Narrative Update • Jun 11

Last week, the Pharma industry hasn't moved much but GSK is up 3.2% in that time. The past year has been better, since the industry has gained 17% in that time. As for the next few years, earnings are expected to grow by 10% per annum.
Has the U.K. Pharma Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 12 Jun 2026 | UK£324.1b | UK£92.0b | UK£15.8b | 17.8x | 20.5x | 3.5x |
| Sun, 10 May 2026 | UK£315.7b | UK£91.3b | UK£15.7b | 17.6x | 20.1x | 3.5x |
| Tue, 07 Apr 2026 | UK£362.2b | UK£91.4b | UK£15.7b | 20x | 23x | 4x |
| Thu, 05 Mar 2026 | UK£358.1b | UK£90.8b | UK£15.7b | 21.6x | 22.9x | 3.9x |
| Sat, 31 Jan 2026 | UK£325.6b | UK£88.5b | UK£14.5b | 23.7x | 22.5x | 3.7x |
| Mon, 29 Dec 2025 | UK£323.1b | UK£89.2b | UK£14.6b | 21.8x | 22.2x | 3.6x |
| Wed, 26 Nov 2025 | UK£329.9b | UK£90.4b | UK£14.8b | 21.9x | 22.3x | 3.6x |
| Fri, 24 Oct 2025 | UK£297.5b | UK£88.1b | UK£11.8b | 20.6x | 25.3x | 3.4x |
| Sun, 21 Sep 2025 | UK£271.9b | UK£87.6b | UK£11.7b | 18.7x | 23.2x | 3.1x |
| Tue, 19 Aug 2025 | UK£278.7b | UK£87.5b | UK£11.7b | 21.7x | 23.8x | 3.2x |
| Thu, 17 Jul 2025 | UK£258.5b | UK£86.7b | UK£10.7b | 25.8x | 24.3x | 3x |
| Sat, 14 Jun 2025 | UK£274.4b | UK£86.2b | UK£10.6b | 27.2x | 25.9x | 3.2x |
| Mon, 12 May 2025 | UK£258.4b | UK£87.2b | UK£10.7b | 26.3x | 24.2x | 3x |
| Wed, 09 Apr 2025 | UK£255.1b | UK£88.2b | UK£9.8b | 29.2x | 26x | 2.9x |
| Fri, 07 Mar 2025 | UK£291.4b | UK£87.9b | UK£9.6b | 29.1x | 30.3x | 3.3x |
| Sun, 02 Feb 2025 | UK£241.2b | UK£75.9b | UK£7.8b | 33.6x | 30.7x | 3.2x |
| Tue, 31 Dec 2024 | UK£223.1b | UK£75.5b | UK£7.8b | 31.1x | 28.6x | 3x |
| Thu, 28 Nov 2024 | UK£225.8b | UK£75.0b | UK£7.7b | 31.9x | 29.2x | 3x |
| Sat, 26 Oct 2024 | UK£247.0b | UK£72.5b | UK£9.1b | 29.9x | 27.2x | 3.4x |
| Mon, 23 Sep 2024 | UK£252.7b | UK£71.5b | UK£8.9b | 37.8x | 28.3x | 3.5x |
| Wed, 21 Aug 2024 | UK£275.9b | UK£72.3b | UK£9.0b | 41.1x | 30.6x | 3.8x |
| Fri, 19 Jul 2024 | UK£258.0b | UK£70.8b | UK£9.5b | 35.5x | 27.3x | 3.6x |
| Sun, 16 Jun 2024 | UK£267.2b | UK£71.6b | UK£9.6b | 31.5x | 27.9x | 3.7x |
| Tue, 14 May 2024 | UK£273.1b | UK£72.0b | UK£9.6b | 37.2x | 28.4x | 3.8x |
| Thu, 11 Apr 2024 | UK£242.0b | UK£71.1b | UK£9.7b | 32.5x | 24.8x | 3.4x |
| Sat, 09 Mar 2024 | UK£235.2b | UK£70.1b | UK£9.7b | 31x | 24.3x | 3.4x |
| Mon, 05 Feb 2024 | UK£237.0b | UK£69.8b | UK£9.5b | 35.2x | 24.8x | 3.4x |
| Wed, 03 Jan 2024 | UK£239.1b | UK£69.1b | UK£10.7b | 35.8x | 22.3x | 3.5x |
| Fri, 01 Dec 2023 | UK£226.1b | UK£69.1b | UK£10.7b | 33.6x | 21.1x | 3.3x |
| Sun, 29 Oct 2023 | UK£229.1b | UK£70.8b | UK£10.4b | 54x | 22.1x | 3.2x |
| Tue, 26 Sep 2023 | UK£250.4b | UK£70.6b | UK£10.4b | 55.8x | 24.2x | 3.5x |
| Thu, 24 Aug 2023 | UK£236.5b | UK£69.0b | UK£10.2b | 53.5x | 23.3x | 3.4x |
| Sat, 22 Jul 2023 | UK£237.3b | UK£67.4b | UK£7.8b | 52x | 30.3x | 3.5x |
| Mon, 19 Jun 2023 | UK£251.8b | UK£67.4b | UK£7.9b | 55.5x | 32x | 3.7x |
32x
Which industries have driven the changes within the U.K. Healthcare industry?
| GB Market | -0.78% | |
| Healthcare | 0.79% | |
| Pharma | 0.97% | |
| Pharma | 0.97% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GSK GSK | UK£19.63 | 3.2% +UK£2.4b | 26.7% | PE13.4x | |
| AZN AstraZeneca | UK£135.78 | 0.2% +UK£372.2m | 23.1% | PE27.2x | |
| HLN Haleon | UK£3.34 | 1.3% +UK£372.1m | -16.5% | PE17.8x | |
| HIK Hikma Pharmaceuticals | UK£14.82 | 1.5% +UK£46.9m | -30.9% | PE10.5x | |
| STX Shield Therapeutics | UK£0.062 | 6.9% +UK£4.3m | 148.0% | PS1.8x |