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U.S. Building Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies51
  • 7D3.0%
  • 3M12.6%
  • 1Y15.6%
  • YTD15.6%

In the last week, the Building industry is up 3.0%, with Trane Technologies up 5.5%. This means that the industry has gained 16% over the past year. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Jun 2026US$447.8bUS$161.9bUS$11.3b21.1x39.7x2.8x
Wed, 20 May 2026US$417.3bUS$162.9bUS$11.4b19.7x36.7x2.6x
Fri, 17 Apr 2026US$400.6bUS$158.6bUS$11.8b20.7x33.9x2.5x
Sun, 15 Mar 2026US$378.5bUS$158.6bUS$11.9b20.8x31.8x2.4x
Tue, 10 Feb 2026US$431.1bUS$164.1bUS$11.7b22.8x36.8x2.6x
Thu, 08 Jan 2026US$368.6bUS$163.6bUS$11.6b19.8x31.9x2.3x
Sat, 06 Dec 2025US$373.3bUS$163.6bUS$11.2b19.6x33.2x2.3x
Mon, 03 Nov 2025US$390.7bUS$160.8bUS$12.3b21.2x31.8x2.4x
Wed, 01 Oct 2025US$384.3bUS$160.9bUS$12.5b21.7x30.7x2.4x
Fri, 29 Aug 2025US$405.9bUS$160.7bUS$12.8b23.4x31.6x2.5x
Sun, 27 Jul 2025US$430.0bUS$162.1bUS$14.1b21.3x30.5x2.7x
Tue, 24 Jun 2025US$394.8bUS$163.5bUS$14.0b20.2x28.2x2.4x
Thu, 22 May 2025US$404.2bUS$163.4bUS$14.0b21.5x28.8x2.5x
Sat, 19 Apr 2025US$341.4bUS$162.7bUS$13.4b18.7x25.5x2.1x
Mon, 17 Mar 2025US$359.0bUS$162.7bUS$13.4b19.5x26.8x2.2x
Wed, 12 Feb 2025US$391.9bUS$162.1bUS$14.1b20.6x27.8x2.4x
Fri, 10 Jan 2025US$391.2bUS$163.6bUS$14.3b20.6x27.3x2.4x
Sun, 08 Dec 2024US$430.6bUS$162.3bUS$14.3b22.8x30.1x2.7x
Tue, 05 Nov 2024US$403.7bUS$166.0bUS$14.8b21.9x27.3x2.4x
Thu, 03 Oct 2024US$424.9bUS$164.3bUS$16.4b22.6x25.9x2.6x
Sat, 31 Aug 2024US$388.7bUS$164.3bUS$16.4b21.5x23.7x2.4x
Mon, 29 Jul 2024US$386.9bUS$163.7bUS$16.5b21.5x23.5x2.4x
Wed, 26 Jun 2024US$372.2bUS$162.7bUS$14.3b20x26x2.3x
Fri, 24 May 2024US$382.2bUS$163.8bUS$14.3b21.1x26.6x2.3x
Sun, 21 Apr 2024US$352.4bUS$165.2bUS$14.7b22.5x23.9x2.1x
Tue, 19 Mar 2024US$365.3bUS$166.7bUS$14.8b23.1x24.6x2.2x
Thu, 15 Feb 2024US$341.7bUS$168.2bUS$14.9b20.9x22.9x2x
Sat, 13 Jan 2024US$330.5bUS$175.3bUS$14.8b19.5x22.3x1.9x
Mon, 11 Dec 2023US$313.4bUS$175.2bUS$15.0b18.3x20.9x1.8x
Wed, 08 Nov 2023US$281.1bUS$175.7bUS$14.2b17.1x19.9x1.6x
Fri, 06 Oct 2023US$266.0bUS$171.9bUS$14.8b16.6x17.9x1.5x
Sun, 03 Sep 2023US$294.8bUS$171.9bUS$14.8b17.7x19.9x1.7x
Tue, 01 Aug 2023US$300.1bUS$174.7bUS$14.8b17.1x20.3x1.7x
Thu, 29 Jun 2023US$277.5bUS$174.0bUS$15.2b16.3x18.2x1.6x
Price to Earnings Ratio

18.2x


Total Market Cap: US$277.5bTotal 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 39.7x which is higher than its 3-year average PE of 27.2x.
  • The 3-year average PS ratio of 2.2x 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 9.5% 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 Market1.40%
Industrials2.54%
Building3.02%
Building Products3.02%
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$483.402.3%
+US$2.4b		13.2%PE36.4x
WMS Advanced Drainage SystemsUS$147.127.6%
+US$791.2m		25.8%PE26.4x
MOD Modine ManufacturingUS$297.374.1%
+US$615.3m		206.0%PE129.3x
CARR Carrier GlobalUS$71.811.0%
+US$564.8m		0.04%PE46.5x
AAON AAONUS$136.724.2%
+US$447.2m		88.7%PE94.8x

Latest News

OC
US$128.14
Owens Corning
7D
3.8%
1Y
-5.4%
TT
US$483.40
Trane Technologies
7D
2.3%
1Y
13.2%
Seeking Alpha • Jun 21

