Narrative Update • May 23

Over the last 7 days, the Asset Management industry has risen 4.2%, driven by gains from 3i Group of 11%. However, the industry is down 5.9% over the past year. Looking forward, earnings are forecast to grow by 10% annually.
Has the U.K. Asset Management Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 26 May 2026 | UK£87.0b | UK£59.2b | UK£10.3b | 12.4x | 8.5x | 1.5x |
| Thu, 23 Apr 2026 | UK£91.3b | UK£60.4b | UK£11.5b | 12.5x | 7.9x | 1.5x |
| Sat, 21 Mar 2026 | UK£86.3b | UK£60.4b | UK£11.5b | 11.8x | 7.5x | 1.4x |
| Mon, 16 Feb 2026 | UK£97.1b | UK£41.4b | UK£10.8b | 13.2x | 9x | 2.3x |
| Wed, 14 Jan 2026 | UK£92.2b | UK£41.1b | UK£10.6b | 12.8x | 8.7x | 2.2x |
| Fri, 12 Dec 2025 | UK£90.8b | UK£41.1b | UK£10.6b | 12.6x | 8.6x | 2.2x |
| Sun, 09 Nov 2025 | UK£103.4b | UK£40.2b | UK£9.6b | 13.5x | 10.8x | 2.6x |
| Tue, 07 Oct 2025 | UK£104.9b | UK£40.5b | UK£9.6b | 13.4x | 11x | 2.6x |
| Thu, 04 Sep 2025 | UK£96.8b | UK£40.4b | UK£9.5b | 12.3x | 10.2x | 2.4x |
| Sat, 02 Aug 2025 | UK£99.6b | UK£40.9b | UK£9.2b | 12.9x | 10.8x | 2.4x |
| Mon, 30 Jun 2025 | UK£98.0b | UK£49.7b | UK£9.1b | 12.7x | 10.8x | 2x |
| Wed, 28 May 2025 | UK£94.3b | UK£49.6b | UK£9.1b | 12.9x | 10.3x | 1.9x |
| Fri, 25 Apr 2025 | UK£91.2b | UK£48.9b | UK£8.5b | 11x | 10.8x | 1.9x |
| Sun, 23 Mar 2025 | UK£97.3b | UK£49.3b | UK£8.4b | 11.9x | 11.6x | 2x |
| Tue, 18 Feb 2025 | UK£104.7b | UK£51.0b | UK£8.1b | 11.5x | 13x | 2.1x |
| Thu, 16 Jan 2025 | UK£94.8b | UK£51.1b | UK£8.1b | 11.1x | 11.7x | 1.9x |
| Sat, 14 Dec 2024 | UK£96.2b | UK£50.9b | UK£8.0b | 11.8x | 12x | 1.9x |
| Mon, 11 Nov 2024 | UK£91.7b | UK£50.5b | UK£7.7b | 11.6x | 11.9x | 1.8x |
| Wed, 09 Oct 2024 | UK£90.9b | UK£50.5b | UK£7.7b | 11.9x | 11.8x | 1.8x |
| Fri, 06 Sep 2024 | UK£86.4b | UK£50.4b | UK£7.4b | 12x | 11.7x | 1.7x |
| Sun, 04 Aug 2024 | UK£85.6b | UK£48.9b | UK£7.3b | 13.5x | 11.8x | 1.7x |
| Tue, 02 Jul 2024 | UK£86.6b | UK£40.7b | UK£6.9b | 14.6x | 12.5x | 2.1x |
| Thu, 30 May 2024 | UK£84.9b | UK£40.7b | UK£6.9b | 16.6x | 12.3x | 2.1x |
| Sat, 27 Apr 2024 | UK£81.3b | UK£41.3b | UK£7.4b | 14.8x | 11x | 2x |
| Mon, 25 Mar 2024 | UK£79.6b | UK£41.0b | UK£7.1b | 16.5x | 11.2x | 1.9x |
| Wed, 21 Feb 2024 | UK£75.6b | UK£35.1b | UK£7.4b | 13.6x | 10.2x | 2.2x |
| Fri, 19 Jan 2024 | UK£78.9b | UK£36.0b | UK£7.4b | 14.8x | 10.6x | 2.2x |
| Sun, 17 Dec 2023 | UK£80.1b | UK£36.0b | UK£7.4b | 15.2x | 10.8x | 2.2x |
| Tue, 14 Nov 2023 | UK£72.9b | UK£35.9b | UK£7.4b | 12.4x | 9.9x | 2x |
| Thu, 12 Oct 2023 | UK£74.7b | UK£36.1b | UK£7.5b | 12.4x | 10x | 2.1x |
| Sat, 09 Sep 2023 | UK£71.6b | UK£36.0b | UK£7.7b | 13.6x | 9.4x | 2x |
| Mon, 07 Aug 2023 | UK£72.2b | UK£33.4b | UK£7.4b | 13.5x | 9.8x | 2.2x |
| Wed, 05 Jul 2023 | UK£66.9b | UK£18.2b | UK£7.4b | 14.1x | 9.1x | 3.7x |
| Fri, 02 Jun 2023 | UK£73.5b | UK£18.2b | UK£7.4b | 14.4x | 9.9x | 4x |
9.9x
How does U.K. Asset Management compare with similar industries?
| GB Market | 1.42% | |
| Financials | 2.78% | |
| Capital Markets | 3.70% | |
| Asset Management | 4.19% | |
| Investment Banking and Brokerage | 10.81% | |
| Financial Exchanges and Data | 0.61% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| III 3i Group | UK£23.15 | 5.0% +UK£1.1b | -44.0% | PE4.5x | |
| STJ St. James's Place | UK£12.10 | 6.1% +UK£356.2m | 9.1% | PE11.6x | |
| ICG ICG | UK£19.02 | 6.9% +UK£345.3m | -5.8% | PE11.2x | |
| ABDN Aberdeen Group | UK£2.47 | 5.7% +UK£239.7m | 44.6% | PE11.4x | |
| QLT Quilter | UK£1.94 | 5.0% +UK£124.3m | 31.7% | PE21.6x |