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U.K. (FTSE) Construction Industry Analysis

UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies14
  • 7D2.6%
  • 3M14.1%
  • 1Y46.3%
  • YTD8.5%

In the last week, the Construction industry is up 2.6%, with Balfour Beatty up 4.1%. This means that the industry has gained 46% over the past year. Looking forward, earnings are forecast to grow by 8.0% annually.

Industry Valuation and Performance

Has the U.K. Construction Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Feb 2026UK£10.4bUK£25.6bUK£638.3m15.5x16.4x0.4x
Sat, 10 Jan 2026UK£10.0bUK£25.6bUK£638.5m14.6x15.6x0.4x
Mon, 08 Dec 2025UK£9.7bUK£25.6bUK£637.8m15x15.2x0.4x
Wed, 05 Nov 2025UK£9.4bUK£25.6bUK£638.4m15.3x14.7x0.4x
Fri, 03 Oct 2025UK£9.4bUK£25.6bUK£640.6m15.2x14.6x0.4x
Sun, 31 Aug 2025UK£8.4bUK£25.6bUK£642.7m13.7x13x0.3x
Tue, 29 Jul 2025UK£8.3bUK£24.9bUK£619.7m14.3x13.4x0.3x
Thu, 26 Jun 2025UK£8.2bUK£25.0bUK£639.0m13.8x12.8x0.3x
Sat, 24 May 2025UK£7.8bUK£25.0bUK£639.1m13.6x12.2x0.3x
Mon, 21 Apr 2025UK£6.8bUK£24.9bUK£636.3m11.8x10.8x0.3x
Wed, 19 Mar 2025UK£6.7bUK£24.9bUK£638.4m10.5x10.4x0.3x
Fri, 14 Feb 2025UK£7.3bUK£24.5bUK£658.9m11.6x11.1x0.3x
Sun, 12 Jan 2025UK£7.2bUK£24.5bUK£650.9m10.9x11.1x0.3x
Tue, 10 Dec 2024UK£7.7bUK£24.6bUK£651.0m12.1x11.9x0.3x
Thu, 07 Nov 2024UK£7.9bUK£24.4bUK£666.6m11.7x11.8x0.3x
Sat, 05 Oct 2024UK£7.4bUK£24.4bUK£666.7m10.7x11.1x0.3x
Mon, 02 Sep 2024UK£7.4bUK£24.0bUK£635.7m15.9x11.6x0.3x
Wed, 31 Jul 2024UK£7.1bUK£23.7bUK£551.7m16.2x12.9x0.3x
Fri, 28 Jun 2024UK£6.4bUK£23.7bUK£551.0m14.7x11.6x0.3x
Sun, 26 May 2024UK£6.6bUK£24.2bUK£563.1m12.2x11.8x0.3x
Tue, 23 Apr 2024UK£5.9bUK£24.1bUK£552.8m10.3x10.7x0.2x
Thu, 21 Mar 2024UK£6.0bUK£24.1bUK£550.0m10.1x10.9x0.2x
Sat, 17 Feb 2024UK£5.5bUK£23.3bUK£600.2m10.8x9.1x0.2x
Mon, 15 Jan 2024UK£5.5bUK£23.3bUK£601.5m9.6x9.2x0.2x
Wed, 13 Dec 2023UK£5.3bUK£23.3bUK£598.8m8.9x8.8x0.2x
Fri, 10 Nov 2023UK£5.1bUK£23.3bUK£595.6m9.3x8.5x0.2x
Sun, 08 Oct 2023UK£5.0bUK£23.3bUK£595.6m9x8.4x0.2x
Tue, 05 Sep 2023UK£5.1bUK£23.0bUK£579.6m10x8.8x0.2x
Thu, 03 Aug 2023UK£5.2bUK£22.6bUK£616.3m9.9x8.4x0.2x
Sat, 01 Jul 2023UK£5.0bUK£22.4bUK£605.3m11.8x8.3x0.2x
Mon, 29 May 2023UK£5.2bUK£22.4bUK£596.8m12.3x8.8x0.2x
Wed, 26 Apr 2023UK£5.2bUK£22.3bUK£501.4m13.5x10.4x0.2x
Fri, 24 Mar 2023UK£5.0bUK£22.3bUK£501.7m12.7x10.1x0.2x
Sun, 19 Feb 2023UK£5.2bUK£20.9bUK£412.2m13.7x12.6x0.2x
Price to Earnings Ratio

