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U.K. (FTSE) Electrical Industry Analysis

UpdatedApr 29, 2026
DataAggregated Company Financials
Companies17
  • 7D-1.0%
  • 3M18.3%
  • 1Y9.2%
  • YTD25.5%

Over the last 7 days, the Electrical industry has dropped 1.0%, driven by Rosebank Industries declining 4.7%. In contrast, Ceres Power Holdings has gained 15%. This takes the industry's 12 month performance to a gain of 9.2%. Looking forward, earnings are forecast to grow by 49% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Apr 2026UK£8.6bUK£2.5b-UK£90,635,472.0022.1x-95.3x3.4x
Fri, 27 Mar 2026UK£7.0bUK£2.6b-UK£78,542,363.5020.1x-89.1x2.7x
Sun, 22 Feb 2026UK£5.4bUK£2.2b-UK£63,521,848.0021.2x-84.5x2.4x
Tue, 20 Jan 2026UK£3.7bUK£2.2b-UK£61,695,725.0018.1x-59.5x1.7x
Thu, 18 Dec 2025UK£3.4bUK£2.2b-UK£61,560,695.0017.1x-55.4x1.5x
Sat, 15 Nov 2025UK£3.8bUK£2.2b-UK£70,456,293.0021.6x-54.2x1.8x
Mon, 13 Oct 2025UK£3.4bUK£2.2b-UK£87,956,918.0016.3x-39x1.6x
Wed, 10 Sep 2025UK£3.0bUK£2.2b-UK£76,347,796.0014x-39.8x1.4x
Fri, 08 Aug 2025UK£3.3bUK£2.2b-UK£71,932,599.0015.1x-45.6x1.5x
Sun, 06 Jul 2025UK£3.6bUK£2.3b-UK£149,755,747.0015.9x-23.9x1.6x
Tue, 03 Jun 2025UK£2.8bUK£2.3b-UK£127,360,312.0014.9x-22.3x1.3x
Thu, 01 May 2025UK£2.4bUK£2.3b-UK£125,471,907.0014.4x-19.4x1.1x
Sat, 29 Mar 2025UK£2.4bUK£2.3b-UK£126,472,007.0014.2x-19x1x
Mon, 24 Feb 2025UK£2.7bUK£2.3b-UK£142,908,427.0015x-18.9x1.2x
Wed, 22 Jan 2025UK£3.0bUK£2.3b-UK£133,254,174.0014.7x-22.4x1.3x
Fri, 20 Dec 2024UK£3.0bUK£2.3b-UK£131,950,774.0014.5x-22.8x1.3x
Sun, 17 Nov 2024UK£3.2bUK£2.3b-UK£120,321,149.0016.5x-27x1.4x
Tue, 15 Oct 2024UK£3.4bUK£2.2b-UK£124,022,455.0016.7x-27.5x1.6x
Thu, 12 Sep 2024UK£3.4bUK£2.2b-UK£132,487,680.0017.7x-25.4x1.5x
Sat, 10 Aug 2024UK£3.6bUK£2.2b-UK£169,504,915.0018.2x-20.9x1.6x
Mon, 08 Jul 2024UK£3.7bUK£2.2b-UK£167,621,336.0019x-22x1.6x
Wed, 05 Jun 2024UK£4.0bUK£2.1b-UK£178,611,503.0017.7x-22.3x1.9x
Fri, 03 May 2024UK£3.5bUK£2.1b-UK£222,527,861.0018.6x-15.9x1.6x
Sun, 31 Mar 2024UK£3.4bUK£2.1b-UK£184,673,478.0017x-18.4x1.6x
Tue, 27 Feb 2024UK£3.3bUK£2.1b-UK£155,455,862.0016.2x-21.3x1.5x
Thu, 25 Jan 2024UK£3.7bUK£2.2b-UK£188,596,651.0018.4x-19.7x1.7x
Sat, 23 Dec 2023UK£3.7bUK£2.2b-UK£194,218,958.0018.2x-19.1x1.7x
Mon, 20 Nov 2023UK£3.5bUK£2.2b-UK£193,492,352.0016.9x-18.2x1.6x
Wed, 18 Oct 2023UK£3.6bUK£2.2b-UK£192,855,775.0016.1x-18.4x1.6x
Fri, 15 Sep 2023UK£4.3bUK£2.1b-UK£194,314,041.0020.7x-22.4x2.1x
Sun, 13 Aug 2023UK£4.3bUK£2.1b-UK£183,104,907.0019.9x-23.7x2.1x
Tue, 11 Jul 2023UK£4.0bUK£2.1b-UK£267,964,098.0020.3x-15x1.9x
Thu, 08 Jun 2023UK£4.2bUK£2.0b-UK£238,190,530.0019.4x-17.5x2.1x
Sat, 06 May 2023UK£4.3bUK£2.0b-UK£238,565,475.0019.4x-18.2x2.1x
Price to Earnings Ratio

