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

UpdatedJun 21, 2026
DataAggregated Company Financials
Companies3
  • 7D-0.7%
  • 3M-1.8%
  • 1Y12.3%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has remained flat, although notably Centrica declined by 7.1%. As for the the longer term, the industry is up 12% over the past 12 months. 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
Sun, 21 Jun 2026UK£68.9bUK£39.1bUK£3.2b15x21.3x1.8x
Tue, 19 May 2026UK£71.0bUK£39.1bUK£3.2b15.7x21.9x1.8x
Thu, 16 Apr 2026UK£74.9bUK£38.9bUK£2.9b19.3x26.1x1.9x
Sat, 14 Mar 2026UK£78.7bUK£38.9bUK£2.9b20x27.5x2x
Mon, 09 Feb 2026UK£73.6bUK£38.9bUK£2.7b19.2x27.3x1.9x
Wed, 07 Jan 2026UK£67.2bUK£38.9bUK£2.7b18.4x25x1.7x
Fri, 05 Dec 2025UK£65.6bUK£38.9bUK£2.7b18.5x24.4x1.7x
Sun, 02 Nov 2025UK£66.3bUK£39.7bUK£2.7b19.3x24.9x1.7x
Tue, 30 Sep 2025UK£61.6bUK£39.7bUK£2.7b18.9x23.2x1.6x
Thu, 28 Aug 2025UK£61.7bUK£39.7bUK£2.7b19.2x23.2x1.6x
Sat, 26 Jul 2025UK£62.0bUK£39.7bUK£2.7b19.4x23.3x1.6x
Mon, 23 Jun 2025UK£61.0bUK£40.1bUK£4.2b18.2x14.4x1.5x
Wed, 21 May 2025UK£62.7bUK£40.1bUK£4.2b18.9x14.8x1.6x
Fri, 18 Apr 2025UK£61.7bUK£41.1bUK£3.1b18.7x19.7x1.5x
Sun, 16 Mar 2025UK£55.9bUK£41.1bUK£3.1b18.2x17.8x1.4x
Tue, 11 Feb 2025UK£56.2bUK£41.7bUK£2.9b18.3x19.4x1.3x
Thu, 09 Jan 2025UK£53.7bUK£41.7bUK£2.9b17.4x18.5x1.3x
Sat, 07 Dec 2024UK£54.8bUK£41.7bUK£2.9b18.8x18.9x1.3x
Mon, 04 Nov 2024UK£55.6bUK£42.4bUK£3.4b18.8x16.4x1.3x
Wed, 02 Oct 2024UK£58.6bUK£42.4bUK£3.4b20.1x17.3x1.4x
Fri, 30 Aug 2024UK£56.5bUK£42.4bUK£3.4b20.5x16.7x1.3x
Sun, 28 Jul 2024UK£55.8bUK£42.4bUK£3.4b20.4x16.5x1.3x
Tue, 25 Jun 2024UK£51.3bUK£48.3bUK£6.2b19.3x8.3x1.1x
Thu, 23 May 2024UK£51.1bUK£50.0bUK£6.6b16.4x7.8x1x
Sat, 20 Apr 2024UK£46.5bUK£50.0bUK£6.6b15x7.1x0.9x
Mon, 18 Mar 2024UK£47.2bUK£50.0bUK£6.6b15.2x7.2x0.9x
Wed, 14 Feb 2024UK£45.4bUK£53.4bUK£6.9b14.5x6.6x0.8x
Fri, 12 Jan 2024UK£48.3bUK£53.4bUK£6.9b15.2x7x0.9x
Sun, 10 Dec 2023UK£48.3bUK£53.4bUK£6.9b15.3x7x0.9x
Tue, 07 Nov 2023UK£45.9bUK£54.1bUK£7.0b13.4x6.5x0.8x
Thu, 05 Oct 2023UK£44.3bUK£54.1bUK£7.0b12.7x6.3x0.8x
Sat, 02 Sep 2023UK£46.0bUK£54.1bUK£7.0b13.4x6.6x0.9x
Mon, 31 Jul 2023UK£46.7bUK£54.1bUK£7.0b14x6.7x0.9x
Wed, 28 Jun 2023UK£45.9bUK£46.6bUK£2.0b21.4x23.2x1x
Price to Earnings Ratio

23.2x


Total Market Cap: UK£45.9bTotal 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 16.3x202420252026
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 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 Market-1.30%
Utilities-1.69%
Other Utilities-0.70%
Multi-Utilities-0.70%
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£12.120.2%
+UK£149.3m		15.5%PE18.6x

Latest News

NG.
UK£12.12
National Grid
7D
0.2%
1Y
15.5%
Narrative Update • Jun 18

NG.: Multi-Billion Grid Upgrades Will Support Earnings Resilience And Dividend Visibility

Analysts have slightly reduced their fair value estimate for National Grid to £13.68 from £13.77, citing modestly adjusted expectations for revenue growth, profit margins and the future P/E multiple. Analyst Commentary Recent fair value revisions for National Grid reflect a mix of optimism about the core business and caution around execution, regulation and valuation.
TEP
UK£9.50
Telecom Plus
7D
-5.4%
1Y
-53.1%
Narrative Update • Jun 15

TEP: Steady Assumptions Will Support Undervalued Upside Over The Long Term

Analysts have kept their fair value estimate for Telecom Plus steady at £20.58 per share, with unchanged assumptions on discount rate, revenue growth, profit margin and future P/E. This reflects a consistent view of the stock's risk and return profile.
CNA
UK£1.73
Centrica
7D
-7.1%
1Y
3.7%
Narrative Update • Jun 08

CNA: Low Carbon And On Site Power Partnerships Will Support Future Upside

Analysts have nudged the blended price target for Centrica higher into the low £2 range, reflecting adjusted revenue growth, profit margin and future P/E assumptions, along with recent target moves between £1.90 and £2.35 from several major banks. Analyst Commentary Recent Street research on Centrica shows price targets generally clustering between £2.00 and £2.35, with several changes to both ratings and target levels over the past few months.