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

UpdatedDec 17, 2025
DataAggregated Company Financials
Companies25
  • 7D-2.0%
  • 3M7.8%
  • 1Y16.2%
  • YTD18.5%

Over the last 7 days, the Electronic Equipment and Components industry has dropped 2.0%, driven by a pullback from Halma of 2.1%. Meanwhile, Seeing Machines actually outperformed within the industry, gaining 9.5% in the last week. Over the past 12 months, the industry was up 16%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Dec 2025UK£18.6bUK£6.2bUK£356.0m22.4x52.2x3x
Fri, 14 Nov 2025UK£22.0bUK£7.4bUK£362.0m24.1x60.8x3x
Sun, 12 Oct 2025UK£22.7bUK£7.4bUK£373.0m28.7x60.8x3.1x
Tue, 09 Sep 2025UK£21.6bUK£7.5bUK£428.2m27.4x50.4x2.9x
Thu, 07 Aug 2025UK£21.1bUK£7.4bUK£602.7m25.5x35x2.8x
Sat, 05 Jul 2025UK£21.0bUK£7.4bUK£605.9m24.7x34.7x2.8x
Mon, 02 Jun 2025UK£17.5bUK£7.3bUK£621.2m19.7x28.1x2.4x
Wed, 30 Apr 2025UK£16.3bUK£7.3bUK£635.5m17.3x25.7x2.2x
Fri, 28 Mar 2025UK£16.7bUK£7.4bUK£677.2m17.6x24.7x2.3x
Sun, 23 Feb 2025UK£19.0bUK£7.4bUK£721.4m21x26.3x2.6x
Tue, 21 Jan 2025UK£18.7bUK£7.4bUK£719.6m22.1x25.9x2.5x
Thu, 19 Dec 2024UK£18.7bUK£7.4bUK£719.1m22.3x26x2.5x
Sat, 16 Nov 2024UK£17.3bUK£7.4bUK£703.5m22.6x24.6x2.4x
Mon, 14 Oct 2024UK£17.6bUK£7.3bUK£708.0m23.1x24.8x2.4x
Wed, 11 Sep 2024UK£18.0bUK£7.3bUK£721.4m18.2x24.9x2.5x
Fri, 09 Aug 2024UK£18.2bUK£7.3bUK£728.5m26x25x2.5x
Sun, 07 Jul 2024UK£19.3bUK£7.4bUK£597.4m23.4x32.3x2.6x
Tue, 04 Jun 2024UK£18.3bUK£7.2bUK£579.0m26x31.5x2.5x
Thu, 02 May 2024UK£17.7bUK£7.2bUK£559.5m22.5x31.6x2.5x
Sat, 30 Mar 2024UK£18.2bUK£7.2bUK£559.9m21.7x32.6x2.5x
Mon, 26 Feb 2024UK£18.6bUK£7.2bUK£555.4m27.1x33.5x2.6x
Wed, 24 Jan 2024UK£17.2bUK£7.2bUK£572.1m22.6x30.1x2.4x
Fri, 22 Dec 2023UK£18.4bUK£7.2bUK£574.0m22.9x32x2.5x
Sun, 19 Nov 2023UK£16.4bUK£7.2bUK£569.7m21.1x28.7x2.3x
Tue, 17 Oct 2023UK£15.6bUK£7.1bUK£566.9m22.4x27.5x2.2x
Thu, 14 Sep 2023UK£17.2bUK£7.1bUK£567.5m23.5x30.3x2.4x
Sat, 12 Aug 2023UK£17.5bUK£7.0bUK£567.9m23.1x30.8x2.5x
Mon, 10 Jul 2023UK£17.8bUK£6.9bUK£536.4m27.9x33.1x2.6x
Wed, 07 Jun 2023UK£19.6bUK£6.6bUK£508.1m29.6x38.6x3x
Fri, 05 May 2023UK£19.1bUK£6.6bUK£507.7m28.2x37.6x2.9x
Sun, 02 Apr 2023UK£18.6bUK£6.6bUK£506.0m28.9x36.7x2.8x
Tue, 28 Feb 2023UK£18.3bUK£6.3bUK£531.4m29x34.4x2.9x
Thu, 26 Jan 2023UK£17.3bUK£6.3bUK£618.8m25.4x27.9x2.7x
Sat, 24 Dec 2022UK£16.3bUK£6.3bUK£619.5m23.2x26.4x2.6x
Price to Earnings Ratio

