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U.K. (FTSE) Consumer Staples Sector Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies50
  • 7D-0.7%
  • 3M-4.5%
  • 1Y-1.4%
  • YTD-4.5%

The Consumer Staples is pretty flat in the last 7 days, but Diageo has stood out, gaining 4.5%. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 6.6% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026UK£367.3bUK£292.8bUK£24.3b16.3x15.1x1.3x
Thu, 19 Mar 2026UK£381.4bUK£290.0bUK£24.1b17.5x15.9x1.3x
Sat, 14 Feb 2026UK£420.5bUK£298.8bUK£22.1b19.9x19x1.4x
Mon, 12 Jan 2026UK£379.8bUK£300.8bUK£17.4b17.9x21.8x1.3x
Wed, 10 Dec 2025UK£390.5bUK£301.2bUK£17.4b18.3x22.4x1.3x
Fri, 07 Nov 2025UK£400.1bUK£300.5bUK£18.0b18.6x22.3x1.3x
Sun, 05 Oct 2025UK£383.3bUK£298.2bUK£18.4b17.8x20.9x1.3x
Tue, 02 Sep 2025UK£404.7bUK£296.2bUK£18.4b19.1x22x1.4x
Thu, 31 Jul 2025UK£394.8bUK£297.2bUK£19.4b19.3x20.4x1.3x
Sat, 28 Jun 2025UK£370.2bUK£296.1bUK£19.4b19.4x19.1x1.3x
Mon, 26 May 2025UK£379.8bUK£295.5bUK£19.4b19.4x19.6x1.3x
Wed, 23 Apr 2025UK£377.1bUK£263.3bUK£19.4b16.4x19.4x1.4x
Fri, 21 Mar 2025UK£366.0bUK£294.5bUK£19.8b16.6x18.5x1.2x
Sun, 16 Feb 2025UK£367.3bUK£296.6bUK£20.1b16.9x18.3x1.2x
Tue, 14 Jan 2025UK£399.8bUK£310.5bUK£5.4b16.4x74x1.3x
Thu, 12 Dec 2024UK£412.6bUK£308.6bUK£5.1b18x80.2x1.3x
Sat, 09 Nov 2024UK£395.3bUK£308.0bUK£4.5b17.4x87x1.3x
Mon, 07 Oct 2024UK£408.2bUK£307.7bUK£4.1b17.5x100.1x1.3x
Wed, 04 Sep 2024UK£414.7bUK£307.4bUK£4.0b18.5x104.5x1.3x
Fri, 02 Aug 2024UK£402.3bUK£311.6bUK£4.6b17x88.2x1.3x
Sun, 30 Jun 2024UK£385.1bUK£355.8bUK£5.7b15.5x68.1x1.1x
Tue, 28 May 2024UK£393.2bUK£356.4bUK£5.7b17.2x69.4x1.1x
Thu, 25 Apr 2024UK£378.5bUK£350.6bUK£5.7b16.8x66.4x1.1x
Sat, 23 Mar 2024UK£367.6bUK£312.0bUK£4.0b16.8x91.8x1.2x
Mon, 19 Feb 2024UK£390.5bUK£344.2bUK£5.2b17.4x74.8x1.1x
Wed, 17 Jan 2024UK£382.6bUK£364.0bUK£31.1b16.4x12.3x1.1x
Fri, 15 Dec 2023UK£380.3bUK£363.4bUK£31.1b16.5x12.2x1x
Sun, 12 Nov 2023UK£385.4bUK£362.1bUK£30.0b16.6x12.8x1.1x
Tue, 10 Oct 2023UK£390.2bUK£355.0bUK£29.5b15.7x13.2x1.1x
Thu, 07 Sep 2023UK£396.7bUK£353.3bUK£28.7b16.1x13.8x1.1x
Sat, 05 Aug 2023UK£401.1bUK£352.4bUK£28.5b16.3x14.1x1.1x
Mon, 03 Jul 2023UK£403.9bUK£352.5bUK£25.7b15.7x15.7x1.1x
Wed, 31 May 2023UK£411.1bUK£356.3bUK£25.8b16.1x15.9x1.2x
Fri, 28 Apr 2023UK£436.2bUK£352.8bUK£25.8b16.6x16.9x1.2x
Price to Earnings Ratio

