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U.K. (FTSE) Tech Sector Analysis

UpdatedJan 17, 2025
DataAggregated Company Financials
Companies126
  • 7D1.3%
  • 3M7.7%
  • 1Y3.3%
  • YTD1.0%

Over the last 7 days, the Tech industry has remained flat, although notably Raspberry Pi Holdings gained 19%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 17 Jan 2025UK£51.0bUK£22.6bUK£1.2b26.6x41.3x2.3x
Sun, 15 Dec 2024UK£51.0bUK£22.6bUK£1.3b29.1x40.6x2.3x
Tue, 12 Nov 2024UK£48.3bUK£22.4bUK£1.1b27.6x42.5x2.2x
Thu, 10 Oct 2024UK£49.3bUK£23.0bUK£1.1b26.6x44.5x2.1x
Sat, 07 Sep 2024UK£53.6bUK£23.9bUK£1.3b26.3x41.7x2.2x
Mon, 05 Aug 2024UK£55.6bUK£24.1bUK£1.3b27.2x43.6x2.3x
Wed, 03 Jul 2024UK£57.7bUK£24.3bUK£1.2b27.6x49.2x2.4x
Fri, 31 May 2024UK£54.2bUK£23.9bUK£1.1b29.2x51.2x2.3x
Sun, 28 Apr 2024UK£52.7bUK£23.9bUK£960.8m27.7x54.8x2.2x
Tue, 26 Mar 2024UK£53.2bUK£24.1bUK£872.9m29x60.9x2.2x
Thu, 22 Feb 2024UK£52.3bUK£24.4bUK£908.4m30.2x57.6x2.1x
Sat, 20 Jan 2024UK£72.4bUK£31.4bUK£946.2m27.1x76.6x2.3x
Mon, 18 Dec 2023UK£73.0bUK£31.4bUK£952.2m27.4x76.7x2.3x
Wed, 15 Nov 2023UK£68.7bUK£31.9bUK£1.0b27.1x67.8x2.2x
Fri, 13 Oct 2023UK£69.5bUK£31.9bUK£990.5m27x70.2x2.2x
Sun, 10 Sep 2023UK£72.6bUK£30.9bUK£1.1b28x68.5x2.3x
Tue, 08 Aug 2023UK£71.5bUK£30.7bUK£1.0b28.6x69.3x2.3x
Thu, 06 Jul 2023UK£73.1bUK£31.2bUK£1.1b28.6x67.8x2.3x
Sat, 03 Jun 2023UK£74.8bUK£30.9bUK£955.3m31.2x78.3x2.4x
Mon, 01 May 2023UK£73.5bUK£31.0bUK£1.1b30.9x67.7x2.4x
Wed, 29 Mar 2023UK£71.2bUK£31.5bUK£1.3b29.1x54.6x2.3x
Fri, 24 Feb 2023UK£98.0bUK£39.8bUK£2.8b28.7x34.9x2.5x
Sun, 22 Jan 2023UK£96.1bUK£39.7bUK£2.8b29.7x34.6x2.4x
Tue, 20 Dec 2022UK£95.7bUK£39.5bUK£2.7b28.4x34.9x2.4x
Thu, 17 Nov 2022UK£98.6bUK£39.3bUK£2.9b28.7x34.5x2.5x
Sat, 15 Oct 2022UK£421.7bUK£39.3bUK£2.7b28.4x155.5x10.7x
Mon, 12 Sep 2022UK£93.5bUK£38.6bUK£2.7b31.5x34.9x2.4x
Wed, 10 Aug 2022UK£89.7bUK£37.1bUK£2.6b30.8x34.4x2.4x
Fri, 08 Jul 2022UK£73.2bUK£34.7bUK£2.0b29.8x37.1x2.1x
Sun, 05 Jun 2022UK£75.7bUK£34.1bUK£1.9b30.4x40.2x2.2x
Tue, 03 May 2022UK£80.6bUK£33.8bUK£1.9b33.4x43.2x2.4x
Thu, 31 Mar 2022UK£86.9bUK£33.6bUK£1.8b32.2x48.3x2.6x
Sat, 26 Feb 2022UK£85.2bUK£32.8bUK£1.6b32.5x54.5x2.6x
Mon, 24 Jan 2022UK£94.9bUK£31.0bUK£283.7m38.5x334.4x3.1x
Price to Earnings Ratio

334.4x


Total Market Cap: UK£94.9bTotal Earnings: UK£283.7mTotal Revenue: UK£31.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Tech Sector Price to Earnings3Y Average 61.7x202320242025
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 40.7x which is lower than its 3-year average PE of 61.7x.
  • The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 63% per year over the last three years.
  • Meanwhile revenues for these companies have declined 9.9% per year.
  • This means that less sales are being generated overall, but since 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 Market0.96%
Tech1.25%
Tech Hardware18.07%
Semiconductors7.40%
Communications2.90%
Electronic Equipment and Components1.09%
IT0.68%
Software0.046%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry which is trading above its 3-year average PE ratio of 38.5x.
    • Analysts are expecting annual earnings growth of 9.9%, which is lower than the prior year's growth of 124.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 88% 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 6.2% 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
RPI Raspberry Pi HoldingsUK£6.9019.5%
+UK£217.6m		n/aPE53.3x
HLMA HalmaUK£27.681.7%
+UK£173.7m		28.0%PE36.5x
AWE Alphawave IP GroupUK£1.188.9%
+UK£72.1m		5.4%PS4.8x
SXS SpectrisUK£26.542.6%
+UK£67.2m		-25.4%PE9.6x
KNOS Kainos GroupUK£7.785.3%
+UK£48.5m		-22.2%PE18.7x
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Latest News

ALFA

UK£2.02

Alfa Financial Software Holdings

7D

-3.8%

1Y

23.2%

RPI

UK£6.90

Raspberry Pi Holdings

7D

19.5%

1Y

n/a

TRCS

UK£4.19

Tracsis

7D

-9.9%

1Y

-52.9%

CNS

UK£0.17

Corero Network Security

7D

-14.5%

1Y

100.0%

HLMA

UK£27.68

Halma

7D

1.7%

1Y

28.0%

Slowing Rates Of Return At Halma (LON:HLMA) Leave Little Room For Excitement

Jan 15
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GST

UK£0.023

GSTechnologies

7D

-24.6%

1Y

87.8%

FDM

UK£2.57

FDM Group (Holdings)

7D

-11.7%

1Y

-40.6%

FDM Group (Holdings) plc's (LON:FDM) Share Price Is Matching Sentiment Around Its Earnings

Jan 14
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CER

UK£15.30

Cerillion

7D

-8.4%

1Y

5.9%

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Jan 11
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CCC

UK£20.80

Computacenter

7D

2.2%

1Y

-25.1%

KNOS

UK£7.78

Kainos Group

7D

5.3%

1Y

-22.2%

Calculating The Intrinsic Value Of Kainos Group plc (LON:KNOS)

Jan 09
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AWE

UK£1.18

Alphawave IP Group

7D

8.9%

1Y

5.4%

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Jan 09
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TTG

UK£0.89

TT Electronics

7D

-7.5%

1Y

-40.1%

SCT

UK£14.96

Softcat

7D

0.9%

1Y

10.4%

SXS

UK£26.54

Spectris

7D

2.6%

1Y

-25.4%

SGE

UK£13.07

Sage Group

7D

0.6%

1Y

12.6%

ACSO

UK£4.92

accesso Technology Group

7D

-5.4%

1Y

-12.0%

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Dec 23
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