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U.K. (FTSE) Electrical Industry Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies17
  • 7D-1.0%
  • 3M2.9%
  • 1Y-18.6%
  • YTD7.2%

Over the last 7 days, the Electrical industry has dropped 1.0%, driven by Ceres Power Holdings declining 17%. On the other hand Luceco is actually up 19%. The industry has fallen 19% in the last year. 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
Tue, 03 Feb 2026UK£5.2bUK£2.2b-UK£78,667,118.0019.5x-66.2x2.4x
Thu, 01 Jan 2026UK£3.4bUK£2.2b-UK£61,795,390.0018.1x-55.5x1.6x
Sat, 29 Nov 2025UK£3.8bUK£2.2b-UK£62,303,857.0016.8x-60.7x1.7x
Mon, 27 Oct 2025UK£3.6bUK£2.2b-UK£87,883,603.0017.1x-41.1x1.7x
Wed, 24 Sep 2025UK£3.3bUK£2.2b-UK£82,802,324.0016.1x-39.6x1.5x
Fri, 22 Aug 2025UK£3.2bUK£2.2b-UK£76,646,947.0013.7x-41.4x1.4x
Sun, 20 Jul 2025UK£3.4bUK£2.3b-UK£152,601,675.0016x-22.4x1.5x
Tue, 17 Jun 2025UK£3.1bUK£2.2b-UK£136,896,665.0014.5x-22.9x1.4x
Thu, 15 May 2025UK£2.7bUK£2.3b-UK£125,454,717.0014.9x-21.5x1.2x
Sat, 12 Apr 2025UK£2.2bUK£2.3b-UK£126,506,297.0012.8x-17.4x1x
Mon, 10 Mar 2025UK£2.5bUK£2.3b-UK£137,482,787.0015.1x-18.3x1.1x
Wed, 05 Feb 2025UK£2.9bUK£2.3b-UK£142,866,487.0014.8x-20.2x1.2x
Fri, 03 Jan 2025UK£3.0bUK£2.3b-UK£133,267,224.0014.1x-22.8x1.3x
Sun, 01 Dec 2024UK£3.1bUK£2.3b-UK£130,671,884.0015.3x-23.4x1.3x
Tue, 29 Oct 2024UK£3.3bUK£2.2b-UK£123,951,034.0015.9x-26.6x1.5x
Thu, 26 Sep 2024UK£3.3bUK£2.2b-UK£133,488,823.0017.8x-24.8x1.5x
Sat, 24 Aug 2024UK£3.7bUK£2.2b-UK£134,216,025.0018.3x-27.2x1.7x
Mon, 22 Jul 2024UK£3.8bUK£2.2b-UK£166,856,570.0019.5x-22.7x1.7x
Wed, 19 Jun 2024UK£3.7bUK£2.1b-UK£185,071,951.0017.9x-20x1.7x
Fri, 17 May 2024UK£3.7bUK£2.1b-UK£222,826,189.0018.5x-16.6x1.7x
Sun, 14 Apr 2024UK£3.4bUK£2.1b-UK£184,282,590.0017x-18.4x1.6x
Tue, 12 Mar 2024UK£3.3bUK£2.1b-UK£188,127,846.0016.6x-17.7x1.6x
Thu, 08 Feb 2024UK£3.6bUK£2.2b-UK£155,173,019.0017x-23.3x1.7x
Sat, 06 Jan 2024UK£3.6bUK£2.2b-UK£193,811,887.0017.8x-18.8x1.7x
Mon, 04 Dec 2023UK£3.4bUK£2.2b-UK£195,009,575.0016.4x-17.2x1.5x
Wed, 01 Nov 2023UK£3.4bUK£2.2b-UK£192,749,391.0015.6x-17.4x1.5x
Fri, 29 Sep 2023UK£4.2bUK£2.2b-UK£194,365,401.0019.5x-21.7x2x
Sun, 27 Aug 2023UK£4.2bUK£2.1b-UK£196,172,619.0018.9x-21.2x2x
Tue, 25 Jul 2023UK£4.5bUK£2.1b-UK£267,299,419.0020.4x-16.7x2.1x
Thu, 22 Jun 2023UK£4.3bUK£2.1b-UK£232,006,055.0020.7x-18.6x2.1x
Sat, 20 May 2023UK£4.1bUK£2.0b-UK£238,215,900.0019x-17.4x2x
Mon, 17 Apr 2023UK£4.1bUK£2.0b-UK£224,664,788.0018.8x-18.3x2x
Wed, 15 Mar 2023UK£4.3bUK£2.0b-UK£213,118,163.0020.1x-20.3x2.1x
Fri, 10 Feb 2023UK£4.9bUK£2.0b-UK£213,473,191.0022.2x-22.8x2.4x
Price to Earnings Ratio

