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U.K. (FTSE) Construction Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies14
  • 7D-5.3%
  • 3M2.2%
  • 1Y50.4%
  • YTD3.4%

Over the last 7 days, the Construction industry has dropped 5.3%, driven by Balfour Beatty declining 6.2%. Meanwhile, Keller Group actually outperformed within the industry, gaining 5.5% in the last week. Over the past 12 months, the industry was up 50%. As for the next few years, earnings are expected to grow by 8.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Mar 2026UK£9.9bUK£26.1bUK£672.5m14.7x14.8x0.4x
Wed, 04 Feb 2026UK£10.2bUK£25.6bUK£638.3m15.4x15.9x0.4x
Fri, 02 Jan 2026UK£9.7bUK£25.6bUK£638.5m14x15.2x0.4x
Sun, 30 Nov 2025UK£9.7bUK£25.6bUK£639.1m14.7x15.2x0.4x
Tue, 28 Oct 2025UK£9.6bUK£25.6bUK£638.4m15.8x15.1x0.4x
Thu, 25 Sep 2025UK£8.8bUK£25.6bUK£640.6m14.1x13.7x0.3x
Sat, 23 Aug 2025UK£8.5bUK£25.6bUK£642.7m14.2x13.2x0.3x
Mon, 21 Jul 2025UK£8.6bUK£25.0bUK£637.8m14.9x13.5x0.3x
Wed, 18 Jun 2025UK£8.2bUK£25.0bUK£639.0m14.1x12.8x0.3x
Fri, 16 May 2025UK£7.7bUK£24.9bUK£635.9m13.3x12x0.3x
Sun, 13 Apr 2025UK£6.5bUK£24.9bUK£638.4m11.1x10.2x0.3x
Tue, 11 Mar 2025UK£6.6bUK£24.8bUK£688.1m10.5x9.6x0.3x
Thu, 06 Feb 2025UK£7.2bUK£24.5bUK£658.9m11.8x11x0.3x
Sat, 04 Jan 2025UK£7.7bUK£24.5bUK£650.9m11.9x11.8x0.3x
Mon, 02 Dec 2024UK£7.7bUK£24.6bUK£650.8m11.7x11.8x0.3x
Wed, 30 Oct 2024UK£7.8bUK£24.4bUK£666.6m11.8x11.8x0.3x
Fri, 27 Sep 2024UK£7.4bUK£24.2bUK£645.0m12x11.5x0.3x
Sun, 25 Aug 2024UK£7.3bUK£24.0bUK£635.7m16x11.5x0.3x
Tue, 23 Jul 2024UK£7.1bUK£23.7bUK£551.0m15.5x12.9x0.3x
Thu, 20 Jun 2024UK£6.5bUK£24.2bUK£563.0m12.4x11.5x0.3x
Sat, 18 May 2024UK£6.6bUK£24.2bUK£563.1m12.2x11.7x0.3x
Mon, 15 Apr 2024UK£6.0bUK£24.1bUK£549.8m10x10.9x0.2x
Wed, 13 Mar 2024UK£5.8bUK£23.9bUK£606.0m9.1x9.6x0.2x
Fri, 09 Feb 2024UK£5.5bUK£23.3bUK£600.2m10.9x9.2x0.2x
Sun, 07 Jan 2024UK£5.4bUK£23.3bUK£601.5m9.5x9x0.2x
Tue, 05 Dec 2023UK£5.3bUK£23.3bUK£598.9m9.1x8.9x0.2x
Thu, 02 Nov 2023UK£4.9bUK£23.3bUK£595.5m9.1x8.2x0.2x
Sat, 30 Sep 2023UK£5.2bUK£23.3bUK£595.6m9.4x8.8x0.2x
Mon, 28 Aug 2023UK£5.0bUK£23.0bUK£579.5m10.1x8.6x0.2x
Wed, 26 Jul 2023UK£5.3bUK£22.4bUK£604.7m13.4x8.8x0.2x
Fri, 23 Jun 2023UK£5.0bUK£22.4bUK£605.3m12.2x8.3x0.2x
Sun, 21 May 2023UK£5.4bUK£22.4bUK£578.1m12.4x9.3x0.2x
Tue, 18 Apr 2023UK£5.1bUK£22.3bUK£501.9m13.3x10.2x0.2x
Thu, 16 Mar 2023UK£4.9bUK£21.8bUK£399.1m12.4x12.4x0.2x
Price to Earnings Ratio

12.4x


Total Market Cap: UK£4.9bTotal Earnings: UK£399.1mTotal Revenue: UK£21.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Construction Industry Price to Earnings3Y Average 11.4x202420252026
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 14.8x which is higher than its 3-year average PE of 11.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.29x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 6.1% 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 Market-5.72%
Industrials-3.05%
Construction-5.33%
Construction and Engineering-5.33%
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
KLR Keller GroupUK£21.105.5%
+UK£75.8m		57.0%PE10.2x
GFRD Galliford Try HoldingsUK£5.440.9%
+UK£4.9m		47.0%PE14.6x
DIAL Diales GroupUK£0.260%
UK£13.5k		24.4%PE14.8x

Latest News

BBY
UK£7.09
Balfour Beatty
7D
-6.2%
1Y
64.7%

BBY: Raised Outlook And Execution Risks Will Likely Keep Shares Rangebound

Analysts have lifted their price target on Balfour Beatty to £7.55 from £6.40, reflecting updated assumptions around the discount rate, revenue growth, profit margin and forward P/E estimates. Analyst Commentary The latest price target change to £7.55 suggests that analysts see some support for Balfour Beatty at current levels.
MGNS
UK£44.95
Morgan Sindall Group
7D
-6.7%
1Y
51.1%

MGNS: Dividend Growth And Fit Out Upside Will Support Bullish View

Analysts have adjusted their fair value estimate for Morgan Sindall Group from £54.78 to £54.27, reflecting updated assumptions around revenue growth, profit margins and future P/E expectations. What's in the News Morgan Sindall Group has proposed a final dividend of 108.0 pence per share for FY 2024, compared with 90.0 pence per share previously.
GFRD
UK£5.44
Galliford Try Holdings
7D
0.9%
1Y
47.0%
COST
UK£1.74
Costain Group
7D
-5.7%
1Y
66.9%

COST: Index Inclusions And New Motorway Contract Will Support Re Rating

Analysts have raised their price target on Costain Group by £0.20 to reflect updated fair value assumptions, slightly higher projected revenue growth, modestly stronger profit margins, and a higher future P/E multiple. Analyst Commentary Recent Street research, including the latest £0.20 increase in the price target, gives a clearer view of how analysts are thinking about Costain Group’s valuation, execution and growth profile.
KIE
UK£2.16
Kier Group
7D
-8.3%
1Y
53.9%
KLR
UK£21.10
Keller Group
7D
5.5%
1Y
57.0%
DIAL
UK£0.26
Diales Group
7D
0%
1Y
24.4%
BILN
UK£3.85
Billington Holdings
7D
-1.9%
1Y
-16.3%
HERC
UK£0.48
Hercules
7D
-11.9%
1Y
-5.0%
SFR
UK£0.29
Severfield
7D
-1.7%
1Y
19.0%
RNWH
UK£9.13
Renew Holdings
7D
-1.3%
1Y
39.0%