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U.K. (FTSE) Electrical Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies17
  • 7D0.3%
  • 3M3.5%
  • 1Y-3.4%
  • YTD9.4%

Over the last 7 days, the Electrical industry has remained flat, although notably ITM Power gained 4.0%. As for the longer term, the industry has declined 3.4% in the last year. Looking forward, earnings are forecast to grow by 44% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026UK£5.3bUK£2.2b-UK£66,425,410.0020.9x-80x2.4x
Wed, 28 Jan 2026UK£5.3bUK£2.2b-UK£79,101,786.0020.3x-66.6x2.4x
Fri, 26 Dec 2025UK£3.5bUK£2.2b-UK£62,035,229.0018x-55.6x1.6x
Sun, 23 Nov 2025UK£3.6bUK£2.2b-UK£63,279,106.0017.2x-57.5x1.6x
Tue, 21 Oct 2025UK£3.5bUK£2.2b-UK£88,072,517.0016.4x-39.3x1.6x
Thu, 18 Sep 2025UK£3.1bUK£2.2b-UK£83,010,675.0016.2x-37.2x1.4x
Sat, 16 Aug 2025UK£3.2bUK£2.2b-UK£76,914,973.0014.6x-42.1x1.5x
Mon, 14 Jul 2025UK£3.5bUK£2.3b-UK£149,472,717.0016x-23.5x1.5x
Wed, 11 Jun 2025UK£3.1bUK£2.3b-UK£118,749,287.0014.7x-26x1.4x
Fri, 09 May 2025UK£2.5bUK£2.3b-UK£125,450,487.0014.1x-20.1x1.1x
Sun, 06 Apr 2025UK£2.2bUK£2.3b-UK£126,452,567.0013.2x-17x0.9x
Tue, 04 Mar 2025UK£2.6bUK£2.3b-UK£142,930,567.0014.8x-18x1.1x
Thu, 30 Jan 2025UK£2.9bUK£2.3b-UK£134,245,264.0014.9x-21.8x1.3x
Sat, 28 Dec 2024UK£3.1bUK£2.3b-UK£131,962,879.0014.7x-23.2x1.3x
Mon, 25 Nov 2024UK£3.1bUK£2.3b-UK£120,236,799.0015.3x-25.8x1.3x
Wed, 23 Oct 2024UK£3.3bUK£2.2b-UK£123,958,881.0016.7x-27x1.5x
Fri, 20 Sep 2024UK£3.4bUK£2.2b-UK£132,870,422.0017.6x-25.6x1.6x
Sun, 18 Aug 2024UK£3.6bUK£2.2b-UK£134,009,875.0018.5x-27.1x1.7x
Tue, 16 Jul 2024UK£3.9bUK£2.2b-UK£166,992,155.0019.6x-23.5x1.8x
Thu, 13 Jun 2024UK£3.8bUK£2.1b-UK£185,267,751.0018.3x-20.4x1.8x
Sat, 11 May 2024UK£3.6bUK£2.1b-UK£222,507,213.0018.1x-16.3x1.7x
Mon, 08 Apr 2024UK£3.4bUK£2.1b-UK£184,708,366.0017.1x-18.3x1.6x
Wed, 06 Mar 2024UK£3.3bUK£2.1b-UK£187,901,430.0016.5x-17.7x1.6x
Fri, 02 Feb 2024UK£3.8bUK£2.2b-UK£150,585,935.0017.5x-25.3x1.7x
Sun, 31 Dec 2023UK£3.8bUK£2.2b-UK£193,833,959.0018.3x-19.5x1.7x
Tue, 28 Nov 2023UK£3.5bUK£2.2b-UK£194,794,470.0017.1x-18.1x1.6x
Thu, 26 Oct 2023UK£3.3bUK£2.2b-UK£192,712,352.0015.5x-17.3x1.5x
Sat, 23 Sep 2023UK£4.2bUK£2.1b-UK£196,145,305.0020.5x-21.6x2x
Mon, 21 Aug 2023UK£4.2bUK£2.1b-UK£196,513,755.0019.7x-21.5x2x
Wed, 19 Jul 2023UK£4.3bUK£2.1b-UK£267,793,643.0020.3x-16.1x2.1x
Fri, 16 Jun 2023UK£4.3bUK£2.0b-UK£234,869,910.0019.9x-18.2x2.1x
Sun, 14 May 2023UK£4.2bUK£2.0b-UK£238,196,725.0018.9x-17.7x2.1x
Tue, 11 Apr 2023UK£4.0bUK£2.0b-UK£224,671,573.0019.3x-17.7x2x
Thu, 09 Mar 2023UK£4.5bUK£2.0b-UK£211,404,401.0020.5x-21.2x2.2x
Price to Earnings Ratio

