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U.K. (FTSE) Construction Industry Analysis

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies14
  • 7D2.6%
  • 3M6.4%
  • 1Y38.4%
  • YTD10.3%

In the last week, the Construction industry is up 2.6%, with Balfour Beatty up 4.6%. This means that the industry has gained 38% over the past year. Earnings are forecast to grow by 7.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jun 2026UK£10.6bUK£26.7bUK£752.7m14.5x14x0.4x
Thu, 07 May 2026UK£11.0bUK£26.6bUK£753.8m15.2x14.5x0.4x
Sat, 04 Apr 2026UK£9.9bUK£26.6bUK£758.5m12.9x13.1x0.4x
Mon, 02 Mar 2026UK£10.5bUK£25.9bUK£661.9m15.3x15.9x0.4x
Wed, 28 Jan 2026UK£10.1bUK£25.6bUK£638.3m15.2x15.7x0.4x
Fri, 26 Dec 2025UK£9.7bUK£25.6bUK£638.5m13.9x15.2x0.4x
Sun, 23 Nov 2025UK£9.0bUK£25.6bUK£638.4m14.6x14.2x0.4x
Tue, 21 Oct 2025UK£9.4bUK£25.6bUK£638.4m15.5x14.8x0.4x
Thu, 18 Sep 2025UK£8.7bUK£25.6bUK£640.6m13.9x13.6x0.3x
Sat, 16 Aug 2025UK£8.6bUK£25.7bUK£642.0m14.3x13.3x0.3x
Mon, 14 Jul 2025UK£8.4bUK£25.0bUK£637.8m14.4x13.2x0.3x
Wed, 11 Jun 2025UK£7.8bUK£25.0bUK£639.0m13.7x12.2x0.3x
Fri, 09 May 2025UK£7.6bUK£24.9bUK£636.3m13.4x12x0.3x
Sun, 06 Apr 2025UK£6.3bUK£24.9bUK£638.4m10.7x9.9x0.3x
Tue, 04 Mar 2025UK£6.9bUK£24.7bUK£666.6m11.2x10.4x0.3x
Thu, 30 Jan 2025UK£7.2bUK£24.5bUK£659.2m11.5x11x0.3x
Sat, 28 Dec 2024UK£7.6bUK£24.5bUK£651.0m12x11.7x0.3x
Mon, 25 Nov 2024UK£7.8bUK£24.5bUK£668.1m11.7x11.6x0.3x
Wed, 23 Oct 2024UK£8.0bUK£24.4bUK£666.6m11.9x12x0.3x
Fri, 20 Sep 2024UK£7.4bUK£24.2bUK£645.0m12.1x11.5x0.3x
Sun, 18 Aug 2024UK£7.3bUK£24.0bUK£627.3m16.1x11.6x0.3x
Tue, 16 Jul 2024UK£7.0bUK£23.7bUK£551.0m15.6x12.6x0.3x
Thu, 13 Jun 2024UK£6.4bUK£24.2bUK£562.9m12.4x11.3x0.3x
Sat, 11 May 2024UK£6.4bUK£24.1bUK£562.8m11.9x11.4x0.3x
Mon, 08 Apr 2024UK£5.9bUK£24.1bUK£549.9m9.9x10.8x0.2x
Wed, 06 Mar 2024UK£5.7bUK£23.5bUK£682.3m8.7x8.3x0.2x
Fri, 02 Feb 2024UK£5.6bUK£23.3bUK£600.3m10.9x9.3x0.2x
Sun, 31 Dec 2023UK£5.5bUK£23.3bUK£601.5m9.9x9.1x0.2x
Tue, 28 Nov 2023UK£5.2bUK£23.3bUK£594.1m9.3x8.8x0.2x
Thu, 26 Oct 2023UK£4.8bUK£23.3bUK£595.5m9.1x8.1x0.2x
Sat, 23 Sep 2023UK£5.3bUK£23.3bUK£595.6m9.5x8.9x0.2x
Mon, 21 Aug 2023UK£5.0bUK£23.0bUK£583.6m10x8.5x0.2x
Wed, 19 Jul 2023UK£5.1bUK£22.4bUK£604.9m11.7x8.5x0.2x
Fri, 16 Jun 2023UK£5.1bUK£22.4bUK£598.1m12.5x8.6x0.2x
Price to Earnings Ratio

