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

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies25
  • 7D-1.0%
  • 3M13.3%
  • 1Y41.1%
  • YTD11.6%

Over the last 7 days, the Electronic Equipment and Components industry has dropped 1.0%, driven by a pullback from Renishaw of 2.4%. Meanwhile, Seeing Machines actually outperformed within the industry, gaining 5.4% in the last week. Over the past 12 months, the industry was up 41%. 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
Fri, 13 Mar 2026UK£20.7bUK£6.3bUK£344.5m21.7x60.1x3.3x
Sun, 08 Feb 2026UK£19.2bUK£6.2bUK£355.1m24.9x54x3.1x
Tue, 06 Jan 2026UK£18.9bUK£6.2bUK£353.5m23.1x53.3x3x
Thu, 04 Dec 2025UK£22.8bUK£7.6bUK£412.9m26.3x55.1x3x
Sat, 01 Nov 2025UK£22.7bUK£7.4bUK£379.4m23.8x59.9x3.1x
Mon, 29 Sep 2025UK£22.0bUK£7.4bUK£402.2m29.9x54.7x3x
Wed, 27 Aug 2025UK£21.6bUK£7.5bUK£427.2m27.6x50.5x2.9x
Fri, 25 Jul 2025UK£21.2bUK£7.4bUK£602.4m28.3x35.2x2.9x
Sun, 22 Jun 2025UK£19.8bUK£7.4bUK£606.4m23x32.6x2.7x
Tue, 20 May 2025UK£17.8bUK£7.3bUK£631.5m19.9x28.2x2.4x
Thu, 17 Apr 2025UK£16.1bUK£7.3bUK£635.3m16.5x25.3x2.2x
Sat, 15 Mar 2025UK£17.5bUK£7.4bUK£681.5m19.6x25.7x2.4x
Mon, 10 Feb 2025UK£19.2bUK£7.4bUK£719.4m19.8x26.6x2.6x
Wed, 08 Jan 2025UK£18.5bUK£7.4bUK£720.0m21.9x25.6x2.5x
Fri, 06 Dec 2024UK£18.2bUK£7.5bUK£723.2m22.3x25.2x2.4x
Sun, 03 Nov 2024UK£17.3bUK£7.3bUK£706.5m24.5x24.5x2.4x
Tue, 01 Oct 2024UK£18.3bUK£7.3bUK£710.4m25.1x25.8x2.5x
Thu, 29 Aug 2024UK£18.4bUK£7.2bUK£723.3m25.9x25.5x2.6x
Sat, 27 Jul 2024UK£18.9bUK£7.4bUK£599.5m27.2x31.6x2.6x
Mon, 24 Jun 2024UK£19.3bUK£7.4bUK£598.0m25.2x32.3x2.6x
Wed, 22 May 2024UK£18.6bUK£7.2bUK£578.8m25.1x32.1x2.6x
Fri, 19 Apr 2024UK£17.3bUK£7.2bUK£559.6m21.8x30.9x2.4x
Sun, 17 Mar 2024UK£17.5bUK£7.1bUK£562.9m20.9x31x2.5x
Tue, 13 Feb 2024UK£17.8bUK£7.2bUK£555.3m26.3x32x2.5x
Thu, 11 Jan 2024UK£17.4bUK£7.2bUK£573.0m21.7x30.3x2.4x
Sat, 09 Dec 2023UK£17.2bUK£7.2bUK£576.3m21.5x29.8x2.4x
Mon, 06 Nov 2023UK£15.4bUK£7.1bUK£564.3m20.9x27.3x2.2x
Wed, 04 Oct 2023UK£16.1bUK£7.1bUK£566.8m22x28.3x2.3x
Fri, 01 Sep 2023UK£17.3bUK£7.1bUK£563.3m24.9x30.7x2.4x
Sun, 30 Jul 2023UK£18.2bUK£6.9bUK£537.1m24.1x33.9x2.6x
Tue, 27 Jun 2023UK£18.5bUK£6.8bUK£533.8m30.5x34.7x2.7x
Thu, 25 May 2023UK£18.6bUK£6.6bUK£505.2m28.4x36.9x2.8x
Sat, 22 Apr 2023UK£18.5bUK£6.6bUK£507.2m27.2x36.5x2.8x
Mon, 20 Mar 2023UK£17.7bUK£6.6bUK£509.6m26.2x34.7x2.7x
Price to Earnings Ratio

