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U.K. (FTSE) Industrials Sector Analysis

UpdatedNov 23, 2025
DataAggregated Company Financials
Companies167
  • 7D-3.1%
  • 3M-4.8%
  • 1Y11.3%
  • YTD14.5%

Over the last 7 days, the Industrials industry has dropped 3.1%, driven by Rolls-Royce Holdings declining 6.1%. Over the past 12 months, the industry was up 11%. Looking forward, earnings are forecast to grow by 7.8% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Nov 2025UK£402.3bUK£275.5bUK£20.7b17.1x19.5x1.5x
Tue, 21 Oct 2025UK£427.6bUK£269.9bUK£20.3b17.6x21.1x1.6x
Thu, 18 Sep 2025UK£430.4bUK£271.1bUK£20.6b17.3x20.9x1.6x
Sat, 16 Aug 2025UK£422.7bUK£274.5bUK£19.8b17.1x21.4x1.5x
Mon, 14 Jul 2025UK£343.4bUK£258.0bUK£13.9b17.8x24.8x1.3x
Wed, 11 Jun 2025UK£337.1bUK£256.6bUK£13.8b17.1x24.5x1.3x
Fri, 09 May 2025UK£328.4bUK£267.2bUK£14.2b16x23.1x1.2x
Sun, 06 Apr 2025UK£297.1bUK£267.6bUK£14.9b14.5x20x1.1x
Tue, 04 Mar 2025UK£334.0bUK£267.7bUK£14.8b17.5x22.5x1.2x
Thu, 30 Jan 2025UK£331.0bUK£270.2bUK£15.1b17.6x21.9x1.2x
Sat, 28 Dec 2024UK£312.4bUK£269.8bUK£15.1b17.1x20.6x1.2x
Mon, 25 Nov 2024UK£327.9bUK£269.6bUK£15.4b16.9x21.3x1.2x
Wed, 23 Oct 2024UK£319.7bUK£261.2bUK£14.1b16.8x22.6x1.2x
Fri, 20 Sep 2024UK£323.8bUK£260.8bUK£14.0b17.9x23x1.2x
Sun, 18 Aug 2024UK£318.2bUK£262.1bUK£14.2b18.3x22.4x1.2x
Tue, 16 Jul 2024UK£326.2bUK£265.4bUK£14.7b17.8x22.1x1.2x
Thu, 13 Jun 2024UK£323.0bUK£265.7bUK£14.9b17.8x21.7x1.2x
Sat, 11 May 2024UK£325.0bUK£263.0bUK£13.8b17.2x23.5x1.2x
Mon, 08 Apr 2024UK£316.0bUK£263.7bUK£13.7b17.2x23x1.2x
Wed, 06 Mar 2024UK£311.0bUK£269.2bUK£14.0b15.4x22.3x1.2x
Fri, 02 Feb 2024UK£322.4bUK£284.9bUK£14.3b15.3x22.6x1.1x
Sun, 31 Dec 2023UK£320.4bUK£289.4bUK£14.5b15.8x22.1x1.1x
Tue, 28 Nov 2023UK£300.5bUK£287.7bUK£13.7b15.4x21.9x1x
Thu, 26 Oct 2023UK£280.8bUK£282.9bUK£13.2b13.9x21.3x1x
Sat, 23 Sep 2023UK£295.6bUK£282.4bUK£13.0b15.4x22.8x1x
Mon, 21 Aug 2023UK£286.3bUK£279.6bUK£12.6b14.8x22.8x1x
Wed, 19 Jul 2023UK£293.6bUK£272.1bUK£11.6b14.3x25.3x1.1x
Fri, 16 Jun 2023UK£301.4bUK£271.3bUK£11.7b14.4x25.8x1.1x
Sun, 14 May 2023UK£294.0bUK£269.0bUK£12.7b14.8x23.1x1.1x
Tue, 11 Apr 2023UK£290.9bUK£266.8bUK£12.1b15.2x24.1x1.1x
Thu, 09 Mar 2023UK£298.3bUK£262.6bUK£11.9b16.8x25.1x1.1x
Sat, 04 Feb 2023UK£291.5bUK£234.5bUK£11.3b17.8x25.9x1.2x
Mon, 02 Jan 2023UK£265.7bUK£232.5bUK£11.2b16.3x23.7x1.1x
Wed, 30 Nov 2022UK£269.9bUK£229.2bUK£10.8b16.8x25x1.2x
Price to Earnings Ratio

25x


Total Market Cap: UK£269.9bTotal Earnings: UK£10.8bTotal Revenue: UK£229.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Industrials Sector Price to Earnings3Y Average 22.8x202320242025
Current Industry PE
  • Investors are pessimistic on the British Industrials 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 19.5x which is lower than its 3-year average PE of 22.8x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 24% per year over the last three years.
  • Revenues for these companies have grown 6.3% 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. Industrials sector?

