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U.S. Multi-Utilities Industry Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies16
  • 7D3.0%
  • 3M3.7%
  • 1Y16.6%
  • YTDn/a

In the last week, the Multi-Utilities industry is up 2.7%, with all of the companies up. This takes the industry's 12 month performance to a gain of 16%. 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
Fri, 26 Jun 2026US$410.1bUS$151.6bUS$17.8b21.7x23x2.7x
Sun, 24 May 2026US$404.5bUS$151.6bUS$17.8b21x22.7x2.7x
Tue, 21 Apr 2026US$404.0bUS$147.4bUS$17.5b21.1x23x2.7x
Thu, 19 Mar 2026US$408.1bUS$147.4bUS$17.5b21x23.3x2.8x
Sat, 14 Feb 2026US$399.1bUS$145.1bUS$17.4b21.8x22.9x2.8x
Mon, 12 Jan 2026US$365.8bUS$143.1bUS$17.4b19.2x21.1x2.6x
Wed, 10 Dec 2025US$365.5bUS$143.1bUS$17.4b19.1x21.1x2.6x
Fri, 07 Nov 2025US$374.0bUS$142.0bUS$17.0b19.8x22x2.6x
Sun, 05 Oct 2025US$377.7bUS$138.4bUS$17.1b20.7x22.1x2.7x
Tue, 02 Sep 2025US$363.5bUS$138.4bUS$17.1b20.2x21.3x2.6x
Thu, 31 Jul 2025US$366.4bUS$135.7bUS$16.7b21.2x22x2.7x
Sat, 28 Jun 2025US$349.0bUS$135.1bUS$16.8b20.2x20.8x2.6x
Mon, 26 May 2025US$354.5bUS$135.1bUS$16.8b20.6x21.1x2.6x
Wed, 23 Apr 2025US$346.4bUS$130.3bUS$15.9b22.4x21.8x2.7x
Fri, 21 Mar 2025US$350.8bUS$130.3bUS$15.9b22.2x22.1x2.7x
Sun, 16 Feb 2025US$348.1bUS$130.1bUS$16.3b20.5x21.4x2.7x
Tue, 14 Jan 2025US$327.0bUS$128.9bUS$16.3b18.4x20.1x2.5x
Thu, 12 Dec 2024US$343.9bUS$128.9bUS$16.3b19.6x21.1x2.7x
Sat, 09 Nov 2024US$340.2bUS$128.9bUS$16.3b20.3x20.9x2.6x
Mon, 07 Oct 2024US$347.0bUS$128.0bUS$15.7b19.9x22.1x2.7x
Wed, 04 Sep 2024US$331.0bUS$128.0bUS$15.7b19.5x21.1x2.6x
Fri, 02 Aug 2024US$319.6bUS$126.9bUS$15.7b19.2x20.3x2.5x
Sun, 30 Jun 2024US$297.3bUS$126.7bUS$15.7b17.3x18.9x2.3x
Tue, 28 May 2024US$304.6bUS$126.7bUS$15.7b18.1x19.4x2.4x
Thu, 25 Apr 2024US$293.4bUS$131.6bUS$17.2b17.3x17x2.2x
Sat, 23 Mar 2024US$285.6bUS$131.6bUS$17.2b16.6x16.6x2.2x
Mon, 19 Feb 2024US$277.8bUS$136.8bUS$17.6b16x15.8x2x
Wed, 17 Jan 2024US$286.6bUS$138.1bUS$17.2b16.6x16.7x2.1x
Fri, 15 Dec 2023US$298.6bUS$138.1bUS$17.2b17.6x17.4x2.2x
Sun, 12 Nov 2023US$274.3bUS$138.1bUS$17.2b16.4x16x2x
Tue, 10 Oct 2023US$268.9bUS$141.3bUS$16.6b17x16.2x1.9x
Thu, 07 Sep 2023US$277.4bUS$141.3bUS$16.6b17.4x16.7x2x
Sat, 05 Aug 2023US$290.1bUS$141.3bUS$16.6b18.5x17.5x2.1x
Mon, 03 Jul 2023US$298.7bUS$144.0bUS$14.9b19.7x20.1x2.1x
Price to Earnings Ratio

20.1x


Total Market Cap: US$298.7bTotal 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 22.8x which is higher than its 3-year average PE 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-2.68%
Utilities2.49%
Other Utilities3.04%
Multi-Utilities3.04%
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
SRE SempraUS$93.433.0%
+US$1.8b		24.7%PE31.7x
AEE AmerenUS$114.535.4%
+US$1.6b		20.1%PE20.8x
ED Consolidated EdisonUS$110.764.1%
+US$1.6b		12.5%PE18.9x
WEC WEC Energy GroupUS$117.074.4%
+US$1.6b		13.3%PE23.3x
PEG Public Service Enterprise GroupUS$82.633.4%
+US$1.4b		-0.5%PE18.2x

Latest News

D
US$69.51
Dominion Energy
7D
1.6%
1Y
26.0%
Narrative Update • Jun 25

D: Merger With NextEra And AI Power Demand Will Guide Future Returns

Analysts have slightly raised their price target for Dominion Energy to about $69.33 per share from roughly $69.25, citing updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E that remain broadly consistent with prior estimates. What's in the News NextEra Energy has agreed to acquire Dominion Energy in an all stock transaction valued at about US$66.8b to US$67.4b, creating what is described as the world's largest regulated electric utility.
DTE
US$152.81
DTE Energy
7D
3.6%
1Y
16.2%
SRE
US$93.43
Sempra
7D
3.0%
1Y
24.7%
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$82.63
Public Service Enterprise Group
7D
3.4%
1Y
-0.5%
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%,...
AEE
US$114.53
Ameren
7D
5.4%
1Y
20.1%
Analysis Article • Jun 19

Ameren (AEE) Stock Could Be 9.3% Undervalued After Dividend Growth Optimism

Ameren (AEE) has come into focus after recent commentary emphasized its dividend profile, including a relatively high yield and a five-year pattern of dividend increases. See our latest analysis for Ameren. Ameren’s share price has been relatively steady around $108.67 in the short term. The stock has gained 7.74% on a year to date share price basis and delivered a 54.86% total shareholder return over five years. This performance suggests interest has been building as investors focus on its...
ED
US$110.76
Consolidated Edison
7D
4.1%
1Y
12.5%
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$117.07
WEC Energy Group
7D
4.4%
1Y
13.3%
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$77.10
CMS Energy
7D
5.1%
1Y
11.5%