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U.K. (FTSE) Asset Management Industry Analysis

UpdatedJan 04, 2026
DataAggregated Company Financials
Companies126
  • 7D0.4%
  • 3M-10.4%
  • 1Y3.0%
  • YTDn/a

The Asset Management industry has stayed flat over the last week. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 Jan 2026UK£92.9bUK£41.1bUK£10.6b13.1x8.8x2.3x
Tue, 02 Dec 2025UK£92.6bUK£42.2bUK£11.3b13x8.2x2.2x
Thu, 30 Oct 2025UK£107.0bUK£40.6bUK£9.6b13.9x11.2x2.6x
Sat, 27 Sep 2025UK£99.7bUK£40.5bUK£9.6b12.6x10.4x2.5x
Mon, 25 Aug 2025UK£100.9bUK£40.4bUK£9.5b13.5x10.6x2.5x
Wed, 23 Jul 2025UK£101.0bUK£49.8bUK£9.1b13.3x11.1x2x
Fri, 20 Jun 2025UK£94.2bUK£49.7bUK£9.2b12.5x10.3x1.9x
Sun, 18 May 2025UK£93.1bUK£49.7bUK£9.2b12.6x10.1x1.9x
Tue, 15 Apr 2025UK£86.7bUK£49.1bUK£8.5b10.5x10.2x1.8x
Thu, 13 Mar 2025UK£98.1bUK£49.3bUK£8.5b11.5x11.5x2x
Sat, 08 Feb 2025UK£102.3bUK£51.0bUK£8.1b11.7x12.7x2x
Mon, 06 Jan 2025UK£95.0bUK£51.0bUK£8.1b11.6x11.7x1.9x
Wed, 04 Dec 2024UK£96.6bUK£50.9bUK£8.0b12.1x12.1x1.9x
Fri, 01 Nov 2024UK£91.1bUK£50.5bUK£7.7b11.6x11.8x1.8x
Sun, 29 Sep 2024UK£94.4bUK£50.5bUK£7.7b12x12.3x1.9x
Tue, 27 Aug 2024UK£89.6bUK£50.5bUK£7.4b12.4x12.1x1.8x
Thu, 25 Jul 2024UK£87.1bUK£40.6bUK£7.0b15.3x12.5x2.1x
Sat, 22 Jun 2024UK£89.3bUK£40.8bUK£6.9b15.5x13x2.2x
Mon, 20 May 2024UK£84.7bUK£40.5bUK£6.8b16.2x12.5x2.1x
Wed, 17 Apr 2024UK£81.1bUK£41.3bUK£7.4b15.1x11x2x
Fri, 15 Mar 2024UK£76.7bUK£40.9bUK£7.1b16.5x10.9x1.9x
Sun, 11 Feb 2024UK£74.8bUK£35.1bUK£7.4b13.6x10.1x2.1x
Tue, 09 Jan 2024UK£79.3bUK£36.0bUK£7.4b14.9x10.7x2.2x
Thu, 07 Dec 2023UK£78.5bUK£36.1bUK£7.5b14.6x10.5x2.2x
Sat, 04 Nov 2023UK£72.8bUK£35.9bUK£7.5b12.4x9.8x2x
Mon, 02 Oct 2023UK£75.1bUK£36.1bUK£7.5b12.7x10x2.1x
Wed, 30 Aug 2023UK£72.0bUK£36.2bUK£7.6b13.5x9.4x2x
Fri, 28 Jul 2023UK£68.8bUK£21.2bUK£7.3b13.3x9.4x3.2x
Sun, 25 Jun 2023UK£65.4bUK£18.2bUK£7.4b13.5x8.8x3.6x
Tue, 23 May 2023UK£74.6bUK£18.5bUK£7.8b13.9x9.6x4x
Thu, 20 Apr 2023UK£71.3bUK£17.5bUK£6.7b13.9x10.7x4.1x
Sat, 18 Mar 2023UK£69.2bUK£18.0bUK£7.0b13x9.9x3.8x
Mon, 13 Feb 2023UK£76.5bUK£18.5bUK£8.3b12.5x9.3x4.1x
Wed, 11 Jan 2023UK£70.7bUK£18.5bUK£8.2b12.7x8.6x3.8x
Price to Earnings Ratio

8.6x


Total Market Cap: UK£70.7bTotal Earnings: UK£8.2bTotal Revenue: UK£18.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Asset Management Industry Price to Earnings3Y Average 10.7x202420252026
Current Industry PE
  • Investors are pessimistic on the British Asset Management and Custody Banks 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 8.8x which is lower than its 3-year average PE of 10.7x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 8.7% per year over the last three years.
  • Revenues for these companies have grown 30% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.K. Asset Management compare with similar industries?

GB Market0.88%
Financials1.06%
Capital Markets0.0061%
Asset Management0.39%
Investment Banking and Brokerage0.098%
Financial Exchanges and Data-0.80%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
STJ St. James's PlaceUK£14.241.8%
+UK£132.6m		67.7%PE14.4x
ABDN Aberdeen GroupUK£2.071.8%
+UK£64.4m		47.3%PE11.6x
EMG Man GroupUK£2.311.9%
+UK£46.9m		7.7%PE18.8x
ICG ICGUK£20.560.7%
+UK£40.1m		0.1%PE9.9x
QLT QuilterUK£1.841.2%
+UK£28.2m		21.2%PS0.5x

Latest News

RAT
UK£19.14
Rathbones Group
7D
-0.2%
1Y
15.6%

Rathbones Group Plc's (LON:RAT) P/E Still Appears To Be Reasonable

Dec 25
Rathbones Group Plc's (LON:RAT) P/E Still Appears To Be Reasonable
BPT
UK£2.80
Bridgepoint Group
7D
-2.0%
1Y
-22.8%

