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

UpdatedMay 22, 2026
DataAggregated Company Financials
Companies3
  • 7D-0.9%
  • 3M-4.1%
  • 1Y16.7%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 1.8%, driven by a pullback from National Grid of 1.6%. In the past year, the industry has gained 14%. 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
Fri, 22 May 2026UK£73.5bUK£39.1bUK£3.2b16.2x22.7x1.9x
Sun, 19 Apr 2026UK£73.4bUK£38.9bUK£2.9b19.3x25.6x1.9x
Tue, 17 Mar 2026UK£78.7bUK£38.9bUK£2.9b20x27.5x2x
Thu, 12 Feb 2026UK£76.0bUK£38.9bUK£2.7b19.7x28.2x2x
Sat, 10 Jan 2026UK£68.4bUK£38.9bUK£2.7b18.6x25.4x1.8x
Mon, 08 Dec 2025UK£65.1bUK£38.9bUK£2.7b18.2x24.2x1.7x
Wed, 05 Nov 2025UK£66.4bUK£39.7bUK£2.7b19.3x25x1.7x
Fri, 03 Oct 2025UK£62.4bUK£39.7bUK£2.7b19x23.5x1.6x
Sun, 31 Aug 2025UK£60.7bUK£39.7bUK£2.7b18.6x22.8x1.5x
Tue, 29 Jul 2025UK£61.4bUK£39.7bUK£2.7b19.1x23.1x1.5x
Thu, 26 Jun 2025UK£61.7bUK£40.1bUK£4.2b18.5x14.6x1.5x
Sat, 24 May 2025UK£62.9bUK£40.1bUK£4.2b18.9x14.9x1.6x
Mon, 21 Apr 2025UK£61.7bUK£41.1bUK£3.1b18.7x19.7x1.5x
Wed, 19 Mar 2025UK£56.0bUK£41.1bUK£3.1b18.5x17.9x1.4x
Fri, 14 Feb 2025UK£55.2bUK£41.7bUK£2.9b17.8x19x1.3x
Sun, 12 Jan 2025UK£52.9bUK£41.7bUK£2.9b17.1x18.2x1.3x
Tue, 10 Dec 2024UK£55.2bUK£41.7bUK£2.9b18.6x19x1.3x
Thu, 07 Nov 2024UK£55.2bUK£42.4bUK£3.4b18.6x16.3x1.3x
Sat, 05 Oct 2024UK£56.2bUK£42.4bUK£3.4b20.2x16.6x1.3x
Mon, 02 Sep 2024UK£56.9bUK£42.4bUK£3.4b20.5x16.8x1.3x
Wed, 31 Jul 2024UK£56.2bUK£42.4bUK£3.4b20.5x16.6x1.3x
Fri, 28 Jun 2024UK£50.8bUK£48.3bUK£6.2b19.1x8.2x1.1x
Sun, 26 May 2024UK£41.9bUK£49.1bUK£6.2b14.9x6.8x0.9x
Tue, 23 Apr 2024UK£46.9bUK£50.0bUK£6.6b15.1x7.2x0.9x
Thu, 21 Mar 2024UK£47.2bUK£50.0bUK£6.6b15.4x7.2x0.9x
Sat, 17 Feb 2024UK£46.3bUK£50.0bUK£6.6b14.8x7.1x0.9x
Mon, 15 Jan 2024UK£48.8bUK£53.4bUK£6.9b15.5x7.1x0.9x
Wed, 13 Dec 2023UK£48.3bUK£53.4bUK£6.9b15.4x7x0.9x
Fri, 10 Nov 2023UK£45.6bUK£54.1bUK£7.0b13.3x6.5x0.8x
Sun, 08 Oct 2023UK£43.9bUK£54.1bUK£7.0b12.7x6.3x0.8x
Tue, 05 Sep 2023UK£45.7bUK£54.1bUK£7.0b13.3x6.5x0.8x
Thu, 03 Aug 2023UK£45.6bUK£54.1bUK£7.0b13.5x6.5x0.8x
Sat, 01 Jul 2023UK£46.5bUK£47.9bUK£2.0b16.8x23.2x1x
Mon, 29 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 Market0.25%
Utilities-1.27%
Other Utilities-0.94%
Multi-Utilities-0.94%
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£10.582.9%
+UK£24.0m		-48.0%PE12.8x

Latest News

NG.
UK£12.79
National Grid
7D
-0.9%
1Y
17.5%
Analysis Article • May 21

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£1.99
Centrica
7D
-1.6%
1Y
25.1%
TEP
UK£10.58
Telecom Plus
7D
2.9%
1Y
-48.0%
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.