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U.K. (FTSE) Machinery Industry Analysis

UpdatedApr 25, 2026
DataAggregated Company Financials
Companies20
  • 7D-3.8%
  • 3M-5.0%
  • 1Y30.9%
  • YTD3.1%

The Machinery is pretty flat in the last 7 days, but London Security has stood out, gaining 3.5%. The past year has been better, since the industry has gained 33% in that time. 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, 25 Apr 2026UK£28.2bUK£12.4bUK£998.2m22.8x28.2x2.3x
Mon, 23 Mar 2026UK£26.1bUK£12.4bUK£1.0b22.2x26.1x2.1x
Wed, 18 Feb 2026UK£31.5bUK£12.2bUK£999.6m29x31.6x2.6x
Fri, 16 Jan 2026UK£29.4bUK£12.2bUK£998.6m27.2x29.4x2.4x
Sun, 14 Dec 2025UK£27.0bUK£12.2bUK£983.4m24.4x27.4x2.2x
Tue, 11 Nov 2025UK£27.3bUK£12.2bUK£983.5m25.3x27.8x2.2x
Thu, 09 Oct 2025UK£26.7bUK£12.4bUK£998.8m23.5x26.7x2.1x
Sat, 06 Sep 2025UK£25.6bUK£12.4bUK£1.0b23.2x25.2x2.1x
Mon, 04 Aug 2025UK£24.2bUK£12.5bUK£1.1b23x22.3x1.9x
Wed, 02 Jul 2025UK£24.0bUK£12.5bUK£1.1b22.1x22.4x1.9x
Fri, 30 May 2025UK£23.1bUK£12.5bUK£1.1b22.6x21.6x1.8x
Sun, 27 Apr 2025UK£21.9bUK£12.5bUK£1.1b20.4x20.1x1.7x
Tue, 25 Mar 2025UK£23.7bUK£12.5bUK£1.1b20.3x21.8x1.9x
Thu, 20 Feb 2025UK£25.4bUK£12.6bUK£1.1b22.1x23.2x2x
Sat, 18 Jan 2025UK£24.5bUK£12.6bUK£1.1b22.1x22.4x1.9x
Mon, 16 Dec 2024UK£24.3bUK£12.6bUK£1.1b21.8x22.2x1.9x
Wed, 13 Nov 2024UK£22.9bUK£12.6bUK£1.1b21.2x20.9x1.8x
Fri, 11 Oct 2024UK£23.4bUK£12.6bUK£1.1b20.9x21.4x1.9x
Sun, 08 Sep 2024UK£23.4bUK£12.6bUK£1.1b20.8x21.4x1.9x
Tue, 06 Aug 2024UK£24.2bUK£12.6bUK£1.1b19.6x22.8x1.9x
Thu, 04 Jul 2024UK£25.1bUK£12.8bUK£1.1b19.1x23x2x
Sat, 01 Jun 2024UK£26.1bUK£12.8bUK£1.1b20.3x23.6x2x
Mon, 29 Apr 2024UK£25.1bUK£12.8bUK£1.1b18.9x22.7x2x
Wed, 27 Mar 2024UK£26.2bUK£12.8bUK£1.1b19x23.7x2.1x
Fri, 23 Feb 2024UK£25.6bUK£12.9bUK£1.2b17.2x21.3x2x
Sun, 21 Jan 2024UK£25.4bUK£15.8bUK£1.3b17.2x19.2x1.6x
Tue, 19 Dec 2023UK£26.5bUK£15.8bUK£1.3b17.2x20x1.7x
Thu, 16 Nov 2023UK£24.7bUK£15.8bUK£1.3b16.8x18.7x1.6x
Sat, 14 Oct 2023UK£24.1bUK£15.8bUK£1.3b16.5x18.2x1.5x
Mon, 11 Sep 2023UK£25.6bUK£15.8bUK£1.3b16x19.3x1.6x
Wed, 09 Aug 2023UK£26.1bUK£15.6bUK£1.3b16.6x19.6x1.7x
Fri, 07 Jul 2023UK£24.9bUK£15.2bUK£1.3b17x18.8x1.6x
Sun, 04 Jun 2023UK£26.8bUK£15.2bUK£1.3b16.9x20.2x1.8x
Tue, 02 May 2023UK£26.8bUK£15.1bUK£1.3b18x20.1x1.8x
Price to Earnings Ratio

20.1x


Total Market Cap: UK£26.8bTotal 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 28.5x 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 2.3x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 9.3% 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-2.67%
Industrials-7.13%
Machinery-3.82%
Construction Machinery and Vehicles-2.14%
Industrial Machinery-3.82%
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 13.0%, 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
LSC London SecurityUK£29.503.5%
+UK£12.3m		-22.4%PE17.4x
JDG Judges ScientificUK£46.503.9%
+UK£11.7m		-23.5%PE56.3x
CPH2 Clean Power HydrogenUK£0.1037.9%
+UK£9.7m		73.9%PS8860.6x
PRV PorvairUK£7.262.0%
+UK£6.5m		-0.5%PE18.6x
MCON Mincon GroupUK£0.590.8%
+UK£1.1m		67.6%PE30.4x

Latest News

GDWN
UK£113.20
Goodwin
7D
-16.8%
1Y
63.1%
MPAC
UK£2.23
Mpac Group
7D
-17.6%
1Y
-45.4%
BOY
UK£6.95
Bodycote
7D
-3.7%
1Y
50.8%
WEIR
UK£29.96
Weir Group
7D
-5.8%
1Y
29.6%
PRV
UK£7.26
Porvair
7D
2.0%
1Y
-0.5%
JDG
UK£46.50
Judges Scientific
7D
3.9%
1Y
-23.5%
XSG
UK£0.014
Xeros Technology Group
7D
2.1%
1Y
43.0%
ROR
UK£3.28
Rotork
7D
-3.9%
1Y
9.5%

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£73.56
Spirax Group
7D
-4.0%
1Y
23.7%

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.
CPH2
UK£0.10
Clean Power Hydrogen
7D
37.9%
1Y
73.9%
LSC
UK£29.50
London Security
7D
3.5%
1Y
-22.4%
IMI
UK£28.78
IMI
7D
-1.0%
1Y
61.5%

IMI: Buybacks And Dividends Will Support Steady Outlook With Selective M&A

Analysts have trimmed their price target for IMI to £29.97 from £30.19, reflecting slightly adjusted fair value, discount rate and future P/E assumptions, while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News IMI announced a share repurchase program of up to £500 million, with all repurchased shares intended to be cancelled and the program expected to run until no later than 31 December 2026 (Key Developments).
MGAM
UK£2.15
Morgan Advanced Materials
7D
-4.0%
1Y
12.0%

MGAM: Higher Margin Assumptions And Mixed P E Views Will Support Upside

The analyst price target for Morgan Advanced Materials has been adjusted to reflect mixed recent research, with some firms lifting targets into the £2.10 to £2.65 range and others trimming estimates, as analysts reassess assumptions for growth, margins and future P/E multiples. Analyst Commentary Recent Street research around Morgan Advanced Materials shows a split set of views, with some bullish analysts lifting price targets and others trimming them, as they reassess the shares against updated expectations for growth, margins and future P/E multiples.
MCON
UK£0.59
Mincon Group
7D
0.8%
1Y
67.6%