Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Building Industry Analysis

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies52
  • 7D2.0%
  • 3M1.3%
  • 1Y21.0%
  • YTD1.4%

In the last week, the Building industry is up 2.0%, with Trane Technologies up 5.7%. In the last 12 months, the industry was up 21%. Looking forward, 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
Mon, 06 Apr 2026US$378.1bUS$158.6bUS$11.8b19.4x32x2.4x
Wed, 04 Mar 2026US$428.3bUS$158.6bUS$12.0b22.3x35.8x2.7x
Fri, 30 Jan 2026US$380.2bUS$163.8bUS$11.5b21.1x33x2.3x
Sun, 28 Dec 2025US$373.2bUS$163.6bUS$11.6b19.4x32.3x2.3x
Tue, 25 Nov 2025US$356.8bUS$161.0bUS$11.1b17.3x32.2x2.2x
Thu, 23 Oct 2025US$391.6bUS$161.0bUS$12.6b19.7x31.1x2.4x
Sat, 20 Sep 2025US$389.0bUS$160.9bUS$12.5b22.8x31x2.4x
Mon, 18 Aug 2025US$396.2bUS$160.7bUS$12.9b22.9x30.8x2.5x
Wed, 16 Jul 2025US$408.4bUS$162.0bUS$14.1b20.5x29.1x2.5x
Fri, 13 Jun 2025US$395.4bUS$163.5bUS$14.0b21.7x28.2x2.4x
Sun, 11 May 2025US$385.9bUS$163.4bUS$14.0b21.3x27.5x2.4x
Tue, 08 Apr 2025US$328.9bUS$162.6bUS$13.4b18.1x24.6x2x
Thu, 06 Mar 2025US$354.7bUS$162.5bUS$13.4b19.9x26.4x2.2x
Sat, 01 Feb 2025US$394.2bUS$164.2bUS$14.5b20.4x27.3x2.4x
Mon, 30 Dec 2024US$391.5bUS$163.6bUS$14.3b21.4x27.3x2.4x
Wed, 27 Nov 2024US$442.2bUS$162.3bUS$14.3b22.5x31x2.7x
Fri, 25 Oct 2024US$420.1bUS$165.6bUS$14.7b22.9x28.6x2.5x
Sun, 22 Sep 2024US$418.2bUS$164.3bUS$16.4b22x25.5x2.5x
Tue, 20 Aug 2024US$374.6bUS$164.4bUS$16.4b20.7x22.8x2.3x
Thu, 18 Jul 2024US$397.1bUS$162.7bUS$14.2b22.2x27.9x2.4x
Sat, 15 Jun 2024US$374.3bUS$162.7bUS$14.3b20.1x26.2x2.3x
Mon, 13 May 2024US$380.2bUS$166.5bUS$14.5b21.7x26.2x2.3x
Wed, 10 Apr 2024US$376.0bUS$165.2bUS$14.7b23.2x25.6x2.3x
Fri, 08 Mar 2024US$368.7bUS$166.7bUS$14.8b23.1x24.9x2.2x
Sun, 04 Feb 2024US$343.3bUS$175.8bUS$15.4b20.1x22.3x2x
Tue, 02 Jan 2024US$333.6bUS$175.3bUS$14.8b20.4x22.5x1.9x
Thu, 30 Nov 2023US$293.4bUS$175.3bUS$15.0b16.9x19.5x1.7x
Sat, 28 Oct 2023US$257.6bUS$176.9bUS$14.3b16.4x18x1.5x
Mon, 25 Sep 2023US$270.3bUS$171.9bUS$14.8b16.7x18.2x1.6x
Wed, 23 Aug 2023US$278.7bUS$171.9bUS$14.8b17.1x18.8x1.6x
Fri, 21 Jul 2023US$291.9bUS$174.1bUS$15.2b16.7x19.2x1.7x
Sun, 18 Jun 2023US$268.0bUS$174.0bUS$15.2b15.7x17.6x1.5x
Tue, 16 May 2023US$250.5bUS$174.1bUS$15.2b14.6x16.5x1.4x
Thu, 13 Apr 2023US$239.2bUS$175.5bUS$16.6b13.5x14.4x1.4x
Price to Earnings Ratio

14.4x


Total Market Cap: US$239.2bTotal Earnings: US$16.6bTotal Revenue: US$175.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Building Industry Price to Earnings3Y Average 25.7x202420252026
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 32.0x which is higher than its 3-year average PE of 25.7x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.4x.
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 Market3.46%
Industrials2.97%
Building2.02%
Building Products2.02%
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$427.075.7%
+US$5.1b		35.1%PE32x
JCI Johnson Controls InternationalUS$132.975.0%
+US$3.9b		84.6%PE42.5x
CARR Carrier GlobalUS$55.712.5%
+US$1.1b		-2.0%PE32x
MOD Modine ManufacturingUS$219.328.5%
+US$903.8m		201.8%PE118.3x
WMS Advanced Drainage SystemsUS$137.674.7%
+US$483.7m		37.6%PE22.8x

