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U.K. (FTSE) Utilities Sector Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies11
  • 7D4.2%
  • 3M11.5%
  • 1Y29.5%
  • YTD2.6%

Over the last 7 days, the Utilities industry has risen 2.5%, driven by gains from National Grid of 3.8%. This takes the industry's 12 month performance to a gain of 26%. Earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jan 2026UK£118.8bUK£61.8bUK£4.8b20.5x24.5x1.9x
Sat, 06 Dec 2025UK£113.4bUK£62.0bUK£4.8b18.2x23.4x1.8x
Mon, 03 Nov 2025UK£109.3bUK£62.1bUK£4.7b17.7x23.1x1.8x
Wed, 01 Oct 2025UK£102.0bUK£62.1bUK£4.7b16.6x21.5x1.6x
Fri, 29 Aug 2025UK£101.2bUK£62.1bUK£4.7b16.2x21.4x1.6x
Sun, 27 Jul 2025UK£103.2bUK£62.6bUK£4.9b17.1x21.2x1.6x
Tue, 24 Jun 2025UK£103.8bUK£63.0bUK£6.4b14.5x16.1x1.6x
Thu, 22 May 2025UK£103.6bUK£62.9bUK£7.2b11.1x14.5x1.6x
Sat, 19 Apr 2025UK£100.3bUK£63.8bUK£5.9b10.4x17x1.6x
Mon, 17 Mar 2025UK£90.5bUK£63.9bUK£5.9b10.1x15.3x1.4x
Wed, 12 Feb 2025UK£90.9bUK£65.7bUK£5.8b10.1x15.7x1.4x
Fri, 10 Jan 2025UK£89.1bUK£65.7bUK£5.8b10.3x15.4x1.4x
Sun, 08 Dec 2024UK£93.6bUK£65.7bUK£5.8b10.9x16.1x1.4x
Tue, 05 Nov 2024UK£93.8bUK£66.5bUK£6.1b11.7x15.5x1.4x
Thu, 03 Oct 2024UK£99.6bUK£66.5bUK£6.1b12x16.4x1.5x
Sat, 31 Aug 2024UK£96.7bUK£66.4bUK£6.1b12.1x16x1.5x
Mon, 29 Jul 2024UK£94.9bUK£66.4bUK£6.1b12.3x15.7x1.4x
Wed, 26 Jun 2024UK£89.8bUK£73.1bUK£8.8b13.1x10.2x1.2x
Fri, 24 May 2024UK£84.4bUK£74.6bUK£9.0b11.9x9.4x1.1x
Sun, 21 Apr 2024UK£83.7bUK£75.7bUK£7.8b13.6x10.7x1.1x
Tue, 19 Mar 2024UK£83.1bUK£75.6bUK£7.8b13.5x10.7x1.1x
Thu, 15 Feb 2024UK£81.0bUK£79.2bUK£7.7b13.4x10.5x1x
Sat, 13 Jan 2024UK£89.6bUK£81.4bUK£7.8b11.8x11.5x1.1x
Mon, 11 Dec 2023UK£90.5bUK£81.4bUK£7.8b11.8x11.6x1.1x
Wed, 08 Nov 2023UK£85.1bUK£82.7bUK£7.5b12.6x11.3x1x
Fri, 06 Oct 2023UK£78.5bUK£82.7bUK£7.5b12.8x10.4x0.9x
Sun, 03 Sep 2023UK£81.8bUK£82.5bUK£7.5b13x10.9x1x
Tue, 01 Aug 2023UK£84.7bUK£82.5bUK£7.5b13.4x11.3x1x
Thu, 29 Jun 2023UK£86.1bUK£75.8bUK£2.4b19.3x36.6x1.1x
Sat, 27 May 2023UK£87.9bUK£74.5bUK£2.4b17.5x36.9x1.2x
Mon, 24 Apr 2023UK£91.6bUK£71.9bUK£4.1b18.5x22.2x1.3x
Wed, 22 Mar 2023UK£85.1bUK£71.9bUK£4.1b18.1x20.7x1.2x
Fri, 17 Feb 2023UK£85.8bUK£64.9bUK£4.0b13.8x21.4x1.3x
Sun, 15 Jan 2023UK£84.5bUK£64.9bUK£4.0b13.8x21.1x1.3x
Price to Earnings Ratio

21.1x


Total Market Cap: UK£84.5bTotal Earnings: UK£4.0bTotal Revenue: UK£64.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Utilities Sector Price to Earnings3Y Average 17.1x202420252026
Current Industry PE
  • Investors are optimistic on the British Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.3x which is higher than its 3-year average PE of 17.1x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 6.5% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

GB Market1.39%
Utilities4.21%
Electric Utilities5.80%
Renewable Energy5.35%
Other Utilities3.74%
Water Utilities3.45%
Gas Utilities0%0
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 19.2%, which is higher than its past year's earnings decline of 26.4% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 9.0x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 26% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 26% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NG. National GridUK£11.853.8%
+UK£2.1b		27.1%PE20.5x
SSE SSEUK£23.065.8%
+UK£1.5b		46.7%PE29x
CNA CentricaUK£1.763.9%
+UK£296.6m		29.2%PS0.4x
SVT Severn TrentUK£28.853.4%
+UK£289.0m		21.1%PE27.5x
UU. United Utilities GroupUK£12.323.2%
+UK£259.1m		26.5%PE20.9x

Latest News

PNN
UK£5.51
Pennon Group
7D
4.4%
1Y
2.4%
SVT
UK£28.85
Severn Trent
7D
3.4%
1Y
21.1%

Returns At Severn Trent (LON:SVT) Appear To Be Weighed Down

Jan 07
Returns At Severn Trent (LON:SVT) Appear To Be Weighed Down
SSE
UK£23.06
SSE
7D
5.8%
1Y
46.7%
DRX
UK£8.81
Drax Group
7D
5.2%
1Y
37.6%

DRX: Future Returns Will Rely On Lower-Priced Low Carbon Contract

Analysts have trimmed their price target on Drax Group slightly to reflect revised assumptions, including a fair value adjustment to £6.80, updated revenue and profit margin expectations, and a lower future P/E estimate. What's in the News Drax has signed a low carbon dispatchable Contract for Difference with the Low Carbon Contracts Company covering all four biomass units at Drax Power Station from April 2027 to March 2031, with a strike price of £109.90/MWh based on 2012 real prices (Key Developments).
NG.
UK£11.85
National Grid
7D
3.8%
1Y
27.1%

Investors Appear Satisfied With National Grid plc's (LON:NG.) Prospects

Jan 05
Investors Appear Satisfied With National Grid plc's (LON:NG.) Prospects
UU.
UK£12.32
United Utilities Group
7D
3.2%
1Y
26.5%

Here's Why United Utilities Group (LON:UU.) Has A Meaningful Debt Burden

Jan 01
Here's Why United Utilities Group (LON:UU.) Has A Meaningful Debt Burden
CNA
UK£1.76
Centrica
7D
3.9%
1Y
29.2%

CNA: Energy Transition Execution Will Drive Long Term Earnings Momentum

Analysts have nudged their fair value estimate for Centrica slightly higher to approximately £1.97 from about £1.96. They cite a broadly stable discount rate, marginally stronger revenue growth expectations and modestly higher sector upside that is partly tempered by a more balanced risk reward profile.
YU.
UK£16.20
Yü Group
7D
7.3%
1Y
-14.7%
MAST
UK£0.039
Quantum Data Energy
7D
-3.5%
1Y
-38.4%