Trane Technologies: Why I'm Buying The Premium

Summary I give Trane Technologies a Buy rating with a $571 price target, implying 21% upside, from the current price level of $472. My main growth drivers are commercial HVAC and Stellar Energy, services and aftermarket revenue, and a recovery in residential HVAC and transport refrigeration. I estimate $3.17 incremental EPS from these growth drivers. This leads to a 2028 adjusted EPS estimate of $18.02. I arrive at my price target by assigning a FWD non-GAAP P/E of 31.71x to my estimated EPS of $18.02. The biggest risks are valuation compression, slower project conversion, margin pressure, and weaker cyclical recovery, but I believe TT’s service mix and demand visibility still support the Buy case. Read the full article on Seeking Alpha
WMS
US$147.12
Advanced Drainage Systems
7D
7.6%
1Y
25.8%
Analysis Article • Jun 20

Advanced Drainage Systems (WMS) Stock Could Be 18% Undervalued After Investor Day

Advanced Drainage Systems (WMS) recently used its 2026 Investor Day to outline a fiscal 2030 outlook, realign operations around Stormwater and Wastewater segments, and explain how data center demand is shaping its water infrastructure focus. See our latest analysis for Advanced Drainage Systems. Advanced Drainage Systems’ recent Investor Day and the earlier acquisition of National Diversified Sales have coincided with a 1-year total shareholder return of 29.31%. The 30-day share price return...
AOS
US$58.22
A. O. Smith
7D
-3.0%
1Y
-9.2%
Analysis Article • Jun 19

A. O. Smith (AOS) Stock Could Be 18% Undervalued After Zacks Strong Sell Downgrade

A. O. Smith (AOS) has just been added to the Zacks Rank #5 (Strong Sell) list after a downward revision to its current year earnings estimate, which is putting fresh focus on how the stock’s outlook is changing. See our latest analysis for A. O. Smith. At a share price of $58.22, A. O. Smith has seen its 1 month share price return of 4.06% partially offset a weaker pattern, with the 90 day share price return down 9.16% and the 1 year total shareholder return down 5.76%, which points to fading...
CSL
US$360.96
Carlisle Companies
7D
2.1%
1Y
-0.9%
Analysis Article • Jun 19

Carlisle Companies (CSL) Stock Could Be 12% Undervalued As Buy Signals Build

Carlisle Companies (CSL) is drawing fresh attention after a combination of strong buy analyst consensus, positive technical signals, and a recent quarter that showed declines in both revenue and net profit. See our latest analysis for Carlisle Companies. At a share price of US$360.96, Carlisle Companies has logged a 10.8% 1 month share price return and a 10.2% 3 month share price return, while its 5 year total shareholder return of 102.1% points to meaningfully stronger gains over the longer...
BLDR
US$80.59
Builders FirstSource
7D
3.6%
1Y
-32.4%
Analysis Article • Jun 19

Builders FirstSource (BLDR) Stock Could Be 18% Undervalued After Its Recent Rebound

Builders FirstSource (BLDR) has drawn fresh attention after a recent share move, with the stock up 6% over the past day and 2.6% over the past week, prompting closer scrutiny from investors. See our latest analysis for Builders FirstSource. The latest move sits within a mixed picture for Builders FirstSource, with a 21.4% 1‑month share price return contrasting with a decline of 23.0% year to date and a 24.6% drop in the 1‑year total shareholder return. This suggests short term momentum...
AAON
US$136.72
AAON
7D
4.2%
1Y
88.7%
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$71.81
Carrier Global
7D
1.0%
1Y
0.04%
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...
MAIR
US$38.13
Madison Air Solutions
7D
-2.0%
1Y
n/a
IIIN
US$29.09
Insteel Industries
7D
-0.3%
1Y
-19.3%
MOD
US$297.37
Modine Manufacturing
7D
4.1%
1Y
206.0%
GFF
US$91.13
Griffon
7D
-3.8%
1Y
28.8%
FBIN
US$42.40
Fortune Brands Innovations
7D
-1.4%
1Y
-17.6%
Narrative Update • Jun 16

FBIN: Reset Expectations And Governance Reforms Will Support Future Share Price Rerating

The analyst price target for Fortune Brands Innovations has been revised lower to $62.65 from $68.00, reflecting a series of target cuts from firms such as JPMorgan, Barclays, UBS, Baird, BMO Capital, BofA, and Evercore ISI, as analysts factor in updated assumptions for growth, margins, discount rate, and future P/E. Analyst Commentary Recent research on Fortune Brands Innovations stock points to a period of recalibration, with firms such as JPMorgan adjusting price targets to reflect updated views on growth, profitability, and valuation.
JCI
US$144.82
Johnson Controls International
7D
-0.8%
1Y
40.1%
Narrative Update • Jun 15

JCI: Data Center Cooling And Operational Revamp Will Drive Future Upside

The Analyst Price Target for Johnson Controls International has been adjusted from $177 to $180. Analysts point to data center related demand for chillers, ongoing operational changes, and potential capital actions in the fire and security segment as key drivers of their updated view.
ALLE
US$133.57
Allegion
7D
-0.1%
1Y
-6.2%
MBC
US$9.06
MasterBrand
7D
-1.2%
1Y
-14.4%