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U.K. (FTSE) Machinery Industry Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies20
  • 7D-0.7%
  • 3M-5.6%
  • 1Y14.2%
  • YTD-5.9%

Over the last 7 days, the Machinery industry has dropped 1.0%, driven by a pullback from IMI of 1.8%. In contrast, London Security has gained 11%. This takes the industry's 12 month performance to a gain of 12%. 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
Tue, 31 Mar 2026UK£25.7bUK£12.4bUK£1.0b21.8x25.7x2.1x
Thu, 26 Feb 2026UK£31.9bUK£12.2bUK£999.7m29.4x31.9x2.6x
Sat, 24 Jan 2026UK£29.8bUK£12.2bUK£998.5m27.4x29.8x2.4x
Mon, 22 Dec 2025UK£27.2bUK£12.2bUK£998.5m23.9x27.2x2.2x
Wed, 19 Nov 2025UK£26.2bUK£12.2bUK£983.4m24.5x26.7x2.2x
Fri, 17 Oct 2025UK£26.3bUK£12.4bUK£998.5m23.6x26.3x2.1x
Sun, 14 Sep 2025UK£25.7bUK£12.4bUK£1.0b23.5x25.4x2.1x
Tue, 12 Aug 2025UK£24.3bUK£12.4bUK£1.0b23.3x23.3x2x
Thu, 10 Jul 2025UK£24.2bUK£12.5bUK£1.1b22.4x22.4x1.9x
Sat, 07 Jun 2025UK£23.3bUK£12.5bUK£1.1b22.6x21.8x1.9x
Mon, 05 May 2025UK£22.2bUK£12.5bUK£1.1b22.4x20.7x1.8x
Wed, 02 Apr 2025UK£23.0bUK£12.5bUK£1.1b19.9x21.1x1.8x
Fri, 28 Feb 2025UK£24.3bUK£12.6bUK£1.1b21.7x22.1x1.9x
Sun, 26 Jan 2025UK£25.2bUK£12.6bUK£1.1b22.1x23.1x2x
Tue, 24 Dec 2024UK£23.5bUK£12.6bUK£1.1b21.5x21.5x1.9x
Thu, 21 Nov 2024UK£22.7bUK£12.6bUK£1.1b21x20.7x1.8x
Sat, 19 Oct 2024UK£23.4bUK£12.6bUK£1.1b20.2x21.4x1.9x
Mon, 16 Sep 2024UK£24.2bUK£12.6bUK£1.1b20.4x22.1x1.9x
Wed, 14 Aug 2024UK£23.7bUK£12.6bUK£1.1b20.3x21.6x1.9x
Fri, 12 Jul 2024UK£25.6bUK£12.8bUK£1.1b19.7x23.4x2x
Sun, 09 Jun 2024UK£25.8bUK£12.8bUK£1.1b20.3x23.4x2x
Tue, 07 May 2024UK£25.2bUK£12.8bUK£1.1b19.2x22.9x2x
Thu, 04 Apr 2024UK£25.9bUK£12.8bUK£1.1b19x23.4x2x
Sat, 02 Mar 2024UK£25.3bUK£12.8bUK£1.1b18.6x22.2x2x
Mon, 29 Jan 2024UK£26.1bUK£15.8bUK£1.3b17.2x19.7x1.7x
Wed, 27 Dec 2023UK£26.6bUK£15.8bUK£1.3b17.2x20x1.7x
Fri, 24 Nov 2023UK£24.8bUK£15.8bUK£1.3b16.8x18.7x1.6x
Sun, 22 Oct 2023UK£23.2bUK£15.8bUK£1.3b15.3x17.5x1.5x
Tue, 19 Sep 2023UK£25.5bUK£15.8bUK£1.3b15.9x19.3x1.6x
Thu, 17 Aug 2023UK£25.6bUK£15.8bUK£1.3b16.5x19.3x1.6x
Sat, 15 Jul 2023UK£25.9bUK£15.2bUK£1.3b18.1x19.6x1.7x
Mon, 12 Jun 2023UK£26.7bUK£15.2bUK£1.3b16.7x20.1x1.8x
Wed, 10 May 2023UK£26.8bUK£15.1bUK£1.3b16.3x20.2x1.8x
Fri, 07 Apr 2023UK£26.1bUK£15.1bUK£1.3b16.5x19.8x1.7x
Price to Earnings Ratio

