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

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies3
  • 7D2.4%
  • 3M20.0%
  • 1Y42.5%
  • YTDn/a

In the last week, the Multi-Utilities industry is up 2.4%, with all of the companies up. In the last 12 months, the industry was up 42%. 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
Tue, 03 Mar 2026UK£79.2bUK£38.9bUK£2.9b20.3x27.6x2x
Thu, 29 Jan 2026UK£70.9bUK£38.9bUK£2.7b18.9x26.3x1.8x
Sat, 27 Dec 2025UK£65.2bUK£38.9bUK£2.7b18x24.2x1.7x
Mon, 24 Nov 2025UK£65.4bUK£38.8bUK£2.7b19.1x24.2x1.7x
Wed, 22 Oct 2025UK£65.6bUK£39.7bUK£2.7b19.4x24.7x1.7x
Fri, 19 Sep 2025UK£60.4bUK£39.7bUK£2.7b18.7x22.7x1.5x
Sun, 17 Aug 2025UK£61.2bUK£39.7bUK£2.7b19x23x1.5x
Tue, 15 Jul 2025UK£60.5bUK£40.1bUK£4.2b18.2x14.3x1.5x
Thu, 12 Jun 2025UK£60.8bUK£40.1bUK£4.2b18.2x14.4x1.5x
Sat, 10 May 2025UK£60.5bUK£41.1bUK£3.1b21.1x19.3x1.5x
Mon, 07 Apr 2025UK£59.2bUK£41.1bUK£3.1b17.9x18.9x1.4x
Wed, 05 Mar 2025UK£56.3bUK£41.1bUK£3.1b17.8x18x1.4x
Fri, 31 Jan 2025UK£55.7bUK£41.7bUK£2.9b17.6x19.2x1.3x
Sun, 29 Dec 2024UK£54.2bUK£41.7bUK£2.9b17.9x18.7x1.3x
Tue, 26 Nov 2024UK£56.1bUK£41.8bUK£2.9b19.6x19.3x1.3x
Thu, 24 Oct 2024UK£56.9bUK£42.4bUK£3.4b19.9x16.8x1.3x
Sat, 21 Sep 2024UK£58.2bUK£42.4bUK£3.4b20.5x17.1x1.4x
Mon, 19 Aug 2024UK£56.1bUK£42.4bUK£3.4b20.6x16.5x1.3x
Wed, 17 Jul 2024UK£53.1bUK£48.3bUK£6.2b20.1x8.5x1.1x
Fri, 14 Jun 2024UK£50.6bUK£49.1bUK£6.2b18.9x8.1x1x
Sun, 12 May 2024UK£50.3bUK£50.0bUK£6.6b16.2x7.7x1x
Tue, 09 Apr 2024UK£46.6bUK£50.0bUK£6.6b15.1x7.1x0.9x
Thu, 07 Mar 2024UK£47.4bUK£50.0bUK£6.6b15.4x7.2x0.9x
Sat, 03 Feb 2024UK£47.0bUK£53.4bUK£6.9b15.1x6.8x0.9x
Mon, 01 Jan 2024UK£47.8bUK£53.4bUK£6.9b15.3x7x0.9x
Wed, 29 Nov 2023UK£47.1bUK£53.4bUK£6.9b14.8x6.9x0.9x
Fri, 27 Oct 2023UK£46.1bUK£54.1bUK£7.0b13.4x6.6x0.9x
Sun, 24 Sep 2023UK£48.1bUK£54.1bUK£7.0b13.9x6.9x0.9x
Tue, 22 Aug 2023UK£44.2bUK£54.1bUK£7.0b12.9x6.3x0.8x
Thu, 20 Jul 2023UK£46.5bUK£47.9bUK£2.0b17.2x23.2x1x
Sat, 17 Jun 2023UK£46.4bUK£46.6bUK£2.0b20.6x23.5x1x
Mon, 15 May 2023UK£50.6bUK£45.9bUK£2.2b23x23x1.1x
Wed, 12 Apr 2023UK£49.9bUK£45.9bUK£2.2b23.9x22.7x1.1x
Fri, 10 Mar 2023UK£46.0bUK£45.9bUK£2.2b23.4x20.9x1x
Price to Earnings Ratio

20.9x


Total Market Cap: UK£46.0bTotal 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 16.1x202420252026
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 Market1.95%
Utilities2.87%
Other Utilities2.41%
Multi-Utilities2.41%
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£14.003.0%
+UK£2.0b		46.3%PE24.2x
CNA CentricaUK£1.972.1%
+UK£185.0m		33.2%PS0.5x

Latest News

TEP
UK£13.48
Telecom Plus
7D
-1.3%
1Y
-20.6%

TEP: Stable Assumptions Will Support Stronger Future Shareholder Returns

Analysts have kept their fair value estimate for Telecom Plus steady at £23.48, citing unchanged assumptions on discount rate, revenue growth and profit margin, which together leave their long term P/E expectations broadly intact. Valuation Changes Fair Value: Held steady at £23.48, with no change in the underlying model input.
CNA
UK£1.97
Centrica
7D
2.1%
1Y
33.2%

CNA: Neutral Stance Will Rely On Execution Against Tight P/E Expectations

Centrica's analyst fair value estimate has edged up to reflect higher price targets in the £2.24 to £2.32 range, with analysts citing adjusted expectations for revenue growth, improved profit margin assumptions, and a lower expected future P/E of 11.4x. Analyst Commentary Recent research has clustered Centrica's price targets in the £2.24 to £2.32 range, with several banks adjusting their numbers in quick succession.
NG.
UK£14.00
National Grid
7D
3.0%
1Y
46.3%

NG.: Earnings Quality And Regulation Will Shape Predictable Future Returns

Analysts have adjusted their price target on National Grid to £12.47, reflecting updated views on revenue growth, profit margins and future P/E assumptions, while keeping key valuation inputs broadly unchanged. Analyst Commentary Bullish Takeaways Bullish analysts view the reaffirmed assumptions on revenue and profit margins as supportive of the revised £12.47 target and suggest the current P/E framework is still seen as appropriate for National Grid's earnings profile.