26.4x


Total Market Cap: UK£16.3bTotal Earnings: UK£619.5mTotal Revenue: UK£6.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electronic Equipment and Components Industry Price to Earnings3Y Average 33x202320242025
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 52.2x which is higher than its 3-year average PE of 33.0x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have declined 17% 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 Market0.49%
Tech-2.03%
Electronic Equipment and Components-1.98%
Electronic Manufacturing Services6.83%
Technology Distributors4.07%
Electronic Equipment and Instruments-1.99%
Electronic Components-7.69%
Industry PE
  • Investors are most optimistic about the Electronic Manufacturing Services industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 38.8%, 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 74% 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
SEE Seeing MachinesUK£0.0519.5%
+UK£21.0m		12.9%PS5.2x
BIG Big TechnologiesUK£0.737.4%
+UK£14.5m		-47.9%PS4.3x
GHH Gooch & HousegoUK£6.266.8%
+UK£10.9m		15.5%PE48.2x
MIDW Midwich GroupUK£1.864.2%
+UK£7.7m		-34.5%PE27.6x
KETL Strix GroupUK£0.387.6%
+UK£6.2m		-18.3%PE10.7x

Latest News

RSW
UK£34.15
Renishaw
7D
-3.7%
1Y
2.1%

RSW: Margin Progress And Dividend Growth Will Underpin Balanced Medium-Term Outlook

Narrative Update on Analyst Price Target Analysts have raised their price target for Renishaw from £24.50 to £35.30 per share, reflecting greater confidence in the company's ahead-of-plan EBITA margin improvement and upgraded medium-term earnings forecasts. Analyst Commentary Recent research updates highlight a more constructive stance on Renishaw's medium term prospects, driven by faster than expected progress on profitability and upgraded earnings assumptions.
TTG
UK£1.14
TT Electronics
7D
-14.9%
1Y
8.6%
HLMA
UK£35.50
Halma
7D
-2.1%
1Y
27.6%

HLMA: Raised Price Views Will Likely Sustain Premium Multiple Amid Mixed Sentiment

The analyst price target for Halma has been nudged higher, with our updated fair value estimate rising from about £36.67 to £37.11 per share. Analysts highlight a richer future earnings multiple supported by a series of upward target revisions across the Street, despite slightly softer long term growth and margin assumptions.
GHH
UK£6.26
Gooch & Housego
7D
6.8%
1Y
15.5%
OXIG
UK£20.50
Oxford Instruments
7D
-1.4%
1Y
-3.5%

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.
QUBE
UK£0.23
Quantum Base Holdings
7D
7.1%
1Y
n/a
NWT
UK£1.07
Newmark Security
7D
-5.3%
1Y
42.0%
ONDO
UK£0.21
Ondo InsurTech
7D
-5.7%
1Y
-40.7%
SDI
UK£0.76
SDI Group
7D
2.0%
1Y
29.3%
BIG
UK£0.73
Big Technologies
7D
7.4%
1Y
-47.9%
SOLI
UK£1.58
Solid State
7D
-4.5%
1Y
21.2%
MIDW
UK£1.86
Midwich Group
7D
4.2%
1Y
-34.5%

Midwich Group (LON:MIDW) Might Be Having Difficulty Using Its Capital Effectively

Dec 03
Midwich Group (LON:MIDW) Might Be Having Difficulty Using Its Capital Effectively
SPSY
UK£1.48
Spectra Systems
7D
2.8%
1Y
-40.8%
SEE
UK£0.051
Seeing Machines
7D
9.5%
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
KETL
UK£0.38
Strix Group
7D
7.6%
1Y
-18.3%
WPHO
UK£0.41
Windar Photonics
7D
-7.9%
1Y
-18.8%