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U.S. Multi-Utilities Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies15
  • 7D2.5%
  • 3M-0.9%
  • 1Y12.0%
  • YTDn/a

In the last week, the Multi-Utilities industry is up 1.0%, with all of the companies up. This means that the industry has gained 11% over the past year. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Jun 2026US$397.0bUS$151.6bUS$17.8b20.7x22.2x2.6x
Sat, 09 May 2026US$393.1bUS$151.7bUS$17.8b20.4x22x2.6x
Mon, 06 Apr 2026US$409.0bUS$147.4bUS$17.5b21.2x23.3x2.8x
Wed, 04 Mar 2026US$407.7bUS$147.4bUS$17.6b21.3x23.2x2.8x
Fri, 30 Jan 2026US$378.4bUS$144.0bUS$17.5b19.9x21.7x2.6x
Sun, 28 Dec 2025US$368.3bUS$143.1bUS$17.4b19.4x21.2x2.6x
Tue, 25 Nov 2025US$380.9bUS$143.1bUS$17.4b20.2x22x2.7x
Thu, 23 Oct 2025US$383.4bUS$138.4bUS$17.1b21.1x22.5x2.8x
Sat, 20 Sep 2025US$360.8bUS$138.4bUS$17.1b20.3x21.1x2.6x
Mon, 18 Aug 2025US$366.7bUS$138.4bUS$17.1b20.5x21.5x2.6x
Wed, 16 Jul 2025US$352.9bUS$135.1bUS$16.8b20.5x21x2.6x
Fri, 13 Jun 2025US$352.0bUS$135.1bUS$16.8b20.9x21x2.6x
Sun, 11 May 2025US$354.8bUS$135.1bUS$16.8b21.1x21.1x2.6x
Tue, 08 Apr 2025US$338.4bUS$130.3bUS$15.9b21.3x21.3x2.6x
Thu, 06 Mar 2025US$344.4bUS$130.3bUS$15.9b21.6x21.7x2.6x
Sat, 01 Feb 2025US$341.0bUS$129.4bUS$16.5b19x20.6x2.6x
Mon, 30 Dec 2024US$337.6bUS$128.9bUS$16.3b19.3x20.7x2.6x
Wed, 27 Nov 2024US$361.1bUS$128.9bUS$16.3b20.5x22.1x2.8x
Fri, 25 Oct 2024US$354.9bUS$128.0bUS$15.9b19.9x22.4x2.8x
Sun, 22 Sep 2024US$340.9bUS$128.0bUS$15.7b19.8x21.7x2.7x
Tue, 20 Aug 2024US$324.8bUS$128.0bUS$15.7b19.2x20.7x2.5x
Thu, 18 Jul 2024US$304.9bUS$126.7bUS$15.7b19.2x19.4x2.4x
Sat, 15 Jun 2024US$298.8bUS$126.7bUS$15.7b17.4x19x2.4x
Mon, 13 May 2024US$310.7bUS$126.7bUS$15.7b18.7x19.8x2.5x
Wed, 10 Apr 2024US$290.0bUS$131.6bUS$17.2b17.1x16.8x2.2x
Fri, 08 Mar 2024US$288.8bUS$131.6bUS$17.2b16.9x16.7x2.2x
Sun, 04 Feb 2024US$278.3bUS$138.7bUS$17.2b16.4x16.1x2x
Tue, 02 Jan 2024US$287.7bUS$138.1bUS$17.2b17.2x16.7x2.1x
Thu, 30 Nov 2023US$285.2bUS$138.1bUS$17.2b17.3x16.6x2.1x
Sat, 28 Oct 2023US$265.5bUS$140.9bUS$16.7b16.9x15.9x1.9x
Mon, 25 Sep 2023US$286.3bUS$141.3bUS$16.6b17.7x17.2x2x
Wed, 23 Aug 2023US$285.3bUS$141.3bUS$16.6b17.8x17.2x2x
Fri, 21 Jul 2023US$308.6bUS$144.0bUS$14.9b20.6x20.8x2.1x
Sun, 18 Jun 2023US$304.6bUS$144.0bUS$14.9b20.3x20.5x2.1x
Price to Earnings Ratio

20.5x


Total Market Cap: US$304.6bTotal 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 20.2x202420252026
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 20.2x.
  • 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 Market-4.05%
Utilities0.016%
Other Utilities2.45%
Multi-Utilities2.45%
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
ED Consolidated EdisonUS$107.604.0%
+US$1.5b		4.9%PE18.4x
WEC WEC Energy GroupUS$114.013.6%
+US$1.3b		8.0%PE22.7x
D Dominion EnergyUS$66.772.0%
+US$1.2b		20.2%PE20.1x
CMS CMS EnergyUS$73.464.6%
+US$1.0b		4.9%PE20.7x
SRE SempraUS$91.031.7%
+US$980.6m		19.8%PE30.9x

Latest News

CMS
US$73.46
CMS Energy
7D
4.6%
1Y
4.9%
Seeking Alpha • Jun 08

CMS Energy: An Undervalued Energy Holding Company For Long-Term Dividend Growth Investors

Summary CMS Energy is an American energy holding company. Founded in 1886, CMS is now a $22 billion (by market cap) energy player employing more than 8,000 people. CMS has increased its dividend for 20 consecutive years. Its 10-year dividend growth rate of 6.5% is very solid for a power utility. CMS has a fairly standard financial position for a power utility. Its long-term debt/equity ratio is 1.8, while the interest coverage ratio is over 2. The P/E ratio has compressed to 19.5. That compares favorably to its own five-year average of 21.8. Read the full article on Seeking Alpha
DTE
US$146.07
DTE Energy
7D
3.0%
1Y
8.2%
AEE
US$108.77
Ameren
7D
2.4%
1Y
13.5%
Narrative Update • Jun 07

AEE: Data Center Demand And Missouri Regulation Will Shape Future Returns

Narrative Update The blended analyst price target for Ameren has edged lower by about $0.53 to roughly $119.87, as analysts weigh slightly adjusted fair value and P/E assumptions in light of updated views on data center related growth and the Missouri regulatory backdrop. Analyst Commentary Recent research updates on Ameren reflect a mix of optimism around long term growth drivers and caution around current sector performance and valuation resets.
SRE
US$91.03
Sempra
7D
1.7%
1Y
19.8%
Narrative Update • Jun 06

SRE: LNG Milestone And Extended EPS Guidance Will Support Future Returns

Analysts have nudged their price target for Sempra slightly lower to about $103.62 from $104. This reflects updated views on fair value, growth, and margins while keeping core assumptions broadly steady.
D
US$66.77
Dominion Energy
7D
2.0%
1Y
20.2%
CNP
US$42.74
CenterPoint Energy
7D
2.9%
1Y
18.6%
Narrative Update • Jun 05

CNP: Future Returns Will Reflect Weather Resilience Efforts And Execution Risks

Analysts have trimmed the CenterPoint Energy fair value estimate slightly, with the target moving from $46.13 to $46.00. This reflects updated sector-wide utilities assumptions and refreshed views on long term growth, margins, and P/E levels after a mix of recent price target cuts and increases across the Street.
WEC
US$114.01
WEC Energy Group
7D
3.6%
1Y
8.0%
ED
US$107.60
Consolidated Edison
7D
4.0%
1Y
4.9%