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U.K. (FTSE) Capital Markets Industry Analysis

UpdatedJul 27, 2026
DataAggregated Company Financials
Companies139
  • 7D-0.02%
  • 3M0.05%
  • 1Y-5.4%
  • YTD2.3%

The Capital Markets is pretty flat in the last 7 days, but 3i Group has stood out, gaining 9.8%. Unfortunately though, the industry is down 5.4% over the past 12 months. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the U.K. Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Jul 2026UK£152.1bUK£74.3bUK£13.0b11.8x11.7x2x
Wed, 24 Jun 2026UK£144.9bUK£74.2bUK£13.0b12x11.1x2x
Fri, 22 May 2026UK£148.3bUK£73.8bUK£12.8b13.3x11.6x2x
Sun, 19 Apr 2026UK£155.1bUK£74.9bUK£13.9b14x11.2x2.1x
Tue, 17 Mar 2026UK£147.6bUK£74.8bUK£13.7b13.5x10.7x2x
Thu, 12 Feb 2026UK£145.3bUK£55.3bUK£12.6b14x11.6x2.6x
Sat, 10 Jan 2026UK£152.2bUK£55.4bUK£12.6b13.6x12.1x2.8x
Mon, 08 Dec 2025UK£148.4bUK£55.4bUK£12.6b12.6x11.8x2.7x
Wed, 05 Nov 2025UK£168.0bUK£54.5bUK£11.6b13.6x14.5x3.1x
Fri, 03 Oct 2025UK£162.9bUK£55.0bUK£11.6b13.4x14x3x
Sun, 31 Aug 2025UK£161.6bUK£54.8bUK£11.6b13x14x2.9x
Tue, 29 Jul 2025UK£167.2bUK£64.0bUK£10.9b13.6x15.3x2.6x
Thu, 26 Jun 2025UK£165.3bUK£63.7bUK£10.8b12.4x15.2x2.6x
Sat, 24 May 2025UK£172.5bUK£64.2bUK£11.2b12.3x15.4x2.7x
Mon, 21 Apr 2025UK£162.2bUK£63.1bUK£10.2b11.1x15.9x2.6x
Wed, 19 Mar 2025UK£169.2bUK£63.5bUK£10.2b11.8x16.6x2.7x
Fri, 14 Feb 2025UK£178.3bUK£64.8bUK£9.8b11.8x18.2x2.8x
Sun, 12 Jan 2025UK£167.4bUK£64.8bUK£9.8b11.4x17.2x2.6x
Tue, 10 Dec 2024UK£169.8bUK£64.6bUK£9.6b12.2x17.6x2.6x
Thu, 07 Nov 2024UK£163.1bUK£64.1bUK£9.3b12.6x17.6x2.5x
Sat, 05 Oct 2024UK£158.9bUK£64.1bUK£9.2b13x17.2x2.5x
Mon, 02 Sep 2024UK£156.6bUK£64.1bUK£9.0b12.8x17.4x2.4x
Wed, 31 Jul 2024UK£152.8bUK£54.2bUK£8.7b14.4x17.5x2.8x
Fri, 28 Jun 2024UK£149.2bUK£54.1bUK£8.5b15.2x17.6x2.8x
Sun, 26 May 2024UK£146.1bUK£53.2bUK£8.2b17.1x17.8x2.7x
Tue, 23 Apr 2024UK£136.6bUK£53.9bUK£8.7b15x15.6x2.5x
Thu, 21 Mar 2024UK£135.7bUK£53.5bUK£8.4b16.8x16.2x2.5x
Sat, 17 Feb 2024UK£132.5bUK£47.5bUK£8.7b14.4x15.3x2.8x
Mon, 15 Jan 2024UK£137.7bUK£48.6bUK£8.8b15.3x15.7x2.8x
Wed, 13 Dec 2023UK£137.8bUK£48.7bUK£8.8b14.9x15.7x2.8x
Fri, 10 Nov 2023UK£127.3bUK£48.5bUK£8.8b12.8x14.5x2.6x
Sun, 08 Oct 2023UK£125.8bUK£48.7bUK£8.8b12.6x14.3x2.6x
Tue, 05 Sep 2023UK£125.6bUK£48.6bUK£8.9b14.5x14.1x2.6x
Thu, 03 Aug 2023UK£126.3bUK£45.4bUK£8.8b13.7x14.3x2.8x
Price to Earnings Ratio

14.3x


Total Market Cap: UK£126.3bTotal Earnings: UK£8.8bTotal Revenue: UK£45.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Capital Markets Industry Price to Earnings3Y Average 14.9x202420252026
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 11.7x which is lower than its 3-year average PE of 14.9x.
  • 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 18% 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 Market1.20%
Financials2.00%
Capital Markets-0.015%
Asset Management1.38%
Investment Banking and Brokerage-1.50%
Financial Exchanges and Data-2.31%
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 62.8x.
    • Analysts are expecting annual earnings growth of 14.3%, 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 7.3% 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£27.589.8%
+UK£2.5b		-32.9%PE5.2x
CMCX CMC MarketsUK£7.234.0%
+UK£75.5m		200.6%PE26.2x
GROW Molten VenturesUK£6.236.8%
+UK£62.4m		86.0%PE8.2x
BPT Bridgepoint GroupUK£3.182.2%
+UK£59.7m		-1.7%PE99.2x
CGEO Georgia CapitalUK£41.704.0%
+UK£48.0m		97.2%PE2.8x

