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

U.S. Multi-Utilities Industry Analysis

UpdatedJul 28, 2026
DataAggregated Company Financials
Companies16
  • 7D1.0%
  • 3M1.4%
  • 1Y11.1%
  • YTDn/a

In the last week, the Multi-Utilities industry is up 1.0%, with Public Service Enterprise Group leading the way, up 1.8%. This takes the industry's 12 month performance to a gain of 11%. Looking forward, earnings are forecast to grow by 6.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Jul 2026US$413.2bUS$151.6bUS$17.8b21.1x23.2x2.7x
Fri, 26 Jun 2026US$410.1bUS$151.6bUS$17.8b21.7x23x2.7x
Sun, 24 May 2026US$404.5bUS$151.6bUS$17.8b21x22.7x2.7x
Tue, 21 Apr 2026US$404.0bUS$147.4bUS$17.5b21.1x23x2.7x
Thu, 19 Mar 2026US$408.1bUS$147.4bUS$17.5b21x23.3x2.8x
Sat, 14 Feb 2026US$399.1bUS$145.1bUS$17.4b21.8x22.9x2.8x
Mon, 12 Jan 2026US$365.8bUS$143.1bUS$17.4b19.2x21.1x2.6x
Wed, 10 Dec 2025US$365.5bUS$143.1bUS$17.4b19.1x21.1x2.6x
Fri, 07 Nov 2025US$374.0bUS$142.0bUS$17.0b19.8x22x2.6x
Sun, 05 Oct 2025US$377.7bUS$138.4bUS$17.1b20.7x22.1x2.7x
Tue, 02 Sep 2025US$363.5bUS$138.4bUS$17.1b20.2x21.3x2.6x
Thu, 31 Jul 2025US$366.4bUS$135.7bUS$16.7b21.2x22x2.7x
Sat, 28 Jun 2025US$349.0bUS$135.1bUS$16.8b20.2x20.8x2.6x
Mon, 26 May 2025US$354.5bUS$135.1bUS$16.8b20.6x21.1x2.6x
Wed, 23 Apr 2025US$346.4bUS$130.3bUS$15.9b22.4x21.8x2.7x
Fri, 21 Mar 2025US$350.8bUS$130.3bUS$15.9b22.2x22.1x2.7x
Sun, 16 Feb 2025US$348.1bUS$130.1bUS$16.3b20.5x21.4x2.7x
Tue, 14 Jan 2025US$327.0bUS$128.9bUS$16.3b18.4x20.1x2.5x
Thu, 12 Dec 2024US$343.9bUS$128.9bUS$16.3b19.6x21.1x2.7x
Sat, 09 Nov 2024US$340.2bUS$128.9bUS$16.3b20.3x20.9x2.6x
Mon, 07 Oct 2024US$347.0bUS$128.0bUS$15.7b19.9x22.1x2.7x
Wed, 04 Sep 2024US$331.0bUS$128.0bUS$15.7b19.5x21.1x2.6x
Fri, 02 Aug 2024US$319.6bUS$126.9bUS$15.7b19.2x20.3x2.5x
Sun, 30 Jun 2024US$297.3bUS$126.7bUS$15.7b17.3x18.9x2.3x
Tue, 28 May 2024US$304.6bUS$126.7bUS$15.7b18.1x19.4x2.4x
Thu, 25 Apr 2024US$293.4bUS$131.6bUS$17.2b17.3x17x2.2x
Sat, 23 Mar 2024US$285.6bUS$131.6bUS$17.2b16.6x16.6x2.2x
Mon, 19 Feb 2024US$277.8bUS$136.8bUS$17.6b16x15.8x2x
Wed, 17 Jan 2024US$286.6bUS$138.1bUS$17.2b16.6x16.7x2.1x
Fri, 15 Dec 2023US$298.6bUS$138.1bUS$17.2b17.6x17.4x2.2x
Sun, 12 Nov 2023US$274.3bUS$138.1bUS$17.2b16.4x16x2x
Tue, 10 Oct 2023US$268.9bUS$141.3bUS$16.6b17x16.2x1.9x
Thu, 07 Sep 2023US$277.4bUS$141.3bUS$16.6b17.4x16.7x2x
Sat, 05 Aug 2023US$290.1bUS$141.3bUS$16.6b18.5x17.5x2.1x
Price to Earnings Ratio

17.5x


Total Market Cap: US$290.1bTotal 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 optimistic on the American Multi-Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.2x which is higher than its 3-year average PE 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 grown 4.5% per year over the last three years.
  • Revenues for these companies have grown 2.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

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

US Market-0.74%
Utilities1.40%
Other Utilities1.04%
Multi-Utilities1.04%
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$44.103.2%
+US$902.8m		15.2%PE26.9x
ED Consolidated EdisonUS$111.982.0%
+US$799.7m		9.5%PE19.1x
PEG Public Service Enterprise GroupUS$78.952.0%
+US$757.4m		-10.9%PE17.4x
AEE AmerenUS$112.512.3%
+US$711.3m		12.7%PE20.4x
D Dominion EnergyUS$70.621.1%
+US$677.2m		20.4%PE21.2x

Latest News

CMS
US$74.37
CMS Energy
7D
2.6%
1Y
2.9%
DTE
US$146.08
DTE Energy
7D
0.7%
1Y
6.6%
AEE
US$112.51
Ameren
7D
2.3%
1Y
12.7%
SRE
US$90.56
Sempra
7D
-0.03%
1Y
11.6%
PEG
US$78.95
Public Service Enterprise Group
7D
2.0%
1Y
-10.9%
NWE
US$72.29
NorthWestern Energy Group
7D
-0.3%
1Y
37.4%
Narrative Update • Jul 22

NWE: Merger Execution Risks Will Likely Limit Upside After Recent Repricing

Analysts have lifted their price target on NorthWestern Energy Group stock to $62 from $54, citing the pending all-stock merger with Black Hills and the reduced deal break risk, as well as potential benefits from greater scale, a stronger balance sheet, and broader infrastructure opportunities across data centers, transmission, generation, and gas. Analyst Commentary Recent research on NorthWestern Energy Group has centered on the pending all-stock merger with Black Hills, with analysts weighing the potential benefits of greater scale against execution and regulatory risks.
D
US$70.62
Dominion Energy
7D
1.1%
1Y
20.4%
Narrative Update • Jul 22

D: Megamerger And AI Power Demand Will Shape Fairly Valued Outlook

Analysts have nudged their price target on Dominion Energy up from $69.33 to $71.00. The revision reflects updated assumptions for revenue growth, profit margins, and future P/E expectations.
ED
US$111.98
Consolidated Edison
7D
2.0%
1Y
9.5%
WEC
US$113.61
WEC Energy Group
7D
1.6%
1Y
4.6%
CNP
US$44.10
CenterPoint Energy
7D
3.2%
1Y
15.2%