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U.K. (FTSE) Asset Management Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies123
  • 7D1.0%
  • 3M-5.7%
  • 1Y3.8%
  • YTDn/a

In the last week, the Asset Management industry is up 1.0%, with Caledonia Investments up 3.0%. Meanwhile, Ninety One Group actually underperformed within the industry, shrinking 7.7% in the last week. This takes the industry's 12 month performance to a gain of 3.8%. Earnings are forecast to grow by 7.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026UK£89.7bUK£60.4bUK£11.5b12.7x7.8x1.5x
Sun, 08 Mar 2026UK£91.6bUK£60.1bUK£11.3b12.7x8.1x1.5x
Tue, 03 Feb 2026UK£95.8bUK£41.1bUK£10.6b14.2x9.1x2.3x
Thu, 01 Jan 2026UK£93.2bUK£41.1bUK£10.6b13.1x8.8x2.3x
Sat, 29 Nov 2025UK£94.3bUK£42.2bUK£11.3b13.1x8.4x2.2x
Mon, 27 Oct 2025UK£106.6bUK£40.6bUK£9.6b13.6x11.2x2.6x
Wed, 24 Sep 2025UK£98.5bUK£40.4bUK£9.5b12.8x10.4x2.4x
Fri, 22 Aug 2025UK£100.0bUK£40.4bUK£9.5b13.3x10.5x2.5x
Sun, 20 Jul 2025UK£101.8bUK£49.8bUK£9.1b13.5x11.2x2x
Tue, 17 Jun 2025UK£95.2bUK£49.7bUK£9.2b12.7x10.4x1.9x
Thu, 15 May 2025UK£95.0bUK£48.8bUK£8.3b12.8x11.4x1.9x
Sat, 12 Apr 2025UK£84.8bUK£49.1bUK£8.5b10.6x10x1.7x
Mon, 10 Mar 2025UK£100.0bUK£49.4bUK£8.5b10.8x11.7x2x
Wed, 05 Feb 2025UK£101.0bUK£51.0bUK£8.1b11.6x12.5x2x
Fri, 03 Jan 2025UK£95.4bUK£51.1bUK£8.1b11.6x11.8x1.9x
Sun, 01 Dec 2024UK£96.4bUK£50.9bUK£8.0b12.2x12x1.9x
Tue, 29 Oct 2024UK£92.2bUK£50.5bUK£7.7b11.6x12x1.8x
Thu, 26 Sep 2024UK£92.6bUK£50.5bUK£7.6b12.2x12.2x1.8x
Sat, 24 Aug 2024UK£89.6bUK£50.5bUK£7.4b12.4x12.1x1.8x
Mon, 22 Jul 2024UK£88.1bUK£40.6bUK£7.0b15.3x12.6x2.2x
Wed, 19 Jun 2024UK£88.2bUK£40.8bUK£6.8b15.7x12.9x2.2x
Fri, 17 May 2024UK£85.3bUK£40.5bUK£6.8b16.3x12.6x2.1x
Sun, 14 Apr 2024UK£81.2bUK£41.3bUK£7.4b15x11x2x
Tue, 12 Mar 2024UK£77.1bUK£43.8bUK£7.2b15.9x10.7x1.8x
Thu, 08 Feb 2024UK£73.8bUK£35.1bUK£7.4b13.4x10x2.1x
Sat, 06 Jan 2024UK£78.7bUK£36.0bUK£7.4b14.9x10.6x2.2x
Mon, 04 Dec 2023UK£76.5bUK£36.1bUK£7.5b14x10.2x2.1x
Wed, 01 Nov 2023UK£69.8bUK£36.1bUK£7.5b11.8x9.4x1.9x
Fri, 29 Sep 2023UK£74.8bUK£36.2bUK£7.5b12.7x10x2.1x
Sun, 27 Aug 2023UK£70.4bUK£36.2bUK£7.6b13.4x9.2x1.9x
Tue, 25 Jul 2023UK£68.7bUK£21.2bUK£7.3b13.9x9.4x3.2x
Thu, 22 Jun 2023UK£67.2bUK£18.2bUK£7.4b13.7x9.1x3.7x
Sat, 20 May 2023UK£74.2bUK£18.5bUK£7.8b13.6x9.5x4x
Mon, 17 Apr 2023UK£71.9bUK£17.5bUK£6.7b14.2x10.8x4.1x
Price to Earnings Ratio

