GURU.Markets stock price, segment price, and overall market index valuation
The company's share price IES Holdings Inc.
IES Holdings is a holding company operating in various construction and maintenance segments, from electrical installations to communications systems. Its share price reflects diversified demand from residential, commercial, and industrial construction.
Share prices of companies in the market segment - Building construction
IES Holdings is a holding company operating in various construction segments, from electrical installations to communications systems. We classify it as part of the Building Construction sector. The chart below shows the dynamics of this cyclical segment, which is dependent on construction activity.
Broad Market Index - GURU.Markets
IES Holdings is a diversified holding company providing design and installation services for electrical and mechanical systems across various industries. The company is a component of the GURU.Markets index. The chart below compares its price history with the overall market.
Change in the price of a company, segment, and market as a whole per day
IESC - Daily change in the company's share price IES Holdings Inc.
Shares of IES Holdings, an engineering company, exhibit volatility related to cycles in commercial and industrial construction. Daily price change is a measure of this sensitivity. This metric is important for analyzing the state of the construction sector through the lens of engineering services on System.GURU.Markets.
Daily change in the price of a set of shares in a market segment - Building construction
IES Holdings, Inc. is a holding company operating in the electrical and infrastructure services sector. This chart shows the average daily volatility of the industrial sector. Comparison with IESC's performance helps assess its sensitivity to construction and industrial cycles.
Daily change in the price of a broad market stock, index - GURU.Markets
IES Holdings is a diversified company providing electrical and infrastructure services. Its business is cyclical and dependent on activity in the construction sector. The chart below reflects the average volatility in this sector, helping to assess IES's performance.
Dynamics of market capitalization of the company, segment and the market as a whole over 12 months
Annual dynamics of the company's market capitalization IES Holdings Inc.
IES Holdings is a diversified holding company with interests across multiple industries. Its share price performance represents the combined impact of these diverse businesses and contributes uniquely to the complex and multifaceted picture of overall market volatility.
Annual dynamics of market capitalization of the market segment - Building construction
IES Holdings, Inc. is a holding company providing engineering and construction services across various sectors. Its diversified portfolio and acquisition strategy are key to its growth. The chart below shows how its flexible model and focus on niche markets impact its performance.
Annual dynamics of market capitalization of broad market stocks, index - GURU.Markets
IES Holdings is a diversified holding company operating in the construction and infrastructure sectors. Its stock performance reflects a mixed bag of construction cyclesโfrom residential to industrial to infrastructure. This makes its trajectory smoother than that of companies focused on a single segment.
Dynamics of market capitalization of the company, segment and the market as a whole for the month
Monthly dynamics of the company's market capitalization IES Holdings Inc.
IES Holdings is a diversified company operating in the electrical engineering, communications, and infrastructure sectors. The monthly fluctuations on the chart reflect the combined performance of its segments, which are driven by activity in housing construction, data centers, and industrial facilities.
Monthly dynamics of market capitalization of the market segment - Building construction
This chart illustrates the dynamics of the engineering and construction services sector. For IES, a diversified company, it provides context. Its movements are a barometer of activity across various construction segments, from residential to commercial and industrial.
Monthly dynamics of market capitalization of broad market stocks, index - GURU.Markets
IES Holdings is a diversified company providing services across four segments: electrical work, communications, infrastructure, and residential construction. The chart below shows overall market sentiment. IES's performance reflects the state of the construction and infrastructure industries, making it cyclical.
Dynamics of market capitalization of the company, segment and the market as a whole for the week
Weekly dynamics of the company's market capitalization IES Holdings Inc.
IES Holdings, a provider of engineering and construction services, follows cycles in the construction industry. Weekly stock performance reflects news of major infrastructure projects and the state of commercial and residential construction.
Weekly dynamics of market capitalization of the market segment - Building construction
IESC, like other construction companies, is entirely dependent on the overall health of the construction sector. Interest rates, labor availability, and material prices are common factors that affect all contractors. The chart below allows you to assess how closely IESC dynamics align with the overall construction cycle in the US.
Weekly dynamics of market capitalization of stocks of the broad market, index - GURU.Markets
IESC, as a company whose products are used in construction, is a classic cyclical asset. Its performance is closely tied to the overall economic and housing market, which are key drivers for the broader market. The chart will show how strongly IESC amplifies or dampens overall market movements.
