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

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies18
  • 7D-6.3%
  • 3M3.8%
  • 1Y35.0%
  • YTDn/a

Over the last 7 days, the Electronic Equipment and Instruments industry has dropped 6.3%, driven by Halma declining 6.5%. Meanwhile, Thruvision Group actually outperformed within the industry, gaining 5.7% in the last week. This takes the industry's 12 month performance to a gain of 35%. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Mar 2026UK£18.7bUK£4.0bUK£396.0m16.3x47.2x4.7x
Sun, 15 Feb 2026UK£20.0bUK£4.0bUK£397.0m18.4x50.4x5x
Tue, 13 Jan 2026UK£18.6bUK£4.0bUK£404.9m17.7x45.9x4.7x
Thu, 11 Dec 2025UK£17.8bUK£4.0bUK£404.8m16.7x44x4.5x
Sat, 08 Nov 2025UK£21.1bUK£5.2bUK£421.4m21.3x50x4.1x
Mon, 06 Oct 2025UK£22.0bUK£5.2bUK£428.6m23.4x51.4x4.2x
Wed, 03 Sep 2025UK£20.4bUK£5.2bUK£460.4m26.6x44.2x3.9x
Fri, 01 Aug 2025UK£20.4bUK£5.1bUK£635.3m23.5x32x4x
Sun, 29 Jun 2025UK£20.2bUK£5.1bUK£635.1m24.4x31.7x3.9x
Tue, 27 May 2025UK£16.6bUK£5.0bUK£651.7m19.7x25.5x3.3x
Thu, 24 Apr 2025UK£15.5bUK£5.0bUK£661.8m16.7x23.4x3.1x
Sat, 22 Mar 2025UK£16.2bUK£5.0bUK£661.7m18.9x24.4x3.2x
Mon, 17 Feb 2025UK£18.5bUK£5.1bUK£700.5m22.4x26.5x3.7x
Wed, 15 Jan 2025UK£17.1bUK£5.0bUK£699.5m21.8x24.4x3.4x
Fri, 13 Dec 2024UK£17.6bUK£5.0bUK£699.1m23x25.2x3.5x
Sun, 10 Nov 2024UK£16.7bUK£4.9bUK£682.3m23.9x24.4x3.4x
Tue, 08 Oct 2024UK£16.8bUK£4.9bUK£688.4m26.5x24.4x3.5x
Thu, 05 Sep 2024UK£17.1bUK£4.8bUK£690.5m25.2x24.8x3.5x
Sat, 03 Aug 2024UK£17.2bUK£4.8bUK£687.4m26.8x25.1x3.6x
Mon, 01 Jul 2024UK£18.1bUK£4.9bUK£558.3m27.7x32.4x3.7x
Wed, 29 May 2024UK£17.2bUK£4.8bUK£536.0m27.3x32x3.6x
Fri, 26 Apr 2024UK£16.2bUK£4.8bUK£517.1m22.4x31.3x3.4x
Sun, 24 Mar 2024UK£17.0bUK£4.8bUK£518.9m22.9x32.7x3.6x
Tue, 20 Feb 2024UK£17.2bUK£4.8bUK£522.0m31.7x33x3.6x
Thu, 18 Jan 2024UK£16.0bUK£4.8bUK£544.0m23.9x29.5x3.4x
Sat, 16 Dec 2023UK£16.7bUK£4.8bUK£542.3m24.8x30.9x3.5x
Mon, 13 Nov 2023UK£14.5bUK£4.7bUK£542.0m20.1x26.8x3.1x
Wed, 11 Oct 2023UK£14.9bUK£4.7bUK£541.4m22.9x27.4x3.1x
Fri, 08 Sep 2023UK£16.0bUK£4.7bUK£538.3m25.7x29.7x3.4x
Sun, 06 Aug 2023UK£16.3bUK£4.7bUK£542.3m24.5x30.1x3.5x
Tue, 04 Jul 2023UK£17.0bUK£4.6bUK£518.6m28.8x32.8x3.7x
Thu, 01 Jun 2023UK£18.1bUK£4.3bUK£493.6m30.6x36.6x4.2x
Sat, 29 Apr 2023UK£17.5bUK£4.3bUK£494.9m31.1x35.3x4x
Mon, 27 Mar 2023UK£16.5bUK£4.3bUK£493.3m31.1x33.5x3.8x
Price to Earnings Ratio

33.5x


Total Market Cap: UK£16.5bTotal Earnings: UK£493.3mTotal Revenue: UK£4.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electronic Equipment and Instruments Industry Price to Earnings3Y Average 32.9x202420252026
Current Industry PE
  • Investors are optimistic on the British Electronic Equipment and Instruments industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 47.2x which is higher than its 3-year average PE of 32.9x.
  • The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the Electronic Equipment and Instruments industry have declined 7.1% per year over the last three years,
  • Revenues have also declined 2.7% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does U.K. Electronic Equipment and Instruments compare with similar industries?

GB Market-2.70%
Tech-3.55%
Electronic Equipment and Components-6.18%
Electronic Equipment and Instruments-6.32%
Electronic Manufacturing Services1.60%
Electronic Components-2.65%
Technology Distributors-7.45%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
LST Light Science Technologies HoldingsUK£0.0124.3%
+UK£199.8k		-58.6%PE49.7x

Latest News

RSW
UK£37.20
Renishaw
7D
-4.1%
1Y
39.6%
SDI
UK£0.64
SDI Group
7D
-15.8%
1Y
21.9%
LST
UK£0.012
Light Science Technologies Holdings
7D
4.3%
1Y
-58.6%
SEE
UK£0.03
Seeing Machines
7D
-11.6%
1Y
41.4%

SEE: Long Term Earnings Power And Cabin Sensing Platform Will Drive Repricing

Seeing Machines' analyst price target has been revised to £0.08, with analysts citing incremental tweaks to the discount rate and long-term P/E assumptions rather than any change in near-term growth or margin expectations. Analyst Commentary With the revised £0.08 price target grounded in updated discount rate and long term P/E inputs, rather than changes to growth or margin expectations, recent commentary focuses more on how to frame risk and reward for you as an investor than on any new fundamental datapoints.
SNX
UK£1.55
Synectics
7D
-7.5%
1Y
-52.3%
OXIG
UK£23.90
Oxford Instruments
7D
-5.0%
1Y
27.0%

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£36.18
Halma
7D
-6.7%
1Y
36.9%

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.
BIG
UK£0.86
Big Technologies
7D
-10.2%
1Y
34.3%
SPSY
UK£1.19
Spectra Systems
7D
-5.9%
1Y
-43.3%