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U.S. Building Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies51
  • 7D1.8%
  • 3M11.6%
  • 1Y13.6%
  • YTD16.0%

The Building industry is up 1.8% in the last week, with Trane Technologies up 4.0%. Meanwhile, Griffon actually underperformed within the industry, shrinking 5.6% in the last week. In the last 12 months, the industry was up 14%. Looking forward, 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
Tue, 23 Jun 2026US$447.8bUS$161.9bUS$11.3b20.9x39.7x2.8x
Thu, 21 May 2026US$406.4bUS$162.9bUS$11.4b20.8x35.8x2.5x
Sat, 18 Apr 2026US$399.5bUS$158.6bUS$11.8b21x33.9x2.5x
Mon, 16 Mar 2026US$378.5bUS$158.6bUS$11.9b20.8x31.8x2.4x
Wed, 11 Feb 2026US$434.3bUS$164.1bUS$11.7b23.8x37.1x2.6x
Fri, 09 Jan 2026US$360.8bUS$163.6bUS$11.6b20.7x31.2x2.2x
Sun, 07 Dec 2025US$372.5bUS$163.6bUS$11.2b19.6x33.1x2.3x
Tue, 04 Nov 2025US$390.7bUS$160.8bUS$12.3b20.8x31.8x2.4x
Thu, 02 Oct 2025US$388.9bUS$160.9bUS$12.5b21.8x31x2.4x
Sat, 30 Aug 2025US$402.7bUS$160.7bUS$12.8b23.3x31.4x2.5x
Mon, 28 Jul 2025US$430.0bUS$162.1bUS$14.1b21.3x30.5x2.7x
Wed, 25 Jun 2025US$398.1bUS$163.5bUS$14.0b20.7x28.4x2.4x
Fri, 23 May 2025US$393.5bUS$163.4bUS$14.0b21.5x28.1x2.4x
Sun, 20 Apr 2025US$341.4bUS$162.7bUS$13.4b18.7x25.5x2.1x
Tue, 18 Mar 2025US$359.0bUS$162.7bUS$13.4b19.9x26.8x2.2x
Thu, 13 Feb 2025US$390.8bUS$162.1bUS$14.1b20.3x27.8x2.4x
Sat, 11 Jan 2025US$391.2bUS$163.6bUS$14.3b20.1x27.3x2.4x
Mon, 09 Dec 2024US$430.6bUS$162.3bUS$14.3b22.8x30.1x2.7x
Wed, 06 Nov 2024US$403.5bUS$165.5bUS$14.5b22.2x27.7x2.4x
Fri, 04 Oct 2024US$422.4bUS$164.3bUS$16.4b22.6x25.7x2.6x
Sun, 01 Sep 2024US$395.7bUS$164.3bUS$16.4b21.5x24.1x2.4x
Tue, 30 Jul 2024US$386.9bUS$163.7bUS$16.5b21.6x23.5x2.4x
Thu, 27 Jun 2024US$364.9bUS$162.7bUS$14.3b20.2x25.5x2.2x
Sat, 25 May 2024US$380.0bUS$163.8bUS$14.3b21.2x26.5x2.3x
Mon, 22 Apr 2024US$352.4bUS$165.2bUS$14.7b22.5x23.9x2.1x
Wed, 20 Mar 2024US$371.4bUS$166.7bUS$14.8b23.3x25.1x2.2x
Fri, 16 Feb 2024US$348.5bUS$168.2bUS$14.9b21.1x23.4x2.1x
Sun, 14 Jan 2024US$330.5bUS$175.3bUS$14.8b19.5x22.3x1.9x
Tue, 12 Dec 2023US$315.9bUS$175.2bUS$15.0b18.5x21x1.8x
Thu, 09 Nov 2023US$282.0bUS$175.6bUS$14.2b16.9x19.9x1.6x
Sat, 07 Oct 2023US$268.6bUS$171.9bUS$14.8b16.7x18.1x1.6x
Mon, 04 Sep 2023US$294.8bUS$171.9bUS$14.8b17.7x19.9x1.7x
Wed, 02 Aug 2023US$302.7bUS$174.7bUS$14.8b17.2x20.5x1.7x
Fri, 30 Jun 2023US$280.9bUS$174.0bUS$15.2b16.3x18.5x1.6x
Price to Earnings Ratio

