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

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies3
  • 7D3.6%
  • 3M12.6%
  • 1Y25.9%
  • YTDn/a

In the last week, the Multi-Utilities industry is up 5.2%, with all of the companies up. This means that the industry has gained 26% over the past year. 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
Wed, 01 Apr 2026UK£73.7bUK£38.9bUK£2.9b18.8x25.7x1.9x
Fri, 27 Feb 2026UK£78.8bUK£38.9bUK£2.9b20.3x27.5x2x
Sun, 25 Jan 2026UK£68.6bUK£38.9bUK£2.7b18.3x25.5x1.8x
Tue, 23 Dec 2025UK£64.7bUK£38.9bUK£2.7b18x24x1.7x
Thu, 20 Nov 2025UK£66.3bUK£38.8bUK£2.7b18.8x24.5x1.7x
Sat, 18 Oct 2025UK£65.6bUK£39.7bUK£2.7b19.5x24.7x1.7x
Mon, 15 Sep 2025UK£61.0bUK£39.7bUK£2.7b19.1x23x1.5x
Wed, 13 Aug 2025UK£60.5bUK£39.7bUK£2.7b18.8x22.8x1.5x
Fri, 11 Jul 2025UK£59.3bUK£40.1bUK£4.2b17.8x14x1.5x
Sun, 08 Jun 2025UK£60.3bUK£40.1bUK£4.2b18x14.2x1.5x
Tue, 06 May 2025UK£61.5bUK£41.1bUK£3.1b20x19.6x1.5x
Thu, 03 Apr 2025UK£58.1bUK£41.1bUK£3.1b18x18.6x1.4x
Sat, 01 Mar 2025UK£56.0bUK£41.1bUK£3.1b17.8x17.9x1.4x
Mon, 27 Jan 2025UK£54.8bUK£41.7bUK£2.9b17.1x18.9x1.3x
Wed, 25 Dec 2024UK£54.0bUK£41.7bUK£2.9b18.2x18.6x1.3x
Fri, 22 Nov 2024UK£54.7bUK£41.8bUK£2.9b19.4x18.9x1.3x
Sun, 20 Oct 2024UK£58.2bUK£42.4bUK£3.4b20.7x17.2x1.4x
Tue, 17 Sep 2024UK£58.6bUK£42.4bUK£3.4b20x17.3x1.4x
Thu, 15 Aug 2024UK£56.3bUK£42.4bUK£3.4b19.9x16.6x1.3x
Sat, 13 Jul 2024UK£54.3bUK£48.3bUK£6.2b20.2x8.7x1.1x
Mon, 10 Jun 2024UK£40.8bUK£49.1bUK£6.2b14.6x6.6x0.8x
Wed, 08 May 2024UK£49.1bUK£50.0bUK£6.6b15.9x7.5x1x
Fri, 05 Apr 2024UK£47.9bUK£50.0bUK£6.6b15.6x7.3x1x
Sun, 03 Mar 2024UK£46.4bUK£50.0bUK£6.6b15.1x7.1x0.9x
Tue, 30 Jan 2024UK£47.4bUK£53.4bUK£6.9b15.2x6.9x0.9x
Thu, 28 Dec 2023UK£48.0bUK£53.4bUK£6.9b15.3x7x0.9x
Sat, 25 Nov 2023UK£46.5bUK£53.4bUK£6.9b14.6x6.8x0.9x
Mon, 23 Oct 2023UK£45.2bUK£54.1bUK£7.0b13.1x6.4x0.8x
Wed, 20 Sep 2023UK£48.1bUK£54.1bUK£7.0b13.8x6.9x0.9x
Fri, 18 Aug 2023UK£44.1bUK£54.1bUK£7.0b12.9x6.3x0.8x
Sun, 16 Jul 2023UK£45.8bUK£47.9bUK£2.0b16.7x22.9x1x
Tue, 13 Jun 2023UK£46.3bUK£46.6bUK£2.0b19.9x23.4x1x
Thu, 11 May 2023UK£50.2bUK£45.9bUK£2.2b22.8x22.9x1.1x
Sat, 08 Apr 2023UK£49.7bUK£45.9bUK£2.2b23.8x22.6x1.1x
Price to Earnings Ratio

22.6x


Total Market Cap: UK£49.7bTotal 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 Market1.99%
Utilities3.59%
Other Utilities3.58%
Multi-Utilities3.58%
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£12.703.0%
+UK£1.9b		25.4%PE22x
CNA CentricaUK£2.137.4%
+UK£658.9m		39.8%PS0.5x
TEP Telecom PlusUK£12.922.2%
+UK£22.4m		-24.4%PE15.6x

Latest News

CNA
UK£2.13
Centrica
7D
7.4%
1Y
39.8%

CNA: Fair View Sees Low Carbon Projects Offsetting Limited Near Term Triggers

The analyst price target for Centrica has been revised higher to £2.16 per share. The change is supported by recent research pointing to adjusted revenue growth assumptions, a slightly different profit margin outlook, and a higher future P/E multiple as analysts respond to rising price targets and rating changes across several firms.
TEP
UK£12.92
Telecom Plus
7D
2.2%
1Y
-24.4%

TEP: Stable Assumptions And Steady Outlook Will Support Stronger Future Returns

Analysts have kept their fair value estimate for Telecom Plus steady at £23.48, with unchanged assumptions on discount rate, revenue growth, profit margin and future P/E. This suggests no material shift in their underlying view of the shares at this stage.
NG.
UK£12.70
National Grid
7D
3.0%
1Y
25.4%

NG.: Execution On Regulated Projects Will Shape Future Earnings Resilience And P/E Framework

Analysts have lifted their price target for National Grid to £13.53 from £13.14, citing slightly higher assumptions for revenue growth, profit margins and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target of £13.53 as better aligned with their updated assumptions for revenue and margin potential, which they view as more supportive of the current P/E framework.