Narrative Update • Jun 23

The Pharma industry is up 2.2% in the last week, with AstraZeneca up 6.9%. Meanwhile, Allergy Therapeutics actually underperformed within the industry, shrinking 6.4% in the last week. This takes the industry's 12 month performance to a gain of 29%. Earnings are forecast to grow by 10% annually.
Has the U.K. Pharma Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jun 2026 | UK£333.3b | UK£92.8b | UK£16.0b | 18.4x | 20.9x | 3.6x |
| Sun, 24 May 2026 | UK£328.4b | UK£91.9b | UK£15.8b | 18.3x | 20.8x | 3.6x |
| Tue, 21 Apr 2026 | UK£355.2b | UK£90.2b | UK£15.5b | 19x | 22.9x | 3.9x |
| Thu, 19 Mar 2026 | UK£339.8b | UK£91.0b | UK£15.7b | 21.1x | 21.6x | 3.7x |
| Sat, 14 Feb 2026 | UK£363.5b | UK£89.7b | UK£15.3b | 24.1x | 23.7x | 4.1x |
| Mon, 12 Jan 2026 | UK£334.6b | UK£89.6b | UK£14.6b | 21.5x | 22.9x | 3.7x |
| Wed, 10 Dec 2025 | UK£319.5b | UK£89.9b | UK£14.7b | 20.7x | 21.8x | 3.6x |
| Fri, 07 Nov 2025 | UK£308.1b | UK£89.4b | UK£14.0b | 21x | 22.1x | 3.4x |
| Sun, 05 Oct 2025 | UK£297.8b | UK£87.6b | UK£11.7b | 19.4x | 25.5x | 3.4x |
| Tue, 02 Sep 2025 | UK£280.5b | UK£87.3b | UK£11.7b | 21.2x | 24x | 3.2x |
| Thu, 31 Jul 2025 | UK£277.2b | UK£88.4b | UK£11.1b | 29.6x | 24.9x | 3.1x |
| Sat, 28 Jun 2025 | UK£256.1b | UK£85.8b | UK£10.5b | 25.8x | 24.3x | 3x |
| Mon, 26 May 2025 | UK£263.4b | UK£86.3b | UK£10.6b | 26.9x | 24.8x | 3.1x |
| Wed, 23 Apr 2025 | UK£253.5b | UK£86.3b | UK£9.6b | 27x | 26.5x | 2.9x |
| Fri, 21 Mar 2025 | UK£287.9b | UK£87.6b | UK£9.6b | 32.7x | 29.8x | 3.3x |
| Sun, 16 Feb 2025 | UK£282.8b | UK£88.9b | UK£9.5b | 30.6x | 29.9x | 3.2x |
| Tue, 14 Jan 2025 | UK£229.7b | UK£76.8b | UK£8.0b | 31.3x | 28.9x | 3x |
| Thu, 12 Dec 2024 | UK£225.6b | UK£74.7b | UK£7.7b | 32x | 29.3x | 3x |
| Sat, 09 Nov 2024 | UK£217.2b | UK£72.6b | UK£7.6b | 30.7x | 28.6x | 3x |
| Mon, 07 Oct 2024 | UK£249.3b | UK£72.1b | UK£9.0b | 30.3x | 27.7x | 3.5x |
| Wed, 04 Sep 2024 | UK£279.5b | UK£72.1b | UK£9.0b | 41.6x | 31.1x | 3.9x |
| Fri, 02 Aug 2024 | UK£263.9b | UK£73.2b | UK£9.1b | 38.4x | 29.1x | 3.6x |
| Sun, 30 Jun 2024 | UK£261.5b | UK£71.8b | UK£9.6b | 29.6x | 27.3x | 3.6x |
| Tue, 28 May 2024 | UK£270.8b | UK£71.4b | UK£9.6b | 32x | 28.4x | 3.8x |
| Thu, 25 Apr 2024 | UK£252.3b | UK£71.3b | UK£9.8b | 34x | 25.8x | 3.5x |
| Sat, 23 Mar 2024 | UK£240.4b | UK£70.9b | UK£9.8b | 31.3x | 24.6x | 3.4x |
| Mon, 19 Feb 2024 | UK£231.7b | UK£69.8b | UK£9.6b | 35.5x | 24.1x | 3.3x |
| Wed, 17 Jan 2024 | UK£241.2b | UK£69.1b | UK£10.7b | 36.5x | 22.6x | 3.5x |
| Fri, 15 Dec 2023 | UK£233.6b | UK£68.7b | UK£10.7b | 35.1x | 21.9x | 3.4x |
| Sun, 12 Nov 2023 | UK£224.7b | UK£70.4b | UK£10.9b | 53x | 20.7x | 3.2x |
| Tue, 10 Oct 2023 | UK£243.2b | UK£70.4b | UK£10.4b | 74.9x | 23.4x | 3.5x |
| Thu, 07 Sep 2023 | UK£234.6b | UK£69.7b | UK£10.2b | 53.5x | 22.9x | 3.4x |
| Sat, 05 Aug 2023 | UK£238.4b | UK£68.8b | UK£10.1b | 52.8x | 23.5x | 3.5x |
| Mon, 03 Jul 2023 | UK£244.6b | UK£67.8b | UK£7.9b | 55.1x | 31x | 3.6x |
31x
Which industries have driven the changes within the U.K. Healthcare industry?
| GB Market | 0.80% | |
| Healthcare | 5.40% | |
| Pharma | 5.67% | |
| Pharma | 5.67% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AZN AstraZeneca | UK£140.62 | 6.9% +UK£14.1b | 38.6% | PE27.7x | |
| GSK GSK | UK£19.84 | 3.1% +UK£2.4b | 42.2% | PE13.6x | |
| HLN Haleon | UK£3.48 | 4.3% +UK£1.2b | -7.8% | PE18.4x | |
| HIK Hikma Pharmaceuticals | UK£15.30 | 5.4% +UK£168.3m | -23.5% | PE10.7x | |
| HCM HUTCHMED (China) | UK£1.59 | 0.3% +UK£4.3m | -28.2% | PE3.9x |