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U.K. (FTSE) Machinery Industry Analysis

UpdatedJul 13, 2026
DataAggregated Company Financials
Companies19
  • 7D-2.7%
  • 3M-8.6%
  • 1Y9.0%
  • YTD-4.3%

Over the last 7 days, the Machinery industry has dropped 2.7%, driven by a pullback from Weir Group of 4.0%. Meanwhile, Avingtrans actually outperformed within the industry, gaining 6.3% in the last week. Over the past 12 months, the industry was up 9.0%. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Jul 2026UK£26.0bUK£12.5bUK£1.0b21.6x25.4x2.1x
Wed, 10 Jun 2026UK£26.0bUK£12.5bUK£1.0b23.2x25.9x2.1x
Fri, 08 May 2026UK£27.4bUK£12.4bUK£998.4m23x27.4x2.2x
Sun, 05 Apr 2026UK£26.6bUK£12.4bUK£1.0b22.9x26.5x2.1x
Tue, 03 Mar 2026UK£31.8bUK£12.2bUK£1.0b29.2x31.8x2.6x
Thu, 29 Jan 2026UK£30.1bUK£12.2bUK£998.4m27.9x30.2x2.5x
Sat, 27 Dec 2025UK£27.1bUK£12.2bUK£998.5m23.9x27.1x2.2x
Mon, 24 Nov 2025UK£26.2bUK£12.2bUK£983.6m24.2x26.6x2.1x
Wed, 22 Oct 2025UK£26.3bUK£12.4bUK£998.5m23.8x26.3x2.1x
Fri, 19 Sep 2025UK£25.8bUK£12.4bUK£1.0b23.5x25.6x2.1x
Sun, 17 Aug 2025UK£25.0bUK£12.4bUK£1.0b23x24.7x2x
Tue, 15 Jul 2025UK£24.3bUK£12.5bUK£1.1b23.2x22.4x1.9x
Thu, 12 Jun 2025UK£23.9bUK£12.5bUK£1.1b23.2x22.3x1.9x
Sat, 10 May 2025UK£22.9bUK£12.5bUK£1.1b22.7x21.3x1.8x
Mon, 07 Apr 2025UK£20.8bUK£12.5bUK£1.1b19.5x19.1x1.7x
Wed, 05 Mar 2025UK£24.2bUK£12.6bUK£1.2b20.1x20.7x1.9x
Fri, 31 Jan 2025UK£25.4bUK£12.6bUK£1.1b22.7x23.2x2x
Sun, 29 Dec 2024UK£23.7bUK£12.6bUK£1.1b21.8x21.6x1.9x
Tue, 26 Nov 2024UK£23.7bUK£12.6bUK£1.1b21.6x21.6x1.9x
Thu, 24 Oct 2024UK£22.9bUK£12.6bUK£1.1b20.3x20.9x1.8x
Sat, 21 Sep 2024UK£23.9bUK£12.6bUK£1.1b20.4x21.7x1.9x
Mon, 19 Aug 2024UK£23.9bUK£12.6bUK£1.1b20.7x21.8x1.9x
Wed, 17 Jul 2024UK£25.8bUK£12.8bUK£1.1b20.1x23.6x2x
Fri, 14 Jun 2024UK£25.6bUK£12.8bUK£1.1b19.8x23.2x2x
Sun, 12 May 2024UK£26.5bUK£12.8bUK£1.1b20.3x24.1x2.1x
Tue, 09 Apr 2024UK£25.8bUK£12.8bUK£1.1b19.2x23.4x2x
Thu, 07 Mar 2024UK£25.6bUK£12.8bUK£1.1b17.9x22.4x2x
Sat, 03 Feb 2024UK£26.2bUK£15.8bUK£1.3b17.2x19.8x1.7x
Mon, 01 Jan 2024UK£26.7bUK£15.8bUK£1.3b17.2x20.1x1.7x
Wed, 29 Nov 2023UK£24.9bUK£15.8bUK£1.3b16.8x18.7x1.6x
Fri, 27 Oct 2023UK£22.9bUK£15.8bUK£1.3b15.3x17.3x1.5x
Sun, 24 Sep 2023UK£25.3bUK£15.8bUK£1.3b15.8x19.1x1.6x
Tue, 22 Aug 2023UK£24.9bUK£15.8bUK£1.3b15.8x18.7x1.6x
Thu, 20 Jul 2023UK£26.6bUK£15.2bUK£1.3b18x20.1x1.7x
Price to Earnings Ratio

20.1x


Total Market Cap: UK£26.6bTotal Earnings: UK£1.3bTotal Revenue: UK£15.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 23.2x202420252026
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 23.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 8.1% 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-1.38%
Industrials-3.06%
Machinery-2.73%
Construction Machinery and Vehicles0%0
Industrial Machinery-2.74%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 23.3x.
    • Analysts are expecting annual earnings growth of 13.1%, which is higher than its past year's earnings growth of 10.9% 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 10.7x.
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
AVG AvingtransUK£6.706.3%
+UK£13.3m		59.5%PE31.5x
JDG Judges ScientificUK£48.502.1%
+UK£6.7m		-41.1%PE58.7x
MGAM Morgan Advanced MaterialsUK£2.150.9%
+UK£5.5m		-6.9%PS0.6x
MPAC Mpac GroupUK£3.005.3%
+UK£4.5m		8.1%PS0.5x
TRI TrifastUK£0.823.3%
+UK£3.5m		14.9%PS0.5x

