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U.K. (FTSE) Machinery Industry Analysis

UpdatedJan 07, 2026
DataAggregated Company Financials
Companies20
  • 7D2.7%
  • 3M6.1%
  • 1Y20.6%
  • YTD2.4%

Over the last 7 days, the Machinery industry has risen 1.9%, driven by gains from Weir Group of 3.7%. This means that the industry has gained 19% over the past year. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Jan 2026UK£28.1bUK£12.2bUK£998.6m24.5x28.1x2.3x
Fri, 05 Dec 2025UK£27.4bUK£12.2bUK£983.5m24.4x27.9x2.2x
Sun, 02 Nov 2025UK£27.5bUK£12.2bUK£983.5m24.5x28x2.3x
Tue, 30 Sep 2025UK£25.9bUK£12.4bUK£997.9m22.7x25.9x2.1x
Thu, 28 Aug 2025UK£25.4bUK£12.4bUK£1.0b23.6x25.1x2x
Sat, 26 Jul 2025UK£24.5bUK£12.5bUK£1.1b21.7x22.6x2x
Mon, 23 Jun 2025UK£23.6bUK£12.5bUK£1.1b23x22x1.9x
Wed, 21 May 2025UK£23.4bUK£12.5bUK£1.1b22.6x21.8x1.9x
Fri, 18 Apr 2025UK£21.2bUK£12.5bUK£1.1b20.5x19.4x1.7x
Sun, 16 Mar 2025UK£24.1bUK£12.5bUK£1.1b20.5x22.1x1.9x
Tue, 11 Feb 2025UK£25.0bUK£12.6bUK£1.1b22.6x22.8x2x
Thu, 09 Jan 2025UK£23.4bUK£12.6bUK£1.1b21.6x21.4x1.9x
Sat, 07 Dec 2024UK£24.3bUK£12.6bUK£1.1b21.7x22.2x1.9x
Mon, 04 Nov 2024UK£22.4bUK£12.6bUK£1.1b20.9x20.5x1.8x
Wed, 02 Oct 2024UK£24.0bUK£12.6bUK£1.1b20.1x21.9x1.9x
Fri, 30 Aug 2024UK£24.3bUK£12.6bUK£1.1b20.7x22.2x1.9x
Sun, 28 Jul 2024UK£25.5bUK£12.8bUK£1.1b20.2x23x2x
Tue, 25 Jun 2024UK£25.5bUK£12.8bUK£1.1b19.8x23.1x2x
Thu, 23 May 2024UK£26.5bUK£12.8bUK£1.1b20.2x24x2.1x
Sat, 20 Apr 2024UK£25.1bUK£12.8bUK£1.1b18.4x22.8x2x
Mon, 18 Mar 2024UK£26.3bUK£12.8bUK£1.1b18.1x23.8x2.1x
Wed, 14 Feb 2024UK£24.7bUK£12.9bUK£1.2b18.1x20.5x1.9x
Fri, 12 Jan 2024UK£25.6bUK£15.8bUK£1.3b16.8x19.3x1.6x
Sun, 10 Dec 2023UK£25.6bUK£15.8bUK£1.3b17.2x19.3x1.6x
Tue, 07 Nov 2023UK£23.5bUK£15.8bUK£1.3b15.6x17.7x1.5x
Thu, 05 Oct 2023UK£25.1bUK£15.8bUK£1.3b16.3x18.9x1.6x
Sat, 02 Sep 2023UK£25.5bUK£15.8bUK£1.3b16.1x19.3x1.6x
Mon, 31 Jul 2023UK£26.7bUK£15.4bUK£1.3b17.4x20.1x1.7x
Wed, 28 Jun 2023UK£25.3bUK£15.2bUK£1.3b17.1x19.1x1.7x
Fri, 26 May 2023UK£26.2bUK£15.2bUK£1.3b17.1x19.8x1.7x
Sun, 23 Apr 2023UK£27.1bUK£15.1bUK£1.3b17.4x20.5x1.8x
Tue, 21 Mar 2023UK£25.8bUK£15.0bUK£1.3b16.3x19.5x1.7x
Thu, 16 Feb 2023UK£27.0bUK£13.9bUK£1.2b17.1x22.8x1.9x
Sat, 14 Jan 2023UK£25.6bUK£12.2bUK£1.1b18.3x23.8x2.1x
Price to Earnings Ratio

