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U.K. (FTSE) Water Utilities Industry Analysis

UpdatedApr 13, 2026
DataAggregated Company Financials
Companies3
  • 7D2.3%
  • 3M16.5%
  • 1Y25.9%
  • YTD14.5%

In the last week, the Water Utilities industry is up 2.3%, with all of the companies up. In the last 12 months, the industry was up 28%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Apr 2026UK£22.0bUK£6.2bUK£746.6m31.1x29.4x3.5x
Wed, 11 Mar 2026UK£20.9bUK£6.2bUK£746.6m29.5x28x3.4x
Fri, 06 Feb 2026UK£20.3bUK£6.2bUK£746.6m28.6x27.2x3.3x
Sun, 04 Jan 2026UK£19.2bUK£6.2bUK£746.6m26.9x25.7x3.1x
Tue, 02 Dec 2025UK£19.5bUK£6.2bUK£746.6m26.9x26.1x3.1x
Thu, 30 Oct 2025UK£19.2bUK£5.6bUK£436.2m33.9x43.9x3.4x
Sat, 27 Sep 2025UK£17.4bUK£5.6bUK£436.2m31.1x40x3.1x
Mon, 25 Aug 2025UK£18.2bUK£5.6bUK£436.2m32.2x41.6x3.2x
Wed, 23 Jul 2025UK£18.9bUK£5.6bUK£436.2m33.3x43.3x3.4x
Fri, 20 Jun 2025UK£18.2bUK£5.6bUK£436.2m32.5x41.8x3.2x
Sun, 18 May 2025UK£18.0bUK£5.5bUK£453.5m31.8x39.6x3.3x
Tue, 15 Apr 2025UK£17.4bUK£5.4bUK£302.0m49.5x57.8x3.2x
Thu, 13 Mar 2025UK£15.2bUK£5.4bUK£302.0m45.5x50.3x2.8x
Sat, 08 Feb 2025UK£15.5bUK£5.4bUK£302.0m46.1x51.2x2.8x
Mon, 06 Jan 2025UK£16.1bUK£5.4bUK£302.0m47.4x53.5x3x
Wed, 04 Dec 2024UK£17.5bUK£5.4bUK£302.0m51.3x57.9x3.2x
Fri, 01 Nov 2024UK£16.5bUK£5.2bUK£257.6m56x64.2x3.2x
Sun, 29 Sep 2024UK£16.9bUK£5.2bUK£257.6m56.8x65.5x3.2x
Tue, 27 Aug 2024UK£16.0bUK£5.2bUK£257.6m53.6x62.3x3.1x
Thu, 25 Jul 2024UK£16.1bUK£5.2bUK£257.6m53.6x62.7x3.1x
Sat, 22 Jun 2024UK£16.0bUK£5.2bUK£257.6m53.5x62.2x3.1x
Mon, 20 May 2024UK£17.5bUK£5.0bUK£56.9m75.3x308x3.5x
Wed, 17 Apr 2024UK£15.8bUK£5.0bUK£56.9m67.8x278.2x3.2x
Fri, 15 Mar 2024UK£16.9bUK£5.0bUK£56.9m73.4x296.4x3.4x
Sun, 11 Feb 2024UK£16.2bUK£5.0bUK£56.9m70.3x284.6x3.3x
Tue, 09 Jan 2024UK£16.7bUK£5.0bUK£56.9m73.1x294.1x3.4x
Thu, 07 Dec 2023UK£17.4bUK£5.0bUK£56.9m75.7x305.3x3.5x
Sat, 04 Nov 2023UK£17.4bUK£4.8bUK£337.2m60.9x51.6x3.6x
Mon, 02 Oct 2023UK£15.1bUK£4.8bUK£337.2m53.5x44.7x3.1x
Wed, 30 Aug 2023UK£14.2bUK£4.8bUK£337.2m46x42.1x3x
Fri, 28 Jul 2023UK£15.2bUK£4.8bUK£337.2m49x45.1x3.2x
Sun, 25 Jun 2023UK£15.5bUK£4.8bUK£337.2m51.2x45.9x3.2x
Tue, 23 May 2023UK£16.3bUK£4.7bUK£740.0m38.3x22x3.5x
Thu, 20 Apr 2023UK£16.8bUK£4.7bUK£740.0m39.8x22.7x3.6x
Price to Earnings Ratio

22.7x


Total Market Cap: UK£16.8bTotal 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 Market1.87%
Utilities1.29%
Water Utilities2.33%
Water2.33%
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
SVT Severn TrentUK£32.552.5%
+UK£234.8m		24.1%PE31.1x
UU. United Utilities GroupUK£13.942.2%
+UK£201.2m		29.6%PE23.7x
PNN Pennon GroupUK£5.682.4%
+UK£63.7m		19.9%PE90.6x

Latest News

UU.
UK£13.94
United Utilities Group
7D
2.2%
1Y
29.6%

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£5.68
Pennon Group
7D
2.4%
1Y
19.9%

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.
SVT
UK£32.55
Severn Trent
7D
2.5%
1Y
24.1%

SVT: Clustered 3,300 GBp Views Will Guide A Measured Forward Outlook

Analysts have nudged their fair value estimate for Severn Trent slightly higher to £31.26 from £31.03, citing recent price target moves to £3,300 that reflect updated assumptions on growth, margins and P/E multiples. Analyst Commentary Recent Street commentary on Severn Trent points to a mixed set of views, with several firms adjusting ratings and price targets around the £33.00 level.