Header cover image

U.K. (FTSE) Tech Sector Analysis

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies132
  • 7D-0.6%
  • 3M3.2%
  • 1Y10.6%
  • YTD4.1%

Last week, the Tech industry hasn't moved much but Darktrace is up 6.1% in that time. The past year has been better, since the industry has gained 10% in that time. Looking forward, earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024UK£53.2bUK£24.3bUK£872.7m29.1x61x2.2x
Thu, 15 Feb 2024UK£52.4bUK£24.4bUK£908.1m28.8x57.7x2.1x
Sat, 13 Jan 2024UK£72.9bUK£31.4bUK£947.1m26.3x77x2.3x
Mon, 11 Dec 2023UK£71.8bUK£31.4bUK£952.1m27x75.4x2.3x
Wed, 08 Nov 2023UK£68.0bUK£31.9bUK£1.0b27.5x67.7x2.1x
Fri, 06 Oct 2023UK£68.9bUK£31.9bUK£989.1m26x69.6x2.2x
Sun, 03 Sep 2023UK£71.2bUK£30.8bUK£1.0b28.5x70.2x2.3x
Tue, 01 Aug 2023UK£73.4bUK£31.3bUK£1.1b28.9x68.1x2.3x
Thu, 29 Jun 2023UK£72.9bUK£31.2bUK£1.1b27.6x68x2.3x
Sat, 27 May 2023UK£73.4bUK£31.0bUK£971.1m30.9x75.6x2.4x
Mon, 24 Apr 2023UK£73.0bUK£30.8bUK£1.3b31.1x56.9x2.4x
Wed, 22 Mar 2023UK£71.4bUK£31.5bUK£1.3b29x54.5x2.3x
Fri, 17 Feb 2023UK£100.5bUK£39.9bUK£2.8b29.6x35.6x2.5x
Sun, 15 Jan 2023UK£99.4bUK£39.8bUK£2.8b30.4x35.8x2.5x
Tue, 13 Dec 2022UK£97.8bUK£39.4bUK£2.8b27.8x35.5x2.5x
Thu, 10 Nov 2022UK£97.7bUK£39.3bUK£2.8b28.3x34.6x2.5x
Sat, 08 Oct 2022UK£92.6bUK£39.4bUK£2.7b29.7x33.9x2.4x
Mon, 05 Sep 2022UK£91.2bUK£37.6bUK£2.6b31.8x35.4x2.4x
Wed, 03 Aug 2022UK£87.1bUK£37.1bUK£2.9b32.5x30.4x2.3x
Fri, 01 Jul 2022UK£70.8bUK£34.5bUK£2.0b29.3x35.9x2.1x
Sun, 29 May 2022UK£76.8bUK£34.1bUK£1.9b30.2x40.7x2.3x
Tue, 26 Apr 2022UK£80.9bUK£33.7bUK£1.9b31.2x43.6x2.4x
Thu, 24 Mar 2022UK£87.9bUK£33.9bUK£1.8b30.9x48.9x2.6x
Sat, 19 Feb 2022UK£87.7bUK£32.7bUK£1.6b33.8x56.2x2.7x
Mon, 17 Jan 2022UK£96.4bUK£30.9bUK£294.7m39.6x326.9x3.1x
Wed, 15 Dec 2021UK£98.6bUK£31.1bUK£249.1m39.7x395.7x3.2x
Fri, 12 Nov 2021UK£105.5bUK£31.0bUK£92.1m45x1146.3x3.4x
Sun, 10 Oct 2021UK£104.1bUK£29.2bUK£83.2m49.4x1251.1x3.6x
Tue, 07 Sep 2021UK£111.4bUK£29.0bUK£116.6m49.5x954.7x3.8x
Thu, 05 Aug 2021UK£101.3bUK£28.5bUK£170.6m47.1x593.5x3.6x
Sun, 09 May 2021UK£83.5bUK£27.5b-UK£211,504,728.3545x-394.9x3x
Price to Earnings Ratio

-145x


Total Market Cap: UK£80.2bTotal Earnings: -UK£553,205,057.35Total Revenue: UK£27.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Tech Sector Price to Earnings3Y Average 148x202220232024
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 61.0x which is lower than its 3-year average PE of 148x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • Total earnings for the Information Technology industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 4.0% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

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

GB Market0.54%
Tech-0.58%
IT0.99%
Software-0.27%
Electronic Equipment and Components-1.43%
Communications-1.48%
Tech Hardware-2.87%
Semiconductors-4.53%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 202x.
    • Analysts expect its future annual earnings growth (19.6%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Tech Hardware industry, expecting annual earnings growth of 79% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 12% 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
DARK DarktraceUK£4.636.1%
+UK£171.3m
70.2%PE34.2x
KWS Keywords StudiosUK£14.247.5%
+UK£77.7m
-47.0%PE65.9x
SCT SoftcatUK£15.721.6%
+UK£47.8m
41.5%PE27.9x
CCC ComputacenterUK£29.401.4%
+UK£45.2m
48.6%PE17.2x
TTG TT ElectronicsUK£1.563.7%
+UK£9.9m
-13.6%PS0.4x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

DARK

UK£4.63

Darktrace

7D

6.1%

1Y

70.2%

FDM

UK£3.90

FDM Group (Holdings)

7D

-4.7%

1Y

-51.1%

RSW

UK£41.54

Renishaw

7D

-1.3%

1Y

4.1%

IQG

UK£3.81

IQGeo Group

7D

3.5%

1Y

90.5%

KWS

UK£14.24

Keywords Studios

7D

7.5%

1Y

-47.0%

SGE

UK£12.21

Sage Group

7D

-0.7%

1Y

66.7%

SMRT

UK£0.88

Smartspace Software

7D

48.3%

1Y

127.3%

AWE

UK£1.72

Alphawave IP Group

7D

-4.3%

1Y

65.2%

TTG

UK£1.56

TT Electronics

7D

3.7%

1Y

-13.6%

BYIT

UK£5.25

Bytes Technology Group

7D

-8.9%

1Y

42.5%

KNOS

UK£10.37

Kainos Group

7D

-3.2%

1Y

-21.7%

BGO

UK£1.08

Bango

7D

12.5%

1Y

-52.2%