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U.S. Multi-Utilities Industry Analysis

UpdatedAug 06, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.6%
  • 3M-1.1%
  • 1Y3.7%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 3.6%, driven by Sempra declining 5.8%. In the past year, the industry has gained 3.7%. As for the next few years, earnings are expected to grow by 5.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 07 Aug 2026US$394.7bUS$153.3bUS$17.2b22.1x22.9x2.6x
Sun, 05 Jul 2026US$415.1bUS$151.6bUS$17.8b21.9x23.3x2.7x
Tue, 02 Jun 2026US$395.5bUS$151.6bUS$17.8b20.4x22.2x2.6x
Thu, 30 Apr 2026US$402.1bUS$147.8bUS$17.6b21x22.9x2.7x
Sat, 28 Mar 2026US$396.5bUS$147.4bUS$17.5b20.6x22.6x2.7x
Mon, 23 Feb 2026US$403.2bUS$146.3bUS$17.5b21.6x23x2.8x
Wed, 21 Jan 2026US$380.4bUS$143.1bUS$17.4b20x21.9x2.7x
Fri, 19 Dec 2025US$366.9bUS$143.1bUS$17.4b19.5x21.1x2.6x
Sun, 16 Nov 2025US$381.7bUS$143.1bUS$17.4b20.1x22x2.7x
Tue, 14 Oct 2025US$378.1bUS$138.4bUS$17.1b20.6x22.2x2.7x
Thu, 11 Sep 2025US$357.6bUS$138.4bUS$17.1b20x20.9x2.6x
Sat, 09 Aug 2025US$373.8bUS$138.4bUS$17.1b20.7x21.9x2.7x
Mon, 07 Jul 2025US$351.1bUS$135.1bUS$16.8b20.4x20.9x2.6x
Wed, 04 Jun 2025US$357.5bUS$135.1bUS$16.8b21x21.3x2.6x
Fri, 02 May 2025US$357.4bUS$131.5bUS$15.9b21.6x22.5x2.7x
Sun, 30 Mar 2025US$351.3bUS$130.3bUS$15.9b22.3x22.1x2.7x
Tue, 25 Feb 2025US$355.8bUS$130.2bUS$16.3b20.7x21.8x2.7x
Thu, 23 Jan 2025US$348.8bUS$128.9bUS$16.3b18.7x21.4x2.7x
Sat, 21 Dec 2024US$331.5bUS$128.9bUS$16.3b19.1x20.3x2.6x
Mon, 18 Nov 2024US$350.1bUS$128.9bUS$16.3b20.3x21.5x2.7x
Wed, 16 Oct 2024US$346.2bUS$128.0bUS$15.7b19.9x22x2.7x
Fri, 13 Sep 2024US$335.0bUS$128.0bUS$15.7b19.4x21.3x2.6x
Sun, 11 Aug 2024US$320.2bUS$128.0bUS$15.7b18.8x20.4x2.5x
Tue, 09 Jul 2024US$296.5bUS$126.7bUS$15.7b17.2x18.9x2.3x
Thu, 06 Jun 2024US$308.4bUS$126.7bUS$15.7b17.7x19.7x2.4x
Sat, 04 May 2024US$300.1bUS$130.1bUS$15.8b18.5x19x2.3x
Mon, 01 Apr 2024US$293.6bUS$131.6bUS$17.2b17.1x17x2.2x
Wed, 28 Feb 2024US$277.0bUS$131.8bUS$17.2b16.5x16.1x2.1x
Fri, 26 Jan 2024US$271.7bUS$138.1bUS$17.2b16.3x15.8x2x
Sun, 24 Dec 2023US$285.2bUS$138.1bUS$17.2b17x16.6x2.1x
Tue, 21 Nov 2023US$283.4bUS$138.1bUS$17.2b17.2x16.5x2.1x
Thu, 19 Oct 2023US$270.7bUS$141.3bUS$16.6b17.2x16.3x1.9x
Sat, 16 Sep 2023US$288.2bUS$141.3bUS$16.6b18x17.3x2x
Mon, 14 Aug 2023US$291.9bUS$141.3bUS$16.6b18.4x17.6x2.1x
Price to Earnings Ratio

17.6x


Total Market Cap: US$291.9bTotal 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 20.3x202420252026
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 22.9x which is higher than its 3-year average PE of 20.3x.
  • 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 2.8% 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 Market5.51%
Utilities-2.53%
Other Utilities-3.58%
Multi-Utilities-3.58%
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
BKH Black HillsUS$72.750.7%
+US$39.6m		20.5%PE19.2x
NWE NorthWestern Energy GroupUS$70.270.8%
+US$33.2m		26.9%PE25.2x
UTL UnitilUS$53.80-1.3%
US$633.9k		9.4%PE17.5x

Latest News

SRE
US$84.35
Sempra
7D
-5.8%
1Y
2.1%
NI
US$43.38
NiSource
7D
-3.7%
1Y
2.4%
PEG
US$75.04
Public Service Enterprise Group
7D
-3.2%
1Y
-14.2%
Narrative Update • Aug 05

PEG: Data Center Demand And New Jersey Reforms Will Drive Upside

For Public Service Enterprise Group, the updated analyst price target framework now points to an implied value of about $87 per share, a reduction of roughly $2 from the prior estimate of about $90. Analysts are factoring in recent target cuts tied to New Jersey regulatory headwinds, modestly adjusted earnings expectations and slightly lower future P/E assumptions, partly offset by firmer revenue growth forecasts.
UTL
US$53.80
Unitil
7D
-1.3%
1Y
9.4%
D
US$66.80
Dominion Energy
7D
-4.2%
1Y
8.2%
WEC
US$107.97
WEC Energy Group
7D
-1.9%
1Y
-2.5%
BKH
US$72.75
Black Hills
7D
0.7%
1Y
20.5%
NWE
US$70.27
NorthWestern Energy Group
7D
0.8%
1Y
26.9%
CMS
US$71.20
CMS Energy
7D
-1.5%
1Y
-4.5%
CNP
US$40.67
CenterPoint Energy
7D
-3.5%
1Y
4.6%
DTE
US$139.97
DTE Energy
7D
-1.2%
1Y
-0.2%