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U.K. (FTSE) Beverage Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies11
  • 7D3.0%
  • 3M12.3%
  • 1Y-3.1%
  • YTD18.7%

Over the last 7 days, the Beverage industry has risen 3.0%, driven by gains from Diageo of 3.1%. In the past year, the industry is down 3.1%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026UK£61.8bUK£27.8bUK£2.7b21.5x23.1x2.2x
Thu, 22 Jan 2026UK£54.0bUK£27.5bUK£2.7b21.2x20.4x2x
Sat, 20 Dec 2025UK£54.1bUK£27.6bUK£2.7b19.9x20.3x2x
Mon, 17 Nov 2025UK£55.8bUK£27.9bUK£2.7b21.3x20.7x2x
Wed, 15 Oct 2025UK£54.6bUK£27.6bUK£2.7b22.3x20.5x2x
Fri, 12 Sep 2025UK£58.9bUK£27.3bUK£2.6b23.3x22.5x2.2x
Sun, 10 Aug 2025UK£61.9bUK£27.4bUK£2.6b24.4x23.5x2.3x
Tue, 08 Jul 2025UK£60.0bUK£26.8bUK£3.4b20.6x17.4x2.2x
Thu, 05 Jun 2025UK£62.8bUK£26.6bUK£3.4b20.6x18.3x2.4x
Sat, 03 May 2025UK£64.1bUK£27.0bUK£3.4b19.7x19x2.4x
Mon, 31 Mar 2025UK£61.1bUK£27.2bUK£3.4b18.1x17.8x2.2x
Wed, 26 Feb 2025UK£63.3bUK£27.5bUK£3.5b18.7x18.1x2.3x
Fri, 24 Jan 2025UK£66.0bUK£27.8bUK£3.6b18.2x18.2x2.4x
Sun, 22 Dec 2024UK£71.4bUK£29.2bUK£3.7b18.7x19.3x2.4x
Tue, 19 Nov 2024UK£68.4bUK£29.2bUK£3.7b19x18.5x2.3x
Thu, 17 Oct 2024UK£73.4bUK£28.7bUK£3.6b19.3x20.3x2.6x
Sat, 14 Sep 2024UK£71.1bUK£28.6bUK£3.6b20.3x19.8x2.5x
Mon, 12 Aug 2024UK£69.8bUK£29.2bUK£3.7b22.4x19x2.4x
Wed, 10 Jul 2024UK£71.1bUK£30.0bUK£4.0b20.7x18x2.4x
Fri, 07 Jun 2024UK£75.8bUK£30.1bUK£4.1b19.4x18.6x2.5x
Sun, 05 May 2024UK£75.6bUK£30.4bUK£4.1b18.4x18.2x2.5x
Tue, 02 Apr 2024UK£79.6bUK£30.3bUK£4.1b19.3x19.3x2.6x
Thu, 29 Feb 2024UK£81.4bUK£30.2bUK£4.1b24.6x19.8x2.7x
Sat, 27 Jan 2024UK£77.5bUK£30.0bUK£4.5b25.4x17.3x2.6x
Mon, 25 Dec 2023UK£77.2bUK£30.2bUK£4.5b25x17.2x2.6x
Wed, 22 Nov 2023UK£75.8bUK£30.2bUK£4.5b22.4x16.8x2.5x
Fri, 20 Oct 2023UK£82.8bUK£30.2bUK£4.5b18.7x18.3x2.7x
Sun, 17 Sep 2023UK£85.0bUK£30.0bUK£4.5b19x18.8x2.8x
Tue, 15 Aug 2023UK£90.0bUK£30.0bUK£4.5b17.4x19.8x3x
Thu, 13 Jul 2023UK£88.7bUK£29.0bUK£4.2b20.8x21.2x3.1x
Sat, 10 Jun 2023UK£88.8bUK£29.0bUK£4.2b22.5x21.2x3.1x
Mon, 08 May 2023UK£97.9bUK£29.1bUK£4.2b24.3x23.3x3.4x
Wed, 05 Apr 2023UK£95.5bUK£29.2bUK£4.2b22.8x22.8x3.3x
Fri, 03 Mar 2023UK£94.1bUK£29.2bUK£4.2b22.1x22.3x3.2x
Price to Earnings Ratio

