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U.K. (FTSE) Machinery Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies20
  • 7D0.2%
  • 3M-10.0%
  • 1Y12.2%
  • YTD-3.6%

Last week, the Machinery industry hasn't moved much but IMI is up 3.9% in that time. The past year has been better, since the industry has gained 12% 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
Mon, 08 Jun 2026UK£26.3bUK£12.5bUK£1.0b23.5x26.2x2.1x
Wed, 06 May 2026UK£26.4bUK£12.4bUK£998.4m21.8x26.5x2.1x
Fri, 03 Apr 2026UK£26.6bUK£12.4bUK£1.0b22.9x26.6x2.1x
Sun, 01 Mar 2026UK£31.8bUK£12.2bUK£1.0b29.2x31.8x2.6x
Tue, 27 Jan 2026UK£30.0bUK£12.2bUK£998.4m28x30.1x2.5x
Thu, 25 Dec 2025UK£27.1bUK£12.2bUK£998.5m23.9x27.1x2.2x
Sat, 22 Nov 2025UK£26.2bUK£12.2bUK£983.6m24.2x26.6x2.1x
Mon, 20 Oct 2025UK£26.0bUK£12.4bUK£998.5m23.2x26x2.1x
Wed, 17 Sep 2025UK£25.6bUK£12.4bUK£1.0b23.4x25.3x2.1x
Fri, 15 Aug 2025UK£25.1bUK£12.4bUK£1.0b23.2x24.8x2x
Sun, 13 Jul 2025UK£24.4bUK£12.5bUK£1.1b23.8x22.5x2x
Tue, 10 Jun 2025UK£23.7bUK£12.5bUK£1.1b23.3x22.1x1.9x
Thu, 08 May 2025UK£22.2bUK£12.5bUK£1.1b22.4x20.6x1.8x
Sat, 05 Apr 2025UK£20.8bUK£12.5bUK£1.1b19.5x19.1x1.7x
Mon, 03 Mar 2025UK£24.8bUK£12.6bUK£1.2b20.4x21.2x2x
Wed, 29 Jan 2025UK£25.0bUK£12.6bUK£1.1b22x22.8x2x
Fri, 27 Dec 2024UK£23.7bUK£12.6bUK£1.1b21.7x21.6x1.9x
Sun, 24 Nov 2024UK£23.4bUK£12.6bUK£1.1b21.5x21.4x1.9x
Tue, 22 Oct 2024UK£23.0bUK£12.6bUK£1.1b19.9x21x1.8x
Thu, 19 Sep 2024UK£23.9bUK£12.6bUK£1.1b19.9x21.8x1.9x
Sat, 17 Aug 2024UK£23.9bUK£12.6bUK£1.1b20.7x21.8x1.9x
Mon, 15 Jul 2024UK£25.9bUK£12.8bUK£1.1b19.8x23.7x2x
Wed, 12 Jun 2024UK£25.4bUK£12.8bUK£1.1b20.1x23x2x
Fri, 10 May 2024UK£26.2bUK£12.8bUK£1.1b20x23.7x2x
Sun, 07 Apr 2024UK£25.7bUK£12.8bUK£1.1b18.9x23.3x2x
Tue, 05 Mar 2024UK£25.3bUK£12.8bUK£1.1b18.5x22.3x2x
Thu, 01 Feb 2024UK£26.1bUK£15.8bUK£1.3b17.2x19.7x1.7x
Sat, 30 Dec 2023UK£26.7bUK£15.8bUK£1.3b17.2x20.1x1.7x
Mon, 27 Nov 2023UK£24.9bUK£15.8bUK£1.3b16.9x18.8x1.6x
Wed, 25 Oct 2023UK£23.2bUK£15.8bUK£1.3b15.5x17.5x1.5x
Fri, 22 Sep 2023UK£25.3bUK£15.8bUK£1.3b15.7x19.2x1.6x
Sun, 20 Aug 2023UK£24.9bUK£15.8bUK£1.3b15.8x18.7x1.6x
Tue, 18 Jul 2023UK£26.0bUK£15.2bUK£1.3b17.9x19.7x1.7x
Thu, 15 Jun 2023UK£27.3bUK£15.2bUK£1.3b17x20.5x1.8x
Price to Earnings Ratio

20.5x


Total Market Cap: UK£27.3bTotal Earnings: UK£1.3bTotal Revenue: UK£15.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 22.9x202420252026
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 26.2x which is higher than its 3-year average PE of 22.9x.
  • 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 8.9% per year over the last three years,
  • Revenues have also declined 6.3% 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-0.10%
Industrials0.28%
Machinery0.18%
Industrial Machinery0.19%
Construction Machinery and Vehicles-1.05%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 23.1x.
    • Analysts are expecting annual earnings growth of 13.2%, 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 10.5x.
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£28.323.9%
+UK£254.2m		39.6%PE21.9x
GDWN GoodwinUK£147.201.8%
+UK£19.5m		87.8%PE27.9x
VSVS VesuviusUK£4.540.8%
+UK£8.9m		24.2%PE21.4x
ROR RotorkUK£3.050.2%
+UK£4.9m		-6.9%PE21.5x
MGAM Morgan Advanced MaterialsUK£2.260.4%
+UK£2.8m		2.7%PS0.6x

