Narrative Update • May 31

Last week, the Professional Services industry hasn't moved much but RELX is up 3.9% in that time. Unfortunately though, the industry is down 32% over the past 12 months. Looking forward, earnings are forecast to grow by 11% annually.
Has the U.K. Professional Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 02 Jun 2026 | UK£80.0b | UK£36.4b | UK£3.4b | 19.1x | 23.5x | 2.2x |
| Thu, 30 Apr 2026 | UK£83.6b | UK£36.0b | UK£3.3b | 18.8x | 25.3x | 2.3x |
| Sat, 28 Mar 2026 | UK£75.2b | UK£33.7b | UK£3.5b | 15.9x | 21.6x | 2.2x |
| Mon, 23 Feb 2026 | UK£78.1b | UK£36.0b | UK£3.5b | 19.7x | 22.3x | 2.2x |
| Wed, 21 Jan 2026 | UK£97.1b | UK£36.1b | UK£3.4b | 21.1x | 28.8x | 2.7x |
| Fri, 19 Dec 2025 | UK£100.0b | UK£36.1b | UK£3.4b | 19.6x | 29.5x | 2.8x |
| Sun, 16 Nov 2025 | UK£101.1b | UK£35.9b | UK£3.5b | 20.9x | 29.2x | 2.8x |
| Tue, 14 Oct 2025 | UK£108.0b | UK£35.5b | UK£3.3b | 21.7x | 32.7x | 3x |
| Thu, 11 Sep 2025 | UK£110.6b | UK£36.0b | UK£3.4b | 22x | 32.9x | 3.1x |
| Sat, 09 Aug 2025 | UK£114.4b | UK£36.3b | UK£3.4b | 21.4x | 33.9x | 3.2x |
| Mon, 07 Jul 2025 | UK£121.3b | UK£36.6b | UK£3.4b | 22.6x | 35.2x | 3.3x |
| Wed, 04 Jun 2025 | UK£121.7b | UK£36.6b | UK£3.4b | 22.7x | 35.6x | 3.3x |
| Fri, 02 May 2025 | UK£124.1b | UK£36.5b | UK£3.4b | 22.8x | 36.1x | 3.4x |
| Sun, 30 Mar 2025 | UK£121.0b | UK£37.2b | UK£3.5b | 23.4x | 34.7x | 3.3x |
| Tue, 25 Feb 2025 | UK£123.7b | UK£37.7b | UK£3.4b | 28.8x | 36.6x | 3.3x |
| Thu, 23 Jan 2025 | UK£127.7b | UK£38.0b | UK£3.4b | 28.6x | 37.8x | 3.4x |
| Sat, 21 Dec 2024 | UK£115.7b | UK£37.8b | UK£3.4b | 23.7x | 34.4x | 3.1x |
| Mon, 18 Nov 2024 | UK£114.7b | UK£37.8b | UK£3.3b | 23.1x | 35.3x | 3x |
| Wed, 16 Oct 2024 | UK£132.1b | UK£37.4b | UK£3.2b | 22.1x | 40.8x | 3.5x |
| Fri, 13 Sep 2024 | UK£119.4b | UK£37.4b | UK£3.2b | 24.5x | 37.1x | 3.2x |
| Sun, 11 Aug 2024 | UK£116.1b | UK£38.1b | UK£3.3b | 21.9x | 34.7x | 3x |
| Tue, 09 Jul 2024 | UK£118.6b | UK£38.5b | UK£3.1b | 19.2x | 37.9x | 3.1x |
| Thu, 06 Jun 2024 | UK£118.5b | UK£38.5b | UK£3.1b | 20.2x | 37.7x | 3.1x |
| Sat, 04 May 2024 | UK£111.0b | UK£38.4b | UK£3.0b | 19.1x | 36.7x | 2.9x |
| Mon, 01 Apr 2024 | UK£113.7b | UK£38.4b | UK£3.0b | 22.5x | 37.6x | 3x |
| Wed, 28 Feb 2024 | UK£114.1b | UK£40.6b | UK£3.2b | 19.4x | 35.3x | 2.8x |
| Fri, 26 Jan 2024 | UK£111.0b | UK£41.7b | UK£3.3b | 19.8x | 33.3x | 2.7x |
| Sun, 24 Dec 2023 | UK£105.7b | UK£41.7b | UK£3.3b | 22.4x | 31.7x | 2.5x |
| Tue, 21 Nov 2023 | UK£100.3b | UK£41.7b | UK£3.5b | 17.4x | 28.8x | 2.4x |
| Thu, 19 Oct 2023 | UK£96.3b | UK£41.8b | UK£3.3b | 17.1x | 29.3x | 2.3x |
| Sat, 16 Sep 2023 | UK£95.9b | UK£41.6b | UK£3.3b | 19.8x | 29.4x | 2.3x |
| Mon, 14 Aug 2023 | UK£92.8b | UK£41.1b | UK£3.3b | 17.8x | 28.3x | 2.3x |
| Wed, 12 Jul 2023 | UK£89.1b | UK£39.6b | UK£3.3b | 15.6x | 27.2x | 2.2x |
| Fri, 09 Jun 2023 | UK£93.1b | UK£39.7b | UK£3.3b | 16.6x | 28.3x | 2.3x |
28.3x
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£25.43 | 3.9% +UK£1.7b | -36.5% | PE21.8x | |
| EXPN Experian | UK£26.76 | 3.3% +UK£761.0m | -27.2% | PE21.5x | |
| DATA GlobalData | UK£1.10 | 7.8% +UK£58.6m | -38.2% | PE24.4x | |
| HAS Hays | UK£0.34 | 9.2% +UK£46.1m | -51.9% | PS0.08x | |
| RWS RWS Holdings | UK£1.09 | 11.8% +UK£42.7m | 38.1% | PS0.6x |