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U.K. (FTSE) Electrical Industry Analysis

UpdatedFeb 13, 2026
DataAggregated Company Financials
Companies17
  • 7D4.8%
  • 3M3.1%
  • 1Y-11.2%
  • YTD10.4%

Volex is up 10%, leading the way for the Electrical industry, which has gained 2.0%. In the same time, Ilika was down 13%. In contrast, the industry has lost 13% in the last 12 months. As for the next few years, earnings are expected to grow by 45% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Feb 2026UK£5.4bUK£2.2b-UK£64,021,459.0021.3x-83.7x2.4x
Sun, 11 Jan 2026UK£3.6bUK£2.2b-UK£61,621,137.0018.7x-57.9x1.6x
Tue, 09 Dec 2025UK£3.7bUK£2.2b-UK£61,304,781.0017.5x-60.4x1.7x
Thu, 06 Nov 2025UK£3.8bUK£2.2b-UK£86,209,965.0016.6x-44.1x1.7x
Sat, 04 Oct 2025UK£3.4bUK£2.2b-UK£88,901,599.0016.9x-38.7x1.6x
Mon, 01 Sep 2025UK£3.2bUK£2.2b-UK£76,339,953.0014.5x-41.3x1.4x
Wed, 30 Jul 2025UK£3.3bUK£2.3b-UK£152,493,237.0016.1x-21.7x1.4x
Fri, 27 Jun 2025UK£3.4bUK£2.2b-UK£118,234,779.0015.3x-28.5x1.5x
Sun, 25 May 2025UK£2.7bUK£2.3b-UK£125,523,387.0015.2x-21.4x1.2x
Tue, 22 Apr 2025UK£2.3bUK£2.3b-UK£126,562,097.0013.6x-18.4x1x
Thu, 20 Mar 2025UK£2.6bUK£2.3b-UK£134,877,867.0014.6x-19.1x1.1x
Sat, 15 Feb 2025UK£2.9bUK£2.3b-UK£142,901,452.0014.8x-20x1.2x
Mon, 13 Jan 2025UK£3.0bUK£2.3b-UK£133,217,724.0014x-22.2x1.3x
Wed, 11 Dec 2024UK£3.2bUK£2.3b-UK£130,174,809.0015.4x-24.5x1.4x
Fri, 08 Nov 2024UK£3.3bUK£2.2b-UK£123,957,950.0017.1x-27x1.5x
Sun, 06 Oct 2024UK£3.5bUK£2.2b-UK£124,070,601.0017.2x-28x1.6x
Tue, 03 Sep 2024UK£3.6bUK£2.2b-UK£134,166,815.0018x-26.9x1.7x
Thu, 01 Aug 2024UK£3.7bUK£2.2b-UK£154,652,985.0018.7x-23.8x1.6x
Sat, 29 Jun 2024UK£3.6bUK£2.3b-UK£167,196,896.0018.3x-21.3x1.6x
Mon, 27 May 2024UK£4.0bUK£2.1b-UK£222,981,405.0017.9x-17.9x1.9x
Wed, 24 Apr 2024UK£3.5bUK£2.1b-UK£227,829,213.0018.5x-15.2x1.6x
Fri, 22 Mar 2024UK£3.4bUK£2.1b-UK£187,589,678.0016.3x-17.9x1.6x
Sun, 18 Feb 2024UK£3.4bUK£2.2b-UK£155,118,551.0016.7x-22.2x1.6x
Tue, 16 Jan 2024UK£3.7bUK£2.2b-UK£190,110,967.0017.3x-19.2x1.7x
Thu, 14 Dec 2023UK£3.5bUK£2.2b-UK£194,257,879.0016.2x-17.8x1.6x
Sat, 11 Nov 2023UK£3.4bUK£2.2b-UK£192,877,214.0015.6x-17.6x1.6x
Mon, 09 Oct 2023UK£3.7bUK£2.2b-UK£192,926,587.0017x-19.1x1.7x
Wed, 06 Sep 2023UK£4.3bUK£2.1b-UK£196,155,323.0020.3x-22.1x2x
Fri, 04 Aug 2023UK£4.2bUK£2.1b-UK£183,115,211.0018.9x-23.1x2x
Sun, 02 Jul 2023UK£4.1bUK£2.1b-UK£267,657,186.0020.3x-15.5x2x
Tue, 30 May 2023UK£4.0bUK£2.0b-UK£238,005,270.0018.9x-16.8x2x
Thu, 27 Apr 2023UK£4.1bUK£2.0b-UK£230,539,928.0018.6x-18x2x
Sat, 25 Mar 2023UK£4.0bUK£2.0b-UK£223,393,088.0018.7x-17.8x2x
Mon, 20 Feb 2023UK£4.7bUK£2.0b-UK£218,335,691.0021.3x-21.3x2.3x
Price to Earnings Ratio

-21.3x


Total Market Cap: UK£4.7bTotal Earnings: -UK£218,335,691.00Total Revenue: UK£2.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electrical Industry Price to Earnings3Y Average -25.8x202420252026
Current Industry PE
  • Investors are optimistic on the British Electrical industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have improved over the last three years.
  • Revenues for these companies have grown 3.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.

