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U.S. Multi-Utilities Industry Analysis

UpdatedMay 28, 2026
DataAggregated Company Financials
Companies15
  • 7D1.0%
  • 3M-1.3%
  • 1Y12.9%
  • YTDn/a

Public Service Enterprise Group is up 2.3%, leading the way for the Multi-Utilities industry, which has gained 1.0%. In the last 12 months, the industry was up 13%. 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
Thu, 28 May 2026US$402.6bUS$151.6bUS$17.8b20.9x22.6x2.7x
Sat, 25 Apr 2026US$402.4bUS$147.5bUS$17.6b21.1x22.9x2.7x
Mon, 23 Mar 2026US$388.5bUS$147.4bUS$17.5b20.2x22.2x2.6x
Wed, 18 Feb 2026US$407.1bUS$146.1bUS$17.5b21.5x23.3x2.8x
Fri, 16 Jan 2026US$375.2bUS$143.1bUS$17.4b19.8x21.6x2.6x
Sun, 14 Dec 2025US$365.7bUS$143.1bUS$17.4b19.4x21.1x2.6x
Tue, 11 Nov 2025US$383.1bUS$143.1bUS$17.3b20x22.1x2.7x
Thu, 09 Oct 2025US$380.9bUS$138.4bUS$17.1b20.6x22.3x2.8x
Sat, 06 Sep 2025US$360.5bUS$138.4bUS$17.1b19.8x21.1x2.6x
Mon, 04 Aug 2025US$371.7bUS$137.4bUS$17.1b20.2x21.7x2.7x
Wed, 02 Jul 2025US$349.8bUS$135.1bUS$16.8b20.4x20.8x2.6x
Fri, 30 May 2025US$351.4bUS$135.1bUS$16.8b20.6x20.9x2.6x
Sun, 27 Apr 2025US$353.6bUS$130.9bUS$15.8b21.9x22.3x2.7x
Tue, 25 Mar 2025US$348.5bUS$130.3bUS$15.9b22x21.9x2.7x
Thu, 20 Feb 2025US$348.1bUS$130.1bUS$16.3b20.8x21.4x2.7x
Sat, 18 Jan 2025US$342.4bUS$128.9bUS$16.3b19.3x21x2.7x
Mon, 16 Dec 2024US$341.2bUS$128.9bUS$16.3b19.6x20.9x2.6x
Wed, 13 Nov 2024US$350.9bUS$128.9bUS$16.3b20.4x21.5x2.7x
Fri, 11 Oct 2024US$340.3bUS$128.0bUS$15.7b19.3x21.6x2.7x
Sun, 08 Sep 2024US$331.7bUS$128.0bUS$15.7b19.2x21.1x2.6x
Tue, 06 Aug 2024US$326.4bUS$128.3bUS$15.6b18.9x21x2.5x
Thu, 04 Jul 2024US$295.8bUS$126.7bUS$15.7b17.3x18.8x2.3x
Sat, 01 Jun 2024US$302.1bUS$126.7bUS$15.7b18.1x19.2x2.4x
Mon, 29 Apr 2024US$292.8bUS$130.9bUS$17.2b17.9x17x2.2x
Wed, 27 Mar 2024US$285.2bUS$131.6bUS$17.2b16.4x16.6x2.2x
Fri, 23 Feb 2024US$283.0bUS$135.9bUS$17.7b16.1x16x2.1x
Sun, 21 Jan 2024US$277.9bUS$138.1bUS$17.2b16.3x16.2x2x
Tue, 19 Dec 2023US$287.7bUS$138.1bUS$17.2b17.2x16.7x2.1x
Thu, 16 Nov 2023US$281.9bUS$138.1bUS$17.2b17x16.4x2x
Sat, 14 Oct 2023US$271.7bUS$141.3bUS$16.6b16.9x16.3x1.9x
Mon, 11 Sep 2023US$284.0bUS$141.3bUS$16.6b17.5x17.1x2x
Wed, 09 Aug 2023US$291.5bUS$141.3bUS$16.6b18.6x17.5x2.1x
Fri, 07 Jul 2023US$300.8bUS$144.0bUS$14.9b20.1x20.2x2.1x
Sun, 04 Jun 2023US$295.5bUS$144.0bUS$14.9b19.7x19.9x2.1x
Price to Earnings Ratio

19.9x


Total Market Cap: US$295.5bTotal 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 optimistic on the American Multi-Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.6x which is higher than its 3-year average PE of 20.1x.
  • 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 Market1.27%
Utilities1.44%
Other Utilities1.00%
Multi-Utilities1.00%
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
PEG Public Service Enterprise GroupUS$79.150.9%
+US$333.9m		-0.5%PE17.4x
AVA AvistaUS$41.280.9%
+US$29.7m		7.5%PE16.6x

Latest News

CMS
US$73.17
CMS Energy
7D
-0.6%
1Y
5.2%
AVA
US$41.28
Avista
7D
0.9%
1Y
7.5%
NI
US$46.77
NiSource
7D
-2.0%
1Y
20.0%
D
US$67.38
Dominion Energy
7D
-1.3%
1Y
20.3%
AEE
US$108.93
Ameren
7D
-0.8%
1Y
13.3%
SRE
US$90.03
Sempra
7D
-1.7%
1Y
15.5%
Narrative Update • May 20

SRE: Extended EPS Guidance And Rising Dividend Will Support Future Returns

Analysts have adjusted their Sempra price target to $104.00. The update reflects revised assumptions for revenue growth, profit margin, and a slightly lower future P/E multiple.
CNP
US$42.22
CenterPoint Energy
7D
-0.6%
1Y
13.8%
Seeking Alpha • May 19

CenterPoint Energy Is A Data Center Winner

Summary CenterPoint Energy is rated a "Buy," driven by its robust Texas-focused growth pipeline and strong earnings outlook. CNP targets 7%-9% annual EPS growth through 2035, supported by rapid population gains, industrial demand, and a favorable regulatory environment. Despite ongoing equity issuance to fund a $65.5 billion cap-ex plan, CNP expects to deliver 8%-9% EPS growth and a 2.2% dividend yield. CNP’s superior inflation control, large data center/industrial backlog, and capital recycling position it for 10%+ long-term total returns. Read the full article on Seeking Alpha
WEC
US$111.67
WEC Energy Group
7D
-0.4%
1Y
5.3%
ED
US$106.30
Consolidated Edison
7D
-1.0%
1Y
2.8%
PEG
US$79.15
Public Service Enterprise Group
7D
0.9%
1Y
-0.5%