Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.K. (FTSE) Machinery Industry Analysis

UpdatedApr 28, 2026
DataAggregated Company Financials
Companies20
  • 7D-2.8%
  • 3M-7.5%
  • 1Y30.7%
  • YTD2.2%

Over the last 7 days, the Machinery industry has dropped 2.8%, driven by Weir Group declining 6.1%. On the other hand Judges Scientific is actually up 5.8%. In the past year, the industry has gained 31%. 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
Tue, 28 Apr 2026UK£27.9bUK£12.4bUK£998.2m22.7x27.9x2.2x
Thu, 26 Mar 2026UK£26.7bUK£12.4bUK£1.0b24.1x26.6x2.1x
Sat, 21 Feb 2026UK£31.8bUK£12.2bUK£999.7m28.8x31.9x2.6x
Mon, 19 Jan 2026UK£29.4bUK£12.2bUK£998.6m27.1x29.4x2.4x
Wed, 17 Dec 2025UK£26.9bUK£12.2bUK£983.4m24.2x27.4x2.2x
Fri, 14 Nov 2025UK£27.4bUK£12.2bUK£983.4m25.5x27.9x2.2x
Sun, 12 Oct 2025UK£26.5bUK£12.4bUK£998.5m23.6x26.6x2.1x
Tue, 09 Sep 2025UK£25.9bUK£12.4bUK£1.0b23.5x25.6x2.1x
Thu, 07 Aug 2025UK£24.4bUK£12.5bUK£1.1b22.6x22.9x2x
Sat, 05 Jul 2025UK£24.2bUK£12.5bUK£1.1b22.5x22.5x1.9x
Mon, 02 Jun 2025UK£23.2bUK£12.5bUK£1.1b22.5x21.6x1.9x
Wed, 30 Apr 2025UK£21.5bUK£12.5bUK£1.1b20.5x19.8x1.7x
Fri, 28 Mar 2025UK£23.7bUK£12.5bUK£1.1b20.2x21.8x1.9x
Sun, 23 Feb 2025UK£24.8bUK£12.6bUK£1.1b21.8x22.7x2x
Tue, 21 Jan 2025UK£24.8bUK£12.6bUK£1.1b22.2x22.7x2x
Thu, 19 Dec 2024UK£24.0bUK£12.6bUK£1.1b21.5x21.9x1.9x
Sat, 16 Nov 2024UK£22.9bUK£12.6bUK£1.1b21.1x20.9x1.8x
Mon, 14 Oct 2024UK£23.4bUK£12.6bUK£1.1b20.6x21.4x1.9x
Wed, 11 Sep 2024UK£23.7bUK£12.6bUK£1.1b20.5x21.7x1.9x
Fri, 09 Aug 2024UK£23.8bUK£12.6bUK£1.1b20.3x21.9x1.9x
Sun, 07 Jul 2024UK£25.3bUK£12.8bUK£1.1b19.4x23.2x2x
Tue, 04 Jun 2024UK£26.0bUK£12.8bUK£1.1b20.2x23.6x2x
Thu, 02 May 2024UK£25.3bUK£12.8bUK£1.1b19.1x22.9x2x
Sat, 30 Mar 2024UK£26.1bUK£12.8bUK£1.1b18.9x23.5x2x
Mon, 26 Feb 2024UK£25.6bUK£12.9bUK£1.2b17.2x21.3x2x
Wed, 24 Jan 2024UK£25.7bUK£15.8bUK£1.3b17.2x19.4x1.6x
Fri, 22 Dec 2023UK£26.7bUK£15.8bUK£1.3b17.2x20.1x1.7x
Sun, 19 Nov 2023UK£24.7bUK£15.8bUK£1.3b15.9x18.6x1.6x
Tue, 17 Oct 2023UK£24.0bUK£15.8bUK£1.3b16.5x18.1x1.5x
Thu, 14 Sep 2023UK£25.3bUK£15.8bUK£1.3b15.7x19.1x1.6x
Sat, 12 Aug 2023UK£26.0bUK£15.8bUK£1.3b16.7x19.6x1.7x
Mon, 10 Jul 2023UK£25.1bUK£15.2bUK£1.3b17.1x18.9x1.7x
Wed, 07 Jun 2023UK£26.9bUK£15.2bUK£1.3b16.8x20.3x1.8x
Fri, 05 May 2023UK£27.0bUK£15.1bUK£1.3b17.9x20.3x1.8x
Price to Earnings Ratio

