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U.K. (FTSE) Food Industry Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies18
  • 7D3.6%
  • 3M4.6%
  • 1Y-1.0%
  • YTD-0.5%

The Food industry is up 3.6% in the last week, with Associated British Foods up 4.4%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Jun 2026UK£26.4bUK£39.6bUK£1.8b15.7x15.1x0.7x
Mon, 11 May 2026UK£25.4bUK£39.0bUK£1.7b16.9x14.7x0.7x
Wed, 08 Apr 2026UK£25.1bUK£36.8bUK£1.8b12.8x13.8x0.7x
Fri, 06 Mar 2026UK£25.5bUK£36.8bUK£1.8b13x14.2x0.7x
Sun, 01 Feb 2026UK£26.0bUK£36.7bUK£1.8b13.1x14.4x0.7x
Tue, 30 Dec 2025UK£27.3bUK£39.1bUK£1.8b16.4x14.8x0.7x
Thu, 27 Nov 2025UK£27.2bUK£38.8bUK£1.8b14.7x15.1x0.7x
Sat, 25 Oct 2025UK£27.6bUK£38.8bUK£2.1b15.7x13.3x0.7x
Mon, 22 Sep 2025UK£25.8bUK£38.7bUK£2.1b15.1x12.4x0.7x
Wed, 20 Aug 2025UK£28.6bUK£38.5bUK£2.1b19.2x13.9x0.7x
Fri, 18 Jul 2025UK£27.3bUK£38.5bUK£2.0b18.6x13.7x0.7x
Sun, 15 Jun 2025UK£26.7bUK£38.8bUK£2.1b18.1x12.5x0.7x
Tue, 13 May 2025UK£26.6bUK£38.4bUK£2.2b16x12.1x0.7x
Thu, 10 Apr 2025UK£24.5bUK£38.4bUK£2.2b14.3x11.4x0.6x
Sat, 08 Mar 2025UK£25.1bUK£38.2bUK£2.1b15x11.7x0.7x
Mon, 03 Feb 2025UK£25.5bUK£38.2bUK£2.2b12.1x11.8x0.7x
Wed, 01 Jan 2025UK£26.5bUK£38.2bUK£2.2b13.2x12.3x0.7x
Fri, 29 Nov 2024UK£28.2bUK£38.4bUK£2.2b12.6x12.9x0.7x
Sun, 27 Oct 2024UK£28.9bUK£38.2bUK£1.9b14.4x15.2x0.8x
Tue, 24 Sep 2024UK£27.5bUK£38.2bUK£1.9b14x14.5x0.7x
Thu, 22 Aug 2024UK£29.0bUK£38.3bUK£1.9b14.1x15.5x0.8x
Sat, 20 Jul 2024UK£31.2bUK£41.7bUK£2.3b13.7x13.3x0.7x
Mon, 17 Jun 2024UK£31.0bUK£41.8bUK£2.3b14.6x13.2x0.7x
Wed, 15 May 2024UK£32.5bUK£41.7bUK£2.3b15x13.9x0.8x
Fri, 12 Apr 2024UK£28.0bUK£41.3bUK£2.3b16x12.3x0.7x
Sun, 10 Mar 2024UK£26.4bUK£38.3bUK£1.7b13.6x15.1x0.7x
Tue, 06 Feb 2024UK£27.3bUK£40.9bUK£2.2b15.3x12.6x0.7x
Thu, 04 Jan 2024UK£29.3bUK£41.8bUK£2.2b15.8x13.3x0.7x
Sat, 02 Dec 2023UK£29.3bUK£41.8bUK£2.2b15.5x13.2x0.7x
Mon, 30 Oct 2023UK£24.8bUK£40.2bUK£1.4b19.2x18.2x0.6x
Wed, 27 Sep 2023UK£26.5bUK£40.2bUK£1.4b18.6x19.6x0.7x
Fri, 25 Aug 2023UK£25.2bUK£40.0bUK£1.4b13.5x17.9x0.6x
Sun, 23 Jul 2023UK£27.0bUK£40.1bUK£1.3b14.1x20.6x0.7x
Tue, 20 Jun 2023UK£25.6bUK£40.5bUK£1.3b14.7x19.9x0.6x
Price to Earnings Ratio

19.9x


Total Market Cap: UK£25.6bTotal Earnings: UK£1.3bTotal Revenue: UK£40.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Food Industry Price to Earnings3Y Average 14.4x202420252026
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 14.4x.
  • 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 11% 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. Consumer Staples industry?

GB Market-0.78%
Consumer Staples4.95%
Food3.58%
Packaged Foods and Meats3.79%
Agricultural Products0.67%
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 15.5x.
    • Analysts are expecting annual earnings growth of 11.9%, which is lower than the prior year's growth of 25.5% 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 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 26% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
ABF Associated British FoodsUK£19.464.4%
+UK£573.9m		-5.0%PE14.3x
TATE Tate & LyleUK£5.6515.0%
+UK£325.7m		4.5%PE25.8x
GNC Greencore GroupUK£2.056.8%
+UK£103.1m		-10.3%PE541.7x
CWK CranswickUK£56.402.7%
+UK£80.3m		8.0%PE19.1x
PRN Princes GroupUK£3.329.2%
+UK£68.5m		n/aPE22.7x

Latest News

GNC
UK£2.05
Greencore Group
7D
6.8%
1Y
-10.3%
TATE
UK£5.65
Tate & Lyle
7D
15.0%
1Y
4.5%
AEP
UK£16.44
AEP Plantations
7D
9.2%
1Y
99.0%
ABF
UK£19.46
Associated British Foods
7D
4.4%
1Y
-5.0%
Narrative Update • Jun 05

ABF: Softer Margin Assumptions And Cautious Stance Will Shape Future Share Performance

Narrative Update on Associated British Foods Associated British Foods' updated fair value estimate has edged down by a small amount, alongside a series of reduced analyst price targets, including cuts such as a move from £19.25 to £18.50. Analysts are factoring in slightly softer profit margin assumptions and only modest changes to revenue and future P/E expectations.
MPE
UK£15.66
M.P. Evans Group
7D
5.7%
1Y
43.7%
Narrative Update • Jun 01

MPE: Progressive Dividend Track Record Will Support Attractive Future Return Potential

Analysts have kept their fair value estimate for M.P. Evans Group broadly unchanged at about £16.66 per share, with a slightly higher discount rate and a similar future P/E assumption, supporting a steady price target view. What's in the News M.P. Evans Group has a recommended final dividend of £0.42 per share for the year ended 31 December 2025, compared with £0.375 per share for 2024.
PFD
UK£2.06
Premier Foods
7D
3.2%
1Y
3.0%
Narrative Update • Jun 01

PFD: Higher Price Outlook Will Rely On Future Acquisition Execution

Analysts have lifted their price target on Premier Foods to £2.30 from £2.10, citing refreshed assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that they state better reflect their current outlook on the stock. What's in the News Premier Foods declared an annual dividend of £0.0336 per share, with an ex-dividend date set for 25 June 2026, a record date of 26 June 2026, and payment scheduled for 24 July 2026.
CWK
UK£56.40
Cranswick
7D
2.7%
1Y
8.0%
PRN
UK£3.32
Princes Group
7D
9.2%
1Y
n/a
MHPC
US$8.80
MHP
7D
-3.3%
1Y
64.8%
FVA
UK£1.31
Fevara
7D
-3.5%
1Y
-11.5%
ANP
UK£5.20
Anpario
7D
-3.7%
1Y
26.8%