See our latest analysis for Masco. Masco’s recent earnings surprise has arrived alongside firm positive momentum, with a 30 day share price return of 10.59% and a 90 day share price return of 23.80%. The 1 year total shareholder return...
AAON
US$133.26
AAON
7D
-2.5%
1Y
83.9%
Seeking Alpha • Jun 19

AAON: The AI Cooling Compounder Is Still Early

Summary AAON is transitioning from a niche HVAC manufacturer to a critical AI data center thermal infrastructure supplier, driven by its BASX acquisition. BASX-branded backlog surged 160% year-over-year to $1.62B, positioning AAON for rapid revenue growth and a new long-term earnings base. Management raised 2026 revenue growth guidance to 40%-45% and gross margin to 27%-28%, despite near-term margin pressure from capacity expansion. I assign AAON a strong buy rating, citing robust demand visibility, a capacity-driven moat, and a compelling AI infrastructure growth thesis. Read the full article on Seeking Alpha
CARR
US$76.00
Carrier Global
7D
5.8%
1Y
4.7%
Analysis Article • Jun 19

Carrier Global (CARR) Stock Could Be 5.9% Undervalued After Europe Leadership Change

Carrier Global (CARR) is drawing attention after announcing a leadership transition in its Climate Solutions Europe segment, with Thomas Donato taking over as president from long-serving executive Thomas Heim. See our latest analysis for Carrier Global. Carrier Global's recent leadership change in Climate Solutions Europe lands at a time when the stock has strong short term momentum, with a 30 day share price return of 16.88% and a year to date share price return of 34.17%, alongside a 5 year...
WXM
US$4.60
WF International
7D
-5.2%
1Y
-81.8%
APT
US$5.15
Alpha Pro Tech
7D
-5.2%
1Y
8.6%
NCL
US$0.16
Northann
7D
-8.6%
1Y
-88.5%
TGEN
US$5.20
Tecogen
7D
-13.8%
1Y
-30.6%