Narrative Update • Jun 28

In the last week, the Professional Services industry is flat overall, with Public Policy Holding Company standing out by going down 13%. Unfortunately though, the industry is down 34% 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 |
|---|---|---|---|---|---|---|
| Tue, 30 Jun 2026 | UK£77.9b | UK£36.4b | UK£3.4b | 16.9x | 22.7x | 2.1x |
| Thu, 28 May 2026 | UK£80.2b | UK£36.4b | UK£3.4b | 18.7x | 23.5x | 2.2x |
| Sat, 25 Apr 2026 | UK£85.2b | UK£36.0b | UK£3.3b | 19.1x | 25.8x | 2.4x |
| Mon, 23 Mar 2026 | UK£78.4b | UK£33.6b | UK£3.5b | 16.3x | 22.5x | 2.3x |
| Wed, 18 Feb 2026 | UK£76.0b | UK£36.0b | UK£3.5b | 19.5x | 21.7x | 2.1x |
| Fri, 16 Jan 2026 | UK£100.4b | UK£36.1b | UK£3.4b | 21.3x | 29.7x | 2.8x |
| Sun, 14 Dec 2025 | UK£98.3b | UK£36.1b | UK£3.4b | 18.8x | 29x | 2.7x |
| Tue, 11 Nov 2025 | UK£103.2b | UK£35.6b | UK£3.3b | 21.2x | 31.1x | 2.9x |
| Thu, 09 Oct 2025 | UK£109.5b | UK£36.0b | UK£3.3b | 22.2x | 33.2x | 3x |
| Sat, 06 Sep 2025 | UK£113.5b | UK£36.0b | UK£3.4b | 21.6x | 33.8x | 3.1x |
| Mon, 04 Aug 2025 | UK£121.5b | UK£36.8b | UK£3.5b | 22.3x | 35.1x | 3.3x |
| Wed, 02 Jul 2025 | UK£121.4b | UK£36.6b | UK£3.4b | 22.6x | 35.3x | 3.3x |
| Fri, 30 May 2025 | UK£121.8b | UK£36.6b | UK£3.4b | 22.6x | 35.6x | 3.3x |
| Sun, 27 Apr 2025 | UK£120.9b | UK£36.5b | UK£3.4b | 21.2x | 35.2x | 3.3x |
| Tue, 25 Mar 2025 | UK£120.5b | UK£37.2b | UK£3.5b | 23x | 34.5x | 3.2x |
| Thu, 20 Feb 2025 | UK£127.3b | UK£37.8b | UK£3.4b | 29.6x | 37.6x | 3.4x |
| Sat, 18 Jan 2025 | UK£126.0b | UK£38.0b | UK£3.4b | 28.1x | 37.2x | 3.3x |
| Mon, 16 Dec 2024 | UK£118.7b | UK£37.8b | UK£3.4b | 24x | 35.4x | 3.1x |
| Wed, 13 Nov 2024 | UK£119.0b | UK£37.6b | UK£3.3b | 23.6x | 36.5x | 3.2x |
| Fri, 11 Oct 2024 | UK£118.5b | UK£37.4b | UK£3.2b | 22.9x | 36.6x | 3.2x |
| Sun, 08 Sep 2024 | UK£115.7b | UK£37.4b | UK£3.2b | 22.5x | 36x | 3.1x |
| Tue, 06 Aug 2024 | UK£114.2b | UK£38.3b | UK£3.4b | 18.4x | 33.8x | 3x |
| Thu, 04 Jul 2024 | UK£118.3b | UK£38.5b | UK£3.1b | 19.3x | 37.8x | 3.1x |
| Sat, 01 Jun 2024 | UK£115.2b | UK£38.6b | UK£3.1b | 20.4x | 36.7x | 3x |
| Mon, 29 Apr 2024 | UK£110.1b | UK£38.5b | UK£3.0b | 19.2x | 36.2x | 2.9x |
| Wed, 27 Mar 2024 | UK£113.3b | UK£38.4b | UK£3.0b | 21.5x | 37.5x | 2.9x |
| Fri, 23 Feb 2024 | UK£114.7b | UK£41.0b | UK£3.3b | 19.3x | 34.9x | 2.8x |
| Sun, 21 Jan 2024 | UK£109.0b | UK£41.7b | UK£3.3b | 20x | 32.7x | 2.6x |
| Tue, 19 Dec 2023 | UK£104.1b | UK£41.7b | UK£3.4b | 21.8x | 31x | 2.5x |
| Thu, 16 Nov 2023 | UK£98.3b | UK£41.6b | UK£3.3b | 17.3x | 30x | 2.4x |
| Sat, 14 Oct 2023 | UK£97.7b | UK£41.8b | UK£3.3b | 17.1x | 29.7x | 2.3x |
| Mon, 11 Sep 2023 | UK£94.4b | UK£41.6b | UK£3.3b | 19.3x | 28.9x | 2.3x |
| Wed, 09 Aug 2023 | UK£93.1b | UK£41.1b | UK£3.3b | 18x | 28.4x | 2.3x |
| Fri, 07 Jul 2023 | UK£91.5b | UK£39.7b | UK£3.3b | 16.4x | 27.9x | 2.3x |
27.9x
Which industries have driven the changes within the U.K. Industrials industry?
| GB Market | 0.17% | |
| Industrials | 0.027% | |
| Professional Services | 1.33% | |
| HR Services | 4.28% | |
| Research and Consulting Services | 1.32% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| REL RELX | UK£23.60 | 1.4% +UK£563.8m | -40.1% | PE20.1x | |
| EXPN Experian | UK£25.51 | 2.1% +UK£472.4m | -32.0% | PE20.1x | |
| HAS Hays | UK£0.32 | 7.7% +UK£37.1m | -54.6% | PS0.08x | |
| PAGE PageGroup | UK£1.07 | 3.5% +UK£11.2m | -60.0% | PE36.7x | |
| WIL Wilmington | UK£2.75 | 1.9% +UK£4.5m | -19.1% | PE22.3x |