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U.K. (FTSE) Water Utilities Industry Analysis

UpdatedApr 28, 2026
DataAggregated Company Financials
Companies3
  • 7D-1.6%
  • 3M6.3%
  • 1Y16.4%
  • YTD9.5%

Over the last 7 days, the Water Utilities industry has dropped 1.6%, driven by a pullback from Pennon Group of 0.3%. This takes the industry's 12 month performance to a gain of 16%. 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
Wed, 29 Apr 2026UK£21.0bUK£6.2bUK£746.6m29.9x28.2x3.4x
Fri, 27 Mar 2026UK£20.2bUK£6.2bUK£746.6m28.5x27.1x3.3x
Sun, 22 Feb 2026UK£21.4bUK£6.2bUK£746.6m30x28.6x3.4x
Tue, 20 Jan 2026UK£19.6bUK£6.2bUK£746.6m27.4x26.3x3.2x
Thu, 18 Dec 2025UK£19.0bUK£6.2bUK£746.6m26.4x25.5x3.1x
Sat, 15 Nov 2025UK£18.7bUK£5.8bUK£573.1m28.1x32.6x3.2x
Mon, 13 Oct 2025UK£18.3bUK£5.6bUK£436.2m32.5x42x3.3x
Wed, 10 Sep 2025UK£17.5bUK£5.6bUK£436.2m31.1x40x3.1x
Fri, 08 Aug 2025UK£18.1bUK£5.6bUK£436.2m32.1x41.5x3.2x
Sun, 06 Jul 2025UK£18.0bUK£5.6bUK£436.2m32x41.3x3.2x
Tue, 03 Jun 2025UK£18.6bUK£5.6bUK£452.9m33x41.1x3.4x
Thu, 01 May 2025UK£18.4bUK£5.4bUK£302.0m52.2x61x3.4x
Sat, 29 Mar 2025UK£16.5bUK£5.4bUK£302.0m46.5x54.6x3x
Mon, 24 Feb 2025UK£15.1bUK£5.4bUK£302.0m44.8x50.1x2.8x
Wed, 22 Jan 2025UK£15.9bUK£5.4bUK£302.0m46.6x52.8x2.9x
Fri, 20 Dec 2024UK£16.7bUK£5.4bUK£302.0m48.8x55.2x3.1x
Sun, 17 Nov 2024UK£17.1bUK£5.3bUK£243.9m61.5x70.1x3.2x
Tue, 15 Oct 2024UK£16.2bUK£5.2bUK£257.6m54.8x62.9x3.1x
Thu, 12 Sep 2024UK£17.1bUK£5.2bUK£257.6m57.3x66.2x3.3x
Sat, 10 Aug 2024UK£16.0bUK£5.2bUK£257.6m53.7x62.3x3.1x
Mon, 08 Jul 2024UK£16.2bUK£5.2bUK£257.6m54.3x63x3.1x
Wed, 05 Jun 2024UK£16.0bUK£5.1bUK£99.4m51.5x160.5x3.1x
Fri, 03 May 2024UK£16.5bUK£5.0bUK£56.9m70.6x290.5x3.3x
Sun, 31 Mar 2024UK£16.3bUK£5.0bUK£56.9m70.4x285.7x3.3x
Tue, 27 Feb 2024UK£16.3bUK£5.0bUK£56.9m70.6x286x3.3x
Thu, 25 Jan 2024UK£16.6bUK£5.0bUK£56.9m71.6x291.4x3.3x
Sat, 23 Dec 2023UK£17.1bUK£5.0bUK£56.9m74.6x300.3x3.4x
Mon, 20 Nov 2023UK£17.4bUK£4.8bUK£101.0m9785.4x172.4x3.6x
Wed, 18 Oct 2023UK£16.2bUK£4.8bUK£337.2m56.9x48.1x3.4x
Fri, 15 Sep 2023UK£14.7bUK£4.8bUK£337.2m47.7x43.5x3.1x
Sun, 13 Aug 2023UK£14.3bUK£4.8bUK£337.2m45.9x42.4x3x
Tue, 11 Jul 2023UK£14.4bUK£4.8bUK£337.2m46.4x42.6x3x
Thu, 08 Jun 2023UK£16.3bUK£4.8bUK£337.2m53x48.3x3.4x
Sat, 06 May 2023UK£17.2bUK£4.7bUK£740.0m40.7x23.3x3.6x
Price to Earnings Ratio

23.3x


Total Market Cap: UK£17.2bTotal 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 89.6x202420252026
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-2.59%
Utilities1.45%
Water Utilities-1.58%
Water-1.58%
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
UU. United Utilities GroupUK£13.411.4%
+UK£129.6m		20.2%PE22.8x
SVT Severn TrentUK£31.291.1%
+UK£102.4m		13.5%PE29.9x

Latest News

PNN
UK£5.29
Pennon Group
7D
-0.3%
1Y
7.2%

PNN: Higher £6 Range Outlook Will Reflect Reassessed Cash Flow Visibility

Analysts have nudged their price targets on Pennon Group higher, with moves such as £6.00 to £6.50 and £6.28 to £6.36. These changes underpin a modest uplift in the central valuation, supported by updated assumptions on fair value, revenue growth, profit margins and future P/E.
SVT
UK£31.29
Severn Trent
7D
1.1%
1Y
13.5%

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£13.41
United Utilities Group
7D
1.4%
1Y
20.2%

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.