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U.K. (FTSE) Machinery Industry Analysis

UpdatedAug 04, 2026
DataAggregated Company Financials
Companies19
  • 7D1.8%
  • 3M6.3%
  • 1Y21.4%
  • YTD6.8%

In the last week, the Machinery industry is flat overall, with IMI standing out by going down 3.7%. As for the the longer term, the industry is up 22% over the past 12 months. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 04 Aug 2026UK£29.1bUK£12.6bUK£1.1b25.8x27.6x2.3x
Thu, 02 Jul 2026UK£26.6bUK£12.5bUK£1.0b24x26x2.1x
Sat, 30 May 2026UK£26.7bUK£12.5bUK£1.0b25.4x26.7x2.1x
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
Price to Earnings Ratio

19.5x


Total Market Cap: UK£26.1bTotal Earnings: UK£1.3bTotal Revenue: UK£15.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 23.3x202420252026
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 27.3x which is higher than its 3-year average PE of 23.3x.
  • The 3-year average PS ratio of 2.0x 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 7.7% per year over the last three years,
  • Revenues have also declined 6.9% 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 Market0.027%
Industrials1.20%
Machinery1.79%
Construction Machinery and Vehicles4.44%
Industrial Machinery1.78%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 23.5x.
    • Analysts are expecting annual earnings growth of 13.7%, 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 10.8x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 14% 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 14% 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£26.384.5%
+UK£294.1m		6.5%PE25.8x
SPX Spirax GroupUK£71.001.4%
+UK£73.8m		15.4%PE32.1x
BOY BodycoteUK£7.336.2%
+UK£71.6m		15.8%PE21.2x
GDWN GoodwinUK£177.203.3%
+UK£42.1m		90.9%PE33.6x
MGAM Morgan Advanced MaterialsUK£2.335.9%
+UK£35.9m		2.4%PS0.6x

Latest News

ROR
UK£4.86
Rotork
7D
-0.4%
1Y
53.0%
Narrative Update • Aug 01

ROR: Future Returns Will Hinge On ABB Deal Terms And Downgrade Risks

Rotork's updated analyst price target moves to £4.59 from £4.11 as analysts factor in a lower discount rate, a slightly adjusted growth and margin profile, and the recent cluster of downgrades to Neutral or Hold with a £5.03 reference level following ABB's takeover bid. Analyst Commentary Recent commentary around Rotork has become more balanced as the market reacts to ABB's takeover bid and the cluster of downgrades to Neutral or Hold.
IMI
UK£29.36
IMI
7D
-3.7%
1Y
34.9%
VSVS
UK£3.71
Vesuvius
7D
-17.9%
1Y
5.9%
Narrative Update • Jul 31

VSVS: Future Returns Will Reflect Profit Warning And Cautious Outlook Revisions

Analysts have reduced their fair value estimate for Vesuvius to £3.50 from £4.20, citing the recent profit warning and a shift to more cautious assumptions on growth, margins and future P/E multiples, following a downgrade in Street research to Neutral with a £4.20 price target. What's in the News for Vesuvius Vesuvius issued earnings guidance for the first half of 2026, with trading profit expected to be £74 million.
WEIR
UK£26.36
Weir Group
7D
0.8%
1Y
5.4%
AVG
UK£7.20
Avingtrans
7D
1.4%
1Y
71.4%
BOY
UK£7.23
Bodycote
7D
3.6%
1Y
15.2%
FORG
UK£0.00013
Forgent
7D
-18.8%
1Y
-97.6%
TRI
UK£0.81
Trifast
7D
5.5%
1Y
-1.5%
New Narrative • Jul 21

Digital Transformation Risks And Slow Sector Shift Will Test Margins Yet Support A Gradual Turnaround

Catalysts About Trifast Trifast is a global provider of engineered fastening products and supply chain solutions to manufacturers across sectors such as automotive, smart infrastructure and medical equipment. What are the underlying business or industry changes driving this perspective?
MPAC
UK£3.25
Mpac Group
7D
2.5%
1Y
-4.4%
JDG
UK£45.70
Judges Scientific
7D
-0.4%
1Y
-24.8%
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£8.50
Porvair
7D
3.4%
1Y
13.3%
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.
GDWN
UK£173.20
Goodwin
7D
-6.9%
1Y
100.5%
CPH2
UK£0.014
Clean Power Hydrogen
7D
-7.7%
1Y
-74.8%
MGAM
UK£2.26
Morgan Advanced Materials
7D
0.4%
1Y
0.9%
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.
SPX
UK£69.45
Spirax Group
7D
-1.9%
1Y
11.4%
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.
LSC
UK£36.00
London Security
7D
1.4%
1Y
-1.4%