Latest News

AVG
UK£6.70
Avingtrans
7D
6.3%
1Y
59.5%
MPAC
UK£3.00
Mpac Group
7D
5.3%
1Y
8.1%
JDG
UK£48.50
Judges Scientific
7D
2.1%
1Y
-41.1%
Narrative Update • Jul 10

JDG: Higher Margin Outlook And Dividend Policy Will Support Upside

Analysts have raised their fair value estimate for Judges Scientific from £40.15 to £56.00, citing updated assumptions on the discount rate, revenue trends, profit margins and future P/E levels. What’s in the News for Judges Scientific Judges Scientific plc appointed RSM UK Audit LLP as external auditor for the financial year ending December 31, 2026, following an extensive tender process.
PRV
UK£8.22
Porvair
7D
0.5%
1Y
10.8%
Narrative Update • Jul 09

PRV: Engineered Filtration Compounder Will Seek Higher Re Rating After Buy Initiation

Analysts have increased their fair value estimate for Porvair from £7.12 to £9.00, citing new coverage that highlights the company as a consistent earnings "compounder" in engineered filtration, laboratory, and metal melt products and supports a £10.50 price target. What's in the News for Porvair Richard Bernstein, founder and former investment manager of Crystal Amber, has publicly called for a sale of Porvair plc.
TRI
UK£0.82
Trifast
7D
3.3%
1Y
14.9%
New Narrative • Jul 07

Smart Infrastructure And Supply Chain Solutions Will Transform Margins Over The Coming Years

Catalysts About Trifast Trifast supplies engineered fastening components and embedded supply chain solutions to manufacturers around the world. What are the underlying business or industry changes driving this perspective?
WEIR
UK£23.96
Weir Group
7D
-4.0%
1Y
-7.3%
Narrative Update • Jul 06

WEIR: Mixed Broker Views And CEO Transition Will Shape Future Risk Profile

Analysts have trimmed the fair value estimate for Weir Group from £25.90 to £25.00, reflecting slightly lower revenue growth assumptions, a modestly softer profit margin outlook and a higher discount rate, even as Street price targets have broadly moved higher in recent weeks. Analyst Commentary Recent Street research on Weir Group presents a mixed picture, with some higher price targets sitting alongside more cautious revisions.
GDWN
UK£171.60
Goodwin
7D
-3.9%
1Y
125.2%
CPH2
UK£0.014
Clean Power Hydrogen
7D
-89.7%
1Y
-72.8%
BOY
UK£6.48
Bodycote
7D
-2.0%
1Y
8.9%
Narrative Update • Jun 26

BOY: Post Apollo Exit Execution Will Determine Tight Margins And Upside Potential

Analysts have nudged the fair value estimate for Bodycote up from £6.70 to £7.50. This reflects updated price targets from firms such as RBC Capital, Barclays and Deutsche Bank that factor in the clarified takeover outlook and renewed confidence in the company’s strategy.
MGAM
UK£2.15
Morgan Advanced Materials
7D
0.9%
1Y
-6.9%
Narrative Update • Jun 22

MGAM: Higher Margins And Lower P/E Assumptions Will Support Future Upside

Morgan Advanced Materials' analyst price target has been cut by £0.25 per share, with analysts pointing to updated views on discount rates, revenue growth, profit margins and future P/E assumptions as key drivers of the change. What's in the News for Morgan Advanced Materials Morgan Advanced Materials has announced that Chief Financial Officer Richard Armitage plans to retire, with his departure from the role and the Board expected in the first half of 2027.
VSVS
UK£4.45
Vesuvius
7D
-1.8%
1Y
13.8%
Narrative Update • Jun 22

VSVS: Trimmed Broker Outlook And Updated Assumptions Will Guide Measured Reassessment

Analysts have trimmed their Vesuvius price target by £0.20, citing updated assumptions around fair value, discount rates, revenue growth, profit margins and future P/E multiples. What's in the News for Vesuvius No recent Vesuvius specific news items were identified from the provided sources.
IMI
UK£28.18
IMI
7D
-2.8%
1Y
31.8%
Narrative Update • Jun 19

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

Analysts have slightly adjusted their fair value estimate for IMI, with the price target moving from about £30.73 to about £30.61. This reflects updated assumptions on discount rate, revenue growth, profit margin and future P/E multiples.
SPX
UK£65.55
Spirax Group
7D
-2.2%
1Y
8.9%
Narrative Update • Jun 17

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

Analysts have trimmed their Spirax Group price target to £81.17, reflecting a slightly lower discount rate and marginally adjusted future P/E expectations following recent research updates. What’s in the News for Spirax Group Spirax Group proposed a final dividend of 121.1 pence per share for 2025, subject to shareholder approval.
ROR
UK£2.97
Rotork
7D
-1.3%
1Y
-6.9%
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...
MCON
UK£0.60
Mincon Group
7D
1.7%
1Y
72.9%