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U.K. (FTSE) Electronic Equipment and Components Industry Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies24
  • 7D1.2%
  • 3M-11.9%
  • 1Y21.0%
  • YTD10.3%

In the last week, the Electronic Equipment and Components industry is flat overall, with Big Technologies standing out by going down 3.8%. As for the the longer term, the industry is up 19% over the past 12 months. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

Has the U.K. Electronic Equipment and Components Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jul 2026UK£20.5bUK£6.4bUK£398.3m20.1x51.5x3.2x
Fri, 19 Jun 2026UK£22.0bUK£6.4bUK£395.1m19x55.6x3.4x
Sun, 17 May 2026UK£23.9bUK£6.3bUK£341.3m17x70x3.8x
Tue, 14 Apr 2026UK£21.4bUK£6.3bUK£342.0m18x62.5x3.4x
Thu, 12 Mar 2026UK£20.6bUK£6.3bUK£344.5m21.9x59.8x3.3x
Sat, 07 Feb 2026UK£19.2bUK£6.2bUK£355.1m24.9x54x3.1x
Mon, 05 Jan 2026UK£18.6bUK£6.2bUK£353.5m23.4x52.6x3x
Wed, 03 Dec 2025UK£22.7bUK£7.6bUK£413.0m26.1x55x3x
Fri, 31 Oct 2025UK£22.8bUK£7.4bUK£379.4m24.2x60.1x3.1x
Sun, 28 Sep 2025UK£22.0bUK£7.4bUK£402.2m29.9x54.7x3x
Tue, 26 Aug 2025UK£21.4bUK£7.5bUK£427.3m27.6x50.1x2.9x
Thu, 24 Jul 2025UK£21.2bUK£7.4bUK£602.4m29.4x35.2x2.8x
Sat, 21 Jun 2025UK£19.8bUK£7.4bUK£606.4m23x32.6x2.7x
Mon, 19 May 2025UK£18.1bUK£7.3bUK£631.4m20.1x28.6x2.5x
Wed, 16 Apr 2025UK£16.1bUK£7.3bUK£635.3m16.4x25.3x2.2x
Fri, 14 Mar 2025UK£17.3bUK£7.4bUK£681.6m19.3x25.4x2.3x
Sun, 09 Feb 2025UK£19.2bUK£7.4bUK£719.4m19.8x26.6x2.6x
Tue, 07 Jan 2025UK£18.3bUK£7.4bUK£720.0m21.7x25.4x2.5x
Thu, 05 Dec 2024UK£18.3bUK£7.5bUK£723.1m22.5x25.3x2.5x
Sat, 02 Nov 2024UK£17.3bUK£7.3bUK£706.5m24.5x24.5x2.4x
Mon, 30 Sep 2024UK£18.6bUK£7.3bUK£710.4m25x26.2x2.6x
Wed, 28 Aug 2024UK£18.4bUK£7.2bUK£723.4m25.8x25.4x2.5x
Fri, 26 Jul 2024UK£18.6bUK£7.4bUK£599.5m26.5x31.1x2.5x
Sun, 23 Jun 2024UK£19.3bUK£7.4bUK£598.0m25.2x32.3x2.6x
Tue, 21 May 2024UK£18.7bUK£7.2bUK£578.8m25.1x32.3x2.6x
Thu, 18 Apr 2024UK£17.3bUK£7.2bUK£559.6m21.7x30.9x2.4x
Sat, 16 Mar 2024UK£17.5bUK£7.1bUK£562.9m20.9x31x2.5x
Mon, 12 Feb 2024UK£17.8bUK£7.2bUK£555.3m26.3x32.1x2.5x
Wed, 10 Jan 2024UK£17.3bUK£7.2bUK£572.9m21.8x30.2x2.4x
Fri, 08 Dec 2023UK£16.9bUK£7.2bUK£576.3m21.2x29.3x2.3x
Sun, 05 Nov 2023UK£15.4bUK£7.1bUK£564.3m20.9x27.3x2.2x
Tue, 03 Oct 2023UK£16.3bUK£7.1bUK£566.8m21.5x28.7x2.3x
Thu, 31 Aug 2023UK£17.2bUK£7.1bUK£563.3m25x30.5x2.4x
Sat, 29 Jul 2023UK£18.2bUK£6.9bUK£537.1m24.1x33.9x2.6x
Price to Earnings Ratio

33.9x


Total Market Cap: UK£18.2bTotal Earnings: UK£537.1mTotal Revenue: UK£6.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electronic Equipment and Components Industry Price to Earnings3Y Average 38.3x202420252026
Current Industry PE
  • Investors are optimistic on the British Electronic industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 51.0x which is higher than its 3-year average PE of 38.2x.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have declined 9.5% per year over the last three years,
  • Revenues have also declined 2.4% 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 industry?

