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U.K. (FTSE) Machinery Industry Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies20
  • 7D-9.3%
  • 3M6.1%
  • 1Y19.4%
  • YTD4.2%

Over the last 7 days, the Machinery industry has dropped 9.3%, driven by Weir Group declining 17%. This takes the industry's 12 month performance to a gain of 19%. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026UK£28.5bUK£12.3bUK£978.0m25.9x29.2x2.3x
Fri, 06 Feb 2026UK£30.9bUK£12.2bUK£998.5m28.7x30.9x2.5x
Sun, 04 Jan 2026UK£27.4bUK£12.2bUK£998.5m23.9x27.5x2.2x
Tue, 02 Dec 2025UK£26.7bUK£12.2bUK£983.5m24.4x27.2x2.2x
Thu, 30 Oct 2025UK£27.8bUK£12.5bUK£998.5m24.2x27.9x2.2x
Sat, 27 Sep 2025UK£25.9bUK£12.5bUK£998.0m22.8x26x2.1x
Mon, 25 Aug 2025UK£25.9bUK£12.4bUK£1.0b23.9x25.5x2.1x
Wed, 23 Jul 2025UK£24.5bUK£12.5bUK£1.1b21.7x22.6x2x
Fri, 20 Jun 2025UK£23.7bUK£12.5bUK£1.1b23x22.1x1.9x
Sun, 18 May 2025UK£23.3bUK£12.5bUK£1.1b23x21.7x1.9x
Tue, 15 Apr 2025UK£21.3bUK£12.5bUK£1.1b20x19.6x1.7x
Thu, 13 Mar 2025UK£24.4bUK£12.5bUK£1.1b19.9x21.5x1.9x
Sat, 08 Feb 2025UK£24.8bUK£12.6bUK£1.1b22.1x22.7x2x
Mon, 06 Jan 2025UK£23.6bUK£12.6bUK£1.1b21.7x21.5x1.9x
Wed, 04 Dec 2024UK£24.2bUK£12.6bUK£1.1b21.5x22.2x1.9x
Fri, 01 Nov 2024UK£22.5bUK£12.6bUK£1.1b20.5x20.6x1.8x
Sun, 29 Sep 2024UK£24.7bUK£12.6bUK£1.1b20.2x22.6x2x
Tue, 27 Aug 2024UK£23.9bUK£12.6bUK£1.1b20.6x21.8x1.9x
Thu, 25 Jul 2024UK£25.4bUK£12.8bUK£1.1b20.1x23.2x2x
Sat, 22 Jun 2024UK£25.2bUK£12.8bUK£1.1b19.7x22.8x2x
Mon, 20 May 2024UK£26.4bUK£12.8bUK£1.1b20.4x24x2.1x
Wed, 17 Apr 2024UK£25.9bUK£12.8bUK£1.1b19.3x23.5x2x
Fri, 15 Mar 2024UK£26.1bUK£12.8bUK£1.1b18.3x23.7x2.1x
Sun, 11 Feb 2024UK£25.0bUK£12.9bUK£1.2b18.1x20.8x1.9x
Tue, 09 Jan 2024UK£25.9bUK£15.8bUK£1.3b17.1x19.6x1.6x
Thu, 07 Dec 2023UK£25.4bUK£15.8bUK£1.3b17x19.2x1.6x
Sat, 04 Nov 2023UK£23.7bUK£15.8bUK£1.3b15.3x17.9x1.5x
Mon, 02 Oct 2023UK£25.4bUK£15.8bUK£1.3b16.5x19.2x1.6x
Wed, 30 Aug 2023UK£25.4bUK£15.8bUK£1.3b16.3x19.1x1.6x
Fri, 28 Jul 2023UK£26.5bUK£15.2bUK£1.3b17.9x20.1x1.7x
Sun, 25 Jun 2023UK£25.5bUK£15.2bUK£1.3b17.1x19.2x1.7x
Tue, 23 May 2023UK£27.1bUK£15.2bUK£1.3b17.4x20.4x1.8x
Thu, 20 Apr 2023UK£27.1bUK£15.1bUK£1.3b17.2x20.5x1.8x
Sat, 18 Mar 2023UK£25.6bUK£15.0bUK£1.3b16.4x19.6x1.7x
Price to Earnings Ratio

