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U.K. (FTSE) Electrical Industry Analysis

UpdatedJul 20, 2026
DataAggregated Company Financials
Companies16
  • 7D-5.1%
  • 3M-13.1%
  • 1Y16.4%
  • YTD10.7%

Over the last 7 days, the Electrical industry has dropped 5.1%, driven by declines in Ceres Power Holdings and Rosebank Industries of 18% and 5.1%, respectively. Over the past 12 months, the industry was up 16%. Earnings are forecast to grow by 41% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Jul 2026UK£7.7bUK£2.6b-UK£61,906,605.0021.2x-124.2x2.9x
Wed, 17 Jun 2026UK£9.0bUK£2.6b-UK£84,998,342.0024.7x-106.2x3.5x
Fri, 15 May 2026UK£9.8bUK£2.5b-UK£90,530,989.0022.1x-108.4x3.9x
Sun, 12 Apr 2026UK£7.6bUK£2.5b-UK£90,892,847.5021.5x-84x3x
Tue, 10 Mar 2026UK£5.0bUK£2.5b-UK£84,648,395.0018.6x-59.5x2x
Thu, 05 Feb 2026UK£5.2bUK£2.2b-UK£78,682,550.0019.4x-66.1x2.4x
Sat, 03 Jan 2026UK£3.4bUK£2.2b-UK£61,874,479.0017.9x-55.6x1.6x
Mon, 01 Dec 2025UK£3.8bUK£2.2b-UK£62,325,076.0016.8x-60.7x1.7x
Wed, 29 Oct 2025UK£3.6bUK£2.2b-UK£86,652,924.0017.1x-41.7x1.7x
Fri, 26 Sep 2025UK£3.3bUK£2.2b-UK£82,447,343.0016.1x-39.8x1.5x
Sun, 24 Aug 2025UK£3.2bUK£2.2b-UK£76,846,773.0014x-42.2x1.5x
Tue, 22 Jul 2025UK£3.4bUK£2.3b-UK£152,734,324.0016.1x-22.4x1.5x
Thu, 19 Jun 2025UK£3.2bUK£2.3b-UK£136,609,075.0014.5x-23.3x1.4x
Sat, 17 May 2025UK£2.7bUK£2.3b-UK£125,458,677.0014.9x-21.7x1.2x
Mon, 14 Apr 2025UK£2.2bUK£2.3b-UK£126,506,297.0012.8x-17.4x1x
Wed, 12 Mar 2025UK£2.5bUK£2.3b-UK£137,489,987.0014.9x-18.2x1.1x
Fri, 07 Feb 2025UK£2.9bUK£2.3b-UK£142,851,502.0014.8x-20.5x1.3x
Sun, 05 Jan 2025UK£3.0bUK£2.3b-UK£133,282,569.0014.2x-22.8x1.3x
Tue, 03 Dec 2024UK£3.1bUK£2.3b-UK£130,641,329.0015.2x-23.4x1.3x
Thu, 31 Oct 2024UK£3.4bUK£2.2b-UK£123,947,975.0016.4x-27.4x1.5x
Sat, 28 Sep 2024UK£3.5bUK£2.2b-UK£128,350,043.0018x-27.2x1.6x
Mon, 26 Aug 2024UK£3.7bUK£2.2b-UK£134,216,025.0018.3x-27.2x1.7x
Wed, 24 Jul 2024UK£3.8bUK£2.2b-UK£166,838,099.0019.5x-22.8x1.7x
Fri, 21 Jun 2024UK£3.7bUK£2.1b-UK£184,827,983.0017.7x-20.1x1.7x
Sun, 19 May 2024UK£3.7bUK£2.1b-UK£222,908,425.0018.3x-16.6x1.7x
Tue, 16 Apr 2024UK£3.4bUK£2.1b-UK£189,329,574.0016.9x-17.9x1.6x
Thu, 14 Mar 2024UK£3.2bUK£2.1b-UK£188,099,366.0016.5x-17.3x1.5x
Sat, 10 Feb 2024UK£3.6bUK£2.2b-UK£155,185,479.0017.2x-23.3x1.7x
Mon, 08 Jan 2024UK£3.6bUK£2.2b-UK£193,772,727.0017.8x-18.8x1.7x
Wed, 06 Dec 2023UK£3.5bUK£2.2b-UK£194,743,373.0016.5x-18x1.6x
Fri, 03 Nov 2023UK£3.4bUK£2.2b-UK£192,885,100.0015.8x-17.7x1.6x
Sun, 01 Oct 2023UK£4.2bUK£2.2b-UK£192,823,179.0019.4x-21.5x1.9x
Tue, 29 Aug 2023UK£4.2bUK£2.1b-UK£196,172,619.0018.9x-21.2x2x
Thu, 27 Jul 2023UK£4.4bUK£2.1b-UK£267,527,947.0020.4x-16.3x2.1x
Price to Earnings Ratio

