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U.S. Building Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies48
  • 7D-1.7%
  • 3M14.4%
  • 1Y20.3%
  • YTD14.4%

In the last week, the Building industry is flat overall, with Allegion standing out by going down 12%. The past year has been better, since the industry has gained 21% in that time. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026US$434.0bUS$160.4bUS$12.1b22.4x36x2.7x
Thu, 22 Jan 2026US$378.5bUS$163.7bUS$11.6b21.5x32.7x2.3x
Sat, 20 Dec 2025US$368.1bUS$163.6bUS$11.6b19.3x31.8x2.2x
Mon, 17 Nov 2025US$363.5bUS$161.0bUS$11.1b17.5x32.8x2.3x
Wed, 15 Oct 2025US$378.6bUS$160.9bUS$12.6b21.8x30.1x2.4x
Fri, 12 Sep 2025US$395.8bUS$160.9bUS$12.5b24.1x31.6x2.5x
Sun, 10 Aug 2025US$394.0bUS$160.7bUS$12.9b22.4x30.5x2.5x
Tue, 08 Jul 2025US$405.3bUS$162.0bUS$13.8b20.7x29.3x2.5x
Thu, 05 Jun 2025US$395.5bUS$163.3bUS$14.0b21.5x28.2x2.4x
Sat, 03 May 2025US$377.1bUS$162.9bUS$13.6b20.2x27.8x2.3x
Mon, 31 Mar 2025US$351.9bUS$162.6bUS$13.4b20.5x26.3x2.2x
Wed, 26 Feb 2025US$371.9bUS$162.5bUS$13.4b21.2x27.7x2.3x
Fri, 24 Jan 2025US$412.2bUS$163.6bUS$14.3b21.1x28.8x2.5x
Sun, 22 Dec 2024US$394.3bUS$163.6bUS$14.3b22.1x27.5x2.4x
Tue, 19 Nov 2024US$423.1bUS$162.3bUS$14.3b21.7x29.6x2.6x
Thu, 17 Oct 2024US$428.4bUS$164.3bUS$16.4b23.9x26.1x2.6x
Sat, 14 Sep 2024US$394.4bUS$164.3bUS$16.4b21.7x24x2.4x
Mon, 12 Aug 2024US$363.9bUS$164.4bUS$16.4b20.3x22.1x2.2x
Wed, 10 Jul 2024US$361.5bUS$162.7bUS$14.3b19.9x25.3x2.2x
Fri, 07 Jun 2024US$369.7bUS$163.8bUS$14.3b20x25.8x2.3x
Sun, 05 May 2024US$372.4bUS$166.6bUS$14.4b22.2x25.8x2.2x
Tue, 02 Apr 2024US$378.3bUS$165.2bUS$14.7b24.1x25.7x2.3x
Thu, 29 Feb 2024US$357.1bUS$166.8bUS$14.8b23x24.1x2.1x
Sat, 27 Jan 2024US$334.0bUS$175.3bUS$14.8b20.1x22.6x1.9x
Mon, 25 Dec 2023US$332.5bUS$175.3bUS$14.8b20.5x22.5x1.9x
Wed, 22 Nov 2023US$297.0bUS$175.2bUS$15.0b17.3x19.8x1.7x
Fri, 20 Oct 2023US$252.2bUS$171.9bUS$14.8b16.2x17x1.5x
Sun, 17 Sep 2023US$277.3bUS$171.9bUS$14.8b17.4x18.7x1.6x
Tue, 15 Aug 2023US$292.5bUS$171.9bUS$14.8b17.6x19.7x1.7x
Thu, 13 Jul 2023US$289.2bUS$174.2bUS$15.2b16.7x19x1.7x
Sat, 10 Jun 2023US$259.9bUS$174.0bUS$15.2b15x17.1x1.5x
Mon, 08 May 2023US$248.2bUS$174.2bUS$15.2b15x16.3x1.4x
Wed, 05 Apr 2023US$235.0bUS$175.5bUS$16.7b13.2x14.1x1.3x
Fri, 03 Mar 2023US$254.8bUS$175.4bUS$16.7b14.4x15.3x1.5x
Price to Earnings Ratio

15.3x


Total Market Cap: US$254.8bTotal Earnings: US$16.7bTotal Revenue: US$175.4bTotal 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 36.0x 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 2.9% 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-0.35%
Industrials0.19%
Building-1.71%
Building Products-1.71%
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$142.832.6%
+US$2.2b		70.0%PE45.7x
FBIN Fortune Brands InnovationsUS$55.768.7%
+US$533.4m		-14.0%PE22.4x
MOD Modine ManufacturingUS$222.502.8%
+US$316.4m		166.9%PE120x
AAON AAONUS$101.100.06%
+US$4.9m		1.0%PE82.2x
ILAG Intelligent Living Application GroupUS$3.009.5%
+US$540.0k		-63.9%PS1.2x

Latest News

MAS
US$73.82
Masco
7D
-3.1%
1Y
-0.3%

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$459.94
Trane Technologies
7D
-1.1%
1Y
32.6%

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$142.83
Johnson Controls International
7D
2.6%
1Y
70.0%

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.
BLDR
US$107.28
Builders FirstSource
7D
-6.5%
1Y
-22.6%

BLDR: Cost Control And Margin Resilience Are Expected To Outweigh Housing Headwinds

Analysts have nudged our Builders FirstSource fair value estimate slightly lower to $128.10 from $130.24, reflecting recent cuts to Street price targets that factor in lighter Q4 results, cautious housing and residential outlooks, and modestly trimmed EPS forecasts, even as cost control and margin resilience remain key parts of the thesis. Analyst Commentary Street research around Builders FirstSource has tilted more cautious after Q4, with several firms trimming price targets and earnings expectations while still pointing to areas of operational strength.
MOD
US$222.50
Modine Manufacturing
7D
2.8%
1Y
166.9%
LII
US$554.84
Lennox International
7D
-2.1%
1Y
-9.0%

LII: Commercial Expansion And Buybacks Will Support Steady Balanced Long Term Outlook

Analysts have inched their price target for Lennox International slightly higher to $555.69 from $555.40, reflecting updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News Lennox International plans an Analyst and Investor Day to outline its operational progress, business priorities, and new long term growth targets, giving investors more detail on the company’s direction.
FBIN
US$55.76
Fortune Brands Innovations
7D
8.7%
1Y
-14.0%

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.
AOS
US$76.77
A. O. Smith
7D
-4.6%
1Y
15.9%
AAON
US$101.10
AAON
7D
0.06%
1Y
1.0%
ALLE
US$158.67
Allegion
7D
-11.6%
1Y
24.0%
SSD
US$196.31
Simpson Manufacturing
7D
-6.1%
1Y
16.9%

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.
CARR
US$63.46
Carrier Global
7D
-3.0%
1Y
-4.6%

CARR: Heat Pump Progress And AI Energy Tools Will Support Future Upside

Our updated view on Carrier Global lifts the fair value estimate by about US$1 to roughly US$72, as analysts factor in higher assumed revenue growth, a slightly lower discount rate, and a richer future P/E multiple, partially offset by more conservative margin expectations. Analyst Commentary Recent Street research on Carrier Global shows a mix of optimism and caution, with several firms adjusting their price targets within a relatively tight range.
ILAG
US$3.00
Intelligent Living Application Group
7D
9.5%
1Y
-63.9%