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U.K. (FTSE) Machinery Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies20
  • 7D0.3%
  • 3M19.1%
  • 1Y29.5%
  • YTD16.2%

The Machinery is pretty flat in the last 7 days, but Mincon Group has stood out, gaining 6.9%. As for the the longer term, the industry is up 29% over the past 12 months. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Mar 2026UK£31.8bUK£12.2bUK£1.0b29.2x31.8x2.6x
Fri, 30 Jan 2026UK£30.2bUK£12.2bUK£998.4m28.2x30.2x2.5x
Sun, 28 Dec 2025UK£27.1bUK£12.2bUK£998.5m23.9x27.1x2.2x
Tue, 25 Nov 2025UK£26.2bUK£12.2bUK£983.6m24.2x26.7x2.2x
Thu, 23 Oct 2025UK£26.7bUK£12.4bUK£998.5m23.8x26.7x2.1x
Sat, 20 Sep 2025UK£25.7bUK£12.4bUK£1.0b23.4x25.5x2.1x
Mon, 18 Aug 2025UK£25.0bUK£12.4bUK£1.0b23x24.7x2x
Wed, 16 Jul 2025UK£24.4bUK£12.5bUK£1.1b23.1x22.4x1.9x
Fri, 13 Jun 2025UK£23.9bUK£12.5bUK£1.1b23.2x22.3x1.9x
Sun, 11 May 2025UK£22.9bUK£12.5bUK£1.1b22.7x21.3x1.8x
Tue, 08 Apr 2025UK£20.0bUK£12.5bUK£1.1b19x18.4x1.6x
Thu, 06 Mar 2025UK£24.8bUK£12.6bUK£1.2b20.5x21.2x2x
Sat, 01 Feb 2025UK£25.8bUK£12.6bUK£1.1b22.8x23.6x2x
Mon, 30 Dec 2024UK£23.7bUK£12.6bUK£1.1b21.8x21.6x1.9x
Wed, 27 Nov 2024UK£23.3bUK£12.6bUK£1.1b21.4x21.3x1.8x
Fri, 25 Oct 2024UK£22.8bUK£12.6bUK£1.1b20.1x20.8x1.8x
Sun, 22 Sep 2024UK£23.9bUK£12.6bUK£1.1b20.4x21.7x1.9x
Tue, 20 Aug 2024UK£24.0bUK£12.6bUK£1.1b20.5x21.9x1.9x
Thu, 18 Jul 2024UK£25.7bUK£12.8bUK£1.1b20.1x23.6x2x
Sat, 15 Jun 2024UK£25.0bUK£12.8bUK£1.1b19.9x22.6x2x
Mon, 13 May 2024UK£26.5bUK£12.8bUK£1.1b20.3x24.1x2.1x
Wed, 10 Apr 2024UK£25.9bUK£12.8bUK£1.1b19x23.5x2x
Fri, 08 Mar 2024UK£25.9bUK£12.8bUK£1.1b18x23.2x2x
Sun, 04 Feb 2024UK£26.2bUK£15.8bUK£1.3b17.2x19.8x1.7x
Tue, 02 Jan 2024UK£26.7bUK£15.8bUK£1.3b17.2x20.1x1.7x
Thu, 30 Nov 2023UK£25.0bUK£15.8bUK£1.3b16.9x18.8x1.6x
Sat, 28 Oct 2023UK£22.8bUK£15.8bUK£1.3b14.9x17.2x1.4x
Mon, 25 Sep 2023UK£25.3bUK£15.8bUK£1.3b15.8x19.1x1.6x
Wed, 23 Aug 2023UK£24.8bUK£15.8bUK£1.3b15.9x18.6x1.6x
Fri, 21 Jul 2023UK£26.6bUK£15.2bUK£1.3b17.9x20.1x1.7x
Sun, 18 Jun 2023UK£26.8bUK£15.2bUK£1.3b17.1x20.2x1.8x
Tue, 16 May 2023UK£26.7bUK£15.1bUK£1.3b17.8x20.2x1.8x
Thu, 13 Apr 2023UK£26.6bUK£15.1bUK£1.3b17.1x20.2x1.8x
Sat, 11 Mar 2023UK£26.6bUK£15.0bUK£1.3b16.9x20.3x1.8x
Price to Earnings Ratio

20.3x


Total Market Cap: UK£26.6bTotal Earnings: UK£1.3bTotal Revenue: UK£15.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 22.3x202420252026
Current Industry PE
  • Investors are optimistic on the British Machinery industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 31.8x which is higher than its 3-year average PE of 22.3x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 8.6% per year over the last three years,
  • Revenues have also declined 6.2% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.K. Industrials industry?

