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U.K. (FTSE) Construction Materials Industry Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies8
  • 7D1.9%
  • 3M12.1%
  • 1Y-5.3%
  • YTDn/a

The Construction Materials industry is up 1.9% in the last week, with RHI Magnesita up 3.4%. In the past year, the industry is down 5.3%. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026UK£5.6bUK£7.2bUK£234.9m21.3x24x0.8x
Wed, 07 Jan 2026UK£5.3bUK£7.2bUK£234.9m21.9x22.7x0.7x
Fri, 05 Dec 2025UK£5.1bUK£7.2bUK£235.2m21.5x21.8x0.7x
Sun, 02 Nov 2025UK£4.9bUK£7.2bUK£235.5m21x21x0.7x
Tue, 30 Sep 2025UK£5.0bUK£7.2bUK£235.2m21.2x21.3x0.7x
Thu, 28 Aug 2025UK£5.1bUK£7.1bUK£211.2m25.7x24.4x0.7x
Sat, 26 Jul 2025UK£5.6bUK£7.1bUK£306.7m19.7x18.2x0.8x
Mon, 23 Jun 2025UK£5.6bUK£7.0bUK£310.8m22x18x0.8x
Wed, 21 May 2025UK£6.3bUK£6.9bUK£308.8m23.4x20.4x0.9x
Fri, 18 Apr 2025UK£5.8bUK£7.0bUK£310.9m21.2x18.5x0.8x
Sun, 16 Mar 2025UK£6.1bUK£6.7bUK£276.5m18.9x21.9x0.9x
Tue, 11 Feb 2025UK£5.9bUK£6.7bUK£293.7m30.8x20.2x0.9x
Thu, 09 Jan 2025UK£5.5bUK£6.7bUK£294.0m30.6x18.7x0.8x
Sat, 07 Dec 2024UK£6.0bUK£6.7bUK£293.1m37.7x20.5x0.9x
Mon, 04 Nov 2024UK£6.3bUK£7.3bUK£310.2m28x20.4x0.9x
Wed, 02 Oct 2024UK£6.0bUK£7.3bUK£309.2m26.6x19.4x0.8x
Fri, 30 Aug 2024UK£6.1bUK£7.1bUK£330.7m15x18.3x0.8x
Sun, 28 Jul 2024UK£6.3bUK£7.3bUK£346.8m15.1x18.2x0.9x
Tue, 25 Jun 2024UK£5.7bUK£7.3bUK£351.9m12.6x16.3x0.8x
Thu, 23 May 2024UK£6.0bUK£7.3bUK£355.2m13x16.8x0.8x
Sat, 20 Apr 2024UK£5.5bUK£7.3bUK£356.1m12.3x15.4x0.7x
Mon, 18 Mar 2024UK£5.8bUK£7.5bUK£407.9m12x14.1x0.8x
Wed, 14 Feb 2024UK£5.6bUK£7.4bUK£434.9m10.2x13x0.8x
Fri, 12 Jan 2024UK£6.4bUK£8.8bUK£548.6m10.1x11.6x0.7x
Sun, 10 Dec 2023UK£5.9bUK£8.8bUK£548.4m9x10.8x0.7x
Tue, 07 Nov 2023UK£5.5bUK£8.9bUK£549.6m9.1x10x0.6x
Thu, 05 Oct 2023UK£37.4bUK£36.9bUK£2.9b9.5x12.7x1x
Sat, 02 Sep 2023UK£38.4bUK£35.7bUK£2.9b10.4x13.5x1.1x
Mon, 31 Jul 2023UK£39.7bUK£34.3bUK£2.6b10.4x15x1.2x
Wed, 28 Jun 2023UK£35.8bUK£34.4bUK£2.7b9.6x13.3x1x
Fri, 26 May 2023UK£34.3bUK£35.2bUK£2.8b9.9x12.4x1x
Sun, 23 Apr 2023UK£34.0bUK£33.6bUK£2.6b10.2x12.9x1x
Tue, 21 Mar 2023UK£34.7bUK£33.9bUK£2.6b10.3x13.2x1x
Thu, 16 Feb 2023UK£33.8bUK£33.9bUK£2.8b11.6x11.9x1x
Price to Earnings Ratio

