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U.S. Building Industry Analysis

UpdatedJun 28, 2026
DataAggregated Company Financials
Companies51
  • 7D0.2%
  • 3M18.3%
  • 1Y11.9%
  • YTD15.8%

The Building industry has been flat over the last week, but Johnson Controls International has lost 4.4%. The past year has been better, since the industry has gained 12% in that time. 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
Sun, 28 Jun 2026US$448.6bUS$161.9bUS$11.2b22.4x39.9x2.8x
Tue, 26 May 2026US$417.8bUS$163.0bUS$11.3b21.3x36.9x2.6x
Thu, 23 Apr 2026US$430.1bUS$162.0bUS$11.9b22x36.1x2.7x
Sat, 21 Mar 2026US$380.3bUS$158.6bUS$11.9b19.6x31.9x2.4x
Mon, 16 Feb 2026US$435.4bUS$164.1bUS$11.6b23.1x37.5x2.7x
Wed, 14 Jan 2026US$377.4bUS$163.6bUS$11.6b21.8x32.6x2.3x
Fri, 12 Dec 2025US$373.3bUS$163.6bUS$11.2b20.3x33.2x2.3x
Sun, 09 Nov 2025US$383.2bUS$161.0bUS$11.1b19.9x34.5x2.4x
Tue, 07 Oct 2025US$390.9bUS$160.9bUS$12.5b22.3x31.2x2.4x
Thu, 04 Sep 2025US$391.7bUS$160.7bUS$12.8b22.9x30.5x2.4x
Sat, 02 Aug 2025US$400.9bUS$162.7bUS$14.0b20.4x28.7x2.5x
Mon, 30 Jun 2025US$401.2bUS$163.5bUS$14.0b20.7x28.7x2.5x
Wed, 28 May 2025US$391.2bUS$163.4bUS$14.0b21.8x27.9x2.4x
Fri, 25 Apr 2025US$342.0bUS$162.7bUS$13.4b20.2x25.6x2.1x
Sun, 23 Mar 2025US$360.3bUS$162.7bUS$13.4b19.7x26.9x2.2x
Tue, 18 Feb 2025US$390.8bUS$162.1bUS$14.1b20.7x27.8x2.4x
Thu, 16 Jan 2025US$396.3bUS$163.6bUS$14.3b20.8x27.7x2.4x
Sat, 14 Dec 2024US$424.4bUS$163.6bUS$14.3b22.8x29.6x2.6x
Mon, 11 Nov 2024US$430.8bUS$162.4bUS$14.3b21.9x30.2x2.7x
Wed, 09 Oct 2024US$423.1bUS$164.3bUS$16.4b22.9x25.7x2.6x
Fri, 06 Sep 2024US$377.9bUS$164.3bUS$16.4b20.4x23x2.3x
Sun, 04 Aug 2024US$368.1bUS$164.4bUS$16.6b20.6x22.2x2.2x
Tue, 02 Jul 2024US$362.6bUS$162.7bUS$14.3b19.6x25.4x2.2x
Thu, 30 May 2024US$377.8bUS$163.8bUS$14.3b20.4x26.3x2.3x
Sat, 27 Apr 2024US$369.4bUS$166.3bUS$14.7b21.4x25.2x2.2x
Mon, 25 Mar 2024US$378.0bUS$166.7bUS$14.8b24.2x25.5x2.3x
Wed, 21 Feb 2024US$346.4bUS$167.5bUS$14.8b23.1x23.5x2.1x
Fri, 19 Jan 2024US$329.1bUS$175.3bUS$14.8b19.3x22.2x1.9x
Sun, 17 Dec 2023US$326.2bUS$175.3bUS$14.8b19.3x22x1.9x
Tue, 14 Nov 2023US$284.3bUS$175.4bUS$14.2b16.5x20x1.6x
Thu, 12 Oct 2023US$277.3bUS$171.9bUS$14.8b17.4x18.7x1.6x
Sat, 09 Sep 2023US$284.9bUS$171.9bUS$14.8b16.6x19.2x1.7x
Mon, 07 Aug 2023US$294.2bUS$172.1bUS$14.8b17.5x19.8x1.7x
Wed, 05 Jul 2023US$281.6bUS$174.0bUS$15.2b16.6x18.5x1.6x
Price to Earnings Ratio

18.5x


Total Market Cap: US$281.6bTotal Earnings: US$15.2bTotal Revenue: US$174.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Building Industry Price to Earnings3Y Average 27.3x202420252026
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 41.3x which is higher than its 3-year average PE of 27.3x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Building industry have declined 9.6% 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-2.52%
Industrials-0.27%
Building0.18%
Building Products0.18%
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
CARR Carrier GlobalUS$73.592.5%
+US$1.5b		-0.1%PE47.7x
MAS MascoUS$79.977.5%
+US$1.1b		24.6%PE19x
CSL Carlisle CompaniesUS$388.387.6%
+US$1.1b		3.8%PE21.5x
LII Lennox InternationalUS$563.875.9%
+US$1.1b		-0.6%PE24.7x
BLDR Builders FirstSourceUS$89.1410.6%
+US$919.6m		-23.8%PE32.9x