Industry Trends

Which industries have driven the changes within the U.K. Industrials industry?

GB Market1.21%
Industrials0.30%
Electrical4.83%
Electrical Components5.41%
Heavy Electrical Equipment-0.82%
Industry PE
  • Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 45.8%, which is higher than its past year's earnings growth of 17.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 46% over the next 5 years.
  • This is better than its past earnings growth rate of 18% per year.
  • In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 35% 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
VLX VolexUK£4.8510.2%
+UK£82.6m		75.7%PE21.3x
ROSE Rosebank IndustriesUK£3.516.0%
+UK£81.3m		-55.0%PB32.5x
XPP XP PowerUK£14.207.9%
+UK£29.1m		23.3%PS1.7x
LUCE LucecoUK£1.767.2%
+UK£18.0m		17.0%PE18.7x
DSCV discoverIE GroupUK£6.332.9%
+UK£17.3m		7.3%PE23.5x

Latest News

VLX
UK£4.85
Volex
7D
10.2%
1Y
75.7%

VLX: Refined Assumptions And Modest Uplift Will Shape Future Returns

Analysts have raised their price target on Volex by £0.10, citing updated fair value work that reflects slight adjustments to the discount rate, revenue growth, profit margin assumptions, and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts view the £0.10 uplift in the price target as a sign that their refreshed fair value work supports the current investment case, even after updating discount rate and P/E assumptions.
DSCV
UK£6.33
discoverIE Group
7D
2.9%
1Y
7.3%

DSCV: Higher Dividend And Stable Assumptions Will Support Balanced Long-Term Outlook

Analysts have made only a marginal adjustment to their price target for discoverIE Group, keeping fair value at £6.85 while fine tuning assumptions around the discount rate, revenue growth, profit margins and future P/E. Taken together, these revisions suggest a broadly unchanged view of the company’s long term potential.
ITM
UK£0.59
ITM Power
7D
-0.2%
1Y
72.9%

ITM: Expanding Electrolyser Contract Wins Will Still Likely Underdeliver

Analysts have slightly lifted their fair value estimate for ITM Power from £0.53 to £0.55. This reflects updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations.
LUCE
UK£1.76
Luceco
7D
7.2%
1Y
17.0%

Even With A 29% Surge, Cautious Investors Are Not Rewarding Luceco plc's (LON:LUCE) Performance Completely

Feb 05
Even With A 29% Surge, Cautious Investors Are Not Rewarding Luceco plc's (LON:LUCE) Performance Completely
CWR
UK£2.90
Ceres Power Holdings
7D
1.8%
1Y
105.5%

CWR: New Weichai Licence Will Support AI Power Opportunity

Analysts have lifted their price target on Ceres Power Holdings from £2.05 to £4.60 per share, citing the new licensing agreement with Weichai Power, expanded manufacturing partnerships, added 2026/2027 revenue visibility, and expectations around solid oxide fuel cell adoption in AI data centers. Analyst Commentary Recent research reflects a more constructive stance on Ceres Power Holdings, with a higher price target linked directly to the new licensing agreement and perceived revenue visibility into 2026 and 2027.
IES
UK£0.19
Invinity Energy Systems
7D
-2.6%
1Y
55.1%

IES: US Grid Testing Will Support Long Duration Storage Upside

Analysts have kept their fair value estimate for Invinity Energy Systems broadly unchanged at £0.83, with only small tweaks to discount rate, revenue growth and profit margin assumptions, which feed into a slightly lower implied future P/E multiple. What's in the News Sale of a 12 MWh Endurium battery system to Pacific Northwest National Laboratory in Richland, Washington, to support long duration grid storage demonstrations, with delivery expected in the second half of 2026 (Client Announcement).
AFC
UK£0.12
AFC Energy
7D
13.4%
1Y
30.6%
IKA
UK£0.30
Ilika
7D
-13.0%
1Y
-24.1%
ROSE
UK£3.51
Rosebank Industries
7D
6.0%
1Y
-55.0%

Are Investors Undervaluing Rosebank Industries plc (LON:ROSE) By 50%?

Jan 29
Are Investors Undervaluing Rosebank Industries plc (LON:ROSE) By 50%?
AMP
UK£0.029
AMPEAK ENERGY
7D
-5.0%
1Y
35.7%
DIA
UK£3.12
Dialight
7D
-3.1%
1Y
139.1%
XPP
UK£14.20
XP Power
7D
7.9%
1Y
23.3%
CKT
UK£0.18
Checkit
7D
-1.4%
1Y
19.7%
TFW
UK£2.86
FW Thorpe
7D
2.1%
1Y
-7.7%
PHE
UK£0.0044
PowerHouse Energy Group
7D
-3.3%
1Y
-55.5%