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

UpdatedMar 19, 2026
DataAggregated Company Financials
Companies3
  • 7D-0.3%
  • 3M16.5%
  • 1Y35.4%
  • YTDn/a

The Multi-Utilities is pretty flat in the last 7 days, but Centrica has stood out, gaining 5.1%. The past year has been better, since the industry has gained 35% 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
Thu, 19 Mar 2026UK£76.2bUK£38.9bUK£2.9b19.3x26.6x2x
Sat, 14 Feb 2026UK£77.7bUK£38.9bUK£2.7b20.2x28.8x2x
Mon, 12 Jan 2026UK£68.4bUK£38.9bUK£2.7b18.6x25.4x1.8x
Wed, 10 Dec 2025UK£64.7bUK£38.9bUK£2.7b18.1x24x1.7x
Fri, 07 Nov 2025UK£67.2bUK£39.7bUK£2.7b19.4x25.3x1.7x
Sun, 05 Oct 2025UK£62.8bUK£39.7bUK£2.7b19.1x23.6x1.6x
Tue, 02 Sep 2025UK£59.5bUK£39.7bUK£2.7b18.4x22.4x1.5x
Thu, 31 Jul 2025UK£61.5bUK£39.7bUK£2.7b18.7x23.1x1.5x
Sat, 28 Jun 2025UK£61.5bUK£40.1bUK£4.2b18.4x14.5x1.5x
Mon, 26 May 2025UK£62.9bUK£40.1bUK£4.2b18.9x14.9x1.6x
Wed, 23 Apr 2025UK£62.5bUK£41.1bUK£3.1b19.1x20x1.5x
Fri, 21 Mar 2025UK£57.3bUK£41.1bUK£3.1b18.5x18.3x1.4x
Sun, 16 Feb 2025UK£55.0bUK£41.7bUK£2.9b17.8x18.9x1.3x
Tue, 14 Jan 2025UK£52.9bUK£41.7bUK£2.9b17.2x18.2x1.3x
Thu, 12 Dec 2024UK£53.9bUK£41.7bUK£2.9b18.5x18.6x1.3x
Sat, 09 Nov 2024UK£54.8bUK£41.8bUK£2.9b18.5x18.9x1.3x
Mon, 07 Oct 2024UK£56.2bUK£42.4bUK£3.4b20.2x16.6x1.3x
Wed, 04 Sep 2024UK£56.7bUK£42.4bUK£3.4b20.2x16.7x1.3x
Fri, 02 Aug 2024UK£56.1bUK£42.4bUK£3.4b20.3x16.5x1.3x
Sun, 30 Jun 2024UK£50.8bUK£48.3bUK£6.2b19.1x8.2x1.1x
Tue, 28 May 2024UK£41.9bUK£49.1bUK£6.2b14.9x6.8x0.9x
Thu, 25 Apr 2024UK£47.6bUK£50.0bUK£6.6b15.3x7.3x1x
Sat, 23 Mar 2024UK£47.6bUK£50.0bUK£6.6b15.5x7.3x1x
Mon, 19 Feb 2024UK£46.3bUK£50.0bUK£6.6b14.8x7.1x0.9x
Wed, 17 Jan 2024UK£48.7bUK£53.4bUK£6.9b15.5x7.1x0.9x
Fri, 15 Dec 2023UK£48.7bUK£53.4bUK£6.9b15.6x7.1x0.9x
Sun, 12 Nov 2023UK£45.8bUK£53.1bUK£6.9b14.2x6.7x0.9x
Tue, 10 Oct 2023UK£44.4bUK£54.1bUK£7.0b12.9x6.3x0.8x
Thu, 07 Sep 2023UK£45.7bUK£54.1bUK£7.0b13.2x6.5x0.8x
Sat, 05 Aug 2023UK£45.1bUK£54.1bUK£7.0b13.3x6.4x0.8x
Mon, 03 Jul 2023UK£46.5bUK£47.9bUK£2.0b16.8x23.2x1x
Wed, 31 May 2023UK£48.3bUK£46.6bUK£2.0b21x24.5x1x
Fri, 28 Apr 2023UK£49.8bUK£45.9bUK£2.2b23.5x22.7x1.1x
Sun, 26 Mar 2023UK£46.3bUK£45.9bUK£2.2b23.6x21.1x1x
Price to Earnings Ratio

21.1x


Total Market Cap: UK£46.3bTotal 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 Market-0.77%
Utilities0.62%
Other Utilities-0.29%
Multi-Utilities-0.29%
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£2.090.9%
+UK£85.8m		44.0%PS0.5x

Latest News

CNA
UK£2.09
Centrica
7D
0.9%
1Y
44.0%

CNA: Fair View Balances Low Carbon Upside With Fewer Near Term Catalysts

The analyst price target for Centrica has edged higher to reflect a modest uplift in fair value to £2.05 and a slightly richer future P/E assumption, as analysts balance higher UK low carbon and gas price tailwinds against recent share gains and fewer near term catalysts. Analyst Commentary Recent research on Centrica shows a split between bullish and bearish analysts, with several raising price targets while others have turned more cautious after the share price recovery and completion of the buyback.
TEP
UK£13.16
Telecom Plus
7D
-1.9%
1Y
-25.1%

TEP: Unchanged Fundamentals Will Support Stronger Future Shareholder Returns

Analysts have kept their fair value estimate for Telecom Plus steady at £23.48, reflecting unchanged assumptions for growth, profitability and future P/E that collectively support a stable price target outlook. Valuation Changes Fair Value: £23.48 is unchanged, indicating no revision to the central valuation for Telecom Plus.
NG.
UK£12.72
National Grid
7D
-7.0%
1Y
28.0%

NG.: Margin Resilience And P/E Expectations Will Shape Predictable Future Returns

Analysts have nudged their National Grid fair value estimate higher from £12.47 to £13.14, pointing to slightly firmer profit margin expectations and a modestly higher future P/E multiple, even as revenue growth assumptions are trimmed. Analyst Commentary Bullish Takeaways Bullish analysts view the uplift in fair value to £13.14 as consistent with a business that can sustain firmer profit margins over time, which they see as supportive of the overall earnings quality story.