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U.K. (FTSE) Construction Materials Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies8
  • 7D5.2%
  • 3M-8.4%
  • 1Y-11.7%
  • YTDn/a

In the last week, the Construction Materials industry is up 5.2%, with all of the companies up. However, the industry is down 12% over the past year. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026UK£5.0bUK£7.2bUK£279.7m18.2x17.8x0.7x
Sun, 08 Mar 2026UK£5.0bUK£7.1bUK£259.7m16.3x19.4x0.7x
Tue, 03 Feb 2026UK£5.5bUK£7.1bUK£234.8m20.6x23.6x0.8x
Thu, 01 Jan 2026UK£5.4bUK£7.2bUK£235.2m22x22.9x0.8x
Sat, 29 Nov 2025UK£5.2bUK£7.2bUK£235.4m22x21.9x0.7x
Mon, 27 Oct 2025UK£5.1bUK£7.2bUK£235.3m22x21.7x0.7x
Wed, 24 Sep 2025UK£5.1bUK£7.2bUK£235.2m21.3x21.6x0.7x
Fri, 22 Aug 2025UK£5.2bUK£7.1bUK£211.3m25.8x24.6x0.7x
Sun, 20 Jul 2025UK£5.9bUK£7.0bUK£312.2m22.7x18.9x0.8x
Tue, 17 Jun 2025UK£5.9bUK£7.0bUK£310.1m22.7x19.1x0.8x
Thu, 15 May 2025UK£6.2bUK£6.9bUK£308.8m23.3x20.2x0.9x
Sat, 12 Apr 2025UK£5.6bUK£7.0bUK£312.4m20.3x18x0.8x
Mon, 10 Mar 2025UK£6.2bUK£6.7bUK£266.7m29.3x23.2x0.9x
Wed, 05 Feb 2025UK£5.7bUK£6.7bUK£293.5m29.8x19.3x0.8x
Fri, 03 Jan 2025UK£5.8bUK£6.7bUK£293.0m33.3x19.7x0.9x
Sun, 01 Dec 2024UK£6.1bUK£7.3bUK£301.6m29.9x20.3x0.8x
Tue, 29 Oct 2024UK£6.3bUK£7.3bUK£309.3m28.1x20.4x0.9x
Thu, 26 Sep 2024UK£6.0bUK£7.3bUK£309.7m26.6x19.4x0.8x
Sat, 24 Aug 2024UK£6.3bUK£7.2bUK£331.8m15.1x18.9x0.9x
Mon, 22 Jul 2024UK£6.2bUK£7.2bUK£338.7m15.2x18.4x0.9x
Wed, 19 Jun 2024UK£5.7bUK£7.3bUK£354.2m12.6x16x0.8x
Fri, 17 May 2024UK£5.9bUK£7.3bUK£356.4m12.7x16.6x0.8x
Sun, 14 Apr 2024UK£5.6bUK£7.3bUK£356.0m12.2x15.7x0.8x
Tue, 12 Mar 2024UK£5.8bUK£7.5bUK£407.5m11.9x14.1x0.8x
Thu, 08 Feb 2024UK£5.6bUK£7.4bUK£435.2m10.3x12.9x0.8x
Sat, 06 Jan 2024UK£6.2bUK£8.8bUK£548.7m10.1x11.4x0.7x
Mon, 04 Dec 2023UK£5.8bUK£8.8bUK£548.1m8.9x10.5x0.7x
Wed, 01 Nov 2023UK£5.3bUK£8.9bUK£550.3m9x9.7x0.6x
Fri, 29 Sep 2023UK£38.4bUK£36.6bUK£2.9b9.7x13.1x1x
Sun, 27 Aug 2023UK£38.0bUK£35.7bUK£2.9b10.4x13.3x1.1x
Tue, 25 Jul 2023UK£39.2bUK£34.2bUK£2.7b10.1x14.6x1.1x
Thu, 22 Jun 2023UK£36.4bUK£34.4bUK£2.7b10x13.5x1.1x
Sat, 20 May 2023UK£35.3bUK£34.9bUK£2.7b10.2x12.9x1x
Mon, 17 Apr 2023UK£34.1bUK£33.7bUK£2.6b10.3x12.9x1x
Price to Earnings Ratio

12.9x


Total Market Cap: UK£34.1bTotal Earnings: UK£2.6bTotal Revenue: UK£33.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Construction Materials Industry Price to Earnings3Y Average 17.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the British Construction Materials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 17.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.83x.
Past Earnings Growth
  • The earnings for companies in the Construction Materials industry have declined 53% per year over the last three years,
  • Revenues have also declined 40% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does U.K. Construction Materials compare with similar industries?

GB Market1.74%
Materials2.47%
Basic Materials5.17%
Construction Materials5.17%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SRC SigmaRocUK£1.288.4%
+UK£109.9m		51.1%PE17.8x
RHIM RHI MagnesitaUK£26.459.1%
+UK£104.1m		-10.5%PE16.7x
BREE Breedon GroupUK£3.195.1%
+UK£54.1m		-26.6%PE13.2x
IBST IbstockUK£1.094.4%
+UK£18.2m		-34.5%PE139.8x
FORT ForterraUK£1.664.4%
+UK£14.4m		-2.0%PE20.4x

Latest News

SRC
UK£1.28
SigmaRoc
7D
8.4%
1Y
51.1%
FORT
UK£1.66
Forterra
7D
4.4%
1Y
-2.0%
RHIM
UK£26.45
RHI Magnesita
7D
9.1%
1Y
-10.5%

RHIM: Higher Price View Will Rely On Future Margin Delivery

Analysts have lifted their price target on RHI Magnesita to £38.50 from £36.50, reflecting updated views on fair value, discount rate assumptions, revenue growth, profit margin and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts see the higher £38.50 price target as a signal that updated assumptions around revenue growth and profit margins still support upside versus prior fair value estimates.
MBH
UK£0.75
Michelmersh Brick Holdings
7D
5.6%
1Y
-22.3%

Off Site Construction Delays And Energy Costs Will Reshape Premium Brick Demand Over Time

Catalysts About Michelmersh Brick Holdings Michelmersh Brick Holdings manufactures premium clay bricks and prefabricated brick components for U.K. and Benelux construction markets. What are the underlying business or industry changes driving this perspective?
MSLH
UK£1.46
Marshalls
7D
1.3%
1Y
-41.5%

MSLH: Dividend Cut And New CEO Will Shape Fairly Valued Outlook

Analysts have trimmed their price target on Marshalls from £1.85 to £1.53, citing updated assumptions on revenue growth, profit margins, and a lower future P/E multiple. What's in the News The Board proposes a final dividend of 4.5 pence per share, taking the total proposed dividend for 2025 to 6.7 pence per share, compared with 8.0 pence for 2024.
STCM
UK£0.21
Steppe Cement
7D
17.8%
1Y
32.5%
BREE
UK£3.19
Breedon Group
7D
5.1%
1Y
-26.6%

BREE: Future Upside Will Depend On Margin Discipline And Dividend Payout Policy

The analyst price target for Breedon Group has been trimmed from £5.25 to £5.00. Analysts cited updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E, consistent with recent target reductions to £5.00 and £4.50 from the Street.
IBST
UK£1.09
Ibstock
7D
4.4%
1Y
-34.5%

IBST: Macro Uncertainty On 2026 Earnings Will Shape Bullish Dividend Reset Narrative

Analysts have trimmed their price targets for Ibstock, with the average fair value estimate easing from about £1.38 to £1.34. Recent cuts from firms such as Deutsche Bank and RBC reflect more cautious views on 2026 earnings under ongoing macro uncertainty.