8.6x


Total Market Cap: UK£5.1bTotal Earnings: UK£598.1mTotal Revenue: UK£22.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Construction Industry Price to Earnings3Y Average 11.7x202420252026
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 14.0x which is higher than its 3-year average PE of 11.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.30x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 8.0% per year over the last three years.
  • Revenues for these companies have grown 6.0% 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 Market-0.021%
Industrials0.35%
Construction2.65%
Construction and Engineering2.65%
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£8.214.6%
+UK£172.7m		64.8%PE15x
KLR Keller GroupUK£24.644.1%
+UK£67.4m		63.0%PE11.9x
MGNS Morgan Sindall GroupUK£44.562.1%
+UK£42.0m		17.9%PE11.9x
COST Costain GroupUK£1.931.5%
+UK£7.5m		55.1%PE13.8x
GFRD Galliford Try HoldingsUK£5.120.2%
+UK£972.6k		25.0%PE13.7x

Latest News

KIE
UK£2.00
Kier Group
7D
-0.7%
1Y
18.5%
Narrative Update • Jun 07

KIE: Neutral Fusion Contract Delivery Will Shape Execution Risk And Future Returns

Analysts have maintained the fair value estimate for Kier Group at £2.15, making only minor adjustments to growth, margin and future P/E assumptions following new neutral coverage from major banks. Taken together, these changes suggest a more finely balanced risk-reward profile rather than a significant change in the price target.
MGNS
UK£44.56
Morgan Sindall Group
7D
2.1%
1Y
17.9%
GFRD
UK£5.12
Galliford Try Holdings
7D
0.2%
1Y
25.0%
Narrative Update • Jun 06

GFRD: Affordable Housing Framework Wins And Buyback Will Support Future Rerating

Analysts have maintained their £6.52 price target on Galliford Try Holdings, citing only minor adjustments in discount rate, revenue growth, profit margin and future P/E assumptions, rather than any change in the core outlook. What's in the News Completed share buyback of 1,957,703 shares, representing 1.97% of issued share capital, for £10 million under the programme announced on 17 September 2025, including 623,405 shares repurchased between 1 January 2026 and 22 April 2026 for £3.2 million.
BBY
UK£8.21
Balfour Beatty
7D
4.6%
1Y
64.8%
Narrative Update • Jun 06

BBY: Rising Dividend And 2026 Guidance Will Support Measured Future Upside

The analyst price target for Balfour Beatty has moved higher to reflect Street targets clustered in the £7.70 to £8.70 range, with analysts pointing to slightly adjusted discount rate, revenue growth and P/E assumptions in their updated models. Analyst Commentary Recent Street research around Balfour Beatty has tilted more positive, with several bullish analysts lifting their price targets into the upper end of the current £7.70 to £8.70 range and highlighting the stock's risk reward as more attractive following updated assumptions.
COST
UK£1.93
Costain Group
7D
1.5%
1Y
55.1%
Narrative Update • Jun 03

COST: Infrastructure Pipeline And Capital Returns Will Support Stronger Long Term Earnings Profile

Narrative Update on Costain Group The analyst price target for Costain Group has been lifted in line with recent Street moves, including Deutsche Bank's increase to £1.80 and Berenberg's raise to £2.40. Analysts point to updated assumptions for fair value, revenue growth, profit margins and future P/E as the key drivers.
RNWH
UK£8.67
Renew Holdings
7D
-1.0%
1Y
5.0%
BILN
UK£4.05
Billington Holdings
7D
-1.8%
1Y
-2.4%
KLR
UK£24.64
Keller Group
7D
4.1%
1Y
63.0%
Narrative Update • May 26

KLR: Higher Capital Returns And Revised P E Assumptions Will Support Fair Value

Analysts have raised Keller Group's price target to £22.00 from £16.60, citing updated fair value and P/E assumptions that they believe are more closely aligned with the stock's current valuation. Analyst Commentary Recent research highlights a mix of optimism and caution around Keller Group, with updated price targets reflecting revised fair value and P/E assumptions rather than a clear consensus in one direction.
SFR
UK£0.26
Severfield
7D
-4.9%
1Y
-27.7%