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U.S. Multi-Utilities Industry Analysis

UpdatedJun 29, 2026
DataAggregated Company Financials
Companies16
  • 7D4.4%
  • 3M3.9%
  • 1Y17.9%
  • YTDn/a

In the last week, the Multi-Utilities industry is up 4.4%, with all of the companies up. In the last 12 months, the industry was up 18%. 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
Mon, 29 Jun 2026US$418.2bUS$151.6bUS$17.8b22.2x23.4x2.8x
Wed, 27 May 2026US$404.5bUS$151.6bUS$17.8b20.9x22.7x2.7x
Fri, 24 Apr 2026US$393.8bUS$147.4bUS$17.5b21.3x22.5x2.7x
Sun, 22 Mar 2026US$388.5bUS$147.4bUS$17.5b20.2x22.2x2.6x
Tue, 17 Feb 2026US$407.1bUS$145.1bUS$17.4b21.8x23.4x2.8x
Thu, 15 Jan 2026US$370.7bUS$143.1bUS$17.4b19.7x21.4x2.6x
Sat, 13 Dec 2025US$364.3bUS$143.1bUS$17.4b19.4x21x2.5x
Mon, 10 Nov 2025US$383.0bUS$143.1bUS$17.3b20.1x22.1x2.7x
Wed, 08 Oct 2025US$380.5bUS$138.4bUS$17.1b20.5x22.3x2.7x
Fri, 05 Sep 2025US$360.9bUS$138.4bUS$17.1b20.1x21.1x2.6x
Sun, 03 Aug 2025US$371.7bUS$137.4bUS$17.1b20.2x21.7x2.7x
Tue, 01 Jul 2025US$349.8bUS$135.1bUS$16.8b20.4x20.8x2.6x
Thu, 29 May 2025US$358.0bUS$135.1bUS$16.8b20.4x21.3x2.6x
Sat, 26 Apr 2025US$356.1bUS$130.9bUS$15.8b21.9x22.5x2.7x
Mon, 24 Mar 2025US$348.5bUS$130.3bUS$15.9b22.1x21.9x2.7x
Wed, 19 Feb 2025US$348.1bUS$130.1bUS$16.3b20.8x21.4x2.7x
Fri, 17 Jan 2025US$334.6bUS$128.9bUS$16.3b19.2x20.5x2.6x
Sun, 15 Dec 2024US$341.2bUS$128.9bUS$16.3b19.6x20.9x2.6x
Tue, 12 Nov 2024US$346.8bUS$128.9bUS$16.3b20.3x21.3x2.7x
Thu, 10 Oct 2024US$341.5bUS$128.0bUS$15.7b19.5x21.7x2.7x
Sat, 07 Sep 2024US$331.7bUS$128.0bUS$15.7b19.2x21.1x2.6x
Mon, 05 Aug 2024US$326.4bUS$128.3bUS$15.6b19.3x21x2.5x
Wed, 03 Jul 2024US$294.0bUS$126.7bUS$15.7b17.3x18.7x2.3x
Fri, 31 May 2024US$302.1bUS$126.7bUS$15.7b17.7x19.2x2.4x
Sun, 28 Apr 2024US$292.8bUS$130.9bUS$17.2b17.9x17x2.2x
Tue, 26 Mar 2024US$285.6bUS$131.6bUS$17.2b16.5x16.6x2.2x
Thu, 22 Feb 2024US$277.8bUS$136.2bUS$17.6b16.2x15.8x2x
Sat, 20 Jan 2024US$277.9bUS$138.1bUS$17.2b16.3x16.2x2x
Mon, 18 Dec 2023US$287.7bUS$138.1bUS$17.2b17.3x16.7x2.1x
Wed, 15 Nov 2023US$272.0bUS$138.1bUS$17.2b16.9x15.8x2x
Fri, 13 Oct 2023US$274.5bUS$141.3bUS$16.6b17x16.5x1.9x
Sun, 10 Sep 2023US$284.0bUS$141.3bUS$16.6b17.5x17.1x2x
Tue, 08 Aug 2023US$290.6bUS$141.3bUS$16.6b18.6x17.5x2.1x
Thu, 06 Jul 2023US$304.0bUS$144.0bUS$14.9b20.2x20.5x2.1x
Price to Earnings Ratio

