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U.K. (FTSE) Capital Markets Industry Analysis

UpdatedSep 13, 2026
DataAggregated Company Financials
Companies137
  • 7D-3.5%
  • 3M-1.4%
  • 1Y-2.3%
  • YTD-1.5%

Over the last 7 days, the Capital Markets industry has dropped 3.5%, driven by a pullback from London Stock Exchange Group of 6.7%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Sep 2026UK£143.7bUK£93.9bUK£13.7b11.6x10.5x1.5x
Tue, 11 Aug 2026UK£153.0bUK£94.3bUK£13.7b12.6x11.2x1.6x
Thu, 09 Jul 2026UK£152.3bUK£74.2bUK£13.0b12.2x11.7x2.1x
Sat, 06 Jun 2026UK£148.4bUK£73.9bUK£12.8b12.4x11.6x2x
Mon, 04 May 2026UK£150.5bUK£74.9bUK£13.9b12.9x10.9x2x
Wed, 01 Apr 2026UK£141.7bUK£75.0bUK£14.0b13.3x10.1x1.9x
Fri, 27 Feb 2026UK£152.9bUK£69.2bUK£12.9b13.8x11.9x2.2x
Sun, 25 Jan 2026UK£153.6bUK£55.3bUK£12.6b14.5x12.2x2.8x
Tue, 23 Dec 2025UK£150.9bUK£55.4bUK£12.6b12.9x12x2.7x
Thu, 20 Nov 2025UK£148.6bUK£56.1bUK£13.0b13x11.4x2.6x
Sat, 18 Oct 2025UK£161.5bUK£55.0bUK£11.6b13.9x13.9x2.9x
Mon, 15 Sep 2025UK£156.6bUK£54.8bUK£11.6b12.8x13.5x2.9x
Wed, 13 Aug 2025UK£164.2bUK£54.8bUK£11.6b13.6x14.2x3x
Fri, 11 Jul 2025UK£171.1bUK£63.7bUK£10.9b12.9x15.8x2.7x
Sun, 08 Jun 2025UK£171.7bUK£63.7bUK£10.9b12.6x15.8x2.7x
Tue, 06 May 2025UK£168.3bUK£62.9bUK£10.1b12.5x16.7x2.7x
Thu, 03 Apr 2025UK£164.0bUK£63.2bUK£10.2b11.6x16x2.6x
Sat, 01 Mar 2025UK£177.0bUK£64.4bUK£10.3b12x17.2x2.8x
Mon, 27 Jan 2025UK£174.5bUK£64.8bUK£9.8b11.6x17.8x2.7x
Wed, 25 Dec 2024UK£168.4bUK£64.8bUK£9.7b11.7x17.3x2.6x
Fri, 22 Nov 2024UK£165.6bUK£64.6bUK£9.6b12.1x17.2x2.6x
Sun, 20 Oct 2024UK£163.9bUK£64.1bUK£9.3b13.1x17.7x2.6x
Tue, 17 Sep 2024UK£158.2bUK£64.0bUK£9.0b13x17.7x2.5x
Thu, 15 Aug 2024UK£153.9bUK£64.1bUK£9.0b13.2x17.2x2.4x
Sat, 13 Jul 2024UK£151.8bUK£54.0bUK£8.5b15.6x17.9x2.8x
Mon, 10 Jun 2024UK£147.7bUK£54.0bUK£8.4b16.3x17.6x2.7x
Wed, 08 May 2024UK£143.4bUK£53.9bUK£8.8b16.3x16.3x2.7x
Fri, 05 Apr 2024UK£140.0bUK£53.8bUK£8.6b16.9x16.2x2.6x
Sun, 03 Mar 2024UK£132.2bUK£54.1bUK£8.5b15x15.5x2.4x
Tue, 30 Jan 2024UK£137.4bUK£48.6bUK£8.7b14.8x15.8x2.8x
Thu, 28 Dec 2023UK£141.4bUK£48.6bUK£8.8b15.2x16.1x2.9x
Sat, 25 Nov 2023UK£132.1bUK£48.6bUK£8.8b13.9x15x2.7x
Mon, 23 Oct 2023UK£122.6bUK£48.7bUK£8.8b12.5x13.9x2.5x
Wed, 20 Sep 2023UK£129.0bUK£48.8bUK£8.9b13.3x14.5x2.6x
Price to Earnings Ratio

