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U.K. (FTSE) Energy Sector Analysis

UpdatedAug 29, 2025
DataAggregated Company Financials
Companies73
  • 7D4.9%
  • 3M17.0%
  • 1Y19.5%
  • YTD19.9%

The Energy industry is up 4.9% in the last week, with Shell up 1.4%. This means that the industry has gained 19% over the past year. Earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

Has the U.K. Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 29 Aug 2025UK£241.6bUK£358.3bUK£11.1b11.1x21.7x0.7x
Sun, 27 Jul 2025UK£233.3bUK£365.1bUK£8.3b10.2x28.2x0.6x
Tue, 24 Jun 2025UK£235.4bUK£362.9bUK£8.4b9.2x28.2x0.6x
Thu, 22 May 2025UK£218.2bUK£365.7bUK£8.6b9.3x25.4x0.6x
Sat, 19 Apr 2025UK£217.8bUK£372.6bUK£11.8b8.5x18.5x0.6x
Mon, 17 Mar 2025UK£243.9bUK£383.0bUK£12.2b8.5x19.9x0.6x
Wed, 12 Feb 2025UK£253.6bUK£401.6bUK£14.9b8.4x17x0.6x
Fri, 10 Jan 2025UK£243.8bUK£415.8bUK£14.7b8x16.6x0.6x
Sun, 08 Dec 2024UK£227.7bUK£402.0bUK£14.6b8.1x15.6x0.6x
Tue, 05 Nov 2024UK£236.7bUK£395.6bUK£14.3b7.9x16.5x0.6x
Thu, 03 Oct 2024UK£234.6bUK£394.2bUK£19.6b8.6x12x0.6x
Sat, 31 Aug 2024UK£251.7bUK£398.8bUK£19.7b11.5x12.8x0.6x
Mon, 29 Jul 2024UK£263.2bUK£407.8bUK£21.8b12.6x12.1x0.6x
Wed, 26 Jun 2024UK£269.6bUK£413.9bUK£22.1b9.5x12.2x0.7x
Fri, 24 May 2024UK£271.5bUK£413.9bUK£22.2b10.5x12.2x0.7x
Sun, 21 Apr 2024UK£280.3bUK£442.7bUK£28.9b7.3x9.7x0.6x
Tue, 19 Mar 2024UK£259.1bUK£431.1bUK£27.0b6.6x9.6x0.6x
Thu, 15 Feb 2024UK£253.8bUK£437.5bUK£26.4b6.6x9.6x0.6x
Sat, 13 Jan 2024UK£271.2bUK£619.0bUK£62.2b4.1x4.4x0.4x
Mon, 11 Dec 2023UK£277.3bUK£626.3bUK£62.9b4.7x4.4x0.4x
Wed, 08 Nov 2023UK£288.3bUK£636.0bUK£63.6b4.6x4.5x0.5x
Fri, 06 Oct 2023UK£286.9bUK£658.6bUK£58.1b5.2x4.9x0.4x
Sun, 03 Sep 2023UK£283.5bUK£641.6bUK£57.2b4.8x5x0.4x
Tue, 01 Aug 2023UK£287.5bUK£647.7bUK£63.0b4.7x4.6x0.4x
Thu, 29 Jun 2023UK£268.6bUK£676.3bUK£75.5b4.6x3.6x0.4x
Sat, 27 May 2023UK£275.8bUK£687.9bUK£77.3b4.6x3.6x0.4x
Mon, 24 Apr 2023UK£298.0bUK£676.2bUK£53.6b4.6x5.6x0.4x
Wed, 22 Mar 2023UK£285.3bUK£686.1bUK£55.7b4.1x5.1x0.4x
Fri, 17 Feb 2023UK£333.4bUK£690.0bUK£56.5b3.6x5.9x0.5x
Sun, 15 Jan 2023UK£314.5bUK£653.6bUK£50.2b4.6x6.3x0.5x
Tue, 13 Dec 2022UK£300.8bUK£653.7bUK£50.7b4.5x5.9x0.5x
Thu, 10 Nov 2022UK£305.1bUK£678.9bUK£51.2b4.4x6x0.4x
Sat, 08 Oct 2022UK£310.0bUK£651.8bUK£45.3b4.5x6.8x0.5x
Mon, 05 Sep 2022UK£309.6bUK£634.4bUK£44.1b6.2x7x0.5x
Price to Earnings Ratio

7x


Total Market Cap: UK£309.6bTotal Earnings: UK£44.1bTotal Revenue: UK£634.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Energy Sector Price to Earnings3Y Average 11x202320242025
Current Industry PE
  • Investors are optimistic on the British Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 21.7x which is higher than its 3-year average PE of 11.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.54x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 37% per year over the last three years,
  • Revenues have also declined 17% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.K. Energy sector?

