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U.K. (FTSE) Machinery Industry Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies20
  • 7D7.1%
  • 3M-0.6%
  • 1Y39.0%
  • YTD4.1%

Over the last 7 days, the Machinery industry has risen 7.1%, driven by gains in Weir Group and IMI of 7.3% and 8.2%, respectively. This takes the industry's 12 month performance to a gain of 39%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026UK£28.4bUK£12.4bUK£1.0b24x28.4x2.3x
Mon, 09 Mar 2026UK£29.2bUK£12.3bUK£978.0m26.4x29.9x2.4x
Wed, 04 Feb 2026UK£30.8bUK£12.2bUK£998.5m29x30.9x2.5x
Fri, 02 Jan 2026UK£27.3bUK£12.2bUK£998.5m23.9x27.3x2.2x
Sun, 30 Nov 2025UK£26.6bUK£12.2bUK£983.5m24.4x27.1x2.2x
Tue, 28 Oct 2025UK£27.7bUK£12.4bUK£998.5m24.2x27.8x2.2x
Thu, 25 Sep 2025UK£26.0bUK£12.4bUK£995.5m22.6x26.1x2.1x
Sat, 23 Aug 2025UK£25.8bUK£12.4bUK£1.0b23.9x25.4x2.1x
Mon, 21 Jul 2025UK£24.8bUK£12.5bUK£1.1b21.8x22.8x2x
Wed, 18 Jun 2025UK£24.1bUK£12.5bUK£1.1b23.1x22.5x1.9x
Fri, 16 May 2025UK£23.4bUK£12.5bUK£1.1b23x21.8x1.9x
Sun, 13 Apr 2025UK£20.8bUK£12.5bUK£1.1b19.9x19.1x1.7x
Tue, 11 Mar 2025UK£24.4bUK£12.5bUK£1.2b20.1x21.1x1.9x
Thu, 06 Feb 2025UK£25.2bUK£12.6bUK£1.1b22x23.1x2x
Sat, 04 Jan 2025UK£23.6bUK£12.6bUK£1.1b21.7x21.5x1.9x
Mon, 02 Dec 2024UK£24.0bUK£12.6bUK£1.1b21.7x21.9x1.9x
Wed, 30 Oct 2024UK£22.7bUK£12.6bUK£1.1b20.6x20.7x1.8x
Fri, 27 Sep 2024UK£24.5bUK£12.6bUK£1.1b20.2x22.4x1.9x
Sun, 25 Aug 2024UK£23.9bUK£12.6bUK£1.1b20.6x21.8x1.9x
Tue, 23 Jul 2024UK£25.6bUK£12.8bUK£1.1b20.1x23.4x2x
Thu, 20 Jun 2024UK£25.1bUK£12.8bUK£1.1b19.7x22.7x2x
Sat, 18 May 2024UK£26.4bUK£12.8bUK£1.1b20.4x23.9x2.1x
Mon, 15 Apr 2024UK£25.7bUK£12.8bUK£1.1b19.4x23.3x2x
Wed, 13 Mar 2024UK£26.2bUK£12.8bUK£1.1b18x23.5x2x
Fri, 09 Feb 2024UK£25.0bUK£12.9bUK£1.2b18.1x20.8x1.9x
Sun, 07 Jan 2024UK£25.7bUK£15.8bUK£1.3b16.7x19.4x1.6x
Tue, 05 Dec 2023UK£25.0bUK£15.8bUK£1.3b16.8x18.8x1.6x
Thu, 02 Nov 2023UK£23.0bUK£15.8bUK£1.3b15.5x17.4x1.5x
Sat, 30 Sep 2023UK£25.4bUK£15.8bUK£1.3b16.5x19.2x1.6x
Mon, 28 Aug 2023UK£24.9bUK£15.8bUK£1.3b15.8x18.7x1.6x
Wed, 26 Jul 2023UK£26.6bUK£15.2bUK£1.3b17.6x20.2x1.8x
Fri, 23 Jun 2023UK£25.6bUK£15.2bUK£1.3b17.2x19.3x1.7x
Sun, 21 May 2023UK£27.2bUK£15.2bUK£1.3b17.4x20.5x1.8x
Tue, 18 Apr 2023UK£27.1bUK£15.1bUK£1.3b17.3x20.5x1.8x
Price to Earnings Ratio

20.5x


Total Market Cap: UK£27.1bTotal Earnings: UK£1.3bTotal Revenue: UK£15.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 22.6x202420252026
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 28.4x which is higher than its 3-year average PE of 22.6x.
  • 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 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 Market1.87%
Industrials2.40%
Machinery7.07%
Industrial Machinery7.09%
Construction Machinery and Vehicles1.35%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.8x.
    • Analysts are expecting annual earnings growth of 13.1%, 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£30.987.3%
+UK£546.9m		46.4%PE32.4x
IMI IMIUK£28.188.2%
+UK£518.7m		69.6%PE22x
SPX Spirax GroupUK£74.187.7%
+UK£396.2m		28.2%PE33.5x
ROR RotorkUK£3.364.9%
+UK£125.2m		17.2%PE23.8x
BOY BodycoteUK£6.919.3%
+UK£98.9m		50.0%PE21.6x

Latest News

IMI
UK£28.18
IMI
7D
8.2%
1Y
69.6%
SPX
UK£74.18
Spirax Group
7D
7.7%
1Y
28.2%
VSVS
UK£4.33
Vesuvius
7D
7.3%
1Y
31.7%

VSVS: Higher Fair Value Assumptions Will Support More Constructive Outlook

Vesuvius moves into this Narrative Update with a modestly higher fair value estimate, reinforced by a series of analyst price target increases, including a shift from £3.90 to £4.40 that reflects updated views on its growth, profitability and P/E assumptions. Analyst Commentary Recent Street research points to a more constructive stance on Vesuvius, with higher price targets and at least one upgrade feeding into the modestly higher fair value estimate.
ROR
UK£3.36
Rotork
7D
4.9%
1Y
17.2%

ROR: Future Upside Will Depend On M&A Execution And Capital Returns

Rotork's analyst price targets have been trimmed by around £0.05 to £0.10 per share, as analysts factor in slightly lower revenue growth assumptions, a modestly higher discount rate, and small adjustments to future P/E and margin expectations, while broadly maintaining positive stances on the stock. Analyst Commentary Recent Street research on Rotork points to a cluster of small price target moves, with most analysts fine tuning their models rather than making wholesale changes.
WEIR
UK£30.98
Weir Group
7D
7.3%
1Y
46.4%

WEIR: Future Execution And M&A Pipeline Are Expected To Support Higher P/E

The analyst price target for Weir Group has been trimmed slightly to £34.05 from £34.19, as analysts factor in a mix of recent target increases and reductions from major banks while keeping core assumptions on growth, margins and P/E broadly stable. Analyst Commentary Recent research on Weir Group reflects a mix of higher and lower price targets, with most adjustments clustering in the £32.00 to £38.00 range.
MGAM
UK£2.14
Morgan Advanced Materials
7D
4.4%
1Y
18.2%
BOY
UK£6.91
Bodycote
7D
9.3%
1Y
50.0%

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.
TRI
UK£0.67
Trifast
7D
-0.3%
1Y
1.5%
GDWN
UK£127.40
Goodwin
7D
4.4%
1Y
97.2%
FORG
UK£0.00023
Forgent
7D
-4.2%
1Y
-96.8%