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U.S. Construction Industry Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies71
  • 7D-2.9%
  • 3M-0.2%
  • 1Y40.6%
  • YTD39.6%

Over the last 7 days, the Construction industry has dropped 2.9%, driven by a pullback from Quanta Services of 2.7%. In the past year, the industry has gained 41%. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Jan 2026US$270.8bUS$165.7bUS$10.0b30.3x27.1x1.6x
Sat, 29 Nov 2025US$280.1bUS$165.4bUS$10.0b34.2x28.1x1.7x
Mon, 27 Oct 2025US$284.5bUS$160.7bUS$10.1b35.3x28.2x1.8x
Wed, 24 Sep 2025US$263.3bUS$160.0bUS$9.9b36.7x26.6x1.6x
Fri, 22 Aug 2025US$234.6bUS$157.7bUS$10.0b31.6x23.5x1.5x
Sun, 20 Jul 2025US$230.5bUS$153.2bUS$7.2b33.3x32.2x1.5x
Tue, 17 Jun 2025US$206.6bUS$153.2bUS$7.2b29.8x28.8x1.3x
Thu, 15 May 2025US$197.8bUS$153.1bUS$7.2b30x27.6x1.3x
Sat, 12 Apr 2025US$153.8bUS$149.6bUS$6.8b23.5x22.7x1x
Mon, 10 Mar 2025US$153.2bUS$149.6bUS$6.8b23.1x22.7x1x
Wed, 05 Feb 2025US$184.5bUS$146.4bUS$4.0b31.8x45.6x1.3x
Fri, 03 Jan 2025US$186.1bUS$146.2bUS$3.9b30.1x47.4x1.3x
Sun, 01 Dec 2024US$207.4bUS$146.1bUS$3.9b35.5x53.1x1.4x
Tue, 29 Oct 2024US$181.9bUS$145.2bUS$4.2b32.6x43.8x1.3x
Thu, 26 Sep 2024US$178.2bUS$144.8bUS$4.0b31.7x44.8x1.2x
Sat, 24 Aug 2024US$162.1bUS$144.7bUS$4.0b27.7x40.7x1.1x
Mon, 22 Jul 2024US$159.9bUS$141.8bUS$3.4b26.5x46.4x1.1x
Wed, 19 Jun 2024US$162.9bUS$141.8bUS$3.4b25.2x47.3x1.1x
Fri, 17 May 2024US$162.3bUS$141.8bUS$3.4b24.9x47.1x1.1x
Sun, 14 Apr 2024US$151.0bUS$136.3bUS$3.5b24.5x43.7x1.1x
Tue, 12 Mar 2024US$143.4bUS$136.2bUS$3.5b25.6x41.3x1.1x
Thu, 08 Feb 2024US$125.5bUS$135.6bUS$3.6b24.6x34.5x0.9x
Sat, 06 Jan 2024US$120.4bUS$135.1bUS$3.6b24.1x33.7x0.9x
Mon, 04 Dec 2023US$117.8bUS$135.1bUS$3.5b22.9x33.3x0.9x
Wed, 01 Nov 2023US$105.3bUS$131.3bUS$3.3b20.6x31.6x0.8x
Fri, 29 Sep 2023US$114.7bUS$130.5bUS$3.4b20.7x34.2x0.9x
Sun, 27 Aug 2023US$120.4bUS$130.4bUS$3.4b21.4x35.9x0.9x
Tue, 25 Jul 2023US$122.4bUS$126.7bUS$3.2b21x38.5x1x
Thu, 22 Jun 2023US$117.3bUS$126.6bUS$3.2b20.1x36.3x0.9x
Sat, 20 May 2023US$109.3bUS$126.4bUS$3.2b20x34.1x0.9x
Mon, 17 Apr 2023US$105.7bUS$122.7bUS$3.2b21.7x32.7x0.9x
Wed, 15 Mar 2023US$107.7bUS$122.9bUS$3.3b23.5x32.3x0.9x
Fri, 10 Feb 2023US$106.8bUS$115.4bUS$2.8b21.5x37.8x0.9x
Sun, 08 Jan 2023US$101.0bUS$115.1bUS$2.8b23.9x35.5x0.9x
Price to Earnings Ratio

