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

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies3
  • 7D1.5%
  • 3M-6.2%
  • 1Y13.2%
  • YTDn/a

In the last week, the Multi-Utilities industry is up 2.2%, with National Grid up 1.8%. This means that the industry has gained 15% over the past year. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Jul 2026UK£70.4bUK£39.1bUK£3.2b13.3x21.7x1.8x
Fri, 29 May 2026UK£70.3bUK£39.1bUK£3.2b15.5x21.7x1.8x
Sun, 26 Apr 2026UK£74.9bUK£38.9bUK£2.9b19.8x26.1x1.9x
Tue, 24 Mar 2026UK£70.1bUK£38.9bUK£2.9b18.1x24.5x1.8x
Thu, 19 Feb 2026UK£77.0bUK£38.9bUK£2.7b19.9x28.6x2x
Sat, 17 Jan 2026UK£69.0bUK£38.9bUK£2.7b18.6x25.6x1.8x
Mon, 15 Dec 2025UK£64.2bUK£38.9bUK£2.7b18.2x23.8x1.7x
Wed, 12 Nov 2025UK£67.0bUK£38.8bUK£2.7b19x24.8x1.7x
Fri, 10 Oct 2025UK£63.9bUK£39.7bUK£2.7b19.3x24x1.6x
Sun, 07 Sep 2025UK£60.0bUK£39.7bUK£2.7b18.8x22.6x1.5x
Tue, 05 Aug 2025UK£63.3bUK£39.7bUK£2.7b19.3x23.8x1.6x
Thu, 03 Jul 2025UK£59.7bUK£40.1bUK£4.2b17.9x14.1x1.5x
Sat, 31 May 2025UK£60.6bUK£40.1bUK£4.2b18.1x14.3x1.5x
Mon, 28 Apr 2025UK£61.7bUK£41.1bUK£3.1b19.3x19.7x1.5x
Wed, 26 Mar 2025UK£55.9bUK£41.1bUK£3.1b18.2x17.9x1.4x
Fri, 21 Feb 2025UK£55.1bUK£41.7bUK£2.9b17.7x19x1.3x
Sun, 19 Jan 2025UK£55.3bUK£41.7bUK£2.9b17.9x19.1x1.3x
Tue, 17 Dec 2024UK£53.5bUK£41.7bUK£2.9b18x18.4x1.3x
Thu, 14 Nov 2024UK£54.3bUK£41.8bUK£2.9b19x18.7x1.3x
Sat, 12 Oct 2024UK£56.4bUK£42.4bUK£3.4b20x16.6x1.3x
Mon, 09 Sep 2024UK£57.5bUK£42.4bUK£3.4b20.1x17x1.4x
Wed, 07 Aug 2024UK£55.0bUK£42.4bUK£3.4b19.3x16.2x1.3x
Fri, 05 Jul 2024UK£53.1bUK£48.3bUK£6.2b20x8.5x1.1x
Sun, 02 Jun 2024UK£41.8bUK£49.1bUK£6.2b14.8x6.7x0.9x
Tue, 30 Apr 2024UK£47.5bUK£50.0bUK£6.6b15.3x7.2x1x
Thu, 28 Mar 2024UK£47.6bUK£50.0bUK£6.6b15.4x7.3x1x
Sat, 24 Feb 2024UK£46.4bUK£50.0bUK£6.6b15x7.1x0.9x
Mon, 22 Jan 2024UK£46.9bUK£53.4bUK£6.9b14.9x6.8x0.9x
Wed, 20 Dec 2023UK£47.7bUK£53.4bUK£6.9b15.2x7x0.9x
Fri, 17 Nov 2023UK£45.8bUK£53.1bUK£6.9b14.6x6.7x0.9x
Sun, 15 Oct 2023UK£45.8bUK£54.1bUK£7.0b13.3x6.5x0.8x
Tue, 12 Sep 2023UK£46.9bUK£54.1bUK£7.0b13.5x6.7x0.9x
Thu, 10 Aug 2023UK£45.0bUK£54.1bUK£7.0b13.3x6.4x0.8x
Sat, 08 Jul 2023UK£44.8bUK£47.9bUK£2.0b16.3x22.4x0.9x
Price to Earnings Ratio

22.4x


Total Market Cap: UK£44.8bTotal Earnings: UK£2.0bTotal Revenue: UK£47.9bTotal 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 6.5% 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 Market0.55%
Utilities2.20%
Other Utilities1.53%
Multi-Utilities1.53%
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£12.481.8%
+UK£1.1b		16.3%PE19.2x
TEP Telecom PlusUK£7.434.6%
+UK£26.3m		-61.5%PE7.4x

Latest News

TEP
UK£7.43
Telecom Plus
7D
4.6%
1Y
-61.5%
Narrative Update • Jun 29

TEP: Dividend Reset And Margin Assumptions Will Support Future Upside

Analysts have reduced their price target for Telecom Plus to £12.50 from £20.58, citing updated assumptions for revenue growth, profit margins and future P/E multiples in their revised valuation work. What’s in the News for Telecom Plus Telecom Plus proposed a final dividend of 12 pence per share for the year ended 31 March 2026, subject to shareholder approval at the AGM scheduled for 17 August 2026.
CNA
UK£1.71
Centrica
7D
-1.0%
1Y
6.3%
Narrative Update • Jun 24

CNA: Low Carbon Partnerships And Governance Updates Will Support Future Upside

Analysts have adjusted their price targets for Centrica, with a new blended target moving modestly and anchored around recent changes that include Berenberg lifting its target to £2.30 and JPMorgan trimming its target to £2.35. These revisions reflect updated views on fair value, discount rate and assumptions for revenue growth, profit margin and future P/E.
NG.
UK£12.48
National Grid
7D
1.8%
1Y
16.3%