Market capitalization of the company, segment and market as a whole
IESC - Market capitalization of the company IES Holdings Inc.
IES Holdings' market capitalization is a story of diversified growth across construction and industrial sectors. From electrical installations to equipment manufacturing, the company's stock chart reflects the state of various sectors of the US economy. Its dynamics reveal how the market views this complex yet resilient business model.
IESC - Share of the company's market capitalization IES Holdings Inc. within the market segment - Building construction
IES Holdings is a diversified holding company providing engineering and construction services across various sectors. Its share of its segment's market capitalization reflects the scale of its operations in electrical engineering, communications, and mechanics. The chart below shows how its weighting depends on its activity in the construction and industrial sectors.
Market capitalization of the market segment - Building construction
IES Holdings is an engineering company specializing in the design and installation of electrical and mechanical systems for buildings. The chart below shows the total market capitalization of the construction services sector. Its dynamics reflect activity in the commercial and residential construction markets.
Market capitalization of all companies included in a broad market index - GURU.Markets
IES Holdings is a diversified holding company operating in electrical engineering, communications, and infrastructure solutions. Its market capitalization reflects its diversified approach to industrial construction. On an economic scale, its value reflects the strength of companies that combine diverse engineering expertise to deliver complex projects.
Book value capitalization of the company, segment and market as a whole
IESC - Book value capitalization of the company IES Holdings Inc.
IES Holdings' book value represents a diversified set of industrial assets. It includes a fleet of electrical installation equipment, electrical equipment manufacturing facilities, and vehicles for infrastructure projects. The chart below shows how the company manages this portfolio of tangible assets across different but related industries.
IESC - Share of the company's book capitalization IES Holdings Inc. within the market segment - Building construction
IES Holdings, operating in the construction sector, owns a fleet of equipment and production facilities. These physical assets form the core of its operations. The S_BCap_Seg graph shows the share of material resources in the construction services sector controlled by IES.
Market segment balance sheet capitalization - Building construction
Below you can see the total book value of the construction sector. Against this backdrop, IES Holdings, as a holding company engaged in electrical and mechanical work, appears moderately capital-intensive. Its assets are not factories, but rather equipment and working capital for large projects.
Book value of all companies included in the broad market index - GURU.Markets
IES Holdings is a holding company engaged in the construction and maintenance of physical infrastructure: from electrical grids in buildings to industrial systems. Its assets include a fleet of equipment, warehouses of materials, and a staff of engineers. On the map of all economic assets shown in the graph, IES is one of those "assembling" it from its parts.
The ratio of market capitalization to book capitalization of a company, segment, and the market as a whole
Market capitalization to book capitalization ratio - IES Holdings Inc.
IES Holdings' balance sheet represents the value of its diversified businesses in construction and electrical engineering. Market valuation reflects management's belief in synergies and ability to effectively allocate capital. The MvsBCap_Co chart, when it is above one, indicates that the market values โโthe holding at a premium to the sum of its parts.
Market to book capitalization ratio in a market segment - Building construction
IES Holdings provides a wide range of engineering and construction services. Its business is based on contract execution. The chart shows how the market views its order book and operational efficiency. Its position relative to the sector reflects investor opinion on the quality of its management and prospects.
Market to book capitalization ratio for the market as a whole
IES Holdings is a holding company providing a wide range of engineering and construction services across various industries. The company's business is focused on contract execution and project management. This chart allows you to assess how the market views companies in the construction and engineering sectors compared to a general indicator reflecting investor sentiment.
Debts of the company, segment and market as a whole
IESC - Company debts IES Holdings Inc.
IES Holdings, a diversified electrical and mechanical contractor, uses debt to finance projects and acquisitions. This chart illustrates how the company manages capital to provide working capital for major construction contracts and to acquire smaller, specialized firms, expanding its expertise and geographic reach.
Market segment debts - Building construction
IES Holdings is a diversified company providing engineering and construction services across a variety of sectors, from residential to industrial. The project-based nature of the business requires flexible capital management. This chart allows you to assess how the company utilizes its balance sheet to finance ongoing projects and how its debt policy compares to the industry.
Market debt in general
Debt to book value of the company, segment and market as a whole
The company's debt to book capitalization ratio IES Holdings Inc.