-18.2x


Total Market Cap: UK£4.3bTotal Earnings: -UK£238,565,475.00Total Revenue: UK£2.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electrical Industry Price to Earnings3Y Average -29.8x202420252026
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 1.7x 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 7.7% 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 Market-1.73%
Industrials-4.12%
Electrical-1.02%
Electrical Components-0.47%
Heavy Electrical Equipment-5.53%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 51% 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
    		CWR Ceres Power HoldingsUK£6.2129.1%
    +UK£272.7m    		970.7%PS37.1x
    		XPP XP PowerUK£18.0621.4%
    +UK£88.8m    		158.0%PS2.2x
    		ITM ITM PowerUK£1.464.4%
    +UK£38.3m    		373.3%PS31.6x
    		VLX VolexUK£5.851.0%
    +UK£11.0m    		130.3%PE25.4x
    		LUCE LucecoUK£2.151.9%
    +UK£6.0m    		55.1%PE15.8x

    Latest News

    ITM
    UK£1.46
    ITM Power
    7D
    4.4%
    1Y
    373.3%
    CWR
    UK£6.21
    Ceres Power Holdings
    7D
    29.1%
    1Y
    970.7%

    CWR: Execution Risks And Commercial Delays Will Likely Cap Future Upside

    Analysts have adjusted their price target for Ceres Power Holdings to £2.45 from £2.34, reflecting updated views on fair value, growth assumptions and profitability following recent mixed research commentary. Analyst Commentary Recent research on Ceres Power Holdings has been mixed, with some firms revising targets higher while others have taken a more cautious stance on the shares.
    VLX
    UK£5.85
    Volex
    7D
    1.0%
    1Y
    130.3%

    Heavy Data Center Dependence And EV Uncertainty Will Challenge Long Term Earnings Quality

    Catalysts About Volex Volex supplies power and data connectivity assemblies to global customers across electric vehicles, data centers, medical, consumer electricals, complex industrials and Off Highway markets. What are the underlying business or industry changes driving this perspective?
    DSCV
    UK£6.39
    discoverIE Group
    7D
    -3.0%
    1Y
    12.7%

    DSCV: Slightly Lower Discount Rate Will Support Fair Outlook At 30x P/E

    Analysts have lifted their price target on discoverIE Group to £29.94 from £29.14, citing slightly higher assumed revenue growth and a marginally lower discount rate. This has been partly offset by a modestly reduced profit margin outlook and a steady forward P/E of about 30x.
    PHE
    UK£0.0023
    PowerHouse Energy Group
    7D
    -22.0%
    1Y
    -56.6%
    AFC
    UK£0.13
    AFC Energy
    7D
    -6.1%
    1Y
    74.3%

    AFC: Hydrogen Export Permit And Ammonia Engine Partnership Will Support Future Upside

    Analysts have left their £0.23 fair value estimate for AFC Energy unchanged, citing slightly adjusted assumptions around the discount rate, profit margin and future P/E that together support maintaining the existing price target level. What's in the News AFC Energy PLC plans to change its name to H-Power plc, signaling a rebranding of the business (Key Developments).
    LUCE
    UK£2.15
    Luceco
    7D
    1.9%
    1Y
    55.1%

    LUCE: Energy Transition Outlook And 2026 Dividend Plans Will Support Steady Returns

    Analysts have kept their fair value view on Luceco broadly unchanged, with only minor tweaks to inputs such as the discount rate and future P/E. This has led to a small adjustment in the implied price target, which they attribute to fine tuning of their valuation assumptions rather than a shift in the core outlook.
    XPP
    UK£18.06
    XP Power
    7D
    21.4%
    1Y
    158.0%
    IKA
    UK£0.33
    Ilika
    7D
    -9.7%
    1Y
    -9.1%
    IES
    UK£0.18
    Invinity Energy Systems
    7D
    1.1%
    1Y
    32.1%

    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.
    AMP
    UK£0.027
    AMPEAK ENERGY
    7D
    -5.3%
    1Y
    17.4%
    ROSE
    UK£3.70
    Rosebank Industries
    7D
    -1.3%
    1Y
    -35.1%
    TFW
    UK£2.55
    FW Thorpe
    7D
    -3.4%
    1Y
    -11.8%
    GELN
    UK£0.16
    Gelion
    7D
    -8.6%
    1Y
    45.5%
    LPA
    UK£0.56
    LPA Group
    7D
    4.7%
    1Y
    12.0%
    ALK
    UK£3.28
    Alkemy Capital Investments
    7D
    4.1%
    1Y
    199.5%