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U.K. (FTSE) Utilities Sector Analysis

UpdatedMay 07, 2026
DataAggregated Company Financials
Companies12
  • 7D1.6%
  • 3M3.0%
  • 1Y25.9%
  • YTD12.9%

The Utilities industry has gained 1.6% over the past week. This means that the industry has gained 26% over the past year. Looking forward, earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

Has the U.K. Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 May 2026UK£130.8bUK£61.6bUK£4.7b24.3x27.9x2.1x
Mon, 06 Apr 2026UK£134.5bUK£61.6bUK£4.7b23.2x28.7x2.2x
Wed, 04 Mar 2026UK£133.1bUK£61.6bUK£4.7b23.3x28.4x2.2x
Fri, 30 Jan 2026UK£123.3bUK£61.8bUK£4.8b21.2x25.4x2x
Sun, 28 Dec 2025UK£113.2bUK£61.8bUK£4.8b19.7x23.4x1.8x
Tue, 25 Nov 2025UK£111.7bUK£61.8bUK£4.8b18.3x23.4x1.8x
Thu, 23 Oct 2025UK£109.6bUK£62.1bUK£4.7b17.6x23.1x1.8x
Sat, 20 Sep 2025UK£99.3bUK£62.1bUK£4.7b18.2x21x1.6x
Mon, 18 Aug 2025UK£101.5bUK£62.1bUK£4.7b16.5x21.4x1.6x
Wed, 16 Jul 2025UK£101.0bUK£63.0bUK£6.4b14.7x15.7x1.6x
Fri, 13 Jun 2025UK£102.9bUK£63.0bUK£6.4b14.4x16x1.6x
Sun, 11 May 2025UK£99.8bUK£63.8bUK£5.9b10.5x16.9x1.6x
Tue, 08 Apr 2025UK£91.1bUK£63.9bUK£5.9b11.1x15.4x1.4x
Thu, 06 Mar 2025UK£87.9bUK£63.9bUK£5.9b9.8x14.9x1.4x
Sat, 01 Feb 2025UK£93.3bUK£65.7bUK£5.8b10.6x16.1x1.4x
Mon, 30 Dec 2024UK£91.1bUK£65.7bUK£5.8b10.5x15.7x1.4x
Wed, 27 Nov 2024UK£95.5bUK£65.8bUK£5.8b10.9x16.4x1.5x
Fri, 25 Oct 2024UK£97.7bUK£66.5bUK£6.1b11.8x16.1x1.5x
Sun, 22 Sep 2024UK£98.8bUK£66.3bUK£6.1b12x16.3x1.5x
Tue, 20 Aug 2024UK£96.3bUK£66.4bUK£6.1b12.3x15.9x1.5x
Thu, 18 Jul 2024UK£92.5bUK£73.1bUK£8.8b13.1x10.5x1.3x
Sat, 15 Jun 2024UK£88.6bUK£73.8bUK£8.6b12.1x10.3x1.2x
Mon, 13 May 2024UK£89.9bUK£75.7bUK£7.8b14.1x11.5x1.2x
Wed, 10 Apr 2024UK£82.1bUK£75.7bUK£7.8b13.2x10.5x1.1x
Fri, 08 Mar 2024UK£84.7bUK£75.6bUK£7.8b13.6x10.9x1.1x
Sun, 04 Feb 2024UK£86.1bUK£81.4bUK£7.8b12x11x1.1x
Tue, 02 Jan 2024UK£89.0bUK£81.4bUK£7.8b11.4x11.4x1.1x
Thu, 30 Nov 2023UK£88.6bUK£81.4bUK£7.8b13.3x11.3x1.1x
Sat, 28 Oct 2023UK£83.9bUK£82.7bUK£7.5b12.7x11.2x1x
Mon, 25 Sep 2023UK£84.6bUK£82.6bUK£7.5b13.3x11.3x1x
Wed, 23 Aug 2023UK£79.1bUK£82.5bUK£7.5b12.8x10.5x1x
Fri, 21 Jul 2023UK£85.7bUK£75.8bUK£2.4b19.6x36x1.1x
Sun, 18 Jun 2023UK£87.0bUK£74.5bUK£2.3b24.3x37.4x1.2x
Tue, 16 May 2023UK£92.7bUK£71.9bUK£4.1b18.5x22.4x1.3x
Price to Earnings Ratio

22.4x


Total Market Cap: UK£92.7bTotal Earnings: UK£4.1bTotal Revenue: UK£71.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Utilities Sector Price to Earnings3Y Average 17.8x202420252026
Current Industry PE
  • Investors are optimistic on the British Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 27.9x which is higher than its 3-year average PE of 17.7x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 4.3% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.0% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the U.K. Utilities sector?

GB Market2.44%
Utilities1.62%
Water Utilities6.89%
Renewable Energy2.12%
Other Utilities1.31%
Gas Utilities0%0
Electric Utilities-1.16%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 9.2x.
    • Analysts are expecting annual earnings growth of 13.8%, which is higher than its past year's earnings decline of 39.5% per year.
  • Investors are most pessimistic about the Other Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.4x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 26% per year.
  • In contrast, the Other Utilities industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
No data available

Latest News

CNA
UK£2.00
Centrica
7D
-5.6%
1Y
35.5%
TEP
UK£10.46
Telecom Plus
7D
-12.0%
1Y
-47.7%
UU.
UK£13.90
United Utilities Group
7D
-1.9%
1Y
25.1%
PNN
UK£5.39
Pennon Group
7D
-0.6%
1Y
7.0%
DRX
UK£8.68
Drax Group
7D
-2.9%
1Y
41.5%
SSE
UK£25.07
SSE
7D
-4.3%
1Y
47.7%
Narrative Update • Apr 23

SSE: Fair Value View Balances Mixed Rating Shifts And Execution Risks

The updated analyst price target for SSE has moved higher to reflect a fair value of about £27.34 per share, up from roughly £26.98, with analysts pointing to slightly stronger assumptions for revenue growth, profit margins and a modestly lower future P/E multiple to support the change. Analyst Commentary Recent Street research on SSE reflects a mix of optimism and caution, with several firms updating price targets and at least one high profile downgrade.
NG.
UK£12.78
National Grid
7D
-2.4%
1Y
21.2%
Narrative Update • Apr 22

NG.: Grid AI Collaboration And Margin Discipline Will Shape Earnings Resilience

Analysts have nudged their fair value estimate for National Grid to £13.78, reflecting updated assumptions around slightly lower revenue growth, a modestly higher profit margin, and a marginally richer future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts point to the updated fair value estimate of £13.78 as support for National Grid's role as a regulated utility with relatively visible earnings, which can help anchor valuation assumptions.
SVT
UK£31.33
Severn Trent
7D
-2.0%
1Y
16.8%
Narrative Update • Apr 21

SVT: Clustered 3,300 GBp Views Will Shape A Balanced Forward Stance

Severn Trent’s updated fair value estimate has edged up from £31.26 to £31.88, as analysts factor in recent price target increases around £3,300 and mixed rating changes that focus on valuation and refined P/E expectations. Analyst Commentary Recent research on Severn Trent has centred on where the current share price sits versus revised price targets and how much valuation headroom is left after the latest moves.