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U.K. (FTSE) Utilities Sector Analysis

UpdatedSep 17, 2025
DataAggregated Company Financials
Companies12
  • 7D1.3%
  • 3M-3.0%
  • 1Y-3.2%
  • YTD6.1%

Over the last 7 days, the Utilities industry has risen 1.3%, and Centrica contributed the most with a gain of 6.0%. In the past year, the industry is down 3.2%. Earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Sep 2025UK£99.3bUK£62.1bUK£4.7b18.2x21x1.6x
Fri, 15 Aug 2025UK£101.9bUK£62.1bUK£4.7b16.5x21.5x1.6x
Sun, 13 Jul 2025UK£100.0bUK£63.0bUK£6.4b14.5x15.5x1.6x
Tue, 10 Jun 2025UK£100.4bUK£63.0bUK£6.4b14.4x15.6x1.6x
Thu, 08 May 2025UK£101.7bUK£63.8bUK£5.9b10.6x17.2x1.6x
Sat, 05 Apr 2025UK£97.6bUK£63.9bUK£5.9b11.1x16.5x1.5x
Mon, 03 Mar 2025UK£91.4bUK£63.9bUK£5.9b10.2x15.5x1.4x
Wed, 29 Jan 2025UK£90.3bUK£65.7bUK£5.8b10.3x15.6x1.4x
Fri, 27 Dec 2024UK£91.0bUK£65.7bUK£5.8b10.4x15.7x1.4x
Sun, 24 Nov 2024UK£96.1bUK£65.8bUK£5.8b10.9x16.5x1.5x
Tue, 22 Oct 2024UK£98.6bUK£66.5bUK£6.1b12x16.3x1.5x
Thu, 19 Sep 2024UK£100.5bUK£66.3bUK£6.1b12.2x16.6x1.5x
Sat, 17 Aug 2024UK£95.8bUK£66.4bUK£6.1b12.2x15.8x1.4x
Mon, 15 Jul 2024UK£94.4bUK£73.1bUK£8.8b13.1x10.7x1.3x
Wed, 12 Jun 2024UK£77.8bUK£73.8bUK£8.6b12.2x9x1.1x
Fri, 10 May 2024UK£89.6bUK£75.7bUK£7.8b14.1x11.5x1.2x
Sun, 07 Apr 2024UK£82.1bUK£75.7bUK£7.8b13.1x10.5x1.1x
Tue, 05 Mar 2024UK£82.7bUK£75.6bUK£7.8b13.6x10.6x1.1x
Thu, 01 Feb 2024UK£87.3bUK£81.4bUK£7.8b12x11.2x1.1x
Sat, 30 Dec 2023UK£89.0bUK£81.4bUK£7.8b11.4x11.4x1.1x
Mon, 27 Nov 2023UK£87.9bUK£81.4bUK£7.8b13.3x11.2x1.1x
Wed, 25 Oct 2023UK£81.8bUK£82.7bUK£7.5b12.8x10.9x1x
Fri, 22 Sep 2023UK£85.6bUK£82.6bUK£7.5b13.3x11.4x1x
Sun, 20 Aug 2023UK£79.5bUK£82.5bUK£7.5b12.9x10.6x1x
Tue, 18 Jul 2023UK£83.8bUK£75.8bUK£2.4b19.4x35.2x1.1x
Thu, 15 Jun 2023UK£85.9bUK£74.5bUK£2.3b23.6x36.9x1.2x
Sat, 13 May 2023UK£92.5bUK£71.9bUK£4.1b18.5x22.4x1.3x
Mon, 10 Apr 2023UK£91.3bUK£71.9bUK£4.1b18.3x22.1x1.3x
Wed, 08 Mar 2023UK£84.7bUK£71.8bUK£4.1b18x20.5x1.2x
Fri, 03 Feb 2023UK£86.3bUK£64.9bUK£4.0b14.5x21.5x1.3x
Sun, 01 Jan 2023UK£83.0bUK£64.9bUK£4.0b13.4x20.7x1.3x
Tue, 29 Nov 2022UK£84.0bUK£64.9bUK£4.0b12.7x21x1.3x
Thu, 27 Oct 2022UK£75.0bUK£60.1bUK£3.9b10.7x19x1.2x
Sat, 24 Sep 2022UK£81.6bUK£60.2bUK£4.0b12.4x20.5x1.4x
Price to Earnings Ratio

