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U.S. Multi-Utilities Industry Analysis

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies15
  • 7D-1.2%
  • 3M-4.3%
  • 1Y8.0%
  • YTDn/a

The Multi-Utilities industry has stayed flat over the last week. The past year has been better, since the industry has gained 9.8% in that time. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Thu, 25 May 2023US$297.8bUS$144.0bUS$14.9b19.8x20x2.1x
Sat, 22 Apr 2023US$319.1bUS$138.1bUS$12.5b21.7x25.4x2.3x
Mon, 20 Mar 2023US$303.2bUS$138.1bUS$12.5b20.7x24.2x2.2x
Wed, 15 Feb 2023US$308.1bUS$136.6bUS$12.3b20.5x25.1x2.3x
Fri, 13 Jan 2023US$323.5bUS$134.2bUS$13.1b22.1x24.7x2.4x
Price to Earnings Ratio

24.7x


Total Market Cap: US$323.5bTotal Earnings: US$13.1bTotal Revenue: US$134.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Multi-Utilities Industry Price to Earnings3Y Average 20.3x202420252026
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 20.3x.
  • 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 9.9% per year over the last three years.
  • Revenues for these companies have grown 2.2% 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 Market0.48%
Utilities-0.32%
Other Utilities-1.18%
Multi-Utilities-1.18%
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
UTL UnitilUS$48.770.4%
+US$3.2m		-7.1%PE18.7x

Latest News

SRE
US$87.54
Sempra
7D
-1.7%
1Y
3.9%
PEG
US$79.34
Public Service Enterprise Group
7D
-1.9%
1Y
-7.1%

There's Reason For Concern Over Public Service Enterprise Group Incorporated's (NYSE:PEG) Price

Jan 03
There's Reason For Concern Over Public Service Enterprise Group Incorporated's (NYSE:PEG) Price
AEE
US$99.60
Ameren
7D
-1.1%
1Y
13.2%
D
US$58.69
Dominion Energy
7D
-0.6%
1Y
8.6%

D: Offshore Wind Progress And Earnings Outlook Will Support Steady Future Returns

Narrative Update on Analyst Price Target Analysts have trimmed their average price target on Dominion Energy by approximately $0.20 per share, reflecting slightly softer revenue growth expectations, partially offset by modestly improved profit margin and valuation assumptions. What's in the News Dominion Energy defended its Coastal Virginia Offshore Wind Project as essential to national security and Virginia grid reliability, warning that any halt could threaten power supplies for military, AI, data center, and shipbuilding operations, increase energy costs, and jeopardize thousands of jobs (Regulatory Authority – Compliance).
NI
US$41.57
NiSource
7D
-1.1%
1Y
16.2%
UTL
US$48.77
Unitil
7D
0.4%
1Y
-7.1%
CNP
US$38.10
CenterPoint Energy
7D
-1.3%
1Y
23.4%

CenterPoint Energy's (NYSE:CNP) Upcoming Dividend Will Be Larger Than Last Year's

Dec 18
CenterPoint Energy's (NYSE:CNP) Upcoming Dividend Will Be Larger Than Last Year's
CMS
US$69.47
CMS Energy
7D
-1.3%
1Y
5.7%

CMS: Data Center Demand And Regulation Will Shape Future Load And Earnings Visibility

Analysts have nudged their average price target for CMS Energy slightly lower to about $78, reflecting a modestly higher long term growth outlook but slightly lower projected margins and valuation multiples, amid still supportive views on the company’s regulatory backdrop and load growth. Analyst Commentary Analyst views on CMS Energy remain balanced, with recent actions reflecting both recognition of the company’s solid execution and questions around how much of that strength is already captured in the share price.
ED
US$98.50
Consolidated Edison
7D
-1.4%
1Y
11.9%