Sterling Infrastructure, Inc.'s (NASDAQ:STRL) 25% Price Boost Is Out Of Tune With Earnings
Nov 23
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U.S. Construction Industry Analysis
UpdatedNov 24, 2024
DataAggregated Company Financials
Companies54
- 7D5.9%
- 3M25.9%
- 1Y81.5%
- YTD63.5%
The Construction industry is up 5.9% in the last week, with Quanta Services up 5.7%. In the last 12 months, the industry was up 82%. Looking forward, earnings are forecast to grow by 26% annually.
Industry Valuation and Performance
Has the U.S. Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 25 Nov 2024 | US$204.6b | US$146.1b | US$3.9b | 36.8x | 52.4x | 1.4x |
| Wed, 23 Oct 2024 | US$189.8b | US$144.7b | US$4.0b | 34.8x | 47.7x | 1.3x |
| Fri, 20 Sep 2024 | US$168.8b | US$144.8b | US$4.0b | 31.6x | 42.4x | 1.2x |
| Sun, 18 Aug 2024 | US$160.7b | US$144.5b | US$4.0b | 25.6x | 40.4x | 1.1x |
| Tue, 16 Jul 2024 | US$162.2b | US$141.8b | US$3.4b | 27x | 47.1x | 1.1x |
| Thu, 13 Jun 2024 | US$159.5b | US$141.8b | US$3.4b | 25.7x | 46.3x | 1.1x |
| Sat, 11 May 2024 | US$162.1b | US$141.8b | US$3.5b | 26x | 46.7x | 1.1x |
| Mon, 08 Apr 2024 | US$154.7b | US$136.2b | US$3.5b | 25.2x | 44.7x | 1.1x |
| Wed, 06 Mar 2024 | US$144.4b | US$136.2b | US$3.5b | 25.7x | 41.5x | 1.1x |
| Fri, 02 Feb 2024 | US$125.2b | US$135.2b | US$3.6b | 24.7x | 35x | 0.9x |
| Sun, 31 Dec 2023 | US$127.3b | US$135.1b | US$3.6b | 25.5x | 35.6x | 0.9x |
| Tue, 28 Nov 2023 | US$114.1b | US$135.0b | US$3.5b | 21.8x | 32.4x | 0.8x |
| Thu, 26 Oct 2023 | US$103.8b | US$130.5b | US$3.4b | 19.3x | 30.9x | 0.8x |
| Sat, 23 Sep 2023 | US$114.1b | US$130.5b | US$3.4b | 20.3x | 34x | 0.9x |
| Mon, 21 Aug 2023 | US$119.9b | US$130.4b | US$3.3b | 20.9x | 36x | 0.9x |
| Wed, 19 Jul 2023 | US$122.1b | US$126.6b | US$3.2b | 20.8x | 37.8x | 1x |
| Fri, 16 Jun 2023 | US$114.8b | US$126.6b | US$3.2b | 19.9x | 35.5x | 0.9x |
| Sun, 14 May 2023 | US$108.1b | US$126.3b | US$3.2b | 18.7x | 33.9x | 0.9x |
| Tue, 11 Apr 2023 | US$104.0b | US$122.8b | US$3.2b | 24.1x | 32.2x | 0.8x |
| Thu, 09 Mar 2023 | US$113.2b | US$122.9b | US$3.3b | 22.9x | 34x | 0.9x |
| Sat, 04 Feb 2023 | US$108.2b | US$115.2b | US$2.8b | 25.7x | 38x | 0.9x |
| Mon, 02 Jan 2023 | US$103.5b | US$115.9b | US$2.9b | 23.7x | 35.7x | 0.9x |
| Wed, 30 Nov 2022 | US$104.7b | US$115.8b | US$2.9b | 21.4x | 35.9x | 0.9x |
| Fri, 28 Oct 2022 | US$99.1b | US$112.5b | US$2.8b | 28x | 35.1x | 0.9x |
| Sun, 25 Sep 2022 | US$89.8b | US$111.4b | US$2.8b | 25.3x | 32.6x | 0.8x |
| Tue, 23 Aug 2022 | US$97.9b | US$111.3b | US$2.7b | 28.9x | 35.8x | 0.9x |
| Thu, 21 Jul 2022 | US$88.9b | US$107.6b | US$2.7b | 23.9x | 33.2x | 0.8x |
| Sat, 18 Jun 2022 | US$80.7b | US$107.6b | US$2.7b | 22.9x | 30.2x | 0.8x |
| Mon, 16 May 2022 | US$85.7b | US$107.4b | US$2.7b | 23.9x | 32.2x | 0.8x |
| Wed, 13 Apr 2022 | US$96.0b | US$106.1b | US$2.6b | 21.7x | 37.4x | 0.9x |
| Fri, 11 Mar 2022 | US$89.2b | US$100.3b | US$2.2b | 27.3x | 40.9x | 0.9x |
| Sun, 06 Feb 2022 | US$82.2b | US$100.3b | US$1.9b | 25.8x | 42.4x | 0.8x |
| Tue, 04 Jan 2022 | US$94.3b | US$100.0b | US$1.9b | 29.9x | 48.9x | 0.9x |
| Thu, 02 Dec 2021 | US$90.4b | US$99.9b | US$1.9b | 27.4x | 47x | 0.9x |
Price to Earnings Ratio
47x
Current Industry PE
- Investors are optimistic on the American Construction industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 52.4x which is higher than its 3-year average PE of 38.2x.
- The 3-year average PS ratio of 0.95x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Construction industry have grown 27% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Industrials industry?
| US Market | 2.21% | |
| Industrials | 3.03% | |
| Construction | 5.85% | |
| Construction and Engineering | 5.85% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PWR Quanta Services | US$341.92 | 5.7% +US$2.7b | 87.3% | PE62.3x | |
| FIX Comfort Systems USA | US$491.06 | 10.3% +US$1.6b | 147.0% | PE37.2x | |
| ACM AECOM | US$116.31 | 8.8% +US$1.1b | 32.8% | PE30.5x | |
| FLR Fluor | US$55.79 | 7.5% +US$663.8m | 47.2% | PE36.8x | |
| ROAD Construction Partners | US$99.98 | 12.9% +US$592.4m | 131.8% | PE76.4x |
