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

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies3
  • 7D-1.8%
  • 3M-5.5%
  • 1Y14.0%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 1.8%, driven by National Grid declining 1.6%. This takes the industry's 12 month performance to a gain of 14%. Looking forward, 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
Thu, 21 May 2026UK£72.1bUK£39.1bUK£3.2b16x22.3x1.8x
Sat, 18 Apr 2026UK£73.4bUK£38.9bUK£2.9b19.3x25.6x1.9x
Mon, 16 Mar 2026UK£78.7bUK£38.9bUK£2.9b20x27.5x2x
Wed, 11 Feb 2026UK£73.9bUK£38.9bUK£2.7b19.5x27.4x1.9x
Fri, 09 Jan 2026UK£67.8bUK£38.9bUK£2.7b18.4x25.2x1.7x
Sun, 07 Dec 2025UK£65.1bUK£38.9bUK£2.7b18.2x24.2x1.7x
Tue, 04 Nov 2025UK£66.0bUK£39.7bUK£2.7b19.3x24.8x1.7x
Thu, 02 Oct 2025UK£62.8bUK£39.7bUK£2.7b19.3x23.6x1.6x
Sat, 30 Aug 2025UK£60.7bUK£39.7bUK£2.7b18.7x22.8x1.5x
Mon, 28 Jul 2025UK£62.0bUK£39.7bUK£2.7b19.4x23.3x1.6x
Wed, 25 Jun 2025UK£61.9bUK£40.1bUK£4.2b18.5x14.6x1.5x
Fri, 23 May 2025UK£62.8bUK£40.1bUK£4.2b18.9x14.8x1.6x
Sun, 20 Apr 2025UK£61.7bUK£41.1bUK£3.1b18.7x19.7x1.5x
Tue, 18 Mar 2025UK£56.4bUK£41.1bUK£3.1b18x18x1.4x
Thu, 13 Feb 2025UK£54.9bUK£41.7bUK£2.9b18.1x18.9x1.3x
Sat, 11 Jan 2025UK£53.0bUK£41.7bUK£2.9b17.1x18.2x1.3x
Mon, 09 Dec 2024UK£54.8bUK£41.7bUK£2.9b18.8x18.9x1.3x
Wed, 06 Nov 2024UK£55.6bUK£42.4bUK£3.4b18.5x16.4x1.3x
Fri, 04 Oct 2024UK£56.9bUK£42.4bUK£3.4b20.2x16.8x1.3x
Sun, 01 Sep 2024UK£56.9bUK£42.4bUK£3.4b20.5x16.8x1.3x
Tue, 30 Jul 2024UK£56.1bUK£42.4bUK£3.4b20.5x16.5x1.3x
Thu, 27 Jun 2024UK£51.3bUK£48.3bUK£6.2b19.3x8.2x1.1x
Sat, 25 May 2024UK£41.9bUK£49.1bUK£6.2b14.9x6.8x0.9x
Mon, 22 Apr 2024UK£46.9bUK£50.0bUK£6.6b15.1x7.2x0.9x
Wed, 20 Mar 2024UK£46.7bUK£50.0bUK£6.6b15.1x7.1x0.9x
Fri, 16 Feb 2024UK£45.9bUK£53.4bUK£6.9b14.7x6.7x0.9x
Sun, 14 Jan 2024UK£48.8bUK£53.4bUK£6.9b15.5x7.1x0.9x
Tue, 12 Dec 2023UK£48.1bUK£53.4bUK£6.9b15.3x7x0.9x
Thu, 09 Nov 2023UK£45.1bUK£54.1bUK£7.0b13.2x6.4x0.8x
Sat, 07 Oct 2023UK£43.9bUK£54.1bUK£7.0b12.7x6.3x0.8x
Mon, 04 Sep 2023UK£46.0bUK£54.1bUK£7.0b13.4x6.6x0.9x
Wed, 02 Aug 2023UK£46.5bUK£54.1bUK£7.0b13.8x6.6x0.9x
Fri, 30 Jun 2023UK£46.1bUK£47.9bUK£2.0b16.6x23.1x1x
Sun, 28 May 2023UK£47.9bUK£46.6bUK£2.0b20.9x24.2x1x
Price to Earnings Ratio

24.2x


Total Market Cap: UK£47.9bTotal 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 16.4x202420252026
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 Market0.52%
Utilities-2.49%
Other Utilities-1.79%
Multi-Utilities-1.79%
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
TEP Telecom PlusUK£10.480.8%
+UK£6.4m		-48.4%PE12.6x

Latest News

NG.
UK£12.55
National Grid
7D
-1.6%
1Y
14.7%
Analysis Article • 10h

We Think That There Are Some Issues For National Grid (LON:NG.) Beyond Its Promising Earnings

National Grid plc's ( LON:NG. ) healthy profit numbers didn't contain any surprises for investors. We think this is due...
CNA
UK£1.95
Centrica
7D
-3.0%
1Y
22.6%
TEP
UK£10.48
Telecom Plus
7D
0.8%
1Y
-48.4%
Narrative Update • May 13

TEP: Cautious Assumptions On Returns Still Indicate Undervalued Upside Potential

Narrative Update on Telecom Plus Analysts have reduced their price target on Telecom Plus from approximately £23.48 to £20.58, as they now apply a slightly higher discount rate and more cautious assumptions for revenue growth, profit margins and future P/E. Valuation Changes Fair Value: reduced from £23.48 to £20.58, a decline of around 12% in the modelled estimate.