19.6x


Total Market Cap: UK£25.6bTotal Earnings: UK£1.3bTotal Revenue: UK£15.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 22.4x202420252026
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 29.2x which is higher than its 3-year average PE of 22.4x.
  • 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 6.2% 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 Market-5.15%
Industrials-4.47%
Machinery-9.27%
Construction Machinery and Vehicles0%0
Industrial Machinery-9.30%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.6x.
    • Analysts are expecting annual earnings growth of 14.2%, which is higher than its past year's earnings decline of 11.4% 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 10.1x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings decline of 11% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 14% 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
GDWN GoodwinUK£254.0010.4%
+UK£180.2m		261.8%PE48.1x
IMI IMIUK£27.761.2%
+UK£78.5m		40.4%PE22x
MGAM Morgan Advanced MaterialsUK£2.093.7%
+UK£20.7m		-1.2%PS0.6x
PRV PorvairUK£7.644.7%
+UK£15.8m		13.0%PE19.5x
LSC London SecurityUK£24.004.3%
+UK£12.2m		-33.3%PE14.2x

Latest News

SPX
UK£73.10
Spirax Group
7D
-2.4%
1Y
8.3%
ROR
UK£3.18
Rotork
7D
-14.5%
1Y
-5.1%
VSVS
UK£4.42
Vesuvius
7D
-1.3%
1Y
15.1%

VSVS: Upgraded Views On Discount Rates Will Support Undervalued Outlook

Analyst price targets for Vesuvius have shifted higher, with one firm lifting its view by £0.60. Analysts highlight refreshed assumptions around discount rates, long run revenue growth, profit margins and future P/E multiples.
IMI
UK£27.76
IMI
7D
1.2%
1Y
40.4%
JDG
UK£40.00
Judges Scientific
7D
-12.3%
1Y
-43.3%

JDG: Rebased Expectations Will Support Long Term Upside Despite Recent Downgrades

Narrative Update: Judges Scientific The analyst price target for Judges Scientific has been reduced by £23.00. Analysts have cited recent rating and target cuts as they reassess assumptions around required returns and long term earnings multiples.
WEIR
UK£30.24
Weir Group
7D
-11.1%
1Y
27.8%

WEIR: Higher Assumed P/E Multiple Will Shape Future Upside Potential

The updated analyst price target for Weir Group moves to £3,388 from £3,296, with analysts pointing to recent target increases from several banks and a modestly higher assumed future P/E multiple as key drivers. Analyst Commentary Bullish Takeaways Bullish analysts have lifted price targets into a £3,700 to £3,800 range, which sits above the updated blended target of £3,388, signaling that some see additional upside potential embedded in current assumptions.
PRV
UK£7.64
Porvair
7D
4.7%
1Y
13.0%

Aluminum Filtration Demand And Drache Acquisition Will Support A Stronger Long Term Outlook

Catalysts About Porvair Porvair supplies specialist filtration and environmental technology products that protect critical systems and support cleaner industrial processes. What are the underlying business or industry changes driving this perspective?
MGAM
UK£2.09
Morgan Advanced Materials
7D
3.7%
1Y
-1.2%
CPH2
UK£0.052
Clean Power Hydrogen
7D
10.5%
1Y
-18.0%
BOY
UK£7.08
Bodycote
7D
-1.8%
1Y
10.5%

BOY: Updated Assumptions Will Tighten Room For Error Around Margins

Narrative update Analysts have raised their price target on Bodycote by £1.00, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E. These changes are intended to bring the target more closely in line with their latest research.
AVG
UK£5.60
Avingtrans
7D
1.8%
1Y
56.6%
MCON
UK£0.57
Mincon Group
7D
6.5%
1Y
62.0%
GDWN
UK£254.00
Goodwin
7D
10.4%
1Y
261.8%
TRI
UK£0.70
Trifast
7D
-8.4%
1Y
7.7%
MPAC
UK£2.98
Mpac Group
7D
-5.6%
1Y
-28.7%
LSC
UK£24.00
London Security
7D
4.3%
1Y
-33.3%