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U.K. (FTSE) Electrical Industry Analysis

UpdatedApr 20, 2026
DataAggregated Company Financials
Companies17
  • 7D11.6%
  • 3M24.2%
  • 1Y16.1%
  • YTD25.1%

The Electrical industry is up 12% in the last week, with ITM Power up 57%. In the same time, Invinity Energy Systems was down 5.4%. In the last 12 months, the industry was up 16%. Earnings are forecast to grow by 48% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026UK£8.6bUK£2.5b-UK£90,938,080.0021.9x-94.7x3.4x
Thu, 19 Mar 2026UK£5.2bUK£2.6b-UK£84,509,274.5019x-61x2x
Sat, 14 Feb 2026UK£5.3bUK£2.2b-UK£64,055,538.0021.5x-83.3x2.4x
Mon, 12 Jan 2026UK£3.6bUK£2.2b-UK£61,621,137.0018.7x-57.9x1.6x
Wed, 10 Dec 2025UK£3.6bUK£2.2b-UK£61,300,923.0017.4x-59.5x1.6x
Fri, 07 Nov 2025UK£3.8bUK£2.2b-UK£86,323,518.0016.4x-43.5x1.7x
Sun, 05 Oct 2025UK£3.4bUK£2.2b-UK£88,209,599.0016.9x-39x1.6x
Tue, 02 Sep 2025UK£3.1bUK£2.2b-UK£76,402,356.0014.6x-41x1.4x
Thu, 31 Jul 2025UK£3.3bUK£2.3b-UK£152,278,066.0016x-21.6x1.4x
Sat, 28 Jun 2025UK£3.4bUK£2.3b-UK£114,983,729.0015.4x-29.9x1.5x
Mon, 26 May 2025UK£2.7bUK£2.3b-UK£125,523,387.0015.2x-21.4x1.2x
Wed, 23 Apr 2025UK£2.3bUK£2.3b-UK£126,572,762.0013.5x-18x1x
Fri, 21 Mar 2025UK£2.5bUK£2.3b-UK£134,869,587.0014.2x-18.8x1.1x
Sun, 16 Feb 2025UK£2.9bUK£2.3b-UK£142,895,917.0014.8x-20x1.2x
Tue, 14 Jan 2025UK£2.9bUK£2.3b-UK£133,201,659.0013.4x-21.6x1.2x
Thu, 12 Dec 2024UK£3.2bUK£2.3b-UK£130,176,519.0015.5x-24.4x1.4x
Sat, 09 Nov 2024UK£3.3bUK£2.2b-UK£123,909,139.0017.3x-26.8x1.5x
Mon, 07 Oct 2024UK£3.5bUK£2.2b-UK£124,070,601.0017.2x-28x1.6x
Wed, 04 Sep 2024UK£3.5bUK£2.2b-UK£134,137,954.0018x-26.4x1.6x
Fri, 02 Aug 2024UK£3.7bUK£2.2b-UK£163,990,418.0019x-22.3x1.6x
Sun, 30 Jun 2024UK£3.6bUK£2.3b-UK£167,196,896.0018.3x-21.3x1.6x
Tue, 28 May 2024UK£4.0bUK£2.1b-UK£223,015,581.0017.9x-17.9x1.9x
Thu, 25 Apr 2024UK£3.5bUK£2.1b-UK£227,863,033.0018.3x-15.3x1.6x
Sat, 23 Mar 2024UK£3.4bUK£2.1b-UK£161,464,366.0015.8x-20.8x1.6x
Mon, 19 Feb 2024UK£3.4bUK£2.2b-UK£155,118,551.0016.7x-22.2x1.6x
Wed, 17 Jan 2024UK£3.7bUK£2.2b-UK£189,898,079.0017.3x-19.3x1.7x
Fri, 15 Dec 2023UK£3.6bUK£2.2b-UK£194,793,557.0016.8x-18.7x1.7x
Sun, 12 Nov 2023UK£3.4bUK£2.2b-UK£192,930,561.0015.6x-17.6x1.6x
Tue, 10 Oct 2023UK£3.6bUK£2.2b-UK£192,927,323.0016.3x-18.7x1.7x
Thu, 07 Sep 2023UK£4.3bUK£2.1b-UK£194,861,019.0020.4x-22x2x
Sat, 05 Aug 2023UK£4.3bUK£2.1b-UK£183,274,187.0019.1x-23.2x2x
Mon, 03 Jul 2023UK£4.1bUK£2.1b-UK£267,657,186.0020.3x-15.5x2x
Wed, 31 May 2023UK£4.0bUK£2.0b-UK£238,101,440.0019.1x-16.8x2x
Fri, 28 Apr 2023UK£4.2bUK£2.0b-UK£230,550,548.0018.7x-18.3x2.1x
Price to Earnings Ratio