-16.3x


Total Market Cap: UK£4.4bTotal Earnings: -UK£267,527,947.00Total Revenue: UK£2.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electrical Industry Price to Earnings3Y Average -37x202420252026
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 1.8x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have improved over the last three years.
  • Revenues for these companies have grown 7.9% 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 Market0.97%
Industrials0.39%
Electrical-5.05%
Electrical Components-4.54%
Heavy Electrical Equipment-8.97%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 41% over the next 5 years.
    • This is better than its past earnings growth rate of 28% per year.
    • In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 37% 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
    		DSCV discoverIE GroupUK£6.853.2%
    +UK£20.2m    		-7.2%PE22.7x
    		VLX VolexUK£5.070.8%
    +UK£7.4m    		38.5%PE19.1x
    		ALK Alkemy Capital InvestmentsUK£3.0514.5%
    +UK£4.2m    		75.0%PS140933.3x
    		LPA LPA GroupUK£0.727.4%
    +UK£660.7k    		31.8%PE41.7x

    Latest News

    VLX
    UK£5.07
    Volex
    7D
    0.8%
    1Y
    38.5%
    Narrative Update • Jul 19

    VLX: Higher Margin Assumptions Will Shape Future Repricing Potential

    The analyst price target for Volex has been revised higher to about £6.95 from about £5.91. Analysts point to updated assumptions on revenue growth, profit margins, and a lower future P/E multiple to support the change.
    XPP
    UK£17.40
    XP Power
    7D
    -5.2%
    1Y
    103.7%
    DIA
    UK£3.97
    Dialight
    7D
    -5.5%
    1Y
    78.8%
    ITM
    UK£1.06
    ITM Power
    7D
    -7.7%
    1Y
    47.3%
    Narrative Update • Jul 15

    ITM: Future Hydrogen Contracts And Execution Risks Will Shape Balanced Outlook

    Analysts have lifted their price target on ITM Power to £2.00 from £1.10, citing updated assumptions around fair value, discount rate, profit margin and future P/E that support a higher valuation range for the stock. Analyst Commentary Recent research on ITM Power highlights a mix of optimism around the new £2.00 price target and some caution around delivery risks, with analysts focusing on how execution, profitability and valuation assumptions fit together.
    ROSE
    UK£2.99
    Rosebank Industries
    7D
    -3.9%
    1Y
    -5.7%
    IES
    UK£0.23
    Invinity Energy Systems
    7D
    -11.3%
    1Y
    -10.5%
    Narrative Update • Jul 02

    IES: Laufenburg Energy Hub Will Drive Future Upside Potential

    Analysts have lifted their price target for Invinity Energy Systems from £0.35 to £0.50, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E that they describe as better reflecting the company’s current risk and return profile. What’s in the News for Invinity Energy Systems Invinity Energy Systems has been selected by FlexBase Group to design a GWh scale vanadium flow battery for the Technology Centre Laufenburg on the Switzerland Germany border, with an initial capacity of up to 1.5 GWh and potential expansion to 2.1 GWh. The project is intended to support on site renewable integration and grid stabilisation.
    DSCV
    UK£6.85
    discoverIE Group
    7D
    3.2%
    1Y
    -7.2%
    HPOW
    UK£0.11
    H-Power
    7D
    -3.2%
    1Y
    -1.8%
    CWR
    UK£3.51
    Ceres Power Holdings
    7D
    -21.8%
    1Y
    249.8%
    Narrative Update • Jun 25

    CWR: Licensing Execution And Equity Raise Will Support Future Upside

    The updated analyst narrative on Ceres Power Holdings reflects a revised fair value of £10.00 per share, with the shift shaped by recent price target changes. These include Berenberg's move from £9.80 to £9.50 and Panmure Liberum's £5.90 target, alongside other mixed rating actions from analysts.
    LUCE
    UK£2.54
    Luceco
    7D
    -5.6%
    1Y
    81.7%
    Narrative Update • Jun 23

    LUCE: Fair Value Outlook Will Rely On 2026 Dividend And Leadership Transition

    Analysts have increased their Luceco fair value estimate from £2.66 to £2.77, reflecting updated assumptions around discount rate, revenue growth, profit margin and a revised future P/E framework. What’s in the News for Luceco Luceco plans a leadership transition, with CEO John Hornby retiring from the Group on 31 December 2026 after 21 years and moving into an advisory role thereafter.
    ALK
    UK£3.05
    Alkemy Capital Investments
    7D
    14.5%
    1Y
    75.0%
    LPA
    UK£0.72
    LPA Group
    7D
    7.4%
    1Y
    31.8%