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U.S. Multi-Utilities Industry Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies15
  • 7D-0.6%
  • 3M2.8%
  • 1Y13.8%
  • YTDn/a

The Multi-Utilities industry has stayed flat over the last week. The past year has been better, since the industry has gained 14% in that time. 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
Sat, 20 Jun 2026US$400.5bUS$151.6bUS$17.8b20.7x22.4x2.6x
Mon, 18 May 2026US$387.6bUS$151.6bUS$17.8b20.2x21.7x2.6x
Wed, 15 Apr 2026US$405.4bUS$147.4bUS$17.5b21.3x23.1x2.7x
Fri, 13 Mar 2026US$399.4bUS$147.4bUS$17.6b21x22.7x2.7x
Sun, 08 Feb 2026US$383.0bUS$144.5bUS$17.4b20.3x22x2.6x
Tue, 06 Jan 2026US$365.6bUS$143.1bUS$17.4b19.2x21.1x2.6x
Thu, 04 Dec 2025US$373.8bUS$143.1bUS$17.4b19.6x21.5x2.6x
Sat, 01 Nov 2025US$375.5bUS$139.6bUS$17.1b20.4x21.9x2.7x
Mon, 29 Sep 2025US$373.4bUS$138.4bUS$17.1b20.7x21.9x2.7x
Wed, 27 Aug 2025US$364.8bUS$138.4bUS$17.1b20x21.4x2.6x
Fri, 25 Jul 2025US$364.2bUS$135.1bUS$16.8b21.5x21.7x2.7x
Sun, 22 Jun 2025US$346.6bUS$135.1bUS$16.8b20.4x20.6x2.6x
Tue, 20 May 2025US$355.8bUS$135.1bUS$16.8b21x21.2x2.6x
Thu, 17 Apr 2025US$350.9bUS$130.3bUS$15.9b21.7x22.1x2.7x
Sat, 15 Mar 2025US$340.4bUS$130.3bUS$15.9b21.9x21.4x2.6x
Mon, 10 Feb 2025US$342.6bUS$129.5bUS$16.7b20.1x20.5x2.6x
Wed, 08 Jan 2025US$331.5bUS$128.9bUS$16.3b18.7x20.3x2.6x
Fri, 06 Dec 2024US$352.2bUS$128.9bUS$16.3b20x21.6x2.7x
Sun, 03 Nov 2024US$339.8bUS$128.2bUS$16.1b19.4x21.1x2.7x
Tue, 01 Oct 2024US$343.9bUS$128.0bUS$15.7b20.1x21.9x2.7x
Thu, 29 Aug 2024US$329.4bUS$128.0bUS$15.7b19.1x21x2.6x
Sat, 27 Jul 2024US$311.9bUS$126.9bUS$15.8b18.5x19.7x2.5x
Mon, 24 Jun 2024US$295.9bUS$126.7bUS$15.7b17.3x18.9x2.3x
Wed, 22 May 2024US$311.9bUS$126.7bUS$15.7b18.5x19.9x2.5x
Fri, 19 Apr 2024US$284.4bUS$131.6bUS$17.2b16.8x16.5x2.2x
Sun, 17 Mar 2024US$284.2bUS$131.6bUS$17.2b16.5x16.5x2.2x
Tue, 13 Feb 2024US$277.2bUS$137.4bUS$17.4b15.9x15.9x2x
Thu, 11 Jan 2024US$292.6bUS$138.1bUS$17.2b17.5x17x2.1x
Sat, 09 Dec 2023US$287.7bUS$138.1bUS$17.2b17.7x16.7x2.1x
Mon, 06 Nov 2023US$279.7bUS$138.4bUS$17.1b16.7x16.3x2x
Wed, 04 Oct 2023US$262.0bUS$141.3bUS$16.6b16.5x15.8x1.9x
Fri, 01 Sep 2023US$284.7bUS$141.3bUS$16.6b17.7x17.1x2x
Sun, 30 Jul 2023US$307.6bUS$141.3bUS$15.0b19.4x20.5x2.2x
Tue, 27 Jun 2023US$299.7bUS$144.0bUS$14.9b19.8x20.2x2.1x
Price to Earnings Ratio

20.2x


Total Market Cap: US$299.7bTotal 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 20.2x202420252026
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 22.4x which is higher than its 3-year average PE of 20.2x.
  • 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 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 Market1.40%
Utilities0.57%
Other Utilities-0.57%
Multi-Utilities-0.57%
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
D Dominion EnergyUS$68.410.7%
+US$439.8m		26.2%PE20.6x
PEG Public Service Enterprise GroupUS$79.890.2%
+US$94.7m		-2.7%PE17.6x
DTE DTE EnergyUS$147.560.09%
+US$29.1m		11.5%PE24.3x
NI NiSourceUS$47.260.1%
+US$24.0m		19.6%PE23.5x