10.8x


Total Market Cap: UK£71.9bTotal Earnings: UK£6.7bTotal Revenue: UK£17.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Asset Management Industry Price to Earnings3Y Average 10.6x202420252026
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 7.8x which is lower than its 3-year average PE of 10.6x.
  • The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 51% 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 Market1.74%
Financials3.72%
Capital Markets1.14%
Asset Management1.03%
Investment Banking and Brokerage3.03%
Financial Exchanges and Data0.81%
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
CLDN Caledonia InvestmentsUK£3.393.0%
+UK£1.8b		-2.4%PE19x
STJ St. James's PlaceUK£12.604.0%
+UK£245.4m		53.0%PE12.2x
ICG ICGUK£16.734.7%
+UK£207.7m		0%PE8x
ABDN Aberdeen GroupUK£2.012.9%
+UK£100.2m		54.3%PE9.3x
QLT QuilterUK£1.842.9%
+UK£67.9m		43.8%PE20.6x

Latest News

EMG
UK£2.49
Man Group
7D
-2.9%
1Y
59.1%
IPX
UK£0.94
Impax Asset Management Group
7D
-22.4%
1Y
-25.4%
CLDN
UK£3.39
Caledonia Investments
7D
3.0%
1Y
-2.4%
QLT
UK£1.84
Quilter
7D
2.9%
1Y
43.8%
JUP
UK£1.58
Jupiter Fund Management
7D
-5.6%
1Y
121.7%
ABDN
UK£2.01
Aberdeen Group
7D
2.9%
1Y
54.3%
N91
UK£2.15
Ninety One Group
7D
-7.7%
1Y
74.4%

N91: Slightly Lower Assumptions Will Still Support Future Upside Potential

Analysts have trimmed their price target for Ninety One Group by £0.04, reflecting slightly adjusted assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: Adjusted slightly lower from £2.51 to £2.47 per share.
SIHL
US$0.42
Symphony International Holdings
7D
-3.0%
1Y
20.2%
ICG
UK£16.73
ICG
7D
4.7%
1Y
0%

Complex Higher Return Strategies Will Raise Execution Risks Yet Eventually Support A More Resilient Model

Catalysts About ICG ICG manages private markets strategies across credit, secondaries, structured capital and real assets for institutional and wealth clients globally. What are the underlying business or industry changes driving this perspective?
STJ
UK£12.60
St. James's Place
7D
4.0%
1Y
53.0%

STJ: Share Buybacks And Higher P E Assumptions Will Offset AI Threat

St. James's Place's analyst price target has been nudged slightly lower, with the revised fair value estimate trimming about £0.10 per share as analysts factor in small adjustments to discount rates, profit margin assumptions, and longer term P/E expectations, following a mix of recent target cuts and raises across the Street. Analyst Commentary Recent Street research on St. James's Place shows a split picture, with some firms lifting price targets and ratings while others dial back expectations or express fresh concerns about the business model.
LIO
UK£2.47
Liontrust Asset Management
7D
-1.8%
1Y
-22.5%

LIO: Higher Margin Outlook And Lower P/E Will Support Share Price Recovery

Analysts have nudged their fair value estimate for Liontrust Asset Management up from £3.48 to £3.60, citing slightly softer assumed revenue declines, a modestly higher profit margin, and a lower future P/E multiple in their updated models. Valuation Changes Fair Value: Raised slightly from £3.48 to £3.60 per share.
BPT
UK£2.40
Bridgepoint Group
7D
2.9%
1Y
-2.0%

BPT: Music Partnership And Higher Future P/E Will Support Stronger Shares

Analysts have inched up their price target on Bridgepoint Group to £3.91 from £3.91, reflecting updated assumptions around discount rates, revenue growth, profit margins and a higher future P/E multiple. What's in the News Bridgepoint entered a partnership with GoldState Music as lead investor in GoldState's Growth Strategy, committing capital to a dedicated programme focused on music-oriented businesses globally (Key Developments).
RCP
UK£21.45
RIT Capital Partners
7D
2.1%
1Y
18.9%
LWDB
UK£11.26
Law Debenture
7D
4.1%
1Y
34.5%
REC
UK£0.51
Record
7D
-3.4%
1Y
-3.0%
MAY
US$9.30
Mayflower Acquisition
7D
-2.1%
1Y
n/a