Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.K. (FTSE) Tech Sector Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies114
  • 7D-2.5%
  • 3M1.8%
  • 1Y1.3%
  • YTD1.9%

Over the last 7 days, the Tech industry has dropped 2.6%, driven by a pullback from Halma of 5.1%. In contrast, 1Spatial has gained 45%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Dec 2025UK£46.5bUK£22.5bUK£868.7m29.7x53.5x2.1x
Wed, 12 Nov 2025UK£50.9bUK£23.6bUK£889.9m30.4x57.2x2.2x
Fri, 10 Oct 2025UK£53.3bUK£23.5bUK£889.4m30.5x59.9x2.3x
Sun, 07 Sep 2025UK£50.8bUK£22.7bUK£1.1b29.7x48.2x2.2x
Tue, 05 Aug 2025UK£51.2bUK£22.6bUK£1.2b29.9x41.8x2.3x
Thu, 03 Jul 2025UK£51.9bUK£23.0bUK£1.2b31.8x42x2.3x
Sat, 31 May 2025UK£49.9bUK£23.0bUK£1.2b29.4x40.2x2.2x
Mon, 28 Apr 2025UK£46.4bUK£23.0bUK£1.3b23.8x36.8x2x
Wed, 26 Mar 2025UK£48.0bUK£23.0bUK£1.2b23.6x38.6x2.1x
Fri, 21 Feb 2025UK£51.9bUK£22.6bUK£1.2b25.8x41.7x2.3x
Sun, 19 Jan 2025UK£51.4bUK£22.6bUK£1.2b27.3x41.6x2.3x
Tue, 17 Dec 2024UK£51.0bUK£22.6bUK£1.3b28.9x40.6x2.3x
Thu, 14 Nov 2024UK£47.7bUK£22.4bUK£1.1b27.6x41.8x2.1x
Sat, 12 Oct 2024UK£49.0bUK£23.0bUK£1.1b26.4x44.1x2.1x
Mon, 09 Sep 2024UK£53.5bUK£23.9bUK£1.3b26.3x41.7x2.2x
Wed, 07 Aug 2024UK£54.6bUK£24.1bUK£1.3b26.6x42.8x2.3x
Fri, 05 Jul 2024UK£58.2bUK£24.3bUK£1.2b27.9x49.7x2.4x
Sun, 02 Jun 2024UK£54.3bUK£23.9bUK£1.1b29x51.3x2.3x
Tue, 30 Apr 2024UK£53.0bUK£23.9bUK£960.9m27.9x55.2x2.2x
Thu, 28 Mar 2024UK£53.4bUK£24.1bUK£875.8m28.1x60.9x2.2x
Sat, 24 Feb 2024UK£53.5bUK£24.4bUK£908.5m30.2x58.9x2.2x
Mon, 22 Jan 2024UK£72.4bUK£31.4bUK£946.2m27.1x76.6x2.3x
Wed, 20 Dec 2023UK£73.8bUK£31.4bUK£952.3m26.9x77.5x2.3x
Fri, 17 Nov 2023UK£68.7bUK£31.9bUK£1.0b27.6x67.9x2.2x
Sun, 15 Oct 2023UK£68.6bUK£32.0bUK£987.0m26.7x69.5x2.1x
Tue, 12 Sep 2023UK£72.4bUK£31.7bUK£1.1b28.6x67.7x2.3x
Thu, 10 Aug 2023UK£71.5bUK£30.8bUK£1.0b28.8x69.3x2.3x
Sat, 08 Jul 2023UK£72.2bUK£31.1bUK£1.1b28.5x67.9x2.3x
Mon, 05 Jun 2023UK£74.8bUK£30.9bUK£955.3m31.2x78.3x2.4x
Wed, 03 May 2023UK£73.6bUK£31.0bUK£1.1b30.9x67.8x2.4x
Fri, 31 Mar 2023UK£72.8bUK£31.5bUK£1.3b28.9x56.8x2.3x
Sun, 26 Feb 2023UK£97.9bUK£39.9bUK£2.7b29x35.9x2.5x
Tue, 24 Jan 2023UK£96.2bUK£39.7bUK£2.8b29.7x34.6x2.4x
Thu, 22 Dec 2022UK£95.3bUK£39.6bUK£2.7b28.4x34.8x2.4x
Price to Earnings Ratio

