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U.K. (FTSE) Asset Management Industry Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies125
  • 7D0.3%
  • 3M8.7%
  • 1Y1.0%
  • YTDn/a

Over the last 7 days, the Asset Management industry has remained flat, although notably St. James's Place gained 3.1%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 8.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026UK£97.4bUK£41.4bUK£10.8b13.5x9x2.4x
Tue, 20 Jan 2026UK£96.0bUK£41.1bUK£10.6b13.4x9.1x2.3x
Thu, 18 Dec 2025UK£91.5bUK£41.1bUK£10.6b12.8x8.7x2.2x
Sat, 15 Nov 2025UK£94.8bUK£41.7bUK£10.9b13.4x8.7x2.3x
Mon, 13 Oct 2025UK£105.1bUK£40.5bUK£9.5b13.5x11x2.6x
Wed, 10 Sep 2025UK£97.0bUK£40.3bUK£9.5b12.4x10.2x2.4x
Fri, 08 Aug 2025UK£99.3bUK£40.4bUK£9.6b13.3x10.4x2.5x
Sun, 06 Jul 2025UK£96.3bUK£49.7bUK£9.1b12.8x10.6x1.9x
Tue, 03 Jun 2025UK£94.2bUK£49.6bUK£9.1b12.6x10.3x1.9x
Thu, 01 May 2025UK£92.5bUK£48.9bUK£8.5b10.7x10.9x1.9x
Sat, 29 Mar 2025UK£91.4bUK£48.6bUK£8.1b11.7x11.3x1.9x
Mon, 24 Feb 2025UK£103.5bUK£51.0bUK£8.1b11.5x12.8x2x
Wed, 22 Jan 2025UK£97.8bUK£51.0bUK£8.1b11.4x12.1x1.9x
Fri, 20 Dec 2024UK£94.4bUK£51.0bUK£8.1b11.6x11.7x1.8x
Sun, 17 Nov 2024UK£92.0bUK£50.9bUK£8.0b11.7x11.5x1.8x
Tue, 15 Oct 2024UK£91.7bUK£50.5bUK£7.7b11.7x11.9x1.8x
Thu, 12 Sep 2024UK£86.6bUK£50.4bUK£7.4b12.1x11.7x1.7x
Sat, 10 Aug 2024UK£85.8bUK£50.7bUK£7.6b12.2x11.3x1.7x
Mon, 08 Jul 2024UK£88.2bUK£40.7bUK£6.9b15.4x12.8x2.2x
Wed, 05 Jun 2024UK£87.0bUK£40.8bUK£6.8b16.7x12.8x2.1x
Fri, 03 May 2024UK£82.0bUK£41.2bUK£7.4b15.1x11x2x
Sun, 31 Mar 2024UK£80.4bUK£41.2bUK£7.3b15.3x11x2x
Tue, 27 Feb 2024UK£74.9bUK£35.2bUK£7.3b13.9x10.3x2.1x
Thu, 25 Jan 2024UK£80.2bUK£36.1bUK£7.5b14.8x10.7x2.2x
Sat, 23 Dec 2023UK£81.4bUK£36.0bUK£7.4b15.1x10.9x2.3x
Mon, 20 Nov 2023UK£76.0bUK£36.1bUK£7.5b13.2x10.1x2.1x
Wed, 18 Oct 2023UK£73.2bUK£36.1bUK£7.5b12.7x9.8x2x
Fri, 15 Sep 2023UK£75.0bUK£36.2bUK£7.7b13.8x9.8x2.1x
Sun, 13 Aug 2023UK£72.5bUK£36.0bUK£7.6b13.7x9.6x2x
Tue, 11 Jul 2023UK£65.3bUK£21.1bUK£7.3b13.5x8.9x3.1x
Thu, 08 Jun 2023UK£74.6bUK£18.2bUK£7.4b14.3x10x4.1x
Sat, 06 May 2023UK£72.2bUK£17.5bUK£6.6b14.2x10.9x4.1x
Mon, 03 Apr 2023UK£70.6bUK£17.5bUK£6.7b13.6x10.6x4x
Wed, 01 Mar 2023UK£76.6bUK£18.3bUK£8.3b12.6x9.2x4.2x
Price to Earnings Ratio