-21.2x


Total Market Cap: UK£4.5bTotal Earnings: -UK£211,404,401.00Total Revenue: UK£2.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electrical Industry Price to Earnings3Y Average -26.8x202420252026
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 2.5% 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 Market1.95%
Industrials1.78%
Electrical0.26%
Heavy Electrical Equipment2.30%
Electrical Components0.047%
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 45.7%, 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 34% 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
ITM ITM PowerUK£0.654.0%
+UK£15.4m		119.9%PS14x
CWR Ceres Power HoldingsUK£3.001.9%
+UK£11.2m		326.7%PS13.1x
XPP XP PowerUK£13.862.7%
+UK£10.1m		34.8%PS1.7x
TFW FW ThorpeUK£2.861.6%
+UK£5.1m		-6.8%PE12.7x
VLX VolexUK£4.830.4%
+UK£3.7m		76.6%PE20.9x

Latest News

AFC
UK£0.12
AFC Energy
7D
-14.5%
1Y
63.8%

AFC: Permit Wins And Ammonia Engine Partnership Will Support Future Upside

Analysts have nudged their fair value estimate for AFC Energy to £0.23 per share, with the updated price target reflecting revised assumptions on the discount rate, revenue growth and future P/E expectations. What's in the News The UK Environment Agency agreed to revise AFC Energy's research and development permit, allowing export and sale of low carbon hydrogen from its pilot ammonia cracking plant to hydrogen off takers, which the company states brings forward potential revenue from this activity by several months (Regulatory Authority: Compliance).
VLX
UK£4.83
Volex
7D
0.4%
1Y
76.6%

VLX: Refined Assumptions And Higher P/E Confidence Will Shape Future Returns

Analysts have lifted their price target on Volex by £0.10, reflecting updated views on its fair value, discount rate and expected future P/E following recent research commentary. Analyst Commentary Bullish Takeaways Bullish analysts view the £0.10 increase in the price target as better alignment with their updated fair value work, suggesting that recent research has led them to reassess the risk and return trade off more positively.
ITM
UK£0.65
ITM Power
7D
4.0%
1Y
119.9%

ITM: Raised 2026 Guidance And New Contracts Will Still Likely Underdeliver

Analysts have kept their fair value estimate for ITM Power steady at £0.55, reflecting only small tweaks to assumptions around discount rate, revenue growth and future P/E, rather than a shift in their overall view of the shares. What's in the News ITM Power raised earnings guidance for fiscal 2026, now expecting revenue between £40 million and £43 million, an 11% midpoint increase from the prior £35 million to £40 million range (Corporate Guidance).
IES
UK£0.19
Invinity Energy Systems
7D
-4.3%
1Y
60.9%

IES: US Grid And UK Projects Will Drive Long Duration Storage Upside

Analysts have maintained their fair value estimate for Invinity Energy Systems at £0.83. This reflects slightly updated assumptions on discount rate, revenue growth and profit margins, without a clear shift in their overall price target view.
CWR
UK£3.00
Ceres Power Holdings
7D
1.9%
1Y
326.7%

CWR: Higher Future P/E Assumptions Will Support AI Power Opportunity

Analysts have nudged their price target on Ceres Power Holdings slightly higher to £377.21 from £375.98, reflecting updated assumptions around discount rates and future P/E expectations. Valuation Changes Fair Value: unchanged at £4.21 per share, indicating no revision to the core valuation estimate.
ALK
UK£4.13
Alkemy Capital Investments
7D
6.5%
1Y
230.0%
GELN
UK£0.18
Gelion
7D
-1.4%
1Y
41.2%
LUCE
UK£1.78
Luceco
7D
-1.1%
1Y
27.1%

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
IKA
UK£0.29
Ilika
7D
5.5%
1Y
-34.8%
AMP
UK£0.03
AMPEAK ENERGY
7D
-1.6%
1Y
41.9%
DIA
UK£2.94
Dialight
7D
-2.0%
1Y
113.0%
XPP
UK£13.86
XP Power
7D
2.7%
1Y
34.8%
CKT
UK£0.17
Checkit
7D
-5.4%
1Y
22.8%
TFW
UK£2.86
FW Thorpe
7D
1.6%
1Y
-6.8%