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U.K. (FTSE) Water Utilities Industry Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies3
  • 7D2.3%
  • 3M11.0%
  • 1Y27.7%
  • 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 29%. 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
Sat, 11 Apr 2026UK£22.0bUK£6.2bUK£746.6m31.1x29.4x3.5x
Mon, 09 Mar 2026UK£21.1bUK£6.2bUK£746.6m29.8x28.3x3.4x
Wed, 04 Feb 2026UK£20.0bUK£6.2bUK£746.6m28.1x26.8x3.2x
Fri, 02 Jan 2026UK£19.0bUK£6.2bUK£746.6m26.6x25.5x3.1x
Sun, 30 Nov 2025UK£19.5bUK£6.2bUK£746.6m26.9x26.1x3.2x
Tue, 28 Oct 2025UK£19.3bUK£5.6bUK£436.2m34.2x44.2x3.4x
Thu, 25 Sep 2025UK£17.4bUK£5.6bUK£436.2m31.1x40x3.1x
Sat, 23 Aug 2025UK£18.2bUK£5.6bUK£436.2m32.2x41.8x3.2x
Mon, 21 Jul 2025UK£18.1bUK£5.6bUK£436.2m32x41.5x3.2x
Wed, 18 Jun 2025UK£18.2bUK£5.6bUK£436.2m32.5x41.8x3.2x
Fri, 16 May 2025UK£17.7bUK£5.5bUK£453.5m31.3x39x3.2x
Sun, 13 Apr 2025UK£17.2bUK£5.4bUK£302.0m49x57x3.2x
Tue, 11 Mar 2025UK£15.2bUK£5.4bUK£302.0m45.6x50.4x2.8x
Thu, 06 Feb 2025UK£15.6bUK£5.4bUK£302.0m46.8x51.6x2.9x
Sat, 04 Jan 2025UK£16.1bUK£5.4bUK£302.0m47.4x53.5x3x
Mon, 02 Dec 2024UK£17.5bUK£5.4bUK£302.0m51.3x57.8x3.2x
Wed, 30 Oct 2024UK£16.5bUK£5.2bUK£257.6m56x64.2x3.2x
Fri, 27 Sep 2024UK£16.8bUK£5.2bUK£257.6m56.4x65.1x3.2x
Sun, 25 Aug 2024UK£16.0bUK£5.2bUK£257.6m53.6x62.3x3.1x
Tue, 23 Jul 2024UK£16.4bUK£5.2bUK£257.6m54.2x63.5x3.1x
Thu, 20 Jun 2024UK£15.8bUK£5.2bUK£257.6m52.9x61.4x3x
Sat, 18 May 2024UK£17.5bUK£5.0bUK£56.9m75.3x308x3.5x
Mon, 15 Apr 2024UK£15.9bUK£5.0bUK£56.9m68.3x280x3.2x
Wed, 13 Mar 2024UK£16.7bUK£5.0bUK£56.9m72.7x293x3.4x
Fri, 09 Feb 2024UK£16.4bUK£5.0bUK£56.9m71.1x287.7x3.3x
Sun, 07 Jan 2024UK£16.9bUK£5.0bUK£56.9m73.3x296.2x3.4x
Tue, 05 Dec 2023UK£16.9bUK£5.0bUK£56.9m73.7x297.4x3.4x
Thu, 02 Nov 2023UK£17.1bUK£4.8bUK£337.2m61.1x50.7x3.6x
Sat, 30 Sep 2023UK£14.0bUK£4.8bUK£337.2m45.2x41.4x2.9x
Mon, 28 Aug 2023UK£13.9bUK£4.8bUK£337.2m45.3x41.2x2.9x
Wed, 26 Jul 2023UK£15.2bUK£4.8bUK£337.2m49x45x3.2x
Fri, 23 Jun 2023UK£15.5bUK£4.8bUK£337.2m51.3x46.1x3.2x
Sun, 21 May 2023UK£16.3bUK£4.7bUK£740.0m38.5x22.1x3.5x
Tue, 18 Apr 2023UK£16.9bUK£4.7bUK£740.0m39.9x22.9x3.6x
Price to Earnings Ratio

22.9x


Total Market Cap: UK£16.9bTotal 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		25.9%PE31.1x
UU. United Utilities GroupUK£13.942.2%
+UK£201.2m		30.6%PE23.7x
PNN Pennon GroupUK£5.682.4%
+UK£63.7m		24.1%PE90.6x

Latest News

SVT
UK£32.55
Severn Trent
7D
2.5%
1Y
25.9%

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.
UU.
UK£13.94
United Utilities Group
7D
2.2%
1Y
30.6%
PNN
UK£5.68
Pennon Group
7D
2.4%
1Y
24.1%

PNN: Higher £6.50 Fair Value Assumptions Will Support Bullish Re Rating

Analyst price targets for Pennon Group have moved higher, with several recent updates lifting fair value estimates toward around £6.50. This shift is supported by slightly adjusted assumptions on revenue growth, profit margins and future P/E multiples.