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U.S. Multi-Utilities Industry Analysis

UpdatedMay 15, 2026
DataAggregated Company Financials
Companies15
  • 7D0.8%
  • 3M-3.4%
  • 1Y11.2%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has remained flat. The past year has been better, since the industry has gained 11% 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, 16 May 2026US$393.6bUS$151.6bUS$17.8b20.6x22.1x2.6x
Mon, 13 Apr 2026US$412.4bUS$147.4bUS$17.5b21.6x23.5x2.8x
Wed, 11 Mar 2026US$403.8bUS$147.4bUS$17.6b21x23x2.7x
Fri, 06 Feb 2026US$382.7bUS$144.0bUS$17.5b20.5x21.9x2.7x
Sun, 04 Jan 2026US$370.8bUS$143.1bUS$17.4b19.4x21.4x2.6x
Tue, 02 Dec 2025US$388.1bUS$143.1bUS$17.4b19.9x22.4x2.7x
Thu, 30 Oct 2025US$378.3bUS$138.5bUS$17.2b20.2x22x2.7x
Sat, 27 Sep 2025US$367.2bUS$138.4bUS$17.1b20.7x21.5x2.7x
Mon, 25 Aug 2025US$370.1bUS$138.4bUS$17.1b20.7x21.7x2.7x
Wed, 23 Jul 2025US$361.4bUS$135.1bUS$16.8b21.6x21.5x2.7x
Fri, 20 Jun 2025US$346.6bUS$135.1bUS$16.8b20.3x20.6x2.6x
Sun, 18 May 2025US$355.8bUS$135.1bUS$16.8b20.9x21.2x2.6x
Tue, 15 Apr 2025US$344.3bUS$130.3bUS$15.9b22.1x21.7x2.6x
Thu, 13 Mar 2025US$341.6bUS$130.3bUS$15.9b21.4x21.5x2.6x
Sat, 08 Feb 2025US$342.0bUS$129.5bUS$16.7b20.1x20.4x2.6x
Mon, 06 Jan 2025US$337.6bUS$128.9bUS$16.3b19.2x20.7x2.6x
Wed, 04 Dec 2024US$355.5bUS$128.9bUS$16.3b20.3x21.8x2.8x
Fri, 01 Nov 2024US$345.4bUS$128.0bUS$15.8b19.8x21.8x2.7x
Sun, 29 Sep 2024US$343.9bUS$128.0bUS$15.7b19.8x21.9x2.7x
Tue, 27 Aug 2024US$329.8bUS$128.0bUS$15.7b19.2x21x2.6x
Thu, 25 Jul 2024US$307.5bUS$126.7bUS$15.7b19.3x19.6x2.4x
Sat, 22 Jun 2024US$297.7bUS$126.7bUS$15.7b17.3x19x2.4x
Mon, 20 May 2024US$312.7bUS$126.7bUS$15.7b18.7x19.9x2.5x
Wed, 17 Apr 2024US$280.8bUS$131.6bUS$17.2b16.3x16.3x2.1x
Fri, 15 Mar 2024US$286.5bUS$131.6bUS$17.2b16.5x16.6x2.2x
Sun, 11 Feb 2024US$273.8bUS$137.4bUS$17.4b15.7x15.7x2x
Tue, 09 Jan 2024US$293.3bUS$138.1bUS$17.2b17.7x17.1x2.1x
Thu, 07 Dec 2023US$287.5bUS$138.1bUS$17.2b17.9x16.7x2.1x
Sat, 04 Nov 2023US$279.6bUS$138.4bUS$17.1b16.7x16.3x2x
Mon, 02 Oct 2023US$269.5bUS$141.3bUS$16.6b16.6x16.2x1.9x
Wed, 30 Aug 2023US$288.9bUS$141.3bUS$16.6b17.8x17.4x2x
Fri, 28 Jul 2023US$313.0bUS$143.9bUS$14.8b21.1x21.1x2.2x
Sun, 25 Jun 2023US$295.8bUS$144.0bUS$14.9b19.5x19.9x2.1x
Tue, 23 May 2023US$301.7bUS$144.0bUS$14.9b20.1x20.3x2.1x
Price to Earnings Ratio

20.3x


Total Market Cap: US$301.7bTotal 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 20.1x202420252026
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 Market1.15%
Utilities-0.74%
Other Utilities0.82%
Multi-Utilities0.82%
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
No data available

Latest News

CMS
US$71.64
CMS Energy
7D
-1.3%
1Y
0.2%
SRE
US$90.43
Sempra
7D
-1.2%
1Y
16.5%
PEG
US$76.44
Public Service Enterprise Group
7D
-0.9%
1Y
-3.6%
AEE
US$106.36
Ameren
7D
-2.5%
1Y
8.5%
Narrative Update • May 14

AEE: Data Center Demand And Dividend Policy Will Guide Future Returns

Ameren's updated analyst price target edges slightly lower to $120.40 from $120.53 as analysts factor in a modestly higher discount rate, a slightly lower future P/E of about 22.93, and small adjustments to long term revenue growth and profit margin assumptions following a series of mixed target changes across major banks. Analyst Commentary Recent Street research on Ameren shows a mix of optimism and caution, with several firms adjusting price targets in both directions and one new bullish initiation.
NI
US$46.30
NiSource
7D
-0.9%
1Y
18.5%
ED
US$105.36
Consolidated Edison
7D
-0.9%
1Y
1.0%
WEC
US$109.16
WEC Energy Group
7D
-2.2%
1Y
2.5%
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.
BKH
US$72.84
Black Hills
7D
-3.2%
1Y
24.5%