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U.S. Multi-Utilities Industry Analysis

UpdatedMay 13, 2026
DataAggregated Company Financials
Companies15
  • 7D-1.2%
  • 3M-0.3%
  • 1Y13.3%
  • YTDn/a

In the last week, the Multi-Utilities industry is down 1.2% with CenterPoint Energy down the most at 3.2%. Over the past 12 months, the industry was up 13%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 May 2026US$394.7bUS$151.6bUS$17.8b20.6x22.1x2.6x
Fri, 10 Apr 2026US$411.0bUS$147.4bUS$17.5b21.7x23.4x2.8x
Sun, 08 Mar 2026US$403.9bUS$147.4bUS$17.6b21.4x23x2.7x
Tue, 03 Feb 2026US$379.2bUS$144.0bUS$17.5b19.6x21.7x2.6x
Thu, 01 Jan 2026US$369.9bUS$143.1bUS$17.4b19.3x21.3x2.6x
Sat, 29 Nov 2025US$387.9bUS$143.1bUS$17.4b20.5x22.4x2.7x
Mon, 27 Oct 2025US$382.5bUS$138.5bUS$17.2b20.9x22.3x2.8x
Wed, 24 Sep 2025US$362.4bUS$138.4bUS$17.1b20.7x21.2x2.6x
Fri, 22 Aug 2025US$370.1bUS$138.4bUS$17.1b20.5x21.7x2.7x
Sun, 20 Jul 2025US$359.8bUS$135.1bUS$16.8b21.1x21.4x2.7x
Tue, 17 Jun 2025US$351.1bUS$135.1bUS$16.8b20.4x20.9x2.6x
Thu, 15 May 2025US$345.0bUS$135.1bUS$16.8b20x20.5x2.6x
Sat, 12 Apr 2025US$339.7bUS$130.3bUS$15.9b21.6x21.4x2.6x
Mon, 10 Mar 2025US$342.9bUS$130.3bUS$15.9b21.9x21.6x2.6x
Wed, 05 Feb 2025US$341.7bUS$129.5bUS$16.8b19.1x20.4x2.6x
Fri, 03 Jan 2025US$336.2bUS$128.9bUS$16.3b19.1x20.6x2.6x
Sun, 01 Dec 2024US$361.9bUS$128.9bUS$16.3b20.6x22.2x2.8x
Tue, 29 Oct 2024US$348.6bUS$128.0bUS$15.8b20.1x22.1x2.7x
Thu, 26 Sep 2024US$340.9bUS$128.0bUS$15.7b19.8x21.7x2.7x
Sat, 24 Aug 2024US$329.5bUS$128.0bUS$15.7b19.1x21x2.6x
Mon, 22 Jul 2024US$307.4bUS$126.7bUS$15.7b19x19.6x2.4x
Wed, 19 Jun 2024US$295.7bUS$126.7bUS$15.7b17.3x18.8x2.3x
Fri, 17 May 2024US$311.7bUS$126.7bUS$15.7b18.7x19.9x2.5x
Sun, 14 Apr 2024US$284.6bUS$131.6bUS$17.2b16.6x16.5x2.2x
Tue, 12 Mar 2024US$290.7bUS$131.6bUS$17.2b17x16.9x2.2x
Thu, 08 Feb 2024US$274.8bUS$138.7bUS$17.2b16.1x15.9x2x
Sat, 06 Jan 2024US$292.0bUS$138.1bUS$17.2b17.5x17x2.1x
Mon, 04 Dec 2023US$287.6bUS$138.1bUS$17.2b17.7x16.7x2.1x
Wed, 01 Nov 2023US$267.5bUS$141.0bUS$16.7b16.8x16x1.9x
Fri, 29 Sep 2023US$268.2bUS$141.3bUS$16.6b16.4x16.1x1.9x
Sun, 27 Aug 2023US$287.2bUS$141.3bUS$16.6b17.7x17.3x2x
Tue, 25 Jul 2023US$311.7bUS$144.0bUS$14.9b21x21x2.2x
Thu, 22 Jun 2023US$304.2bUS$144.0bUS$14.9b20.1x20.5x2.1x
Sat, 20 May 2023US$301.5bUS$144.0bUS$14.9b20.2x20.3x2.1x
Price to Earnings Ratio

20.3x


Total Market Cap: US$301.5bTotal Earnings: US$14.9bTotal Revenue: US$144.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Multi-Utilities Industry Price to Earnings3Y Average 20.1x202420252026
Current Industry PE
  • Investors are optimistic on the American Multi-Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.1x which is higher than its 3-year average PE of 20.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Multi-Utilities industry have grown 6.3% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

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

US Market1.52%
Utilities-2.32%
Other Utilities-1.18%
Multi-Utilities-1.18%
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
BKH Black HillsUS$74.300.6%
+US$40.5m		28.6%PE19.6x
NWE NorthWestern Energy GroupUS$71.500.7%
+US$31.4m		30.7%PE26.2x
UTL UnitilUS$50.780.7%
+US$6.7m		-6.1%PE16.4x

Latest News

NI
US$47.19
NiSource
7D
-2.1%
1Y
24.8%
ED
US$106.90
Consolidated Edison
7D
-2.1%
1Y
6.3%
SRE
US$93.41
Sempra
7D
-1.0%
1Y
24.3%
WEC
US$112.58
WEC Energy Group
7D
-2.3%
1Y
8.7%
Narrative Update • May 08

WEC: Data Center Capex And Governance Shifts Will Shape Fairly Balanced Outlook

The analyst price target for WEC Energy Group edges higher to $124.81 from $124.69, as analysts factor in modest tweaks to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions, alongside recent target increases across multiple firms. Analyst Commentary Recent research updates cluster around fresh price targets and a new coverage initiation, giving you a clearer view of how professionals are framing WEC Energy Group on valuation, growth plans, and execution risk.
PEG
US$78.62
Public Service Enterprise Group
7D
-1.4%
1Y
1.3%
Analysis Article • May 08

Public Service Enterprise Group Incorporated Just Recorded A 15% Revenue Beat: Here's What Analysts Think

Public Service Enterprise Group Incorporated ( NYSE:PEG ) just released its first-quarter report and things are looking...
BKH
US$74.30
Black Hills
7D
0.6%
1Y
28.6%
AEE
US$109.49
Ameren
7D
-1.9%
1Y
16.1%
UTL
US$50.78
Unitil
7D
0.7%
1Y
-6.1%
Analysis Article • May 07

Unitil Corporation Just Beat Revenue By 22%: Here's What Analysts Think Will Happen Next

Shareholders might have noticed that Unitil Corporation ( NYSE:UTL ) filed its quarterly result this time last week...
NWE
US$71.50
NorthWestern Energy Group
7D
0.7%
1Y
30.7%
CMS
US$73.31
CMS Energy
7D
-2.2%
1Y
5.9%
CNP
US$42.13
CenterPoint Energy
7D
-3.2%
1Y
14.9%