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U.K. (FTSE) Utilities Sector Analysis

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies12
  • 7D2.7%
  • 3M13.0%
  • 1Y19.2%
  • YTD21.5%

Over the last 7 days, the Utilities industry has risen 2.7%, driven by gains from SSE of 16%. This takes the industry's 12 month performance to a gain of 19%. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025UK£113.4bUK£61.6bUK£4.7b18x24.2x1.8x
Thu, 16 Oct 2025UK£106.2bUK£62.1bUK£4.7b17x22.4x1.7x
Sat, 13 Sep 2025UK£100.0bUK£62.1bUK£4.7b18.4x21.1x1.6x
Mon, 11 Aug 2025UK£102.1bUK£62.1bUK£4.7b16.7x21.6x1.6x
Wed, 09 Jul 2025UK£100.7bUK£63.0bUK£6.4b14.6x15.7x1.6x
Fri, 06 Jun 2025UK£100.3bUK£63.0bUK£6.4b14.4x15.6x1.6x
Sun, 04 May 2025UK£100.9bUK£63.8bUK£5.9b10.5x17.1x1.6x
Tue, 01 Apr 2025UK£94.9bUK£63.9bUK£5.9b11.5x16.1x1.5x
Thu, 27 Feb 2025UK£91.4bUK£65.1bUK£6.0b10.1x15.2x1.4x
Sat, 25 Jan 2025UK£90.0bUK£65.7bUK£5.8b10.2x15.5x1.4x
Mon, 23 Dec 2024UK£89.9bUK£65.7bUK£5.8b10.4x15.5x1.4x
Wed, 20 Nov 2024UK£94.7bUK£65.7bUK£5.7b10.8x16.5x1.4x
Fri, 18 Oct 2024UK£99.3bUK£66.5bUK£6.1b12.1x16.4x1.5x
Sun, 15 Sep 2024UK£100.1bUK£66.4bUK£6.1b12.6x16.5x1.5x
Tue, 13 Aug 2024UK£95.1bUK£66.4bUK£6.1b12.2x15.7x1.4x
Thu, 11 Jul 2024UK£93.6bUK£73.1bUK£8.8b13.1x10.6x1.3x
Sat, 08 Jun 2024UK£78.5bUK£73.8bUK£8.6b12.1x9.1x1.1x
Mon, 06 May 2024UK£86.1bUK£75.7bUK£7.8b13.8x11x1.1x
Wed, 03 Apr 2024UK£84.5bUK£75.7bUK£7.8b13.3x10.8x1.1x
Fri, 01 Mar 2024UK£82.7bUK£75.8bUK£7.4b13.7x11.2x1.1x
Sun, 28 Jan 2024UK£86.8bUK£81.4bUK£7.8b12x11.1x1.1x
Tue, 26 Dec 2023UK£89.3bUK£81.4bUK£7.8b11.4x11.4x1.1x
Thu, 23 Nov 2023UK£88.1bUK£81.2bUK£7.9b13.6x11.2x1.1x
Sat, 21 Oct 2023UK£82.4bUK£82.7bUK£7.5b12.7x11x1x
Mon, 18 Sep 2023UK£85.0bUK£82.5bUK£7.5b13.3x11.3x1x
Wed, 16 Aug 2023UK£80.2bUK£82.5bUK£7.5b12.9x10.7x1x
Fri, 14 Jul 2023UK£83.9bUK£75.8bUK£2.4b19.6x35.2x1.1x
Sun, 11 Jun 2023UK£87.0bUK£74.5bUK£2.3b22.4x37.4x1.2x
Tue, 09 May 2023UK£92.1bUK£71.9bUK£4.1b18.3x22.3x1.3x
Thu, 06 Apr 2023UK£90.1bUK£71.9bUK£4.1b18.2x21.8x1.3x
Sat, 04 Mar 2023UK£84.8bUK£71.8bUK£4.1b18.1x20.6x1.2x
Mon, 30 Jan 2023UK£85.5bUK£64.9bUK£4.0b14.3x21.3x1.3x
Wed, 28 Dec 2022UK£82.6bUK£64.9bUK£4.0b13.4x20.6x1.3x
Fri, 25 Nov 2022UK£85.0bUK£64.9bUK£4.0b12.7x21.2x1.3x
Price to Earnings Ratio

