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U.K. (FTSE) Machinery Industry Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies20
  • 7D2.4%
  • 3M10.8%
  • 1Y21.7%
  • YTD9.7%

The Machinery industry is up 2.4% in the last week, with Weir Group up 4.6%. Meanwhile, Judges Scientific actually underperformed within the industry, shrinking 18% in the last week. In the last 12 months, the industry was up 22%. 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
Fri, 23 Jan 2026UK£30.1bUK£12.2bUK£998.5m26.7x30.1x2.5x
Sun, 21 Dec 2025UK£27.2bUK£12.2bUK£998.5m23.9x27.2x2.2x
Tue, 18 Nov 2025UK£26.7bUK£12.2bUK£983.4m25x27.1x2.2x
Thu, 16 Oct 2025UK£26.1bUK£12.4bUK£998.5m23.5x26.1x2.1x
Sat, 13 Sep 2025UK£25.7bUK£12.4bUK£1.0b23.5x25.4x2.1x
Mon, 11 Aug 2025UK£24.5bUK£12.4bUK£1.0b23x23.5x2x
Wed, 09 Jul 2025UK£24.1bUK£12.5bUK£1.1b22.5x22.4x1.9x
Fri, 06 Jun 2025UK£23.4bUK£12.5bUK£1.1b22.8x21.8x1.9x
Sun, 04 May 2025UK£22.2bUK£12.5bUK£1.1b22.4x20.5x1.8x
Tue, 01 Apr 2025UK£22.9bUK£12.5bUK£1.1b20x21x1.8x
Thu, 27 Feb 2025UK£24.5bUK£12.6bUK£1.1b21.9x22.3x1.9x
Sat, 25 Jan 2025UK£25.2bUK£12.6bUK£1.1b22.1x23.1x2x
Mon, 23 Dec 2024UK£23.8bUK£12.6bUK£1.1b21.7x21.7x1.9x
Wed, 20 Nov 2024UK£22.9bUK£12.6bUK£1.1b21x20.9x1.8x
Fri, 18 Oct 2024UK£23.4bUK£12.6bUK£1.1b20.3x21.4x1.9x
Sun, 15 Sep 2024UK£24.2bUK£12.6bUK£1.1b20.4x22.1x1.9x
Tue, 13 Aug 2024UK£23.8bUK£12.6bUK£1.1b20.3x21.8x1.9x
Thu, 11 Jul 2024UK£25.2bUK£12.8bUK£1.1b19.5x23.1x2x
Sat, 08 Jun 2024UK£25.8bUK£12.8bUK£1.1b20.3x23.4x2x
Mon, 06 May 2024UK£25.2bUK£12.8bUK£1.1b19.2x22.9x2x
Wed, 03 Apr 2024UK£25.9bUK£12.8bUK£1.1b19.1x23.4x2x
Fri, 01 Mar 2024UK£25.3bUK£12.9bUK£1.2b18.1x21x2x
Sun, 28 Jan 2024UK£26.1bUK£15.8bUK£1.3b17.2x19.7x1.7x
Tue, 26 Dec 2023UK£26.6bUK£15.8bUK£1.3b17.2x20x1.7x
Thu, 23 Nov 2023UK£24.7bUK£15.8bUK£1.3b16.4x18.6x1.6x
Sat, 21 Oct 2023UK£23.2bUK£15.8bUK£1.3b15.3x17.5x1.5x
Mon, 18 Sep 2023UK£25.8bUK£15.8bUK£1.3b16.2x19.5x1.6x
Wed, 16 Aug 2023UK£25.6bUK£15.8bUK£1.3b16.5x19.2x1.6x
Fri, 14 Jul 2023UK£25.7bUK£15.2bUK£1.3b18x19.5x1.7x
Sun, 11 Jun 2023UK£26.7bUK£15.2bUK£1.3b16.7x20.1x1.8x
Tue, 09 May 2023UK£27.2bUK£15.1bUK£1.3b18.3x20.5x1.8x
Thu, 06 Apr 2023UK£26.1bUK£15.1bUK£1.3b16.7x19.7x1.7x
Sat, 04 Mar 2023UK£27.8bUK£14.7bUK£1.3b16.1x21.5x1.9x
Mon, 30 Jan 2023UK£25.5bUK£12.2bUK£1.1b18.2x23.7x2.1x
Price to Earnings Ratio

