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U.K. (FTSE) Capital Markets Industry Analysis

UpdatedAug 28, 2025
DataAggregated Company Financials
Companies150
  • 7D-0.8%
  • 3M-3.0%
  • 1Y6.2%
  • YTD-0.5%

Over the last 7 days, the Capital Markets industry has remained flat, although notably Man Group gained 3.8%. The past year has been better, since the industry has gained 6.2% in that time. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Aug 2025UK£163.8bUK£54.8bUK£11.6b13.3x14.1x3x
Sat, 26 Jul 2025UK£168.3bUK£63.9bUK£10.9b13.8x15.5x2.6x
Mon, 23 Jun 2025UK£165.5bUK£63.8bUK£10.9b12.5x15.2x2.6x
Wed, 21 May 2025UK£168.6bUK£63.7bUK£10.9b12.2x15.5x2.6x
Fri, 18 Apr 2025UK£162.3bUK£63.1bUK£10.2b11.1x15.9x2.6x
Sun, 16 Mar 2025UK£168.9bUK£63.5bUK£10.3b11.8x16.5x2.7x
Tue, 11 Feb 2025UK£178.4bUK£64.8bUK£9.8b12x18.2x2.8x
Thu, 09 Jan 2025UK£168.0bUK£64.8bUK£9.7b11.4x17.2x2.6x
Sat, 07 Dec 2024UK£170.9bUK£64.6bUK£9.6b12.2x17.8x2.6x
Mon, 04 Nov 2024UK£160.1bUK£64.1bUK£9.3b12.7x17.3x2.5x
Wed, 02 Oct 2024UK£159.0bUK£64.1bUK£9.2b12.8x17.2x2.5x
Fri, 30 Aug 2024UK£156.3bUK£64.0bUK£9.0b12.9x17.4x2.4x
Sun, 28 Jul 2024UK£151.4bUK£54.2bUK£8.7b14.4x17.3x2.8x
Tue, 25 Jun 2024UK£152.4bUK£54.1bUK£8.5b15.6x18x2.8x
Thu, 23 May 2024UK£144.0bUK£53.2bUK£8.2b16.8x17.6x2.7x
Sat, 20 Apr 2024UK£137.5bUK£53.9bUK£8.7b15x15.8x2.6x
Mon, 18 Mar 2024UK£136.1bUK£53.5bUK£8.4b16.8x16.2x2.5x
Wed, 14 Feb 2024UK£129.9bUK£47.5bUK£8.7b14.1x15x2.7x
Fri, 12 Jan 2024UK£136.7bUK£48.6bUK£8.8b15.2x15.6x2.8x
Sun, 10 Dec 2023UK£137.0bUK£48.7bUK£8.8b15.1x15.6x2.8x
Tue, 07 Nov 2023UK£124.9bUK£48.5bUK£8.8b12.5x14.2x2.6x
Thu, 05 Oct 2023UK£126.0bUK£48.7bUK£8.8b12.7x14.3x2.6x
Sat, 02 Sep 2023UK£125.7bUK£48.6bUK£8.9b14.4x14.1x2.6x
Mon, 31 Jul 2023UK£130.9bUK£45.7bUK£9.0b14x14.5x2.9x
Wed, 28 Jun 2023UK£120.3bUK£30.2bUK£8.9b13.9x13.5x4x
Fri, 26 May 2023UK£127.8bUK£30.4bUK£9.1b13.8x14.1x4.2x
Sun, 23 Apr 2023UK£125.2bUK£29.5bUK£8.2b14.2x15.3x4.2x
Tue, 21 Mar 2023UK£120.2bUK£30.0bUK£8.5b13.7x14.1x4x
Thu, 16 Feb 2023UK£129.2bUK£30.2bUK£9.9b14.7x13.1x4.3x
Sat, 14 Jan 2023UK£124.0bUK£30.1bUK£9.9b13.8x12.6x4.1x
Mon, 12 Dec 2022UK£114.9bUK£30.1bUK£9.9b14x11.6x3.8x
Wed, 09 Nov 2022UK£114.9bUK£31.5bUK£11.4b11.5x10.1x3.6x
Fri, 07 Oct 2022UK£111.5bUK£31.6bUK£11.4b11.7x9.8x3.5x
Sun, 04 Sep 2022UK£118.8bUK£31.4bUK£11.5b9.6x10.4x3.8x
Price to Earnings Ratio

