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

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies3
  • 7D-2.9%
  • 3M16.7%
  • 1Y40.9%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has risen 2.4%, driven by gains from Centrica of 0.7%. This takes the industry's 12 month performance to a gain of 42%. 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
Thu, 05 Mar 2026UK£76.6bUK£38.9bUK£2.9b19.6x26.7x2x
Sat, 31 Jan 2026UK£71.0bUK£38.9bUK£2.7b18.7x26.4x1.8x
Mon, 29 Dec 2025UK£65.2bUK£38.9bUK£2.7b18x24.2x1.7x
Wed, 26 Nov 2025UK£64.6bUK£38.8bUK£2.7b18.3x23.9x1.7x
Fri, 24 Oct 2025UK£66.7bUK£39.7bUK£2.7b19.8x25.1x1.7x
Sun, 21 Sep 2025UK£60.7bUK£39.7bUK£2.7b18.7x22.8x1.5x
Tue, 19 Aug 2025UK£60.8bUK£39.7bUK£2.7b18.9x22.9x1.5x
Thu, 17 Jul 2025UK£60.1bUK£40.1bUK£4.2b18.1x14.2x1.5x
Sat, 14 Jun 2025UK£61.7bUK£40.1bUK£4.2b18.4x14.6x1.5x
Mon, 12 May 2025UK£60.5bUK£41.1bUK£3.1b21.1x19.3x1.5x
Wed, 09 Apr 2025UK£56.8bUK£41.1bUK£3.1b17.8x18.1x1.4x
Fri, 07 Mar 2025UK£53.8bUK£41.1bUK£3.1b17.7x17.2x1.3x
Sun, 02 Feb 2025UK£56.4bUK£41.7bUK£2.9b17.6x19.4x1.4x
Tue, 31 Dec 2024UK£54.2bUK£41.7bUK£2.9b17.8x18.7x1.3x
Thu, 28 Nov 2024UK£56.1bUK£41.7bUK£2.9b18.5x19.3x1.3x
Sat, 26 Oct 2024UK£56.5bUK£42.4bUK£3.4b19.5x16.6x1.3x
Mon, 23 Sep 2024UK£58.2bUK£42.4bUK£3.4b20.5x17.1x1.4x
Wed, 21 Aug 2024UK£56.4bUK£42.4bUK£3.4b20.6x16.6x1.3x
Fri, 19 Jul 2024UK£53.9bUK£48.3bUK£6.2b19.9x8.7x1.1x
Sun, 16 Jun 2024UK£50.8bUK£49.1bUK£6.2b19.1x8.2x1x
Tue, 14 May 2024UK£50.1bUK£50.0bUK£6.6b16.2x7.6x1x
Thu, 11 Apr 2024UK£46.0bUK£50.0bUK£6.6b14.8x7x0.9x
Sat, 09 Mar 2024UK£47.4bUK£50.0bUK£6.6b15.3x7.2x0.9x
Mon, 05 Feb 2024UK£47.0bUK£53.4bUK£6.9b15.1x6.8x0.9x
Wed, 03 Jan 2024UK£47.8bUK£53.4bUK£6.9b15.2x7x0.9x
Fri, 01 Dec 2023UK£47.0bUK£53.4bUK£6.9b14.8x6.9x0.9x
Sun, 29 Oct 2023UK£45.8bUK£54.1bUK£7.0b13.3x6.5x0.8x
Tue, 26 Sep 2023UK£47.4bUK£54.1bUK£7.0b13.6x6.8x0.9x
Thu, 24 Aug 2023UK£44.7bUK£54.1bUK£7.0b13.1x6.4x0.8x
Sat, 22 Jul 2023UK£47.1bUK£47.9bUK£2.0b16.9x23.6x1x
Mon, 19 Jun 2023UK£46.4bUK£46.6bUK£2.0b20.6x23.5x1x
Wed, 17 May 2023UK£50.8bUK£45.9bUK£2.2b23.3x23.2x1.1x
Fri, 14 Apr 2023UK£50.0bUK£45.9bUK£2.2b24.3x22.8x1.1x
Sun, 12 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. 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-2.48%
Utilities-2.21%
Other Utilities-2.95%
Multi-Utilities-2.95%
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
No data available

Latest News

TEP
UK£13.18
Telecom Plus
7D
-3.4%
1Y
-22.0%

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£1.93
Centrica
7D
-1.7%
1Y
31.5%

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£13.45
National Grid
7D
-3.1%
1Y
44.1%

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.