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U.K. (FTSE) Machinery Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies20
  • 7D-0.06%
  • 3M19.6%
  • 1Y30.5%
  • YTD16.2%

In the last week, the Machinery industry is flat overall, with Goodwin standing out by going down 3.6%. As for the the longer term, the industry is up 31% over the past 12 months. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026UK£31.8bUK£12.2bUK£1.0b29.2x31.8x2.6x
Tue, 27 Jan 2026UK£30.0bUK£12.2bUK£998.4m28x30.1x2.5x
Thu, 25 Dec 2025UK£27.1bUK£12.2bUK£998.5m23.9x27.1x2.2x
Sat, 22 Nov 2025UK£26.2bUK£12.2bUK£983.6m24.2x26.6x2.1x
Mon, 20 Oct 2025UK£26.0bUK£12.4bUK£998.5m23.2x26x2.1x
Wed, 17 Sep 2025UK£25.6bUK£12.4bUK£1.0b23.4x25.3x2.1x
Fri, 15 Aug 2025UK£25.1bUK£12.4bUK£1.0b23.2x24.8x2x
Sun, 13 Jul 2025UK£24.4bUK£12.5bUK£1.1b23.8x22.5x2x
Tue, 10 Jun 2025UK£23.7bUK£12.5bUK£1.1b23.3x22.1x1.9x
Thu, 08 May 2025UK£22.2bUK£12.5bUK£1.1b22.4x20.6x1.8x
Sat, 05 Apr 2025UK£20.8bUK£12.5bUK£1.1b19.5x19.1x1.7x
Mon, 03 Mar 2025UK£24.8bUK£12.6bUK£1.2b20.4x21.2x2x
Wed, 29 Jan 2025UK£25.0bUK£12.6bUK£1.1b22x22.8x2x
Fri, 27 Dec 2024UK£23.7bUK£12.6bUK£1.1b21.7x21.6x1.9x
Sun, 24 Nov 2024UK£23.4bUK£12.6bUK£1.1b21.5x21.4x1.9x
Tue, 22 Oct 2024UK£23.0bUK£12.6bUK£1.1b19.9x21x1.8x
Thu, 19 Sep 2024UK£23.9bUK£12.6bUK£1.1b19.9x21.8x1.9x
Sat, 17 Aug 2024UK£23.9bUK£12.6bUK£1.1b20.7x21.8x1.9x
Mon, 15 Jul 2024UK£25.9bUK£12.8bUK£1.1b19.8x23.7x2x
Wed, 12 Jun 2024UK£25.4bUK£12.8bUK£1.1b20.1x23x2x
Fri, 10 May 2024UK£26.2bUK£12.8bUK£1.1b20x23.7x2x
Sun, 07 Apr 2024UK£25.7bUK£12.8bUK£1.1b18.9x23.3x2x
Tue, 05 Mar 2024UK£25.3bUK£12.8bUK£1.1b18.5x22.3x2x
Thu, 01 Feb 2024UK£26.1bUK£15.8bUK£1.3b17.2x19.7x1.7x
Sat, 30 Dec 2023UK£26.7bUK£15.8bUK£1.3b17.2x20.1x1.7x
Mon, 27 Nov 2023UK£24.9bUK£15.8bUK£1.3b16.9x18.8x1.6x
Wed, 25 Oct 2023UK£23.2bUK£15.8bUK£1.3b15.5x17.5x1.5x
Fri, 22 Sep 2023UK£25.3bUK£15.8bUK£1.3b15.7x19.2x1.6x
Sun, 20 Aug 2023UK£24.9bUK£15.8bUK£1.3b15.8x18.7x1.6x
Tue, 18 Jul 2023UK£26.0bUK£15.2bUK£1.3b17.9x19.7x1.7x
Thu, 15 Jun 2023UK£27.3bUK£15.2bUK£1.3b17x20.5x1.8x
Sat, 13 May 2023UK£26.7bUK£15.1bUK£1.3b17.7x20.1x1.8x
Mon, 10 Apr 2023UK£26.1bUK£15.1bUK£1.3b16.5x19.8x1.7x
Wed, 08 Mar 2023UK£27.6bUK£14.8bUK£1.3b16.1x21.1x1.9x
Price to Earnings Ratio

