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U.K. (FTSE) Machinery Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies20
  • 7D0.08%
  • 3M-8.2%
  • 1Y15.5%
  • YTD-2.1%

In the last week, Machinery has been flat. As for the the longer term, the industry is up 15% over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026UK£26.7bUK£12.5bUK£1.0b25.5x26.7x2.1x
Sun, 03 May 2026UK£26.5bUK£12.4bUK£998.4m22.6x26.6x2.1x
Tue, 31 Mar 2026UK£25.7bUK£12.4bUK£1.0b21.8x25.7x2.1x
Thu, 26 Feb 2026UK£31.9bUK£12.2bUK£999.7m29.4x31.9x2.6x
Sat, 24 Jan 2026UK£29.8bUK£12.2bUK£998.5m27.4x29.8x2.4x
Mon, 22 Dec 2025UK£27.2bUK£12.2bUK£998.5m23.9x27.2x2.2x
Wed, 19 Nov 2025UK£26.2bUK£12.2bUK£983.4m24.5x26.7x2.2x
Fri, 17 Oct 2025UK£26.3bUK£12.4bUK£998.5m23.6x26.3x2.1x
Sun, 14 Sep 2025UK£25.7bUK£12.4bUK£1.0b23.5x25.4x2.1x
Tue, 12 Aug 2025UK£24.3bUK£12.4bUK£1.0b23.3x23.3x2x
Thu, 10 Jul 2025UK£24.2bUK£12.5bUK£1.1b22.4x22.4x1.9x
Sat, 07 Jun 2025UK£23.3bUK£12.5bUK£1.1b22.6x21.8x1.9x
Mon, 05 May 2025UK£22.2bUK£12.5bUK£1.1b22.4x20.7x1.8x
Wed, 02 Apr 2025UK£23.0bUK£12.5bUK£1.1b19.9x21.1x1.8x
Fri, 28 Feb 2025UK£24.3bUK£12.6bUK£1.1b21.7x22.1x1.9x
Sun, 26 Jan 2025UK£25.2bUK£12.6bUK£1.1b22.1x23.1x2x
Tue, 24 Dec 2024UK£23.5bUK£12.6bUK£1.1b21.5x21.5x1.9x
Thu, 21 Nov 2024UK£22.7bUK£12.6bUK£1.1b21x20.7x1.8x
Sat, 19 Oct 2024UK£23.4bUK£12.6bUK£1.1b20.2x21.4x1.9x
Mon, 16 Sep 2024UK£24.2bUK£12.6bUK£1.1b20.4x22.1x1.9x
Wed, 14 Aug 2024UK£23.7bUK£12.6bUK£1.1b20.3x21.6x1.9x
Fri, 12 Jul 2024UK£25.6bUK£12.8bUK£1.1b19.7x23.4x2x
Sun, 09 Jun 2024UK£25.8bUK£12.8bUK£1.1b20.3x23.4x2x
Tue, 07 May 2024UK£25.2bUK£12.8bUK£1.1b19.2x22.9x2x
Thu, 04 Apr 2024UK£25.9bUK£12.8bUK£1.1b19x23.4x2x
Sat, 02 Mar 2024UK£25.3bUK£12.8bUK£1.1b18.6x22.2x2x
Mon, 29 Jan 2024UK£26.1bUK£15.8bUK£1.3b17.2x19.7x1.7x
Wed, 27 Dec 2023UK£26.6bUK£15.8bUK£1.3b17.2x20x1.7x
Fri, 24 Nov 2023UK£24.8bUK£15.8bUK£1.3b16.8x18.7x1.6x
Sun, 22 Oct 2023UK£23.2bUK£15.8bUK£1.3b15.3x17.5x1.5x
Tue, 19 Sep 2023UK£25.5bUK£15.8bUK£1.3b15.9x19.3x1.6x
Thu, 17 Aug 2023UK£25.6bUK£15.8bUK£1.3b16.5x19.3x1.6x
Sat, 15 Jul 2023UK£25.9bUK£15.2bUK£1.3b18.1x19.6x1.7x
Mon, 12 Jun 2023UK£26.7bUK£15.2bUK£1.3b16.7x20.1x1.8x
Price to Earnings Ratio

20.1x


Total Market Cap: UK£26.7bTotal Earnings: UK£1.3bTotal Revenue: UK£15.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 22.9x202420252026
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 26.7x which is higher than its 3-year average PE of 22.9x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.1x.
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 6.3% 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-0.63%
Industrials-1.32%
Machinery0.077%
Construction Machinery and Vehicles2.78%
Industrial Machinery0.067%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 23.1x.
    • Analysts are expecting annual earnings growth of 13.3%, which is higher than its past year's earnings growth of 10.8% 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 10.5x.
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?

