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

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies3
  • 7D5.2%
  • 3M12.1%
  • 1Y26.5%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has remained flat. The past year has been better, since the industry has gained 23% in that time. 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
Tue, 31 Mar 2026UK£73.8bUK£38.9bUK£2.9b18.6x25.7x1.9x
Thu, 26 Feb 2026UK£79.0bUK£38.9bUK£2.9b20.2x27.5x2x
Sat, 24 Jan 2026UK£68.6bUK£38.9bUK£2.7b18.3x25.5x1.8x
Mon, 22 Dec 2025UK£65.4bUK£38.9bUK£2.7b18.1x24.3x1.7x
Wed, 19 Nov 2025UK£67.2bUK£38.8bUK£2.7b19x24.8x1.7x
Fri, 17 Oct 2025UK£65.3bUK£39.7bUK£2.7b19.5x24.6x1.6x
Sun, 14 Sep 2025UK£61.0bUK£39.7bUK£2.7b19.1x23x1.5x
Tue, 12 Aug 2025UK£61.7bUK£39.7bUK£2.7b19x23.2x1.6x
Thu, 10 Jul 2025UK£59.8bUK£40.1bUK£4.2b17.9x14.1x1.5x
Sat, 07 Jun 2025UK£60.3bUK£40.1bUK£4.2b18x14.2x1.5x
Mon, 05 May 2025UK£61.5bUK£41.1bUK£3.1b20x19.6x1.5x
Wed, 02 Apr 2025UK£58.4bUK£41.1bUK£3.1b18x18.7x1.4x
Fri, 28 Feb 2025UK£56.0bUK£41.1bUK£3.1b17.9x17.9x1.4x
Sun, 26 Jan 2025UK£54.8bUK£41.7bUK£2.9b17.1x18.9x1.3x
Tue, 24 Dec 2024UK£53.7bUK£41.7bUK£2.9b18x18.5x1.3x
Thu, 21 Nov 2024UK£55.5bUK£41.8bUK£2.9b19.4x19.1x1.3x
Sat, 19 Oct 2024UK£58.2bUK£42.4bUK£3.4b20.7x17.2x1.4x
Mon, 16 Sep 2024UK£58.5bUK£42.4bUK£3.4b19.8x17.2x1.4x
Wed, 14 Aug 2024UK£56.2bUK£42.4bUK£3.4b19.9x16.6x1.3x
Fri, 12 Jul 2024UK£54.9bUK£48.3bUK£6.2b20.4x8.8x1.1x
Sun, 09 Jun 2024UK£40.8bUK£49.1bUK£6.2b14.6x6.6x0.8x
Tue, 07 May 2024UK£48.1bUK£50.0bUK£6.6b15.6x7.3x1x
Thu, 04 Apr 2024UK£47.8bUK£50.0bUK£6.6b15.6x7.3x1x
Sat, 02 Mar 2024UK£46.4bUK£50.0bUK£6.6b15.1x7.1x0.9x
Mon, 29 Jan 2024UK£47.3bUK£53.4bUK£6.9b15.2x6.9x0.9x
Wed, 27 Dec 2023UK£48.0bUK£53.4bUK£6.9b15.3x7x0.9x
Fri, 24 Nov 2023UK£46.3bUK£53.4bUK£6.9b14.5x6.8x0.9x
Sun, 22 Oct 2023UK£45.2bUK£54.1bUK£7.0b13.1x6.4x0.8x
Tue, 19 Sep 2023UK£48.1bUK£54.1bUK£7.0b13.8x6.9x0.9x
Thu, 17 Aug 2023UK£44.4bUK£54.1bUK£7.0b13x6.3x0.8x
Sat, 15 Jul 2023UK£45.8bUK£47.9bUK£2.0b16.7x22.9x1x
Mon, 12 Jun 2023UK£46.5bUK£46.6bUK£2.0b20.1x23.5x1x
Wed, 10 May 2023UK£50.2bUK£45.9bUK£2.2b22.2x22.8x1.1x
Fri, 07 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 Market2.04%
Utilities4.67%
Other Utilities5.24%
Multi-Utilities5.24%
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.