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

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies3
  • 7D3.1%
  • 3M7.6%
  • 1Y25.8%
  • YTDn/a

The Multi-Utilities industry is up 2.6% in the last week, with National Grid up 2.5%. This takes the industry's 12 month performance to a gain of 25%. 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
Tue, 03 Feb 2026UK£71.4bUK£38.9bUK£2.7b18.7x26.5x1.8x
Thu, 01 Jan 2026UK£65.4bUK£38.9bUK£2.7b18.1x24.3x1.7x
Sat, 29 Nov 2025UK£66.0bUK£38.9bUK£2.7b19.4x24.5x1.7x
Mon, 27 Oct 2025UK£66.9bUK£39.7bUK£2.7b19.9x25.2x1.7x
Wed, 24 Sep 2025UK£60.8bUK£39.7bUK£2.7b18.7x22.9x1.5x
Fri, 22 Aug 2025UK£61.9bUK£39.7bUK£2.7b19.1x23.3x1.6x
Sun, 20 Jul 2025UK£61.5bUK£40.1bUK£4.2b18.6x14.5x1.5x
Tue, 17 Jun 2025UK£61.3bUK£40.1bUK£4.2b18.3x14.5x1.5x
Thu, 15 May 2025UK£58.5bUK£41.1bUK£3.1b20.7x18.7x1.4x
Sat, 12 Apr 2025UK£57.9bUK£41.1bUK£3.1b17.7x18.5x1.4x
Mon, 10 Mar 2025UK£54.2bUK£41.1bUK£3.1b17.9x17.3x1.3x
Wed, 05 Feb 2025UK£56.7bUK£41.7bUK£2.9b17.5x19.5x1.4x
Fri, 03 Jan 2025UK£55.2bUK£41.7bUK£2.9b18.1x19x1.3x
Sun, 01 Dec 2024UK£56.4bUK£41.7bUK£2.9b18.9x19.4x1.4x
Tue, 29 Oct 2024UK£56.6bUK£42.4bUK£3.4b19.4x16.7x1.3x
Thu, 26 Sep 2024UK£58.3bUK£42.4bUK£3.4b19.9x17.2x1.4x
Sat, 24 Aug 2024UK£56.7bUK£42.4bUK£3.4b20.3x16.7x1.3x
Mon, 22 Jul 2024UK£54.3bUK£48.3bUK£6.2b19.8x8.7x1.1x
Wed, 19 Jun 2024UK£51.4bUK£49.1bUK£6.2b19.4x8.3x1x
Fri, 17 May 2024UK£51.7bUK£50.0bUK£6.6b16.6x7.9x1x
Sun, 14 Apr 2024UK£47.0bUK£50.0bUK£6.6b15.1x7.2x0.9x
Tue, 12 Mar 2024UK£47.3bUK£50.0bUK£6.6b15.3x7.2x0.9x
Thu, 08 Feb 2024UK£46.8bUK£53.4bUK£6.9b15.1x6.8x0.9x
Sat, 06 Jan 2024UK£49.0bUK£53.4bUK£6.9b15.5x7.1x0.9x
Mon, 04 Dec 2023UK£47.5bUK£53.4bUK£6.9b14.9x6.9x0.9x
Wed, 01 Nov 2023UK£45.8bUK£54.1bUK£7.0b13.3x6.5x0.8x
Fri, 29 Sep 2023UK£45.2bUK£54.1bUK£7.0b13.1x6.4x0.8x
Sun, 27 Aug 2023UK£45.4bUK£54.1bUK£7.0b13.3x6.5x0.8x
Tue, 25 Jul 2023UK£47.3bUK£47.9bUK£2.0b17x23.7x1x
Thu, 22 Jun 2023UK£46.4bUK£46.6bUK£2.0b20.7x23.5x1x
Sat, 20 May 2023UK£48.5bUK£46.6bUK£2.0b22.7x24.5x1x
Mon, 17 Apr 2023UK£49.1bUK£45.9bUK£2.2b24.2x22.4x1.1x
Wed, 15 Mar 2023UK£46.6bUK£45.9bUK£2.2b23.6x21.2x1x
Fri, 10 Feb 2023UK£45.1bUK£40.3bUK£2.0b23.8x23.1x1.1x
Price to Earnings Ratio

23.1x


Total Market Cap: UK£45.1bTotal Earnings: UK£2.0bTotal Revenue: UK£40.3bTotal 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 11% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does U.K. Multi-Utilities compare with similar industries?

GB Market1.41%
Utilities2.72%
Other Utilities3.06%
Multi-Utilities3.06%
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£12.413.0%
+UK£1.8b		25.8%PE21.5x
CNA CentricaUK£1.923.9%
+UK£327.7m		35.4%PS0.4x

Latest News

NG.
UK£12.41
National Grid
7D
3.0%
1Y
25.8%

NG.: Dividend Outlook And Regulation Will Shape Steady Long Term Returns

Narrative Update Overview Analysts have modestly raised their fair value estimate for National Grid to £12.31 from £12.08, citing updated assumptions for future revenue growth, profit margins and P/E. These updates still use an unchanged 7.07% discount rate.
TEP
UK£13.26
Telecom Plus
7D
-2.4%
1Y
-20.5%

TEP: Interim Dividend And Steady Assumptions Will Support Future Shareholder Returns

Analysts have left their price target for Telecom Plus unchanged at £23.48, indicating stable views on revenue, profit margins and future P/E assumptions in their latest models. What's in the News Telecom Plus proposed an interim dividend of 38 pence per share for the six months ended 30 September 2025, compared with 37 pence per share for H1 FY25 (Key Developments).
CNA
UK£1.92
Centrica
7D
3.9%
1Y
35.4%

CNA: Neutral Stance Will Hinge On Execution And Margin Resilience

Analysts have trimmed their fair value estimate for Centrica slightly, now seeing it closer to £1.96 per share. Updated assumptions on revenue growth, profit margins and future P/E have led to a more cautious stance, which is reflected in the recent move to a Neutral rating with a £1.85 price target.