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U.K. (FTSE) Construction Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies14
  • 7D0.4%
  • 3M3.0%
  • 1Y35.7%
  • YTD9.5%

Last week, the Construction industry hasn't moved much but Keller Group is up 5.5% in that time. The past year has been better, since the industry has gained 36% in that time. 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
Thu, 11 Jun 2026UK£10.5bUK£26.7bUK£752.9m14.3x13.9x0.4x
Sat, 09 May 2026UK£11.0bUK£26.6bUK£753.8m15.2x14.6x0.4x
Mon, 06 Apr 2026UK£9.9bUK£26.6bUK£758.5m12.9x13.1x0.4x
Wed, 04 Mar 2026UK£10.2bUK£25.9bUK£661.9m14.6x15.4x0.4x
Fri, 30 Jan 2026UK£10.0bUK£25.6bUK£638.3m15x15.6x0.4x
Sun, 28 Dec 2025UK£9.7bUK£25.6bUK£638.5m13.9x15.2x0.4x
Tue, 25 Nov 2025UK£9.2bUK£25.6bUK£641.9m14x14.3x0.4x
Thu, 23 Oct 2025UK£9.4bUK£25.6bUK£638.4m15.5x14.8x0.4x
Sat, 20 Sep 2025UK£8.8bUK£25.6bUK£640.6m14.1x13.7x0.3x
Mon, 18 Aug 2025UK£8.6bUK£25.7bUK£642.0m14.3x13.3x0.3x
Wed, 16 Jul 2025UK£8.4bUK£25.0bUK£637.8m14.6x13.2x0.3x
Fri, 13 Jun 2025UK£7.9bUK£25.0bUK£638.8m13.8x12.4x0.3x
Sun, 11 May 2025UK£7.6bUK£24.9bUK£636.3m13.3x11.9x0.3x
Tue, 08 Apr 2025UK£6.2bUK£24.9bUK£638.4m10.5x9.7x0.2x
Thu, 06 Mar 2025UK£6.8bUK£24.6bUK£683.3m11x9.9x0.3x
Sat, 01 Feb 2025UK£7.3bUK£24.5bUK£658.9m11.8x11.1x0.3x
Mon, 30 Dec 2024UK£7.7bUK£24.5bUK£651.0m12x11.8x0.3x
Wed, 27 Nov 2024UK£7.6bUK£24.5bUK£668.1m10.5x11.4x0.3x
Fri, 25 Oct 2024UK£8.0bUK£24.4bUK£666.6m11.4x12x0.3x
Sun, 22 Sep 2024UK£7.3bUK£24.2bUK£645.0m11.9x11.4x0.3x
Tue, 20 Aug 2024UK£7.3bUK£24.0bUK£627.3m15.9x11.7x0.3x
Thu, 18 Jul 2024UK£7.0bUK£23.7bUK£551.0m16x12.7x0.3x
Sat, 15 Jun 2024UK£6.3bUK£24.2bUK£563.0m12.4x11.2x0.3x
Mon, 13 May 2024UK£6.4bUK£24.1bUK£562.8m11.9x11.4x0.3x
Wed, 10 Apr 2024UK£6.0bUK£24.1bUK£550.0m9.9x10.8x0.2x
Fri, 08 Mar 2024UK£5.8bUK£23.9bUK£606.0m9.2x9.6x0.2x
Sun, 04 Feb 2024UK£5.6bUK£23.3bUK£600.3m11x9.3x0.2x
Tue, 02 Jan 2024UK£5.5bUK£23.3bUK£601.5m9.9x9.1x0.2x
Thu, 30 Nov 2023UK£5.3bUK£23.3bUK£598.1m9.6x8.9x0.2x
Sat, 28 Oct 2023UK£4.8bUK£23.3bUK£595.5m8.9x8.1x0.2x
Mon, 25 Sep 2023UK£5.3bUK£23.3bUK£595.6m9.5x8.9x0.2x
Wed, 23 Aug 2023UK£5.0bUK£23.0bUK£583.6m10x8.5x0.2x
Fri, 21 Jul 2023UK£5.3bUK£22.4bUK£604.7m13.5x8.8x0.2x
Sun, 18 Jun 2023UK£5.1bUK£22.4bUK£605.4m12.2x8.4x0.2x
Price to Earnings Ratio

8.4x


Total Market Cap: UK£5.1bTotal Earnings: UK£605.4mTotal 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 13.9x 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 7.5% per year over the last three years.
  • Revenues for these companies have grown 5.9% 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-1.01%
Industrials0.018%
Construction0.44%
Construction and Engineering0.44%
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£25.625.9%
+UK£97.6m		65.7%PE12.3x
BBY Balfour BeattyUK£8.211.2%
+UK£48.0m		61.2%PE15x
MGNS Morgan Sindall GroupUK£45.241.3%
+UK£26.1m		17.5%PE12.1x
DIAL Diales GroupUK£0.307.1%
+UK£1.1m		30.4%PE14.8x
VANL Van Elle HoldingsUK£0.521.0%
+UK£534.7k		33.3%PE18.7x

Latest News

DIAL
UK£0.30
Diales Group
7D
7.1%
1Y
30.4%
KLR
UK£25.62
Keller Group
7D
5.9%
1Y
65.7%
Narrative Update • Jun 10

KLR: Order Book Strength And Buyback Program Will Support Future Fair Value

Narrative Update: Keller Group Analysts have nudged their fair value estimate for Keller Group slightly higher, with the updated price target now at £25.28 compared with £25.13 previously. This reflects recent Street research in which Keller Group's price target was raised by £2.20 and supported by modest adjustments to the discount rate, long term revenue growth, profit margin and future P/E assumptions.
KIE
UK£2.00
Kier Group
7D
-2.9%
1Y
13.6%
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£45.24
Morgan Sindall Group
7D
1.3%
1Y
17.5%
GFRD
UK£5.09
Galliford Try Holdings
7D
-3.0%
1Y
24.3%
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
1.2%
1Y
61.2%
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£1.94
Costain Group
7D
-0.6%
1Y
50.1%
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.
VANL
UK£0.52
Van Elle Holdings
7D
1.0%
1Y
33.3%
Narrative Update • Jun 02

VANL: Cash Offer Will Contrast With Trimmed Earnings Power Outlook

Analysts have trimmed their fair value estimate for Van Elle Holdings from £0.47 to £0.44 per share, reflecting updated assumptions on the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Strabag UK Limited has agreed to acquire Van Elle Holdings in a recommended cash offer valued at £56.6 million, with Van Elle shareholders to receive £0.523 per share, subject to court and regulatory approvals, shareholder approval and other third party consents.
RNWH
UK£8.55
Renew Holdings
7D
-2.4%
1Y
2.9%
BILN
UK£4.08
Billington Holdings
7D
-1.3%
1Y
-1.8%
NEXS
UK£1.08
Nexus Infrastructure
7D
-1.4%
1Y
-32.8%
SFR
UK£0.27
Severfield
7D
-3.5%
1Y
-25.4%
SMJ
UK£1.13
J. Smart (Contractors)
7D
0%
1Y
-6.3%