Narrative Update • May 13

Over the last 7 days, the Multi-Utilities industry has dropped 6.9%, driven by pullbacks from every company within the industry. In the past year, the industry has gained 11%. As for the next few years, earnings are expected to grow by 16% per annum.
Has the U.K. Multi-Utilities Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 18 May 2026 | UK£68.5b | UK£39.1b | UK£3.2b | 15.3x | 21.2x | 1.8x |
| Wed, 15 Apr 2026 | UK£75.7b | UK£38.9b | UK£2.9b | 19.6x | 26.4x | 1.9x |
| Fri, 13 Mar 2026 | UK£78.4b | UK£38.9b | UK£2.9b | 19.9x | 27.4x | 2x |
| Sun, 08 Feb 2026 | UK£73.6b | UK£38.9b | UK£2.7b | 19.2x | 27.3x | 1.9x |
| Tue, 06 Jan 2026 | UK£66.0b | UK£38.9b | UK£2.7b | 18.3x | 24.5x | 1.7x |
| Thu, 04 Dec 2025 | UK£65.7b | UK£38.9b | UK£2.7b | 18.6x | 24.4x | 1.7x |
| Sat, 01 Nov 2025 | UK£66.3b | UK£39.7b | UK£2.7b | 19.3x | 24.9x | 1.7x |
| Mon, 29 Sep 2025 | UK£61.7b | UK£39.7b | UK£2.7b | 19x | 23.2x | 1.6x |
| Wed, 27 Aug 2025 | UK£61.2b | UK£39.7b | UK£2.7b | 19x | 23x | 1.5x |
| Fri, 25 Jul 2025 | UK£61.8b | UK£40.1b | UK£4.2b | 18.6x | 14.6x | 1.5x |
| Sun, 22 Jun 2025 | UK£61.0b | UK£40.1b | UK£4.2b | 18.2x | 14.4x | 1.5x |
| Tue, 20 May 2025 | UK£61.6b | UK£40.1b | UK£4.2b | 18.6x | 14.5x | 1.5x |
| Thu, 17 Apr 2025 | UK£61.5b | UK£41.1b | UK£3.1b | 18.3x | 19.6x | 1.5x |
| Sat, 15 Mar 2025 | UK£55.9b | UK£41.1b | UK£3.1b | 18.2x | 17.8x | 1.4x |
| Mon, 10 Feb 2025 | UK£56.3b | UK£41.7b | UK£2.9b | 18.1x | 19.4x | 1.4x |
| Wed, 08 Jan 2025 | UK£54.2b | UK£41.7b | UK£2.9b | 17.5x | 18.7x | 1.3x |
| Fri, 06 Dec 2024 | UK£55.6b | UK£41.7b | UK£2.9b | 19.2x | 19.2x | 1.3x |
| Sun, 03 Nov 2024 | UK£55.6b | UK£42.4b | UK£3.4b | 18.8x | 16.4x | 1.3x |
| Tue, 01 Oct 2024 | UK£57.8b | UK£42.4b | UK£3.4b | 20.6x | 17x | 1.4x |
| Thu, 29 Aug 2024 | UK£57.1b | UK£42.4b | UK£3.4b | 20.6x | 16.8x | 1.3x |
| Sat, 27 Jul 2024 | UK£55.8b | UK£42.4b | UK£3.4b | 20.4x | 16.5x | 1.3x |
| Mon, 24 Jun 2024 | UK£51.7b | UK£48.3b | UK£6.2b | 19.4x | 8.3x | 1.1x |
| Wed, 22 May 2024 | UK£51.2b | UK£50.0b | UK£6.6b | 16.4x | 7.8x | 1x |
| Fri, 19 Apr 2024 | UK£46.5b | UK£50.0b | UK£6.6b | 15x | 7.1x | 0.9x |
| Sun, 17 Mar 2024 | UK£47.2b | UK£50.0b | UK£6.6b | 15.2x | 7.2x | 0.9x |
| Tue, 13 Feb 2024 | UK£45.5b | UK£53.4b | UK£6.9b | 14.6x | 6.6x | 0.9x |
| Thu, 11 Jan 2024 | UK£48.9b | UK£53.4b | UK£6.9b | 15.4x | 7.1x | 0.9x |
| Sat, 09 Dec 2023 | UK£48.3b | UK£53.4b | UK£6.9b | 15.3x | 7x | 0.9x |
| Mon, 06 Nov 2023 | UK£46.3b | UK£54.1b | UK£7.0b | 13.5x | 6.6x | 0.9x |
| Wed, 04 Oct 2023 | UK£44.3b | UK£54.1b | UK£7.0b | 12.7x | 6.3x | 0.8x |
| Fri, 01 Sep 2023 | UK£46.1b | UK£54.1b | UK£7.0b | 13.5x | 6.6x | 0.9x |
| Sun, 30 Jul 2023 | UK£46.7b | UK£54.1b | UK£7.0b | 14x | 6.7x | 0.9x |
| Tue, 27 Jun 2023 | UK£45.9b | UK£46.6b | UK£2.0b | 20.2x | 23.2x | 1x |
| Thu, 25 May 2023 | UK£48.0b | UK£46.6b | UK£2.0b | 21.7x | 24.3x | 1x |
24.3x
How does U.K. Multi-Utilities compare with similar industries?
| GB Market | -1.07% | |
| Utilities | -7.74% | |
| Other Utilities | -6.88% | |
| Multi-Utilities | -6.88% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TEP Telecom Plus | UK£10.40 | 0.6% +UK£4.8m | -48.4% | PE12.5x |