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U.K. (FTSE) Machinery Industry Analysis

UpdatedApr 27, 2026
DataAggregated Company Financials
Companies20
  • 7D-2.2%
  • 3M-6.5%
  • 1Y31.9%
  • YTD3.1%

Over the last 7 days, the Machinery industry has dropped 4.6%, driven by IMI declining 1.0%. This takes the industry's 12 month performance to a gain of 24%. 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
Mon, 27 Apr 2026UK£28.1bUK£12.4bUK£998.2m22.8x28.2x2.3x
Wed, 25 Mar 2026UK£26.2bUK£12.4bUK£1.0b23.2x26.2x2.1x
Fri, 20 Feb 2026UK£31.7bUK£12.2bUK£999.7m29x31.7x2.6x
Sun, 18 Jan 2026UK£29.4bUK£12.2bUK£998.6m27.1x29.4x2.4x
Tue, 16 Dec 2025UK£27.3bUK£12.2bUK£983.4m24.2x27.7x2.2x
Thu, 13 Nov 2025UK£27.7bUK£12.2bUK£983.4m25.9x28.2x2.3x
Sat, 11 Oct 2025UK£26.5bUK£12.4bUK£998.5m23.6x26.6x2.1x
Mon, 08 Sep 2025UK£25.6bUK£12.4bUK£1.0b23.2x25.2x2.1x
Wed, 06 Aug 2025UK£24.3bUK£12.5bUK£1.1b23.7x22.5x1.9x
Fri, 04 Jul 2025UK£24.4bUK£12.5bUK£1.1b22.5x22.6x1.9x
Sun, 01 Jun 2025UK£23.2bUK£12.5bUK£1.1b22.5x21.6x1.9x
Tue, 29 Apr 2025UK£21.7bUK£12.5bUK£1.1b20.4x19.9x1.7x
Thu, 27 Mar 2025UK£23.9bUK£12.5bUK£1.1b20.3x22x1.9x
Sat, 22 Feb 2025UK£24.8bUK£12.6bUK£1.1b21.8x22.7x2x
Mon, 20 Jan 2025UK£24.5bUK£12.6bUK£1.1b22.1x22.4x1.9x
Wed, 18 Dec 2024UK£23.9bUK£12.6bUK£1.1b21.6x21.9x1.9x
Fri, 15 Nov 2024UK£23.0bUK£12.6bUK£1.1b21.1x21x1.8x
Sun, 13 Oct 2024UK£23.4bUK£12.6bUK£1.1b20.6x21.4x1.9x
Tue, 10 Sep 2024UK£23.7bUK£12.6bUK£1.1b20.5x21.7x1.9x
Thu, 08 Aug 2024UK£24.4bUK£12.6bUK£1.1b20.2x22.5x1.9x
Sat, 06 Jul 2024UK£25.3bUK£12.8bUK£1.1b19.4x23.2x2x
Mon, 03 Jun 2024UK£26.1bUK£12.8bUK£1.1b20.3x23.6x2x
Wed, 01 May 2024UK£25.3bUK£12.8bUK£1.1b19.2x22.9x2x
Fri, 29 Mar 2024UK£26.1bUK£12.8bUK£1.1b18.9x23.5x2x
Sun, 25 Feb 2024UK£25.6bUK£12.9bUK£1.2b17.2x21.3x2x
Tue, 23 Jan 2024UK£25.7bUK£15.8bUK£1.3b17.4x19.4x1.6x
Thu, 21 Dec 2023UK£26.6bUK£15.8bUK£1.3b17.2x20.1x1.7x
Sat, 18 Nov 2023UK£24.7bUK£15.8bUK£1.3b15.9x18.6x1.6x
Mon, 16 Oct 2023UK£24.1bUK£15.8bUK£1.3b16.5x18.2x1.5x
Wed, 13 Sep 2023UK£25.4bUK£15.8bUK£1.3b15.9x19.2x1.6x
Fri, 11 Aug 2023UK£26.1bUK£15.7bUK£1.3b16.9x19.5x1.7x
Sun, 09 Jul 2023UK£25.1bUK£15.2bUK£1.3b17.1x18.9x1.7x
Tue, 06 Jun 2023UK£26.8bUK£15.2bUK£1.3b16.7x20.2x1.8x
Thu, 04 May 2023UK£26.9bUK£15.1bUK£1.3b18x20.2x1.8x
Price to Earnings Ratio

