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U.K. (FTSE) Machinery Industry Analysis

UpdatedApr 04, 2026
DataAggregated Company Financials
Companies20
  • 7D3.0%
  • 3M-2.8%
  • 1Y30.1%
  • YTD-2.8%

In the last week, the Machinery industry is up 3.0%, with Weir Group up 4.8%. This takes the industry's 12 month performance to a gain of 30%. 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
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
Sat, 17 Jun 2023UK£26.8bUK£15.2bUK£1.3b17.1x20.2x1.8x
Mon, 15 May 2023UK£26.7bUK£15.1bUK£1.3b17.7x20.1x1.8x
Wed, 12 Apr 2023UK£26.3bUK£15.1bUK£1.3b16.7x19.9x1.7x
Price to Earnings Ratio

19.9x


Total Market Cap: UK£26.3bTotal Earnings: UK£1.3bTotal Revenue: UK£15.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 22.5x202420252026
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 26.5x which is higher than its 3-year average PE of 22.5x.
  • 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 8.8% per year over the last three years,
  • Revenues have also declined 6.2% 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 Market4.54%
Industrials6.08%
Machinery2.99%
Industrial Machinery2.99%
Construction Machinery and Vehicles1.65%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.7x.
    • Analysts are expecting annual earnings growth of 13.2%, 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 10.2x.
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
WEIR Weir GroupUK£28.864.8%
+UK£340.5m		40.6%PE30.2x
SPX Spirax GroupUK£68.854.4%
+UK£213.9m		19.1%PE31.1x
ROR RotorkUK£3.203.2%
+UK£79.0m		11.2%PE22.7x
BOY BodycoteUK£6.323.8%
+UK£39.5m		29.8%PE19.8x
GDWN GoodwinUK£122.002.5%
+UK£22.5m		97.4%PE23.1x

Latest News

MGAM
UK£2.05
Morgan Advanced Materials
7D
2.3%
1Y
12.2%
WEIR
UK£28.86
Weir Group
7D
4.8%
1Y
40.6%
BOY
UK£6.32
Bodycote
7D
3.8%
1Y
29.8%

BOY: Higher P/E Framework And Bolt On Deals Will Support Future Repricing

Narrative Update on Bodycote The updated analyst price target for Bodycote moves slightly lower to about £8.04 from £8.21, as analysts weigh a mix of higher individual targets, such as £7.00, alongside valuation concerns reflected in a recent downgrade to Sector Perform. Analyst Commentary Recent research on Bodycote shows a mix of optimism and caution, with targets clustered around the £7.00 to £7.75 range and a shift in ratings that reflects differing views on valuation and execution risk.
IMI
UK£26.04
IMI
7D
0.5%
1Y
54.4%
MPAC
UK£2.38
Mpac Group
7D
-5.9%
1Y
-38.3%
TRI
UK£0.67
Trifast
7D
11.7%
1Y
9.1%
MCON
UK£0.58
Mincon Group
7D
-4.1%
1Y
63.4%
ROR
UK£3.20
Rotork
7D
3.2%
1Y
11.2%

Here's Why We Think Rotork (LON:ROR) Is Well Worth Watching

Mar 26
Here's Why We Think Rotork (LON:ROR) Is Well Worth Watching
VSVS
UK£4.04
Vesuvius
7D
2.2%
1Y
21.2%

VSVS: Neutral Stance Will Balance Higher Price Assumptions With Execution Risks

Analysts have lifted the price target on Vesuvius by £0.50 to £4.40, citing updated assumptions around fair value, revenue growth, profit margin and future P/E that support a higher valuation despite a slightly higher discount rate. Analyst Commentary Recent research points to a more measured stance on Vesuvius.
GDWN
UK£122.00
Goodwin
7D
2.5%
1Y
97.4%
SPX
UK£68.85
Spirax Group
7D
4.4%
1Y
19.1%

SPX: Higher Margin Assumptions And Dividend Progress Will Support Future Share Price

Spirax Group's analyst price target has shifted higher, with recent Street research pointing to a move from £6,000 to £6,800 as analysts factor in updated assumptions on fair value, growth and margins. Analyst Commentary Recent target changes around Spirax Group give you a mixed picture, with some analysts adjusting fair value assumptions higher while still flagging execution and valuation risks.
FORG
UK£0.00024
Forgent
7D
-11.1%
1Y
-96.4%
AVG
UK£5.40
Avingtrans
7D
-3.6%
1Y
71.4%