Narrative Update • Jun 11

Over the last 7 days, the Professional Services industry has dropped 3.0%, driven by RELX declining 4.7%. However, the industry is down 31% over the past year. 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 |
|---|---|---|---|---|---|---|
| Sun, 14 Jun 2026 | UK£80.8b | UK£36.4b | UK£3.4b | 17.5x | 23.7x | 2.2x |
| Tue, 12 May 2026 | UK£80.4b | UK£35.9b | UK£3.3b | 17.6x | 24.4x | 2.2x |
| Thu, 09 Apr 2026 | UK£80.3b | UK£36.0b | UK£3.3b | 17.4x | 24.3x | 2.2x |
| Sat, 07 Mar 2026 | UK£83.7b | UK£36.0b | UK£3.5b | 18.9x | 23.9x | 2.3x |
| Mon, 02 Feb 2026 | UK£84.9b | UK£35.9b | UK£3.3b | 20.5x | 25.3x | 2.4x |
| Wed, 31 Dec 2025 | UK£100.0b | UK£36.0b | UK£3.4b | 20.4x | 29.6x | 2.8x |
| Fri, 28 Nov 2025 | UK£99.0b | UK£36.1b | UK£3.5b | 20.2x | 28.1x | 2.7x |
| Sun, 26 Oct 2025 | UK£111.5b | UK£35.5b | UK£3.3b | 21.6x | 33.7x | 3.1x |
| Tue, 23 Sep 2025 | UK£111.5b | UK£36.1b | UK£3.4b | 22.3x | 33.2x | 3.1x |
| Thu, 21 Aug 2025 | UK£116.0b | UK£36.2b | UK£3.4b | 21.3x | 34.5x | 3.2x |
| Sat, 19 Jul 2025 | UK£124.8b | UK£36.7b | UK£3.5b | 22.2x | 36.1x | 3.4x |
| Mon, 16 Jun 2025 | UK£120.6b | UK£36.6b | UK£3.4b | 22.4x | 35.4x | 3.3x |
| Wed, 14 May 2025 | UK£124.5b | UK£36.5b | UK£3.4b | 23.8x | 36.2x | 3.4x |
| Fri, 11 Apr 2025 | UK£113.5b | UK£36.6b | UK£3.5b | 20.1x | 32.9x | 3.1x |
| Sun, 09 Mar 2025 | UK£117.9b | UK£37.1b | UK£3.5b | 24.3x | 33.8x | 3.2x |
| Tue, 04 Feb 2025 | UK£127.8b | UK£37.8b | UK£3.4b | 27.8x | 38x | 3.4x |
| Thu, 02 Jan 2025 | UK£115.3b | UK£37.8b | UK£3.4b | 23.9x | 34.3x | 3x |
| Sat, 30 Nov 2024 | UK£119.7b | UK£37.7b | UK£3.2b | 24.6x | 36.9x | 3.2x |
| Mon, 28 Oct 2024 | UK£119.7b | UK£37.5b | UK£3.2b | 22.4x | 36.9x | 3.2x |
| Wed, 25 Sep 2024 | UK£120.4b | UK£37.3b | UK£3.2b | 24.2x | 37.5x | 3.2x |
| Fri, 23 Aug 2024 | UK£116.3b | UK£37.8b | UK£3.3b | 18.8x | 35.2x | 3.1x |
| Sun, 21 Jul 2024 | UK£114.4b | UK£38.5b | UK£3.1b | 18.8x | 36.7x | 3x |
| Tue, 18 Jun 2024 | UK£118.2b | UK£38.5b | UK£3.1b | 19.9x | 37.7x | 3.1x |
| Thu, 16 May 2024 | UK£117.7b | UK£38.4b | UK£3.0b | 19.6x | 39x | 3.1x |
| Sat, 13 Apr 2024 | UK£110.8b | UK£38.5b | UK£3.0b | 22.7x | 36.5x | 2.9x |
| Mon, 11 Mar 2024 | UK£113.4b | UK£40.3b | UK£3.0b | 20.4x | 37.3x | 2.8x |
| Wed, 07 Feb 2024 | UK£109.7b | UK£40.9b | UK£3.3b | 20.4x | 33.7x | 2.7x |
| Fri, 05 Jan 2024 | UK£105.2b | UK£41.7b | UK£3.3b | 21.8x | 31.6x | 2.5x |
| Sun, 03 Dec 2023 | UK£101.5b | UK£41.7b | UK£3.4b | 18.2x | 29.5x | 2.4x |
| Tue, 31 Oct 2023 | UK£92.3b | UK£41.7b | UK£3.3b | 17.1x | 28.1x | 2.2x |
| Thu, 28 Sep 2023 | UK£93.5b | UK£41.8b | UK£3.3b | 19.1x | 28.5x | 2.2x |
| Sat, 26 Aug 2023 | UK£90.1b | UK£41.5b | UK£3.3b | 18.1x | 27.5x | 2.2x |
| Mon, 24 Jul 2023 | UK£94.8b | UK£39.6b | UK£3.3b | 16.2x | 28.9x | 2.4x |
| Wed, 21 Jun 2023 | UK£94.2b | UK£39.6b | UK£3.3b | 16.5x | 28.7x | 2.4x |
28.7x
Which industries have driven the changes within the U.K. Industrials industry?
| GB Market | 1.05% | |
| Industrials | 0.62% | |
| Professional Services | -3.02% | |
| HR Services | 2.74% | |
| Research and Consulting Services | -3.10% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ITRK Intertek Group | UK£56.60 | 3.8% +UK£314.7m | 18.9% | PE25.3x | |
| HAS Hays | UK£0.37 | 6.2% +UK£34.5m | -49.0% | PS0.09x | |
| PAGE PageGroup | UK£1.25 | 2.0% +UK£7.4m | -54.1% | PE43x | |
| WIL Wilmington | UK£2.63 | 1.2% +UK£2.7m | -24.9% | PE21.4x | |
| RTC RTC Group | UK£1.05 | 4.0% +UK£502.2k | 7.7% | PE7.3x |