IES Holdings is a holding company operating in various sectors, from electrical installations to industrial equipment manufacturing. This chart shows the financial structure of this diversified business. The debt level here reflects the holding's overall strategy for allocating capital across its divisions and funding both organic growth and acquisitions.
Market segment debt to market segment book capitalization - Building construction
IES Holdings provides electrical and infrastructure solutions for various industries. This chart shows the debt dynamics in the construction services sector. This allows investors to assess the financial sustainability of IES's diversified business model and how the company manages its capital in the cyclical construction market.
Debt to book value of all companies in the market
IES Holdings, a diversified construction company. The chart shows the overall market leverage. It allows one to assess how diversification across various segments (from residential to industrial) helps IES smooth out macroeconomic cycles and maintain a more stable debt policy compared to more specialized construction companies.
P/E of the company, segment and market as a whole
P/E - IES Holdings Inc.
This chart for IES Holdings, a diversified holding company operating in electrical installations, infrastructure, and industrial services, shows the valuation of its diverse assets. The company's P/E is dependent on the performance of several economic sectors. Its growth could be driven by a boom in data center construction or an increase in industrial orders.
P/E of the market segment - Building construction
This chart shows the average P/E for construction and engineering companies. For the diversified holding company IES, this is the benchmark. Comparing its P/E to the industry average helps understand how the market values โโits unique set of businesses, from electrical installation to manufacturing, compared to its more specialized competitors.
P/E of the market as a whole
IES Holdings is a diversified company providing engineering and construction services across sectors, from housing to industrial. Its performance reflects the state of several economic segments. This market sentiment chart helps assess how investors perceive this diversificationโas a source of stability or a lack of clear focus.
Future P/E of the company, segment and market as a whole
Future (projected) P/E of the company IES Holdings Inc.
IES Holdings is a holding company operating in four segments: electrical, communications, infrastructure, and residential construction. Future revenue depends on activity in these diverse sectors. This chart shows how investors view the synergies between divisions and growth prospects in key areas such as data centers and residential construction.
Future (projected) P/E of the market segment - Building construction
IES Holdings is a diversified holding company operating in electrical installation, communications, and infrastructure solutions. It performs a wide range of construction projects. The chart shows average expectations for the sector, helping to understand how analysts assess the prospects of IES's diversified business model in the current economic environment.
Future (projected) P/E of the market as a whole
IES Holdings is a diversified company operating in the electrical engineering, infrastructure solutions, and communications sectors. Their business is closely tied to construction and industrial activity. This general expectations chart serves as a leading indicator for them. Growing optimism foreshadows an increase in construction projects and modernization investments, which directly impacts all IES divisions.
Profit of the company, segment and market as a whole
Company profit IES Holdings Inc.
IES Holdings is a holding company operating in various segments, from electrical engineering to infrastructure solutions. This chart shows the results of this diversified business. Profits are dependent on the construction market, industrial investments, and government contracts. This broad range of activities helps the company be resilient to downturns in individual industries.
Profit of companies in the market segment - Building construction
IES Holdings, Inc. is a holding company engaged in electrical installation, communications, and infrastructure work. The company's profitability depends on activity in the construction sector, ranging from residential buildings to industrial facilities. The data in the chart shows how investments in construction and infrastructure modernization shape the overall profitability of this segment.
Overall market profit
IES Holdings is a holding company operating in various segments of infrastructure construction and maintenance, from electrical installations to communications systems. Its diversified business allows it to withstand cyclical fluctuations in individual industries. The company's financial results reflect overall investment activity in the US construction sector.
Future (predicted) profit of the company, segment and market as a whole
Future (projected) profit of the company IES Holdings Inc.
IES Holdings is a holding company providing engineering and construction services across various sectors, from commercial construction to infrastructure. Its profit forecast is dependent on overall activity in the US construction industry. This chart reflects analyst expectations regarding construction investment and the ability of IES's various segments to win new contracts.
Future (predicted) profit of companies in the market segment - Building construction
IES Holdings is a holding company providing a wide range of engineering and construction services across various sectors, from electrical installations to industrial equipment maintenance. This chart shows profitability forecasts for the construction industry. It reflects overall investment activity in the economy, which influences IES's order book.
Future (predicted) profit of the market as a whole
IES Holdings is a diversified company operating in several segments of infrastructure construction and maintenance. Its results are dependent on the performance of various economic sectors. This chart, reflecting overall profit expectations, serves as an aggregate indicator for all of IES's business lines. Rising forecasts indicate a recovery in construction and manufacturing, which is positive for the company.