11.9x


Total Market Cap: UK£33.8bTotal Earnings: UK£2.8bTotal Revenue: UK£33.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Construction Materials Industry Price to Earnings3Y Average 17.1x202420252026
Current Industry PE
  • Investors are optimistic on the British Construction Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.0x which is higher than its 3-year average PE of 17.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.85x.
Past Earnings Growth
  • The earnings for companies in the Construction Materials industry have declined 56% 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 Market0.18%
Materials-0.61%
Basic Materials1.93%
Construction Materials1.93%
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£29.103.4%
+UK£44.9m		-20.7%PE33.7x
MSLH MarshallsUK£1.729.0%
+UK£35.9m		-34.5%PE18.3x
IBST IbstockUK£1.332.9%
+UK£15.0m		-22.8%PE43.1x
BREE Breedon GroupUK£3.471.0%
+UK£12.5m		-22.1%PE13.4x
MBH Michelmersh Brick HoldingsUK£0.862.4%
+UK£2.7m		-19.6%PE15x

Latest News

BREE
UK£3.47
Breedon Group
7D
1.0%
1Y
-22.1%

BREE: Future Upside Will Rely On Stable Margins And Higher P E Multiple

Analysts have nudged their price target on Breedon Group slightly higher to reflect updated assumptions around discount rates, revenue growth, profit margins and future P/E, while keeping fair value broadly in line with previous estimates. Valuation Changes Fair Value: Fair value per share is unchanged at £4.52, indicating only minimal impact from the updated inputs.
MSLH
UK£1.72
Marshalls
7D
9.0%
1Y
-34.5%

MSLH: New Permanent CEO Will Drive Transform And Grow Strategy Forward

Analysts have revised their price target on Marshalls to £1.85, based on slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E, while keeping the fair value unchanged at £1.85. What's in the News Marshalls plc appointed Simon Bourne as permanent Chief Executive Officer, effective January 19, 2026, after serving as Interim CEO from November 27, 2025 (Key Developments).
IBST
UK£1.33
Ibstock
7D
2.9%
1Y
-22.8%

IBST: Reset Expectations And Cautious Outlook Will Still Support Future Returns

Analysts have revised their fair value estimate for Ibstock to about £1.45 from roughly £1.51, reflecting updated assumptions on growth, margins and a lower Street price target backdrop. Analyst Commentary Bullish and cautious views on Ibstock have both shifted recently as price targets were reset and ratings adjusted, which feeds directly into how you might think about risk and reward around the new fair value estimate.
SRC
UK£1.44
SigmaRoc
7D
-0.3%
1Y
85.3%
RHIM
UK£29.10
RHI Magnesita
7D
3.4%
1Y
-20.7%

RHIM: Fair Value Will Persist As Earnings And Risk Assumptions Shift

Analysts now estimate RHI Magnesita's fair value at about €26.82 per share, up from roughly €24.91, citing slightly adjusted discount rate assumptions, modestly different revenue growth and margin expectations, and a revised future P/E multiple. Valuation Changes Fair Value: updated from €24.91 to €26.82 per share, representing a small uplift in the estimated intrinsic value.
FORT
UK£1.82
Forterra
7D
-0.3%
1Y
11.3%

FORT: Steady Revenue Guidance And Margins Will Support A Fair Outlook

Analysts have lifted their price target for Forterra to US$1.92, reflecting small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Forterra issued earnings guidance for the second half, indicating it expects revenues to be at similar levels to the first half (Key Developments).
MBH
UK£0.86
Michelmersh Brick Holdings
7D
2.4%
1Y
-19.6%
STCM
UK£0.21
Steppe Cement
7D
5.0%
1Y
35.5%