20.5x


Total Market Cap: UK£81.6bTotal Earnings: UK£4.0bTotal Revenue: UK£60.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Utilities Sector Price to Earnings3Y Average 18x202320242025
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 21.0x which is higher than its 3-year average PE of 18.0x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 6.0% 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 Trends

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

GB Market-0.50%
Utilities1.30%
Renewable Energy3.07%
Electric Utilities1.65%
Other Utilities1.30%
Water Utilities0.68%
Gas Utilities0%0
Industry PE
  • Investors are most optimistic about the Water Utilities industry even though it's trading below its 3-year average PE ratio of 69.9x.
    • Analysts are expecting annual earnings growth of 17.4%, which is lower than the prior year's growth of 86.1% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 10.6x.
Forecasted Growth
  • Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 86% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 17% 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
CNA CentricaUK£1.636.0%
+UK£399.6m		39.7%PS0.4x
NG. National GridUK£10.390.7%
+UK£347.3m		-1.7%PE18.2x
SSE SSEUK£16.601.7%
+UK£297.0m		-17.5%PE15.4x
UU. United Utilities GroupUK£11.361.4%
+UK£109.1m		6.1%PE29.3x
DRX Drax GroupUK£6.853.9%
+UK£86.8m		6.3%PE5.8x

Latest News

PNN
UK£4.61
Pennon Group
7D
-0.1%
1Y
-25.4%

Not Many Are Piling Into Pennon Group Plc (LON:PNN) Just Yet

Sep 16
Not Many Are Piling Into Pennon Group Plc (LON:PNN) Just Yet
CNA
UK£1.63
Centrica
7D
6.0%
1Y
39.7%

Sizewell C And Morecambe Net Zero Will Drive Energy Transformation

Cautious optimism among analysts, grounded in Centrica’s strong past sector outperformance and a balanced risk/reward outlook, has led to a marginal increase in the consensus price target from £1.87 to £1.90. Analyst Commentary Bullish analysts see modest upside potential, reflected in minor price target increases.
OPG
UK£0.073
OPG Power Ventures
7D
5.8%
1Y
-28.1%

Some May Be Optimistic About OPG Power Ventures' (LON:OPG) Earnings

Sep 10
Some May Be Optimistic About OPG Power Ventures' (LON:OPG) Earnings
SVT
UK£25.45
Severn Trent
7D
0.2%
1Y
-6.6%

Severn Trent PLC's (LON:SVT) Share Price Matching Investor Opinion

Sep 08
Severn Trent PLC's (LON:SVT) Share Price Matching Investor Opinion
UU.
UK£11.36
United Utilities Group
7D
1.4%
1Y
6.1%

United Utilities Group (LON:UU.) Takes On Some Risk With Its Use Of Debt

Sep 08
United Utilities Group (LON:UU.) Takes On Some Risk With Its Use Of Debt
DRX
UK£6.85
Drax Group
7D
3.9%
1Y
6.3%

Government CfD And Renewables Will Drive Growth Amid Pellet Risks

Analysts maintain a positive outlook on Drax Group due to anticipated value creation from UK grid intermittency, upcoming share price catalysts, and a possible £200M share buyback extension; however, the consensus price target remains unchanged at £8.58. Analyst Commentary Expectation of increased value creation for Drax as grid intermittency rises in the UK power sector.
MAST
UK£1.09
MAST Energy Developments
7D
67.7%
1Y
1,502.9%
NG.
UK£10.39
National Grid
7D
0.7%
1Y
-1.7%

National Grid plc's (LON:NG.) Share Price Not Quite Adding Up

Sep 01
National Grid plc's (LON:NG.) Share Price Not Quite Adding Up
SSE
UK£16.60
SSE
7D
1.7%
1Y
-17.5%
YU.
UK£15.85
Yü Group
7D
-3.5%
1Y
-7.8%