Latest News

CARR
US$73.59
Carrier Global
7D
2.5%
1Y
-0.1%
Narrative Update • Jun 26

CARR: Data Center Cooling Pivot Will Likely Cap Returns At Current Levels

Carrier Global's analyst price target has increased from $55 to about $62, with analysts attributing the change to updated earnings models, data center exposure, and a view in recent initiations and revisions that the stock is fairly valued around a $75 target. Analyst Commentary Recent research on Carrier Global highlights a mix of updated models, sector exposure to data centers, and a generally balanced view on valuation.
BLDR
US$89.14
Builders FirstSource
7D
10.6%
1Y
-23.8%
LII
US$563.87
Lennox International
7D
5.9%
1Y
-0.6%
Seeking Alpha • Jun 25

Lennox International: Valuation A Bit Too Hot, Upside Potential A Bit Too Cold

Summary Lennox International benefits from robust HVAC demand, especially in its Building Climate Solutions segment, amid data center expansion. LII's Q1 2026 net sales rose 5.9% YoY to $1.14B, with BCS profit up 62.5% YoY, offsetting Home Comfort Solutions weakness. Technical indicators show bullish momentum, but LII trades above its five-year average P/E, suggesting a premium valuation and potential for a pullback. Commodity inflation, tariffs, and a weak housing market pose risks; I recommend staying on the sidelines and waiting for a better entry point. Read the full article on Seeking Alpha
CSL
US$388.38
Carlisle Companies
7D
7.6%
1Y
3.8%
Narrative Update • Jun 25

CSL: Ongoing Buybacks And Steady Guidance Will Support Measured Future Upside

Analysts kept their $410.14 price target on Carlisle Companies broadly unchanged, citing only slight adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions rather than any major shift in their outlook. What’s in the News for Carlisle Companies Carlisle Companies reported that from January 1, 2026 to March 31, 2026, it repurchased 700,000 shares, representing 1.71% of its shares, for a total of US$249.77 million under its long running buyback program.
TGLS
US$44.75
Tecnoglass
7D
-2.7%
1Y
-42.6%
Seeking Alpha • Jun 25

Tecnoglass: I Expect Tariff Relief And Rising Profit Margins

Summary Tecnoglass is positioned for margin recovery, which should lead to a sharp rebound in EPS. Its low-cost Colombian manufacturing and U.S.-centric revenue model underpin sustainable growth, even amid U.S. housing market softness. Recent profit margin pressure from a strong Colombian peso and U.S. tariffs is likely transitory, with potential relief from improved U.S.-Colombia trade relations. I rate TGLS a 'Strong Buy' thanks to reasonable valuation, secular growth, and a credible path to margin and EPS expansion. Read the full article on Seeking Alpha
OC
US$135.39
Owens Corning
7D
5.7%
1Y
-1.9%
Narrative Update • Jun 25

OC: Dividend Policy And Q2 Outlook Will Shape Fairly Valued Upside Potential

The analyst price target for Owens Corning has been modestly revised from $144.80 to about $146.21. Analysts point to updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E to support the change.
WMS
US$154.50
Advanced Drainage Systems
7D
5.0%
1Y
33.2%
Narrative Update • Jun 24

WMS: Margin Resilience And Investor Day Outlook Will Drive Future Re Rating

Analysts have nudged the fair value estimate for Advanced Drainage Systems slightly higher to $181.20 from $180. This reflects modestly adjusted assumptions for revenue growth, profit margins, discount rate, and future P/E that line up with recent Street commentary around resilient margins, pricing support, and upcoming growth discussions at Investor Day.
JELD
US$1.44
JELD-WEN Holding
7D
-19.1%
1Y
-63.0%
Narrative Update • Jun 24

JELD: Updated 2026 Outlook And Execution Improvements Will Support Future Resilience

Analysts have slightly adjusted the JELD-WEN Holding price target, with mixed moves such as a $1.40 cut at one firm and a $0.50 increase at another. These changes reflect updated views on revenue growth, profit margin assumptions, and expected future P/E levels.
TT
US$477.89
Trane Technologies
7D
-1.1%
1Y
10.5%
Narrative Update • Jun 23

TT: AI Initiatives And Training Expansion Will Support Steady Future Performance

Analysts have modestly raised their price target for Trane Technologies to $521.51 from $518.30, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin, and expected future P/E assumptions in their models. What's in the News for Trane Technologies Trane Technologies reported Q1 revenue up 6% year over year, beating analysts' expectations on both revenue and adjusted operating income, while the stock price stayed flat after the release.
MAIR
US$37.59
Madison Air Solutions
7D
-1.4%
1Y
n/a
Seeking Alpha • Jun 23

Madison Air Solutions: Mission-Critical Air Demand Makes This A Buy

Summary Initiating Madison Air Solutions (MAIR) at buy, driven by robust structural demand for mission-critical air solutions beyond traditional HVAC cycles. MAIR’s Commercial segment benefits from AI-driven data center growth, with Q1 2026 organic sales up 17.2% and backlog surging 125% year-over-year. AprilAire acquisition strengthens Residential portfolio, targeting higher revenue per job and reducing reliance on equipment replacement cycles. Valuation at 23x EBITDA offers ~60% upside if MAIR achieves $1.59B adj. EBITDA by FY29; key risks are backlog conversion pace and Residential segment softness. Read the full article on Seeking Alpha
MOD
US$255.99
Modine Manufacturing
7D
-13.9%
1Y
152.6%
MAS
US$79.97
Masco
7D
7.5%
1Y
24.6%
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...
AAON
US$126.78
AAON
7D
-7.3%
1Y
72.3%
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
REZI
US$30.96
Resideo Technologies
7D
-3.0%
1Y
37.8%
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.
JCI
US$138.40
Johnson Controls International
7D
-4.4%
1Y
31.7%
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$139.71
Allegion
7D
4.6%
1Y
-2.9%