Narrative Update • May 17

Over the last 7 days, the Transaction and Payment Processing Services industry has dropped 11%, driven by a pullback from Wise Group of 13%. However, the industry is down 11% over the past year. Earnings are forecast to grow by 14% annually.
Has the U.K. Transaction and Payment Processing Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 19 May 2026 | UK£11.1b | UK£4.3b | UK£438.6m | 21.7x | 25.4x | 2.6x |
| Thu, 16 Apr 2026 | UK£13.1b | UK£4.3b | UK£438.5m | 22.5x | 29.9x | 3x |
| Sat, 14 Mar 2026 | UK£10.9b | UK£4.3b | UK£447.0m | 22.3x | 24.4x | 2.6x |
| Mon, 09 Feb 2026 | UK£11.4b | UK£4.3b | UK£440.0m | 28.4x | 25.9x | 2.7x |
| Wed, 07 Jan 2026 | UK£11.0b | UK£4.3b | UK£440.1m | 25.9x | 25x | 2.6x |
| Fri, 05 Dec 2025 | UK£10.5b | UK£4.3b | UK£440.3m | 23.9x | 23.9x | 2.5x |
| Sun, 02 Nov 2025 | UK£12.0b | UK£4.2b | UK£473.3m | 24.6x | 25.3x | 2.8x |
| Tue, 30 Sep 2025 | UK£13.2b | UK£4.2b | UK£465.9m | 27x | 28.2x | 3.1x |
| Thu, 28 Aug 2025 | UK£13.0b | UK£4.1b | UK£458.9m | 25.8x | 28.3x | 3.1x |
| Sat, 26 Jul 2025 | UK£12.6b | UK£4.2b | UK£466.9m | 25x | 26.9x | 3x |
| Mon, 23 Jun 2025 | UK£12.7b | UK£4.1b | UK£466.8m | 25.4x | 27.1x | 3.1x |
| Wed, 21 May 2025 | UK£13.0b | UK£4.0b | UK£502.4m | 20.7x | 25.9x | 3.2x |
| Fri, 18 Apr 2025 | UK£11.5b | UK£4.1b | UK£504.0m | 17.4x | 22.9x | 2.8x |
| Sun, 16 Mar 2025 | UK£10.9b | UK£4.0b | UK£463.7m | 14.5x | 23.6x | 2.7x |
| Tue, 11 Feb 2025 | UK£13.0b | UK£4.0b | UK£468.8m | 16.2x | 27.6x | 3.3x |
| Thu, 09 Jan 2025 | UK£13.4b | UK£4.0b | UK£468.7m | 16.6x | 28.7x | 3.4x |
| Sat, 07 Dec 2024 | UK£11.7b | UK£4.0b | UK£468.7m | 17x | 24.9x | 2.9x |
| Mon, 04 Nov 2024 | UK£9.5b | UK£3.8b | UK£387.0m | 18x | 24.5x | 2.5x |
| Wed, 02 Oct 2024 | UK£8.8b | UK£3.8b | UK£388.3m | 16.4x | 22.6x | 2.3x |
| Fri, 30 Aug 2024 | UK£11.3b | UK£4.1b | UK£444.5m | 20.3x | 25.5x | 2.8x |
| Sun, 28 Jul 2024 | UK£11.5b | UK£4.1b | UK£445.7m | 20.9x | 25.7x | 2.8x |
| Tue, 25 Jun 2024 | UK£11.2b | UK£4.1b | UK£446.5m | 19.8x | 25.1x | 2.7x |
| Thu, 23 May 2024 | UK£12.4b | UK£3.8b | UK£303.6m | 24.4x | 40.8x | 3.3x |
| Sat, 20 Apr 2024 | UK£12.3b | UK£3.8b | UK£300.0m | 31.5x | 41.2x | 3.2x |
| Mon, 18 Mar 2024 | UK£13.4b | UK£3.9b | UK£369.1m | 31.8x | 36.4x | 3.5x |
| Wed, 14 Feb 2024 | UK£12.5b | UK£3.9b | UK£364.1m | 31.6x | 34.3x | 3.2x |
| Fri, 12 Jan 2024 | UK£13.1b | UK£3.9b | UK£359.5m | 32.3x | 36.5x | 3.4x |
| Sun, 10 Dec 2023 | UK£12.1b | UK£3.9b | UK£360.6m | 31.7x | 33.7x | 3.1x |
| Tue, 07 Nov 2023 | UK£10.8b | UK£3.7b | UK£263.6m | 31.4x | 41.1x | 3x |
| Thu, 05 Oct 2023 | UK£11.2b | UK£3.7b | UK£266.6m | 30.6x | 41.9x | 3.1x |
| Sat, 02 Sep 2023 | UK£11.0b | UK£3.7b | UK£275.3m | 31.6x | 40x | 3x |
| Mon, 31 Jul 2023 | UK£12.4b | UK£3.7b | UK£274.5m | 33.2x | 45.3x | 3.4x |
| Wed, 28 Jun 2023 | UK£9.0b | UK£3.4b | UK£179.1m | 37.4x | 50.5x | 2.7x |
| Fri, 26 May 2023 | UK£9.2b | UK£3.4b | UK£181.3m | 38.9x | 51x | 2.7x |
51x
How does U.K. Transaction and Payment Processing Services compare with similar industries?
| GB Market | -0.13% | |
| Financials | -0.70% | |
| Diversified Financial | -6.02% | |
| Transaction and Payment Processing Services | -12.12% | |
| Other Diversified Financial Services | 0.92% | |
| Multi-Sector Holdings | 0% | 0 |
| Specialized Finance | -0.88% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EWG W.A.G payment solutions | UK£1.06 | 1.5% +UK£11.1m | 62.6% | PE412.4x | |
| FNX Fonix | UK£1.59 | 0.3% +UK£494.4k | -29.4% | PE14x |