20.2x


Total Market Cap: UK£26.9bTotal Earnings: UK£1.3bTotal Revenue: UK£15.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 22.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the British Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 22.7x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 9.2% per year over the last three years,
  • Revenues have also declined 6.4% 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-2.14%
Industrials-5.53%
Machinery-2.25%
Industrial Machinery-2.24%
Construction Machinery and Vehicles-3.68%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 22.9x.
    • Analysts are expecting annual earnings growth of 16.2%, 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 10.3x.
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 growth rate of 11% 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
JDG Judges ScientificUK£46.503.9%
+UK£11.7m		-23.5%PE56.3x
CPH2 Clean Power HydrogenUK£0.1037.9%
+UK£9.7m		73.9%PS8860.6x
VSVS VesuviusUK£4.380.6%
+UK£6.9m		32.1%PE20.7x
PRV PorvairUK£7.262.0%
+UK£6.5m		-0.5%PE18.6x
MCON Mincon GroupUK£0.590.8%
+UK£1.1m		67.6%PE30.4x

Latest News

WEIR
UK£29.96
Weir Group
7D
-3.0%
1Y
32.3%
IMI
UK£28.78
IMI
7D
-0.3%
1Y
62.1%
JDG
UK£46.50
Judges Scientific
7D
3.9%
1Y
-23.5%

JDG: Higher Margin Assumptions Will Support Upside Despite Recent Downgrade

Analysts have trimmed their price target on Judges Scientific, cutting it by £0.00 to reflect updated views on discount rates, expected revenue trends, profit margins and a lower future P/E multiple following recent research, including a downgrade at Jefferies. Analyst Commentary Recent research around Judges Scientific has focused squarely on how reliable future growth might be, how much investors should pay for that growth through the P/E multiple, and what discount rates make sense given current market conditions.
GDWN
UK£113.20
Goodwin
7D
-16.8%
1Y
63.1%
MPAC
UK£2.23
Mpac Group
7D
-17.6%
1Y
-45.4%
PRV
UK£7.26
Porvair
7D
2.0%
1Y
-0.5%

PRV: Dividend Progress And Higher Future P/E Will Support Re Rating

Analysts have nudged their price target on Porvair up from £9.33 to about £10.07, reflecting updated assumptions for slightly higher revenue growth and a higher future P/E, partially tempered by a modest adjustment to expected profit margins and the discount rate. What's in the News Porvair held an Analyst/Investor Day, giving the market a closer look at its business and outlook (Key Developments).
BOY
UK£6.95
Bodycote
7D
-0.9%
1Y
49.5%
VSVS
UK£4.38
Vesuvius
7D
0.6%
1Y
32.1%

VSVS: Future Returns Will Balance Execution Risks And Fine Tuned Expectations

Vesuvius's analyst price target has been fine tuned within a range framed by JPMorgan's earlier move to £4.40 and Jefferies' later £0.20 cut, as analysts weigh slightly higher long term growth and margin assumptions against updated risk and discount rate inputs. Analyst Commentary Recent Street research points to a mixed but careful stance on Vesuvius, with targets and ratings being fine tuned rather than reset.
XSG
UK£0.014
Xeros Technology Group
7D
2.1%
1Y
32.4%
ROR
UK£3.28
Rotork
7D
-3.9%
1Y
9.5%

ROR: Future Upside Will Hinge On M&A Discipline And Capital Deployment

Rotork's analyst price target has been trimmed slightly to £3.90 from about £3.92, as analysts factor in more cautious assumptions around discount rates, revenue growth and margins following a recent wave of target reductions and a downgrade alongside one recent upgrade. Analyst Commentary Recent research on Rotork has centered on fine tuning valuation assumptions rather than making wholesale changes to the investment case, with several price target moves in a tight range around £3.90 to £4.20.
SPX
UK£73.56
Spirax Group
7D
-1.3%
1Y
25.3%

SPX: Higher Dividend Signals Will Test Rich P E Against Execution Risks

Analysts have lifted their price targets on Spirax Group by £800, from £6,000 to £6,800. This change reflects updated assumptions on revenue growth, profit margins and forward P/E levels.
CPH2
UK£0.10
Clean Power Hydrogen
7D
37.9%
1Y
73.9%
MGAM
UK£2.15
Morgan Advanced Materials
7D
-4.0%
1Y
12.0%

MGAM: Higher Margin Assumptions And Mixed P E Views Will Support Upside

The analyst price target for Morgan Advanced Materials has been adjusted to reflect mixed recent research, with some firms lifting targets into the £2.10 to £2.65 range and others trimming estimates, as analysts reassess assumptions for growth, margins and future P/E multiples. Analyst Commentary Recent Street research around Morgan Advanced Materials shows a split set of views, with some bullish analysts lifting price targets and others trimming them, as they reassess the shares against updated expectations for growth, margins and future P/E multiples.
MCON
UK£0.59
Mincon Group
7D
0.8%
1Y
67.6%