Latest News

CMCX
UK£7.23
CMC Markets
7D
4.0%
1Y
200.6%
IHP
UK£3.76
IntegraFin Holdings
7D
-3.7%
1Y
1.6%
Narrative Update • Jul 24

IHP: Dividend Payout Will Highlight Compressed Returns At Current Share Price

Analysts have nudged their price target for IntegraFin Holdings higher to £3.32 from £3.13, citing updated assumptions that include a slightly different revenue growth outlook, a modestly improved profit margin profile, and a small adjustment to the future P/E used in their valuation work. What’s in the News for IntegraFin Holdings IntegraFin Holdings declared a first interim dividend of 3.8 pence per share for the six months ended 31 March 2026, covering the current financial period.
BPT
UK£3.18
Bridgepoint Group
7D
2.2%
1Y
-1.7%
Narrative Update • Jul 24

BPT: Dividend Payouts And License Transfer Will Support Stronger Shares

Analysts have increased their price target on Bridgepoint Group to £4.18 from £3.91, citing updated assumptions on revenue growth, profit margins and future P/E levels. What’s in the News for Bridgepoint Group Directors of Bridgepoint Group plc announced an interim dividend of 4.8 pence per share, scheduled for payment on 26 October 2026 to shareholders on the register as at 18 September 2026, with an ex dividend date of 17 September 2026.
III
UK£27.58
3i Group
7D
9.8%
1Y
-32.9%
Narrative Update • Jul 23

III: Buybacks And Growing Dividend Framework Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for 3i Group to £42.05 from £43.00, reflecting a lower Street price target of £3,527 from £4,300 and updated assumptions on discount rate, revenue growth, profit margin and future P/E. What’s in the News for 3i Group 3i Group completed a share repurchase tranche between 14 May 2026 and 21 July 2026, buying back 14,700,000 shares, or 1.44% of its share count, for £344 million.
N91
UK£2.11
Ninety One Group
7D
-3.4%
1Y
10.6%
ABDN
UK£2.48
Aberdeen Group
7D
0.6%
1Y
24.3%
QLT
UK£1.95
Quilter
7D
-4.5%
1Y
15.7%
LSEG
UK£87.74
London Stock Exchange Group
7D
-0.8%
1Y
-12.7%
PLUS
UK£39.74
Plus500
7D
-1.8%
1Y
19.7%
Narrative Update • Jul 21

PLUS: Expanded Trading Access Will Likely Exceed Sustainable Earnings Power

Analysts have raised their fair value estimate for Plus500 from £27.58 to £34.75, citing updated assumptions for revenue growth, profit margin and a slightly higher future P/E multiple. What’s in the News for Plus500 Plus500 has launched CFTC regulated Kalshi sports event based contracts in the US through its proprietary futures trading platform, giving US retail customers access to regulated prediction markets on sporting outcomes.
ICG
UK£18.66
ICG
7D
0.6%
1Y
-13.2%
Narrative Update • Jul 17

ICG: Rising Dividend Streak And Firm P/E Support Will Drive Future Returns

The analyst price target for ICG has been adjusted modestly higher, moving from £24.11 to £24.86. Analysts attribute this change to updated assumptions on discount rates, profitability and P/E expectations, as well as recent mixed price target revisions in Street research.
EMG
UK£2.98
Man Group
7D
0.9%
1Y
67.0%
Narrative Update • Jul 14

EMG: Future P/E And Abu Dhabi Office Plans Will Shape Balanced Outlook

The analyst price target for Man Group has moved higher, with recent Street estimates rising from £2.85 to a range of about £3.10 to £3.50. This reflects analysts factoring in updated fair value, revenue growth and P/E assumptions, while viewing the stock as closer to fairly priced.
CGEO
UK£41.70
Georgia Capital
7D
4.0%
1Y
97.2%
IGG
UK£17.05
IG Group Holdings
7D
-1.6%
1Y
53.1%
Narrative Update • Jul 07

IGG: Higher Earnings Multiples Will Support A Richer Future Share Rating

IG Group Holdings' updated analyst narrative reflects a higher implied price target, moving from about £17.55 to roughly £24.18, as analysts factor in revised assumptions on revenue growth, profit margins, and future P/E following a series of recent price target increases across the Street. Analyst Commentary Analysts covering IG Group Holdings have been revisiting their valuation frameworks, with several price targets now clustered between 1,750 GBp and 2,000 GBp. These moves indicate a more constructive stance on how the company can execute against its current business model and earnings profile.
GROW
UK£6.23
Molten Ventures
7D
6.8%
1Y
86.0%
New Narrative • Jun 25

European Sovereignty And AI Infrastructure Will Shape Fair But Constrained Outcomes

Catalysts About Molten Ventures Molten Ventures invests in growth stage European technology companies across sectors such as fintech, deep tech, space, AI infrastructure and digital health. What are the underlying business or industry changes driving this perspective?
TAM
UK£7.40
Tatton Asset Management
7D
-5.4%
1Y
2.8%
RCP
UK£25.10
RIT Capital Partners
7D
-3.3%
1Y
28.5%