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U.K. (FTSE) Capital Markets Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies141
  • 7D1.0%
  • 3M1.4%
  • 1Y-9.2%
  • YTD-2.2%

Over the last 7 days, the Capital Markets industry has remained flat, although notably 3i Group gained 11%. As for the longer term, the industry has declined 9.2% in the last 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
Wed, 01 Jul 2026UK£145.6bUK£74.2bUK£13.0b12.1x11.2x2x
Fri, 29 May 2026UK£146.6bUK£73.8bUK£12.8b12.9x11.4x2x
Sun, 26 Apr 2026UK£153.0bUK£74.9bUK£13.9b12.7x11x2x
Tue, 24 Mar 2026UK£142.3bUK£74.9bUK£13.9b13.1x10.2x1.9x
Thu, 19 Feb 2026UK£151.1bUK£55.7bUK£12.8b14x11.8x2.7x
Sat, 17 Jan 2026UK£158.5bUK£55.4bUK£12.6b14.2x12.6x2.9x
Mon, 15 Dec 2025UK£145.8bUK£55.4bUK£12.6b12.6x11.6x2.6x
Wed, 12 Nov 2025UK£164.1bUK£54.4bUK£11.6b13.7x14.2x3x
Fri, 10 Oct 2025UK£165.4bUK£55.0bUK£11.6b14.2x14.2x3x
Sun, 07 Sep 2025UK£160.0bUK£54.8bUK£11.6b12.4x13.8x2.9x
Tue, 05 Aug 2025UK£166.0bUK£55.3bUK£11.3b13.4x14.7x3x
Thu, 03 Jul 2025UK£167.2bUK£63.8bUK£10.9b13x15.4x2.6x
Sat, 31 May 2025UK£168.0bUK£63.8bUK£10.9b12.4x15.4x2.6x
Mon, 28 Apr 2025UK£165.7bUK£63.0bUK£10.2b11x16.2x2.6x
Wed, 26 Mar 2025UK£165.1bUK£62.7bUK£9.9b11.9x16.7x2.6x
Fri, 21 Feb 2025UK£178.4bUK£64.8bUK£9.8b12x18.3x2.8x
Sun, 19 Jan 2025UK£172.7bUK£64.8bUK£9.8b12x17.7x2.7x
Tue, 17 Dec 2024UK£171.2bUK£64.6bUK£9.6b11.9x17.8x2.6x
Thu, 14 Nov 2024UK£160.0bUK£64.2bUK£9.3b12x17.2x2.5x
Sat, 12 Oct 2024UK£157.9bUK£64.1bUK£9.2b12.3x17.1x2.5x
Mon, 09 Sep 2024UK£152.9bUK£64.0bUK£9.0b12.8x17.1x2.4x
Wed, 07 Aug 2024UK£147.3bUK£62.5bUK£8.8b13.8x16.7x2.4x
Fri, 05 Jul 2024UK£149.5bUK£54.0bUK£8.5b15.2x17.6x2.8x
Sun, 02 Jun 2024UK£143.8bUK£53.3bUK£8.3b16.7x17.4x2.7x
Tue, 30 Apr 2024UK£138.2bUK£53.9bUK£8.7b15.2x15.9x2.6x
Thu, 28 Mar 2024UK£140.3bUK£53.9bUK£8.7b16.9x16.1x2.6x
Sat, 24 Feb 2024UK£131.7bUK£47.6bUK£8.6b14.3x15.3x2.8x
Mon, 22 Jan 2024UK£137.0bUK£48.6bUK£8.8b15.2x15.6x2.8x
Wed, 20 Dec 2023UK£139.6bUK£48.6bUK£8.8b15.6x15.9x2.9x
Fri, 17 Nov 2023UK£129.4bUK£48.7bUK£8.9b12.6x14.6x2.7x
Sun, 15 Oct 2023UK£124.6bUK£48.7bUK£8.8b12.6x14.2x2.6x
Tue, 12 Sep 2023UK£128.0bUK£48.7bUK£9.0b14.1x14.2x2.6x
Thu, 10 Aug 2023UK£127.5bUK£48.5bUK£8.9b13.9x14.3x2.6x
Sat, 08 Jul 2023UK£118.1bUK£33.2bUK£8.8b13.8x13.4x3.6x
Price to Earnings Ratio

13.4x


Total Market Cap: UK£118.1bTotal Earnings: UK£8.8bTotal Revenue: UK£33.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Capital Markets Industry Price to Earnings3Y Average 15x202420252026
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 11.2x which is lower than its 3-year average PE of 15.0x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 14% 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 Trends