GB Market0.56%
Tech0.26%
Electronic Equipment and Components1.19%
Electronic Manufacturing Services42.11%
Technology Distributors10.88%
Electronic Equipment and Instruments0.67%
Electronic Components-0.66%
Industry PE
  • Investors are most optimistic about the Electronic Manufacturing Services industry which is trading above its 3-year average PE ratio of 27.5x.
    • Analysts are expecting annual earnings growth of 39.6%, which is higher than its past year's earnings decline of 24.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Manufacturing Services industry, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings decline of 24% per year.
  • In contrast, the Electronic Equipment and Instruments 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
HLMA HalmaUK£36.160.9%
+UK£120.9m		12.7%PE36.7x
GHH Gooch & HousegoUK£12.2542.1%
+UK£99.4m		98.2%PE85.1x
MIDW Midwich GroupUK£1.4511.4%
+UK£15.4m		-32.9%PS0.1x
SEE Seeing MachinesUK£0.0465.6%
+UK£11.5m		58.3%PS4.9x
RSW RenishawUK£48.680.3%
+UK£10.2m		65.9%PE47.8x

Latest News

MIDW
UK£1.45
Midwich Group
7D
11.4%
1Y
-32.9%
GHH
UK£12.25
Gooch & Housego
7D
42.1%
1Y
98.2%
SEE
UK£0.046
Seeing Machines
7D
5.6%
1Y
58.3%
Narrative Update • Jul 17

SEE: Expanded Auto Contracts Will Support Higher Future Pricing

Seeing Machines' analyst price target has been revised from £0.04 to £0.06, with analysts pointing to updated assumptions for higher revenue growth, a slightly lower discount rate, a different profit margin outlook and a higher future P/E multiple as the key drivers of this change. What's in the News for Seeing Machines Seeing Machines announced a significant expansion of an existing Automotive production program with a major European OEM, adding an estimated US$31 million of value and extending deployment of its Driver and Occupant Monitoring System (DMS/OMS) technology across additional vehicle models in China, the United States and Europe.
SDI
UK£0.88
SDI Group
7D
-1.1%
1Y
-5.4%
OXIG
UK£28.74
Oxford Instruments
7D
0.07%
1Y
50.0%
Narrative Update • Jul 13

OXIG: Richer P/E Expectations Will Drive Future Downside Risk

The analyst fair value estimate for Oxford Instruments has been raised from £23.00 to £25.90, reflecting higher Street price targets around £3,000 to £3,500 and analyst views that the company’s growth profile can support a richer P/E multiple, despite some mixed opinions on valuation after the recent rally. Analyst Commentary Recent research on Oxford Instruments points to generally supportive sentiment around the growth profile and earnings visibility, but there are also some clear pockets of caution.
KETL
UK£0.34
Strix Group
7D
-3.4%
1Y
-21.4%
RSW
UK£48.68
Renishaw
7D
0.3%
1Y
65.9%
Narrative Update • Jul 06

RSW: Higher Discount Rate Will Likely Restrain Returns Despite Guidance

Renishaw's analyst price target has shifted to £27.79 from £34.00, with analysts pointing to updated views on discount rates, revenue growth, profit margin and future P/E assumptions, supported by recent Street research such as the latest target increase reported from Deutsche Bank. What’s in the News for Renishaw Renishaw reaffirmed earnings guidance for 2026, indicating that full year performance is expected to remain in line with recently upgraded guidance, with revenue targeted in a range of £775 million to £805 million.
SOLI
UK£1.93
Solid State
7D
-1.3%
1Y
7.8%
Analysis Article • Jul 06

Shareholders Will Be Pleased With The Quality of Solid State's (LON:SOLI) Earnings

When companies post strong earnings, the stock generally performs well, just like Solid State plc's ( LON:SOLI ) stock...
ONDO
UK£0.075
Ondo InsurTech
7D
-3.6%
1Y
-71.7%
HLMA
UK£36.16
Halma
7D
0.9%
1Y
12.7%
Narrative Update • Jul 01

HLMA: Conviction List Upgrade Will Likely Fail To Justify Rich Multiple

Halma's analyst fair value estimate has shifted from £30.50 to about £33.74, as analysts highlight the company as a high quality compounding growth stock, supported by recent price target increases from several major banks and its inclusion on a European conviction list. Analyst Commentary Recent analyst commentary on Halma has centered on the stock's quality profile, its positioning as a long term growth compounder, and how that lines up with current valuation.
BIG
UK£0.96
Big Technologies
7D
-3.8%
1Y
2.1%
TTG
UK£1.17
TT Electronics
7D
1.2%
1Y
14.0%
Narrative Update • Jun 26

TTG: Revised P/E And Margin Assumptions Will Shape Future Share Performance

Analysts have raised their price target on TT Electronics to £1.10 from £0.95, citing recent upgrades and revised P/E and margin assumptions as key drivers of the updated view. Analyst Commentary on TT Electronics Recent research around TT Electronics has focused heavily on reassessing valuation, with price targets and ratings framed around how much conviction analysts have in the company meeting their updated P/E and margin assumptions.
SNX
UK£1.95
Synectics
7D
-2.5%
1Y
-38.1%
NWT
UK£1.10
Newmark Security
7D
2.8%
1Y
37.5%
QUBE
UK£0.20
Quantum Base Holdings
7D
-4.8%
1Y
-13.0%
CPX
UK£0.0027
CAP-XX
7D
-7.0%
1Y
-19.9%