Narrative Update • May 31

Over the last 7 days, the Professional Services industry has remained flat. Unfortunately though, the industry is down 32% over the past 12 months. As for the next few years, earnings are expected to grow by 11% per annum.
Has the U.K. Professional Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 01 Jun 2026 | UK£80.0b | UK£36.4b | UK£3.4b | 19.1x | 23.5x | 2.2x |
| Wed, 29 Apr 2026 | UK£83.8b | UK£36.0b | UK£3.3b | 18.8x | 25.4x | 2.3x |
| Fri, 27 Mar 2026 | UK£75.9b | UK£33.7b | UK£3.5b | 16.1x | 21.8x | 2.3x |
| Sun, 22 Feb 2026 | UK£78.1b | UK£36.0b | UK£3.5b | 19.7x | 22.3x | 2.2x |
| Tue, 20 Jan 2026 | UK£97.4b | UK£36.1b | UK£3.4b | 21.1x | 28.8x | 2.7x |
| Thu, 18 Dec 2025 | UK£99.3b | UK£36.1b | UK£3.4b | 19.4x | 29.3x | 2.8x |
| Sat, 15 Nov 2025 | UK£101.1b | UK£36.0b | UK£3.5b | 20.9x | 29.2x | 2.8x |
| Mon, 13 Oct 2025 | UK£107.7b | UK£35.5b | UK£3.3b | 22.5x | 32.6x | 3x |
| Wed, 10 Sep 2025 | UK£113.7b | UK£36.0b | UK£3.4b | 21.7x | 33.8x | 3.2x |
| Fri, 08 Aug 2025 | UK£116.6b | UK£36.3b | UK£3.4b | 21x | 34.6x | 3.2x |
| Sun, 06 Jul 2025 | UK£121.3b | UK£36.6b | UK£3.4b | 22.6x | 35.2x | 3.3x |
| Tue, 03 Jun 2025 | UK£122.0b | UK£36.6b | UK£3.4b | 23x | 35.7x | 3.3x |
| Thu, 01 May 2025 | UK£123.2b | UK£36.5b | UK£3.4b | 22.6x | 35.9x | 3.4x |
| Sat, 29 Mar 2025 | UK£121.0b | UK£37.2b | UK£3.5b | 23.4x | 34.7x | 3.3x |
| Mon, 24 Feb 2025 | UK£124.2b | UK£37.7b | UK£3.4b | 28.8x | 36.8x | 3.3x |
| Wed, 22 Jan 2025 | UK£127.7b | UK£37.9b | UK£3.4b | 28.6x | 37.8x | 3.4x |
| Fri, 20 Dec 2024 | UK£116.2b | UK£37.8b | UK£3.4b | 23.7x | 34.5x | 3.1x |
| Sun, 17 Nov 2024 | UK£114.7b | UK£37.8b | UK£3.3b | 23.1x | 35.3x | 3x |
| Tue, 15 Oct 2024 | UK£119.4b | UK£37.4b | UK£3.2b | 22.9x | 36.9x | 3.2x |
| Thu, 12 Sep 2024 | UK£117.5b | UK£37.4b | UK£3.2b | 22.8x | 36.5x | 3.1x |
| Sat, 10 Aug 2024 | UK£116.1b | UK£38.1b | UK£3.3b | 21.9x | 34.7x | 3x |
| Mon, 08 Jul 2024 | UK£118.4b | UK£38.5b | UK£3.1b | 19.4x | 37.9x | 3.1x |
| Wed, 05 Jun 2024 | UK£117.5b | UK£38.6b | UK£3.1b | 20.2x | 37.4x | 3x |
| Fri, 03 May 2024 | UK£109.3b | UK£38.4b | UK£3.0b | 19x | 36.1x | 2.8x |
| Sun, 31 Mar 2024 | UK£113.7b | UK£38.4b | UK£3.0b | 22.5x | 37.6x | 3x |
| Tue, 27 Feb 2024 | UK£115.1b | UK£40.6b | UK£3.2b | 19.2x | 35.6x | 2.8x |
| Thu, 25 Jan 2024 | UK£111.1b | UK£41.7b | UK£3.3b | 19.9x | 33.3x | 2.7x |
| Sat, 23 Dec 2023 | UK£105.7b | UK£41.6b | UK£3.3b | 22.4x | 31.7x | 2.5x |
| Mon, 20 Nov 2023 | UK£100.1b | UK£41.8b | UK£3.5b | 17.4x | 28.7x | 2.4x |
| Wed, 18 Oct 2023 | UK£96.9b | UK£41.7b | UK£3.3b | 17.1x | 29.5x | 2.3x |
| Fri, 15 Sep 2023 | UK£95.9b | UK£41.6b | UK£3.3b | 19.8x | 29.4x | 2.3x |
| Sun, 13 Aug 2023 | UK£92.8b | UK£41.1b | UK£3.3b | 17.8x | 28.3x | 2.3x |
| Tue, 11 Jul 2023 | UK£89.8b | UK£39.7b | UK£3.3b | 15.5x | 27.4x | 2.3x |
| Thu, 08 Jun 2023 | UK£93.5b | UK£39.7b | UK£3.3b | 16.6x | 28.4x | 2.4x |
28.4x
Which industries have driven the changes within the U.K. Industrials industry?
| GB Market | -0.29% | |
| Industrials | 2.40% | |
| Professional Services | -0.26% | |
| HR Services | 3.60% | |
| Research and Consulting Services | -0.36% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| REL RELX | UK£24.50 | 0.1% +UK£53.1m | -38.8% | PE21x | |
| RWS RWS Holdings | UK£1.08 | 10.9% +UK£39.3m | 36.9% | PS0.6x | |
| DATA GlobalData | UK£1.07 | 4.1% +UK£30.7m | -40.3% | PE23.6x | |
| HAS Hays | UK£0.33 | 5.6% +UK£27.8m | -53.5% | PS0.08x | |
| CPI Capita | UK£3.99 | 5.6% +UK£25.2m | 74.8% | PS0.2x |