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U.K. (FTSE) Other Utilities Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies3
  • 7D2.4%
  • 3M20.0%
  • 1Y42.5%
  • YTD19.2%

Over the last 7 days, the Other Utilities industry has risen 3.4%, driven by gains from National Grid of 3.3%. In the last 12 months, the industry was up 41%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Mar 2026UK£79.2bUK£38.9bUK£2.9b20.3x27.6x2x
Fri, 30 Jan 2026UK£70.7bUK£38.9bUK£2.7b18.7x26.3x1.8x
Sun, 28 Dec 2025UK£65.2bUK£38.9bUK£2.7b18x24.2x1.7x
Tue, 25 Nov 2025UK£64.2bUK£38.8bUK£2.7b18.8x23.7x1.7x
Thu, 23 Oct 2025UK£66.4bUK£39.7bUK£2.7b19.7x25x1.7x
Sat, 20 Sep 2025UK£60.7bUK£39.7bUK£2.7b18.7x22.8x1.5x
Mon, 18 Aug 2025UK£61.2bUK£39.7bUK£2.7b19x23x1.5x
Wed, 16 Jul 2025UK£60.2bUK£40.1bUK£4.2b18.1x14.2x1.5x
Fri, 13 Jun 2025UK£61.6bUK£40.1bUK£4.2b18.4x14.5x1.5x
Sun, 11 May 2025UK£60.5bUK£41.1bUK£3.1b21.1x19.3x1.5x
Tue, 08 Apr 2025UK£55.7bUK£41.1bUK£3.1b17.6x17.8x1.4x
Thu, 06 Mar 2025UK£54.4bUK£41.1bUK£3.1b17.8x17.4x1.3x
Sat, 01 Feb 2025UK£56.4bUK£41.7bUK£2.9b17.6x19.4x1.4x
Mon, 30 Dec 2024UK£54.2bUK£41.7bUK£2.9b17.9x18.7x1.3x
Wed, 27 Nov 2024UK£56.0bUK£41.8bUK£2.9b20x19.3x1.3x
Fri, 25 Oct 2024UK£56.9bUK£42.4bUK£3.4b19.5x16.8x1.3x
Sun, 22 Sep 2024UK£58.2bUK£42.4bUK£3.4b20.5x17.1x1.4x
Tue, 20 Aug 2024UK£56.4bUK£42.4bUK£3.4b20.8x16.6x1.3x
Thu, 18 Jul 2024UK£53.5bUK£48.3bUK£6.2b19.8x8.6x1.1x
Sat, 15 Jun 2024UK£50.8bUK£49.1bUK£6.2b19.1x8.2x1x
Mon, 13 May 2024UK£50.3bUK£50.0bUK£6.6b16.2x7.7x1x
Wed, 10 Apr 2024UK£46.4bUK£50.0bUK£6.6b15x7.1x0.9x
Fri, 08 Mar 2024UK£47.4bUK£50.0bUK£6.6b15.3x7.2x0.9x
Sun, 04 Feb 2024UK£47.0bUK£53.4bUK£6.9b15.1x6.8x0.9x
Tue, 02 Jan 2024UK£47.8bUK£53.4bUK£6.9b15.3x7x0.9x
Thu, 30 Nov 2023UK£47.0bUK£53.4bUK£6.9b14.8x6.9x0.9x
Sat, 28 Oct 2023UK£45.8bUK£54.1bUK£7.0b13.3x6.5x0.8x
Mon, 25 Sep 2023UK£48.1bUK£54.1bUK£7.0b13.9x6.9x0.9x
Wed, 23 Aug 2023UK£44.1bUK£54.1bUK£7.0b12.8x6.3x0.8x
Fri, 21 Jul 2023UK£46.7bUK£47.9bUK£2.0b16.9x23.4x1x
Sun, 18 Jun 2023UK£46.4bUK£46.6bUK£2.0b20.6x23.5x1x
Tue, 16 May 2023UK£50.7bUK£45.9bUK£2.2b23.2x23.1x1.1x
Thu, 13 Apr 2023UK£50.3bUK£45.9bUK£2.2b24.1x22.9x1.1x
Sat, 11 Mar 2023UK£46.2bUK£45.9bUK£2.2b23.4x21x1x
Price to Earnings Ratio

21x


Total Market Cap: UK£46.2bTotal Earnings: UK£2.2bTotal Revenue: UK£45.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Other Utilities Industry Price to Earnings3Y Average 16.1x202420252026
Current Industry PE
    There are only 3 companies in the British Integrated Utilities industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Integrated Utilities industry have grown 9.3% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.4% 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 industry?

GB Market1.95%
Utilities2.87%
Other Utilities2.41%
Multi-Utilities2.41%
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
CNA CentricaUK£1.920.7%
+UK£60.9m		30.6%PS0.4x

Latest News

TEP
UK£13.40
Telecom Plus
7D
-1.8%
1Y
-20.9%

TEP: Stable Assumptions Will Support Stronger Future Shareholder Returns

Analysts have kept their fair value estimate for Telecom Plus steady at £23.48, citing unchanged assumptions on discount rate, revenue growth and profit margin, which together leave their long term P/E expectations broadly intact. Valuation Changes Fair Value: Held steady at £23.48, with no change in the underlying model input.
CNA
UK£1.92
Centrica
7D
0.7%
1Y
30.6%

CNA: Neutral Stance Will Rely On Execution Against Tight P/E Expectations

Centrica's analyst fair value estimate has edged up to reflect higher price targets in the £2.24 to £2.32 range, with analysts citing adjusted expectations for revenue growth, improved profit margin assumptions, and a lower expected future P/E of 11.4x. Analyst Commentary Recent research has clustered Centrica's price targets in the £2.24 to £2.32 range, with several banks adjusting their numbers in quick succession.
NG.
UK£13.46
National Grid
7D
-2.0%
1Y
38.4%

NG.: Earnings Quality And Regulation Will Shape Predictable Future Returns

Analysts have adjusted their price target on National Grid to £12.47, reflecting updated views on revenue growth, profit margins and future P/E assumptions, while keeping key valuation inputs broadly unchanged. Analyst Commentary Bullish Takeaways Bullish analysts view the reaffirmed assumptions on revenue and profit margins as supportive of the revised £12.47 target and suggest the current P/E framework is still seen as appropriate for National Grid's earnings profile.