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U.K. (FTSE) Machinery Industry Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies20
  • 7D6.0%
  • 3M-1.3%
  • 1Y34.5%
  • YTD3.0%

Over the last 7 days, the Machinery industry has risen 7.1%, driven by gains in Weir Group and IMI of 6.7% and 7.4%, respectively. This means that the industry has gained 36% over the past year. 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
Tue, 14 Apr 2026UK£28.1bUK£12.4bUK£1.0b23.6x28.1x2.3x
Thu, 12 Mar 2026UK£28.7bUK£12.4bUK£992.4m25.3x29x2.3x
Sat, 07 Feb 2026UK£31.1bUK£12.2bUK£998.5m29.2x31.1x2.5x
Mon, 05 Jan 2026UK£27.4bUK£12.2bUK£998.5m23.9x27.5x2.2x
Wed, 03 Dec 2025UK£26.8bUK£12.2bUK£983.5m24.4x27.2x2.2x
Fri, 31 Oct 2025UK£27.7bUK£12.2bUK£983.4m24.6x28.1x2.3x
Sun, 28 Sep 2025UK£25.9bUK£12.5bUK£998.0m22.8x26x2.1x
Tue, 26 Aug 2025UK£25.9bUK£12.4bUK£1.0b23.9x25.5x2.1x
Thu, 24 Jul 2025UK£24.7bUK£12.5bUK£1.1b21.7x22.7x2x
Sat, 21 Jun 2025UK£23.6bUK£12.5bUK£1.1b23x22x1.9x
Mon, 19 May 2025UK£23.3bUK£12.5bUK£1.1b23x21.7x1.9x
Wed, 16 Apr 2025UK£21.7bUK£12.5bUK£1.1b20.4x19.9x1.7x
Fri, 14 Mar 2025UK£24.1bUK£12.5bUK£1.1b19.6x21.2x1.9x
Sun, 09 Feb 2025UK£24.8bUK£12.6bUK£1.1b22.1x22.7x2x
Tue, 07 Jan 2025UK£23.8bUK£12.6bUK£1.1b21.6x21.7x1.9x
Thu, 05 Dec 2024UK£24.4bUK£12.6bUK£1.1b21.7x22.3x1.9x
Sat, 02 Nov 2024UK£22.4bUK£12.6bUK£1.1b20.9x20.5x1.8x
Mon, 30 Sep 2024UK£24.7bUK£12.6bUK£1.1b20.2x22.6x2x
Wed, 28 Aug 2024UK£23.8bUK£12.6bUK£1.1b20.5x21.7x1.9x
Fri, 26 Jul 2024UK£25.1bUK£12.8bUK£1.1b20.1x22.9x2x
Sun, 23 Jun 2024UK£25.2bUK£12.8bUK£1.1b19.7x22.8x2x
Tue, 21 May 2024UK£26.8bUK£12.8bUK£1.1b20.5x24.3x2.1x
Thu, 18 Apr 2024UK£25.3bUK£12.8bUK£1.1b18.3x23x2x
Sat, 16 Mar 2024UK£26.3bUK£12.8bUK£1.1b18.1x23.8x2.1x
Mon, 12 Feb 2024UK£25.0bUK£12.9bUK£1.2b18.1x20.8x1.9x
Wed, 10 Jan 2024UK£25.9bUK£15.8bUK£1.3b17x19.5x1.6x
Fri, 08 Dec 2023UK£25.4bUK£15.8bUK£1.3b17.2x19.1x1.6x
Sun, 05 Nov 2023UK£23.7bUK£15.8bUK£1.3b15.3x17.9x1.5x
Tue, 03 Oct 2023UK£25.4bUK£15.8bUK£1.3b16.6x19.2x1.6x
Thu, 31 Aug 2023UK£25.5bUK£15.8bUK£1.3b16.2x19.2x1.6x
Sat, 29 Jul 2023UK£26.7bUK£15.2bUK£1.3b18.1x20.3x1.7x
Mon, 26 Jun 2023UK£25.5bUK£15.2bUK£1.3b17.1x19.2x1.7x
Wed, 24 May 2023UK£26.7bUK£15.2bUK£1.3b17.3x20.1x1.8x
Fri, 21 Apr 2023UK£26.9bUK£15.1bUK£1.3b17.2x20.4x1.8x
Price to Earnings Ratio

20.4x


Total Market Cap: UK£26.9bTotal 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 28.4x 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 Market1.71%
Industrials2.91%
Machinery5.98%
Industrial Machinery6.01%
Construction Machinery and Vehicles0%0
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
WEIR Weir GroupUK£30.786.7%
+UK£495.3m		42.8%PE32.2x
IMI IMIUK£27.967.4%
+UK£465.3m		64.7%PE21.9x
SPX Spirax GroupUK£73.306.5%
+UK£331.3m		23.5%PE33.1x
BOY BodycoteUK£6.858.3%
+UK£87.8m		40.7%PE21.4x
ROR RotorkUK£3.302.9%
+UK£74.5m		12.7%PE23.3x

Latest News

FORG
UK£0.00023
Forgent
7D
-4.2%
1Y
-96.9%
IMI
UK£27.96
IMI
7D
7.4%
1Y
64.7%

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£4.29
Vesuvius
7D
6.2%
1Y
25.7%
MGAM
UK£2.10
Morgan Advanced Materials
7D
2.4%
1Y
13.2%

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£73.30
Spirax Group
7D
6.5%
1Y
23.5%
JDG
UK£41.90
Judges Scientific
7D
-1.4%
1Y
-38.0%

JDG: Higher Margin Assumptions Will Drive Long Term Upside After Recent Downgrades

Narrative Update The analyst price target for Judges Scientific has been reduced by £1.00. Analysts attribute the change to updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E following recent research updates from the Street.
ROR
UK£3.30
Rotork
7D
2.9%
1Y
12.7%

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£30.78
Weir Group
7D
6.7%
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.
SOM
UK£1.85
Somero Enterprises
7D
0%
1Y
-21.3%
BOY
UK£6.85
Bodycote
7D
8.3%
1Y
40.7%

BOY: Higher P/E Framework And Bolt On Deals Will Support Future Repricing

Narrative Update on Bodycote The updated analyst price target for Bodycote moves slightly lower to about £8.04 from £8.21, as analysts weigh a mix of higher individual targets, such as £7.00, alongside valuation concerns reflected in a recent downgrade to Sector Perform. Analyst Commentary Recent research on Bodycote shows a mix of optimism and caution, with targets clustered around the £7.00 to £7.75 range and a shift in ratings that reflects differing views on valuation and execution risk.
GDWN
UK£125.60
Goodwin
7D
3.0%
1Y
90.3%