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

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies3
  • 7D0.7%
  • 3M20.2%
  • 1Y39.2%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 4.3%, driven by declines from every company within the industry. In the past year, the industry has gained 37%. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026UK£77.2bUK£38.9bUK£2.9b19.7x26.9x2x
Fri, 06 Feb 2026UK£73.4bUK£38.9bUK£2.7b19.2x27.2x1.9x
Sun, 04 Jan 2026UK£66.4bUK£38.9bUK£2.7b18.1x24.6x1.7x
Tue, 02 Dec 2025UK£65.7bUK£38.9bUK£2.7b19x24.4x1.7x
Thu, 30 Oct 2025UK£66.5bUK£39.7bUK£2.7b19.6x25x1.7x
Sat, 27 Sep 2025UK£61.7bUK£39.7bUK£2.7b19x23.2x1.6x
Mon, 25 Aug 2025UK£61.3bUK£39.7bUK£2.7b19.1x23.1x1.5x
Wed, 23 Jul 2025UK£63.2bUK£40.1bUK£4.2b19x14.9x1.6x
Fri, 20 Jun 2025UK£60.9bUK£40.1bUK£4.2b18.1x14.4x1.5x
Sun, 18 May 2025UK£61.0bUK£40.1bUK£4.2b18.4x14.4x1.5x
Tue, 15 Apr 2025UK£59.2bUK£41.1bUK£3.1b18x18.9x1.4x
Thu, 13 Mar 2025UK£55.2bUK£41.1bUK£3.1b18x17.6x1.3x
Sat, 08 Feb 2025UK£56.2bUK£41.7bUK£2.9b18.1x19.4x1.3x
Mon, 06 Jan 2025UK£54.9bUK£41.7bUK£2.9b18.3x18.9x1.3x
Wed, 04 Dec 2024UK£56.4bUK£41.7bUK£2.9b19.2x19.4x1.4x
Fri, 01 Nov 2024UK£55.7bUK£42.4bUK£3.4b19.2x16.4x1.3x
Sun, 29 Sep 2024UK£58.1bUK£42.4bUK£3.4b20.7x17.1x1.4x
Tue, 27 Aug 2024UK£56.7bUK£42.4bUK£3.4b20.3x16.7x1.3x
Thu, 25 Jul 2024UK£55.5bUK£48.3bUK£6.2b19.8x8.9x1.1x
Sat, 22 Jun 2024UK£51.7bUK£48.3bUK£6.2b19.4x8.3x1.1x
Mon, 20 May 2024UK£51.3bUK£50.0bUK£6.6b16.5x7.8x1x
Wed, 17 Apr 2024UK£46.3bUK£50.0bUK£6.6b14.9x7.1x0.9x
Fri, 15 Mar 2024UK£46.8bUK£50.0bUK£6.6b15.2x7.1x0.9x
Sun, 11 Feb 2024UK£45.3bUK£53.4bUK£6.9b14.5x6.6x0.8x
Tue, 09 Jan 2024UK£48.9bUK£53.4bUK£6.9b15.4x7.1x0.9x
Thu, 07 Dec 2023UK£48.1bUK£53.4bUK£6.9b15.2x7x0.9x
Sat, 04 Nov 2023UK£46.3bUK£54.1bUK£7.0b13.5x6.6x0.9x
Mon, 02 Oct 2023UK£45.7bUK£54.1bUK£7.0b13.3x6.5x0.8x
Wed, 30 Aug 2023UK£45.8bUK£54.1bUK£7.0b13.4x6.5x0.8x
Fri, 28 Jul 2023UK£46.6bUK£47.9bUK£2.0b16.7x23.3x1x
Sun, 25 Jun 2023UK£46.0bUK£46.6bUK£2.0b20.3x23.3x1x
Tue, 23 May 2023UK£48.6bUK£46.6bUK£2.0b22.4x24.6x1x
Thu, 20 Apr 2023UK£49.2bUK£45.9bUK£2.2b24.3x22.4x1.1x
Sat, 18 Mar 2023UK£45.5bUK£45.9bUK£2.2b23.2x20.7x1x
Price to Earnings Ratio

20.7x


Total Market Cap: UK£45.5bTotal 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 16.1x202420252026
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-0.78%
Utilities0.38%
Other Utilities0.71%
Multi-Utilities0.71%
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£2.014.6%
+UK£394.9m		38.7%PS0.5x
NG. National GridUK£13.490.2%
+UK£149.1m		40.9%PE23.3x

Latest News

TEP
UK£13.38
Telecom Plus
7D
-0.1%
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£2.01
Centrica
7D
4.6%
1Y
38.7%

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£13.49
National Grid
7D
0.2%
1Y
40.9%

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.