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U.K. (FTSE) Tech Sector Analysis

UpdatedApr 21, 2025
DataAggregated Company Financials
Companies125
  • 7D3.3%
  • 3M-10.4%
  • 1Y-6.9%
  • YTD-8.8%

The Tech industry is up 3.3% in the last week, with Halma up 5.0%. In the past year, the industry is down 6.8%. Earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

Has the U.K. Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 21 Apr 2025UK£45.6bUK£23.0bUK£1.3b23.2x36.1x2x
Wed, 19 Mar 2025UK£48.0bUK£23.0bUK£1.2b22.7x38.6x2.1x
Fri, 14 Feb 2025UK£52.5bUK£22.6bUK£1.2b27.2x42.4x2.3x
Sun, 12 Jan 2025UK£50.0bUK£22.6bUK£1.2b27.3x40.5x2.2x
Tue, 10 Dec 2024UK£51.7bUK£22.6bUK£1.3b28.9x41x2.3x
Thu, 07 Nov 2024UK£47.3bUK£22.4bUK£1.1b26.8x41.6x2.1x
Sat, 05 Oct 2024UK£49.4bUK£22.9bUK£1.1b26.3x44.6x2.2x
Mon, 02 Sep 2024UK£56.0bUK£23.9bUK£1.3b27.5x43.8x2.3x
Wed, 31 Jul 2024UK£56.9bUK£24.2bUK£1.2b28.3x48.6x2.4x
Fri, 28 Jun 2024UK£57.9bUK£24.3bUK£1.2b28x49.5x2.4x
Sun, 26 May 2024UK£55.4bUK£23.9bUK£1.1b30.3x52.2x2.3x
Tue, 23 Apr 2024UK£50.9bUK£24.1bUK£959.0m27.4x53x2.1x
Thu, 21 Mar 2024UK£53.2bUK£24.1bUK£873.8m29.7x60.8x2.2x
Sat, 17 Feb 2024UK£53.1bUK£24.4bUK£908.2m29x58.4x2.2x
Mon, 15 Jan 2024UK£72.9bUK£31.4bUK£947.1m26.3x77x2.3x
Wed, 13 Dec 2023UK£72.4bUK£31.4bUK£952.1m27x76x2.3x
Fri, 10 Nov 2023UK£68.8bUK£31.9bUK£1.0b25.7x68.2x2.2x
Sun, 08 Oct 2023UK£69.6bUK£31.9bUK£989.1m26.3x70.3x2.2x
Tue, 05 Sep 2023UK£71.2bUK£30.8bUK£1.0b28.7x70.2x2.3x
Thu, 03 Aug 2023UK£71.7bUK£30.8bUK£1.0b29.3x68.5x2.3x
Sat, 01 Jul 2023UK£73.9bUK£31.1bUK£1.1b29.6x69.1x2.4x
Mon, 29 May 2023UK£73.4bUK£31.0bUK£954.2m30.7x77x2.4x
Wed, 26 Apr 2023UK£73.2bUK£30.8bUK£1.3b30.9x57x2.4x
Fri, 24 Mar 2023UK£71.7bUK£31.5bUK£1.3b29.5x54.9x2.3x
Sun, 19 Feb 2023UK£100.0bUK£39.9bUK£2.8b29.9x35.5x2.5x
Tue, 17 Jan 2023UK£99.4bUK£39.8bUK£2.8b30.6x35.8x2.5x
Thu, 15 Dec 2022UK£98.6bUK£39.4bUK£2.8b29x35.9x2.5x
Sat, 12 Nov 2022UK£99.2bUK£39.3bUK£2.8b28.7x34.9x2.5x
Mon, 10 Oct 2022UK£92.6bUK£39.4bUK£2.7b29.7x33.9x2.4x
Wed, 07 Sep 2022UK£91.5bUK£37.6bUK£2.6b32x35.6x2.4x
Fri, 05 Aug 2022UK£92.0bUK£37.1bUK£2.9b32.2x32.2x2.5x
Sun, 03 Jul 2022UK£71.1bUK£34.7bUK£2.0b29.3x36x2x
Tue, 31 May 2022UK£76.8bUK£34.1bUK£1.9b31x40.7x2.3x
Thu, 28 Apr 2022UK£78.3bUK£33.8bUK£1.9b33.4x42.2x2.3x
Price to Earnings Ratio

