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U.K. (FTSE) Machinery Industry Analysis

UpdatedAug 06, 2026
DataAggregated Company Financials
Companies19
  • 7D4.6%
  • 3M11.4%
  • 1Y25.5%
  • YTD10.6%

In the last week, the Machinery industry is up 4.6%, with IMI up 7.8%. In the last 12 months, the industry was up 25%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Aug 2026UK£30.1bUK£12.6bUK£1.1b26.2x28.2x2.4x
Sat, 04 Jul 2026UK£26.9bUK£12.5bUK£1.0b22.5x26.3x2.2x
Mon, 01 Jun 2026UK£26.7bUK£12.5bUK£1.0b25.4x26.7x2.1x
Wed, 29 Apr 2026UK£27.3bUK£12.4bUK£998.2m22.1x27.3x2.2x
Fri, 27 Mar 2026UK£26.3bUK£12.4bUK£1.0b23.6x26.3x2.1x
Sun, 22 Feb 2026UK£31.8bUK£12.2bUK£999.7m28.8x31.9x2.6x
Tue, 20 Jan 2026UK£29.0bUK£12.2bUK£998.6m27.1x29.1x2.4x
Thu, 18 Dec 2025UK£26.7bUK£12.2bUK£998.5m24.2x26.8x2.2x
Sat, 15 Nov 2025UK£27.0bUK£12.2bUK£983.4m25.3x27.5x2.2x
Mon, 13 Oct 2025UK£26.5bUK£12.4bUK£998.5m23.6x26.6x2.1x
Wed, 10 Sep 2025UK£25.7bUK£12.4bUK£1.0b23.2x25.4x2.1x
Fri, 08 Aug 2025UK£24.4bUK£12.5bUK£1.1b22.8x22.9x2x
Sun, 06 Jul 2025UK£24.2bUK£12.5bUK£1.1b22.5x22.5x1.9x
Tue, 03 Jun 2025UK£23.0bUK£12.5bUK£1.1b22.3x21.4x1.8x
Thu, 01 May 2025UK£21.7bUK£12.5bUK£1.1b20.6x20x1.7x
Sat, 29 Mar 2025UK£23.4bUK£12.5bUK£1.1b20x21.5x1.9x
Mon, 24 Feb 2025UK£24.8bUK£12.6bUK£1.1b21.8x22.7x2x
Wed, 22 Jan 2025UK£24.8bUK£12.6bUK£1.1b22.1x22.7x2x
Fri, 20 Dec 2024UK£23.7bUK£12.6bUK£1.1b21.7x21.6x1.9x
Sun, 17 Nov 2024UK£22.9bUK£12.6bUK£1.1b21.1x20.9x1.8x
Tue, 15 Oct 2024UK£23.4bUK£12.6bUK£1.1b20.6x21.4x1.9x
Thu, 12 Sep 2024UK£23.7bUK£12.6bUK£1.1b20.5x21.7x1.9x
Sat, 10 Aug 2024UK£23.7bUK£12.6bUK£1.1b20.3x21.6x1.9x
Mon, 08 Jul 2024UK£25.3bUK£12.8bUK£1.1b19.4x23.2x2x
Wed, 05 Jun 2024UK£25.7bUK£12.8bUK£1.1b20.2x23.3x2x
Fri, 03 May 2024UK£25.2bUK£12.8bUK£1.1b19.2x22.8x2x
Sun, 31 Mar 2024UK£26.1bUK£12.8bUK£1.1b18.9x23.5x2x
Tue, 27 Feb 2024UK£25.5bUK£12.9bUK£1.2b17.2x21.2x2x
Thu, 25 Jan 2024UK£25.8bUK£15.8bUK£1.3b17.2x19.4x1.6x
Sat, 23 Dec 2023UK£26.6bUK£15.8bUK£1.3b17.2x20x1.7x
Mon, 20 Nov 2023UK£24.7bUK£15.8bUK£1.3b15.9x18.6x1.6x
Wed, 18 Oct 2023UK£24.0bUK£15.8bUK£1.3b16.5x18.1x1.5x
Fri, 15 Sep 2023UK£25.6bUK£15.8bUK£1.3b16x19.3x1.6x
Sun, 13 Aug 2023UK£26.0bUK£15.8bUK£1.3b16.7x19.6x1.7x
Price to Earnings Ratio