35.5x


Total Market Cap: US$101.0bTotal Earnings: US$2.8bTotal Revenue: US$115.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 36x202420252026
Current Industry PE
  • Investors are pessimistic on the American Construction industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 27.1x which is lower than its 3-year average PE of 36.0x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 52% per year over the last three years.
  • Revenues for these companies have grown 13% 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-1.43%
Industrials-2.06%
Construction-2.87%
Construction and Engineering-2.87%
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
CDNL Cardinal Infrastructure GroupUS$24.183.1%
+US$9.5m		n/aPE13.2x
JLHL Julong HoldingUS$4.039.2%
+US$7.3m		n/aPE30.6x
JFB JFB Construction HoldingsUS$14.623.7%
+US$5.2m		n/aPS6.7x
SHIM ShimmickUS$2.922.5%
+US$2.5m		12.7%PS0.2x
ONEG OneConstruction GroupUS$1.288.1%
+US$1.2m		-57.5%PE18.5x

Latest News

IESC
US$389.02
IES Holdings
7D
-4.3%
1Y
93.6%

We Like IES Holdings' (NASDAQ:IESC) Returns And Here's How They're Trending

Jan 01
We Like IES Holdings' (NASDAQ:IESC) Returns And Here's How They're Trending
MTZ
US$217.37
MasTec
7D
-2.7%
1Y
59.7%

Does MasTec (NYSE:MTZ) Deserve A Spot On Your Watchlist?

Jan 01
Does MasTec (NYSE:MTZ) Deserve A Spot On Your Watchlist?
ONEG
US$1.28
OneConstruction Group
7D
8.1%
1Y
-57.5%

OneConstruction Group's (NASDAQ:ONEG) Returns On Capital Not Reflecting Well On The Business

Dec 31
OneConstruction Group's (NASDAQ:ONEG) Returns On Capital Not Reflecting Well On The Business
CDNL
US$24.18
Cardinal Infrastructure Group
7D
3.1%
1Y
n/a
PWR
US$422.06
Quanta Services
7D
-2.7%
1Y
33.5%
DY
US$337.90
Dycom Industries
7D
-3.0%
1Y
94.1%

DY: Index Move And Higher Margin Outlook Will Drive Future Upside

Analysts have raised their price target for Dycom Industries by about 1 percent to approximately $389, citing slightly lower discount-rate assumptions, marginally stronger long term profit margins, and a modestly higher future earnings multiple that more than offset a small reduction in projected revenue growth. What's in the News Dycom Industries was dropped from the S&P 600 and simultaneously added to the S&P 400, reflecting a shift into a mid cap index category (index constituent changes).
NCRA
US$0.85
Nocera
7D
3.0%
1Y
0.3%
FIX
US$933.29
Comfort Systems USA
7D
-2.6%
1Y
120.1%

FIX: Future Index Inclusion And Buybacks Will Support Bullish Outlook

Analysts have raised their price target on Comfort Systems USA sharply, from about $500 to roughly $1,100 per share, citing stronger than expected Q3 revenue growth, robust pricing and hiring trends, and an improved multi year outlook for same store sales and profitability. Analyst Commentary While the latest price target increase reflects confidence in Comfort Systems USA's near term growth trajectory, some bearish analysts remain cautious on the sustainability of current trends and the implied valuation.
VMI
US$402.32
Valmont Industries
7D
-3.6%
1Y
31.2%

VMI: Future Share Repurchases Will Support Attractive Upside Potential

Analysts have modestly raised their price target on Valmont Industries from $455 to $459, reflecting slightly stronger long term revenue growth expectations and a marginally lower discount rate that together support a higher fair value multiple. What's in the News Management reiterated its focus on selective, strategic M&A, targeting smaller tuck in acquisitions that strengthen core businesses while balancing cost discipline and share repurchases (company commentary).
EME
US$611.79
EMCOR Group
7D
-2.3%
1Y
34.8%

EME: Normalized U.S. Electrical Margins Will Support Higher Long-Term Profitability

Analysts have raised their fair value estimate for EMCOR Group from $750 to $900 per share. This reflects confidence that underlying U.S. Electrical margins, which analysts note would be 14% or higher absent temporary project and acquisition headwinds, can support higher long term profitability despite a slightly higher discount rate and more moderate revenue growth assumptions.
JLHL
US$4.03
Julong Holding
7D
9.2%
1Y
n/a
APG
US$38.26
APi Group
7D
-2.9%
1Y
59.5%

APG: Long Term Margin Upside And Softer Revenues Will Keep Shares Rangebound

Analysts have nudged their price target on APi Group slightly higher to approximately $42.90 per share from about $42.30. This reflects updated assumptions of modestly higher future valuation multiples and significantly improved long term profitability, despite more conservative revenue growth expectations.
JFB
US$14.62
JFB Construction Holdings
7D
3.7%
1Y
n/a
PHOE
US$16.00
Phoenix Asia Holdings
7D
0.06%
1Y
n/a
SHIM
US$2.92
Shimmick
7D
2.5%
1Y
12.7%
MSGY
US$2.69
Masonglory
7D
0.4%
1Y
n/a