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

UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies3
  • 7D5.5%
  • 3M15.2%
  • 1Y41.0%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has risen 5.5%, driven by gains from National Grid of 6.3%. This means that the industry has gained 41% over the past year. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Feb 2026UK£77.7bUK£38.9bUK£2.7b20.2x28.8x2x
Wed, 14 Jan 2026UK£66.4bUK£38.9bUK£2.7b18.2x24.6x1.7x
Fri, 12 Dec 2025UK£64.0bUK£38.9bUK£2.7b18.1x23.8x1.6x
Sun, 09 Nov 2025UK£67.5bUK£38.8bUK£2.7b19.1x25x1.7x
Tue, 07 Oct 2025UK£63.1bUK£39.7bUK£2.7b19x23.7x1.6x
Thu, 04 Sep 2025UK£59.2bUK£39.7bUK£2.7b18.4x22.3x1.5x
Sat, 02 Aug 2025UK£63.0bUK£39.7bUK£2.7b19.1x23.7x1.6x
Mon, 30 Jun 2025UK£61.5bUK£40.1bUK£4.2b18.4x14.5x1.5x
Wed, 28 May 2025UK£62.5bUK£40.1bUK£4.2b18.8x14.8x1.6x
Fri, 25 Apr 2025UK£61.8bUK£41.1bUK£3.1b19.4x19.7x1.5x
Sun, 23 Mar 2025UK£56.6bUK£41.1bUK£3.1b18.4x18.1x1.4x
Tue, 18 Feb 2025UK£54.9bUK£41.7bUK£2.9b18x18.9x1.3x
Thu, 16 Jan 2025UK£53.8bUK£41.7bUK£2.9b17.7x18.5x1.3x
Sat, 14 Dec 2024UK£54.2bUK£41.7bUK£2.9b18.4x18.7x1.3x
Mon, 11 Nov 2024UK£54.8bUK£41.8bUK£2.9b18.5x18.9x1.3x
Wed, 09 Oct 2024UK£55.9bUK£42.4bUK£3.4b20.1x16.5x1.3x
Fri, 06 Sep 2024UK£57.8bUK£42.4bUK£3.4b20.3x17x1.4x
Sun, 04 Aug 2024UK£56.7bUK£42.4bUK£3.4b20.2x16.7x1.3x
Tue, 02 Jul 2024UK£51.1bUK£48.3bUK£6.2b19.2x8.2x1.1x
Thu, 30 May 2024UK£40.0bUK£49.1bUK£6.2b14.1x6.4x0.8x
Sat, 27 Apr 2024UK£47.4bUK£50.0bUK£6.6b15.2x7.2x0.9x
Mon, 25 Mar 2024UK£47.6bUK£50.0bUK£6.6b15.5x7.3x1x
Wed, 21 Feb 2024UK£46.9bUK£50.0bUK£6.6b15.1x7.2x0.9x
Fri, 19 Jan 2024UK£46.8bUK£53.4bUK£6.9b14.9x6.8x0.9x
Sun, 17 Dec 2023UK£48.1bUK£53.4bUK£6.9b15.4x7x0.9x
Tue, 14 Nov 2023UK£45.6bUK£53.1bUK£6.9b14.1x6.6x0.9x
Thu, 12 Oct 2023UK£45.4bUK£54.1bUK£7.0b13.2x6.5x0.8x
Sat, 09 Sep 2023UK£46.9bUK£54.1bUK£7.0b13.5x6.7x0.9x
Mon, 07 Aug 2023UK£45.1bUK£54.1bUK£7.0b13.3x6.4x0.8x
Wed, 05 Jul 2023UK£46.9bUK£47.9bUK£2.0b17.1x23.5x1x
Fri, 02 Jun 2023UK£46.7bUK£46.6bUK£2.0b20.5x23.6x1x
Sun, 30 Apr 2023UK£49.9bUK£45.9bUK£2.2b23x22.7x1.1x
Tue, 28 Mar 2023UK£46.6bUK£45.9bUK£2.2b23.6x21.2x1x
Thu, 23 Feb 2023UK£46.7bUK£45.9bUK£2.2b22.6x21.3x1x
Price to Earnings Ratio

21.3x


Total Market Cap: UK£46.7bTotal 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 16x202420252026
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 7.1% 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 Market0.93%
Utilities5.47%
Other Utilities5.51%
Multi-Utilities5.51%
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£13.666.3%
+UK£4.0b		42.7%PE23.6x
TEP Telecom PlusUK£13.863.1%
+UK£33.5m		-18.1%PE16.7x

Latest News

TEP
UK£13.86
Telecom Plus
7D
3.1%
1Y
-18.1%

Telecom Plus (LON:TEP) Seems To Use Debt Quite Sensibly

Feb 11
Telecom Plus (LON:TEP) Seems To Use Debt Quite Sensibly
NG.
UK£13.66
National Grid
7D
6.3%
1Y
42.7%

NG.: Dividend Outlook And Regulation Will Shape Steady Future Returns

Analysts have slightly raised their price target on National Grid, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E that together point to a modestly higher implied equity value. Analyst Commentary Bullish Takeaways Bullish analysts see the updated assumptions on fair value and discount rate as broadly consistent with a regulated utility earning a steady return, which they view as supportive of the slightly higher price target.
CNA
UK£1.91
Centrica
7D
-0.05%
1Y
40.7%

CNA: Neutral View Will Depend On Execution And Valuation Discipline

Analysts have nudged their fair value estimate for Centrica slightly higher to £1.98 from £1.96, citing updated assumptions around revenue growth, profit margins and a modestly higher future P/E, which are consistent with recent upward price target moves from several firms. Analyst Commentary Recent updates from bullish analysts have focused on higher price targets and slightly richer valuation assumptions that they see as better aligned with current market expectations for Centrica.