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U.S. Multi-Utilities Industry Analysis

UpdatedMay 11, 2026
DataAggregated Company Financials
Companies15
  • 7D-3.5%
  • 3M1.2%
  • 1Y8.7%
  • YTDn/a

The Multi-Utilities industry is down 3.5% over the last week with Sempra the worst performer, down 3.0%. In the past year, the industry has gained 8.7%. 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
Mon, 11 May 2026US$391.4bUS$151.7bUS$17.8b20.4x21.9x2.6x
Wed, 08 Apr 2026US$406.2bUS$147.4bUS$17.5b21.2x23.2x2.8x
Fri, 06 Mar 2026US$408.6bUS$147.4bUS$17.6b21.2x23.2x2.8x
Sun, 01 Feb 2026US$379.2bUS$144.0bUS$17.5b19.8x21.7x2.6x
Tue, 30 Dec 2025US$368.9bUS$143.1bUS$17.4b19.4x21.3x2.6x
Thu, 27 Nov 2025US$382.0bUS$143.1bUS$17.4b20.5x22x2.7x
Sat, 25 Oct 2025US$381.7bUS$138.5bUS$17.2b20.9x22.2x2.8x
Mon, 22 Sep 2025US$361.9bUS$138.4bUS$17.1b20.3x21.2x2.6x
Wed, 20 Aug 2025US$363.5bUS$138.4bUS$17.1b20.5x21.3x2.6x
Fri, 18 Jul 2025US$352.9bUS$135.1bUS$16.8b20.8x21x2.6x
Sun, 15 Jun 2025US$351.1bUS$135.1bUS$16.8b20.6x20.9x2.6x
Tue, 13 May 2025US$354.8bUS$135.1bUS$16.8b20.6x21.1x2.6x
Thu, 10 Apr 2025US$329.7bUS$130.3bUS$15.9b21.4x20.8x2.5x
Sat, 08 Mar 2025US$337.8bUS$130.3bUS$15.9b21.9x21.2x2.6x
Mon, 03 Feb 2025US$339.7bUS$129.4bUS$16.5b19x20.6x2.6x
Wed, 01 Jan 2025US$336.1bUS$128.9bUS$16.3b19.2x20.6x2.6x
Fri, 29 Nov 2024US$364.3bUS$128.9bUS$16.3b20.6x22.3x2.8x
Sun, 27 Oct 2024US$348.6bUS$128.0bUS$15.9b19.7x22x2.7x
Tue, 24 Sep 2024US$340.9bUS$128.0bUS$15.7b19.8x21.7x2.7x
Thu, 22 Aug 2024US$326.3bUS$128.0bUS$15.7b19.1x20.8x2.5x
Sat, 20 Jul 2024US$307.8bUS$126.7bUS$15.7b19x19.6x2.4x
Mon, 17 Jun 2024US$297.9bUS$126.7bUS$15.7b17.4x19x2.4x
Wed, 15 May 2024US$310.1bUS$126.7bUS$15.7b18.5x19.8x2.4x
Fri, 12 Apr 2024US$285.5bUS$131.6bUS$17.2b16.7x16.6x2.2x
Sun, 10 Mar 2024US$289.0bUS$131.6bUS$17.2b16.9x16.8x2.2x
Tue, 06 Feb 2024US$274.9bUS$138.7bUS$17.2b16.2x16x2x
Thu, 04 Jan 2024US$292.6bUS$138.1bUS$17.2b17.5x17x2.1x
Sat, 02 Dec 2023US$281.5bUS$138.1bUS$17.2b17.7x16.4x2x
Mon, 30 Oct 2023US$265.5bUS$140.9bUS$16.7b16.9x15.9x1.9x
Wed, 27 Sep 2023US$276.0bUS$141.3bUS$16.6b17.1x16.6x2x
Fri, 25 Aug 2023US$285.0bUS$141.3bUS$16.6b17.6x17.1x2x
Sun, 23 Jul 2023US$312.1bUS$144.0bUS$14.9b21x21x2.2x
Tue, 20 Jun 2023US$304.6bUS$144.0bUS$14.9b20.3x20.5x2.1x
Thu, 18 May 2023US$302.6bUS$144.0bUS$14.9b20.2x20.4x2.1x
Price to Earnings Ratio

20.4x


Total Market Cap: US$302.6bTotal 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 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 20.1x.
  • 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 Market2.25%
Utilities-3.48%
Other Utilities-3.52%
Multi-Utilities-3.52%
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$75.230.4%
+US$29.1m		29.6%PE19.9x
NWE NorthWestern Energy GroupUS$72.390.6%
+US$27.6m		29.9%PE26.6x
AVA AvistaUS$40.820.6%
+US$25.5m		4.0%PE16.4x

Latest News

DTE
US$140.60
DTE Energy
7D
-4.2%
1Y
5.6%
ED
US$106.31
Consolidated Edison
7D
-3.0%
1Y
2.7%
AVA
US$40.82
Avista
7D
0.6%
1Y
4.0%
D
US$61.89
Dominion Energy
7D
-1.7%
1Y
12.8%
SRE
US$91.53
Sempra
7D
-3.0%
1Y
21.0%
WEC
US$111.66
WEC Energy Group
7D
-4.1%
1Y
6.4%
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$77.13
Public Service Enterprise Group
7D
-4.1%
1Y
-2.4%
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$75.23
Black Hills
7D
0.4%
1Y
29.6%
NWE
US$72.39
NorthWestern Energy Group
7D
0.6%
1Y
29.9%
CMS
US$72.61
CMS Energy
7D
-4.1%
1Y
3.6%
CNP
US$41.72
CenterPoint Energy
7D
-3.7%
1Y
13.2%