Latest News

JDG
UK£42.20
Judges Scientific
7D
-0.9%
1Y
-45.9%
Narrative Update • Jun 07

JDG: Stable Metrics And Dividend Payout Will Support Future Upside Potential

Analysts have kept their fair value estimate for Judges Scientific steady at £64.50, with only marginal tweaks to the discount rate and future P/E assumptions guiding a largely unchanged price target narrative. What's in the News At the Annual General Meeting held on 20 May 2026, shareholders approved a final dividend of 82.3 pence per ordinary share for Judges Scientific, according to company key developments.
PRV
UK£8.20
Porvair
7D
-1.2%
1Y
-2.6%
Narrative Update • Jun 07

PRV: Stable Dividend And Margins Will Support Future Upside Potential

Analysts have kept their £10.07 price target for Porvair unchanged. This reflects only minor tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions, rather than a material shift in their overall view.
VSVS
UK£4.54
Vesuvius
7D
0.8%
1Y
24.2%
Narrative Update • Jun 06

VSVS: Future Returns Will Reflect Mixed Views On Execution Risks

Analysts have adjusted the Vesuvius price target to £4.40, reflecting mixed recent research in which one firm raised its target from £3.90 to £4.40 while another lowered its target by £0.20. The narrative update is now anchored around these revised expectations and the supporting rationale.
BOY
UK£7.16
Bodycote
7D
-11.1%
1Y
24.9%
TAND
UK£0.28
Tan Delta Systems
7D
-13.8%
1Y
60.0%
WEIR
UK£23.72
Weir Group
7D
-0.6%
1Y
-3.4%
Narrative Update • Jun 05

WEIR: Execution And Margin Expansion Will Support Higher Future P/E

Narrative Update on Weir Group The updated analyst price target for Weir Group has been reduced from about £33.55 to about £32.46. This reflects a series of lower Street targets in recent months as analysts factor in slightly higher discount rates and modestly adjusted growth expectations.
FORG
UK£0.00019
Forgent
7D
35.7%
1Y
-96.8%
IMI
UK£28.32
IMI
7D
3.9%
1Y
39.6%
Narrative Update • Jun 03

IMI: Buybacks And Dividends Will Support Future Returns And Capital Deployment

Analysts have nudged their price target on IMI slightly higher to around £30.73, citing updated assumptions on revenue growth, profit margins and future P/E that shift their fair value estimate by about £0.20. What's in the News IMI has recommended a 2025 final dividend of 23.2 pence per share, compared with 21.1 pence per share for 2024, with payment scheduled for 15 May 2026 to shareholders on the register at the close of business on 7 April 2026.
SPX
UK£68.20
Spirax Group
7D
-0.2%
1Y
14.8%
Narrative Update • Jun 03

SPX: Higher Dividend Confidence And Premium P E Framework Will Support Shares

Narrative Update The analyst price target for Spirax Group has been raised from £6,000 to £6,800. This reflects analysts' updated fair value estimate alongside recent research that highlights a modestly adjusted discount rate, slightly different revenue growth and profit margin assumptions, and a revised future P/E framework.
MGAM
UK£2.26
Morgan Advanced Materials
7D
0.4%
1Y
2.7%
Narrative Update • Jun 03

MGAM: Higher Margins And Refined P/E Assumptions Will Drive Future Upside

The latest analyst price target for Morgan Advanced Materials has been refined to reflect mixed Street views, with Citi and Deutsche Bank lifting targets to £2.35 and £2.10 respectively, while Jefferies trims its target by £0.25, as analysts factor in updated assumptions on discount rates, revenue growth, profit margins and future P/E levels. Analyst Commentary Recent research shows a split in sentiment, with one investment bank trimming its price target while others refine their models upward.
GDWN
UK£147.20
Goodwin
7D
1.8%
1Y
87.8%
ROR
UK£3.05
Rotork
7D
0.2%
1Y
-6.9%
Analysis Article • May 23

Should You Investigate Rotork plc (LON:ROR) At UK£3.10?

Rotork plc ( LON:ROR ), is not the largest company out there, but it received a lot of attention from a substantial...
AVG
UK£6.60
Avingtrans
7D
-1.5%
1Y
65.0%
MCON
UK£0.58
Mincon Group
7D
-4.9%
1Y
58.9%
TRI
UK£0.68
Trifast
7D
1.5%
1Y
3.7%
MPAC
UK£2.63
Mpac Group
7D
1.0%
1Y
-42.6%