9.2x


Total Market Cap: UK£76.6bTotal Earnings: UK£8.3bTotal Revenue: UK£18.3bTotal 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 9.0x 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 2.3x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 9.0% per year over the last three years.
  • Revenues for these companies have grown 31% 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 Market2.09%
Financials3.49%
Capital Markets1.18%
Asset Management0.32%
Financial Exchanges and Data4.13%
Investment Banking and Brokerage-1.32%
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£12.843.1%
+UK£200.2m		15.7%PE13x
ABDN Aberdeen GroupUK£2.162.7%
+UK£100.1m		37.0%PE12.1x
ICG ICGUK£17.382.0%
+UK£97.5m		-27.4%PE8.4x
EMG Man GroupUK£2.732.9%
+UK£87.1m		28.7%PE22.2x
QLT QuilterUK£1.883.5%
+UK£84.7m		21.4%PS0.5x

Latest News

ICG
UK£17.38
ICG
7D
2.0%
1Y
-27.4%
ASHM
UK£2.45
Ashmore Group
7D
-1.2%
1Y
59.9%
QLT
UK£1.88
Quilter
7D
3.5%
1Y
21.4%

QLT: Higher Margins And Lower Risk Assumptions Should Support Share Rerating

Narrative Update Analysts have lifted their Quilter price targets by a combined £0.37, reflecting updated views that incorporate a higher fair value estimate of £2.49 per share, a slightly lower discount rate, revised expectations for revenue trends, a higher projected profit margin, and a reduced future P/E multiple. Analyst Commentary Recent research updates on Quilter have clustered around higher price targets, which points to a more constructive stance from bullish analysts on valuation, earnings power, and execution.
ABDN
UK£2.16
Aberdeen Group
7D
2.7%
1Y
37.0%

ABDN: Lower Forward P/E And Cautious Margin Assumptions Will Pressure Upside Potential

Aberdeen Group's analyst price target has been raised to £1.84 from £1.75, with analysts pointing to updated assumptions around discount rates, profit margins and future P/E expectations, as well as a series of recent target increases from major banks, as key drivers of the change. Analyst Commentary Recent Street research on Aberdeen Group shows a cluster of price target revisions, with several banks fine tuning their expectations in a relatively tight range.
STJ
UK£12.84
St. James's Place
7D
3.1%
1Y
15.7%

STJ: Higher Long Term P/E Assumptions Will Support Future Upside

Analysts have raised their blended price target for St. James's Place to reflect modestly improved fair value assumptions of £16.64 per share, supported by a slightly higher long term P/E multiple and recent price target increases from several banks across the Street. Analyst Commentary Recent Street research has clustered around higher price targets for St. James's Place, with multiple banks lifting their fair value estimates in quick succession.
EMG
UK£2.73
Man Group
7D
2.9%
1Y
28.7%

EMG: Future Returns Will Hinge On P E Repricing And AI Execution

The analyst price target for Man Group has been revised higher to £2.70, with analysts pointing to updated fair value assumptions, a slightly lower discount rate, and modestly adjusted future P/E expectations as key drivers of the change. Analyst Commentary Recent research updates show a cluster of higher price targets for Man Group, with several firms converging around the £2.70 level.
RAT
UK£21.85
Rathbones Group
7D
-0.7%
1Y
25.3%
N91
UK£2.49
Ninety One Group
7D
3.7%
1Y
71.4%
BPCR
US$0.93
BioPharma Credit
7D
-2.3%
1Y
8.9%
CLDN
UK£3.50
Caledonia Investments
7D
2.0%
1Y
-9.3%
III
UK£33.99
3i Group
7D
-1.1%
1Y
-17.2%

III: Slower Momentum Will Still Deliver Durable Returns And Dividend Visibility

Analysts have trimmed their fair value estimate for 3i Group to £42.01 from £42.22, reflecting slightly lower revenue growth and profit margin assumptions, partly offset by updated discount rate and future P/E inputs, along with a mix of recent target changes and rating moves across the Street. Analyst Commentary The recent research updates show a split in opinion on 3i Group, with some analysts adjusting price targets upward and others cutting targets and ratings.
ORIT
UK£0.54
Octopus Renewables Infrastructure Trust
7D
-4.4%
1Y
-18.3%
BPT
UK£2.62
Bridgepoint Group
7D
-1.3%
1Y
-29.3%
HICL
UK£1.21
HICL Infrastructure
7D
1.9%
1Y
9.0%

There's Reason For Concern Over HICL Infrastructure PLC's (LON:HICL) Price

Jan 16
There's Reason For Concern Over HICL Infrastructure PLC's (LON:HICL) Price
FGEN
UK£0.67
Foresight Environmental Infrastructure
7D
-4.0%
1Y
-6.8%
SIHL
US$0.39
Symphony International Holdings
7D
-11.2%
1Y
14.4%