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U.S. Building Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies52
  • 7D7.7%
  • 3M8.7%
  • 1Y26.1%
  • YTD9.1%

The Building industry is up 7.7% in the last week, with Trane Technologies up 7.7%. In the last 12 months, the industry was up 26%. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026US$396.8bUS$158.6bUS$11.8b21.1x33.6x2.5x
Mon, 09 Mar 2026US$388.5bUS$158.6bUS$11.9b21.3x32.6x2.5x
Wed, 04 Feb 2026US$396.9bUS$163.8bUS$11.5b21.5x34.4x2.4x
Fri, 02 Jan 2026US$366.8bUS$163.6bUS$11.6b19.2x31.7x2.2x
Sun, 30 Nov 2025US$370.7bUS$160.9bUS$11.1b19x33.5x2.3x
Tue, 28 Oct 2025US$387.9bUS$161.0bUS$12.6b19.9x30.8x2.4x
Thu, 25 Sep 2025US$385.8bUS$160.9bUS$12.5b22.1x30.8x2.4x
Sat, 23 Aug 2025US$394.6bUS$160.7bUS$12.9b23.6x30.7x2.5x
Mon, 21 Jul 2025US$409.7bUS$162.0bUS$14.1b21.1x29.1x2.5x
Wed, 18 Jun 2025US$392.3bUS$163.5bUS$14.0b20.2x28x2.4x
Fri, 16 May 2025US$400.2bUS$163.4bUS$14.0b21.9x28.6x2.4x
Sun, 13 Apr 2025US$345.6bUS$162.6bUS$13.4b18.9x25.8x2.1x
Tue, 11 Mar 2025US$365.0bUS$162.5bUS$13.4b19x27.2x2.2x
Thu, 06 Feb 2025US$381.1bUS$164.4bUS$14.5b19.8x26.3x2.3x
Sat, 04 Jan 2025US$386.8bUS$163.6bUS$14.3b20.9x27x2.4x
Mon, 02 Dec 2024US$437.7bUS$162.3bUS$14.3b22.4x30.6x2.7x
Wed, 30 Oct 2024US$416.4bUS$165.4bUS$14.6b21.7x28.4x2.5x
Fri, 27 Sep 2024US$418.8bUS$164.3bUS$16.4b22.6x25.5x2.5x
Sun, 25 Aug 2024US$393.6bUS$164.4bUS$16.4b21.2x23.9x2.4x
Tue, 23 Jul 2024US$378.3bUS$162.7bUS$14.2b21.9x26.6x2.3x
Thu, 20 Jun 2024US$377.7bUS$162.7bUS$14.3b20.7x26.4x2.3x
Sat, 18 May 2024US$375.3bUS$163.8bUS$14.4b20.9x26.1x2.3x
Mon, 15 Apr 2024US$365.2bUS$165.2bUS$14.7b22.9x24.8x2.2x
Wed, 13 Mar 2024US$360.6bUS$166.7bUS$14.8b23.1x24.3x2.2x
Fri, 09 Feb 2024US$341.3bUS$168.2bUS$14.9b20.9x22.9x2x
Sun, 07 Jan 2024US$327.2bUS$175.3bUS$14.8b20.4x22.1x1.9x
Tue, 05 Dec 2023US$304.3bUS$175.2bUS$15.0b17.9x20.3x1.7x
Thu, 02 Nov 2023US$268.9bUS$175.7bUS$14.2b16.5x19x1.5x
Sat, 30 Sep 2023US$274.8bUS$171.9bUS$14.8b16.8x18.5x1.6x
Mon, 28 Aug 2023US$280.7bUS$171.9bUS$14.8b17.2x19x1.6x
Wed, 26 Jul 2023US$292.8bUS$174.2bUS$15.2b16.6x19.3x1.7x
Fri, 23 Jun 2023US$272.7bUS$174.0bUS$15.2b15.8x17.9x1.6x
Sun, 21 May 2023US$251.0bUS$174.0bUS$15.2b14.6x16.5x1.4x
Tue, 18 Apr 2023US$242.7bUS$175.5bUS$16.7b13.3x14.6x1.4x
Price to Earnings Ratio

