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U.K. (FTSE) Water Utilities Industry Analysis

UpdatedApr 27, 2026
DataAggregated Company Financials
Companies3
  • 7D-1.2%
  • 3M6.7%
  • 1Y16.9%
  • YTD9.9%

In the last week, the Water Utilities industry is flat overall, with Pennon Group standing out by going down 3.5%. The past year has been better, since the industry has gained 18% in that time. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Apr 2026UK£21.1bUK£6.2bUK£746.6m30.1x28.3x3.4x
Wed, 25 Mar 2026UK£19.7bUK£6.2bUK£746.6m27.9x26.4x3.2x
Fri, 20 Feb 2026UK£21.3bUK£6.2bUK£746.6m29.9x28.5x3.4x
Sun, 18 Jan 2026UK£19.5bUK£6.2bUK£746.6m27.1x26.1x3.1x
Tue, 16 Dec 2025UK£18.6bUK£6.2bUK£746.6m25.8x24.9x3x
Thu, 13 Nov 2025UK£18.9bUK£5.6bUK£436.2m33.7x43.4x3.4x
Sat, 11 Oct 2025UK£18.3bUK£5.6bUK£436.2m32.5x42x3.3x
Mon, 08 Sep 2025UK£17.5bUK£5.6bUK£436.2m31.2x40.2x3.1x
Wed, 06 Aug 2025UK£18.4bUK£5.6bUK£436.2m32.5x42.1x3.3x
Fri, 04 Jul 2025UK£18.1bUK£5.6bUK£436.2m32.1x41.5x3.2x
Sun, 01 Jun 2025UK£18.5bUK£5.6bUK£452.9m32.8x40.9x3.3x
Tue, 29 Apr 2025UK£18.0bUK£5.4bUK£302.0m51.1x59.7x3.3x
Thu, 27 Mar 2025UK£15.4bUK£5.4bUK£302.0m45.8x51x2.8x
Sat, 22 Feb 2025UK£15.1bUK£5.4bUK£302.0m44.8x50.1x2.8x
Mon, 20 Jan 2025UK£15.8bUK£5.4bUK£302.0m46.4x52.4x2.9x
Wed, 18 Dec 2024UK£16.7bUK£5.4bUK£302.0m49x55.4x3.1x
Fri, 15 Nov 2024UK£17.0bUK£5.2bUK£257.6m57.8x66.1x3.3x
Sun, 13 Oct 2024UK£16.2bUK£5.2bUK£257.6m54.8x62.9x3.1x
Tue, 10 Sep 2024UK£17.3bUK£5.2bUK£257.6m58x67.2x3.3x
Thu, 08 Aug 2024UK£16.2bUK£5.2bUK£257.6m54.3x63x3.1x
Sat, 06 Jul 2024UK£16.2bUK£5.2bUK£257.6m54.3x63x3.1x
Mon, 03 Jun 2024UK£15.8bUK£5.1bUK£99.4m50.9x159.4x3.1x
Wed, 01 May 2024UK£16.4bUK£5.0bUK£56.9m70.3x288.3x3.3x
Fri, 29 Mar 2024UK£16.3bUK£5.0bUK£56.9m70.4x285.7x3.3x
Sun, 25 Feb 2024UK£16.5bUK£5.0bUK£56.9m72x290.6x3.3x
Tue, 23 Jan 2024UK£16.7bUK£5.0bUK£56.9m72.2x293.1x3.4x
Thu, 21 Dec 2023UK£17.5bUK£5.0bUK£56.9m76.1x307x3.5x
Sat, 18 Nov 2023UK£17.4bUK£4.8bUK£101.0m9785.4x172.4x3.6x
Mon, 16 Oct 2023UK£15.9bUK£4.8bUK£337.2m55.4x47x3.3x
Wed, 13 Sep 2023UK£14.2bUK£4.8bUK£337.2m46.3x42.1x3x
Fri, 11 Aug 2023UK£14.5bUK£4.8bUK£337.2m46.7x43x3x
Sun, 09 Jul 2023UK£14.2bUK£4.8bUK£337.2m45.7x42x3x
Tue, 06 Jun 2023UK£16.1bUK£4.8bUK£337.2m52.4x47.7x3.4x
Thu, 04 May 2023UK£17.0bUK£4.7bUK£740.0m40x23x3.6x
Price to Earnings Ratio

23x


Total Market Cap: UK£17.0bTotal Earnings: UK£740.0mTotal Revenue: UK£4.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Water Utilities Industry Price to Earnings3Y Average 89.5x202420252026
Current Industry PE
    There are only 3 companies in the British Water 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 Water Utilities industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 9.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the U.K. Utilities industry?

GB Market-2.14%
Utilities1.80%
Water Utilities-1.21%
Water-1.21%
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

SVT
UK£31.53
Severn Trent
7D
-0.5%
1Y
15.9%

SVT: Clustered 3,300 GBp Views Will Shape A Balanced Forward Stance

Severn Trent’s updated fair value estimate has edged up from £31.26 to £31.88, as analysts factor in recent price target increases around £3,300 and mixed rating changes that focus on valuation and refined P/E expectations. Analyst Commentary Recent research on Severn Trent has centred on where the current share price sits versus revised price targets and how much valuation headroom is left after the latest moves.
UU.
UK£13.40
United Utilities Group
7D
-1.2%
1Y
20.9%

UU.: Mixed Rating Shifts And Modest Assumption Tweaks Will Guide Post Repricing Trade-Off

Analysts have nudged their fair value estimate for United Utilities higher from about £13.68 to roughly £13.93 per share. This reflects updated price targets around £14.50 and refreshed assumptions on discount rates, revenue growth, profit margins and future P/E multiples.
PNN
UK£5.23
Pennon Group
7D
-3.9%
1Y
7.2%

PNN: Refreshed £6.50 Outlook Will Temper Mixed Rating Movements

Analysts have nudged Pennon Group's implied price target higher to around £6.50, supported by refreshed models that reflect updated assumptions on revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent research on Pennon Group shows a mix of optimism around valuation support and caution around execution risk, with several target price adjustments and rating changes in quick succession.