Latest News

PEG
US$79.89
Public Service Enterprise Group
7D
0.2%
1Y
-2.7%
Analysis Article • 7h

Public Service Enterprise Group (PEG) Stock Could Be 10.9% Undervalued After Strong Q1 Results

Public Service Enterprise Group (PEG) is back in focus after strong first quarter results, with management reiterating multi year earnings guidance and outlining substantial regulated capital investments that helped steady sentiment following recent valuation driven downgrades. See our latest analysis for Public Service Enterprise Group. At a latest share price of $79.89, Public Service Enterprise Group has seen a 1-day share price return of 0.62% and a 30-day share price return of 1.80%,...
DTE
US$147.56
DTE Energy
7D
0.09%
1Y
11.5%
AEE
US$108.67
Ameren
7D
-0.3%
1Y
14.8%
Analysis Article • 20h

Ameren (AEE) Stock Could Be 9.3% Undervalued After Dividend Growth Optimism

Ameren (AEE) has come into focus after recent commentary emphasized its dividend profile, including a relatively high yield and a five-year pattern of dividend increases. See our latest analysis for Ameren. Ameren’s share price has been relatively steady around $108.67 in the short term. The stock has gained 7.74% on a year to date share price basis and delivered a 54.86% total shareholder return over five years. This performance suggests interest has been building as investors focus on its...
ED
US$106.36
Consolidated Edison
7D
-1.3%
1Y
5.3%
Analysis Article • Jun 19

Consolidated Edison (ED) Stock Looks Fairly Valued After South Bronx Electric Bus Win

Consolidated Edison (ED) is in focus after helping energize New York State’s largest fleet of electric school buses in the South Bronx. This development highlights its role in transportation electrification infrastructure. See our latest analysis for Consolidated Edison. At a share price of $106.36, Consolidated Edison has seen its short term share price drift, with the 30 day share price return down 1.65%. However, the 1 year total shareholder return of 9.10% and 5 year total shareholder...
WEC
US$112.17
WEC Energy Group
7D
-1.1%
1Y
7.7%
Analysis Article • Jun 19

WEC Energy Group (WEC) Stock Could Be 9.7% Undervalued After Wisconsin Tariff Approval

Regulatory approval reshapes growth outlook for WEC Energy Group stock WEC Energy Group (WEC) is back in focus after Wisconsin regulators approved its Very Large Customer tariff, a move that directly targets new electric loads of 100 megawatts or more. This tariff is designed to let WEC Energy Group serve large industrial and data center style customers with clearer cost recovery and reduced project risk. It ties directly into the company’s planned US$37.5b capital program for 2026 to...
SRE
US$90.69
Sempra
7D
-1.7%
1Y
22.5%
BKH
US$72.75
Black Hills
7D
-1.0%
1Y
30.4%
CMS
US$73.38
CMS Energy
7D
-0.3%
1Y
6.3%
NWE
US$69.88
NorthWestern Energy Group
7D
-1.6%
1Y
37.4%
Narrative Update • Jun 17

NWE: Merger Progress And Infrastructure Pipeline Will Shape Future Risk Reward

Analysts have adjusted their price target on NorthWestern Energy Group, citing a roughly unchanged fair value estimate around $71.42. This reflects perceived benefits from the planned all stock merger with Black Hills, including increased scale, a stronger balance sheet, a broader jurisdictional spread, and a larger long term infrastructure project pipeline.
AVA
US$39.76
Avista
7D
-6.3%
1Y
6.2%
Analysis Article • Jun 16

Avista (AVA) Stock Could Be 4.3% Undervalued After Data Center Pause

Avista (AVA) recently paused new large data center energy requests, including talks on a prospective 500 MW project in Washington, after community concerns about its potential impact and the need for broader stakeholder alignment. See our latest analysis for Avista. The pause on data center requests has coincided with a 3.42% decline in Avista's 1 day share price return to $40.98 and a softer 7 day share price return of 2.43%. However, its year to date share price return of 5.84% and 1 year...
D
US$68.41
Dominion Energy
7D
0.7%
1Y
26.2%
NI
US$47.26
NiSource
7D
0.1%
1Y
19.6%
Narrative Update • Jun 05

NI: GenCo Data Center Agreements Will Support Future Returns And Customer Savings

Analysts have reaffirmed their $51.36 price target for NiSource, citing relatively steady assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News NiSource announced a long term energy agreement with an Alphabet subsidiary to support a large scale data center in northern Indiana, using the NIPSCO Generation LLC (GenCo) model to serve large load customers while aiming to provide benefits to existing customers and local communities.