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U.K. (FTSE) Machinery Industry Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies20
  • 7D0.5%
  • 3M9.7%
  • 1Y19.0%
  • YTD10.2%

The Machinery industry has stayed flat over the last week. The past year has been better, since the industry has gained 19% in that time. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 06 Feb 2023UK£27.7bUK£13.9bUK£1.2b17x23.3x2x
Price to Earnings Ratio

23.3x


Total Market Cap: UK£27.7bTotal Earnings: UK£1.2bTotal Revenue: UK£13.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 22.1x202420252026
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 30.2x which is higher than its 3-year average PE of 22.1x.
  • 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 5.6% per year over the last three years,
  • Revenues have also declined 4.2% 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 Market0.36%
Industrials-4.11%
Machinery0.50%
Construction Machinery and Vehicles9.52%
Industrial Machinery0.46%
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 15.1%, 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 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£32.641.7%
+UK£139.1m		34.5%PE27.1x
IMI IMIUK£27.520.7%
+UK£49.0m		37.9%PE28.2x
ROR RotorkUK£3.531.2%
+UK£33.0m		0.7%PE29.2x
JDG Judges ScientificUK£51.607.1%
+UK£22.6m		-27.3%PE31.2x
AVG AvingtransUK£6.0012.1%
+UK£21.3m		64.4%PE29.9x

Latest News

SOM
UK£2.30
Somero Enterprises
7D
9.5%
1Y
-19.6%
EQT
UK£0.0007
EQTEC
7D
-33.3%
1Y
-84.4%
ROR
UK£3.53
Rotork
7D
1.2%
1Y
0.7%

Should You Think About Buying Rotork plc (LON:ROR) Now?

Jan 28
Should You Think About Buying Rotork plc (LON:ROR) Now?
JDG
UK£51.60
Judges Scientific
7D
7.1%
1Y
-27.3%

Pessimistic View Expects Research Headwinds And Acquisition Constraints To Pressure Future Performance

Catalysts About Judges Scientific Judges Scientific acquires and operates specialist scientific instrument businesses that sell measurement and analysis equipment into research and industrial markets. What are the underlying business or industry changes driving this perspective?
IMI
UK£27.52
IMI
7D
0.7%
1Y
37.9%

IMI: Reconfirmed 2025 Guidance And Organic Expansion Will Support Fair Value Outlook

Analysts have raised their price target on IMI to €28.50 from €27.88, citing slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E as the main drivers of the change. What's in the News IMI reconfirmed earnings guidance for the full year 2025, signaling no change to management's outlook for the period (Key Developments).
MGAM
UK£2.30
Morgan Advanced Materials
7D
-4.0%
1Y
-15.4%

MGAM: Future Portfolio Actions And Capital Discipline Will Support Upside Potential

Analysts have raised their price target on Morgan Advanced Materials to £2.65 per share, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Bullish analysts see the revised £2.65 price target as a fresh reference point for what they view as fair value, based on updated assumptions for discount rate, revenue growth, profit margins and future P/E.
VSVS
UK£4.64
Vesuvius
7D
-3.1%
1Y
12.2%

VSVS: Robust Q3 Update And 2025 Guidance Will Shape Balanced Repricing Outlook

Analysts have nudged their price targets on Vesuvius higher, reflected in our fair value estimate moving from 4.57 to 4.75. This is supported by recent target increases from Jefferies, Deutsche Bank, Berenberg, BNP Paribas and JPMorgan, alongside slightly adjusted assumptions for revenue growth, discount rate, profit margin and future P/E.
SPX
UK£73.35
Spirax Group
7D
-0.5%
1Y
-10.4%

SPX: Reaffirmed Guidance And Premium P/E Expectations Will Shape Future Share Price

Our updated narrative for Spirax Group reflects a slightly higher fair value, now £78.24 from £77.42, supported by analysts raising price targets in the £7,400 to £10,500 range and focusing on steady revenue growth assumptions alongside a marginally higher future P/E multiple. Analyst Commentary Recent Street research around Spirax Group clusters around higher price targets and a reassessment of the risk or reward trade off as the share price and earnings expectations evolve.
WEIR
UK£32.64
Weir Group
7D
1.7%
1Y
34.5%

WEIR: Minerals Aftermarket Delivery And M&A Execution Will Drive Balanced Future Returns

The updated analyst price target for Weir Group has moved slightly higher to £31.78 from £31.23. This change reflects recent target increases reported by several banks and analyst expectations for higher revenue growth and a modestly higher future P/E, partly offset by slightly lower profit margin assumptions.
PRV
UK£8.60
Porvair
7D
-1.1%
1Y
26.5%
AVG
UK£6.00
Avingtrans
7D
12.1%
1Y
64.4%
BOY
UK£7.51
Bodycote
7D
-2.7%
1Y
18.3%

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.
MPAC
UK£3.75
Mpac Group
7D
0.7%
1Y
-32.9%
XSG
UK£0.016
Xeros Technology Group
7D
-1.6%
1Y
200.0%
MCON
UK£0.46
Mincon Group
7D
4.5%
1Y
27.8%
TRI
UK£0.78
Trifast
7D
-3.2%
1Y
0.5%