P/S of the company, segment and market as a whole
P/S - IES Holdings Inc.
IES Holdings is a holding company operating in various segments, including electrical installation, communications, and industrial equipment. Its diversified revenue makes it resilient to downturns in individual industries. The chart shows how investors value this conglomerate, weighing the growth prospects of each of its business lines.
P/S market segment - Building construction
IES Holdings, Inc. is a holding company providing a wide range of engineering and construction services through its subsidiaries in sectors ranging from commercial construction to infrastructure. This chart shows the average valuation for the sector, allowing one to assess how the market values โโIES's diversified service portfolio and operational efficiency.
P/S of the market as a whole
IES Holdings is a holding company operating in the fields of electrical engineering, infrastructure solutions, and industrial services. Its business is diversified, but generally focused on construction and industrial services. This chart reflects the average market revenue valuation, providing insight into the valuation of this multidisciplinary engineering contractor.
Future P/S of the company, segment and market as a whole
Future (projected) P/S of the company IES Holdings Inc.
IES Holdings is a holding company providing engineering and construction services across various sectors, including infrastructure and commercial construction. This chart shows how investors view the company's future earnings. The trend reflects expectations for activity in the construction industry and IES's ability to win new contracts.
Future (projected) P/S of the market segment - Building construction
IES Holdings provides design and installation services for electrical and mechanical systems for commercial and industrial buildings. This chart compares the company's estimated future sales with its industry. It helps understand how investors view the prospects in the nonresidential construction sector and IES's ability to win new contracts.
Future (projected) P/S of the market as a whole
This revenue expectations chart reflects the state of the construction and industrial sectors. IES Holdings, providing electrical and mechanical services for construction and maintenance, is a significant contractor. Their order volumes for new projects and modernization of existing ones directly correlate with investment activity in the real economy.
Sales of the company, segment and market as a whole
Company sales IES Holdings Inc.
IES Holdings is a holding company that combines businesses in various sectors, including electrical installation, communications, and infrastructure solutions. Its revenue is the combined result of the activities of these diverse divisions. This chart reflects the overall state of construction and industrial activity in the US, on which most of its businesses depend.
Sales of companies in the market segment - Building construction
IES Holdings is a holding company providing a wide range of services in electrical installations, communications systems, and industrial maintenance for various industries. This chart shows total revenue in the construction services sector. It reflects activity in commercial and industrial construction, which directly impacts IES Holdings' order book.
Overall market sales
IES Holdings is a holding company providing a wide range of services in electrical and mechanical engineering, as well as infrastructure solutions. Its business is dependent on activity in the construction and industrial sectors. This overall economic activity chart serves as an indicator of construction volumes and capital expenditures, which are key drivers for IES.
Future sales volume of the company, segment and market as a whole
Future (projected) sales of the company IES Holdings Inc.
IES Holdings is an engineering company specializing in the design and installation of electrical and mechanical systems for a variety of projects, from residential buildings to data centers. Demand for its services depends on construction activity. The chart shows analyst revenue forecasts, reflecting their expectations for the construction market and investment.
Future (projected) sales of companies in the market segment - Building construction
IES Holdings is a holding company providing engineering and construction services across various sectors, including electrical installation, communications, and mechanical systems. Demand for its services is driven by activity in the commercial and residential construction sectors. This chart shows projected revenues for the entire construction sector, reflecting overall expectations for investment in new projects.
Future (projected) sales of the market as a whole
IES Holdings is an engineering company providing electrical, mechanical, and communications services for various construction projects. Demand for its services is directly dependent on activity in the construction sector. This chart of overall business activity forecasts serves as a leading indicator of construction volumes, which drive IES's order book.
Marginality of the company, segment and market as a whole
Company marginality IES Holdings Inc.
IES Holdings is a holding company providing a wide range of engineering and construction services. This metric demonstrates the overall performance of its diverse businesses. It shows what percentage of contract revenue the company converts into net profit across various segments, reflecting its ability to manage projects and costs.
Market segment marginality - Building construction
IES Holdings is a diversified company providing services in electrical engineering, communications, and infrastructure solutions. In the project business, contract execution efficiency plays a key role. This chart compares IES's operating margins with those of its competitors, allowing us to assess its ability to manage complex projects and control costs better than the industry average.
