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U.S. Multi-Utilities Industry Analysis

UpdatedSep 01, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.0%
  • 3M-4.0%
  • 1Y2.5%
  • YTDn/a

In the last week, the Multi-Utilities industry is flat overall, with Sempra standing out by going down 3.4%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 5.1% annually.

Industry Valuation and Performance

Has the U.S. Multi-Utilities Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 01 Sep 2026US$379.6bUS$153.8bUS$17.6b21x21.5x2.5x
Thu, 30 Jul 2026US$408.3bUS$151.8bUS$17.9b22.1x22.9x2.7x
Sat, 27 Jun 2026US$412.7bUS$151.6bUS$17.8b22.2x23.1x2.7x
Mon, 25 May 2026US$404.5bUS$151.6bUS$17.8b21x22.7x2.7x
Wed, 22 Apr 2026US$401.2bUS$147.4bUS$17.5b20.9x22.9x2.7x
Fri, 20 Mar 2026US$403.4bUS$147.4bUS$17.5b21x23x2.7x
Sun, 15 Feb 2026US$407.1bUS$145.1bUS$17.4b21.8x23.4x2.8x
Tue, 13 Jan 2026US$365.8bUS$143.1bUS$17.4b19.2x21.1x2.6x
Thu, 11 Dec 2025US$365.6bUS$143.1bUS$17.4b19x21.1x2.6x
Sat, 08 Nov 2025US$428.5bUS$142.4bUS$17.1b20.6x25.1x3x
Mon, 06 Oct 2025US$377.7bUS$138.4bUS$17.1b20.7x22.1x2.7x
Wed, 03 Sep 2025US$363.5bUS$138.4bUS$17.1b20.3x21.3x2.6x
Fri, 01 Aug 2025US$366.4bUS$136.0bUS$16.7b21.1x21.9x2.7x
Sun, 29 Jun 2025US$349.6bUS$135.1bUS$16.8b20.2x20.8x2.6x
Tue, 27 May 2025US$354.5bUS$135.1bUS$16.8b20.6x21.1x2.6x
Thu, 24 Apr 2025US$354.6bUS$130.3bUS$15.9b22.3x22.3x2.7x
Sat, 22 Mar 2025US$350.6bUS$130.3bUS$15.9b22.1x22.1x2.7x
Mon, 17 Feb 2025US$348.1bUS$130.1bUS$16.3b20.5x21.4x2.7x
Wed, 15 Jan 2025US$329.6bUS$128.9bUS$16.3b18.7x20.2x2.6x
Fri, 13 Dec 2024US$339.8bUS$128.9bUS$16.3b19.4x20.8x2.6x
Sun, 10 Nov 2024US$346.8bUS$128.9bUS$16.3b20.3x21.3x2.7x
Tue, 08 Oct 2024US$347.0bUS$128.0bUS$15.7b19.5x22.1x2.7x
Thu, 05 Sep 2024US$332.8bUS$128.0bUS$15.7b19.5x21.2x2.6x
Sat, 03 Aug 2024US$326.5bUS$128.3bUS$15.6b19.3x21x2.5x
Mon, 01 Jul 2024US$297.3bUS$126.7bUS$15.7b17.3x18.9x2.3x
Wed, 29 May 2024US$304.6bUS$126.7bUS$15.7b17.8x19.4x2.4x
Fri, 26 Apr 2024US$296.1bUS$130.9bUS$17.2b18.1x17.2x2.3x
Sun, 24 Mar 2024US$285.6bUS$131.6bUS$17.2b16.6x16.6x2.2x
Tue, 20 Feb 2024US$277.8bUS$136.8bUS$17.6b16x15.8x2x
Thu, 18 Jan 2024US$280.4bUS$138.1bUS$17.2b16.5x16.3x2x
Sat, 16 Dec 2023US$287.7bUS$138.1bUS$17.2b17.3x16.7x2.1x
Mon, 13 Nov 2023US$274.5bUS$138.1bUS$17.2b16.4x16x2x
Wed, 11 Oct 2023US$271.2bUS$141.3bUS$16.6b17x16.3x1.9x
Fri, 08 Sep 2023US$281.2bUS$141.3bUS$16.6b17.3x16.9x2x
Price to Earnings Ratio

16.9x


Total Market Cap: US$281.2bTotal Earnings: US$16.6bTotal Revenue: US$141.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Multi-Utilities Industry Price to Earnings3Y Average 20.4x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Multi-Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 20.4x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Multi-Utilities industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Comparison

How does U.S. Multi-Utilities compare with similar industries?

US Market0.071%
Utilities-2.48%
Other Utilities-1.00%
Multi-Utilities-1.00%
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
CNP CenterPoint EnergyUS$39.601.3%
+US$329.4m		5.0%PE23.4x
NI NiSourceUS$40.920.2%
+US$43.2m		-3.2%PE21.7x

Latest News

PEG
US$73.33
Public Service Enterprise Group
7D
-0.3%
1Y
-10.9%
Seeking Alpha • Aug 31

Public Service Enterprise: A Prime Candidate For Utility Exposure

Summary Founded in 1903, Public Service Enterprise Group (hereon referred to as PSEG) is now a $36 billion (by market cap) utility employing around 13,000 people. PSEG has increased its dividend for 15 consecutive years. Its 10-year dividend growth rate of 4.9% is somewhat middling, but I don’t think that tells the whole story. PSEG has an okay financial position. Its long-term debt/equity ratio is 1.3, while the interest coverage ratio is right about 3. Read the full article on Seeking Alpha
D
US$66.01
Dominion Energy
7D
-0.9%
1Y
10.2%
WEC
US$106.17
WEC Energy Group
7D
-1.3%
1Y
-0.3%
Narrative Update • Aug 24

WEC: Data Center Power Demand And Regulatory Shifts Will Shape Future Returns

Analysts have trimmed the WEC Energy Group price target to $121.62 from $124.19, reflecting refreshed models that factor in updated regulatory and political risks alongside steady views on the company's long term growth profile and relative P/E positioning. Analyst Commentary Recent Street research on WEC Energy Group points to a mixed backdrop, with analysts updating targets around regulatory developments, political headlines and the stock's current P/E positioning.
NI
US$40.92
NiSource
7D
0.2%
1Y
-3.2%
AEE
US$106.01
Ameren
7D
-1.1%
1Y
6.2%
SRE
US$81.70
Sempra
7D
-3.4%
1Y
-1.0%
CNP
US$39.60
CenterPoint Energy
7D
1.3%
1Y
5.0%
CMS
US$68.06
CMS Energy
7D
-0.5%
1Y
-4.9%
ED
US$107.02
Consolidated Edison
7D
-0.6%
1Y
8.9%
AVA
US$37.16
Avista
7D
-2.0%
1Y
1.7%