34.8x


Total Market Cap: UK£95.3bTotal Earnings: UK£2.7bTotal Revenue: UK£39.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Tech Sector Price to Earnings3Y Average 52.6x202320242025
Current Industry PE
  • Investors are relatively neutral on the British Information Technology 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 52.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 32% per year over the last three years,
  • Revenues have also declined 17% 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 Market-0.0071%
Tech-2.48%
Software0.36%
Communications-0.27%
IT-1.96%
Tech Hardware-2.60%
Electronic Equipment and Components-4.16%
Semiconductors-11.76%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry which is trading above its 3-year average PE ratio of 524x.
    • Analysts are expecting annual earnings growth of 44.1%, which is higher than its past year's earnings decline of 29.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 123% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 15% 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
SGE Sage GroupUK£10.720.4%
+UK£29.1m		-17.5%PE27.6x
SPA 1SpatialUK£0.6845.2%
+UK£23.5m		-2.9%PE2602.7x
SEE Seeing MachinesUK£0.0497.9%
+UK£17.2m		12.9%PS5x
MTEC Made Tech GroupUK£0.3536.5%
+UK£13.9m		57.8%PE37.1x
FTC FiltronicUK£1.434.0%
+UK£12.1m		85.7%PE22.4x

Latest News

HLMA
UK£34.72
Halma
7D
-5.1%
1Y
27.0%

Is Halma (LON:HLMA) A Risky Investment?

Dec 15
Is Halma (LON:HLMA) A Risky Investment?
SPA
UK£0.68
1Spatial
7D
45.2%
1Y
-2.9%

SPA: Upcoming Acquisition Deal Will Likely Unlock Stronger Margin Expansion Potential

Analysts have raised their price target on 1Spatial from £0.75 to £0.95, citing expectations of stronger profit margins and a more attractive future earnings multiple, despite slightly slower projected revenue growth. What's in the News VertiGIS Ltd.
RPI
UK£3.10
Raspberry Pi Holdings
7D
-4.6%
1Y
-36.7%

RPI: Cloud Endpoint Shift Will Drive Stronger Outlook Despite Margin Pressure

Narrative Update on Raspberry Pi Holdings Analysts have modestly reduced their price target on Raspberry Pi Holdings from approximately £4.41 to £3.86, citing slightly lower expected profit margins and valuation multiples that more than offset a small uplift in forecast revenue growth. What's in the News Chief Financial Officer Richard Boult plans to step down in the second half of 2026 after seven years with Raspberry Pi Holdings, with a formal search underway to manage an orderly succession and support the next phase of growth (company announcement).
NCC
UK£1.39
NCC Group
7D
-4.0%
1Y
-2.0%
CNC
UK£2.31
Concurrent Technologies
7D
5.0%
1Y
63.8%
OXIG
UK£20.50
Oxford Instruments
7D
-1.2%
1Y
-4.2%

OXIG: Share Buybacks And Margin Outlook Will Shape Balanced Future Returns

We raise our Oxford Instruments fair value estimate by approximately £1.00 per share to reflect analysts' slightly lower topline expectations but improved profitability outlook, as well as still supportive, albeit trimmed, Street price targets in the £23.00 to £25.00 range. Analyst Commentary Recent Street research on Oxford Instruments reflects a more cautious stance, with several bearish analysts trimming price targets and rebalancing their recommendations as the shares approach previously optimistic valuation ranges.
MTEC
UK£0.35
Made Tech Group
7D
36.5%
1Y
57.8%
KNOS
UK£10.60
Kainos Group
7D
-8.2%
1Y
30.7%

Kainos Group plc's (LON:KNOS) 28% Jump Shows Its Popularity With Investors

Dec 10
Kainos Group plc's (LON:KNOS) 28% Jump Shows Its Popularity With Investors
SGE
UK£10.72
Sage Group
7D
0.4%
1Y
-17.5%
GBG
UK£2.50
GB Group
7D
1.8%
1Y
-30.0%
BKS
UK£2.43
Beeks Financial Cloud Group
7D
5.4%
1Y
-18.1%
FTC
UK£1.43
Filtronic
7D
4.0%
1Y
85.7%
RSW
UK£34.25
Renishaw
7D
-4.1%
1Y
0.7%

What Is Renishaw plc's (LON:RSW) Share Price Doing?

Dec 04
What Is Renishaw plc's (LON:RSW) Share Price Doing?
SEE
UK£0.049
Seeing Machines
7D
7.9%
1Y
12.9%

Seeing Machines Limited's (LON:SEE) P/S Is Still On The Mark Following 41% Share Price Bounce

Dec 01
Seeing Machines Limited's (LON:SEE) P/S Is Still On The Mark Following 41% Share Price Bounce
CCC
UK£29.84
Computacenter
7D
-2.6%
1Y
37.6%

A Look At The Fair Value Of Computacenter plc (LON:CCC)

Nov 28
A Look At The Fair Value Of Computacenter plc (LON:CCC)
AWE
UK£1.86
Alphawave IP Group
7D
-13.4%
1Y
80.9%