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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

The Multi-Utilities industry is up 2.4% in the last week, with Centrica up 0.7%. This means that the industry has gained 42% over the past year. 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
Wed, 04 Mar 2026UK£79.2bUK£38.9bUK£2.9b20.3x27.6x2x
Fri, 30 Jan 2026UK£70.7bUK£38.9bUK£2.7b18.7x26.3x1.8x
Sun, 28 Dec 2025UK£65.2bUK£38.9bUK£2.7b18x24.2x1.7x
Tue, 25 Nov 2025UK£64.2bUK£38.8bUK£2.7b18.8x23.7x1.7x
Thu, 23 Oct 2025UK£66.4bUK£39.7bUK£2.7b19.7x25x1.7x
Sat, 20 Sep 2025UK£60.7bUK£39.7bUK£2.7b18.7x22.8x1.5x
Mon, 18 Aug 2025UK£61.2bUK£39.7bUK£2.7b19x23x1.5x
Wed, 16 Jul 2025UK£60.2bUK£40.1bUK£4.2b18.1x14.2x1.5x
Fri, 13 Jun 2025UK£61.6bUK£40.1bUK£4.2b18.4x14.5x1.5x
Sun, 11 May 2025UK£60.5bUK£41.1bUK£3.1b21.1x19.3x1.5x
Tue, 08 Apr 2025UK£55.7bUK£41.1bUK£3.1b17.6x17.8x1.4x
Thu, 06 Mar 2025UK£54.4bUK£41.1bUK£3.1b17.8x17.4x1.3x
Sat, 01 Feb 2025UK£56.4bUK£41.7bUK£2.9b17.6x19.4x1.4x
Mon, 30 Dec 2024UK£54.2bUK£41.7bUK£2.9b17.9x18.7x1.3x
Wed, 27 Nov 2024UK£56.0bUK£41.8bUK£2.9b20x19.3x1.3x
Fri, 25 Oct 2024UK£56.9bUK£42.4bUK£3.4b19.5x16.8x1.3x
Sun, 22 Sep 2024UK£58.2bUK£42.4bUK£3.4b20.5x17.1x1.4x
Tue, 20 Aug 2024UK£56.4bUK£42.4bUK£3.4b20.8x16.6x1.3x
Thu, 18 Jul 2024UK£53.5bUK£48.3bUK£6.2b19.8x8.6x1.1x
Sat, 15 Jun 2024UK£50.8bUK£49.1bUK£6.2b19.1x8.2x1x
Mon, 13 May 2024UK£50.3bUK£50.0bUK£6.6b16.2x7.7x1x
Wed, 10 Apr 2024UK£46.4bUK£50.0bUK£6.6b15x7.1x0.9x
Fri, 08 Mar 2024UK£47.4bUK£50.0bUK£6.6b15.3x7.2x0.9x
Sun, 04 Feb 2024UK£47.0bUK£53.4bUK£6.9b15.1x6.8x0.9x
Tue, 02 Jan 2024UK£47.8bUK£53.4bUK£6.9b15.3x7x0.9x
Thu, 30 Nov 2023UK£47.0bUK£53.4bUK£6.9b14.8x6.9x0.9x
Sat, 28 Oct 2023UK£45.8bUK£54.1bUK£7.0b13.3x6.5x0.8x
Mon, 25 Sep 2023UK£48.1bUK£54.1bUK£7.0b13.9x6.9x0.9x
Wed, 23 Aug 2023UK£44.1bUK£54.1bUK£7.0b12.8x6.3x0.8x
Fri, 21 Jul 2023UK£46.7bUK£47.9bUK£2.0b16.9x23.4x1x
Sun, 18 Jun 2023UK£46.4bUK£46.6bUK£2.0b20.6x23.5x1x
Tue, 16 May 2023UK£50.7bUK£45.9bUK£2.2b23.2x23.1x1.1x
Thu, 13 Apr 2023UK£50.3bUK£45.9bUK£2.2b24.1x22.9x1.1x
Sat, 11 Mar 2023UK£46.2bUK£45.9bUK£2.2b23.4x21x1x
Price to Earnings Ratio

21x


Total Market Cap: UK£46.2bTotal 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 16.1x202420252026
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
CNA CentricaUK£1.920.7%
+UK£60.9m		30.6%PS0.4x

Latest News

TEP
UK£13.40
Telecom Plus
7D
-1.8%
1Y
-20.9%

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£1.92
Centrica
7D
0.7%
1Y
30.6%

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£13.46
National Grid
7D
-2.0%
1Y
38.4%

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.