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

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies25
  • 7D1.8%
  • 3M3.9%
  • 1Y37.5%
  • YTD4.7%

Over the last 7 days, the Electronic Equipment and Components industry has risen 1.8%, driven by gains from Halma of 2.8%. This means that the industry has gained 38% over the past year. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026UK£19.4bUK£6.3bUK£331.1m16.2x58.7x3.1x
Mon, 23 Feb 2026UK£21.1bUK£6.3bUK£345.4m25.9x61.2x3.4x
Wed, 21 Jan 2026UK£19.2bUK£6.2bUK£353.8m22.4x54.2x3.1x
Fri, 19 Dec 2025UK£18.6bUK£6.2bUK£355.9m22.7x52.2x3x
Sun, 16 Nov 2025UK£21.9bUK£7.4bUK£361.9m23.6x60.6x3x
Tue, 14 Oct 2025UK£22.5bUK£7.4bUK£373.0m28.8x60.3x3x
Thu, 11 Sep 2025UK£21.6bUK£7.5bUK£419.0m28.4x51.4x2.9x
Sat, 09 Aug 2025UK£21.4bUK£7.5bUK£427.1m29.3x50.1x2.9x
Mon, 07 Jul 2025UK£21.0bUK£7.4bUK£605.9m24.7x34.7x2.8x
Wed, 04 Jun 2025UK£17.5bUK£7.3bUK£623.2m19.7x28.1x2.4x
Fri, 02 May 2025UK£16.6bUK£7.3bUK£630.1m18.1x26.4x2.3x
Sun, 30 Mar 2025UK£16.6bUK£7.4bUK£677.4m17.4x24.5x2.2x
Tue, 25 Feb 2025UK£18.7bUK£7.4bUK£721.5m20.5x26x2.5x
Thu, 23 Jan 2025UK£18.8bUK£7.4bUK£719.6m21.3x26.1x2.5x
Sat, 21 Dec 2024UK£18.2bUK£7.4bUK£718.9m21.5x25.3x2.5x
Mon, 18 Nov 2024UK£17.3bUK£7.4bUK£703.5m22.6x24.6x2.4x
Wed, 16 Oct 2024UK£17.5bUK£7.3bUK£708.1m23.2x24.7x2.4x
Fri, 13 Sep 2024UK£18.1bUK£7.3bUK£721.8m21.4x25x2.5x
Sun, 11 Aug 2024UK£18.3bUK£7.2bUK£722.6m26.1x25.3x2.5x
Tue, 09 Jul 2024UK£19.0bUK£7.4bUK£597.4m23.5x31.9x2.6x
Thu, 06 Jun 2024UK£18.5bUK£7.2bUK£579.0m26.5x32x2.6x
Sat, 04 May 2024UK£18.3bUK£7.2bUK£577.2m22.8x31.7x2.5x
Mon, 01 Apr 2024UK£18.2bUK£7.2bUK£559.9m21.7x32.6x2.5x
Wed, 28 Feb 2024UK£18.6bUK£7.2bUK£555.4m26.8x33.5x2.6x
Fri, 26 Jan 2024UK£17.3bUK£7.2bUK£571.6m22.6x30.3x2.4x
Sun, 24 Dec 2023UK£18.2bUK£7.2bUK£574.1m22.6x31.8x2.5x
Tue, 21 Nov 2023UK£16.5bUK£7.2bUK£569.7m21.1x29x2.3x
Thu, 19 Oct 2023UK£15.3bUK£7.1bUK£564.3m21.6x27.1x2.2x
Sat, 16 Sep 2023UK£17.4bUK£7.1bUK£567.5m23.8x30.7x2.5x
Mon, 14 Aug 2023UK£17.5bUK£7.0bUK£567.9m23.1x30.8x2.5x
Wed, 12 Jul 2023UK£17.8bUK£6.9bUK£536.7m25.1x33.2x2.6x
Fri, 09 Jun 2023UK£19.3bUK£6.6bUK£508.2m29.5x38.1x2.9x
Sun, 07 May 2023UK£19.2bUK£6.6bUK£507.7m27.1x37.8x2.9x
Tue, 04 Apr 2023UK£18.5bUK£6.6bUK£505.8m29.1x36.5x2.8x
Price to Earnings Ratio

36.5x


Total Market Cap: UK£18.5bTotal Earnings: UK£505.8mTotal Revenue: UK£6.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electronic Equipment and Components Industry Price to Earnings3Y Average 35.4x202420252026
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 58.7x which is higher than its 3-year average PE of 35.4x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have declined 13% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

