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U.K. (FTSE) Construction Materials Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies8
  • 7D-2.3%
  • 3M-11.7%
  • 1Y-21.2%
  • YTDn/a

Over the last 7 days, the Construction Materials industry has dropped 2.3%, driven by Breedon Group declining 5.7%. Overall the industry is down 21% in 12 months. 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
Thu, 26 Mar 2026UK£4.7bUK£7.2bUK£280.9m15.7x16.9x0.7x
Sat, 21 Feb 2026UK£5.9bUK£7.2bUK£235.2m22.4x25.3x0.8x
Mon, 19 Jan 2026UK£5.4bUK£7.2bUK£235.0m21.4x22.8x0.7x
Wed, 17 Dec 2025UK£5.3bUK£7.2bUK£235.4m21.4x22.4x0.7x
Fri, 14 Nov 2025UK£5.0bUK£7.2bUK£235.7m21.6x21.4x0.7x
Sun, 12 Oct 2025UK£4.8bUK£7.2bUK£235.1m20.5x20.6x0.7x
Tue, 09 Sep 2025UK£5.2bUK£7.2bUK£232.7m25.6x22.4x0.7x
Thu, 07 Aug 2025UK£5.2bUK£7.1bUK£218.9m26x23.9x0.7x
Sat, 05 Jul 2025UK£5.7bUK£7.0bUK£311.7m22.3x18.2x0.8x
Mon, 02 Jun 2025UK£6.1bUK£6.9bUK£308.8m23.3x19.9x0.9x
Wed, 30 Apr 2025UK£5.8bUK£7.0bUK£309.8m22.2x18.8x0.8x
Fri, 28 Mar 2025UK£5.9bUK£6.9bUK£307.6m20.4x19.3x0.9x
Sun, 23 Feb 2025UK£5.9bUK£6.7bUK£292.9m28.7x20.1x0.9x
Tue, 21 Jan 2025UK£5.7bUK£6.7bUK£296.2m29.8x19.1x0.8x
Thu, 19 Dec 2024UK£5.8bUK£6.7bUK£292.3m34.9x19.9x0.9x
Sat, 16 Nov 2024UK£6.2bUK£7.3bUK£309.6m27.5x20x0.9x
Mon, 14 Oct 2024UK£6.0bUK£7.3bUK£309.9m26.2x19.5x0.8x
Wed, 11 Sep 2024UK£5.8bUK£7.1bUK£329.4m14.8x17.7x0.8x
Fri, 09 Aug 2024UK£6.0bUK£7.2bUK£330.6m14.5x18.2x0.8x
Sun, 07 Jul 2024UK£6.1bUK£7.3bUK£351.8m13.1x17.3x0.8x
Tue, 04 Jun 2024UK£5.9bUK£7.3bUK£355.3m12.5x16.5x0.8x
Thu, 02 May 2024UK£5.6bUK£7.3bUK£356.1m12.1x15.9x0.8x
Sat, 30 Mar 2024UK£5.7bUK£7.3bUK£355.9m12.5x16x0.8x
Mon, 26 Feb 2024UK£5.7bUK£7.4bUK£435.3m9.7x13.1x0.8x
Wed, 24 Jan 2024UK£6.6bUK£8.8bUK£548.0m10.3x12.1x0.8x
Fri, 22 Dec 2023UK£6.3bUK£8.9bUK£549.7m9.8x11.5x0.7x
Sun, 19 Nov 2023UK£5.7bUK£8.9bUK£550.7m9.3x10.4x0.6x
Tue, 17 Oct 2023UK£39.2bUK£36.6bUK£2.9b9.4x13.4x1.1x
Thu, 14 Sep 2023UK£36.2bUK£36.0bUK£2.9b10.1x12.6x1x
Sat, 12 Aug 2023UK£38.7bUK£34.6bUK£2.6b10.4x14.6x1.1x
Mon, 10 Jul 2023UK£35.9bUK£34.1bUK£2.7b9.6x13.4x1.1x
Wed, 07 Jun 2023UK£34.2bUK£35.0bUK£2.7b9.9x12.5x1x
Fri, 05 May 2023UK£33.1bUK£33.3bUK£2.6b10.1x12.7x1x
Sun, 02 Apr 2023UK£35.1bUK£33.9bUK£2.7b10x13.3x1x
Price to Earnings Ratio

13.3x


Total Market Cap: UK£35.1bTotal Earnings: UK£2.7bTotal Revenue: UK£33.9bTotal 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 0.84x.
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 Market-4.25%
Materials-3.44%
Basic Materials-2.32%
Construction Materials-2.32%
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£1.228.0%
+UK£99.9m		30.2%PE17x
RHIM RHI MagnesitaUK£24.700.6%
+UK£7.1m		-24.7%PE15.7x
MSLH MarshallsUK£1.481.5%
+UK£5.6m		-40.0%PE25.9x
IBST IbstockUK£1.051.3%
+UK£5.5m		-39.7%PE135.3x

Latest News

MBH
UK£0.72
Michelmersh Brick Holdings
7D
-5.9%
1Y
-27.3%

Premium Brick Demand And Decarbonization Work Will Support A Stronger Long Term Outlook

Catalysts About Michelmersh Brick Holdings Michelmersh Brick Holdings manufactures premium clay bricks and prefabricated brick components across the U.K. and Belgium. What are the underlying business or industry changes driving this perspective?
BREE
UK£3.20
Breedon Group
7D
-3.4%
1Y
-31.3%
SRC
UK£1.22
SigmaRoc
7D
8.0%
1Y
30.2%

SRC: Higher Future P/E Assumptions Will Likely Support Further Share Price Upside

Analysts have adjusted their SigmaRoc price target to £1.30, with the change linked to updated assumptions for discount rate, revenue growth, profit margin and future P/E, even though the headline fair value figure remains at £1.30. Valuation Changes Fair Value: The model fair value remains unchanged at £1.30 per share.
MSLH
UK£1.48
Marshalls
7D
1.5%
1Y
-40.0%

MSLH: Future Margin Gains And New Leadership Will Support Bullish Outlook

Analysts have revised their price target for Marshalls to £2.43 from £2.89, reflecting updated views on slightly softer revenue growth assumptions, a marginally higher discount rate and a lower expected future P/E multiple, partly offset by a modest increase in projected profit margins. What's in the News The board proposes a total dividend payout of 6.7 pence per share for 2025, compared with 8.0 pence for 2024, representing a 16.3% reduction driven by weaker profitability.
IBST
UK£1.05
Ibstock
7D
1.3%
1Y
-39.7%

IBST: Macro Uncertainty And Reset Expectations Will Shape Bullish 2026 Earnings Setup

Analysts have reduced their average price target on Ibstock by about £0.06. This reflects a more cautious view on the company’s earnings potential following recent rating and target cuts tied to ongoing macro uncertainty.
FORT
UK£1.60
Forterra
7D
-2.4%
1Y
-3.3%
RHIM
UK£24.70
RHI Magnesita
7D
0.6%
1Y
-24.7%

RHIM: Future Returns Will Depend On Earnings Quality And P/E Sustainability

Analysts have nudged their price target for RHI Magnesita up by £2.00 to £38.50, citing revised assumptions for the discount rate, profitability, and future P/E expectations as the main drivers of this change. Analyst Commentary The revised £38.50 price target reflects updated assumptions on discount rates, profitability, and future P/E levels, but it does not signal a unanimous view that the risk profile is low.
STCM
UK£0.18
Steppe Cement
7D
-5.3%
1Y
16.1%