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U.K. (FTSE) Beverage Industry Analysis

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies11
  • 7D1.3%
  • 3M9.0%
  • 1Y-10.2%
  • YTD2.2%

The Beverage industry is up 1.3% in the last week, with Diageo up 1.5%. In contrast, the industry has lost 10% in the last 12 months. 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
Fri, 19 Jun 2026UK£53.3bUK£27.6bUK£2.7b19.5x19.5x1.9x
Sun, 17 May 2026UK£51.5bUK£27.6bUK£2.7b18.5x18.8x1.9x
Tue, 14 Apr 2026UK£51.0bUK£27.4bUK£2.7b18.1x18.8x1.9x
Thu, 12 Mar 2026UK£52.3bUK£27.4bUK£2.7b20.2x19.2x1.9x
Sat, 07 Feb 2026UK£57.4bUK£27.2bUK£2.6b21.2x21.9x2.1x
Mon, 05 Jan 2026UK£52.1bUK£27.4bUK£2.6b19.5x19.7x1.9x
Wed, 03 Dec 2025UK£54.7bUK£27.9bUK£2.7b21.1x20.3x2x
Fri, 31 Oct 2025UK£53.9bUK£27.9bUK£2.7b21.5x20x1.9x
Sun, 28 Sep 2025UK£54.9bUK£27.5bUK£2.6b22.1x20.8x2x
Tue, 26 Aug 2025UK£64.3bUK£27.4bUK£2.6b25x24.5x2.4x
Thu, 24 Jul 2025UK£60.8bUK£26.9bUK£3.5b20.3x17.6x2.3x
Sat, 21 Jun 2025UK£59.1bUK£26.9bUK£3.5b20.1x17x2.2x
Mon, 19 May 2025UK£65.2bUK£26.9bUK£3.4b20.3x19.3x2.4x
Wed, 16 Apr 2025UK£61.4bUK£27.1bUK£3.4b18.9x18.1x2.3x
Fri, 14 Mar 2025UK£61.2bUK£27.2bUK£3.4b18x17.8x2.2x
Sun, 09 Feb 2025UK£63.2bUK£27.5bUK£3.4b20.1x18.6x2.3x
Tue, 07 Jan 2025UK£71.5bUK£29.3bUK£3.7b18.9x19.3x2.4x
Thu, 05 Dec 2024UK£68.4bUK£29.0bUK£3.7b19.7x18.7x2.4x
Sat, 02 Nov 2024UK£69.1bUK£28.8bUK£3.6b19.1x19.1x2.4x
Mon, 30 Sep 2024UK£74.8bUK£28.2bUK£3.5b20.2x21.3x2.7x
Wed, 28 Aug 2024UK£72.4bUK£28.4bUK£3.5b23.2x20.4x2.5x
Fri, 26 Jul 2024UK£72.7bUK£29.9bUK£3.9b22.3x18.4x2.4x
Sun, 23 Jun 2024UK£73.0bUK£30.2bUK£4.1b20.7x17.7x2.4x
Tue, 21 May 2024UK£78.2bUK£30.2bUK£4.1b20.3x19x2.6x
Thu, 18 Apr 2024UK£76.1bUK£30.5bUK£4.2b18.8x18.3x2.5x
Sat, 16 Mar 2024UK£79.1bUK£30.0bUK£4.1b21.3x19.3x2.6x
Mon, 12 Feb 2024UK£77.9bUK£30.0bUK£4.1b25x18.9x2.6x
Wed, 10 Jan 2024UK£75.6bUK£30.1bUK£4.5b25.6x16.9x2.5x
Fri, 08 Dec 2023UK£75.2bUK£30.1bUK£4.5b23x16.8x2.5x
Sun, 05 Nov 2023UK£84.5bUK£30.1bUK£4.5b23.7x18.8x2.8x
Tue, 03 Oct 2023UK£82.0bUK£30.1bUK£4.5b18.1x18.1x2.7x
Thu, 31 Aug 2023UK£88.7bUK£30.0bUK£4.5b17.6x19.5x3x
Sat, 29 Jul 2023UK£91.4bUK£29.1bUK£4.2b21.5x21.9x3.1x
Mon, 26 Jun 2023UK£88.3bUK£29.0bUK£4.2b20.7x21.1x3x
Price to Earnings Ratio