CompanyLast Price7D1YValuation
IMI IMIUK£28.021.1%
+UK£71.9m		41.1%PE21.7x
WEIR Weir GroupUK£24.380.4%
+UK£25.8m		-0.3%PE25.5x
BOY BodycoteUK£8.230.7%
+UK£10.2m		44.9%PE25.6x
MGAM Morgan Advanced MaterialsUK£2.291.3%
+UK£8.3m		6.8%PS0.6x
ROR RotorkUK£3.080.3%
+UK£8.1m		-3.9%PE21.7x

Latest News

TAND
UK£0.27
Tan Delta Systems
7D
-16.9%
1Y
54.3%
Analysis Article • 1h

We Think Tan Delta Systems (LON:TAND) Needs To Drive Business Growth Carefully

We can readily understand why investors are attracted to unprofitable companies. For example, although...
JDG
UK£42.50
Judges Scientific
7D
-3.4%
1Y
-46.3%
IMI
UK£28.02
IMI
7D
1.1%
1Y
41.1%
Narrative Update • Jun 03

IMI: Buybacks And Dividends Will Support Future Returns And Capital Deployment

Analysts have nudged their price target on IMI slightly higher to around £30.73, citing updated assumptions on revenue growth, profit margins and future P/E that shift their fair value estimate by about £0.20. What's in the News IMI has recommended a 2025 final dividend of 23.2 pence per share, compared with 21.1 pence per share for 2024, with payment scheduled for 15 May 2026 to shareholders on the register at the close of business on 7 April 2026.
SPX
UK£69.25
Spirax Group
7D
-0.9%
1Y
20.6%
Narrative Update • Jun 03

SPX: Higher Dividend Confidence And Premium P E Framework Will Support Shares

Narrative Update The analyst price target for Spirax Group has been raised from £6,000 to £6,800. This reflects analysts' updated fair value estimate alongside recent research that highlights a modestly adjusted discount rate, slightly different revenue growth and profit margin assumptions, and a revised future P/E framework.
MGAM
UK£2.29
Morgan Advanced Materials
7D
1.3%
1Y
6.8%
Narrative Update • Jun 03

MGAM: Higher Margins And Refined P/E Assumptions Will Drive Future Upside

The latest analyst price target for Morgan Advanced Materials has been refined to reflect mixed Street views, with Citi and Deutsche Bank lifting targets to £2.35 and £2.10 respectively, while Jefferies trims its target by £0.25, as analysts factor in updated assumptions on discount rates, revenue growth, profit margins and future P/E levels. Analyst Commentary Recent research shows a split in sentiment, with one investment bank trimming its price target while others refine their models upward.
BOY
UK£8.23
Bodycote
7D
0.7%
1Y
44.9%
Narrative Update • May 29

BOY: Higher P/E Assumptions And M&A Optionality Will Shape Future Repricing

Narrative Update on Bodycote The analyst price target for Bodycote has increased to £8.87 from £8.04, with analysts citing a combination of upward target revisions and valuation-driven rating changes across recent research. Analyst Commentary Recent research on Bodycote shows a mix of supportive and more cautious views, with changes in price targets and ratings largely framed around valuation and expectations for future execution.
GDWN
UK£148.80
Goodwin
7D
-2.7%
1Y
97.3%
WEIR
UK£24.38
Weir Group
7D
0.4%
1Y
-0.3%
New Narrative • May 24

Digital Mining Expansion And Efficiency Gains Will Transform Long Term Earnings Quality

Catalysts About Weir Group Weir Group is a focused technology partner to the mining industry, supplying mission critical engineered equipment and mining software solutions. What are the underlying business or industry changes driving this perspective?
PRV
UK£8.22
Porvair
7D
-4.4%
1Y
-1.2%
Narrative Update • May 24

PRV: Steady Dividend And Margins Will Support Future Rerating Potential

Analysts have held their price target on Porvair steady at £10.07, citing essentially unchanged assumptions for fair value, revenue growth, profit margin and future P/E, along with a slightly lower discount rate. What's in the News On May 19, 2026, investor Richard Bernstein, founder and former investment manager of Crystal Amber, publicly called for a sale of Porvair plc and said he has written to chair John Nicholas urging a review of strategic alternatives, arguing that the company is valued by the stock market below what he sees as its strategic value (Key Developments).
ROR
UK£3.08
Rotork
7D
0.3%
1Y
-3.9%
Analysis Article • May 23

Should You Investigate Rotork plc (LON:ROR) At UK£3.10?

Rotork plc ( LON:ROR ), is not the largest company out there, but it received a lot of attention from a substantial...
VSVS
UK£4.60
Vesuvius
7D
0.5%
1Y
25.4%
Narrative Update • May 21

VSVS: Future Returns Will Reflect Balanced Views On Risks And Execution

Vesuvius's analyst price target has been adjusted, with one recent move cutting the target by £0.20 and another lifting it to £4.40, as analysts factor in updated assumptions on discount rates, revenue growth and profit margins. Analyst Commentary Recent research points to a mixed but cautious tone around Vesuvius, with price targets adjusted both up and down as analysts reassess assumptions on growth, margins and discount rates.
MCON
UK£0.58
Mincon Group
7D
-4.9%
1Y
58.9%
XSG
UK£0.015
Xeros Technology Group
7D
-9.4%
1Y
-21.6%
Analysis Article • May 08

We Think Xeros Technology Group (LON:XSG) Can Afford To Drive Business Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
MPAC
UK£2.73
Mpac Group
7D
5.8%
1Y
-44.4%
SOM
UK£1.85
Somero Enterprises
7D
2.8%
1Y
-26.6%