20.3x


Total Market Cap: UK£27.0bTotal Earnings: UK£1.3bTotal Revenue: UK£15.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 22.7x202420252026
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 27.9x which is higher than its 3-year average PE of 22.7x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 9.2% per year over the last three years,
  • Revenues have also declined 6.4% 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 Market-2.59%
Industrials-5.59%
Machinery-2.80%
Industrial Machinery-2.80%
Construction Machinery and Vehicles-3.95%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.9x.
    • 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 10.3x.
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
JDG Judges ScientificUK£47.004.2%
+UK£12.5m		-21.1%PE56.9x
MCON Mincon GroupUK£0.601.7%
+UK£2.1m		69.0%PE30.6x
XSG Xeros Technology GroupUK£0.0158.9%
+UK£1.1m		22.0%PS89.4x

Latest News

WEIR
UK£28.24
Weir Group
7D
-7.2%
1Y
26.1%
MGAM
UK£2.15
Morgan Advanced Materials
7D
-2.3%
1Y
9.6%

MGAM: Higher P/E Assumptions And Refined Earnings Views Will Support Upside

Narrative Update: Morgan Advanced Materials The analyst price target for Morgan Advanced Materials has shifted within a range of around £2.10 to £2.35 per share, as analysts adjust their views in light of updated assumptions for discount rates, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street research on Morgan Advanced Materials points to a mixed but generally supportive tone, with analysts refining their assumptions rather than changing their overall stance on the company.
IMI
UK£28.06
IMI
7D
-2.3%
1Y
60.6%
JDG
UK£47.00
Judges Scientific
7D
4.2%
1Y
-21.1%

JDG: Higher Margin Assumptions Will Support Upside Despite Recent Downgrade

Analysts have trimmed their price target on Judges Scientific, cutting it by £0.00 to reflect updated views on discount rates, expected revenue trends, profit margins and a lower future P/E multiple following recent research, including a downgrade at Jefferies. Analyst Commentary Recent research around Judges Scientific has focused squarely on how reliable future growth might be, how much investors should pay for that growth through the P/E multiple, and what discount rates make sense given current market conditions.
GDWN
UK£111.40
Goodwin
7D
-7.6%
1Y
60.1%
BOY
UK£6.90
Bodycote
7D
-2.1%
1Y
46.2%
XSG
UK£0.015
Xeros Technology Group
7D
8.9%
1Y
22.0%
ROR
UK£3.17
Rotork
7D
-6.3%
1Y
5.9%

ROR: Future Upside Will Hinge On M&A Discipline And Capital Deployment

Rotork's analyst price target has been trimmed slightly to £3.90 from about £3.92, as analysts factor in more cautious assumptions around discount rates, revenue growth and margins following a recent wave of target reductions and a downgrade alongside one recent upgrade. Analyst Commentary Recent research on Rotork has centered on fine tuning valuation assumptions rather than making wholesale changes to the investment case, with several price target moves in a tight range around £3.90 to £4.20.
SPX
UK£71.98
Spirax Group
7D
-3.9%
1Y
24.6%

SPX: Higher Dividend Signals Will Test Rich P E Against Execution Risks

Analysts have lifted their price targets on Spirax Group by £800, from £6,000 to £6,800. This change reflects updated assumptions on revenue growth, profit margins and forward P/E levels.
TRI
UK£0.66
Trifast
7D
-6.5%
1Y
3.1%
MCON
UK£0.60
Mincon Group
7D
1.7%
1Y
69.0%