16.9x


Total Market Cap: UK£436.2bTotal Earnings: UK£25.8bTotal Revenue: UK£352.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Consumer Staples Sector Price to Earnings3Y Average 40x202420252026
Current Industry PE
  • Investors are pessimistic on the British Consumer Staples industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 15.1x which is lower than its 3-year average PE of 40.0x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 6.0% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

GB Market0.61%
Consumer Staples-0.73%
Beverage2.82%
Food and Staples Retail2.00%
Food1.09%
Household Products0.27%
Personal Products-0.60%
Tobacco-4.14%
Industry PE
  • Investors are most optimistic about the Food and Staples Retail industry which is trading above its 3-year average PE ratio of 19.8x.
    • Analysts are expecting annual earnings growth of 13.0%, which is higher than its past year's earnings decline of 14.4% per year.
  • Investors are most pessimistic about the Household Products industry, which is trading below its 3-year average of 22.0x.
Forecasted Growth
  • Analysts are most optimistic on the Food and Staples Retail industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Household Products industry is expected to see its earnings decline by 5.6% 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
DGE DiageoUK£15.204.5%
+UK£1.4b		-26.6%PE18.9x
TSCO TescoUK£4.942.0%
+UK£577.0m		39.3%PE17.6x
OCDO Ocado GroupUK£2.0815.7%
+UK£235.3m		-30.1%PS1.3x
GNC Greencore GroupUK£2.553.6%
+UK£69.8m		43.8%PE35x
MKS Marks and Spencer GroupUK£3.610.9%
+UK£67.8m		-12.3%PE368.9x

Latest News

RKT
UK£50.94
Reckitt Benckiser Group
7D
0.3%
1Y
-0.4%

RKT: Future Returns Will Hinge On Dividend And Capital Return Delivery

Analysts have trimmed the fair value estimate for Reckitt Benckiser Group from about £64.42 to £63.61, reflecting slightly softer revenue growth and profit margin assumptions, even as recent research includes both price target cuts and an upgrade on the shares. Analyst Commentary Recent Street research on Reckitt Benckiser Group has mixed signals, with some analysts trimming price targets while another has upgraded the shares, reflecting a balance of confidence in the franchise and caution around execution and earnings quality.
TSCO
UK£4.94
Tesco
7D
2.0%
1Y
39.3%

The Tesco PLC (LON:TSCO) Full-Year Results Are Out And Analysts Have Published New Forecasts

Apr 19
The Tesco PLC (LON:TSCO) Full-Year Results Are Out And Analysts Have Published New Forecasts
BATS
UK£42.24
British American Tobacco
7D
-2.9%
1Y
33.5%

BATS: Future Returns Will Reflect Dividend Dependability And Strengthened Leadership Outlook

Analysts have nudged their price target for British American Tobacco up slightly to £46.21 from £45.85, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News British American Tobacco appointed Dragos Constantinescu as Chief Financial Officer, effective 1 September 2026, with Javed Iqbal to continue as Interim CFO until then and thereafter remain Director, Digital & Information (company announcement).
OCDO
UK£2.08
Ocado Group
7D
15.7%
1Y
-30.1%

OCDO: Lower Discount Rate Will Support Renewed Upside Potential

Analysts have made a small upward revision to their Ocado Group fair value estimate to £2.68, citing slightly adjusted assumptions on discount rate, revenue growth, profit margins and future P/E expectations. Valuation Changes Fair Value: Revised slightly higher at £2.68 per share, reflecting a marginal adjustment of around 0.2%.
ULVR
UK£42.69
Unilever
7D
-0.6%
1Y
-21.0%

ULVR: Planned Foods Separation With Margin Discipline Is Expected To Unlock Upside