21.1x


Total Market Cap: UK£27.6bTotal Earnings: UK£1.3bTotal Revenue: UK£14.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 22.3x202420252026
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 31.8x which is higher than its 3-year average PE of 22.3x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 8.6% 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 Market1.91%
Industrials0.74%
Machinery-0.061%
Construction Machinery and Vehicles0%0
Industrial Machinery-0.061%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.5x.
    • Analysts are expecting annual earnings growth of 15.1%, which is higher than its past year's earnings decline of 9.4% 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 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 9.4% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 15% 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£35.221.6%
+UK£139.1m		44.9%PE29.3x
VSVS VesuviusUK£4.991.9%
+UK£22.5m		22.0%PE17.4x
MGAM Morgan Advanced MaterialsUK£2.421.3%
+UK£8.3m		12.6%PE24x
SPX Spirax GroupUK£79.050.1%
+UK£7.4m		8.7%PE35.8x
MCON Mincon GroupUK£0.523.0%
+UK£3.2m		44.4%PE25x

Latest News

AVG
UK£5.65
Avingtrans
7D
-1.7%
1Y
55.9%
IMI
UK£28.80
IMI
7D
-0.8%
1Y
43.9%

IMI: Slightly Higher Fair Value And P/E Assumptions Will Guide Outlook

The analyst price target for IMI has shifted slightly to reflect an updated fair value of £29.03. Analysts attribute this to small adjustments in the discount rate, revenue growth, profit margin expectations, and a higher assumed future P/E multiple.
PRV
UK£8.00
Porvair
7D
-3.6%
1Y
10.8%

PRV: Higher Street Alignment Will Reward Solid Delivery Against Raised Expectations

Analysts have increased their price target on Porvair by £2.50, reflecting updated assumptions around fair value, discount rate and P/E that are aligned with the recent Street research move cited from Berenberg. Analyst Commentary Bullish Takeaways Bullish analysts link the £2.50 increase in the price target to updated fair value work, suggesting that their earnings and P/E assumptions support a higher central case for Porvair.
VSVS
UK£4.99
Vesuvius
7D
1.9%
1Y
22.0%

VSVS: Recent Upgrade Momentum Will Support A Balanced Fairly Valued Outlook

The analyst price target for Vesuvius has been raised by £0.60, with analysts highlighting recent upgrades and supportive research commentary as key factors behind this adjustment. Analyst Commentary Bullish Takeaways Bullish analysts view the recent £0.60 price target adjustment as a sign that their expectations for execution and earnings power are being recalibrated upward, which they see as supportive for the current valuation framework.
MGAM
UK£2.42
Morgan Advanced Materials
7D
1.3%
1Y
12.6%

MGAM: Refined Capital Allocation And Margin Assumptions Will Support Future Upside Potential

Analysts have raised their price target on Morgan Advanced Materials to £2.65, citing refinements to discount rate, revenue growth, profit margin and future P/E assumptions that keep estimated fair value broadly unchanged. Analyst Commentary Bullish analysts pointing to the £2.65 price target see the latest work on discount rate, revenue, profit margin and future P/E assumptions as a sign that their constructive view on Morgan Advanced Materials still holds, even as they fine tune the model inputs.
MCON
UK£0.52
Mincon Group
7D
3.0%
1Y
44.4%
SPX
UK£79.05
Spirax Group
7D
0.1%
1Y
8.7%

SPX: Stable Assumptions And Modest Uplift Will Guide Future Share Price

Analysts lifted their price target on Spirax Group by £3.50, citing updated assumptions that leave fair value, discount rate, revenue growth, profit margin, and future P/E expectations broadly in line with prior estimates. Analyst Commentary Analysts reviewing the updated price target for Spirax Group are largely treating the move as a fine tuning exercise, with valuation inputs and long term assumptions kept broadly consistent.
GDWN
UK£242.00
Goodwin
7D
-3.6%
1Y
253.8%
JDG
UK£48.20
Judges Scientific
7D
-2.8%
1Y
-39.8%

JDG: Leadership Transition And Trimmed Expectations Will Support Long Term Upside

Analysts have trimmed their price targets on Judges Scientific, including a reported £23.00 cut from one firm. This reflects updated views on risk, growth and margins, while leaving their fair value assessment broadly unchanged.
WEIR
UK£35.22
Weir Group
7D
1.6%
1Y
44.9%

WEIR: Minerals Aftermarket, Saudi JV And M&A Will Shape Future Execution

Narrative Update: Weir Group The analyst price target for Weir Group has been revised higher to £3,296 from £3,221, reflecting updated assumptions on fair value and future P/E after several banks lifted their targets in recent research. Analyst Commentary Recent price target moves for Weir Group have clustered around the £3,280 to £3,296 range, with several bullish analysts lifting their fair value assumptions in quick succession.
TRI
UK£0.79
Trifast
7D
-9.0%
1Y
10.0%
MPAC
UK£3.40
Mpac Group
7D
-4.2%
1Y
-30.8%
LSC
UK£23.00
London Security
7D
-9.8%
1Y
-36.1%