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

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies25
  • 7D-1.4%
  • 3M5.3%
  • 1Y36.9%
  • YTD6.1%

Over the last 7 days, the Electronic Equipment and Components industry has dropped 1.4%, driven by Halma declining 0.9%. On the other hand Light Science Technologies Holdings is actually up 8.9%. In the past year, the industry has gained 37%. As for the next few years, earnings are expected to grow by 18% 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, 25 Mar 2026UK£19.7bUK£6.3bUK£315.3m16.2x62.5x3.1x
Fri, 20 Feb 2026UK£21.1bUK£6.3bUK£345.4m25.5x61x3.4x
Sun, 18 Jan 2026UK£19.8bUK£6.2bUK£353.8m23.4x55.9x3.2x
Tue, 16 Dec 2025UK£18.5bUK£6.2bUK£355.9m22.7x52x3x
Thu, 13 Nov 2025UK£22.4bUK£7.4bUK£361.9m24.3x61.9x3x
Sat, 11 Oct 2025UK£22.7bUK£7.4bUK£373.0m28.7x60.8x3.1x
Mon, 08 Sep 2025UK£21.4bUK£7.5bUK£428.1m27.2x49.9x2.9x
Wed, 06 Aug 2025UK£21.3bUK£7.4bUK£602.7m25.3x35.3x2.9x
Fri, 04 Jul 2025UK£21.0bUK£7.4bUK£605.9m24.7x34.6x2.8x
Sun, 01 Jun 2025UK£17.5bUK£7.3bUK£621.2m19.7x28.1x2.4x
Tue, 29 Apr 2025UK£16.3bUK£7.3bUK£635.5m17.1x25.6x2.2x
Thu, 27 Mar 2025UK£16.8bUK£7.4bUK£676.0m17.4x24.8x2.3x
Sat, 22 Feb 2025UK£19.0bUK£7.4bUK£721.4m21x26.3x2.6x
Mon, 20 Jan 2025UK£18.7bUK£7.4bUK£719.4m21.7x26x2.5x
Wed, 18 Dec 2024UK£18.5bUK£7.4bUK£719.1m22.6x25.7x2.5x
Fri, 15 Nov 2024UK£17.6bUK£7.4bUK£703.6m22.3x25x2.4x
Sun, 13 Oct 2024UK£17.6bUK£7.3bUK£708.0m23.1x24.8x2.4x
Tue, 10 Sep 2024UK£18.0bUK£7.3bUK£721.4m17.8x24.9x2.5x
Thu, 08 Aug 2024UK£18.2bUK£7.3bUK£728.4m25.9x25x2.5x
Sat, 06 Jul 2024UK£19.3bUK£7.4bUK£597.4m23.4x32.3x2.6x
Mon, 03 Jun 2024UK£18.2bUK£7.2bUK£578.9m26.2x31.4x2.5x
Wed, 01 May 2024UK£17.7bUK£7.2bUK£559.7m21.8x31.6x2.5x
Fri, 29 Mar 2024UK£18.2bUK£7.2bUK£559.9m21.8x32.6x2.5x
Sun, 25 Feb 2024UK£18.6bUK£7.2bUK£555.4m27.1x33.5x2.6x
Tue, 23 Jan 2024UK£17.4bUK£7.2bUK£572.2m22.6x30.5x2.4x
Thu, 21 Dec 2023UK£18.4bUK£7.2bUK£574.0m23x32.1x2.6x
Sat, 18 Nov 2023UK£16.4bUK£7.2bUK£569.7m21.1x28.7x2.3x
Mon, 16 Oct 2023UK£15.7bUK£7.1bUK£566.8m21.2x27.6x2.2x
Wed, 13 Sep 2023UK£17.3bUK£7.1bUK£567.5m22.6x30.5x2.4x
Fri, 11 Aug 2023UK£17.6bUK£7.0bUK£567.9m23.5x31x2.5x
Sun, 09 Jul 2023UK£17.8bUK£6.9bUK£536.4m27.9x33.1x2.6x
Tue, 06 Jun 2023UK£19.5bUK£6.6bUK£507.2m29.6x38.5x3x
Thu, 04 May 2023UK£18.9bUK£6.6bUK£507.6m27.6x37.2x2.9x
Sat, 01 Apr 2023UK£18.6bUK£6.6bUK£506.0m28.9x36.7x2.8x
Price to Earnings Ratio

36.7x


Total Market Cap: UK£18.6bTotal Earnings: UK£506.0mTotal 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 62.5x 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 15% 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-4.25%
Tech-3.43%
Electronic Equipment and Components-1.39%
Technology Distributors0.077%
Electronic Equipment and Instruments-1.27%
Electronic Manufacturing Services-1.55%
Electronic Components-8.23%
Industry PE
  • Investors are most optimistic about the Electronic Manufacturing Services industry which is trading above its 3-year average PE ratio of 9.6x.
    • 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 62% 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£38.440.3%
+UK£37.8m		46.0%PE41.8x
MIDW Midwich GroupUK£1.716.2%
+UK£10.3m		-17.4%PS0.1x
SPSY Spectra SystemsUK£1.304.0%
+UK£2.4m		-39.5%PE6.3x
KETL Strix GroupUK£0.371.6%
+UK£1.2m		-25.3%PE10.2x
LST Light Science Technologies HoldingsUK£0.01321.4%
+UK£899.1k		-58.9%PE52.8x

Latest News

NAR
UK£0.29
Northamber
7D
1.7%
1Y
9.3%
MIDW
UK£1.71
Midwich Group
7D
6.2%
1Y
-17.4%
RSW
UK£38.70
Renishaw
7D
-1.9%
1Y
46.6%

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).
SDI
UK£0.69
SDI Group
7D
-2.5%
1Y
35.8%
LST
UK£0.013
Light Science Technologies Holdings
7D
21.4%
1Y
-58.9%
SNX
UK£1.70
Synectics
7D
1.5%
1Y
-44.6%
GHH
UK£7.76
Gooch & Housego
7D
-6.3%
1Y
68.0%

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.
OXIG
UK£25.25
Oxford Instruments
7D
-0.4%
1Y
36.0%

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£38.44
Halma
7D
0.3%
1Y
46.0%

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£0.37
Strix Group
7D
1.6%
1Y
-25.3%
TTG
UK£1.10
TT Electronics
7D
-3.0%
1Y
31.7%
BIG
UK£0.87
Big Technologies
7D
-2.0%
1Y
27.0%
SOLI
UK£1.43
Solid State
7D
-11.5%
1Y
-18.6%

Solid State (LON:SOLI) Has Announced A Dividend Of £0.0092

Jan 21
Solid State (LON:SOLI) Has Announced A Dividend Of £0.0092
WPHO
UK£0.30
Windar Photonics
7D
-6.2%
1Y
-29.1%
PIP
UK£0.021
PipeHawk
7D
13.9%
1Y
28.1%
SPSY
UK£1.30
Spectra Systems
7D
4.0%
1Y
-39.5%