34.7x


Total Market Cap: UK£17.7bTotal Earnings: UK£509.6mTotal Revenue: UK£6.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electronic Equipment and Components Industry Price to Earnings3Y Average 35.1x202420252026
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 60.1x which is higher than its 3-year average PE of 35.1x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have declined 12% 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 Market-1.19%
Tech-1.58%
Electronic Equipment and Components-1.00%
Electronic Equipment and Instruments-0.82%
Electronic Manufacturing Services-1.32%
Technology Distributors-5.97%
Electronic Components-7.08%
Industry PE
  • Investors are most optimistic about the Technology Distributors industry which is trading above its 3-year average PE ratio of 24.8x.
    • Analysts are expecting annual earnings growth of 10.5%, which is higher than its past year's earnings decline of 69.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 63% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Technology Distributors industry is expected to see its earnings grow by 11% 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£38.780.4%
+UK£60.4m		43.0%PE42.2x
SEE Seeing MachinesUK£0.0345.2%
+UK£8.1m		27.4%PS3.5x
TTG TT ElectronicsUK£1.192.1%
+UK£4.3m		40.8%PS0.4x
THRU Thruvision GroupUK£0.00952.7%
+UK£111.7k		5.6%PS0.9x

Latest News

LST
UK£0.011
Light Science Technologies Holdings
7D
-65.7%
1Y
-55.8%
OXIG
UK£25.15
Oxford Instruments
7D
-1.4%
1Y
33.6%

OXIG: Higher Fair Value And Raised Broker Levels Will Support Repricing

Analysts have lifted their fair value estimate for Oxford Instruments from £27.00 to £30.00, reflecting updated assumptions around revenue growth, profit margins and a slightly higher discount rate. This follows recent price target increases from £2,675 at Deutsche Bank and a further £400 uplift highlighted in recent Street research.
HLMA
UK£38.78
Halma
7D
0.4%
1Y
43.0%

HLMA: Stable Assumptions And Lower Risk Will Support Premium Future P/E

Analysts have increased their price target on Halma by £4.50, citing updated assumptions on discount rates, profit margins and future P/E levels. Analyst Commentary Bullish Takeaways Bullish analysts link the £4.50 price target uplift to revised discount rate assumptions, suggesting they see Halma's cash flows as less risky than before, which supports a higher valuation multiple.
KETL
UK£0.36
Strix Group
7D
-23.4%
1Y
-27.9%
RSW
UK£38.80
Renishaw
7D
-1.5%
1Y
37.8%

RSW: Future Spectroscopy Collaboration Will Support Stronger Long Term Earnings Multiple

Analysts have lifted their price target on Renishaw from £43.00 to £47.50, reflecting updated assumptions on revenue growth, margins, and the future P/E they see as appropriate for the shares. What's in the News Renishaw has issued earnings guidance for FY2026, indicating expected full year revenue in a range of £740m to £780m.
MIDW
UK£1.60
Midwich Group
7D
-15.6%
1Y
-30.7%
TTG
UK£1.19
TT Electronics
7D
2.1%
1Y
40.8%
SEE
UK£0.034
Seeing Machines
7D
5.2%
1Y
27.4%

SEE: Higher Future P/E Assumptions Will Drive Repricing Over Time

Analysts have raised their price target on Seeing Machines to £0.08 from £0.06, citing updated assumptions that combine a higher fair value estimate with changes to the discount rate, revenue growth, profit margin expectations and a significantly higher future P/E multiple. Analyst Commentary Analysts updating their valuation work on Seeing Machines are focusing less on short term trading and more on how the company might execute against its longer term assumptions on growth, profitability and the multiple investors may be willing to pay for that profile.
GHH
UK£7.40
Gooch & Housego
7D
-4.1%
1Y
68.2%

GHH: New CFO Appointment Will Support Balanced Outlook At Current Fair Value

Analysts have raised their price target for Gooch & Housego to £8.05 from £7.33, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E as the main factors behind the change. What's in the News Gooch & Housego appointed James Corte as Chief Financial Officer, bringing experience across defence, industrial and telecoms sectors.
BIG
UK£0.96
Big Technologies
7D
-5.4%
1Y
-7.7%
THRU
UK£0.0095
Thruvision Group
7D
2.7%
1Y
5.6%
SPSY
UK£1.27
Spectra Systems
7D
-6.3%
1Y
-42.5%