21.1x


Total Market Cap: UK£88.3bTotal Earnings: UK£4.2bTotal Revenue: UK£29.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Beverage Industry Price to Earnings3Y Average 19.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the British Beverage industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 19.2x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Beverage industry have declined 13% 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 Market0.86%
Consumer Staples-0.98%
Beverage1.33%
Distillers and Wine Makers1.49%
Soft Drinks1.02%
Brewers-0.39%
Industry PE
  • Investors are most optimistic about the Brewers industry even though it's trading below its 3-year average PE ratio of 34.1x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Distillers and Wine Makers industry, which is trading close to its 3-year average of 19.3x.
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 54% per year.
  • In contrast, the Soft Drinks industry is expected to see its earnings grow by 11% 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£15.291.5%
+UK£500.3m		-19.3%PE18.6x
CCH Coca-Cola HBCUK£45.861.3%
+UK£211.4m		18.9%PE20.5x
CCR C&C GroupUK£0.972.8%
+UK£10.0m		-42.2%PE118.4x
SHEP Shepherd NeameUK£5.051.6%
+UK£1.2m		1.0%PE16.5x

Latest News

DGE
UK£15.29
Diageo
7D
1.5%
1Y
-19.3%
Narrative Update • Jun 17

DGE: Affordability Pivot And World Cup Exposure Will Support Future Cash Generation

Diageo's analyst price target has been nudged lower to £19.55 from £19.81 as analysts factor in a slightly higher discount rate and modestly lower profit margin assumptions, even as revenue growth expectations and future P/E inputs are adjusted. Analyst Commentary Recent research around Diageo highlights a mixed backdrop, with the modest trimming of the price target reflecting a balance between constructive long term views on the business and more cautious assumptions on margins and discount rates.
FEVR
UK£8.29
Fevertree Drinks
7D
-0.2%
1Y
-9.5%
Narrative Update • Jun 15

FEVR: Higher Fair Value Will Reflect Reset P/E Expectations Over Time

Analysts have trimmed their price targets for Fevertree Drinks to around £7.80, down from about £9.20, as they factor in updated assumptions for revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent research suggests that while price targets have eased to around £7.80, some analysts still see room for upside if Fevertree executes well on its plans.
CCH
UK£45.86
Coca-Cola HBC
7D
1.3%
1Y
18.9%
Narrative Update • Jun 07

CCH: Dividend Policy And Earnings Assumptions Will Shape Balanced Return Outlook

Coca-Cola HBC's analyst price targets have moved slightly lower to around £46 from about £47, as analysts factor in updated assumptions on revenue growth, profit margins, discount rate and future P/E levels. Analyst Commentary Recent price target revisions around £46 suggest analysts are fine tuning their views on Coca-Cola HBC rather than making wholesale changes, with updated assumptions feeding through to how they value the stock.
CCR
UK£0.97
C&C Group
7D
2.8%
1Y
-42.2%
Narrative Update • Jun 04

CCR: Share Buybacks And Rising Payout Will Support Future Upside

Analysts have trimmed their price target on C&C Group from £1.67 to £1.58, pointing to updated views on discount rates, revenue trends, profit margins, and future P/E assumptions as key factors in the change. What's in the News C&C Group has updated its share buyback, repurchasing 7,783,689 shares between 1 March 2025 and 28 February 2026 for €15 million, representing 2.07% of its shares under the existing programme.
ADB
UK£16.00
Adnams
7D
-8.6%
1Y
28.0%
DIS
UK£0.00055
Distil
7D
-8.3%
1Y
-82.8%
SHEP
UK£5.05
Shepherd Neame
7D
1.6%
1Y
1.0%
CDGP
UK£0.45
Chapel Down Group
7D
-3.3%
1Y
11.3%
BAG
UK£6.37
A.G. BARR
7D
-2.5%
1Y
-6.6%
ART
UK£0.28
Artisanal Spirits
7D
-1.7%
1Y
-42.4%
NICL
UK£9.64
Nichols
7D
-0.6%
1Y
-30.9%