GB Market2.82%
Energy4.89%
Oil and Gas4.89%
Energy Services1.41%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 10.5x.
    • Analysts are expecting annual earnings growth of 11.3%, which is higher than its past year's earnings decline of 17.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings decline of 8.1% per year.
  • In contrast, the Oil and Gas 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
SHEL ShellUK£27.161.4%
+UK£2.1b		0.2%PE15.8x
BP. BPUK£4.292.3%
+UK£1.5b		-1.3%PE159.6x
KAP National Atomic Company Kazatomprom JSCUS$44.655.1%
+US$557.6m		20.7%PE10.5x
ITH Ithaca EnergyUK£2.286.3%
+UK£222.4m		73.4%PS2x
SEPL Seplat EnergyUK£2.607.0%
+UK£102.0m		38.8%PE15.4x

Latest News

ITH
UK£2.28
Ithaca Energy
7D
6.3%
1Y
73.4%

Rosebank And Captain EOR Risks Will Undermine Oil Operations

Despite a sharp downgrade in revenue growth expectations, Ithaca Energy’s future P/E has dropped substantially, improving valuation and likely driving the consensus price target up from £1.54 to £1.61. What's in the News Upgraded FY2025 production guidance to 119–125 kboe/d from prior 109–119 kboe/d, reflecting strong core asset performance.
SEPL
UK£2.60
Seplat Energy
7D
7.0%
1Y
38.8%

We Think Seplat Energy (LON:SEPL) Can Stay On Top Of Its Debt

Aug 26
We Think Seplat Energy (LON:SEPL) Can Stay On Top Of Its Debt
KAP
US$44.65
National Atomic Company Kazatomprom JSC
7D
5.1%
1Y
20.7%

Results: National Atomic Company Kazatomprom JSC Beat Earnings Expectations And Analysts Now Have New Forecasts

Aug 26
Results: National Atomic Company Kazatomprom JSC Beat Earnings Expectations And Analysts Now Have New Forecasts
SQZ
UK£1.78
Serica Energy
7D
4.7%
1Y
35.3%
DEC
UK£11.96
Diversified Energy
7D
-2.2%
1Y
32.2%
PANR
UK£0.31
Pantheon Resources
7D
-1.9%
1Y
73.1%
HBR
UK£2.28
Harbour Energy
7D
-0.7%
1Y
-24.1%

Earnings Update: Harbour Energy plc (LON:HBR) Just Reported Its Half-Year Results And Analysts Are Updating Their Forecasts

Aug 12
Earnings Update: Harbour Energy plc (LON:HBR) Just Reported Its Half-Year Results And Analysts Are Updating Their Forecasts
TLW
UK£0.11
Tullow Oil
7D
-3.6%
1Y
-60.4%

Ghana Production License And Jubilee Wells Will Create Value

Tullow Oil’s price target was revised downward as its forward P/E multiple fell sharply, while revenue growth forecasts remained largely unchanged, resulting in a decrease in the consensus fair value from £0.256 to £0.249. What's in the News Merger talks between Tullow Oil and Meren Energy have collapsed, with negotiations, which progressed as recently as June 2025, being terminated for unclear reasons (Sky News, Key Developments).
SHEL
UK£27.16
Shell
7D
1.4%
1Y
0.2%

Shell's (LON:SHEL) Soft Earnings Don't Show The Whole Picture

Aug 07
Shell's (LON:SHEL) Soft Earnings Don't Show The Whole Picture
BP.
UK£4.29
BP
7D
2.3%
1Y
-1.3%

Upstream Breakthroughs And Cost Cuts Will Reshape Global Energy Markets

Buoyed by stronger-than-expected margins and improved outlook for core refining and integrated oil operations, analysts have raised BP’s consensus price target from £4.24 to £5.37. Analyst Commentary Bullish analysts are increasing earnings estimates for BP driven by stronger-than-expected margins, particularly in the most recent quarter.
HSP
UK£7.60
Hargreaves Services
7D
-1.0%
1Y
28.4%
User avatar

UK Infrastructure And Environmental Projects Will Unlock Lasting Value

Expansion into UK infrastructure and environmental services reduces business risk, supporting stable recurring earnings and stronger revenue growth.
YCA
UK£4.87
Yellow Cake
7D
4.6%
1Y
-7.3%
GKP
UK£1.91
Gulf Keystone Petroleum
7D
3.6%
1Y
51.3%
ENOG
UK£9.42
Energean
7D
-0.7%
1Y
-3.1%
SAVE
UK£0.07
Savannah Energy
7D
-2.8%
1Y
n/a
GMS
UK£0.19
Gulf Marine Services
7D
-1.1%
1Y
10.7%