23.8x


Total Market Cap: UK£25.6bTotal Earnings: UK£1.1bTotal Revenue: UK£12.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 21.9x202420252026
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 27.8x which is higher than its 3-year average PE of 21.9x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.3x.
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 Market1.90%
Industrials4.37%
Machinery2.73%
Industrial Machinery2.74%
Construction Machinery and Vehicles-0.91%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.1x.
    • Analysts are expecting annual earnings growth of 15.7%, 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 9.8x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 16% 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 16% 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£29.503.7%
+UK£273.0m		34.0%PE24.5x
GDWN GoodwinUK£234.009.9%
+UK£157.7m		197.7%PE44.3x
IMI IMIUK£25.341.4%
+UK£88.2m		37.6%PE26x
SPX Spirax GroupUK£69.651.5%
+UK£77.4m		2.4%PE31.6x
ROR RotorkUK£3.341.7%
+UK£46.2m		5.8%PE27.7x

Latest News

WEIR
UK£29.50
Weir Group
7D
3.7%
1Y
34.0%

WEIR: Minerals Aftermarket Execution And M&A Plans Will Shape Balanced Future Upside

Our analyst price target for Weir Group is unchanged. This reflects a balance between a higher Street target from £29.50 to £33.00 and a £29.00 target paired with a downgrade to Neutral, with analysts pointing to limited near term upside given recent order patterns and the higher bar for Q4 Minerals Aftermarket performance.
BOY
UK£7.26
Bodycote
7D
3.1%
1Y
13.6%

BOY: Higher Profit Outlook And Programmes Will Support Future Share Upside

Analysts have trimmed their fair value estimate for Bodycote to about £9.15 from £8.45, reflecting a slightly lower Street price target of £6.00 and updated assumptions around the discount rate, revenue growth, profit margin and future P/E multiples. Analyst Commentary Recent Street commentary on Bodycote has been relatively cautious, with the headline move being a small reduction in one major bank's price target to 600 GBp from 610 GBp, alongside a Neutral rating.
SPX
UK£69.65
Spirax Group
7D
1.5%
1Y
2.4%
IMI
UK£25.34
IMI
7D
1.4%
1Y
37.6%

IMI: Reaffirmed Earnings Guidance Will Support Future Share Price Upside

Analysts have nudged their price target for IMI slightly higher to approximately $27.81 from about $27.77. This reflects modestly lower perceived risk and a stable outlook for revenue growth, profit margins, and forward valuation multiples.
VSVS
UK£4.09
Vesuvius
7D
2.6%
1Y
-1.9%

VSVS Robust Q3 Update Will Support Higher Earnings And Repricing Potential

The analyst price target for Vesuvius has been nudged higher, supported by analysts citing a robust Q3 trading update and a cluster of upward revisions that now range from about 340 GBp to 550 GBp. Analyst Commentary Analysts remain divided on the near term outlook for Vesuvius, with a cluster of recent target changes reflecting both confidence in the company’s execution and lingering caution around the cyclical backdrop. Bullish Takeaways Bullish analysts highlight the step up in price targets toward the mid 400s GBp and above as evidence that the market is starting to recognise improved earnings power and cash generation.
GDWN
UK£234.00
Goodwin
7D
9.9%
1Y
197.7%
PRV
UK£8.30
Porvair
7D
-0.2%
1Y
20.3%
ROR
UK£3.34
Rotork
7D
1.7%
1Y
5.8%

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
LSC
UK£28.50
London Security
7D
3.6%
1Y
-16.2%
SOM
UK£2.17
Somero Enterprises
7D
-0.9%
1Y
-33.2%