22.3x


Total Market Cap: UK£94.1bTotal Earnings: UK£4.2bTotal Revenue: UK£29.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Beverage Industry Price to Earnings3Y Average 19.6x202420252026
Current Industry PE
  • Investors are optimistic on the British Beverage industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.1x which is higher than its 3-year average PE of 19.6x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Beverage industry have declined 14% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

GB Market1.89%
Consumer Staples2.52%
Beverage2.96%
Distillers and Wine Makers3.02%
Soft Drinks2.87%
Brewers-2.44%
Industry PE
  • Investors are most optimistic about the Brewers industry, which is trading close to its 3-year average PE ratio of 33.6x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Soft Drinks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 19.6x.
Forecasted Growth
  • Analysts are most optimistic on the Distillers and Wine Makers industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings decline of 39% per year.
  • In contrast, the Soft Drinks industry is expected to see its earnings grow by 10% 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£18.583.1%
+UK£1.2b		-15.5%PE23.7x
CCH Coca-Cola HBCUK£48.503.1%
+UK£530.7m		45.4%PE21.5x
BAG A.G. BARRUK£7.085.0%
+UK£37.7m		12.9%PE16.1x
RHR Richmond Hill ResourcesUK£0.0273.8%
+UK£658.8k		272.4%PS728.1x

Latest News

CCR
UK£1.14
C&C Group
7D
-3.2%
1Y
-24.8%

CCR: Stable Margins And P/E Will Support Medium Term Upside Potential

Analysts have reduced their price targets on C&C Group by £0.25 to a range of £0.40 per share, citing more cautious revenue expectations alongside relatively stable profit margin and P/E assumptions. Analyst Commentary Recent research updates cluster around lower price targets for C&C Group, with cuts of £0.25 to £0.40 per share.
DGE
UK£18.58
Diageo
7D
3.1%
1Y
-15.5%

DGE: Higher Risk Perception Will Cap Multiple Despite Slightly Firmer Earnings Assumptions

Analysts have lifted their implied price target for Diageo by £0.34 per share, reflecting slightly higher fair value estimates, supported by marginally firmer revenue and profit margin assumptions, alongside a modestly higher future P/E multiple. Analyst Commentary While the latest fair value work on Diageo points to a slightly higher implied price target, bearish analysts in other consumer names are still flagging some caution that can inform how you think about risk here.
CCH
UK£48.50
Coca-Cola HBC
7D
3.1%
1Y
45.4%
FEVR
UK£9.48
Fevertree Drinks
7D
-1.1%
1Y
32.6%

FEVR: Cautious Stance Will Highlight Execution Risk At Current Share Price

Narrative Update Analysts have adjusted their fair value estimate for Fevertree Drinks to £5.90 from £5.70, reflecting updated assumptions on the discount rate, revenue growth, profit margins and future P/E after recent research that included target cuts to £8.50 and £8.25 and a more cautious stance on the shares. Analyst Commentary Recent Street research signals a more cautious mood around Fevertree Drinks, with bearish analysts focusing on valuation risk and the balance between growth ambitions and execution.
BAG
UK£7.08
A.G. BARR
7D
5.0%
1Y
12.9%
RHR
UK£0.027
Richmond Hill Resources
7D
3.8%
1Y
272.4%
CDGP
UK£0.35
Chapel Down Group
7D
-6.6%
1Y
4.4%

What You Can Learn From Chapel Down Group Plc's (LON:CDGP) P/S

Jan 14
What You Can Learn From Chapel Down Group Plc's (LON:CDGP) P/S
DIS
UK£0.0011
Distil
7D
-8.3%
1Y
34.1%
SHEP
UK£4.70
Shepherd Neame
7D
-3.1%
1Y
-15.7%
NICL
UK£9.94
Nichols
7D
-0.6%
1Y
-23.8%