Latest News

JCI
US$132.97
Johnson Controls International
7D
5.0%
1Y
84.6%

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.
TT
US$427.07
Trane Technologies
7D
5.7%
1Y
35.1%

TT: AI Thermal Management And Cold Climate Solutions Will Support Stronger Long-Term Outlook

Analysts have slightly reduced their price target for Trane Technologies by about $0.14 per share, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. What's in the News Trane Technologies completed all required U.S. Department of Energy laboratory testing for its 10-14 ton and 15-25 ton rooftop units in the Commercial Building HVAC Technology Challenge and moved into field trials at two sites in Illinois and Wisconsin, aimed at validating performance, reliability, and energy savings (Key Developments).
WMS
US$137.67
Advanced Drainage Systems
7D
4.7%
1Y
37.6%

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$81.36
AAON
7D
4.0%
1Y
9.2%
LII
US$454.64
Lennox International
7D
2.4%
1Y
-13.3%

LII: Future Cash Generation From M&A And Buybacks Will Drive Upside

Analysts have revised their price target for Lennox International to $645, down from $667, after updating their assumptions regarding discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Lennox issued earnings guidance for 2030, with revenue expected in a range of $6.5b to $7.5b.
JBI
US$4.92
Janus International Group
7D
-0.4%
1Y
-28.5%
REZI
US$34.64
Resideo Technologies
7D
6.2%
1Y
121.1%

REZI: Execution Progress Into 2026 Will Drive Bullish Repricing

Analysts have lifted their fair value estimate for Resideo Technologies from $45 to $49, citing updated assumptions on growth, profitability and valuation following a better than feared Q4 report and FY26 outlook that left them feeling incrementally more confident in execution. Analyst Commentary Bullish Takeaways Bullish analysts see the higher fair value range, with some targets cited at around $49 to $50, as supported by updated assumptions after the recent Q4 report and FY26 outlook.
MBC
US$8.01
MasterBrand
7D
-2.4%
1Y
-32.2%
CARR
US$55.71
Carrier Global
7D
2.5%
1Y
-2.0%

CARR: Data Center Cooling And AI Tools Will Drive Future Repricing

Analysts have nudged their price targets for Carrier Global slightly higher, with the updated fair value estimate moving by about $0.05 per share as they factor in modestly adjusted growth, margin and P/E assumptions following a series of recent target changes across the Street. Analyst Commentary Recent Street research on Carrier Global highlights a mix of optimism around long term execution and pockets of caution around valuation and near term assumptions.
MOD
US$219.32
Modine Manufacturing
7D
8.5%
1Y
201.8%

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.
AMWD
US$38.27
American Woodmark
7D
-3.2%
1Y
-31.3%

AMWD: Pending MasterBrand Deal And Buybacks Will Support Future Upside

Analysts have adjusted the price target framework for American Woodmark, with recent moves to Neutral ratings and targets of $54 and $60. This has prompted a modest reset in the assumed future P/E multiple, while fair value remains anchored around $59.
ROCK
US$38.89
Gibraltar Industries
7D
-1.5%
1Y
-24.4%

ROCK: Lowered 2025 Outlook Will Set Stage For 2026 Earnings Rebound

Analysts have maintained their fair value estimate for Gibraltar Industries at $72.00, with only marginal adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. This signals a stable overall view of the stock's outlook.
BNC
US$2.69
CEA Industries
7D
-5.9%
1Y
-66.6%
SSD
US$166.30
Simpson Manufacturing
7D
-0.5%
1Y
15.8%

SSD: Higher Future P E Assumptions Will Drive Return Potential

Analysts have raised their price targets on Simpson Manufacturing by $10 to $13, citing updated assumptions for the discount rate, profit margin, and future P/E that contribute to a revised view of fair value. Analyst Commentary Recent price target moves around Simpson Manufacturing reflect a reset in assumptions on the discount rate, profit margins, and future P/E, rather than any single new data point.
ALLE
US$141.06
Allegion
7D
-1.3%
1Y
16.8%

ALLE: Margin Strength And AI Demand Will Support 2026 Outlook

Narrative Update Allegion's analyst price target has been nudged lower to a range centered around about $178, reflecting modest reductions from prior targets of $180 to $190 as analysts factor in near term margin pressure in the Americas, partially offset by margin strength and a firmer demand outlook tied to artificial intelligence orders. Analyst Commentary Recent research has focused on Allegion's margin profile and demand outlook, with price targets clustered in the mid to high $170s.
APT
US$4.44
Alpha Pro Tech
7D
-2.6%
1Y
3.3%