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U.S. Building Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies53
  • 7D0.7%
  • 3M-2.6%
  • 1Y1.5%
  • YTD0.8%

Last week, the Building industry hasn't moved much but Builders FirstSource is up 14% in that time. Furthermore, the industry has been flat for the past year as well. 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
Tue, 13 Jan 2026US$376.6bUS$163.6bUS$11.6b21.7x32.6x2.3x
Thu, 11 Dec 2025US$368.9bUS$163.6bUS$11.2b19.8x32.8x2.3x
Sat, 08 Nov 2025US$381.4bUS$157.7bUS$11.8b19.9x32.5x2.4x
Mon, 06 Oct 2025US$390.9bUS$160.9bUS$12.5b22.4x31.2x2.4x
Wed, 03 Sep 2025US$397.4bUS$160.7bUS$12.8b22.9x30.9x2.5x
Fri, 01 Aug 2025US$401.9bUS$163.0bUS$14.1b21.1x28.4x2.5x
Sun, 29 Jun 2025US$401.2bUS$163.5bUS$14.0b20.7x28.7x2.5x
Tue, 27 May 2025US$391.2bUS$163.4bUS$14.0b21.2x27.9x2.4x
Thu, 24 Apr 2025US$340.8bUS$162.7bUS$13.4b19x25.4x2.1x
Sat, 22 Mar 2025US$363.2bUS$162.7bUS$13.4b19.7x27.1x2.2x
Mon, 17 Feb 2025US$390.8bUS$162.1bUS$14.1b20.7x27.8x2.4x
Wed, 15 Jan 2025US$396.3bUS$163.6bUS$14.3b20.6x27.7x2.4x
Fri, 13 Dec 2024US$425.9bUS$162.3bUS$14.3b22.2x29.8x2.6x
Sun, 10 Nov 2024US$430.8bUS$162.4bUS$14.3b21.9x30.2x2.7x
Tue, 08 Oct 2024US$422.1bUS$164.3bUS$16.4b22.6x25.7x2.6x
Thu, 05 Sep 2024US$380.1bUS$164.3bUS$16.4b20.8x23.1x2.3x
Sat, 03 Aug 2024US$382.2bUS$164.4bUS$16.6b20.6x23x2.3x
Mon, 01 Jul 2024US$362.6bUS$162.7bUS$14.3b20.1x25.4x2.2x
Wed, 29 May 2024US$385.6bUS$163.8bUS$14.3b20.7x26.9x2.4x
Fri, 26 Apr 2024US$364.6bUS$166.1bUS$14.6b21.2x25x2.2x
Sun, 24 Mar 2024US$378.0bUS$166.7bUS$14.8b24.2x25.5x2.3x
Tue, 20 Feb 2024US$346.8bUS$168.2bUS$14.9b21x23.3x2.1x
Thu, 18 Jan 2024US$326.5bUS$175.3bUS$14.8b19.2x22x1.9x
Sat, 16 Dec 2023US$326.2bUS$175.3bUS$14.8b19.3x22x1.9x
Mon, 13 Nov 2023US$285.7bUS$175.4bUS$14.2b16.6x20.1x1.6x
Wed, 11 Oct 2023US$273.2bUS$171.9bUS$14.8b17x18.4x1.6x
Fri, 08 Sep 2023US$284.9bUS$171.9bUS$14.8b16.5x19.2x1.7x
Sun, 06 Aug 2023US$294.2bUS$172.1bUS$14.8b17.5x19.8x1.7x
Tue, 04 Jul 2023US$281.6bUS$174.0bUS$15.2b16.6x18.5x1.6x
Thu, 01 Jun 2023US$239.4bUS$174.0bUS$15.2b13.9x15.7x1.4x
Sat, 29 Apr 2023US$246.0bUS$175.9bUS$15.6b15.1x15.8x1.4x
Mon, 27 Mar 2023US$237.0bUS$175.5bUS$16.7b13.3x14.2x1.4x
Wed, 22 Feb 2023US$247.8bUS$175.6bUS$16.7b14.4x14.9x1.4x
Fri, 20 Jan 2023US$236.6bUS$176.3bUS$17.3b13.8x13.7x1.3x
Price to Earnings Ratio

13.7x


Total Market Cap: US$236.6bTotal Earnings: US$17.3bTotal Revenue: US$176.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Building Industry Price to Earnings3Y Average 24.2x202420252026
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 32.6x which is higher than its 3-year average PE of 24.2x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Building industry have declined 13% per year over the last three years,
  • Revenues have also declined 2.5% 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 Market0.88%
Industrials2.09%
Building0.65%
Building Products0.65%
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
BLDR Builders FirstSourceUS$124.0814.4%
+US$1.7b		-15.3%PE23.1x
CARR Carrier GlobalUS$55.383.0%
+US$1.3b		-17.5%PE33.8x
LII Lennox InternationalUS$533.255.8%
+US$1.0b		-13.8%PE22.2x
FBIN Fortune Brands InnovationsUS$59.3015.9%
+US$979.1m		-16.3%PE21.8x
CSL Carlisle CompaniesUS$356.227.0%
+US$967.5m		-4.5%PE19.3x