GB Market1.95%
Industrials1.78%
Machinery0.34%
Industrial Machinery0.34%
Construction Machinery and Vehicles0%0
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.5x.
    • Analysts are expecting annual earnings growth of 15.1%, which is higher than its past year's earnings decline of 9.4% per year.
  • Investors are most pessimistic about the Construction Machinery and Vehicles industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 9.4% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 15% 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
MCON Mincon GroupUK£0.546.9%
+UK£7.4m		50.0%PE26.1x
CPH2 Clean Power HydrogenUK£0.0485.6%
+UK£886.1k		-29.6%PS4208.8x

Latest News

MGAM
UK£2.02
Morgan Advanced Materials
7D
-16.0%
1Y
-6.3%
IMI
UK£27.44
IMI
7D
-5.1%
1Y
39.6%

IMI: Slightly Higher Fair Value And P/E Assumptions Will Guide Outlook

The analyst price target for IMI has shifted slightly to reflect an updated fair value of £29.03. Analysts attribute this to small adjustments in the discount rate, revenue growth, profit margin expectations, and a higher assumed future P/E multiple.
VSVS
UK£4.48
Vesuvius
7D
-8.7%
1Y
12.9%

VSVS: Recent Upgrade Momentum Will Support A Balanced Fairly Valued Outlook

The analyst price target for Vesuvius has been raised by £0.60, with analysts highlighting recent upgrades and supportive research commentary as key factors behind this adjustment. Analyst Commentary Bullish Takeaways Bullish analysts view the recent £0.60 price target adjustment as a sign that their expectations for execution and earnings power are being recalibrated upward, which they see as supportive for the current valuation framework.
MCON
UK£0.54
Mincon Group
7D
6.9%
1Y
50.0%
SPX
UK£74.90
Spirax Group
7D
-5.4%
1Y
5.3%

SPX: Stable Assumptions And Modest Uplift Will Guide Future Share Price

Analysts lifted their price target on Spirax Group by £3.50, citing updated assumptions that leave fair value, discount rate, revenue growth, profit margin, and future P/E expectations broadly in line with prior estimates. Analyst Commentary Analysts reviewing the updated price target for Spirax Group are largely treating the move as a fine tuning exercise, with valuation inputs and long term assumptions kept broadly consistent.
ROR
UK£3.72
Rotork
7D
-3.4%
1Y
16.9%

ROR: Fair Outlook Will Rely On Margin Delivery And Higher Future P/E Assumptions

Analysts have raised their fair value estimate for Rotork from £3.92 to £3.99 per share, reflecting updated assumptions on discount rates, margins, and a slightly higher future P/E, in line with recent positive Street research and price target changes. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher fair value estimate of £3.99 per share as consistent with recent positive research and higher price targets, which they see as support for the current valuation assumptions.
GDWN
UK£230.00
Goodwin
7D
-8.7%
1Y
233.3%
WEIR
UK£34.02
Weir Group
7D
-2.2%
1Y
45.1%

WEIR: Minerals Aftermarket, Saudi JV And M&A Will Shape Future Execution

Narrative Update: Weir Group The analyst price target for Weir Group has been revised higher to £3,296 from £3,221, reflecting updated assumptions on fair value and future P/E after several banks lifted their targets in recent research. Analyst Commentary Recent price target moves for Weir Group have clustered around the £3,280 to £3,296 range, with several bullish analysts lifting their fair value assumptions in quick succession.
BOY
UK£7.21
Bodycote
7D
-8.2%
1Y
17.0%

BOY: Elevated Revenue Assumptions Will Drive Future Downside Risk To Margins

Analysts have lifted their price target on Bodycote by £1.00, citing refreshed assumptions around revenue growth, margins and a slightly higher discount rate, with Street research, such as the recent £1.00 target increase from Berenberg, supporting the updated view. Analyst Commentary Recent Street research on Bodycote highlights a mix of optimism and caution.
CPH2
UK£0.048
Clean Power Hydrogen
7D
5.6%
1Y
-29.6%