BPT: Lower Risk Profile Will Support Stronger Future Share Price

Analysts have nudged their price target on Bridgepoint Group slightly higher, citing marginal improvements in fair value estimates, a lower implied discount rate, and modestly stronger long term revenue growth and profit margin assumptions that together support a valuation increase of approximately £0.01 per share. Valuation Changes Fair Value Estimate has risen slightly from £3.91 to £3.92 per share, reflecting a marginally higher assessment of intrinsic value.
ABDN
UK£2.07
Aberdeen Group
7D
1.8%
1Y
47.3%

ABDN: Rising Earnings Quality Will Support Stronger Medium-Term Cash Generation

The analyst fair value estimate for Aberdeen Group has been raised modestly from £2.40 to £2.49 per share. This reflects analysts' more optimistic assumptions for revenue growth and profit margins in the wake of a series of incremental price target increases across the Street.
QLT
UK£1.84
Quilter
7D
1.2%
1Y
21.2%

QLT Will Likely See Margin Strength Drive Further Share Rerating

Quilter's analyst price target has been nudged higher to about £2.20 from £1.90, as analysts cite modestly improving revenue trends, a materially stronger profit margin outlook and a lower future P E multiple as support for the rerating. Analyst Commentary Recent Street research points to a steadily improving outlook for Quilter, with a series of upward price target revisions reinforcing the case for further rerating.
STJ
UK£14.24
St. James's Place
7D
1.8%
1Y
67.7%

STJ: Gradual Price Uplift Will Support Stronger Future Return Potential

The analyst price target for St. James's Place has been raised, with a modest uplift in fair value to around £15.42 per share. Analysts point to a slightly lower discount rate, marginally improved long term profit margins, and a small uptick in forward valuation multiples to support their more constructive stance.
SDR
UK£4.09
Schroders
7D
0.3%
1Y
27.1%

SDR: Neutral Ratings Will Likely Limit Upside Despite Improved Profitability Outlook

Our analyst price target for Schroders has been raised to £3.37 from £3.01, reflecting analysts' modestly improved outlook on revenue trends, profitability and sector valuation, despite a slightly higher implied risk profile. Analyst Commentary Street research on Schroders over the past several months shows a mixed but generally cautious stance, with modest upward revisions to price targets tempered by concerns over the durability of growth and the risk reward profile at current levels.
III
UK£32.10
3i Group
7D
-0.4%
1Y
-10.9%

III: Discount Retail Exposure Will Deliver Compounding Returns Despite Slower Momentum

Analysts have trimmed their price target on 3i Group from approximately £44.44 to about £43.94, citing slower momentum. Despite stronger projected revenue growth and a modestly higher future P/E, they argue this justifies a lower valuation and reduced fair value.
LIO
UK£2.65
Liontrust Asset Management
7D
-1.1%
1Y
-43.7%

LIO: Share Buybacks And Margin Improvements Are Expected To Drive Upside

Analysts have trimmed their price target on Liontrust Asset Management by roughly 10 percent to reflect a slightly higher perceived risk and more modest long term revenue outlook, partly offset by expectations of improved profit margins and a marginally lower future earnings multiple. What's in the News Liontrust Asset Management has commenced a share repurchase programme from November 27, 2025, allowing buybacks of up to 6,376,461 shares, or 10% of its issued share capital, with repurchased shares to be held in treasury (Key Developments).
MAY
US$10.25
Mayflower Acquisition
7D
-5.7%
1Y
n/a
ICG
UK£20.56
ICG
7D
0.7%
1Y
0.1%

ICG: Higher Price Outlook Will Support Long-Term Earnings Durability

Analysts have nudged their price target on ICG modestly higher to £28.00 from £26.00, citing a slightly lower discount rate, a marginally stronger long term margin outlook and a still supportive, though somewhat tempered, revenue growth profile. Analyst Commentary Analysts characterise the latest price target revision as a fine tuning of an already constructive view on ICG, reflecting incremental confidence in the durability of earnings and capital deployment, rather than a wholesale change in thesis.
EMG
UK£2.31
Man Group
7D
1.9%
1Y
7.7%

EMG: Rising Revenue Visibility Will Support Stronger Earnings Resilience Ahead

Analysts have nudged their price targets on Man Group higher, with recent revisions such as Morgan Stanley lifting its target to 241 GBp from 202 GBp and JPMorgan raising its view to 209 GBp from 188 GBp, reflecting greater confidence in the companys accelerating revenue growth and resilient profitability. Analyst Commentary Recent price target increases indicate that bullish analysts see a stronger medium term earnings outlook for Man Group, underpinned by improving fee visibility and disciplined cost control.
LWDB
UK£10.64
Law Debenture
7D
1.5%
1Y
19.3%

Law Debenture (LON:LWDB) Has Affirmed Its Dividend Of £0.0838

Dec 14
Law Debenture (LON:LWDB) Has Affirmed Its Dividend Of £0.0838
KR1
UK£0.23
KR1
7D
-2.1%
1Y
n/a
HICL
UK£1.16
HICL Infrastructure
7D
1.0%
1Y
-2.9%

HICL Infrastructure (LON:HICL) Is Increasing Its Dividend To £0.0209

Nov 21
HICL Infrastructure (LON:HICL) Is Increasing Its Dividend To £0.0209
CLIG
UK£3.73
City of London Investment Group
7D
-0.8%
1Y
-3.6%
PINT
UK£1.06
Pantheon Infrastructure
7D
-2.8%
1Y
19.4%