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U.S. Building Industry Analysis

UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies49
  • 7D-1.3%
  • 3M14.2%
  • 1Y20.1%
  • YTD15.2%

Over the last 7 days, the Building industry has dropped 1.3%, driven by a pullback from Carrier Global of 4.4%. This takes the industry's 12 month performance to a gain of 20%. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Feb 2026US$427.4bUS$160.3bUS$12.1b22.6x35.5x2.7x
Sat, 24 Jan 2026US$385.6bUS$163.7bUS$11.6b21.2x33.3x2.4x
Mon, 22 Dec 2025US$370.4bUS$163.6bUS$11.6b19.3x32x2.3x
Wed, 19 Nov 2025US$356.2bUS$161.0bUS$11.1b16.8x32.1x2.2x
Fri, 17 Oct 2025US$386.6bUS$160.9bUS$12.6b20.3x30.7x2.4x
Sun, 14 Sep 2025US$391.1bUS$160.9bUS$12.5b23.3x31.2x2.4x
Tue, 12 Aug 2025US$394.0bUS$160.7bUS$12.9b22.5x30.5x2.5x
Thu, 10 Jul 2025US$400.7bUS$162.0bUS$13.8b21.4x28.9x2.5x
Sat, 07 Jun 2025US$396.8bUS$163.5bUS$14.0b21.4x28.3x2.4x
Mon, 05 May 2025US$384.5bUS$162.9bUS$13.6b20.2x28.3x2.4x
Wed, 02 Apr 2025US$353.9bUS$162.6bUS$13.4b20.4x26.4x2.2x
Fri, 28 Feb 2025US$374.2bUS$162.5bUS$13.4b20.8x27.9x2.3x
Sun, 26 Jan 2025US$411.3bUS$163.6bUS$14.3b20.8x28.7x2.5x
Tue, 24 Dec 2024US$394.3bUS$163.6bUS$14.3b21.9x27.5x2.4x
Thu, 21 Nov 2024US$423.5bUS$162.3bUS$14.3b21.5x29.6x2.6x
Sat, 19 Oct 2024US$430.7bUS$164.3bUS$16.4b24.1x26.2x2.6x
Mon, 16 Sep 2024US$399.4bUS$164.3bUS$16.4b21.7x24.3x2.4x
Wed, 14 Aug 2024US$361.0bUS$164.4bUS$16.4b20.3x22x2.2x
Fri, 12 Jul 2024US$366.1bUS$162.7bUS$14.2b21.2x25.7x2.3x
Sun, 09 Jun 2024US$363.5bUS$163.8bUS$14.3b19.9x25.3x2.2x
Tue, 07 May 2024US$379.3bUS$166.6bUS$14.4b22.5x26.3x2.3x
Thu, 04 Apr 2024US$374.1bUS$165.2bUS$14.7b23.8x25.4x2.3x
Sat, 02 Mar 2024US$357.8bUS$166.7bUS$14.8b22.9x24.2x2.1x
Mon, 29 Jan 2024US$333.7bUS$175.3bUS$14.8b20.1x22.5x1.9x
Wed, 27 Dec 2023US$332.5bUS$175.3bUS$14.8b20.6x22.5x1.9x
Fri, 24 Nov 2023US$296.0bUS$175.2bUS$15.0b17.4x19.8x1.7x
Sun, 22 Oct 2023US$249.6bUS$171.8bUS$14.8b16.5x16.9x1.5x
Tue, 19 Sep 2023US$278.2bUS$171.9bUS$14.8b17.4x18.8x1.6x
Thu, 17 Aug 2023US$287.5bUS$171.9bUS$14.8b17.4x19.4x1.7x
Sat, 15 Jul 2023US$291.0bUS$174.1bUS$15.2b16.4x19.1x1.7x
Mon, 12 Jun 2023US$259.9bUS$174.0bUS$15.2b15x17.1x1.5x
Wed, 10 May 2023US$250.0bUS$174.1bUS$15.1b15.2x16.5x1.4x
Fri, 07 Apr 2023US$230.7bUS$175.5bUS$16.7b13.1x13.9x1.3x
Sun, 05 Mar 2023US$261.3bUS$175.5bUS$16.7b14.5x15.7x1.5x
Price to Earnings Ratio

15.7x


Total Market Cap: US$261.3bTotal Earnings: US$16.7bTotal Revenue: US$175.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Building Industry Price to Earnings3Y Average 25x202420252026
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 35.5x which is higher than its 3-year average PE of 25.0x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Building industry have declined 10% per year over the last three years,
  • Revenues have also declined 3.0% 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 Market0.50%
Industrials1.00%
Building-1.30%
Building Products-1.30%
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
JCI Johnson Controls InternationalUS$144.493.6%
+US$3.1b		70.2%PE46.2x
MOD Modine ManufacturingUS$230.195.8%
+US$667.6m		164.6%PE124.1x
REZI Resideo TechnologiesUS$40.8611.0%
+US$607.8m		113.8%PS0.8x
TT Trane TechnologiesUS$460.020.1%
+US$128.4m		31.2%PE34.4x
FBIN Fortune Brands InnovationsUS$54.210.7%
+US$35.1m		-17.7%PE21.8x