Unilever's updated analyst fair value has shifted slightly lower to about £52.14 per share, as analysts factor in a higher discount rate and slightly more cautious revenue growth assumptions, while still recognizing stable profit margins and a broadly unchanged view of its future P/E ratio. Analyst Commentary Recent Street research on Unilever points to a mixed but engaged view, with analysts revisiting both ratings and price targets in light of the latest results and valuation reset.
MPE
UK£16.80
M.P. Evans Group
7D
5.9%
1Y
69.7%
DGE
UK£15.20
Diageo
7D
4.5%
1Y
-26.6%

DGE: Tighter Execution Risks And Cautious Sector Tone Will Restrain Future Multiple

Narrative Update on Diageo The analyst price target for Diageo has been reduced by about £0.20. Analysts have attributed this change to slightly lower revenue assumptions, along with a small improvement in margin and future P/E expectations that together support the revised valuation.
APN
UK£2.18
Applied Nutrition
7D
-4.4%
1Y
98.2%
NICL
UK£9.28
Nichols
7D
-1.3%
1Y
-23.0%
GNC
UK£2.55
Greencore Group
7D
3.6%
1Y
43.8%

GNC: Execution Progress And New Partnerships Are Expected To Unlock Future Upside

Analysts have lifted their price target for Greencore Group to £2.93, citing supportive Street research that presents a constructive view on the shares and underpins this updated narrative. Analyst Commentary Bullish Takeaways Bullish analysts view the refreshed price target of £2.93 as consistent with a more constructive stance on execution, arguing that current valuation reflects a measured outlook on the business rather than aggressive expectations.
CCH
UK£43.85
Coca-Cola HBC
7D
-0.7%
1Y
16.4%

CCH: Future Governance Changes Will Support Confidence In Execution

Analysts have slightly reduced the Coca-Cola HBC fair value estimate, with the implied price target easing by about £0.14. This reflects updated P/E assumptions along with modest adjustments to expectations for revenue growth and profit margins following mixed recent research updates.
FEVR
UK£8.60
Fevertree Drinks
7D
6.3%
1Y
9.0%

FEVR: Higher Fair Value Will Reflect Revised Profitability And P/E Assumptions

Fevertree Drinks' analyst fair value estimate has edged up from £13.28 to £13.61, as analysts factor in revised expectations for revenue growth, profit margins and a lower future P/E multiple following recent price target increases and rating changes across the Street. Analyst Commentary Recent Street research around Fevertree Drinks has featured a mix of upgrades and downgrades, but the fair value uplift to £13.61 reflects that bullish analysts remain active on the name.
IMB
UK£27.98
Imperial Brands
7D
-9.2%
1Y
-5.8%

IMB: Stronger Margins And Higher Future P E Multiple Will Support Upside

Analysts have adjusted their price target on Imperial Brands to £41.80, reflecting updated views on a higher discount rate, a slightly softer revenue growth outlook, a modestly stronger profit margin, and a marginally higher future P/E assumption. What's in the News Reports indicate that progress on a U.S. fast track scheme for nicotine pouches has slowed, affecting the timing of regulatory review for products in this category (Reuters).
AEP
UK£18.10
AEP Plantations
7D
-4.1%
1Y
141.3%
MKS
UK£3.61
Marks and Spencer Group
7D
0.9%
1Y
-12.3%

MKS: Refined Cash Flow Assumptions Will Support Future Upside From Tight Range

Analysts have nudged their fair value assumptions only slightly while trimming the average price target on Marks and Spencer Group to around £4.35 to £4.15, reflecting small tweaks to discount rate, revenue growth and profit margin assumptions in recent Citi and Berenberg research. Analyst Commentary Bullish Takeaways Bullish analysts highlight that recent price targets in the £4.15 to £4.35 range still sit meaningfully above current fair value assumptions, which they see as compatible with an appealing risk reward profile.
WINE
UK£0.71
Naked Wines
7D
-4.1%
1Y
-10.2%