10.4x


Total Market Cap: UK£118.8bTotal Earnings: UK£11.5bTotal Revenue: UK£31.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Capital Markets Industry Price to Earnings3Y Average 15.8x202320242025
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 14.1x which is lower than its 3-year average PE of 15.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 20% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

GB Market3.34%
Financials-0.79%
Capital Markets-0.79%
Investment Banking and Brokerage0.12%
Asset Management-0.46%
Financial Exchanges and Data-1.66%
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 69.5x.
    • Analysts expect its future annual earnings growth (18.6%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Asset Management industry, which is trading close to its 3-year average of 10.8x.
Forecasted Growth
  • Analysts are most optimistic on the Financial Exchanges and Data industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 5.5% 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
EMG Man GroupUK£1.683.8%
+UK£67.8m		-24.7%PE13.8x
ICG ICGUK£21.820.9%
+UK£57.3m		1.7%PE13.9x
JTC JTCUK£9.552.7%
+UK£42.5m		-10.9%PS5.3x
III 3i GroupUK£40.950.1%
+UK£38.6m		29.6%PE7.8x
PHLL Petershill PartnersUK£2.391.1%
+UK£27.0m		8.6%PE4.2x

Latest News

ABDN
UK£1.96
Aberdeen Group
7D
-1.3%
1Y
30.0%

Digital And Regulatory Trends Will Squeeze Legacy Manager Margins

Analysts have modestly raised Aberdeen Group’s price target from £1.94 to £1.98, primarily due to improved market sentiment and stronger recent operational performance, although some remain cautious about valuation and long-term prospects after the share price's rapid appreciation. Analyst Commentary Price targets were broadly increased to reflect Aberdeen's recent share price rally and improved market sentiment.
ASHM
UK£1.79
Ashmore Group
7D
1.8%
1Y
2.1%

Emerging Markets Expansion Will Increase Client Activity But Earnings May Face Pressure

Analysts have raised their price target for Ashmore Group to £1.56, reflecting optimism around improving emerging market sentiment, stabilizing outflows, and stronger recent earnings, though tempered by ongoing structural concerns. Analyst Commentary Anticipation of improving emerging market sentiment boosting Ashmore Group's assets under management growth prospects.
POLN
UK£8.56
Pollen Street Group
7D
4.4%
1Y
22.3%
ICG
UK£21.82
ICG
7D
0.9%
1Y
1.7%
RAT
UK£18.56
Rathbones Group
7D
-2.1%
1Y
0.9%
HICL
UK£1.20
HICL Infrastructure
7D
-2.4%
1Y
-5.4%
III
UK£40.95
3i Group
7D
0.1%
1Y
29.6%

3i Group plc's (LON:III) Subdued P/E Might Signal An Opportunity

Aug 11
3i Group plc's (LON:III) Subdued P/E Might Signal An Opportunity
RCP
UK£19.64
RIT Capital Partners
7D
-1.8%
1Y
7.8%

RIT Capital Partners (LON:RCP) Will Pay A Dividend Of £0.215

Aug 10
RIT Capital Partners (LON:RCP) Will Pay A Dividend Of £0.215
PHLL
UK£2.39
Petershill Partners
7D
1.1%
1Y
8.6%
LSEG
UK£93.86
London Stock Exchange Group
7D
-1.7%
1Y
-8.2%
SDR
UK£3.88
Schroders
7D
-2.6%
1Y
12.3%

Schroders (LON:SDR) Has Announced A Dividend Of £0.065

Aug 03
Schroders (LON:SDR) Has Announced A Dividend Of £0.065
JTC
UK£9.55
JTC
7D
2.7%
1Y
-10.9%

Investors Still Waiting For A Pull Back In JTC PLC (LON:JTC)

Aug 03
Investors Still Waiting For A Pull Back In JTC PLC (LON:JTC)
STJ
UK£12.99
St. James's Place
7D
-1.3%
1Y
80.0%
EMG
UK£1.68
Man Group
7D
3.8%
1Y
-24.7%
CLDN
UK£3.70
Caledonia Investments
7D
-4.9%
1Y
1.4%
IGG
UK£11.51
IG Group Holdings
7D
0.5%
1Y
16.0%