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

GB Market0.55%
Financials0.17%
Capital Markets0.99%
Asset Management3.30%
Investment Banking and Brokerage-2.40%
Financial Exchanges and Data-2.42%
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 63.4x.
    • Analysts are expecting annual earnings growth of 14.1%, which is lower than the prior year's growth of 55.7% per year.
  • Investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 10.5x.
Forecasted Growth
  • Analysts are most optimistic on the Financial Exchanges and Data industry, expecting annual earnings growth of 14% over the next 5 years.
  • However this is lower than its past earnings growth rate of 56% per year.
  • In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 5.6% 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
III 3i GroupUK£25.1510.6%
+UK£2.4b		-37.9%PE4.8x
CMCX CMC MarketsUK£6.5039.5%
+UK£496.3m		162.1%PE23.6x
BPT Bridgepoint GroupUK£2.7417.6%
+UK£360.0m		-11.9%PE58x
LSEG London Stock Exchange GroupUK£83.520.9%
+UK£350.6m		-22.7%PE32.6x
ABDN Aberdeen GroupUK£2.497.2%
+UK£297.0m		33.1%PE11.5x

Latest News

CMCX
UK£6.50
CMC Markets
7D
39.5%
1Y
162.1%
BPT
UK£2.74
Bridgepoint Group
7D
17.6%
1Y
-11.9%
RVRG
UK£0.022
River Global
7D
-62.5%
1Y
-67.9%
MERC
UK£0.27
Mercia Asset Management
7D
-6.1%
1Y
-18.2%
III
UK£25.15
3i Group
7D
10.6%
1Y
-37.9%
ABDN
UK£2.49
Aberdeen Group
7D
7.2%
1Y
33.1%
Narrative Update • Jun 29

ABDN: Future Returns Will Depend On Margin Delivery As Broker Views Diverge

The Analyst Price Target for Aberdeen Group has been raised to £2.24 from £2.15, reflecting analysts' updated views after a series of recent price target increases and upgrades across the Street. Analyst Commentary Recent Street research on Aberdeen Group presents a mix of optimism and caution, with several high profile banks adjusting price targets and ratings in quick succession.
AJB
UK£6.28
AJ Bell
7D
6.4%
1Y
24.9%
Narrative Update • Jun 29

AJB: Future Returns Will Balance Buybacks Dividend Growth And Moderated Expectations

Analysts have raised their price target for AJ Bell to £6.11, up from a previous fair value of £5.41. They cite updated assumptions on discount rate, revenue growth, profit margin and future P/E as the main drivers of the change.
TCAP
UK£3.44
TP ICAP Group
7D
-0.9%
1Y
26.1%
Analysis Article • Jun 29

Is Now The Time To Put TP ICAP Group (LON:TCAP) On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
IGG
UK£18.35
IG Group Holdings
7D
-2.7%
1Y
74.8%
Narrative Update • Jun 23

IGG: Future Execution On Buybacks And Interest Income Will Shape Fair Value

The analyst price target for IG Group Holdings has been raised from £17.85 to £20.00, with analysts citing an updated fair value estimate of £17.89, a revised discount rate, and refreshed assumptions for revenue growth, profit margins, and future P/E to support the change. Analyst Commentary Recent research on IG Group Holdings points to a more constructive stance on the stock, with several bullish analysts lifting their price targets into the 1,750 GBp to 2,000 GBp range.
STJ
UK£12.27
St. James's Place
7D
3.2%
1Y
5.6%
Narrative Update • Jun 23

STJ: Higher Future P E And Stable Fair Value Will Support Upside

St. James's Place enters this Narrative Update with a slightly adjusted analyst price target, reflecting a mix of lowered targets from Citi and JPMorgan, as well as a higher £2,000 target from Deutsche Bank, as analysts reassess the stock using a modestly higher discount rate and steady fair value assumptions. Analyst Commentary Analyst updates on St. James's Place have recently centred on a series of adjusted price targets, with some firms trimming their expectations and others lifting them.
PEEL
UK£1.00
Peel Hunt
7D
-4.8%
1Y
7.5%
HICL
UK£1.33
HICL Infrastructure
7D
-1.6%
1Y
13.9%
LSEG
UK£83.52
London Stock Exchange Group
7D
0.9%
1Y
-22.7%
Narrative Update • Jun 17

LSEG: Digital Expansion And Share Buybacks Will Support Future Share Price Upside

Analysts have nudged their price targets for London Stock Exchange Group higher, with one recent move adding £1.00 to the prior level. The change reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
ENRG
UK£0.72
VH Global Energy Infrastructure
7D
-2.2%
1Y
-1.1%
PINT
UK£1.16
Pantheon Infrastructure
7D
-2.4%
1Y
15.2%
CGEO
UK£42.95
Georgia Capital
7D
9.3%
1Y
119.8%