U.K. (FTSE) Machinery Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 27 Jul 2026	UK£29.4b	UK£12.5b	UK£1.0b	27.3x	28.7x	2.4x
Wed, 24 Jun 2026	UK£26.5b	UK£12.5b	UK£1.0b	23.6x	26.1x	2.1x
Fri, 22 May 2026	UK£26.2b	UK£12.5b	UK£1.0b	23.6x	26.1x	2.1x
Sun, 19 Apr 2026	UK£29.3b	UK£12.4b	UK£1.0b	25x	29.3x	2.4x
Tue, 17 Mar 2026	UK£27.5b	UK£12.4b	UK£1.0b	23.6x	27.5x	2.2x
Thu, 12 Feb 2026	UK£32.1b	UK£12.2b	UK£999.6m	29.6x	32.1x	2.6x
Sat, 10 Jan 2026	UK£28.7b	UK£12.2b	UK£998.6m	25.7x	28.8x	2.3x
Mon, 08 Dec 2025	UK£27.3b	UK£12.2b	UK£983.5m	24.4x	27.7x	2.2x
Wed, 05 Nov 2025	UK£27.2b	UK£12.2b	UK£983.5m	23.9x	27.7x	2.2x
Fri, 03 Oct 2025	UK£26.8b	UK£12.4b	UK£997.9m	23.7x	26.8x	2.2x
Sun, 31 Aug 2025	UK£25.4b	UK£12.4b	UK£1.0b	23.3x	25.1x	2x
Tue, 29 Jul 2025	UK£24.4b	UK£12.5b	UK£1.1b	21.6x	22.5x	1.9x
Thu, 26 Jun 2025	UK£23.7b	UK£12.5b	UK£1.1b	23x	22.1x	1.9x
Sat, 24 May 2025	UK£22.6b	UK£12.5b	UK£1.1b	22.1x	21.1x	1.8x
Mon, 21 Apr 2025	UK£21.2b	UK£12.5b	UK£1.1b	20.5x	19.4x	1.7x
Wed, 19 Mar 2025	UK£24.2b	UK£12.5b	UK£1.1b	20.8x	22.2x	1.9x
Fri, 14 Feb 2025	UK£25.2b	UK£12.6b	UK£1.1b	21.8x	23.1x	2x
Sun, 12 Jan 2025	UK£23.3b	UK£12.6b	UK£1.1b	21.4x	21.3x	1.8x
Tue, 10 Dec 2024	UK£24.6b	UK£12.6b	UK£1.1b	21.5x	22.5x	2x
Thu, 07 Nov 2024	UK£22.4b	UK£12.6b	UK£1.1b	20.8x	20.5x	1.8x
Sat, 05 Oct 2024	UK£23.8b	UK£12.6b	UK£1.1b	20x	21.7x	1.9x
Mon, 02 Sep 2024	UK£24.4b	UK£12.6b	UK£1.1b	20.8x	22.3x	1.9x
Wed, 31 Jul 2024	UK£25.8b	UK£12.8b	UK£1.1b	19.8x	23.3x	2x
Fri, 28 Jun 2024	UK£25.2b	UK£12.8b	UK£1.1b	19.6x	22.8x	2x
Sun, 26 May 2024	UK£26.5b	UK£12.8b	UK£1.1b	20x	24x	2.1x
Tue, 23 Apr 2024	UK£25.0b	UK£12.8b	UK£1.1b	18.3x	22.7x	2x
Thu, 21 Mar 2024	UK£26.0b	UK£12.8b	UK£1.1b	18.9x	23.5x	2x
Sat, 17 Feb 2024	UK£25.7b	UK£12.9b	UK£1.2b	18.1x	21.4x	2x
Mon, 15 Jan 2024	UK£25.8b	UK£15.8b	UK£1.3b	16.7x	19.5x	1.6x
Wed, 13 Dec 2023	UK£25.6b	UK£15.8b	UK£1.3b	17.2x	19.3x	1.6x
Fri, 10 Nov 2023	UK£24.2b	UK£15.8b	UK£1.3b	15.5x	18.3x	1.5x
Sun, 08 Oct 2023	UK£24.8b	UK£15.8b	UK£1.3b	16.2x	18.8x	1.6x
Tue, 05 Sep 2023	UK£25.6b	UK£15.8b	UK£1.3b	16.1x	19.3x	1.6x
Thu, 03 Aug 2023	UK£26.7b	UK£15.6b	UK£1.4b	17.3x	19.6x	1.7x

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 28.7x which is higher than its 3-year average PE of 23.3x.

The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.4x.

Past Earnings Growth

The earnings for companies in the Machinery industry have declined 9.0% per year over the last three years,
Revenues have also declined 7.2% 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 Market	1.20%
Industrials	2.53%
Machinery	2.59%
Construction Machinery and Vehicles	10.58%
Industrial Machinery	2.56%

Industry PE

Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 23.4x.

