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U.K. (FTSE) Financials Sector Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies198
  • 7D3.1%
  • 3M-1.2%
  • 1Y23.0%
  • YTD-1.7%

Over the last 7 days, the Financials industry has risen 3.1%, driven by gains from HSBC Holdings of 6.3%. This means that the industry has gained 23% over the past year. Earnings are forecast to grow by 9.6% annually.

Sector Valuation and Performance

Has the U.K. Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026UK£683.3bUK£311.2bUK£61.8b12x11.1x2.2x
Sun, 01 Mar 2026UK£738.1bUK£289.1bUK£59.7b13x12.4x2.6x
Tue, 27 Jan 2026UK£711.2bUK£267.4bUK£54.0b13.6x13.2x2.7x
Thu, 25 Dec 2025UK£701.8bUK£271.0bUK£55.2b12.5x12.7x2.6x
Sat, 22 Nov 2025UK£632.2bUK£271.7bUK£55.3b12.4x11.4x2.3x
Mon, 20 Oct 2025UK£615.5bUK£264.0bUK£54.2b12.1x11.3x2.3x
Wed, 17 Sep 2025UK£622.3bUK£262.9bUK£53.9b12x11.5x2.4x
Fri, 15 Aug 2025UK£628.8bUK£265.9bUK£52.4b12.4x12x2.4x
Sun, 13 Jul 2025UK£605.2bUK£272.4bUK£51.9b11.9x11.7x2.2x
Tue, 10 Jun 2025UK£603.4bUK£277.1bUK£52.0b12x11.6x2.2x
Thu, 08 May 2025UK£575.7bUK£278.2bUK£50.3b11.2x11.5x2.1x
Sat, 05 Apr 2025UK£517.4bUK£282.2bUK£52.9b10x9.8x1.8x
Mon, 03 Mar 2025UK£617.8bUK£300.4bUK£54.2b10.6x11.4x2.1x
Wed, 29 Jan 2025UK£568.5bUK£298.7bUK£54.1b10.7x10.5x1.9x
Fri, 27 Dec 2024UK£540.0bUK£297.9bUK£53.8b10.9x10x1.8x
Sun, 24 Nov 2024UK£524.8bUK£298.2bUK£54.2b10.5x9.7x1.8x
Tue, 22 Oct 2024UK£478.4bUK£269.9bUK£47.0b11.6x10.2x1.8x
Thu, 19 Sep 2024UK£466.4bUK£270.1bUK£46.8b11.2x10x1.7x
Sat, 17 Aug 2024UK£472.1bUK£266.7bUK£48.3b11.8x9.8x1.8x
Mon, 15 Jul 2024UK£456.8bUK£239.7bUK£46.7b12x9.8x1.9x
Wed, 12 Jun 2024UK£446.8bUK£240.9bUK£46.9b12.6x9.5x1.9x
Fri, 10 May 2024UK£455.3bUK£242.2bUK£47.7b12.7x9.6x1.9x
Sun, 07 Apr 2024UK£467.0bUK£265.6bUK£53.1b11.9x8.8x1.8x
Tue, 05 Mar 2024UK£419.8bUK£205.2bUK£50.6b12.7x8.3x2x
Thu, 01 Feb 2024UK£394.3bUK£188.4bUK£51.4b12.9x7.7x2.1x
Sat, 30 Dec 2023UK£406.1bUK£187.8bUK£51.3b13.4x7.9x2.2x
Mon, 27 Nov 2023UK£386.3bUK£188.6bUK£51.7b12.4x7.5x2x
Wed, 25 Oct 2023UK£378.4bUK£183.6bUK£48.6b11.4x7.8x2.1x
Fri, 22 Sep 2023UK£396.2bUK£182.9bUK£48.0b12.7x8.3x2.2x
Sun, 20 Aug 2023UK£375.0bUK£179.1bUK£47.4b12.7x7.9x2.1x
Tue, 18 Jul 2023UK£404.8bUK£179.1bUK£50.6b12.2x8x2.3x
Thu, 15 Jun 2023UK£418.0bUK£178.3bUK£51.2b13.2x8.2x2.3x
Sat, 13 May 2023UK£412.7bUK£181.4bUK£51.3b12.9x8.1x2.3x
Mon, 10 Apr 2023UK£398.6bUK£171.3bUK£42.6b13x9.3x2.3x
Price to Earnings Ratio

9.3x


Total Market Cap: UK£398.6bTotal Earnings: UK£42.6bTotal Revenue: UK£171.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Financials Sector Price to Earnings3Y Average 9.9x202420252026
Current Industry PE
  • Investors are optimistic on the British Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 11.1x which is higher than its 3-year average PE of 9.9x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 22% 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 sector?

