Narrative Update • May 08

Over the last 7 days, the Multi-Utilities industry has dropped 3.5%, and Dominion Energy contributed the most with a 4.5% decline. Over the past 12 months, the industry was up 8.7%. Looking forward, earnings are forecast to grow by 12% annually.
Has the U.S. Multi-Utilities Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 10 May 2026 | US$393.1b | US$151.7b | US$17.8b | 20.4x | 22x | 2.6x |
| Tue, 07 Apr 2026 | US$409.0b | US$147.4b | US$17.5b | 21.2x | 23.3x | 2.8x |
| Thu, 05 Mar 2026 | US$406.5b | US$147.4b | US$17.6b | 21.5x | 23.1x | 2.8x |
| Sat, 31 Jan 2026 | US$379.5b | US$144.0b | US$17.5b | 19.8x | 21.7x | 2.6x |
| Mon, 29 Dec 2025 | US$368.3b | US$143.1b | US$17.4b | 19.4x | 21.2x | 2.6x |
| Wed, 26 Nov 2025 | US$381.9b | US$143.1b | US$17.4b | 20.1x | 22x | 2.7x |
| Fri, 24 Oct 2025 | US$384.5b | US$138.4b | US$17.1b | 20.9x | 22.5x | 2.8x |
| Sun, 21 Sep 2025 | US$361.9b | US$138.4b | US$17.1b | 20.3x | 21.2x | 2.6x |
| Tue, 19 Aug 2025 | US$366.7b | US$138.4b | US$17.1b | 20.2x | 21.5x | 2.6x |
| Thu, 17 Jul 2025 | US$351.2b | US$135.1b | US$16.8b | 20.8x | 20.9x | 2.6x |
| Sat, 14 Jun 2025 | US$354.9b | US$135.1b | US$16.8b | 20.6x | 21.1x | 2.6x |
| Mon, 12 May 2025 | US$354.8b | US$135.1b | US$16.8b | 21.1x | 21.1x | 2.6x |
| Wed, 09 Apr 2025 | US$330.7b | US$130.3b | US$15.9b | 21.1x | 20.8x | 2.5x |
| Fri, 07 Mar 2025 | US$343.8b | US$130.3b | US$15.9b | 21.4x | 21.6x | 2.6x |
| Sun, 02 Feb 2025 | US$339.7b | US$129.4b | US$16.5b | 19x | 20.6x | 2.6x |
| Tue, 31 Dec 2024 | US$337.6b | US$128.9b | US$16.3b | 19.2x | 20.7x | 2.6x |
| Thu, 28 Nov 2024 | US$362.6b | US$128.9b | US$16.3b | 20.6x | 22.2x | 2.8x |
| Sat, 26 Oct 2024 | US$353.8b | US$128.0b | US$15.9b | 19.7x | 22.3x | 2.8x |
| Mon, 23 Sep 2024 | US$340.9b | US$128.0b | US$15.7b | 19.8x | 21.7x | 2.7x |
| Wed, 21 Aug 2024 | US$327.0b | US$128.0b | US$15.7b | 19.1x | 20.8x | 2.6x |
| Fri, 19 Jul 2024 | US$309.5b | US$126.7b | US$15.7b | 19.1x | 19.7x | 2.4x |
| Sun, 16 Jun 2024 | US$297.9b | US$126.7b | US$15.7b | 17.4x | 19x | 2.4x |
| Tue, 14 May 2024 | US$310.1b | US$126.7b | US$15.7b | 18.7x | 19.8x | 2.4x |
| Thu, 11 Apr 2024 | US$292.2b | US$131.6b | US$17.2b | 16.7x | 17x | 2.2x |
| Sat, 09 Mar 2024 | US$289.0b | US$131.6b | US$17.2b | 16.9x | 16.8x | 2.2x |
| Mon, 05 Feb 2024 | US$278.3b | US$138.7b | US$17.2b | 16.4x | 16.1x | 2x |
| Wed, 03 Jan 2024 | US$292.5b | US$138.1b | US$17.2b | 17.5x | 17x | 2.1x |
| Fri, 01 Dec 2023 | US$282.4b | US$138.1b | US$17.2b | 17.3x | 16.4x | 2x |
| Sun, 29 Oct 2023 | US$265.5b | US$140.9b | US$16.7b | 16.9x | 15.9x | 1.9x |
| Tue, 26 Sep 2023 | US$285.6b | US$141.3b | US$16.6b | 17.8x | 17.2x | 2x |
| Thu, 24 Aug 2023 | US$286.5b | US$141.3b | US$16.6b | 17.7x | 17.2x | 2x |
| Sat, 22 Jul 2023 | US$312.1b | US$144.0b | US$14.9b | 21x | 21x | 2.2x |
| Mon, 19 Jun 2023 | US$304.6b | US$144.0b | US$14.9b | 20.3x | 20.5x | 2.1x |
| Wed, 17 May 2023 | US$303.1b | US$144.0b | US$14.9b | 20.2x | 20.4x | 2.1x |
20.4x
How does U.S. Multi-Utilities compare with similar industries?
| US Market | 2.14% | |
| Utilities | -3.49% | |
| Other Utilities | -3.52% | |
| Multi-Utilities | -3.52% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NWE NorthWestern Energy Group | US$72.41 | 0.1% +US$3.7m | 26.9% | PE26.6x |