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U.K. (FTSE) Food Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies18
  • 7D-2.4%
  • 3M6.3%
  • 1Y-2.3%
  • YTD-2.7%

Over the last 7 days, the Food industry has dropped 3.2%, driven by a pullback from Associated British Foods of 3.1%. Overall the industry is down 3.5% in 12 months. 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
Mon, 22 Jun 2026UK£25.8bUK£39.8bUK£1.6b16.6x15.8x0.6x
Wed, 20 May 2026UK£26.4bUK£39.1bUK£1.7b16.7x15.2x0.7x
Fri, 17 Apr 2026UK£25.3bUK£36.8bUK£1.8b12.7x14x0.7x
Sun, 15 Mar 2026UK£25.3bUK£36.8bUK£1.8b12.8x14x0.7x
Tue, 10 Feb 2026UK£26.3bUK£36.7bUK£1.8b13.2x14.6x0.7x
Thu, 08 Jan 2026UK£27.4bUK£39.1bUK£1.8b16.2x14.9x0.7x
Sat, 06 Dec 2025UK£27.3bUK£38.8bUK£1.8b14.7x15.2x0.7x
Mon, 03 Nov 2025UK£28.6bUK£38.8bUK£2.1b14.9x13.8x0.7x
Wed, 01 Oct 2025UK£26.1bUK£38.8bUK£2.1b15.4x12.6x0.7x
Fri, 29 Aug 2025UK£27.6bUK£38.5bUK£2.1b19x13.4x0.7x
Sun, 27 Jul 2025UK£28.3bUK£38.5bUK£2.0b19x14.2x0.7x
Tue, 24 Jun 2025UK£26.4bUK£38.5bUK£2.0b17.9x13.3x0.7x
Thu, 22 May 2025UK£27.8bUK£38.5bUK£2.2b15.8x12.5x0.7x
Sat, 19 Apr 2025UK£27.1bUK£38.4bUK£2.2b15.4x12.5x0.7x
Mon, 17 Mar 2025UK£24.7bUK£38.2bUK£2.1b14.9x11.5x0.6x
Wed, 12 Feb 2025UK£25.6bUK£38.2bUK£2.2b12.5x11.9x0.7x
Fri, 10 Jan 2025UK£25.6bUK£38.2bUK£2.2b12.1x11.8x0.7x
Sun, 08 Dec 2024UK£28.5bUK£38.3bUK£2.2b13.6x13.1x0.7x
Tue, 05 Nov 2024UK£28.6bUK£38.2bUK£1.9b14.3x15.1x0.7x
Thu, 03 Oct 2024UK£28.4bUK£38.2bUK£1.9b14x15x0.7x
Sat, 31 Aug 2024UK£29.6bUK£38.3bUK£1.9b14.5x15.8x0.8x
Mon, 29 Jul 2024UK£31.3bUK£41.8bUK£2.4b14.3x13.3x0.7x
Wed, 26 Jun 2024UK£31.0bUK£41.8bUK£2.4b14.1x13.2x0.7x
Fri, 24 May 2024UK£32.9bUK£41.8bUK£2.4b14.3x13.9x0.8x
Sun, 21 Apr 2024UK£29.9bUK£41.3bUK£2.3b14.7x13.1x0.7x
Tue, 19 Mar 2024UK£26.9bUK£38.3bUK£1.8b14.3x15.4x0.7x
Thu, 15 Feb 2024UK£27.3bUK£40.9bUK£2.2b15.2x12.6x0.7x
Sat, 13 Jan 2024UK£28.3bUK£41.9bUK£2.2b15.4x12.7x0.7x
Mon, 11 Dec 2023UK£29.6bUK£41.8bUK£2.2b15.8x13.4x0.7x
Wed, 08 Nov 2023UK£27.4bUK£40.2bUK£1.4b19.3x20.1x0.7x
Fri, 06 Oct 2023UK£25.3bUK£40.1bUK£1.3b19.4x18.8x0.6x
Sun, 03 Sep 2023UK£25.6bUK£39.8bUK£1.4b14.9x18.2x0.6x
Tue, 01 Aug 2023UK£26.5bUK£40.1bUK£1.3b14.3x20.2x0.7x
Thu, 29 Jun 2023UK£25.3bUK£40.5bUK£1.3b13.2x19.6x0.6x
Price to Earnings Ratio

19.6x


Total Market Cap: UK£25.3bTotal 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 8.3% 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-1.12%
Consumer Staples-2.30%
Food-2.38%
Packaged Foods and Meats-2.34%
Agricultural Products-2.86%
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 12.0%, which is lower than the prior year's growth of 13.7% 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 10.1x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 12% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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
FVA FevaraUK£1.363.4%
+UK£2.3m		-6.2%PE45.9x
MHPC MHPUS$8.820.2%
+US$2.1m		75.0%PE16.6x

Latest News

PFD
UK£1.98
Premier Foods
7D
-3.9%
1Y
-1.2%
MHPC
US$8.82
MHP
7D
0.2%
1Y
75.0%
HFG
UK£5.11
Hilton Food Group
7D
-3.9%
1Y
-39.5%
TATE
UK£5.54
Tate & Lyle
7D
-2.0%
1Y
4.4%
Narrative Update • Jun 17

TATE: Future Share Price Will Reflect Execution Risks Under Takeover Proposal

The analyst price target for Tate & Lyle has been revised to £5.47. This reflects updated views on softer revenue growth assumptions, a slightly higher profit margin outlook and recent changes in Street research ratings and targets.
GNC
UK£1.96
Greencore Group
7D
-4.6%
1Y
-12.9%
AEP
UK£15.38
AEP Plantations
7D
-8.3%
1Y
84.4%
ABF
UK£18.85
Associated British Foods
7D
-3.1%
1Y
-9.2%
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.
CWK
UK£54.20
Cranswick
7D
-3.9%
1Y
2.5%
PRN
UK£3.15
Princes Group
7D
-5.1%
1Y
n/a
FVA
UK£1.36
Fevara
7D
3.4%
1Y
-6.2%