Market marginality as a whole
#VALUE!
Employees in the company, segment and market as a whole
Number of employees in the company IES Holdings Inc.
IES Holdings is a diversified company providing engineering and construction services across various sectors, from commercial real estate to infrastructure. This chart reflects the volume of its contract work. The growth in the number of engineers, electricians, and fitters is directly related to the awarding of new major projects and overall activity in the construction industry.
Share of the company's employees IES Holdings Inc. within the market segment - Building construction
IES Holdings is a holding company providing a wide range of engineering and construction services. This chart shows the percentage of qualified engineers and technicians the company employs in various construction segments. Its diverse team enables it to implement complex projects ranging from electrical grids to industrial systems.
Number of employees in the market segment - Building construction
IES Holdings, Inc. is a holding company providing a wide range of engineering and construction services across various segments, from electrical installation to infrastructure. This chart shows overall employment in the construction sector. Its dynamics are a key indicator for IES, as increased construction activity directly translates into an increase in the number of contracts for the company.
Number of employees in the market as a whole
IES Holdings is a diversified company providing electrical, mechanical, and communications services to the construction industry. The growth in headcount in this chart is directly related to activity in the construction sector. The company employs thousands of electricians and technicians to work on large commercial, industrial, and infrastructure projects across the country.
Market capitalization per employee (in thousands of dollars) of the company, segment, and market as a whole
Market capitalization per employee (in thousands of dollars) of the company IES Holdings Inc. (IESC)
IES Holdings is a holding company operating in the construction and engineering sectors. It's a business where the core value is created by the skilled labor of thousands of electricians, fitters, and engineers. This chart shows that the company is not capital-intensive; its success depends on its people. Therefore, the market capitalization per employee will be low.
Market capitalization per employee (in thousands of dollars) in the market segment - Building construction
IES Holdings provides design and installation services for electrical and mechanical systems. It's a people-heavy service business. Value is created in the field by thousands of qualified electricians and engineers. This metric, compared to the industry average, helps assess the value generated by each field employee.
Market capitalization per employee (in thousands of dollars) for the overall market
IES Holdings, Inc. is a holding company engaged in engineering and construction work across various sectors (electrical grids, communications). It's a service business, and its success directly depends on the qualifications and number of engineers and technicians. The employee rate here is an indicator of how effectively the company manages its workforce on projects.
Profit per employee (in thousands of dollars) for the company, segment, and market as a whole
Profit per employee (in thousands of dollars) of the company IES Holdings Inc. (IESC)
IES Holdings is a holding company providing engineering and construction services in various fields, including electrical installations, communications, and infrastructure. It's a B2B service business, where its core asset is its qualified technical specialists. This chart shows how effectively the company manages its projects and personnel to generate profit.
Profit per employee (in thousands of dollars) in the market segment - Building construction
IES Holdings is a holding company of B2B contractors (electrical, HVAC, infrastructure). It competes with EMCOR. This chart shows the benchmark for "Building Construction." In this B2B sector, the benchmark profit per employee (engineer, installer) is higher than in "simple" construction due to the high technical expertise.
Profit per employee (in thousands of dollars) for the market as a whole
IES Holdings (IESC) is a holding company providing a wide range of engineering and construction services across three segments: infrastructure, communications (cabling), and commercial/industrial projects. This chart helps understand how the engineering and construction sector, which relies heavily on field crews and project managers, is effective in generating profit per employee compared to the overall market.
Sales to employees of the company, segment and market as a whole
Sales per company employee IES Holdings Inc. (IESC)
At IES Holdings, a diversified holding company specializing in electrical and infrastructure services, this chart shows labor productivity. It reflects how efficiently its numerous subsidiaries execute projects, from cable installation to system installation, generating revenue through their teams.
Sales per employee in the market segment - Building construction
IES Holdings is a holding company providing engineering and construction services in various fields (electrical, mechanical). It is a service business dependent on qualified personnel. This metric measures average revenue per employee by segment. It demonstrates how effectively IES manages its technical specialists and executes projects compared to other engineering companies.
Sales per employee for the market as a whole
IES Holdings (IESC) is a holding company providing a wide range of engineering and construction services, from electrical installation to infrastructure maintenance. This metric reflects the productivity of their teams. Increasing revenue per employee demonstrates that the company effectively manages its projects and contracts, maximizing output per engineer and technician.