GB Market-1.68%
Industrials-3.07%
Marine and Shipping3.36%
Logistics0%0
Commercial Services-0.028%
Infrastructure-0.22%
Professional Services-0.50%
Trade Distributors-1.14%
Construction-1.16%
Airlines-1.27%
Machinery-2.99%
Industrials-3.42%
Building-4.78%
Electrical-4.80%
Aerospace & Defense-5.78%
Transportation-7.84%
Industry PE
  • Investors are most optimistic about the Commercial Services industry which is trading above its 3-year average PE ratio of 28.1x.
    • Analysts are expecting annual earnings growth of 21.9%, which is higher than its past year's earnings growth of 7.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electrical industry, expecting annual earnings growth of 37% over the next 5 years.
  • This is better than its past earnings growth rate of 18% per year.
  • In contrast, the Infrastructure industry is expected to see its earnings decline by 26% 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
DPLM DiplomaUK£53.651.7%
+UK£120.7m		20.1%PE38.9x
EXPN ExperianUK£33.530.3%
+UK£100.5m		-12.0%PE29.4x
JET2 Jet2UK£13.603.0%
+UK£79.6m		-10.1%PE6x
MHA MhaUK£1.7110.7%
+UK£44.7m		n/aPE8.2x
ROR RotorkUK£3.381.6%
+UK£43.1m		2.3%PE28.1x

Latest News

MHA
UK£1.71
Mha
7D
10.7%
1Y
n/a
SMIN
UK£23.98
Smiths Group
7D
-3.5%
1Y
37.5%

SMIN: Share Buyback And Improved Margins Will Influence Near-Term Performance

Smiths Group received an updated analyst price target of £28.20, up from £27.00. Analysts attribute this increase to improved profit margin forecasts and resilient valuation multiples, which support a higher fair value estimate.
DPLM
UK£53.65
Diploma
7D
1.7%
1Y
20.1%
JET2
UK£13.60
Jet2
7D
3.0%
1Y
-10.1%
REL
UK£31.05
RELX
7D
-0.7%
1Y
-16.6%

REL: Generative AI Will Drive Legal Market Gains Despite Increased Competition

Analysts have adjusted their price targets for RELX downward, with notable reductions such as from 4,475 GBp to 4,250 GBp. They cite ongoing benefits from generative AI adoption in legal markets, but caution that increased competition may constrain near-term valuation multiples. Analyst Commentary Recent notes from street research provide a mixed outlook on RELX, reflecting both ongoing optimism about the company’s market position and certain short-term headwinds that may affect its valuation.
IAG
UK£3.79
International Consolidated Airlines Group
7D
-2.1%
1Y
54.2%
BA.
UK£17.13
BAE Systems
7D
-5.2%
1Y
28.5%
ROR
UK£3.38
Rotork
7D
1.6%
1Y
2.3%
RR.
UK£10.38
Rolls-Royce Holdings
7D
-6.1%
1Y
90.2%

RR.: Shares Will Face Opportunities And Delays Amid Industry Recovery And New Engine Talks

Analysts have raised their fair value estimate for Rolls-Royce Holdings slightly to £11.93 per share. They cite improved long-term profit margins and ongoing operational turnaround as key factors supporting the higher price target.
ICGC
UK£5.17
Irish Continental Group
7D
4.7%
1Y
13.6%
WEIR
UK£27.12
Weir Group
7D
-3.6%
1Y
24.6%

WEIR: Margin Expansion Will Offset Recent Order Uncertainties Going Forward

Analysts have increased their price target for Weir Group to approximately £31 from £29, reflecting improved profit margin outlooks even though revenue growth expectations are more moderate. Analyst Commentary Recent analyst reports highlight both optimism and caution regarding Weir Group's financial prospects and share performance.
MRO
UK£5.70
Melrose Industries
7D
-8.2%
1Y
8.2%
EXPN
UK£33.53
Experian
7D
0.3%
1Y
-12.0%
RTO
UK£4.05
Rentokil Initial
7D
0.4%
1Y
-0.3%

RTO: Rising Revenue Expectations Will Drive Continued Share Price Momentum

Analysts have raised their price target for Rentokil Initial slightly, increasing it from $4.49 to $4.55. They cite expectations for stronger revenue growth despite only modest changes in profitability and valuation metrics.
AHT
UK£47.01
Ashtead Group
7D
-2.1%
1Y
-25.8%

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Nov 10
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CKN
UK£36.50
Clarkson
7D
3.1%
1Y
-7.2%

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Oct 25
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