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U.K. (FTSE) Machinery Industry Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies20
  • 7D0.8%
  • 3M-3.4%
  • 1Y33.9%
  • YTD3.4%

In the last week, Machinery has been flat. As for the the longer term, the industry is up 34% over the past 12 months. 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
Thu, 16 Apr 2026UK£28.2bUK£12.4bUK£1.0b23.7x28.2x2.3x
Sat, 14 Mar 2026UK£27.6bUK£12.4bUK£1.0b23.6x27.5x2.2x
Mon, 09 Feb 2026UK£31.1bUK£12.2bUK£998.5m29.2x31.1x2.5x
Wed, 07 Jan 2026UK£28.1bUK£12.2bUK£998.6m24.5x28.1x2.3x
Fri, 05 Dec 2025UK£27.4bUK£12.2bUK£983.5m24.4x27.9x2.2x
Sun, 02 Nov 2025UK£27.5bUK£12.2bUK£983.5m24.5x28x2.3x
Tue, 30 Sep 2025UK£25.9bUK£12.4bUK£997.9m22.7x25.9x2.1x
Thu, 28 Aug 2025UK£25.4bUK£12.4bUK£1.0b23.6x25.1x2x
Sat, 26 Jul 2025UK£24.5bUK£12.5bUK£1.1b21.7x22.6x2x
Mon, 23 Jun 2025UK£23.6bUK£12.5bUK£1.1b23x22x1.9x
Wed, 21 May 2025UK£23.4bUK£12.5bUK£1.1b22.6x21.8x1.9x
Fri, 18 Apr 2025UK£21.2bUK£12.5bUK£1.1b20.5x19.4x1.7x
Sun, 16 Mar 2025UK£24.1bUK£12.5bUK£1.1b20.5x22.1x1.9x
Tue, 11 Feb 2025UK£25.0bUK£12.6bUK£1.1b22.6x22.8x2x
Thu, 09 Jan 2025UK£23.4bUK£12.6bUK£1.1b21.6x21.4x1.9x
Sat, 07 Dec 2024UK£24.3bUK£12.6bUK£1.1b21.7x22.2x1.9x
Mon, 04 Nov 2024UK£22.4bUK£12.6bUK£1.1b20.9x20.5x1.8x
Wed, 02 Oct 2024UK£24.0bUK£12.6bUK£1.1b20.1x21.9x1.9x
Fri, 30 Aug 2024UK£24.3bUK£12.6bUK£1.1b20.7x22.2x1.9x
Sun, 28 Jul 2024UK£25.5bUK£12.8bUK£1.1b20.2x23x2x
Tue, 25 Jun 2024UK£25.5bUK£12.8bUK£1.1b19.8x23.1x2x
Thu, 23 May 2024UK£26.5bUK£12.8bUK£1.1b20.2x24x2.1x
Sat, 20 Apr 2024UK£25.1bUK£12.8bUK£1.1b18.4x22.8x2x
Mon, 18 Mar 2024UK£26.3bUK£12.8bUK£1.1b18.1x23.8x2.1x
Wed, 14 Feb 2024UK£24.7bUK£12.9bUK£1.2b18.1x20.5x1.9x
Fri, 12 Jan 2024UK£25.6bUK£15.8bUK£1.3b16.8x19.3x1.6x
Sun, 10 Dec 2023UK£25.6bUK£15.8bUK£1.3b17.2x19.3x1.6x
Tue, 07 Nov 2023UK£23.5bUK£15.8bUK£1.3b15.6x17.7x1.5x
Thu, 05 Oct 2023UK£25.1bUK£15.8bUK£1.3b16.3x18.9x1.6x
Sat, 02 Sep 2023UK£25.5bUK£15.8bUK£1.3b16.1x19.3x1.6x
Mon, 31 Jul 2023UK£26.7bUK£15.4bUK£1.3b17.4x20.1x1.7x
Wed, 28 Jun 2023UK£25.3bUK£15.2bUK£1.3b17.1x19.1x1.7x
Fri, 26 May 2023UK£26.2bUK£15.2bUK£1.3b17.1x19.8x1.7x
Sun, 23 Apr 2023UK£27.1bUK£15.1bUK£1.3b17.4x20.5x1.8x
Price to Earnings Ratio

20.5x


Total Market Cap: UK£27.1bTotal Earnings: UK£1.3bTotal Revenue: UK£15.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 22.6x202420252026
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 28.2x which is higher than its 3-year average PE of 22.6x.
  • 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 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 Market-0.19%
Industrials1.04%
Machinery0.82%
Industrial Machinery0.83%
Construction Machinery and Vehicles0.54%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.8x.
    • 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 10.2x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is 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
IMI IMIUK£28.483.1%
+UK£195.3m		68.8%PE22.2x
SPX Spirax GroupUK£74.882.3%
+UK£122.5m		28.1%PE33.8x
GDWN GoodwinUK£132.004.4%
+UK£42.1m		94.7%PE25x
BOY BodycoteUK£7.003.1%
+UK£36.0m		46.2%PE21.8x
AVG AvingtransUK£6.2613.8%
+UK£25.0m		84.1%PE29.1x

Latest News

PRV
UK£7.16
Porvair
7D
-0.6%
1Y
-2.5%
FORG
UK£0.00018
Forgent
7D
-21.7%
1Y
-97.5%
BOY
UK£7.00
Bodycote
7D
3.1%
1Y
46.2%

BOY: Acquisition Focus And Margin Execution Will Support Future Share Upside

Bodycote's analyst price target has been trimmed by £0.10, with analysts pointing to revised margin expectations, a higher discount rate and a higher assumed future P/E multiple as the key drivers behind the change. Analyst Commentary Recent Street research on Bodycote shows a mixed but active view on valuation, with several firms updating price targets and ratings in quick succession.
IMI
UK£28.48
IMI
7D
3.1%
1Y
68.8%

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).
VSVS
UK£4.31
Vesuvius
7D
1.2%
1Y
28.1%
MGAM
UK£2.18
Morgan Advanced Materials
7D
3.6%
1Y
18.6%

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.
SPX
UK£74.88
Spirax Group
7D
2.3%
1Y
28.1%
ROR
UK£3.31
Rotork
7D
-0.9%
1Y
13.6%

ROR: Future Upside Will Depend On M&A Execution And Capital Returns

Rotork's analyst price targets have been trimmed by around £0.05 to £0.10 per share, as analysts factor in slightly lower revenue growth assumptions, a modestly higher discount rate, and small adjustments to future P/E and margin expectations, while broadly maintaining positive stances on the stock. Analyst Commentary Recent Street research on Rotork points to a cluster of small price target moves, with most analysts fine tuning their models rather than making wholesale changes.
WEIR
UK£30.68
Weir Group
7D
0.2%
1Y
42.8%

WEIR: Future Execution And M&A Pipeline Are Expected To Support Higher P/E

The analyst price target for Weir Group has been trimmed slightly to £34.05 from £34.19, as analysts factor in a mix of recent target increases and reductions from major banks while keeping core assumptions on growth, margins and P/E broadly stable. Analyst Commentary Recent research on Weir Group reflects a mix of higher and lower price targets, with most adjustments clustering in the £32.00 to £38.00 range.
GDWN
UK£132.00
Goodwin
7D
4.4%
1Y
94.7%
AVG
UK£6.26
Avingtrans
7D
13.8%
1Y
84.1%