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

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies3
  • 7D-9.2%
  • 3M10.4%
  • 1Y26.0%
  • YTDn/a

Over the last 7 days, the Multi-Utilities industry has dropped 9.2%, driven by declines from every company within the industry. In the past year, the industry has gained 26%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Mar 2026UK£71.5bUK£38.9bUK£2.9b18.5x24.9x1.8x
Tue, 17 Feb 2026UK£78.1bUK£38.9bUK£2.7b20.1x29x2x
Thu, 15 Jan 2026UK£67.0bUK£38.9bUK£2.7b18.4x24.9x1.7x
Sat, 13 Dec 2025UK£64.2bUK£38.9bUK£2.7b18.2x23.8x1.7x
Mon, 10 Nov 2025UK£67.5bUK£38.8bUK£2.7b19.1x25x1.7x
Wed, 08 Oct 2025UK£63.6bUK£39.7bUK£2.7b19.3x23.9x1.6x
Fri, 05 Sep 2025UK£59.4bUK£39.7bUK£2.7b18.5x22.3x1.5x
Sun, 03 Aug 2025UK£62.9bUK£39.7bUK£2.7b19.1x23.7x1.6x
Tue, 01 Jul 2025UK£61.3bUK£40.1bUK£4.2b18.4x14.5x1.5x
Thu, 29 May 2025UK£61.7bUK£40.1bUK£4.2b18.6x14.6x1.5x
Sat, 26 Apr 2025UK£61.8bUK£41.1bUK£3.1b19.3x19.7x1.5x
Mon, 24 Mar 2025UK£56.6bUK£41.1bUK£3.1b18.4x18.1x1.4x
Wed, 19 Feb 2025UK£54.3bUK£41.7bUK£2.9b17.9x18.7x1.3x
Fri, 17 Jan 2025UK£54.6bUK£41.7bUK£2.9b18x18.8x1.3x
Sun, 15 Dec 2024UK£54.2bUK£41.7bUK£2.9b18.4x18.7x1.3x
Tue, 12 Nov 2024UK£55.6bUK£41.8bUK£2.9b19.6x19.2x1.3x
Thu, 10 Oct 2024UK£56.0bUK£42.4bUK£3.4b20.3x16.5x1.3x
Sat, 07 Sep 2024UK£57.5bUK£42.4bUK£3.4b20.1x17x1.4x
Mon, 05 Aug 2024UK£56.7bUK£42.4bUK£3.4b20.2x16.7x1.3x
Wed, 03 Jul 2024UK£51.1bUK£48.3bUK£6.2b19.4x8.2x1.1x
Fri, 31 May 2024UK£40.2bUK£49.1bUK£6.2b14.2x6.5x0.8x
Sun, 28 Apr 2024UK£47.4bUK£50.0bUK£6.6b15.2x7.2x0.9x
Tue, 26 Mar 2024UK£47.7bUK£50.0bUK£6.6b15.6x7.3x1x
Thu, 22 Feb 2024UK£46.7bUK£50.0bUK£6.6b15.1x7.1x0.9x
Sat, 20 Jan 2024UK£46.9bUK£53.4bUK£6.9b14.9x6.8x0.9x
Mon, 18 Dec 2023UK£48.1bUK£53.4bUK£6.9b15.4x7x0.9x
Wed, 15 Nov 2023UK£45.8bUK£53.1bUK£6.9b14.3x6.7x0.9x
Fri, 13 Oct 2023UK£45.3bUK£54.1bUK£7.0b13.1x6.5x0.8x
Sun, 10 Sep 2023UK£46.9bUK£54.1bUK£7.0b13.5x6.7x0.9x
Tue, 08 Aug 2023UK£44.5bUK£54.1bUK£7.0b13.1x6.3x0.8x
Thu, 06 Jul 2023UK£46.0bUK£47.9bUK£2.0b16.8x23x1x
Sat, 03 Jun 2023UK£46.8bUK£46.6bUK£2.0b20.5x23.7x1x
Mon, 01 May 2023UK£49.9bUK£45.9bUK£2.2b23x22.7x1.1x
Wed, 29 Mar 2023UK£46.6bUK£45.9bUK£2.2b23.2x21.2x1x
Price to Earnings Ratio

21.2x


Total Market Cap: UK£46.6bTotal 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 16.2x202420252026
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 Market-3.50%
Utilities-7.70%
Other Utilities-9.16%
Multi-Utilities-9.16%
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
No data available

Latest News

CNA
UK£2.03
Centrica
7D
-2.0%
1Y
40.6%

CNA: Fair View Balances Low Carbon Upside With Fewer Near Term Catalysts

The analyst price target for Centrica has edged higher to reflect a modest uplift in fair value to £2.05 and a slightly richer future P/E assumption, as analysts balance higher UK low carbon and gas price tailwinds against recent share gains and fewer near term catalysts. Analyst Commentary Recent research on Centrica shows a split between bullish and bearish analysts, with several raising price targets while others have turned more cautious after the share price recovery and completion of the buyback.
TEP
UK£12.96
Telecom Plus
7D
-3.6%
1Y
-25.9%

TEP: Unchanged Fundamentals Will Support Stronger Future Shareholder Returns

Analysts have kept their fair value estimate for Telecom Plus steady at £23.48, reflecting unchanged assumptions for growth, profitability and future P/E that collectively support a stable price target outlook. Valuation Changes Fair Value: £23.48 is unchanged, indicating no revision to the central valuation for Telecom Plus.
NG.
UK£12.33
National Grid
7D
-10.2%
1Y
25.6%

NG.: Margin Resilience And P/E Expectations Will Shape Predictable Future Returns

Analysts have nudged their National Grid fair value estimate higher from £12.47 to £13.14, pointing to slightly firmer profit margin expectations and a modestly higher future P/E multiple, even as revenue growth assumptions are trimmed. Analyst Commentary Bullish Takeaways Bullish analysts view the uplift in fair value to £13.14 as consistent with a business that can sustain firmer profit margins over time, which they see as supportive of the overall earnings quality story.