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U.K. (FTSE) Capital Markets Industry Analysis

UpdatedSep 02, 2026
DataAggregated Company Financials
Companies137
  • 7D-1.1%
  • 3M6.3%
  • 1Y0.4%
  • YTD2.4%

Over the last 7 days, the Capital Markets industry has dropped 1.1%, driven by 3i Group declining 3.5%. Over the last year, the industry has been flat overall. 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, 02 Sep 2026UK£149.4bUK£93.9bUK£13.7b12x10.9x1.6x
Fri, 31 Jul 2026UK£152.2bUK£89.3bUK£13.1b11.9x11.6x1.7x
Sun, 28 Jun 2026UK£144.6bUK£74.2bUK£13.0b12x11.1x1.9x
Tue, 26 May 2026UK£149.8bUK£73.7bUK£12.7b13.3x11.8x2x
Thu, 23 Apr 2026UK£155.0bUK£74.9bUK£13.9b13.4x11.1x2.1x
Sat, 21 Mar 2026UK£143.7bUK£74.9bUK£13.8b13.5x10.4x1.9x
Mon, 16 Feb 2026UK£149.4bUK£55.7bUK£12.8b14.1x11.7x2.7x
Wed, 14 Jan 2026UK£151.3bUK£55.4bUK£12.6b13.8x12.1x2.7x
Fri, 12 Dec 2025UK£146.4bUK£55.4bUK£12.6b12.7x11.7x2.6x
Sun, 09 Nov 2025UK£163.6bUK£54.4bUK£11.6b13.5x14.1x3x
Tue, 07 Oct 2025UK£163.9bUK£55.0bUK£11.6b13.9x14.1x3x
Thu, 04 Sep 2025UK£159.8bUK£54.8bUK£11.6b12.6x13.8x2.9x
Sat, 02 Aug 2025UK£163.7bUK£55.3bUK£11.3b13.1x14.5x3x
Mon, 30 Jun 2025UK£168.8bUK£63.7bUK£10.8b12.6x15.6x2.6x
Wed, 28 May 2025UK£170.0bUK£63.8bUK£10.9b12.6x15.6x2.7x
Fri, 25 Apr 2025UK£165.0bUK£63.0bUK£10.2b11.1x16.2x2.6x
Sun, 23 Mar 2025UK£169.6bUK£63.5bUK£10.2b11.9x16.7x2.7x
Tue, 18 Feb 2025UK£180.0bUK£64.8bUK£9.8b11.8x18.4x2.8x
Thu, 16 Jan 2025UK£169.7bUK£64.8bUK£9.7b11.8x17.4x2.6x
Sat, 14 Dec 2024UK£170.1bUK£64.6bUK£9.6b12x17.7x2.6x
Mon, 11 Nov 2024UK£161.6bUK£64.1bUK£9.3b12.2x17.4x2.5x
Wed, 09 Oct 2024UK£157.4bUK£64.1bUK£9.3b12.7x17x2.5x
Fri, 06 Sep 2024UK£153.1bUK£63.9bUK£8.9b12.6x17.1x2.4x
Sun, 04 Aug 2024UK£149.9bUK£62.2bUK£8.9b14.1x16.9x2.4x
Tue, 02 Jul 2024UK£147.8bUK£54.0bUK£8.5b14.9x17.4x2.7x
Thu, 30 May 2024UK£143.0bUK£53.3bUK£8.3b16.7x17.3x2.7x
Sat, 27 Apr 2024UK£138.1bUK£53.9bUK£8.7b15x15.8x2.6x
Mon, 25 Mar 2024UK£140.0bUK£53.6bUK£8.4b16.7x16.6x2.6x
Wed, 21 Feb 2024UK£131.7bUK£47.5bUK£8.7b13.6x15.2x2.8x
Fri, 19 Jan 2024UK£137.5bUK£48.6bUK£8.8b15.2x15.7x2.8x
Sun, 17 Dec 2023UK£138.7bUK£48.6bUK£8.8b15.6x15.8x2.9x
Tue, 14 Nov 2023UK£126.8bUK£48.5bUK£8.7b12.7x14.6x2.6x
Thu, 12 Oct 2023UK£127.4bUK£48.7bUK£8.8b12.5x14.5x2.6x
Sat, 09 Sep 2023UK£125.5bUK£48.6bUK£9.0b13.9x14x2.6x
Price to Earnings Ratio

