Narrative Update • May 24

Over the last 7 days, the Building industry has dropped 1.5%, driven by declines in Trane Technologies and Johnson Controls International of 3.3% and 3.3%, respectively. Over the past 12 months, the industry was up 6.1%. Earnings are forecast to grow by 21% annually.
Has the U.S. Building Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 25 May 2026 | US$417.8b | US$163.0b | US$11.3b | 21.3x | 36.9x | 2.6x |
| Wed, 22 Apr 2026 | US$432.2b | US$161.9b | US$11.9b | 21.9x | 36.3x | 2.7x |
| Fri, 20 Mar 2026 | US$381.8b | US$158.6b | US$11.9b | 20.1x | 32.1x | 2.4x |
| Sun, 15 Feb 2026 | US$435.4b | US$164.1b | US$11.6b | 23.1x | 37.5x | 2.7x |
| Tue, 13 Jan 2026 | US$376.6b | US$163.6b | US$11.6b | 21.7x | 32.6x | 2.3x |
| Thu, 11 Dec 2025 | US$368.9b | US$163.6b | US$11.2b | 19.8x | 32.8x | 2.3x |
| Sat, 08 Nov 2025 | US$381.4b | US$157.7b | US$11.8b | 19.9x | 32.5x | 2.4x |
| Mon, 06 Oct 2025 | US$390.9b | US$160.9b | US$12.5b | 22.4x | 31.2x | 2.4x |
| Wed, 03 Sep 2025 | US$397.4b | US$160.7b | US$12.8b | 22.9x | 30.9x | 2.5x |
| Fri, 01 Aug 2025 | US$401.9b | US$163.0b | US$14.1b | 21.1x | 28.4x | 2.5x |
| Sun, 29 Jun 2025 | US$401.2b | US$163.5b | US$14.0b | 20.7x | 28.7x | 2.5x |
| Tue, 27 May 2025 | US$391.2b | US$163.4b | US$14.0b | 21.2x | 27.9x | 2.4x |
| Thu, 24 Apr 2025 | US$340.8b | US$162.7b | US$13.4b | 19x | 25.4x | 2.1x |
| Sat, 22 Mar 2025 | US$363.2b | US$162.7b | US$13.4b | 19.7x | 27.1x | 2.2x |
| Mon, 17 Feb 2025 | US$390.8b | US$162.1b | US$14.1b | 20.7x | 27.8x | 2.4x |
| Wed, 15 Jan 2025 | US$396.3b | US$163.6b | US$14.3b | 20.6x | 27.7x | 2.4x |
| Fri, 13 Dec 2024 | US$425.9b | US$162.3b | US$14.3b | 22.2x | 29.8x | 2.6x |
| Sun, 10 Nov 2024 | US$430.8b | US$162.4b | US$14.3b | 21.9x | 30.2x | 2.7x |
| Tue, 08 Oct 2024 | US$422.1b | US$164.3b | US$16.4b | 22.6x | 25.7x | 2.6x |
| Thu, 05 Sep 2024 | US$380.1b | US$164.3b | US$16.4b | 20.8x | 23.1x | 2.3x |
| Sat, 03 Aug 2024 | US$382.2b | US$164.4b | US$16.6b | 20.6x | 23x | 2.3x |
| Mon, 01 Jul 2024 | US$362.6b | US$162.7b | US$14.3b | 20.1x | 25.4x | 2.2x |
| Wed, 29 May 2024 | US$385.6b | US$163.8b | US$14.3b | 20.7x | 26.9x | 2.4x |
| Fri, 26 Apr 2024 | US$364.6b | US$166.1b | US$14.6b | 21.2x | 25x | 2.2x |
| Sun, 24 Mar 2024 | US$378.0b | US$166.7b | US$14.8b | 24.2x | 25.5x | 2.3x |
| Tue, 20 Feb 2024 | US$346.8b | US$168.2b | US$14.9b | 21x | 23.3x | 2.1x |
| Thu, 18 Jan 2024 | US$326.5b | US$175.3b | US$14.8b | 19.2x | 22x | 1.9x |
| Sat, 16 Dec 2023 | US$326.2b | US$175.3b | US$14.8b | 19.3x | 22x | 1.9x |
| Mon, 13 Nov 2023 | US$285.7b | US$175.4b | US$14.2b | 16.6x | 20.1x | 1.6x |
| Wed, 11 Oct 2023 | US$273.2b | US$171.9b | US$14.8b | 17x | 18.4x | 1.6x |
| Fri, 08 Sep 2023 | US$284.9b | US$171.9b | US$14.8b | 16.5x | 19.2x | 1.7x |
| Sun, 06 Aug 2023 | US$294.2b | US$172.1b | US$14.8b | 17.5x | 19.8x | 1.7x |
| Tue, 04 Jul 2023 | US$281.6b | US$174.0b | US$15.2b | 16.6x | 18.5x | 1.6x |
| Thu, 01 Jun 2023 | US$239.4b | US$174.0b | US$15.2b | 13.9x | 15.7x | 1.4x |
15.7x
Which industries have driven the changes within the U.S. Industrials industry?
| US Market | 1.11% | |
| Industrials | 1.11% | |
| Building | 0.25% | |
| Building Products | 0.25% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MAIR Madison Air Solutions | US$40.04 | 4.4% +US$842.1m | n/a | PE210.6x | |
| MOD Modine Manufacturing | US$260.52 | 5.4% +US$706.1m | 190.1% | PE140.5x | |
| JCI Johnson Controls International | US$138.36 | 0.8% +US$640.6m | 41.2% | PE41.2x | |
| FBIN Fortune Brands Innovations | US$37.65 | 11.7% +US$470.0m | -25.1% | PE16.5x | |
| BLDR Builders FirstSource | US$74.15 | 5.7% +US$427.0m | -31.6% | PE27.4x |