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U.K. (FTSE) Food Industry Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies18
  • 7D2.1%
  • 3M0.6%
  • 1Y-5.7%
  • YTD-3.7%

The Food industry is up 2.1% in the last week, with Associated British Foods up 1.4%. However, the industry is down 5.7% over the past year. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Apr 2026UK£25.6bUK£36.8bUK£1.7b13.7x14.8x0.7x
Sat, 21 Mar 2026UK£24.2bUK£36.8bUK£1.8b12.2x13.4x0.7x
Mon, 16 Feb 2026UK£26.6bUK£36.7bUK£1.8b13.5x14.8x0.7x
Wed, 14 Jan 2026UK£25.3bUK£39.1bUK£1.8b15.2x13.7x0.6x
Fri, 12 Dec 2025UK£26.9bUK£38.8bUK£1.8b16.2x15x0.7x
Sun, 09 Nov 2025UK£28.1bUK£38.6bUK£1.8b15.7x15.9x0.7x
Tue, 07 Oct 2025UK£25.9bUK£38.8bUK£2.1b15.2x12.5x0.7x
Thu, 04 Sep 2025UK£27.4bUK£38.6bUK£2.0b15.7x13.4x0.7x
Sat, 02 Aug 2025UK£27.7bUK£38.5bUK£2.0b19x13.9x0.7x
Mon, 30 Jun 2025UK£27.0bUK£38.5bUK£2.0b18.7x13.6x0.7x
Wed, 28 May 2025UK£27.3bUK£38.8bUK£2.1b15.8x12.8x0.7x
Fri, 25 Apr 2025UK£27.3bUK£38.4bUK£2.2b15.6x12.6x0.7x
Sun, 23 Mar 2025UK£25.1bUK£38.2bUK£2.1b15.1x11.7x0.7x
Tue, 18 Feb 2025UK£25.6bUK£38.2bUK£2.2b14.8x11.9x0.7x
Thu, 16 Jan 2025UK£25.7bUK£38.2bUK£2.2b12.9x11.9x0.7x
Sat, 14 Dec 2024UK£27.7bUK£38.2bUK£2.2b12.8x12.8x0.7x
Mon, 11 Nov 2024UK£28.3bUK£38.2bUK£2.1b12.5x13.2x0.7x
Wed, 09 Oct 2024UK£28.3bUK£38.2bUK£1.9b13.8x15x0.7x
Fri, 06 Sep 2024UK£28.0bUK£38.3bUK£1.9b14.3x15x0.7x
Sun, 04 Aug 2024UK£30.9bUK£41.8bUK£2.4b14x13.1x0.7x
Tue, 02 Jul 2024UK£30.7bUK£41.8bUK£2.4b13.8x13x0.7x
Thu, 30 May 2024UK£30.8bUK£41.9bUK£2.4b14.8x13x0.7x
Sat, 27 Apr 2024UK£31.5bUK£41.5bUK£2.4b14.6x13x0.8x
Mon, 25 Mar 2024UK£27.8bUK£38.3bUK£1.8b14.6x15.8x0.7x
Wed, 21 Feb 2024UK£26.7bUK£38.3bUK£1.7b16.6x15.6x0.7x
Fri, 19 Jan 2024UK£28.4bUK£41.9bUK£2.2b15.3x12.8x0.7x
Sun, 17 Dec 2023UK£29.1bUK£41.9bUK£2.2b15.5x13.1x0.7x
Tue, 14 Nov 2023UK£28.2bUK£41.3bUK£1.7b17.1x16.6x0.7x
Thu, 12 Oct 2023UK£25.4bUK£40.1bUK£1.3b19.4x18.9x0.6x
Sat, 09 Sep 2023UK£25.7bUK£40.0bUK£1.4b14.3x18.4x0.6x
Mon, 07 Aug 2023UK£26.2bUK£40.0bUK£1.3b14.2x20.1x0.7x
Wed, 05 Jul 2023UK£25.8bUK£40.6bUK£1.3b13.3x20.1x0.6x
Fri, 02 Jun 2023UK£25.0bUK£40.6bUK£1.3b14.5x19.4x0.6x
Sun, 30 Apr 2023UK£26.1bUK£39.7bUK£1.1b14.9x24.1x0.7x
Price to Earnings Ratio

24.1x


Total Market Cap: UK£26.1bTotal Earnings: UK£1.1bTotal Revenue: UK£39.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Food Industry Price to Earnings3Y Average 14.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the British Food 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 14.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 17% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.5% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

GB Market-0.41%
Consumer Staples-0.79%
Food2.15%
Agricultural Products5.15%
Packaged Foods and Meats1.90%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 16.0x.
    • Analysts are expecting annual earnings growth of 11.3%, which is lower than the prior year's growth of 24.9% per year.
  • Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.8x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 11% over the next 5 years.
  • However this is lower than its past earnings growth rate of 25% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings decline by 4.4% 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
TATE Tate & LyleUK£3.552.7%
+UK£42.0m		-35.6%PE46.1x
MPE M.P. Evans GroupUK£17.004.3%
+UK£36.4m		81.2%PE10.7x
CWK CranswickUK£53.500.8%
+UK£21.4m		4.3%PE19.3x
CAM CamelliaUK£59.7516.0%
+UK£20.9m		46.1%PS0.6x
GNC Greencore GroupUK£2.541.0%
+UK£20.6m		37.9%PE34.9x

Latest News

ABF
UK£18.39
Associated British Foods
7D
-0.4%
1Y
-16.6%
RE.
UK£1.11
R.E.A. Holdings
7D
-5.1%
1Y
64.4%
DISH
UK£0.00085
Amala Foods
7D
-19.0%
1Y
n/a
HFG
UK£5.38
Hilton Food Group
7D
1.8%
1Y
-39.6%
MPE
UK£17.00
M.P. Evans Group
7D
4.3%
1Y
81.2%
TATE
UK£3.55
Tate & Lyle
7D
2.7%
1Y
-35.6%

TATE: Reset Price Expectations Will Support Future Upside If Margins Hold

The analyst price target for Tate & Lyle has been reduced by approximately £0.17 per share, as analysts incorporate slightly lower fair value estimates, a modestly higher discount rate, and more conservative assumptions for revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street research shows a series of reductions to Tate & Lyle price targets in £0.15 to £0.24 per share increments, with at least one target now set at £5.00 from £5.40.
GNC
UK£2.54
Greencore Group
7D
1.0%
1Y
37.9%

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.
FVA
UK£1.30
Fevara
7D
-4.8%
1Y
2.4%
ANP
UK£4.95
Anpario
7D
-2.0%
1Y
28.6%
AEP
UK£18.50
AEP Plantations
7D
0%
1Y
150.0%
PACS
UK£0.003
PACSCo
7D
-14.3%
1Y
-47.8%
CAM
UK£59.75
Camellia
7D
16.0%
1Y
46.1%
CWK
UK£53.50
Cranswick
7D
0.8%
1Y
4.3%
PRN
UK£3.75
Princes Group
7D
-0.2%
1Y
n/a
PFD
UK£1.95
Premier Foods
7D
0.6%
1Y
-1.3%
MHPC
US$8.84
MHP
7D
2.3%
1Y
64.3%

MHP SE's (LON:MHPC) Share Price Boosted 26% But Its Business Prospects Need A Lift Too

Jan 29
MHP SE's (LON:MHPC) Share Price Boosted 26% But Its Business Prospects Need A Lift Too