14x


Total Market Cap: UK£125.5bTotal Earnings: UK£9.0bTotal Revenue: UK£48.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Capital Markets Industry Price to Earnings3Y Average 14.8x202420252026
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 10.9x which is lower than its 3-year average PE of 14.8x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 25% 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 Market-0.97%
Financials-0.25%
Capital Markets-1.10%
Investment Banking and Brokerage0.57%
Financial Exchanges and Data0.38%
Asset Management-2.06%
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 61.7x.
    • Analysts are expecting annual earnings growth of 13.1%, which is lower than the prior year's growth of 36.1% per year.
  • Investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 10.4x.
Forecasted Growth
  • Analysts are most optimistic on the Financial Exchanges and Data industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 36% per year.
  • In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 7.9% 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
LSEG London Stock Exchange GroupUK£88.360.4%
+UK£184.0m		-2.8%PE30.3x
IGG IG Group HoldingsUK£13.781.6%
+UK£72.7m		24.8%PE9.2x
CMCX CMC MarketsUK£7.321.7%
+UK£32.4m		235.8%PE26.6x
PBEE PensionBee GroupUK£1.437.1%
+UK£22.7m		-10.9%PE32.8x
TCAP TP ICAP GroupUK£3.350.7%
+UK£16.1m		20.7%PE12.8x

Latest News

TCAP
UK£3.35
TP ICAP Group
7D
0.7%
1Y
20.7%
LSEG
UK£88.36
London Stock Exchange Group
7D
0.4%
1Y
-2.8%
CMCX
UK£7.32
CMC Markets
7D
1.7%
1Y
235.8%
QLT
UK£1.90
Quilter
7D
-2.0%
1Y
19.8%
HICL
UK£1.35
HICL Infrastructure
7D
-3.7%
1Y
15.0%
IGG
UK£13.78
IG Group Holdings
7D
1.6%
1Y
24.8%
Narrative Update • Aug 19

IGG: Future Upside Hinges On Buybacks And Interest Income Execution

The analyst price target for IG Group Holdings has been raised from £17.50 to £20.00. Analysts attribute this change to updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E.
STJ
UK£11.67
St. James's Place
7D
-1.4%
1Y
-4.4%
PBEE
UK£1.43
PensionBee Group
7D
7.1%
1Y
-10.9%
RCP
UK£25.00
RIT Capital Partners
7D
-2.9%
1Y
28.7%
BPT
UK£3.12
Bridgepoint Group
7D
-1.6%
1Y
-3.7%
Narrative Update • Aug 07

BPT: Higher Margin Outlook Will Support Stronger Future Equity Returns

Analysts now set their Bridgepoint Group price target at £5.60 compared with a prior fair value view of £4.80. The change reflects updated assumptions for a slightly lower discount rate, a modestly adjusted revenue growth outlook, higher forecast profit margins and a small change in future P/E expectations.
ICG
UK£19.47
ICG
7D
-3.5%
1Y
-8.8%
Narrative Update • Jul 31

ICG: Rising Dividend Stream Will Support Premium Future Earnings Multiple

Analysts have nudged the ICG price target higher to £24.20 from £24.00, reflecting updated views on fair value, revenue growth assumptions, a slightly adjusted discount rate and future P/E outlook, even as profit margin expectations are moderated. Analyst Commentary Recent research on ICG shows a slight upward reset in price targets, which reflects how bullish analysts currently frame the risk and reward trade off for the stock.
SDR
UK£5.84
Schroders
7D
0.09%
1Y
61.7%
III
UK£28.02
3i Group
7D
-3.5%
1Y
-27.9%
CLDN
UK£3.94
Caledonia Investments
7D
0.8%
1Y
7.7%
ASHM
UK£2.19
Ashmore Group
7D
-3.5%
1Y
25.7%
Narrative Update • Jul 06

ASHM: Higher Revenue Outlook And Richer P/E Will Temper Margin Concerns

Ashmore Group's analyst price target has been lifted to £1.50 from £1.45. Analysts attribute the change to updated assumptions for higher revenue growth expectations, a slightly adjusted discount rate, a lower projected profit margin, and a higher future P/E multiple.
OCI
UK£5.30
Oakley Capital Investments
7D
1.5%
1Y
-5.4%