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U.S. Multi-Utilities Industry Analysis

UpdatedAug 27, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.2%
  • 3M-3.6%
  • 1Y3.6%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 1.2%, driven by Dominion Energy declining 2.0%. In the past year, the industry has gained 3.6%. As for the next few years, earnings are expected to grow by 5.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Aug 2026US$381.4bUS$153.8bUS$17.6b21.4x21.6x2.5x
Sat, 25 Jul 2026US$412.7bUS$151.6bUS$17.8b21.4x23.1x2.7x
Mon, 22 Jun 2026US$400.5bUS$151.6bUS$17.8b20.7x22.4x2.6x
Wed, 20 May 2026US$394.9bUS$151.6bUS$17.8b20.6x22.1x2.6x
Fri, 17 Apr 2026US$403.1bUS$147.4bUS$17.5b21.3x23x2.7x
Sun, 15 Mar 2026US$408.1bUS$147.4bUS$17.6b21.3x23.2x2.8x
Tue, 10 Feb 2026US$383.0bUS$144.5bUS$17.4b20.3x22x2.6x
Thu, 08 Jan 2026US$366.9bUS$143.1bUS$17.4b19.1x21.1x2.6x
Sat, 06 Dec 2025US$371.3bUS$143.1bUS$17.4b19.1x21.4x2.6x
Mon, 03 Nov 2025US$373.2bUS$140.5bUS$17.2b20.4x21.7x2.7x
Wed, 01 Oct 2025US$376.9bUS$138.4bUS$17.1b21x22.1x2.7x
Fri, 29 Aug 2025US$366.0bUS$138.4bUS$17.1b20x21.4x2.6x
Sun, 27 Jul 2025US$367.1bUS$135.2bUS$16.8b21.5x21.9x2.7x
Tue, 24 Jun 2025US$352.7bUS$135.1bUS$16.8b20.7x21x2.6x
Thu, 22 May 2025US$359.6bUS$135.1bUS$16.8b20.9x21.4x2.7x
Sat, 19 Apr 2025US$352.4bUS$130.3bUS$15.9b22.2x22.2x2.7x
Mon, 17 Mar 2025US$347.1bUS$130.3bUS$15.9b21.9x21.8x2.7x
Wed, 12 Feb 2025US$344.1bUS$129.5bUS$16.7b20.5x20.6x2.7x
Fri, 10 Jan 2025US$333.9bUS$128.9bUS$16.3b18.6x20.5x2.6x
Sun, 08 Dec 2024US$347.6bUS$128.9bUS$16.3b19.8x21.3x2.7x
Tue, 05 Nov 2024US$339.8bUS$128.4bUS$16.5b19.4x20.6x2.6x
Thu, 03 Oct 2024US$346.2bUS$128.0bUS$15.7b20x22x2.7x
Sat, 31 Aug 2024US$329.9bUS$128.0bUS$15.7b19.3x21x2.6x
Mon, 29 Jul 2024US$314.5bUS$126.9bUS$15.8b18.5x19.9x2.5x
Wed, 26 Jun 2024US$301.0bUS$126.7bUS$15.7b17.1x19.2x2.4x
Fri, 24 May 2024US$308.8bUS$126.7bUS$15.7b18x19.7x2.4x
Sun, 21 Apr 2024US$289.7bUS$131.6bUS$17.2b17.1x16.8x2.2x
Tue, 19 Mar 2024US$285.7bUS$131.6bUS$17.2b16.6x16.6x2.2x
Thu, 15 Feb 2024US$271.3bUS$137.4bUS$17.4b15.7x15.6x2x
Sat, 13 Jan 2024US$286.6bUS$138.1bUS$17.2b17.1x16.7x2.1x
Mon, 11 Dec 2023US$286.9bUS$138.1bUS$17.2b17.7x16.7x2.1x
Wed, 08 Nov 2023US$279.6bUS$138.4bUS$17.1b16.5x16.3x2x
Fri, 06 Oct 2023US$262.7bUS$141.3bUS$16.6b16.7x15.8x1.9x
Sun, 03 Sep 2023US$282.4bUS$141.3bUS$16.6b17.7x17x2x
Price to Earnings Ratio

17x


Total Market Cap: US$282.4bTotal 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 20.4x202420252026
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 20.4x.
  • 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 2.9% 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 Market-0.42%
Utilities-1.25%
Other Utilities-1.22%
Multi-Utilities-1.22%
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
NWE NorthWestern Energy GroupUS$71.481.3%
+US$55.4m		23.0%PE25.7x
BKH Black HillsUS$73.780.8%
+US$45.0m		22.3%PE18.8x
ED Consolidated EdisonUS$108.050.05%
+US$18.5m		8.0%PE18x

Latest News

PEG
US$74.03
Public Service Enterprise Group
7D
-1.7%
1Y
-10.6%
WEC
US$107.52
WEC Energy Group
7D
-1.7%
1Y
-0.1%
Narrative Update • Aug 24

WEC: Data Center Power Demand And Regulatory Shifts Will Shape Future Returns

Analysts have trimmed the WEC Energy Group price target to $121.62 from $124.19, reflecting refreshed models that factor in updated regulatory and political risks alongside steady views on the company's long term growth profile and relative P/E positioning. Analyst Commentary Recent Street research on WEC Energy Group points to a mixed backdrop, with analysts updating targets around regulatory developments, political headlines and the stock's current P/E positioning.
NI
US$41.13
NiSource
7D
-1.2%
1Y
-3.1%
AEE
US$107.75
Ameren
7D
-1.4%
1Y
6.8%
D
US$66.91
Dominion Energy
7D
-2.0%
1Y
10.9%
DTE
US$137.71
DTE Energy
7D
-1.1%
1Y
-0.5%
BKH
US$73.78
Black Hills
7D
0.8%
1Y
22.3%
CNP
US$39.59
CenterPoint Energy
7D
-2.0%
1Y
4.9%
CMS
US$69.23
CMS Energy
7D
-2.0%
1Y
-4.1%
ED
US$108.05
Consolidated Edison
7D
0.05%
1Y
8.0%
NWE
US$71.48
NorthWestern Energy Group
7D
1.3%
1Y
23.0%