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

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies24
  • 7D-0.8%
  • 3M7.4%
  • 1Y41.7%
  • YTD7.8%

In the last week, the Electronic Equipment and Components industry is flat overall, with Renishaw standing out by going down 6.7%. The past year has been better, since the industry has gained 42% in that time. 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
Thu, 02 Apr 2026UK£20.0bUK£6.3bUK£341.9m16.8x58.5x3.2x
Sat, 28 Feb 2026UK£22.1bUK£6.3bUK£345.4m25.1x64x3.5x
Mon, 26 Jan 2026UK£19.6bUK£6.2bUK£353.9m23.3x55.3x3.1x
Wed, 24 Dec 2025UK£18.7bUK£6.2bUK£356.0m22.9x52.5x3x
Fri, 21 Nov 2025UK£22.8bUK£7.4bUK£361.9m23.8x62.9x3.1x
Sun, 19 Oct 2025UK£22.4bUK£7.4bUK£373.1m27.5x59.9x3x
Tue, 16 Sep 2025UK£21.7bUK£7.5bUK£426.9m26.9x50.8x2.9x
Thu, 14 Aug 2025UK£21.3bUK£7.5bUK£427.2m28.1x49.9x2.8x
Sat, 12 Jul 2025UK£21.1bUK£7.4bUK£602.2m29.8x35.1x2.8x
Mon, 09 Jun 2025UK£17.9bUK£7.3bUK£623.2m20.3x28.7x2.4x
Wed, 07 May 2025UK£16.9bUK£7.3bUK£630.2m18.4x26.8x2.3x
Fri, 04 Apr 2025UK£15.9bUK£7.4bUK£680.4m16x23.3x2.1x
Sun, 02 Mar 2025UK£18.2bUK£7.4bUK£680.8m20.2x26.8x2.5x
Tue, 28 Jan 2025UK£19.4bUK£7.4bUK£719.9m20.7x27x2.6x
Thu, 26 Dec 2024UK£18.3bUK£7.4bUK£720.1m21.6x25.4x2.5x
Sat, 23 Nov 2024UK£18.0bUK£7.5bUK£720.3m23.1x25x2.4x
Mon, 21 Oct 2024UK£17.5bUK£7.3bUK£708.0m24.2x24.7x2.4x
Wed, 18 Sep 2024UK£18.3bUK£7.3bUK£724.9m21.2x25.2x2.5x
Fri, 16 Aug 2024UK£18.6bUK£7.2bUK£722.8m24.6x25.7x2.6x
Sun, 14 Jul 2024UK£19.6bUK£7.4bUK£599.6m23.8x32.6x2.7x
Tue, 11 Jun 2024UK£18.5bUK£7.2bUK£578.9m24.9x31.9x2.6x
Thu, 09 May 2024UK£18.6bUK£7.2bUK£578.2m23x32.1x2.6x
Sat, 06 Apr 2024UK£17.7bUK£7.2bUK£559.9m21.8x31.6x2.5x
Mon, 04 Mar 2024UK£18.1bUK£7.2bUK£564.3m21.3x32x2.5x
Wed, 31 Jan 2024UK£17.5bUK£7.2bUK£571.6m22.9x30.7x2.4x
Fri, 29 Dec 2023UK£18.2bUK£7.2bUK£574.0m22.4x31.7x2.5x
Sun, 26 Nov 2023UK£16.7bUK£7.2bUK£570.1m21.2x29.3x2.3x
Tue, 24 Oct 2023UK£14.9bUK£7.1bUK£564.4m21.3x26.4x2.1x
Thu, 21 Sep 2023UK£17.0bUK£7.1bUK£567.7m22.9x30x2.4x
Sat, 19 Aug 2023UK£16.8bUK£7.1bUK£563.4m24.5x29.8x2.4x
Mon, 17 Jul 2023UK£18.5bUK£6.9bUK£536.7m25.2x34.5x2.7x
Wed, 14 Jun 2023UK£19.7bUK£6.6bUK£508.2m31.2x38.8x3x
Fri, 12 May 2023UK£19.4bUK£6.6bUK£507.6m27.2x38.2x2.9x
Sun, 09 Apr 2023UK£18.1bUK£6.6bUK£506.2m29.7x35.7x2.7x
Price to Earnings Ratio

35.7x


Total Market Cap: UK£18.1bTotal Earnings: UK£506.2mTotal Revenue: UK£6.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electronic Equipment and Components Industry Price to Earnings3Y Average 35.5x202420252026
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 58.5x which is higher than its 3-year average PE of 35.5x.
  • The 3-year average PS ratio of 2.6x 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 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 Market2.42%
Tech2.34%
Electronic Equipment and Components-0.78%
Electronic Components3.86%
Electronic Equipment and Instruments-0.78%
Electronic Manufacturing Services-1.29%
Technology Distributors-9.25%
Industry PE
  • Investors are most optimistic about the Electronic Manufacturing Services industry which is trading above its 3-year average PE ratio of 10.4x.
    • 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 46% 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£38.540.3%
+UK£37.8m		45.4%PE41.9x
TTG TT ElectronicsUK£1.188.0%
+UK£15.7m		50.1%PS0.4x
SPSY Spectra SystemsUK£1.5519.2%
+UK£12.1m		-23.3%PE5x
BIG Big TechnologiesUK£0.903.0%
+UK£7.5m		25.3%PS5.2x
SNX SynecticsUK£1.9313.2%
+UK£3.8m		-35.8%PE8.8x

Latest News

BIG
UK£0.90
Big Technologies
7D
3.0%
1Y
25.3%
SPSY
UK£1.55
Spectra Systems
7D
19.2%
1Y
-23.3%
SEE
UK£0.031
Seeing Machines
7D
-4.4%
1Y
49.0%

SEE: Future Mobility Push And 3D Cabin Tech Will Drive Repricing

Analysts have increased their fair value estimate for Seeing Machines from about £0.03 to around £0.04 per share. This change reflects updated assumptions on revenue growth, profit margins, the discount rate, and future P/E multiples.
SNX
UK£1.93
Synectics
7D
13.2%
1Y
-35.8%
GHH
UK£7.66
Gooch & Housego
7D
-1.3%
1Y
82.8%

GHH: Stable Assumptions And P/E Fine Tuning Will Support Bullish Outlook

Analysts have made a small adjustment to their price target for Gooch & Housego, keeping fair value at £8.47 while fine tuning assumptions around discount rate, revenue growth, profit margins and future P/E to reflect updated modelling rather than any clear shift in the investment case. Valuation Changes Fair Value: Maintained at £8.47, so the headline valuation output is unchanged.
HLMA
UK£38.54
Halma
7D
0.3%
1Y
45.4%

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£25.05
Oxford Instruments
7D
-0.8%
1Y
43.0%

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£1.55
Midwich Group
7D
-9.4%
1Y
-24.4%
RSW
UK£36.10
Renishaw
7D
-6.7%
1Y
42.7%

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£0.66
SDI Group
7D
-3.8%
1Y
36.9%
KETL
UK£0.37
Strix Group
7D
-0.9%
1Y
-23.1%
IGE
UK£0.015
Image Scan Holdings
7D
11.1%
1Y
-21.1%
TTG
UK£1.18
TT Electronics
7D
8.0%
1Y
50.1%
WPHO
UK£0.28
Windar Photonics
7D
-6.6%
1Y
-32.1%
VNET
UK£0.63
Vianet Group
7D
3.3%
1Y
8.6%

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

Jan 03
Vianet Group (LON:VNET) Seems To Use Debt Quite Sensibly