GB Market2.42%
Financials3.13%
Banks4.82%
Consumer Finance2.01%
Diversified Financial0.74%
Capital Markets0.38%
Insurance0.015%
Mortgage Finance0%0
Industry PE
  • Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 12.1x.
    • Analysts are expecting annual earnings growth of 7.9%, which is higher than its past year's earnings growth of 5.4% per year.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 8.2x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 20% over the next 5 years.
  • However this is lower than its past earnings growth rate of 63% per year.
  • In contrast, the Insurance 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
HSBA HSBC HoldingsUK£12.736.3%
+UK£12.9b		58.2%PB1.5x
III 3i GroupUK£26.2914.4%
+UK£3.4b		-29.3%PE4.3x
LLOY Lloyds Banking GroupUK£0.986.1%
+UK£3.3b		40.5%PB1.2x
NWG NatWest GroupUK£5.757.6%
+UK£3.2b		27.2%PB1.1x
BARC BarclaysUK£4.096.0%
+UK£3.0b		50.9%PB0.7x

Latest News

LSEG
UK£89.20
London Stock Exchange Group
7D
6.8%
1Y
-24.5%
LLOY
UK£0.98
Lloyds Banking Group
7D
6.1%
1Y
40.5%
BARC
UK£4.09
Barclays
7D
6.0%
1Y
50.9%

BARC: Future Income Guidance And Buybacks Will Support Higher Share Price

Analysts have trimmed their Barclays price target slightly to £5.90. This reflects updated assumptions on revenue growth, profit margins and future P/E that are now broadly in line with previous fair value estimates.
III
UK£26.29
3i Group
7D
14.4%
1Y
-29.3%
OSB
UK£5.13
OSB Group
7D
-2.7%
1Y
21.3%

OSB: Lower Discount Rate And Dividend Policy Will Support Constructive Stance

OSB Group's updated analyst price target reflects a recalibration to £6.83 from £6.97, with analysts pointing to refreshed views on fair value, discount rate and earnings assumptions following mixed recent research that included a target lift to £7.30 and a downgrade from another firm. Analyst Commentary Recent research on OSB Group highlights a split in views, with some analysts lifting price targets while others are more cautious on the shares.
AV.
UK£6.21
Aviva
7D
5.1%
1Y
12.0%
RCP
UK£21.00
RIT Capital Partners
7D
-1.2%
1Y
13.1%
PINT
UK£1.06
Pantheon Infrastructure
7D
-4.1%
1Y
12.3%
STAN
UK£15.91
Standard Chartered
7D
2.3%
1Y
59.2%

STAN: Future Returns Will Rely On Crypto Brokerage Expansion And Capital Return Discipline

Analysts have made a modest upward adjustment to the fair value estimate for Standard Chartered to £19.25 from £18.94, reflecting updated assumptions on revenue growth, profit margins and future P/E multiples, alongside mixed but generally supportive price target changes from JPMorgan, Morgan Stanley and Citi. Analyst Commentary Recent research updates present a mixed but generally constructive picture, with several price target revisions clustering around the current fair value estimate and reinforcing a relatively tight valuation range for Standard Chartered.
ORIT
UK£0.53
Octopus Renewables Infrastructure Trust
7D
-7.0%
1Y
-15.9%
HSBA
UK£12.73
HSBC Holdings
7D
6.3%
1Y
58.2%
PLUS
UK£41.36
Plus500
7D
-1.7%
1Y
48.0%

PLUS: US Prediction Markets Entry Will Drive Stronger Long Term Outlook

Analysts have raised their price target for Plus500 from £45.65 to £46.82, citing updated assumptions around discount rates, profit margins and future P/E that partially offset a softer revenue growth outlook. What's in the News Plus500 has entered the US retail prediction markets segment through event based contracts on its US B2C trading platform, Plus500 Futures, using products from Kalshi, a CFTC regulated event based contracts exchange (Key Developments).
SAGA
UK£4.87
Saga
7D
-3.9%
1Y
289.8%
NWG
UK£5.75
NatWest Group
7D
7.6%
1Y
27.2%

NWG: Evelyn Deal And Capital Returns Will Drive Future Share Upside

Analysts have nudged their fair value estimate for NatWest Group higher to £7.24 per share from £7.11, citing recent price target increases in the range of £6.70 to £8.40 and updated earnings estimates following the Evelyn Partners acquisition. Analyst Commentary Recent research points to a mixed but constructive view on NatWest Group, with several firms updating ratings and price targets around the time of the Evelyn Partners acquisition and the share price move that followed.
FGEN
UK£0.67
Foresight Environmental Infrastructure
7D
-8.3%
1Y
-4.4%
CGL
UK£0.89
Castelnau Group
7D
-4.8%
1Y
0.6%