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

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies3
  • 7D3.1%
  • 3M21.7%
  • 1Y40.7%
  • YTDn/a

All of the companies in the Multi-Utilities industry have been up over the last week, with the industry up 3.1%. In the last 12 months, the industry was up 41%. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026UK£78.7bUK£38.9bUK£2.9b20x27.5x2x
Tue, 10 Feb 2026UK£73.6bUK£38.9bUK£2.7b19.3x27.3x1.9x
Thu, 08 Jan 2026UK£67.8bUK£38.9bUK£2.7b18.5x25.2x1.7x
Sat, 06 Dec 2025UK£65.1bUK£38.9bUK£2.7b18.2x24.2x1.7x
Mon, 03 Nov 2025UK£66.3bUK£39.7bUK£2.7b19.3x24.9x1.7x
Wed, 01 Oct 2025UK£62.2bUK£39.7bUK£2.7b19.2x23.4x1.6x
Fri, 29 Aug 2025UK£61.2bUK£39.7bUK£2.7b19.1x23x1.5x
Sun, 27 Jul 2025UK£62.0bUK£39.7bUK£2.7b19.4x23.3x1.6x
Tue, 24 Jun 2025UK£62.5bUK£40.1bUK£4.2b18.7x14.8x1.6x
Thu, 22 May 2025UK£63.1bUK£40.1bUK£4.2b19x14.9x1.6x
Sat, 19 Apr 2025UK£61.7bUK£41.1bUK£3.1b18.7x19.7x1.5x
Mon, 17 Mar 2025UK£55.9bUK£41.1bUK£3.1b18.2x17.8x1.4x
Wed, 12 Feb 2025UK£55.8bUK£41.7bUK£2.9b18.2x19.2x1.3x
Fri, 10 Jan 2025UK£53.7bUK£41.7bUK£2.9b17.5x18.5x1.3x
Sun, 08 Dec 2024UK£54.8bUK£41.7bUK£2.9b18.8x18.9x1.3x
Tue, 05 Nov 2024UK£55.3bUK£42.4bUK£3.4b18.6x16.3x1.3x
Thu, 03 Oct 2024UK£58.6bUK£42.4bUK£3.4b20.1x17.3x1.4x
Sat, 31 Aug 2024UK£56.9bUK£42.4bUK£3.4b20.5x16.8x1.3x
Mon, 29 Jul 2024UK£55.8bUK£42.4bUK£3.4b20.4x16.5x1.3x
Wed, 26 Jun 2024UK£51.5bUK£48.3bUK£6.2b19.4x8.3x1.1x
Fri, 24 May 2024UK£46.4bUK£50.0bUK£6.6b14.6x7.1x0.9x
Sun, 21 Apr 2024UK£46.9bUK£50.0bUK£6.6b15.1x7.2x0.9x
Tue, 19 Mar 2024UK£46.9bUK£50.0bUK£6.6b15.2x7.2x0.9x
Thu, 15 Feb 2024UK£45.5bUK£53.4bUK£6.9b14.6x6.6x0.9x
Sat, 13 Jan 2024UK£48.8bUK£53.4bUK£6.9b15.5x7.1x0.9x
Mon, 11 Dec 2023UK£48.3bUK£53.4bUK£6.9b15.3x7x0.9x
Wed, 08 Nov 2023UK£45.9bUK£54.1bUK£7.0b13.5x6.5x0.8x
Fri, 06 Oct 2023UK£43.7bUK£54.1bUK£7.0b12.9x6.2x0.8x
Sun, 03 Sep 2023UK£46.0bUK£54.1bUK£7.0b13.4x6.6x0.9x
Tue, 01 Aug 2023UK£46.9bUK£54.1bUK£7.0b14x6.7x0.9x
Thu, 29 Jun 2023UK£46.3bUK£47.9bUK£2.0b16.8x23.1x1x
Sat, 27 May 2023UK£47.9bUK£46.6bUK£2.0b20.9x24.2x1x
Mon, 24 Apr 2023UK£50.0bUK£45.9bUK£2.2b24x22.8x1.1x
Wed, 22 Mar 2023UK£45.6bUK£45.9bUK£2.2b23.7x20.8x1x
Price to Earnings Ratio

20.8x


Total Market Cap: UK£45.6bTotal 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-0.58%
Utilities2.99%
Other Utilities3.15%
Multi-Utilities3.15%
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£13.742.7%
+UK£1.8b		42.2%PE23.8x
CNA CentricaUK£2.076.9%
+UK£600.3m		43.4%PS0.5x
TEP Telecom PlusUK£13.441.1%
+UK£11.2m		-22.2%PE16.2x

Latest News

CNA
UK£2.07
Centrica
7D
6.9%
1Y
43.4%

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£13.44
Telecom Plus
7D
1.1%
1Y
-22.2%

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£13.74
National Grid
7D
2.7%
1Y
42.2%

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.