20.5x


Total Market Cap: US$304.0bTotal 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 optimistic on the American Multi-Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.4x which is higher than its 3-year average PE of 20.2x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 2.8x.
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-2.52%
Utilities3.32%
Other Utilities4.41%
Multi-Utilities4.41%
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
AEE AmerenUS$118.327.9%
+US$2.4b		23.2%PE21.5x
ED Consolidated EdisonUS$112.064.8%
+US$1.9b		11.7%PE19.2x
WEC WEC Energy GroupUS$118.855.1%
+US$1.9b		14.1%PE23.6x
SRE SempraUS$94.272.9%
+US$1.7b		24.4%PE32x
DTE DTE EnergyUS$154.435.2%
+US$1.6b		16.6%PE25.5x

Latest News

AEE
US$118.32
Ameren
7D
7.9%
1Y
23.2%
CNP
US$45.04
CenterPoint Energy
7D
4.5%
1Y
22.6%
Narrative Update • Jun 25

CNP: Future Returns Will Balance Data Center Demand And Regulatory Execution Risks

CenterPoint Energy's analyst price target has been adjusted slightly higher to about $46.13 from $46, as analysts factor in updated sector-wide utility models, modest changes to revenue growth and profit margin assumptions, and mixed price target revisions across recent research. Analyst Commentary Recent research on CenterPoint Energy reflects a mix of optimism around growth opportunities and caution around valuation and relative performance, which helps explain the modest adjustment in the consensus price target.
DTE
US$154.43
DTE Energy
7D
5.2%
1Y
16.6%
SRE
US$94.27
Sempra
7D
2.9%
1Y
24.4%
Narrative Update • Jun 22

SRE: New Texas Projects And LNG Pipeline Will Support Future Returns

Analysts have trimmed their price target on Sempra slightly, with fair value moving from about $103.62 to $103.50 as updated assumptions for discount rate, revenue growth, profit margin, and future P/E are incorporated into their models. What’s in the News for Sempra Sempra Infrastructure has placed the 72 mile, 42 inch Port Arthur Pipeline Louisiana Connector into service ahead of schedule and under budget, supporting up to 2 billion cubic feet per day of U.S. natural gas transport to the Port Arthur LNG Phase 1 export facility in Texas, according to recent reports.
PEG
US$83.58
Public Service Enterprise Group
7D
3.7%
1Y
-0.7%
Analysis Article • Jun 20

Public Service Enterprise Group (PEG) Stock Could Be 10.9% Undervalued After Strong Q1 Results

Public Service Enterprise Group (PEG) is back in focus after strong first quarter results, with management reiterating multi year earnings guidance and outlining substantial regulated capital investments that helped steady sentiment following recent valuation driven downgrades. See our latest analysis for Public Service Enterprise Group. At a latest share price of $79.89, Public Service Enterprise Group has seen a 1-day share price return of 0.62% and a 30-day share price return of 1.80%,...
ED
US$112.06
Consolidated Edison
7D
4.8%
1Y
11.7%
Analysis Article • Jun 19

Consolidated Edison (ED) Stock Looks Fairly Valued After South Bronx Electric Bus Win

Consolidated Edison (ED) is in focus after helping energize New York State’s largest fleet of electric school buses in the South Bronx. This development highlights its role in transportation electrification infrastructure. See our latest analysis for Consolidated Edison. At a share price of $106.36, Consolidated Edison has seen its short term share price drift, with the 30 day share price return down 1.65%. However, the 1 year total shareholder return of 9.10% and 5 year total shareholder...
WEC
US$118.85
WEC Energy Group
7D
5.1%
1Y
14.1%
Analysis Article • Jun 19

WEC Energy Group (WEC) Stock Could Be 9.7% Undervalued After Wisconsin Tariff Approval

Regulatory approval reshapes growth outlook for WEC Energy Group stock WEC Energy Group (WEC) is back in focus after Wisconsin regulators approved its Very Large Customer tariff, a move that directly targets new electric loads of 100 megawatts or more. This tariff is designed to let WEC Energy Group serve large industrial and data center style customers with clearer cost recovery and reduced project risk. It ties directly into the company’s planned US$37.5b capital program for 2026 to...
CMS
US$78.81
CMS Energy
7D
6.8%
1Y
13.8%