14.6x


Total Market Cap: US$242.7bTotal Earnings: US$16.7bTotal Revenue: US$175.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Building Industry Price to Earnings3Y Average 25.8x202420252026
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 33.6x which is higher than its 3-year average PE of 25.8x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Building industry have declined 11% per year over the last three years,
  • Revenues have also declined 3.3% 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 Market3.43%
Industrials5.01%
Building7.65%
Building Products7.65%
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$465.719.0%
+US$8.6b		34.7%PE34.9x
CARR Carrier GlobalUS$63.3413.7%
+US$6.4b		6.9%PE36.4x
JCI Johnson Controls InternationalUS$142.537.2%
+US$5.9b		83.4%PE45.6x
LII Lennox InternationalUS$505.3111.1%
+US$1.8b		-8.9%PE21.8x
MOD Modine ManufacturingUS$241.4610.1%
+US$1.2b		215.0%PE130.2x

Latest News

JELD
US$1.05
JELD-WEN Holding
7D
-4.5%
1Y
-80.0%
CARR
US$63.34
Carrier Global
7D
13.7%
1Y
6.9%
TT
US$465.71
Trane Technologies
7D
9.0%
1Y
34.7%
TGLS
US$43.59
Tecnoglass
7D
-0.4%
1Y
-38.9%

TGLS: Share Repurchases And 2026 Margin Profile Will Support Future Returns

Analysts have trimmed their price target on Tecnoglass to $65 from $66.25, citing higher aluminum costs and the stronger peso now reflected in longer term forecasts, while still pointing to what they see as an attractive setup into 2026. Analyst Commentary Recent Street research on Tecnoglass centers on cost inflation, currency moves and how these feed into earnings expectations through 2026.
LII
US$505.31
Lennox International
7D
11.1%
1Y
-8.9%
JCI
US$142.53
Johnson Controls International
7D
7.2%
1Y
83.4%

JCI: HVAC Supercycle Reliance Will Challenge Shares If Data Center Cooling Shifts

Analysts have modestly raised the blended price target and fair value estimate for Johnson Controls, with the fair value moving from $113.27 to $114.40, as they refresh forecasts following recent earnings updates and a series of upward price target revisions across major firms. Analyst Commentary Recent research updates around Johnson Controls cluster around higher price targets and refreshed earnings estimates following the latest results.
MAS
US$62.97
Masco
7D
6.5%
1Y
1.7%

MAS: Future Returns Will Rely On Margins And Aggressive Share Repurchases

Analysts have raised Masco's fair value estimate from $64.00 to $69.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E expectations. What's in the News Masco is no longer included in the FTSE All-World Index (USD) following its removal as an index constituent (Index Constituent Drops).
WMS
US$147.18
Advanced Drainage Systems
7D
6.9%
1Y
39.3%

WMS: Buyback Expansion And Earnings Framework Will Support Higher Future P E Multiple

Advanced Drainage Systems' updated analyst price target now sits at $197.20, with recent target increases from several firms generally linked by analysts to consistent assumptions around revenue growth, profit margins and future P/E expectations, despite a slightly higher discount rate. Analyst Commentary Recent Street research on Advanced Drainage Systems clusters around a series of higher price targets, including one move to $197 from $183.
AAON
US$93.17
AAON
7D
14.5%
1Y
10.7%
TGEN
US$2.85
Tecogen
7D
-2.4%
1Y
54.9%

AI Data Center Cooling Risks May Dominate Before Long Term Benefits Emerge

Catalysts About Tecogen Tecogen designs and manufactures chillers, cogeneration units and related services for applications such as data centers, buildings and industrial facilities. What are the underlying business or industry changes driving this perspective?
MOD
US$241.46
Modine Manufacturing
7D
10.1%
1Y
215.0%

MOD: Data Center Cooling Exposure Will Drive Future AI Infrastructure Upside

Analysts have lifted their price target on Modine Manufacturing to $263, pointing to the company’s position as a one stop provider of thermal solutions for data center cooling and refrigeration and their expectations for strong growth in its data center revenue and EBITDA margins. Analyst Commentary Recent research points to a constructive stance on Modine Manufacturing, with several firms adjusting targets higher and one initiating coverage at a price target of $263.
BNC
US$2.62
CEA Industries
7D
-2.6%
1Y
-70.2%