-18.3x


Total Market Cap: UK£4.2bTotal Earnings: -UK£230,550,548.00Total Revenue: UK£2.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electrical Industry Price to Earnings3Y Average -29.2x202420252026
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 1.7x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have improved over the last three years.
  • Revenues for these companies have grown 7.5% 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 Market1.21%
Industrials4.49%
Electrical11.65%
Heavy Electrical Equipment67.49%
Electrical Components7.41%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 50% over the next 5 years.
    • This is better than its past earnings growth rate of 35% per year.
    • In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 32% 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£1.2750.8%
    +UK£263.6m    		339.2%PS27.4x
    		CWR Ceres Power HoldingsUK£4.2037.8%
    +UK£224.4m    		628.5%PS25x
    		VLX VolexUK£5.705.9%
    +UK£58.8m    		144.1%PE24.8x
    		DSCV discoverIE GroupUK£6.399.6%
    +UK£53.8m    		14.1%PE23.7x
    		XPP XP PowerUK£14.8612.4%
    +UK£45.8m    		132.6%PS1.8x

    Latest News

    CWR
    UK£4.20
    Ceres Power Holdings
    7D
    37.8%
    1Y
    628.5%
    IES
    UK£0.17
    Invinity Energy Systems
    7D
    -6.8%
    1Y
    42.3%

    IES: Steady Fair Value And Rich Margins Will Support Upside Potential

    Analysts have kept their fair value estimate for Invinity Energy Systems steady at £0.83, with small refinements to assumptions around discount rate, revenue growth, profit margin and future P/E helping to fine tune, rather than overhaul, their view on the shares. Valuation Changes Fair Value: Kept steady at £0.83 per share, with no change in the central valuation outcome.
    DSCV
    UK£6.39
    discoverIE Group
    7D
    9.6%
    1Y
    14.1%
    AFC
    UK£0.13
    AFC Energy
    7D
    15.0%
    1Y
    108.3%

    AFC: Permit Progress On Hydrogen Exports Will Drive Future Upside

    Analysts have maintained their £0.23 price target on AFC Energy, with only slight tweaks to inputs such as the discount rate and future P/E. This reflects fine tuning of their valuation rather than a change in overall view.
    VLX
    UK£5.70
    Volex
    7D
    5.9%
    1Y
    144.1%

    VLX: Updated Fair Value Assumptions And P/E Framework Will Guide Future Returns

    Analysts have lifted their price target on Volex by £0.10, citing updated assumptions around fair value, discount rate and future P/E multiples as key supports for the new view. Analyst Commentary Recent Street research points to a modestly more constructive tone, with bullish analysts framing the £0.10 target lift as a reflection of refreshed fair value work and updated assumptions around the companys risk profile and earnings multiples.
    ROSE
    UK£3.76
    Rosebank Industries
    7D
    0.8%
    1Y
    -27.7%
    ITM
    UK£1.27
    ITM Power
    7D
    50.8%
    1Y
    339.2%

    ITM: Milford Haven Progress And 2026 Outlook Will Still Likely Disappoint

    Analysts have modestly lowered their price target on ITM Power to £0.55, with the unchanged fair value reflecting small tweaks to assumptions around discount rate, revenue growth and future P/E rather than a shift in the core outlook. What's in the News ITM Power confirmed that the 20 MW Notice to Proceed announced in February 2026 relates to MorGen Energy's West Wales Hydrogen project in Milford Haven.
    PHE
    UK£0.0032
    PowerHouse Energy Group
    7D
    -13.7%
    1Y
    -40.0%
    TFW
    UK£2.53
    FW Thorpe
    7D
    -4.9%
    1Y
    -13.4%
    GELN
    UK£0.18
    Gelion
    7D
    28.6%
    1Y
    67.4%
    XPP
    UK£14.86
    XP Power
    7D
    12.4%
    1Y
    132.6%
    ALK
    UK£3.17
    Alkemy Capital Investments
    7D
    -3.9%
    1Y
    217.0%
    DIA
    UK£2.94
    Dialight
    7D
    -0.3%
    1Y
    173.5%