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U.K. (FTSE) Multi-Utilities Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies3
  • 7D3.1%
  • 3M21.9%
  • 1Y40.7%
  • YTDn/a

All of the companies in the Multi-Utilities industry have been up over the last week, with the industry up 3.1%. This means that the industry has gained 41% over the past year. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 17 Mar 2026UK£78.7bUK£38.9bUK£2.9b20x27.5x2x
Thu, 12 Feb 2026UK£76.0bUK£38.9bUK£2.7b19.7x28.2x2x
Sat, 10 Jan 2026UK£68.4bUK£38.9bUK£2.7b18.6x25.4x1.8x
Mon, 08 Dec 2025UK£65.1bUK£38.9bUK£2.7b18.2x24.2x1.7x
Wed, 05 Nov 2025UK£66.4bUK£39.7bUK£2.7b19.3x25x1.7x
Fri, 03 Oct 2025UK£62.4bUK£39.7bUK£2.7b19x23.5x1.6x
Sun, 31 Aug 2025UK£60.7bUK£39.7bUK£2.7b18.6x22.8x1.5x
Tue, 29 Jul 2025UK£61.4bUK£39.7bUK£2.7b19.1x23.1x1.5x
Thu, 26 Jun 2025UK£61.7bUK£40.1bUK£4.2b18.5x14.6x1.5x
Sat, 24 May 2025UK£62.9bUK£40.1bUK£4.2b18.9x14.9x1.6x
Mon, 21 Apr 2025UK£61.7bUK£41.1bUK£3.1b18.7x19.7x1.5x
Wed, 19 Mar 2025UK£56.0bUK£41.1bUK£3.1b18.5x17.9x1.4x
Fri, 14 Feb 2025UK£55.2bUK£41.7bUK£2.9b17.8x19x1.3x
Sun, 12 Jan 2025UK£52.9bUK£41.7bUK£2.9b17.1x18.2x1.3x
Tue, 10 Dec 2024UK£55.2bUK£41.7bUK£2.9b18.6x19x1.3x
Thu, 07 Nov 2024UK£55.2bUK£42.4bUK£3.4b18.6x16.3x1.3x
Sat, 05 Oct 2024UK£56.2bUK£42.4bUK£3.4b20.2x16.6x1.3x
Mon, 02 Sep 2024UK£56.9bUK£42.4bUK£3.4b20.5x16.8x1.3x
Wed, 31 Jul 2024UK£56.2bUK£42.4bUK£3.4b20.5x16.6x1.3x
Fri, 28 Jun 2024UK£50.8bUK£48.3bUK£6.2b19.1x8.2x1.1x
Sun, 26 May 2024UK£41.9bUK£49.1bUK£6.2b14.9x6.8x0.9x
Tue, 23 Apr 2024UK£46.9bUK£50.0bUK£6.6b15.1x7.2x0.9x
Thu, 21 Mar 2024UK£47.2bUK£50.0bUK£6.6b15.4x7.2x0.9x
Sat, 17 Feb 2024UK£46.3bUK£50.0bUK£6.6b14.8x7.1x0.9x
Mon, 15 Jan 2024UK£48.8bUK£53.4bUK£6.9b15.5x7.1x0.9x
Wed, 13 Dec 2023UK£48.3bUK£53.4bUK£6.9b15.4x7x0.9x
Fri, 10 Nov 2023UK£45.6bUK£54.1bUK£7.0b13.3x6.5x0.8x
Sun, 08 Oct 2023UK£43.9bUK£54.1bUK£7.0b12.7x6.3x0.8x
Tue, 05 Sep 2023UK£45.7bUK£54.1bUK£7.0b13.3x6.5x0.8x
Thu, 03 Aug 2023UK£45.6bUK£54.1bUK£7.0b13.5x6.5x0.8x
Sat, 01 Jul 2023UK£46.5bUK£47.9bUK£2.0b16.8x23.2x1x
Mon, 29 May 2023UK£47.9bUK£46.6bUK£2.0b20.9x24.2x1x
Wed, 26 Apr 2023UK£50.2bUK£45.9bUK£2.2b24.1x22.8x1.1x
Fri, 24 Mar 2023UK£46.2bUK£45.9bUK£2.2b23.3x21.1x1x
Price to Earnings Ratio

21.1x


Total Market Cap: UK£46.2bTotal Earnings: UK£2.2bTotal Revenue: UK£45.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Multi-Utilities Industry Price to Earnings3Y Average 16.2x202420252026
Current Industry PE
    There are only 3 companies in the British Multi-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 Multi-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 Comparison

How does U.K. Multi-Utilities compare with similar industries?

GB Market-0.10%
Utilities3.21%
Other Utilities3.12%
Multi-Utilities3.12%
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
NG. National GridUK£13.610.9%
+UK£621.4m		40.3%PE23.6x
CNA CentricaUK£2.125.5%
+UK£496.5m		46.9%PS0.5x
TEP Telecom PlusUK£13.460.6%
+UK£6.4m		-23.3%PE16.2x

Latest News

CNA
UK£2.12
Centrica
7D
5.5%
1Y
46.9%

CNA: Fair View Balances Low Carbon Upside With Fewer Near Term Catalysts

The analyst price target for Centrica has edged higher to reflect a modest uplift in fair value to £2.05 and a slightly richer future P/E assumption, as analysts balance higher UK low carbon and gas price tailwinds against recent share gains and fewer near term catalysts. Analyst Commentary Recent research on Centrica shows a split between bullish and bearish analysts, with several raising price targets while others have turned more cautious after the share price recovery and completion of the buyback.
TEP
UK£13.46
Telecom Plus
7D
0.6%
1Y
-23.3%

TEP: Unchanged Fundamentals Will Support Stronger Future Shareholder Returns

Analysts have kept their fair value estimate for Telecom Plus steady at £23.48, reflecting unchanged assumptions for growth, profitability and future P/E that collectively support a stable price target outlook. Valuation Changes Fair Value: £23.48 is unchanged, indicating no revision to the central valuation for Telecom Plus.
NG.
UK£13.61
National Grid
7D
0.9%
1Y
40.3%

NG.: Margin Resilience And P/E Expectations Will Shape Predictable Future Returns

Analysts have nudged their National Grid fair value estimate higher from £12.47 to £13.14, pointing to slightly firmer profit margin expectations and a modestly higher future P/E multiple, even as revenue growth assumptions are trimmed. Analyst Commentary Bullish Takeaways Bullish analysts view the uplift in fair value to £13.14 as consistent with a business that can sustain firmer profit margins over time, which they see as supportive of the overall earnings quality story.