42.2x


Total Market Cap: UK£78.3bTotal Earnings: UK£1.9bTotal Revenue: UK£33.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Tech Sector Price to Earnings3Y Average 54.9x202320242025
Current Industry PE
  • Investors are pessimistic on the British Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 36.1x which is lower than its 3-year average PE of 54.9x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 12% per year over the last three years,
  • Revenues have also declined 12% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.K. Tech sector?

GB Market3.99%
Tech3.31%
Tech Hardware4.40%
Electronic Equipment and Components4.03%
IT3.39%
Software2.96%
Communications2.08%
Semiconductors-0.90%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry which is trading above its 3-year average PE ratio of 71.0x.
    • Analysts are expecting annual earnings growth of 37.8%, which is higher than its past year's earnings decline of 20.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 100% over the next 5 years.
  • This is better than its past earnings decline of 71% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 9.1% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
HLMA HalmaUK£26.562.1%
+UK£203.9m		20.5%PE35x
SGE Sage GroupUK£11.721.1%
+UK£116.7m		2.4%PE35.1x
SCT SoftcatUK£15.841.4%
+UK£43.9m		1.5%PE25.2x
OXIG Oxford InstrumentsUK£17.284.3%
+UK£41.9m		-16.5%PE19.1x
KNOS Kainos GroupUK£7.033.8%
+UK£32.1m		-24.5%PE16.7x
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Latest News

SGE

UK£11.72

Sage Group

7D

1.1%

1Y

2.4%

Investors Met With Slowing Returns on Capital At Sage Group (LON:SGE)

Apr 21
Investors Met With Slowing Returns on Capital At Sage Group (LON:SGE)

RPI

UK£4.39

Raspberry Pi Holdings

7D

-2.1%

1Y

n/a

AWE

UK£1.16

Alphawave IP Group

7D

-4.8%

1Y

3.6%

RSW

UK£21.50

Renishaw

7D

-6.5%

1Y

-46.6%

OXIG

UK£17.28

Oxford Instruments

7D

4.3%

1Y

-16.5%

KNOS

UK£7.03

Kainos Group

7D

3.8%

1Y

-24.5%

SXS

UK£19.87

Spectris

7D

-2.8%

1Y

-38.2%

Spectris plc's (LON:SXS) Earnings Are Not Doing Enough For Some Investors

Apr 12
Spectris plc's (LON:SXS) Earnings Are Not Doing Enough For Some Investors

SCT

UK£15.84

Softcat

7D

1.4%

1Y

1.5%

Softcat (LON:SCT) Will Pay A Dividend Of £0.089

Apr 10
Softcat (LON:SCT) Will Pay A Dividend Of £0.089

GHH

UK£3.75

Gooch & Housego

7D

-6.5%

1Y

-31.6%

CER

UK£13.35

Cerillion

7D

8.5%

1Y

-9.2%

Investors Should Be Encouraged By Cerillion's (LON:CER) Returns On Capital

Apr 08
Investors Should Be Encouraged By Cerillion's (LON:CER) Returns On Capital

GBG

UK£2.57

GB Group

7D

-2.7%

1Y

-0.9%

BIG

UK£0.80

Big Technologies

7D

14.0%

1Y

-50.0%

BKS

UK£2.23

Beeks Financial Cloud Group

7D

-5.1%

1Y

23.2%

SPT

UK£1.74

Spirent Communications

7D

-2.1%

1Y

-9.2%

HLMA

UK£26.56

Halma

7D

2.1%

1Y

20.5%

BYIT

UK£4.99

Bytes Technology Group

7D

2.2%

1Y

3.2%