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

UpdatedApr 13, 2026
DataAggregated Company Financials
Companies3
  • 7D1.2%
  • 3M16.8%
  • 1Y30.7%
  • YTDn/a

In the last week, the Multi-Utilities industry is up 1.2%, with National Grid up 1.9%. In the last 12 months, the industry was up 34%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Apr 2026UK£77.7bUK£38.9bUK£2.9b19.9x27.1x2x
Wed, 11 Mar 2026UK£77.2bUK£38.9bUK£2.9b19.7x26.9x2x
Fri, 06 Feb 2026UK£73.4bUK£38.9bUK£2.7b19.2x27.2x1.9x
Sun, 04 Jan 2026UK£66.4bUK£38.9bUK£2.7b18.1x24.6x1.7x
Tue, 02 Dec 2025UK£65.7bUK£38.9bUK£2.7b19x24.4x1.7x
Thu, 30 Oct 2025UK£66.5bUK£39.7bUK£2.7b19.6x25x1.7x
Sat, 27 Sep 2025UK£61.7bUK£39.7bUK£2.7b19x23.2x1.6x
Mon, 25 Aug 2025UK£61.3bUK£39.7bUK£2.7b19.1x23.1x1.5x
Wed, 23 Jul 2025UK£63.2bUK£40.1bUK£4.2b19x14.9x1.6x
Fri, 20 Jun 2025UK£60.9bUK£40.1bUK£4.2b18.1x14.4x1.5x
Sun, 18 May 2025UK£61.0bUK£40.1bUK£4.2b18.4x14.4x1.5x
Tue, 15 Apr 2025UK£59.2bUK£41.1bUK£3.1b18x18.9x1.4x
Thu, 13 Mar 2025UK£55.2bUK£41.1bUK£3.1b18x17.6x1.3x
Sat, 08 Feb 2025UK£56.2bUK£41.7bUK£2.9b18.1x19.4x1.3x
Mon, 06 Jan 2025UK£54.9bUK£41.7bUK£2.9b18.3x18.9x1.3x
Wed, 04 Dec 2024UK£56.4bUK£41.7bUK£2.9b19.2x19.4x1.4x
Fri, 01 Nov 2024UK£55.7bUK£42.4bUK£3.4b19.2x16.4x1.3x
Sun, 29 Sep 2024UK£58.1bUK£42.4bUK£3.4b20.7x17.1x1.4x
Tue, 27 Aug 2024UK£56.7bUK£42.4bUK£3.4b20.3x16.7x1.3x
Thu, 25 Jul 2024UK£55.5bUK£48.3bUK£6.2b19.8x8.9x1.1x
Sat, 22 Jun 2024UK£51.7bUK£48.3bUK£6.2b19.4x8.3x1.1x
Mon, 20 May 2024UK£51.3bUK£50.0bUK£6.6b16.5x7.8x1x
Wed, 17 Apr 2024UK£46.3bUK£50.0bUK£6.6b14.9x7.1x0.9x
Fri, 15 Mar 2024UK£46.8bUK£50.0bUK£6.6b15.2x7.1x0.9x
Sun, 11 Feb 2024UK£45.3bUK£53.4bUK£6.9b14.5x6.6x0.8x
Tue, 09 Jan 2024UK£48.9bUK£53.4bUK£6.9b15.4x7.1x0.9x
Thu, 07 Dec 2023UK£48.1bUK£53.4bUK£6.9b15.2x7x0.9x
Sat, 04 Nov 2023UK£46.3bUK£54.1bUK£7.0b13.5x6.6x0.9x
Mon, 02 Oct 2023UK£45.7bUK£54.1bUK£7.0b13.3x6.5x0.8x
Wed, 30 Aug 2023UK£45.8bUK£54.1bUK£7.0b13.4x6.5x0.8x
Fri, 28 Jul 2023UK£46.6bUK£47.9bUK£2.0b16.7x23.3x1x
Sun, 25 Jun 2023UK£46.0bUK£46.6bUK£2.0b20.3x23.3x1x
Tue, 23 May 2023UK£48.6bUK£46.6bUK£2.0b22.4x24.6x1x
Thu, 20 Apr 2023UK£49.2bUK£45.9bUK£2.2b24.3x22.4x1.1x
Price to Earnings Ratio

22.4x


Total Market Cap: UK£49.2bTotal 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 16.3x202420252026
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 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 Market1.87%
Utilities1.29%
Other Utilities1.22%
Multi-Utilities1.22%
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£13.481.9%
+UK£1.2b		30.0%PE23.3x
TEP Telecom PlusUK£13.663.3%
+UK£35.1m		-20.1%PE16.5x

Latest News

CNA
UK£2.11
Centrica
7D
-3.2%
1Y
46.3%

CNA: Low Carbon Projects And On Site Power Partnerships Will Support Fair Outlook

Centrica's analyst price target has edged higher to £2.19 from £2.16, as analysts point to recent price target increases across the Street and see support from disruption in energy markets and the company's positioning in low carbon generation. Analyst Commentary Recent Street research around Centrica shows a mix of optimism on the long term setup and caution on near term execution and valuation, which is reflected in both upgrades and downgrades alongside a cluster of higher price targets.
TEP
UK£13.66
Telecom Plus
7D
3.3%
1Y
-20.1%

TEP: Stable Assumptions And Steady Outlook Will Support Stronger Future Returns

Telecom Plus sees its analyst price target held at £23.48, with analysts keeping their fair value, discount rate, revenue growth, profit margin and future P/E assumptions effectively unchanged. This signals that their latest review leaves the core investment case intact.
NG.
UK£13.48
National Grid
7D
1.9%
1Y
30.0%

NG.: Grid Optimization And Execution Discipline Will Shape Earnings Resilience And Future P/E

Analysts have raised their price target on National Grid to £13.63 from £13.53, citing slightly higher assumptions for revenue growth, profit margin and future P/E as the main drivers of the change. Analyst Commentary Analysts are updating their views on National Grid in light of the revised price target, with attention on how the company can support its valuation through consistent execution and disciplined capital allocation.