23.7x


Total Market Cap: UK£25.5bTotal Earnings: UK£1.1bTotal Revenue: UK£12.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 22x202420252026
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 30.1x which is higher than its 3-year average PE of 22.0x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 2.4% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

GB Market-0.45%
Industrials-1.89%
Machinery2.44%
Industrial Machinery2.46%
Construction Machinery and Vehicles-2.33%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.2x.
    • Analysts are expecting annual earnings growth of 15.4%, 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 9.9x.
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
WEIR Weir GroupUK£32.104.6%
+UK£365.7m		34.1%PE26.7x
IMI IMIUK£27.321.9%
+UK£127.5m		38.5%PE28x
VSVS VesuviusUK£4.7911.1%
+UK£117.3m		19.2%PE16.6x
SPX Spirax GroupUK£73.701.6%
+UK£84.8m		-3.3%PE33.4x
ROR RotorkUK£3.481.5%
+UK£39.0m		2.7%PE28.8x

Latest News

JDG
UK£48.20
Judges Scientific
7D
-17.7%
1Y
-33.1%
WEIR
UK£32.10
Weir Group
7D
4.6%
1Y
34.1%
PRV
UK£8.70
Porvair
7D
-2.9%
1Y
27.6%
AVG
UK£5.35
Avingtrans
7D
-1.8%
1Y
42.7%
BOY
UK£7.72
Bodycote
7D
1.0%
1Y
22.2%

BOY: Future Multiple Expansion Will Rely On H2 Margin Resilience

Analysts have lowered their price target for Bodycote to £6.00 from £6.10, with the modest reduction accompanied by a slightly higher fair value estimate and updated assumptions for revenue growth, profit margins and future P/E. Analyst Commentary JPMorgan has taken its price target for Bodycote down slightly to £6.00 from £6.10, while maintaining a Neutral stance.
GDWN
UK£250.00
Goodwin
7D
2.0%
1Y
237.8%

Why Investors Shouldn't Be Surprised By Goodwin PLC's (LON:GDWN) 29% Share Price Surge

Jan 16
Why Investors Shouldn't Be Surprised By Goodwin PLC's (LON:GDWN) 29% Share Price Surge
MPAC
UK£3.73
Mpac Group
7D
10.4%
1Y
-35.4%
IMI
UK£27.32
IMI
7D
1.9%
1Y
38.5%

IMI: Reconfirmed Guidance And Organic Expansion Will Support Fair Value Outlook

Analysts have made a small upward adjustment to their price target for IMI, now implying fair value of about $27.88 compared with $27.81 previously. This reflects slightly higher assumptions for revenue growth, profit margins and the discount rate, alongside a largely unchanged future P/E.
SPX
UK£73.70
Spirax Group
7D
1.6%
1Y
-3.3%

Estimating The Fair Value Of Spirax Group plc (LON:SPX)

Jan 12
Estimating The Fair Value Of Spirax Group plc (LON:SPX)
VSVS
UK£4.79
Vesuvius
7D
11.1%
1Y
19.2%

VSVS: Robust Q3 Update And 2025 Guidance Will Support Balanced Repricing Potential

Our analyst price target for Vesuvius has edged higher to reflect a mix of revised Street targets, with some firms trimming expectations and others lifting theirs into the £4.40 to £5.50 range, as analysts respond to recent Q3 trading commentary and updated company outlooks. Analyst Commentary Recent Street research on Vesuvius shows a mix of higher and lower price targets, with views split between those who see the recent Q3 trading update as supportive for the equity story and those who prefer to stay cautious on execution and valuation.
XSG
UK£0.016
Xeros Technology Group
7D
-5.9%
1Y
204.8%
CPH2
UK£0.052
Clean Power Hydrogen
7D
-12.5%
1Y
-32.7%
MCON
UK£0.44
Mincon Group
7D
-1.1%
1Y
20.5%
ROR
UK£3.48
Rotork
7D
1.5%
1Y
2.7%

Investors Should Be Encouraged By Rotork's (LON:ROR) Returns On Capital

Dec 02
Investors Should Be Encouraged By Rotork's (LON:ROR) Returns On Capital
SOM
UK£2.10
Somero Enterprises
7D
-2.3%
1Y
-30.6%