19.6x


Total Market Cap: UK£26.0bTotal Earnings: UK£1.3bTotal Revenue: UK£15.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Machinery Industry Price to Earnings3Y Average 23.3x202420252026
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 23.3x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have declined 7.0% per year over the last three years,
  • Revenues have also declined 7.1% 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 Market0.33%
Industrials4.65%
Machinery4.59%
Industrial Machinery4.62%
Construction Machinery and Vehicles-0.86%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 23.5x.
    • Analysts are expecting annual earnings growth of 13.8%, which is lower than the prior year's growth of 16.6% 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 10.9x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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
IMI IMIUK£30.847.8%
+UK£530.9m		39.8%PE21.9x
BOY BodycoteUK£9.2327.6%
+UK£336.3m		44.6%PE26.7x
SPX Spirax GroupUK£73.456.1%
+UK£309.9m		21.1%PE33.2x
GDWN GoodwinUK£187.8014.9%
+UK£183.2m		97.7%PE35.6x
MGAM Morgan Advanced MaterialsUK£2.4010.3%
+UK£62.2m		6.4%PS0.7x

Latest News

BOY
UK£9.23
Bodycote
7D
27.6%
1Y
44.6%
GDWN
UK£187.80
Goodwin
7D
14.9%
1Y
97.7%
ROR
UK£4.87
Rotork
7D
0.2%
1Y
45.7%
IMI
UK£30.84
IMI
7D
7.8%
1Y
39.8%
Narrative Update • Aug 05

IMI: M&A Pipeline And Growing Dividends Will Support Future Capital Deployment

Analysts have raised their price target for IMI to £31.28 from £30.61, citing updated assumptions for revenue growth, profit margins, a lower discount rate and a revised future P/E multiple. What's in the News for IMI IMI is seeking bolt on acquisitions that fit its existing business model, with management highlighting a strong M&A pipeline focused on differentiated, scalable technology and an expanded installed base and aftermarket presence.
VSVS
UK£3.84
Vesuvius
7D
5.4%
1Y
6.6%
WEIR
UK£26.88
Weir Group
7D
-2.0%
1Y
7.9%
FORG
UK£0.00011
Forgent
7D
-15.4%
1Y
-98.0%
SOM
UK£2.30
Somero Enterprises
7D
-0.9%
1Y
3.4%
JDG
UK£43.00
Judges Scientific
7D
-8.0%
1Y
-29.3%
Narrative Update • Jul 10

JDG: Higher Margin Outlook And Dividend Policy Will Support Upside

Analysts have raised their fair value estimate for Judges Scientific from £40.15 to £56.00, citing updated assumptions on the discount rate, revenue trends, profit margins and future P/E levels. What’s in the News for Judges Scientific Judges Scientific plc appointed RSM UK Audit LLP as external auditor for the financial year ending December 31, 2026, following an extensive tender process.
PRV
UK£8.74
Porvair
7D
1.6%
1Y
17.5%
Narrative Update • Jul 09

PRV: Engineered Filtration Compounder Will Seek Higher Re Rating After Buy Initiation

Analysts have increased their fair value estimate for Porvair from £7.12 to £9.00, citing new coverage that highlights the company as a consistent earnings "compounder" in engineered filtration, laboratory, and metal melt products and supports a £10.50 price target. What's in the News for Porvair Richard Bernstein, founder and former investment manager of Crystal Amber, has publicly called for a sale of Porvair plc.
MGAM
UK£2.40
Morgan Advanced Materials
7D
10.3%
1Y
6.4%
Narrative Update • Jun 22

MGAM: Higher Margins And Lower P/E Assumptions Will Support Future Upside

Morgan Advanced Materials' analyst price target has been cut by £0.25 per share, with analysts pointing to updated views on discount rates, revenue growth, profit margins and future P/E assumptions as key drivers of the change. What's in the News for Morgan Advanced Materials Morgan Advanced Materials has announced that Chief Financial Officer Richard Armitage plans to retire, with his departure from the role and the Board expected in the first half of 2027.
SPX
UK£73.45
Spirax Group
7D
6.1%
1Y
21.1%
Narrative Update • Jun 17

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

Analysts have trimmed their Spirax Group price target to £81.17, reflecting a slightly lower discount rate and marginally adjusted future P/E expectations following recent research updates. What’s in the News for Spirax Group Spirax Group proposed a final dividend of 121.1 pence per share for 2025, subject to shareholder approval.
XSG
UK£0.013
Xeros Technology Group
7D
-5.3%
1Y
3.8%
Analysis Article • May 08

We Think Xeros Technology Group (LON:XSG) Can Afford To Drive Business Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...