12.6x


Total Market Cap: UK£5.2bTotal Earnings: UK£412.2mTotal Revenue: UK£20.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Construction Industry Price to Earnings3Y Average 11.3x202420252026
Current Industry PE
  • Investors are optimistic on the British Construction industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 16.4x which is higher than its 3-year average PE of 11.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.28x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 7.0% 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 industry?

GB Market0.80%
Industrials0.34%
Construction2.64%
Construction and Engineering2.64%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BBY Balfour BeattyUK£7.544.1%
+UK£140.5m		61.9%PE20x
KLR Keller GroupUK£19.123.1%
+UK£40.0m		42.3%PE9.5x
KIE Kier GroupUK£2.373.0%
+UK£30.9m		57.0%PE18.6x
MGNS Morgan Sindall GroupUK£50.501.2%
+UK£28.1m		37.8%PE15.5x
COST Costain GroupUK£1.905.7%
+UK£27.2m		85.2%PE16.2x

Latest News

MGNS
UK£50.50
Morgan Sindall Group
7D
1.2%
1Y
37.8%
HERC
UK£0.54
Hercules
7D
8.0%
1Y
3.8%
SFR
UK£0.29
Severfield
7D
2.8%
1Y
-41.2%
GFRD
UK£5.34
Galliford Try Holdings
7D
0.8%
1Y
42.4%

GFRD: Revenue Guidance To Upper End Of Expectations Will Support Rerating

Analysts have trimmed their price target for Galliford Try Holdings, pointing to a slightly higher discount rate and modestly adjusted assumptions for revenue growth, profit margins and future P/E as the key drivers of the revised valuation in pound terms. What's in the News Galliford Try Holdings issued earnings guidance for the year ending 30 June 2026, giving investors clearer visibility on its medium term outlook (company guidance).
BBY
UK£7.54
Balfour Beatty
7D
4.1%
1Y
61.9%

BBY: Refreshed Forecasts And Contract Wins Will Support Measured Future Outlook

Analysts have lifted their price target on Balfour Beatty to £7.55 from £6.40, reflecting updated assumptions regarding the discount rate, revenue growth, profit margin and future P/E multiples. Analyst Commentary Recent research points to a more constructive tone around Balfour Beatty, with the new £7.55 price target signalling greater confidence in how current forecasts line up with valuation assumptions such as discount rate, revenue growth, profit margin and future P/E multiples.
COST
UK£1.90
Costain Group
7D
5.7%
1Y
85.2%

COST: Raised Expectations On Nuclear Framework Will Likely Expose Execution Risk

Narrative update on Costain Group Analysts have lifted their price targets on Costain Group, including a £0.20 increase cited in recent research. This reflects adjusted assumptions around discount rates, revenue growth, profit margins and future P/E expectations.
RNWH
UK£9.30
Renew Holdings
7D
-1.6%
1Y
30.3%
KIE
UK£2.37
Kier Group
7D
3.0%
1Y
57.0%

Do Kier Group's (LON:KIE) Earnings Warrant Your Attention?

Feb 05
Do Kier Group's (LON:KIE) Earnings Warrant Your Attention?
KLR
UK£19.12
Keller Group
7D
3.1%
1Y
42.3%

Little Excitement Around Keller Group plc's (LON:KLR) Earnings

Jan 28
Little Excitement Around Keller Group plc's (LON:KLR) Earnings