Latest News

OC
US$123.48
Owens Corning
7D
-8.1%
1Y
-20.0%
REZI
US$40.86
Resideo Technologies
7D
11.0%
1Y
113.8%
BLDR
US$102.63
Builders FirstSource
7D
-9.9%
1Y
-27.8%
AWI
US$172.21
Armstrong World Industries
7D
-12.4%
1Y
13.1%
ALLE
US$155.63
Allegion
7D
-4.3%
1Y
20.3%

ALLE: Margin Resilience And AI Order Strength Will Shape 2026 Outlook

Allegion's updated analyst price targets reflect a modest trim of fair value to about $180, as analysts factor in softer revenue growth assumptions, slightly higher discount rates, and continued focus on margins following recent research that points to near term pressure in Americas margins and mixed but resilient margin performance overall. Analyst Commentary Recent research updates on Allegion show a mix of optimism on execution and caution around near term profitability and valuation, with several firms trimming price targets while keeping their overall views intact.
CARR
US$61.50
Carrier Global
7D
-4.4%
1Y
-7.0%

CARR: Heat Pump And AI Efficiency Advances Will Support Future Upside

Analysts have nudged our Carrier Global price target lower by about $0.53 to $71.66, as slightly higher revenue growth and a richer forward P/E are now being weighed against reduced profit margin assumptions and a modestly higher discount rate. Analyst Commentary Recent Street research on Carrier Global reflects a mix of optimism around growth execution and caution around valuation and earnings power.
MAS
US$71.86
Masco
7D
-6.3%
1Y
-5.5%

MAS: Capital Returns And Higher Future P/E Will Drive Bullish Repricing

Analysts have raised their Masco price target from $86.00 to about $93.83. They cite updated fair value estimates, a slightly higher discount rate, more measured expectations for revenue growth and profit margins, and a higher assumed future P/E multiple as key factors in this revision.
TT
US$460.02
Trane Technologies
7D
0.1%
1Y
31.2%

TT: AI Energy Efficiency Initiatives And Capital Returns Will Support Balanced Future Outlook

Analysts have trimmed their price target on Trane Technologies by about $4 to reflect slightly adjusted assumptions around discount rates and profitability, while still factoring in updated views on revenue growth and future P/E levels. What's in the News Board approved a 12% increase in the company dividend, with a quarterly payment of $1.05 per ordinary share, or $4.20 per share annualized, payable March 31, 2026, to shareholders of record on March 6, 2026 (Dividend Increases).
JCI
US$144.49
Johnson Controls International
7D
3.6%
1Y
70.2%

JCI: Applied HVAC Supercycle And AI Cooling Demand Will Drive Upside

Our analyst price target for Johnson Controls International has been raised from $156.39 to $170.00, reflecting updated assumptions on revenue growth, margins, and future P/E. These are broadly in line with a series of recent price target increases from Street analysts, following their refreshed views on HVAC demand and AI related orders.
MOD
US$230.19
Modine Manufacturing
7D
5.8%
1Y
164.6%
FBIN
US$54.21
Fortune Brands Innovations
7D
0.7%
1Y
-17.7%

FBIN: Housing Cycles And Costs Will Shape Future Shareholder Returns

The analyst price target for Fortune Brands has been reduced by about $3 from the prior fair value estimate of $63 to roughly $59.60, as analysts factor in weaker demand, the loss of a key Fiberon customer, and higher manufacturing costs. These elements are reflected in slightly lower growth and margin assumptions, along with a higher future P/E multiple.
CSL
US$393.73
Carlisle Companies
7D
-2.9%
1Y
16.3%
IIIN
US$37.83
Insteel Industries
7D
2.1%
1Y
32.8%

IIIN: Share Repurchases Will Support Higher Future Share Price

Analysts have kept their $42.00 price target for Insteel Industries essentially unchanged, reflecting only minor tweaks to assumptions such as discount rate, long term revenue growth, profit margin, and future P/E. These adjustments fine tune, rather than rethink, their view on the stock.
AZZ
US$134.35
AZZ
7D
0.8%
1Y
39.1%
SSD
US$191.35
Simpson Manufacturing
7D
-5.9%
1Y
13.3%

SSD: Housing Weakness And Connector Strength Will Shape Future Return Balance

Narrative Update: Simpson Manufacturing Analysts have lifted their price targets on Simpson Manufacturing by $10 to $13, citing the company’s strong position in structural connectors and its history of managing inflationary input costs, while they remain cautious about subdued U.S. housing starts into 2026. Analyst Commentary Recent research updates give you a clearer picture of how the Street is thinking about Simpson Manufacturing today, with some leaning more optimistic on execution and others flagging demand risk around U.S. housing.
TGEN
US$3.76
Tecogen
7D
6.8%
1Y
93.8%