19.8x


Total Market Cap: UK£26.1bTotal Earnings: UK£1.3bTotal Revenue: UK£15.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 22.5x202420252026
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 25.8x which is higher than its 3-year average PE of 22.5x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
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 Market2.04%
Industrials-2.40%
Machinery-0.68%
Industrial Machinery-0.65%
Construction Machinery and Vehicles-9.09%
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 12.8%, 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 roughly in line with its past earnings growth rate.
  • 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
LSC London SecurityUK£26.0010.6%
+UK£30.6m		-28.8%PE15.4x
ROR RotorkUK£3.110.8%
+UK£18.5m		-0.9%PE22x
MGAM Morgan Advanced MaterialsUK£1.972.8%
+UK£15.4m		-3.1%PS0.5x
PRV PorvairUK£7.204.3%
+UK£13.9m		5.9%PE18.4x
JDG Judges ScientificUK£40.205.1%
+UK£13.0m		-49.5%PE24.3x

Latest News

MPAC
UK£2.38
Mpac Group
7D
-12.0%
1Y
-43.8%
TRI
UK£0.63
Trifast
7D
5.7%
1Y
-5.3%
IMI
UK£25.92
IMI
7D
-1.8%
1Y
37.4%

IMI: Share Buybacks And Disciplined M&A Will Support A Bullish Outlook

Analysts have nudged their price target for IMI slightly higher to £30.19 from £29.91, citing updated assumptions for revenue growth, profit margins and future P/E as the key drivers behind the change. What's in the News The board authorizes a new share buyback plan for IMI plc on 6 March 2026, signaling an intention to repurchase shares in the market (Company announcement).
PRV
UK£7.20
Porvair
7D
4.3%
1Y
5.9%
LSC
UK£26.00
London Security
7D
10.6%
1Y
-28.8%
JDG
UK£40.20
Judges Scientific
7D
5.1%
1Y
-49.5%
MGAM
UK£1.97
Morgan Advanced Materials
7D
2.8%
1Y
-3.1%

MGAM: Higher Margin Assumptions And Refined P E Framework Will Support Upside

Narrative Update on Morgan Advanced Materials The analyst price target for Morgan Advanced Materials has been revised higher to £2.35 per share. This reflects analysts' updated assumptions on slightly higher revenue growth, improved profit margins, a modestly adjusted discount rate and a somewhat lower future P/E multiple.
ROR
UK£3.11
Rotork
7D
0.8%
1Y
-0.9%

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£3.91
Vesuvius
7D
-2.2%
1Y
0.08%

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£113.50
Goodwin
7D
-5.0%
1Y
77.3%
WEIR
UK£27.48
Weir Group
7D
-0.4%
1Y
18.4%
SPX
UK£66.00
Spirax Group
7D
-0.2%
1Y
6.8%

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.
BOY
UK£6.09
Bodycote
7D
-4.1%
1Y
9.4%

BOY: Higher P/E Framework And Bolt On Deals Will Shape Future Multiple

Analysts have lifted the fair value estimate for Bodycote by £0.14 per share, with higher price targets from several firms supported by updated assumptions on revenue growth, margins and P/E, even as views on valuation remain mixed. Analyst Commentary Recent Street research on Bodycote shows a mix of optimism and caution, with target prices adjusted but views on upside versus risk still divided.
SOM
UK£1.75
Somero Enterprises
7D
-9.1%
1Y
-31.9%
CPH2
UK£0.065
Clean Power Hydrogen
7D
18.2%
1Y
3.2%
AVG
UK£5.33
Avingtrans
7D
0.5%
1Y
57.5%