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

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies3
  • 7D2.8%
  • 3M-9.5%
  • 1Y15.6%
  • YTDn/a

The Multi-Utilities industry is up 1.7% in the last week, with National Grid up 1.8%. In the last 12 months, the industry was up 15%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Jun 2026UK£69.9bUK£39.1bUK£3.2b15.3x21.6x1.8x
Wed, 06 May 2026UK£74.6bUK£38.9bUK£2.9b18.2x26x1.9x
Fri, 03 Apr 2026UK£76.7bUK£38.9bUK£2.9b19.4x26.8x2x
Sun, 01 Mar 2026UK£79.2bUK£38.9bUK£2.9b20.3x27.6x2x
Tue, 27 Jan 2026UK£69.3bUK£38.9bUK£2.7b18.6x25.7x1.8x
Thu, 25 Dec 2025UK£65.2bUK£38.9bUK£2.7b18x24.2x1.7x
Sat, 22 Nov 2025UK£65.4bUK£38.8bUK£2.7b19.1x24.2x1.7x
Mon, 20 Oct 2025UK£65.6bUK£39.7bUK£2.7b19.5x24.7x1.7x
Wed, 17 Sep 2025UK£60.6bUK£39.7bUK£2.7b18.8x22.8x1.5x
Fri, 15 Aug 2025UK£61.6bUK£39.7bUK£2.7b19x23.2x1.6x
Sun, 13 Jul 2025UK£59.4bUK£40.1bUK£4.2b17.8x14x1.5x
Tue, 10 Jun 2025UK£60.2bUK£40.1bUK£4.2b18x14.2x1.5x
Thu, 08 May 2025UK£61.8bUK£41.1bUK£3.1b20.9x19.7x1.5x
Sat, 05 Apr 2025UK£59.2bUK£41.1bUK£3.1b17.9x18.9x1.4x
Mon, 03 Mar 2025UK£56.5bUK£41.1bUK£3.1b17.8x18x1.4x
Wed, 29 Jan 2025UK£55.0bUK£41.7bUK£2.9b17.2x18.9x1.3x
Fri, 27 Dec 2024UK£54.0bUK£41.7bUK£2.9b18.2x18.6x1.3x
Sun, 24 Nov 2024UK£56.2bUK£41.8bUK£2.9b19.4x19.4x1.3x
Tue, 22 Oct 2024UK£57.7bUK£42.4bUK£3.4b20.3x17x1.4x
Thu, 19 Sep 2024UK£58.8bUK£42.4bUK£3.4b19.8x17.3x1.4x
Sat, 17 Aug 2024UK£56.1bUK£42.4bUK£3.4b20.6x16.5x1.3x
Mon, 15 Jul 2024UK£54.4bUK£48.3bUK£6.2b20.2x8.7x1.1x
Wed, 12 Jun 2024UK£40.5bUK£49.1bUK£6.2b14.5x6.5x0.8x
Fri, 10 May 2024UK£50.0bUK£50.0bUK£6.6b16.2x7.6x1x
Sun, 07 Apr 2024UK£46.3bUK£50.0bUK£6.6b15x7.1x0.9x
Tue, 05 Mar 2024UK£46.5bUK£50.0bUK£6.6b15.1x7.1x0.9x
Thu, 01 Feb 2024UK£47.8bUK£53.4bUK£6.9b15.3x7x0.9x
Sat, 30 Dec 2023UK£47.8bUK£53.4bUK£6.9b15.3x7x0.9x
Mon, 27 Nov 2023UK£46.5bUK£53.4bUK£6.9b14.6x6.8x0.9x
Wed, 25 Oct 2023UK£44.8bUK£54.1bUK£7.0b13.2x6.4x0.8x
Fri, 22 Sep 2023UK£48.6bUK£54.1bUK£7.0b14x6.9x0.9x
Sun, 20 Aug 2023UK£44.2bUK£54.1bUK£7.0b12.9x6.3x0.8x
Tue, 18 Jul 2023UK£45.6bUK£47.9bUK£2.0b16.6x22.8x1x
Thu, 15 Jun 2023UK£45.6bUK£46.6bUK£2.0b20.1x23.1x1x
Price to Earnings Ratio

23.1x


Total Market Cap: UK£45.6bTotal Earnings: UK£2.0bTotal Revenue: UK£46.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Multi-Utilities Industry Price to Earnings3Y Average 16.3x202420252026
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 18% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.7% 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%
Utilities2.71%
Other Utilities2.77%
Multi-Utilities2.77%
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£12.182.8%
+UK£1.7b		17.5%PE18.7x
CNA CentricaUK£1.892.4%
+UK£198.6m		17.6%PS0.4x
TEP Telecom PlusUK£9.862.1%
+UK£16.0m		-51.8%PE11.9x

Latest News

NG.
UK£12.18
National Grid
7D
2.8%
1Y
17.5%
TEP
UK£9.86
Telecom Plus
7D
2.1%
1Y
-51.8%
Narrative Update • Jun 01

TEP: Steady Assumptions And Slight P/E Shift Will Support Undervalued Upside

Analysts have kept their fair value estimate for Telecom Plus steady at £20.58, with only a small adjustment to the assumed future P/E multiple. This reflects fine tuning of their valuation inputs rather than a change in overall conviction.
CNA
UK£1.89
Centrica
7D
2.4%
1Y
17.6%
Narrative Update • May 24

CNA: Low Carbon And On Site Power Projects Will Shape Balanced Outlook

Analysts have lifted their blended price target for Centrica, with recent moves such as Berenberg's shift to £2.30 from £1.90, several JPMorgan adjustments around the £2.24 to £2.35 range, and higher targets from Goldman Sachs and RBC, reflecting updated views on revenue growth, profit margins and valuation multiples. Analyst Commentary Recent research on Centrica shows a split view, with several price target increases and a cluster of rating downgrades that revolve around execution risk, valuation and the timing of potential earnings growth.