Analysts are expecting annual earnings growth of 13.3%, which is higher than its past year's earnings growth of 10.9% 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 10.8x.

Forecasted Growth

Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 13% over the next 5 years.
This is better than its past earnings growth rate of 11% per year.

In contrast, the Industrial Machinery industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
WEIR Weir Group	UK£25.74	5.1% +UK£325.0m	-2.1%	PE26.9x
GDWN Goodwin	UK£186.80	6.5% +UK£85.6m	149.7%	PE35.4x
SPX Spirax Group	UK£69.85	1.5% +UK£77.5m	13.4%	PE31.5x
IMI IMI	UK£29.80	0.5% +UK£37.9m	36.4%	PE22.8x
ROR Rotork	UK£4.88	0.7% +UK£26.0m	51.4%	PE34.4x

Forgent plc Reports Strong Gold Assay Results and Identifies New Exploration Corridor At Peak Hill

Forgent plc announced encouraging gold assay results from its maiden drilling programme at the Peak Hill Gold-Copper Project in Western Australia, which has validated the Company's exploration model, confirmed multiple shallow gold systems and identified a significant new exploration corridor that has the potential to materially increase the scale of the project. Phase 2 drilling will commence in August 2026 to test this new target. Confirmed gold across multiple priority targets, with selected significant intercepts including: PKA040 - 2m @ 3.68g/t Au from 50m; PKA010 - 1m @ 3.11g/t Au from 44m; PKA030 - 1m @ 2.51g/t Au from 26m; PKA041 - 3m @ 0.60g/t Au from 24m; PKA036 - 3m @ 0.54g/t Au from 96m; PKA024 - 1m @ 0.52g/t Au from 29m; PKA019 - 3m @ 0.51g/t Au from 54m. Validated the Company's geological model. Materially de-risked the Peak Hill project. Identified a significant new undrilled exploration corridor which exhibits favourable structure, magnetic complexity and lithological controls. Accelerated phase 2 drilling programme scheduled to commence August 2026. Peak Hill was acquired as an advanced exploration project with an extensive historical exploration database that had not previously been comprehensively reprocessed or retargeted using modern geological modelling and targeting techniques. Following a detailed review of the historical data, Forgent identified seven priority exploration target areas across the Karalundi, Junction and Curley's prospects. At Junction alone, four priority targets were identified where widely spaced historical drilling had outlined broad zones of near-surface orogenic gold mineralisation over strike lengths of up to approximately 800 metres. The Phase 1 drilling programme was designed to: Validate historical drilling results. Extend known mineralisation. Test interpreted structural targets. Evaluate additional mineralised zones generated through the Company's geological reinterpretation. The programme comprised 40 aircore holes for 2,680 metres and was completed during July 2026. Gold assays have now been received for all 1,587 submitted samples. The programme confirmed gold mineralisation across multiple target areas, successfully validating historical exploration results and strengthening confidence in the continuity of the shallow gold mineralisation along several interpreted structural corridors. Together with numerous additional anomalous gold intersections, these results materially reduce geological risk and support the potential for multiple shallow gold systems across the Peak Hill project. Peak Hill is located in an established Western Australian gold district with multiple operating processing plants within trucking distance, providing an attractive development setting should exploration continue to prove successful. In addition to confirming the Company's existing priority targets, interpretation of the Phase 1 drilling programme has highlighted a significant exploration target between the Junction and Curley's prospects. This area displays favourable structural complexity, magnetic anomalies and lies adjacent to an interpreted lithological boundary-features commonly associated with gold mineralisation in the district. Importantly, this corridor has the potential to connect two already mineralised areas and substantially increase the overall exploration footprint of the project. Despite its prospective geological setting, the corridor has seen little historical drilling and represents one of the highest priority exploration targets within the project. It will form a key component of the Company's Phase 2 drilling programme. Planning for the Phase 2 drilling programme is already underway and will be further refined with the multi element assays results when known, with drilling expected to commence during August 2026. The Phase 2 programme is expected to focus on: Extending gold mineralisation along strike and down dip at Junction and Curley's. Further infill drilling across the strongest mineralised zones. First-pass drilling of the newly identified Junction-Curley's target corridor. Advancing the project towards an initial Mineral Resource Estimate. Alongside continued work at Peak Hill, the Company also retains exposure to additional exploration catalysts across its broader Western Australian portfolio, at the Green Rocks Copper-Gold project and the Mount Sholl Nickel-Copper-PGE project option. The information in this announcement that relates to exploration results, mineral resources or ore reserves is based on information compiled by Mr. Edward Mead, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr. Mead is a consultant to the Company. Mr. Mead has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.

U.K. (FTSE) Machinery Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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