Latest News

MOD
US$127.07
Modine Manufacturing
7D
-2.2%
1Y
1.9%
TREX
US$42.20
Trex Company
7D
12.6%
1Y
-38.9%
CARR
US$55.21
Carrier Global
7D
3.2%
1Y
-19.3%
FBIN
US$59.49
Fortune Brands Innovations
7D
11.6%
1Y
-18.0%
MAS
US$69.85
Masco
7D
5.8%
1Y
-7.9%
CSL
US$356.42
Carlisle Companies
7D
6.1%
1Y
-6.7%

CSL: Share Repurchases And Flat 2025 Outlook Will Shape Future Returns

Analysts have kept their price target for Carlisle Companies steady at approximately US$369.50, citing only minor tweaks to discount rate, revenue growth, profit margin, and forward P/E assumptions that do not materially change their overall view. What's in the News Carlisle Companies reported that from July 1, 2025 to September 30, 2025, it repurchased 800,000 shares for US$296.04 million, equal to 1.88% of its shares.
ZWS
US$46.16
Zurn Elkay Water Solutions
7D
-0.4%
1Y
23.7%

ZWS: Tariff Pricing And Capital Returns Will Shape Balanced Prospects Ahead

Narrative Update The analyst price target for Zurn Elkay Water Solutions has been adjusted slightly lower, from US$51.25 to US$51.00, as analysts factor in updated assumptions on margins and future P/E, alongside recent research that highlights revised sales growth frameworks and tariff driven pricing support. Analyst Commentary Recent Street research reflects a mix of optimism and caution on Zurn Elkay Water Solutions, with updated price targets and refreshed views on sales growth and tariff driven pricing.
APOG
US$34.65
Apogee Enterprises
7D
-7.1%
1Y
-34.7%

APOG: Performance Surfaces Strength And Buybacks Will Support Future Upside

Analysts have lowered their fair value estimate for Apogee Enterprises from $45 to $40, citing updated assumptions for revenue growth, margins, discount rate and future P/E. This comes even as recent research highlights potential support from Performance Surfaces momentum and ongoing buybacks.
ALLE
US$161.69
Allegion
7D
-0.09%
1Y
24.6%

ALLE: Connected Access And AI Demand Will Drive Strong 2025 Returns

Analysts have trimmed their price target on Allegion to about $181.55 from $182.18, reflecting slightly adjusted assumptions on fair value, discount rate, revenue growth, profit margin and future P/E following recent multi industry group updates. Analyst Commentary Recent research suggests that the modest trim in Allegion's price target is more of a fine tuning exercise than a major reset, with analysts updating their models after broader multi industry reviews and factoring in sector wide demand signals.
TT
US$391.08
Trane Technologies
7D
2.6%
1Y
2.2%

TT: AI Building Decarbonization And Data Center Cooling Will Support Future Upside

Analysts now see slightly less upside for Trane Technologies, trimming their fair value estimate from about US$482.28 to around US$479.91, citing updated views on the discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Trane Technologies and Amazon reported results from an AI powered building decarbonization project using BrainBox AI and AWS.
BLDR
US$124.86
Builders FirstSource
7D
12.2%
1Y
-19.1%

BLDR: Lowered Margin Outlook And Cycle Trough Multiples Will Shape 2026 Rebound Potential

Narrative Update: Builders FirstSource The analyst price target for Builders FirstSource has moved lower, with the fair value estimate shifting from about $118 to roughly $103. Analysts are factoring in updated views on margin expectations, a higher discount rate, and valuation multiples, while also referencing stabilized margins, bottoming fundamentals, and recent Street targets of $143 and $138.
JCI
US$112.09
Johnson Controls International
7D
-1.6%
1Y
39.7%

JCI: Applied HVAC Cycle And AI Projects Will Support Future Upside

Analysts have nudged their fair value estimate for Johnson Controls International higher from US$130.00 to US$148.00, citing updated research that points to resilient applied HVAC demand, supportive artificial intelligence related orders, and recent price target raises across the Street. Analyst Commentary Recent Street research around Johnson Controls International has tilted more constructive, with several bullish analysts adjusting their fair value work higher and framing the recent share pullback as an opportunity rather than a signal of weakening fundamentals.
BNC
US$5.59
CEA Industries
7D
-14.1%
1Y
-30.1%
WMS
US$157.16
Advanced Drainage Systems
7D
5.1%
1Y
32.2%

WMS: End Market Outperformance And Price Cost Discipline Will Sustain Margin Resilience

Narrative Update on Advanced Drainage Systems We are lifting our analyst price target on Advanced Drainage Systems by about $1 to $173, reflecting incremental adjustments to our fair value and P/E assumptions in line with recent analyst research that cites stronger end market performance, solid FY26 EBITDA results, and upward price target revisions from multiple firms. Analyst Commentary Recent Street research on Advanced Drainage Systems has tilted constructive, with several bullish analysts lifting their price targets after reviewing the latest earnings and outlook.
NCL
US$0.19
Northann
7D
-31.6%
1Y
-92.7%
JCTC
US$2.33
Jewett-Cameron Trading
7D
-7.9%
1Y
-55.9%