18.5x


Total Market Cap: US$280.9bTotal 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 Market-1.82%
Industrials1.73%
Building1.79%
Building Products1.79%
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$491.594.0%
+US$4.2b		15.1%PE37x
JCI Johnson Controls InternationalUS$148.211.5%
+US$1.3b		43.4%PE44.1x
CARR Carrier GlobalUS$71.851.0%
+US$598.0m		0.1%PE46.6x
MOD Modine ManufacturingUS$295.583.5%
+US$520.8m		204.2%PE128.5x
LII Lennox InternationalUS$536.042.3%
+US$413.1m		-5.0%PE23.5x

Latest News

AOS
US$58.69
A. O. Smith
7D
-2.2%
1Y
-8.5%
MOD
US$295.58
Modine Manufacturing
7D
3.5%
1Y
204.2%
LII
US$536.04
Lennox International
7D
2.3%
1Y
-5.0%
Narrative Update • Jun 22

LII: Acquisitions And Buybacks Will Support Steady Long Term Outlook

Analysts have updated their price target for Lennox International to about $570 from roughly $556, reflecting revised assumptions for revenue growth, profit margins, discount rate and future P/E expectations. What’s in the News for Lennox International Lennox signed a definitive agreement to acquire Heat Controller, adding the Comfort-Aire and Century HVAC brands to its portfolio and broadening its product reach across North American distributors.
MAS
US$73.58
Masco
7D
-1.0%
1Y
16.9%
Analysis Article • Jun 21

Masco (MAS) Stock Could Be 18.8% Undervalued After Earnings Beat

Masco (MAS) is back in focus after reporting earnings that exceeded market expectations, drawing attention to its diversified home improvement portfolio and relatively resilient performance compared with other homebuilding and construction supplies companies. See our latest analysis for Masco. Masco’s recent earnings surprise has arrived alongside firm positive momentum, with a 30 day share price return of 10.59% and a 90 day share price return of 23.80%. The 1 year total shareholder return...
TT
US$491.59
Trane Technologies
7D
4.0%
1Y
15.1%
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$141.40
Advanced Drainage Systems
7D
3.4%
1Y
20.9%
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...
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...
AAON
US$136.16
AAON
7D
3.7%
1Y
88.0%
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$71.85
Carrier Global
7D
1.0%
1Y
0.1%
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...
REZI
US$31.13
Resideo Technologies
7D
-1.5%
1Y
42.9%
Narrative Update • Jun 18

REZI: ADI Spin Off Progress And Reaffirmed FY26 Outlook Will Support Upside

Analysts have modestly adjusted their price target on Resideo Technologies to $50.00, reflecting updated assumptions that combine a slightly higher discount rate and lower revenue growth expectations with a higher projected profit margin and a more conservative future P/E multiple. What’s in the News for Resideo Technologies Resideo Technologies filed an amended Form 10 registration statement to include ADI Global Distribution financial statements in connection with the planned spin off of its ADI business, according to a June 4, 2026 update.
MAIR
US$38.56
Madison Air Solutions
7D
-0.9%
1Y
n/a
GFF
US$89.43
Griffon
7D
-5.6%
1Y
26.4%
FBIN
US$41.32
Fortune Brands Innovations
7D
-3.9%
1Y
-19.7%
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$148.21
Johnson Controls International
7D
1.5%
1Y
43.4%
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$130.93
Allegion
7D
-2.1%
1Y
-8.1%
MBC
US$8.62
MasterBrand
7D
-6.0%
1Y
-18.6%