21.2x


Total Market Cap: UK£85.0bTotal Earnings: UK£4.0bTotal Revenue: UK£64.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Utilities Sector Price to Earnings3Y Average 17x202320242025
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 24.2x which is higher than its 3-year average PE of 17.0x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 11% 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-0.85%
Utilities2.74%
Electric Utilities14.51%
Renewable Energy4.34%
Gas Utilities0%0
Other Utilities-0.11%
Water Utilities-1.94%
Industry PE
  • Investors are most optimistic about the Water Utilities industry even though it's trading below its 3-year average PE ratio of 88.1x.
    • Analysts are expecting annual earnings growth of 16.5%, which is lower than the prior year's growth of 159.2% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 9.3x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 47% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 21% 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
SSE SSEUK£22.5115.9%
+UK£5.6b		31.4%PE28.2x
NG. National GridUK£11.781.1%
+UK£645.0m		20.7%PE20.4x
DRX Drax GroupUK£7.464.8%
+UK£114.4m		13.8%PE6.3x
CINH Cindrigo HoldingsUK£0.1414.6%
+UK£5.8m		n/aPS540.2x

Latest News

UU.
UK£11.86
United Utilities Group
7D
-2.0%
1Y
8.6%

United Utilities Group PLC (LON:UU.) Half-Year Results: Here's What Analysts Are Forecasting For This Year

Nov 16
United Utilities Group PLC (LON:UU.) Half-Year Results: Here's What Analysts Are Forecasting For This Year
SSE
UK£22.51
SSE
7D
15.9%
1Y
31.4%
YU.
UK£15.43
Yü Group
7D
-1.8%
1Y
-16.6%
CNA
UK£1.66
Centrica
7D
-4.7%
1Y
36.6%

CNA: Renewables Momentum and Nuclear Developments Will Drive Further Upside Potential

The analyst price target for Centrica has been increased, now ranging from 179 GBp to 210 GBp. Analysts cite expectations of continued earnings momentum, further upside potential in UK utilities, and an improved outlook for renewables. Analyst Commentary Recent analyst research on Centrica highlights both optimistic perspectives and ongoing areas of caution regarding the company's growth trajectory and valuation outlook.
NG.
UK£11.78
National Grid
7D
1.1%
1Y
20.7%

National Grid (LON:NG.) Will Pay A Dividend Of £0.1635

Nov 09
National Grid (LON:NG.) Will Pay A Dividend Of £0.1635
DRX
UK£7.46
Drax Group
7D
4.8%
1Y
13.8%

DRX: New Biomass Contract Will Drive Power Generation Momentum Forward

Analysts have slightly reduced their price target for Drax Group, lowering the fair value estimate from £8.39 to £8.12. This change is based on adjustments to expected growth rates and financial metrics.
CINH
UK£0.14
Cindrigo Holdings
7D
14.6%
1Y
n/a
SVT
UK£27.44
Severn Trent
7D
-1.8%
1Y
1.6%

If EPS Growth Is Important To You, Severn Trent (LON:SVT) Presents An Opportunity

Oct 28
If EPS Growth Is Important To You, Severn Trent (LON:SVT) Presents An Opportunity
MAST
UK£0.099
Quantum Data Energy
7D
-41.1%
1Y
70.7%
PNN
UK£5.01
Pennon Group
7D
-1.8%
1Y
-11.2%

These Return Metrics Don't Make Pennon Group (LON:PNN) Look Too Strong

Oct 13
These Return Metrics Don't Make Pennon Group (LON:PNN) Look Too Strong
TEP
UK£17.10
Telecom Plus
7D
-1.2%
1Y
-1.8%