Short shares by company, segment and market as a whole
Shares shorted by company IES Holdings Inc. (IESC)
IES Holdings is a diversified holding company operating across several industrial segments, including electrical engineering, communications, and infrastructure services. Its business is sensitive to cycles in construction and industry. This chart reflects investor bets on a slowdown in nonresidential construction and lower capital expenditures in the sectors IES serves.
Shares shorted by market segment - Building construction
IES Holdings (IESC) is a holding company providing engineering and construction services across four segments: communications, residential, commercial, and infrastructure. This chart shows the overall short position in the construction services sector. It reflects market expectations for a slowdown in construction activity, both in the residential sector and in large infrastructure projects.
Shares shorted by the overall market
IES Holdings (IESC) is a holding company engaged in electrical installation work and infrastructure solutions. Their business is directly tied to the pace of construction. When Short_All rises, it signals recession fears. This pessimism freezes commercial and residential construction, which immediately reduces demand for contractors like IESC.
RSI 14 indicator for a company, segment, and market as a whole
The company's RSI 14 indicator IES Holdings Inc. (IESC)
IES Holdings is a holding company operating in the electrical installation, communications, and infrastructure sectors. The business is dependent on construction and capital expenditures. A IESC chart above 70 may reflect strong demand in its segments. Oversold territory (<30) often signals concerns about a cyclical downturn.
RSI 14 Market Segment - Building construction
IES Holdings is a diversified holding company providing engineering and construction services across four segments: communications, residential construction, commercial, and industrial. This indicator reflects the overall health of the construction and engineering sector and helps understand whether the entire segment is overheated amid investment in infrastructure and data centers.
RSI 14 for the overall market
IES Holdings is a contractor specializing in the design and installation of electrical and mechanical systems in buildings. Their business is directly dependent on the pace of new construction. This chart, showing market euphoria, coincides with a real estate boom. During periods of panic (overselling), construction projects are frozen, and IES's order book shrinks.
Analyst consensus forecast for the company's share price, the segment, and the market as a whole
Analyst consensus stock price forecast IESC (IES Holdings Inc.)
IES Holdings is a diversified holding company operating in four segments: electrical work, infrastructure solutions, cables, and residential equipment. This chart shows the average 12-month target from analysts, reflecting their expectations for commercial construction activity and demand for their products in the data center sector.
The difference between the consensus estimate and the actual stock price IESC (IES Holdings Inc.)
IES Holdings (IESC) is a holding company providing electrical and infrastructure services for commercial, residential, and industrial construction. This chart shows the electrification price gap. It measures the gap between the price and the consensus target, reflecting the potential analysts see in grid modernization and the construction boom.
Analyst consensus forecast for stock prices by market segment - Building construction
IES Holdings is a diversified holding company engaged in electrical installation work (from data centers to housing), as well as industrial equipment manufacturing. This chart shows analysts' overall expectations for the construction sector. It reflects whether experts believe demand for data centers and infrastructure will grow.
Analysts' consensus forecast for the overall market share price
IES Holdings is a diversified holding company, but with a focus on electrical services. They are a contractor installing electrical networks in residential and commercial buildings. Market expectations, as shown in this chart, are a direct forecast for them. If experts anticipate a downturn, construction (their client) stalls, which hurts IES's orders.
AKIMA index of the company, segment and market as a whole
AKiMA Company Index IES Holdings Inc.
IES Holdings (IESC) is a holding company that provides specialized engineering and construction services across four segments: communications, residential, commercial, and infrastructure. This chart is a diversified indicator of construction. It reflects the overall demand for their services, from cabling in data centers to electrical wiring in new homes.
AKIMA Market Segment Index - Building construction
IES Holdings is a diversified contractor; the company (through M&A) is building niche leaders in electrical (for data centers), mechanical, and infrastructure sectors. This aggregate metric evaluates companies. The chart shows the sector average. This benchmark: how does IES's holding (M&A) and diversified model differentiate it from the average competitor?
The AKIM Index for the overall market
IES Holdings is a diversified holding company focused on engineering and construction, particularly in niche markets (data centers, infrastructure, and housing). This chart, which reflects the market average, provides a macro backdrop. It helps assess how IES, which is dependent on capital expenditure cycles in these sectors, fits within the overall macroeconomic picture.