Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Multi-Utilities Industry Analysis

UpdatedAug 11, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.1%
  • 3M-3.5%
  • 1Y1.9%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 2.1%, driven by a pullback from Sempra of 4.4%. This takes the industry's 12 month performance to a gain of 3.0%. As for the next few years, earnings are expected to grow by 5.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Aug 2026US$388.0bUS$153.8bUS$17.6b21.3x22x2.5x
Thu, 09 Jul 2026US$414.7bUS$151.6bUS$17.8b21.5x23.2x2.7x
Sat, 06 Jun 2026US$393.6bUS$151.6bUS$17.8b20.3x22.1x2.6x
Mon, 04 May 2026US$405.6bUS$148.7bUS$17.5b21.4x23.2x2.7x
Wed, 01 Apr 2026US$401.5bUS$147.4bUS$17.5b20.9x22.9x2.7x
Fri, 27 Feb 2026US$405.7bUS$147.4bUS$17.9b21.3x22.7x2.8x
Sun, 25 Jan 2026US$372.2bUS$143.1bUS$17.4b19.6x21.5x2.6x
Tue, 23 Dec 2025US$364.1bUS$143.1bUS$17.4b19.3x21x2.5x
Thu, 20 Nov 2025US$382.8bUS$143.1bUS$17.4b19.7x22.1x2.7x
Sat, 18 Oct 2025US$381.6bUS$138.4bUS$17.1b21.4x22.4x2.8x
Mon, 15 Sep 2025US$365.4bUS$138.4bUS$17.1b20.5x21.4x2.6x
Wed, 13 Aug 2025US$370.3bUS$138.4bUS$17.1b20.5x21.7x2.7x
Fri, 11 Jul 2025US$349.9bUS$135.1bUS$16.8b20.7x20.8x2.6x
Sun, 08 Jun 2025US$352.1bUS$135.1bUS$16.8b20.7x21x2.6x
Tue, 06 May 2025US$357.8bUS$134.0bUS$16.4b21.3x21.8x2.7x
Thu, 03 Apr 2025US$357.3bUS$130.3bUS$15.9b22.5x22.5x2.7x
Sat, 01 Mar 2025US$346.7bUS$130.3bUS$16.0b22x21.7x2.7x
Mon, 27 Jan 2025US$338.3bUS$128.9bUS$16.3b18.6x20.7x2.6x
Wed, 25 Dec 2024US$338.5bUS$128.9bUS$16.3b19.3x20.8x2.6x
Fri, 22 Nov 2024US$354.2bUS$128.9bUS$16.3b20.8x21.7x2.7x
Sun, 20 Oct 2024US$353.7bUS$128.0bUS$15.7b20.2x22.5x2.8x
Tue, 17 Sep 2024US$339.8bUS$128.0bUS$15.7b19.9x21.6x2.7x
Thu, 15 Aug 2024US$322.1bUS$128.0bUS$15.7b19x20.5x2.5x
Sat, 13 Jul 2024US$305.4bUS$126.7bUS$15.7b18.4x19.5x2.4x
Mon, 10 Jun 2024US$300.0bUS$126.7bUS$15.7b17.5x19.1x2.4x
Wed, 08 May 2024US$305.2bUS$127.1bUS$15.7b18.6x19.5x2.4x
Fri, 05 Apr 2024US$289.5bUS$131.6bUS$17.2b16.9x16.8x2.2x
Sun, 03 Mar 2024US$278.4bUS$131.6bUS$17.2b16.5x16.1x2.1x
Tue, 30 Jan 2024US$276.3bUS$138.1bUS$17.2b16.5x16.1x2x
Thu, 28 Dec 2023US$285.4bUS$138.1bUS$17.2b17.1x16.6x2.1x
Sat, 25 Nov 2023US$285.3bUS$138.1bUS$17.2b17.5x16.6x2.1x
Mon, 23 Oct 2023US$265.0bUS$141.3bUS$16.6b16.7x15.9x1.9x
Wed, 20 Sep 2023US$289.5bUS$141.3bUS$16.6b17.8x17.4x2x
Fri, 18 Aug 2023US$284.9bUS$141.3bUS$16.6b17.9x17.1x2x
Price to Earnings Ratio

17.1x


Total Market Cap: US$284.9bTotal 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 20.3x202420252026
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 20.3x.
  • 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 Market2.22%
Utilities-2.51%
Other Utilities-3.09%
Multi-Utilities-3.09%
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$73.703.5%
+US$197.3m		22.1%PE18.8x
NWE NorthWestern Energy GroupUS$71.223.4%
+US$142.7m		29.3%PE25.6x

Latest News

CNP
US$40.03
CenterPoint Energy
7D
-4.5%
1Y
3.8%
Seeking Alpha • 15h

CenterPoint Energy: Not Exciting After The Pullback

Summary CenterPoint Energy is capitalizing on Houston's rapid population, industrial, and data-center-driven electricity demand, supporting a $66.7B capital plan. CNP targets 7-9% non-GAAP EPS growth through 2035, but recent capital plan expansions require ongoing external financing and may introduce dilution risk. Shares trade at a 21.3x forward multiple, reflecting much of the growth story; dividend yield is below peers, and valuation offers limited margin of safety. I rate CNP a Hold, preferring either a lower entry point or clearer evidence of large-load pipeline conversion to contracted, rate-base-producing assets. Read the full article on Seeking Alpha
NWE
US$71.22
NorthWestern Energy Group
7D
3.4%
1Y
29.3%
NI
US$41.78
NiSource
7D
-6.2%
1Y
-0.9%
Narrative Update • Aug 07

NI: Approved Data Center Agreements Will Drive Future Returns And Customer Savings

Analysts have trimmed their price target for NiSource to $50.03 from $51.36. Updated models factor in a slightly higher discount rate, adjusted long term revenue growth and profit margin assumptions, and a lower future P/E multiple.
SRE
US$84.31
Sempra
7D
-3.9%
1Y
4.2%
WEC
US$106.12
WEC Energy Group
7D
-2.9%
1Y
-3.2%
BKH
US$73.70
Black Hills
7D
3.5%
1Y
22.1%
PEG
US$74.56
Public Service Enterprise Group
7D
-2.7%
1Y
-13.8%
Narrative Update • Aug 05

PEG: Data Center Demand And New Jersey Reforms Will Drive Upside

For Public Service Enterprise Group, the updated analyst price target framework now points to an implied value of about $87 per share, a reduction of roughly $2 from the prior estimate of about $90. Analysts are factoring in recent target cuts tied to New Jersey regulatory headwinds, modestly adjusted earnings expectations and slightly lower future P/E assumptions, partly offset by firmer revenue growth forecasts.
D
US$67.15
Dominion Energy
7D
-2.3%
1Y
9.2%
CMS
US$69.06
CMS Energy
7D
-3.7%
1Y
-5.3%
DTE
US$136.78
DTE Energy
7D
-3.5%
1Y
-2.2%