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U.K. (FTSE) Construction Materials Industry Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies8
  • 7D3.7%
  • 3M-8.2%
  • 1Y-8.2%
  • YTDn/a

In the last week, the Construction Materials industry is up 3.7%, with RHI Magnesita up 7.4%. In the same time, Steppe Cement was down 5.6%. In contrast, the industry has lost 8.2% in the last 12 months. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Apr 2026UK£5.0bUK£7.2bUK£279.6m18.2x17.8x0.7x
Sat, 07 Mar 2026UK£5.0bUK£7.1bUK£259.7m16.3x19.4x0.7x
Mon, 02 Feb 2026UK£5.4bUK£7.2bUK£234.9m20.2x23.2x0.8x
Wed, 31 Dec 2025UK£5.4bUK£7.2bUK£235.2m22.1x22.9x0.8x
Fri, 28 Nov 2025UK£5.2bUK£7.2bUK£235.4m22.1x21.9x0.7x
Sun, 26 Oct 2025UK£5.1bUK£7.2bUK£235.3m22x21.7x0.7x
Tue, 23 Sep 2025UK£5.0bUK£7.2bUK£235.2m20.7x21.3x0.7x
Thu, 21 Aug 2025UK£5.2bUK£7.1bUK£211.4m25.7x24.8x0.7x
Sat, 19 Jul 2025UK£5.9bUK£7.0bUK£312.2m22.7x18.9x0.8x
Mon, 16 Jun 2025UK£5.9bUK£7.0bUK£310.0m22.6x18.9x0.8x
Wed, 14 May 2025UK£6.2bUK£6.9bUK£308.6m23.3x20.1x0.9x
Fri, 11 Apr 2025UK£5.6bUK£7.0bUK£311.7m20.5x18.1x0.8x
Sun, 09 Mar 2025UK£6.2bUK£6.7bUK£266.7m29.3x23.2x0.9x
Tue, 04 Feb 2025UK£5.8bUK£6.7bUK£293.5m30.1x19.6x0.9x
Thu, 02 Jan 2025UK£5.8bUK£6.7bUK£292.6m34.4x19.7x0.9x
Sat, 30 Nov 2024UK£6.1bUK£7.3bUK£301.6m29.9x20.3x0.8x
Mon, 28 Oct 2024UK£6.2bUK£7.3bUK£309.1m28.2x20x0.9x
Wed, 25 Sep 2024UK£6.0bUK£7.3bUK£309.1m26.7x19.5x0.8x
Fri, 23 Aug 2024UK£6.2bUK£7.2bUK£332.1m14.9x18.6x0.9x
Sun, 21 Jul 2024UK£6.2bUK£7.2bUK£338.7m15.2x18.4x0.9x
Tue, 18 Jun 2024UK£5.6bUK£7.3bUK£354.2m12.6x15.8x0.8x
Thu, 16 May 2024UK£5.9bUK£7.3bUK£356.4m12.8x16.7x0.8x
Sat, 13 Apr 2024UK£5.6bUK£7.3bUK£356.0m12.2x15.7x0.8x
Mon, 11 Mar 2024UK£5.9bUK£7.4bUK£407.2m11.9x14.4x0.8x
Wed, 07 Feb 2024UK£5.6bUK£7.4bUK£435.3m10.4x12.9x0.8x
Fri, 05 Jan 2024UK£6.3bUK£8.8bUK£549.1m10x11.4x0.7x
Sun, 03 Dec 2023UK£5.8bUK£8.8bUK£548.1m8.9x10.5x0.7x
Tue, 31 Oct 2023UK£5.3bUK£8.9bUK£550.4m9x9.6x0.6x
Thu, 28 Sep 2023UK£37.5bUK£36.8bUK£2.9b9.8x12.8x1x
Sat, 26 Aug 2023UK£38.0bUK£35.7bUK£2.9b10.4x13.3x1.1x
Mon, 24 Jul 2023UK£39.2bUK£34.2bUK£2.7b10x14.6x1.1x
Wed, 21 Jun 2023UK£35.8bUK£34.3bUK£2.7b10.1x13.3x1x
Fri, 19 May 2023UK£35.2bUK£35.0bUK£2.7b10.3x12.8x1x
Sun, 16 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 Market2.47%
Materials3.20%
Basic Materials3.66%
Construction Materials3.66%
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
RHIM RHI MagnesitaUK£26.107.4%
+UK£85.2m		-7.9%PE16.5x
SRC SigmaRocUK£1.262.7%
+UK£36.6m		52.4%PE17.5x
BREE Breedon GroupUK£3.162.9%
+UK£31.2m		-25.4%PE13.1x
IBST IbstockUK£1.103.3%
+UK£13.8m		-31.9%PE140.7x
MSLH MarshallsUK£1.481.2%
+UK£4.4m		-38.1%PE26x

Latest News

MBH
UK£0.76
Michelmersh Brick Holdings
7D
6.3%
1Y
-20.1%

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?
SRC
UK£1.26
SigmaRoc
7D
2.7%
1Y
52.4%

SRC: Higher Future P/E And Revised Assumptions Will Support Upside Potential

Analysts have trimmed their price target for SigmaRoc from £1.58 to £1.56, citing updated assumptions that include a different mix of expected revenue growth, profit margins, discount rate and future P/E levels. Valuation Changes Fair Value: trimmed slightly from £1.58 to £1.56.
MSLH
UK£1.48
Marshalls
7D
1.2%
1Y
-38.1%

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£0.17
Steppe Cement
7D
-5.6%
1Y
17.2%
BREE
UK£3.16
Breedon Group
7D
2.9%
1Y
-25.4%

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£1.10
Ibstock
7D
3.3%
1Y
-31.9%

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.
FORT
UK£1.63
Forterra
7D
0.9%
1Y
-0.6%

FORT: Buybacks And Dividend Momentum Will Support Future Shareholder Returns

Analysts have nudged their price target on Forterra slightly lower from £1.92 to £1.90, reflecting updated assumptions for slower revenue growth, partially offset by firmer profit margin expectations and a modestly lower future P/E multiple. What's in the News On March 16, 2026, the Board of Directors authorized a share buyback plan for Forterra plc, classified as a buyback transaction announcement (Key Developments).
RHIM
UK£26.10
RHI Magnesita
7D
7.4%
1Y
-7.9%

RHIM: Future Returns Will Hinge On Earnings Quality And P/E Execution

Analysts have lifted their price target on RHI Magnesita by £2.00 per share, from £36.50 to £38.50. They cited updated assumptions for discount rate, revenue growth, profit margin and future P/E that support a slightly higher valuation range.