GB Market0.41%
Tech-0.82%
Electronic Equipment and Components1.81%
Technology Distributors5.72%
Electronic Equipment and Instruments1.82%
Electronic Components1.15%
Electronic Manufacturing Services-1.57%
Industry PE
  • Investors are most optimistic about the Electronic Manufacturing Services industry which is trading above its 3-year average PE ratio of 9.9x.
    • Analysts are expecting annual earnings growth of 38.4%, which is higher than its past year's earnings growth of 7.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 72% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Electronic Equipment and Instruments industry is expected to see its earnings grow by 17% 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£37.202.8%
+UK£385.2m		41.9%PE40.5x
MIDW Midwich GroupUK£1.666.1%
+UK£9.8m		-21.2%PS0.1x
TTG TT ElectronicsUK£1.104.8%
+UK£8.9m		30.3%PS0.4x
SNX SynecticsUK£1.7512.9%
+UK£3.4m		-42.4%PE8x
SPSY Spectra SystemsUK£1.265.9%
+UK£3.4m		-42.7%PE6.1x

Latest News

SOLI
UK£1.43
Solid State
7D
-6.6%
1Y
-14.9%
SEE
UK£0.029
Seeing Machines
7D
-3.3%
1Y
27.8%
HLMA
UK£37.20
Halma
7D
2.8%
1Y
41.9%

HLMA: Slightly Higher Revenue Assumptions Will Support Premium Future P/E

Halma's analyst price target has shifted higher to £4,150 from £4,000, as analysts point to updated assumptions for slightly stronger revenue growth and valuation multiples, along with modestly adjusted profit margin expectations. Analyst Commentary Recent research presents a mixed but generally balanced view on Halma, with price targets adjusted to reflect updated assumptions on revenue growth, valuation multiples, and profit margins.
OXIG
UK£23.95
Oxford Instruments
7D
0.2%
1Y
34.2%

OXIG: Higher Price Assumptions Will Shape Future Risk Reward Balance

Analysts have raised their price target for Oxford Instruments by £4.00, citing recent Street research, including revised targets of £2,675 and above, as support for this updated view. Analyst Commentary Recent Street research around Oxford Instruments, including the revised £2,675 target and the additional £4.00 uplift cited by analysts, provides a clearer sense of how the market is thinking about valuation and execution risk.
MIDW
UK£1.66
Midwich Group
7D
6.1%
1Y
-21.2%
RSW
UK£36.60
Renishaw
7D
-1.6%
1Y
42.4%

RSW: FY2026 Guidance And Analyst Day Will Support Stronger Long Term Appeal

Analysts have modestly raised their fair value estimate for Renishaw from £40.41 to £41.69, linking the change to updated assumptions for revenue growth, profit margins, the discount rate, and future P/E expectations. What's in the News Renishaw held an Analyst/Investor Day, giving the market a chance to hear directly from management and ask detailed questions about the business and outlook (Key Developments).
LST
UK£0.013
Light Science Technologies Holdings
7D
6.3%
1Y
-61.7%
SNX
UK£1.75
Synectics
7D
12.9%
1Y
-42.4%
GHH
UK£7.52
Gooch & Housego
7D
-1.6%
1Y
62.1%

GHH: Higher Fair Value And P/E Assumptions Will Support Bullish Outlook

Analysts have lifted their price target for Gooch & Housego to £8.47 from £8.05, reflecting small tweaks to fair value assumptions, discount rate, profit margin and future P/E that modestly increase their assessed upside for the shares. Valuation Changes Fair Value: revised from £8.05 to £8.47, a small upward adjustment in the estimated share value.
TTG
UK£1.10
TT Electronics
7D
4.8%
1Y
30.3%
NWT
UK£0.95
Newmark Security
7D
-7.3%
1Y
31.0%
CPX
UK£0.0023
CAP-XX
7D
9.5%
1Y
96.6%
BIG
UK£0.83
Big Technologies
7D
-3.7%
1Y
11.0%
WPHO
UK£0.30
Windar Photonics
7D
-3.2%
1Y
-26.5%
VNET
UK£0.61
Vianet Group
7D
-3.9%
1Y
4.3%

Vianet Group (LON:VNET) Seems To Use Debt Quite Sensibly

Jan 03
Vianet Group (LON:VNET) Seems To Use Debt Quite Sensibly
SPSY
UK£1.26
Spectra Systems
7D
5.9%
1Y
-42.7%