-22.8x


Total Market Cap: UK£4.9bTotal Earnings: -UK£213,473,191.00Total Revenue: UK£2.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electrical Industry Price to Earnings3Y Average -25.4x202420252026
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 3.2% 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 Market1.41%
Industrials-2.17%
Electrical-1.01%
Electrical Components-0.49%
Heavy Electrical Equipment-5.64%
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 45.6%, 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 40% 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
LUCE LucecoUK£1.6018.5%
+UK£38.1m		2.0%PE17.1x
ROSE Rosebank IndustriesUK£3.512.3%
+UK£32.5m		-59.2%PB32.5x
DSCV discoverIE GroupUK£6.353.3%
+UK£19.2m		2.8%PE23.6x
XPP XP PowerUK£12.544.8%
+UK£16.2m		5.0%PS1.5x
DIA DialightUK£3.318.5%
+UK£10.3m		190.4%PE25x

Latest News

AFC
UK£0.11
AFC Energy
7D
-5.8%
1Y
29.0%
LUCE
UK£1.60
Luceco
7D
18.5%
1Y
2.0%
LPA
UK£0.47
LPA Group
7D
-5.1%
1Y
-13.9%
IKA
UK£0.33
Ilika
7D
-8.3%
1Y
22.2%
ROSE
UK£3.51
Rosebank Industries
7D
2.3%
1Y
-59.2%

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

Jan 29
Are Investors Undervaluing Rosebank Industries plc (LON:ROSE) By 50%?
ITM
UK£0.63
ITM Power
7D
-7.5%
1Y
84.9%

ITM: Expanding Hydrogen Contract Pipeline Will Still Likely Underdeliver

Analysts have adjusted their price target on ITM Power, keeping fair value steady at £0.53 while fine tuning discount rate, revenue growth and profit margin assumptions. This reflects updated views on risk, earnings potential and a slightly lower future P/E multiple.
DSCV
UK£6.35
discoverIE Group
7D
3.3%
1Y
2.8%

DSCV: Higher Dividend Will Support A More Confident Long-Term Outlook

Analysts have trimmed their fair value estimate for discoverIE Group from £7.35 to £6.85, citing updated assumptions around a higher discount rate, slightly stronger revenue growth and profit margins, and a lower future P/E multiple. What's in the News The Board has declared an interim dividend of 4.05 pence per share for H1 2025/26, compared with 3.9 pence per share in H1 2024/25, indicating a 4% increase in the cash payout per share (Key Developments).
VLX
UK£4.44
Volex
7D
-2.2%
1Y
57.4%

VLX: Dividend Policy And New Leadership Will Shape Steady Future Returns

Analysts have nudged their price targets on Volex higher, including a £0.10 increase from recent Street research. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E multiples.
CWR
UK£2.76
Ceres Power Holdings
7D
-16.8%
1Y
87.1%

CWR: New Weichai Licence And AI Data Centers Will Support Future Upside

Narrative update Analysts have lifted their price target on Ceres Power Holdings to £4.60 from £2.05, citing the new licensing agreement with Weichai Power that brings the total to four manufacturing partners, adds revenue visibility into 2026 and 2027, and reflects expectations around solid oxide fuel cell adoption in AI data centers. Analyst Commentary Bullish analysts have reacted positively to the latest licensing deal and its implications for Ceres Power Holdings, with one major highlight being the move in published price targets.
IES
UK£0.20
Invinity Energy Systems
7D
1.3%
1Y
52.8%

IES: US Testing And UK Projects Will Drive Long-Term Upside Potential

Analysts have adjusted their price target for Invinity Energy Systems to reflect an unchanged fair value estimate of £0.83 per share, together with updated assumptions for discount rate, revenue growth, profit margin and future P/E, which together shape a more refined view of the company’s risk and earnings potential. What's in the News Invinity agreed to sell a 12 MWh Endurium battery system to Pacific Northwest National Laboratory in Richland, Washington, with delivery of the batteries expected in the second half of 2026, supported by U.S. Department of Energy funding for projects using the company’s technology (Client Announcements).
DIA
UK£3.31
Dialight
7D
8.5%
1Y
190.4%
XPP
UK£12.54
XP Power
7D
4.8%
1Y
5.0%
CKT
UK£0.18
Checkit
7D
-3.9%
1Y
12.1%
ALK
UK£4.18
Alkemy Capital Investments
7D
23.7%
1Y
140.9%
GELN
UK£0.19
Gelion
7D
-7.3%
1Y
40.7%
TFW
UK£2.75
FW Thorpe
7D
1.5%
1Y
-9.5%