14.5x


Total Market Cap: UK£129.0bTotal Earnings: UK£8.9bTotal Revenue: UK£48.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Capital Markets Industry Price to Earnings3Y Average 14.8x202420252026
Current Industry PE
  • Investors are pessimistic on the British Capital Markets industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 10.5x which is lower than its 3-year average PE of 14.8x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 24% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

GB Market-1.83%
Financials-1.74%
Capital Markets-3.53%
Asset Management-2.24%
Investment Banking and Brokerage-2.28%
Financial Exchanges and Data-6.62%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 61.3x.
    • Analysts are expecting annual earnings growth of 13.1%, which is lower than the prior year's growth of 36.1% per year.
  • Investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 10.4x.
Forecasted Growth
  • Analysts are most optimistic on the Financial Exchanges and Data industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 36% per year.
  • In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 8.4% 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
RCP RIT Capital PartnersUK£25.451.6%
+UK£49.5m		28.3%PE4.6x
CGEO Georgia CapitalUK£45.152.1%
+UK£27.7m		91.7%PE2.8x
BPCR BioPharma CreditUS$0.971.3%
+US$13.5m		6.8%PE8.4x
BOOK Literacy CapitalUK£3.204.9%
+UK£9.0m		-14.4%PB0.7x
SHR Shaires HoldingsUS$16.949.3%
+US$6.9m		n/aPB168.3x

Latest News

CLIG
UK£4.77
City of London Investment Group
7D
1.5%
1Y
21.7%
BPT
UK£2.96
Bridgepoint Group
7D
-2.8%
1Y
-11.1%
AJB
UK£5.84
AJ Bell
7D
-5.0%
1Y
14.0%
Narrative Update • Sep 09

AJB: Future Shareholder Returns Will Be Driven By Rising Profit Margins

Analysts now set a higher implied fair value for AJ Bell at £7.90 compared with £7.20 previously, citing updated assumptions around revenue growth, profit margins, a slightly different discount rate, and a modestly lower future P/E multiple. What’s in the News for AJ Bell No recent AJ Bell news items are available from the provided sources as of 8 September 2026.
BOOK
UK£3.20
Literacy Capital
7D
4.9%
1Y
-14.4%
ICG
UK£19.03
ICG
7D
-2.2%
1Y
-15.4%
SRVL
UK£0.32
Serval Resources
7D
53.3%
1Y
134.2%
CGEO
UK£45.15
Georgia Capital
7D
2.1%
1Y
91.7%
BRK
UK£15.90
Brooks Macdonald Group
7D
1.6%
1Y
-12.4%
III
UK£26.51
3i Group
7D
-4.3%
1Y
-30.4%
New Narrative • Sep 05

Store Expansion And Margin Pressures Will Challenge Long Term Earnings Power

Catalysts About 3i Group 3i Group is an investment company with a focus on private equity and infrastructure assets, with a large exposure to European value retail through its majority stake in Action. What are the underlying business or industry changes driving this perspective?
LSEG
UK£82.38
London Stock Exchange Group
7D
-6.7%
1Y
-4.6%
Narrative Update • Sep 03

LSEG: Improving Data Ownership Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for London Stock Exchange Group to about £118 from about £121. This reflects a slightly higher discount rate, more cautious assumptions on revenue growth and profit margins, and a higher future P/E multiple in the context of a recent downgrade to Neutral at a £104 price target.
CMCX
UK£7.42
CMC Markets
7D
-3.0%
1Y
235.0%
Narrative Update • Sep 03

CMCX: FY27 Income Guidance Shift Will Drive Bullish Re Rating Potential

Analysts have raised the fair value estimate for CMC Markets to £8.50 from £7.30, reflecting higher Street price targets in the range of £7.00 to £7.60 and updated assumptions on revenue, profit margins and future P/E levels. Analyst Commentary Recent Street research on CMC Markets points to a more optimistic tone, with bullish analysts resetting expectations around both price targets and rating stance.
PLUS
UK£35.92
Plus500
7D
-2.8%
1Y
13.4%
BPCR
US$0.97
BioPharma Credit
7D
1.3%
1Y
6.8%
SHR
US$16.94
Shaires Holdings
7D
9.3%
1Y
n/a
STJ
UK£11.27
St. James's Place
7D
-2.8%
1Y
-9.9%
RCP
UK£25.45
RIT Capital Partners
7D
1.6%
1Y
28.3%