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U.S. Multi-Utilities Industry Analysis

UpdatedAug 28, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.8%
  • 3M-3.7%
  • 1Y3.7%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 1.8%, driven by Sempra declining 3.0%. Over the past 12 months, the industry was up 3.7%. 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
Fri, 28 Aug 2026US$384.7bUS$153.8bUS$17.6b21.1x21.8x2.5x
Sun, 26 Jul 2026US$413.2bUS$151.6bUS$17.8b21.4x23.2x2.7x
Tue, 23 Jun 2026US$400.5bUS$151.6bUS$17.8b20.8x22.4x2.6x
Thu, 21 May 2026US$399.5bUS$151.6bUS$17.8b20.5x22.4x2.6x
Sat, 18 Apr 2026US$405.6bUS$147.4bUS$17.5b21.4x23.1x2.8x
Mon, 16 Mar 2026US$408.1bUS$147.4bUS$17.6b21.3x23.2x2.8x
Wed, 11 Feb 2026US$383.2bUS$144.6bUS$17.4b20.7x22.1x2.7x
Fri, 09 Jan 2026US$362.1bUS$143.1bUS$17.4b19.1x20.9x2.5x
Sun, 07 Dec 2025US$369.1bUS$143.1bUS$17.4b19.1x21.3x2.6x
Tue, 04 Nov 2025US$373.2bUS$141.0bUS$17.3b20.1x21.5x2.6x
Thu, 02 Oct 2025US$378.3bUS$138.4bUS$17.1b20.8x22.2x2.7x
Sat, 30 Aug 2025US$362.5bUS$138.4bUS$17.1b20.2x21.2x2.6x
Mon, 28 Jul 2025US$367.1bUS$135.2bUS$16.8b21.5x21.9x2.7x
Wed, 25 Jun 2025US$352.7bUS$135.1bUS$16.8b20.6x21x2.6x
Fri, 23 May 2025US$353.9bUS$135.1bUS$16.8b20.5x21.1x2.6x
Sun, 20 Apr 2025US$352.4bUS$130.3bUS$15.9b22.2x22.2x2.7x
Tue, 18 Mar 2025US$347.1bUS$130.3bUS$15.9b22x21.8x2.7x
Thu, 13 Feb 2025US$346.2bUS$129.5bUS$16.4b20.5x21.1x2.7x
Sat, 11 Jan 2025US$333.9bUS$128.9bUS$16.3b18.4x20.5x2.6x
Mon, 09 Dec 2024US$347.6bUS$128.9bUS$16.3b19.8x21.3x2.7x
Wed, 06 Nov 2024US$335.3bUS$128.3bUS$16.5b19.7x20.3x2.6x
Fri, 04 Oct 2024US$347.7bUS$128.0bUS$15.7b19.9x22.1x2.7x
Sun, 01 Sep 2024US$331.0bUS$128.0bUS$15.7b19.3x21.1x2.6x
Tue, 30 Jul 2024US$314.5bUS$126.9bUS$15.8b18.5x19.9x2.5x
Thu, 27 Jun 2024US$296.1bUS$126.7bUS$15.7b17.2x18.9x2.3x
Sat, 25 May 2024US$302.8bUS$126.7bUS$15.7b18.1x19.3x2.4x
Mon, 22 Apr 2024US$289.7bUS$131.6bUS$17.2b17.1x16.8x2.2x
Wed, 20 Mar 2024US$286.8bUS$131.6bUS$17.2b16.7x16.6x2.2x
Fri, 16 Feb 2024US$272.8bUS$137.4bUS$17.4b16.1x15.7x2x
Sun, 14 Jan 2024US$286.6bUS$138.1bUS$17.2b17.1x16.7x2.1x
Tue, 12 Dec 2023US$289.3bUS$138.1bUS$17.2b17.8x16.8x2.1x
Thu, 09 Nov 2023US$277.4bUS$138.4bUS$17.1b16.4x16.2x2x
Sat, 07 Oct 2023US$265.1bUS$141.3bUS$16.6b16.9x15.9x1.9x
Mon, 04 Sep 2023US$282.4bUS$141.3bUS$16.6b17.7x17x2x
Price to Earnings Ratio

17x


Total Market Cap: US$282.4bTotal 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 20.4x202420252026
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 20.4x.
  • 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 Market1.16%
Utilities-1.32%
Other Utilities-1.79%
Multi-Utilities-1.79%
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
NWE NorthWestern Energy GroupUS$71.010.3%
+US$12.3m		23.5%PE25.5x
BKH Black HillsUS$73.420.2%
+US$9.9m		22.9%PE18.7x

Latest News

D
US$66.50
Dominion Energy
7D
-1.4%
1Y
11.2%
PEG
US$73.33
Public Service Enterprise Group
7D
-1.7%
1Y
-11.2%
WEC
US$106.28
WEC Energy Group
7D
-2.1%
1Y
-0.03%
Narrative Update • Aug 24

WEC: Data Center Power Demand And Regulatory Shifts Will Shape Future Returns

Analysts have trimmed the WEC Energy Group price target to $121.62 from $124.19, reflecting refreshed models that factor in updated regulatory and political risks alongside steady views on the company's long term growth profile and relative P/E positioning. Analyst Commentary Recent Street research on WEC Energy Group points to a mixed backdrop, with analysts updating targets around regulatory developments, political headlines and the stock's current P/E positioning.
AEE
US$106.75
Ameren
7D
-1.9%
1Y
7.0%
SRE
US$84.75
Sempra
7D
-3.0%
1Y
4.1%
BKH
US$73.42
Black Hills
7D
0.2%
1Y
22.9%
CNP
US$39.29
CenterPoint Energy
7D
-2.3%
1Y
4.8%
CMS
US$68.35
CMS Energy
7D
-2.1%
1Y
-4.0%
ED
US$106.69
Consolidated Edison
7D
-1.5%
1Y
8.7%
NWE
US$71.01
NorthWestern Energy Group
7D
0.3%
1Y
23.5%