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

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies24
  • 7D-1.2%
  • 3M21.2%
  • 1Y57.8%
  • YTD33.4%

In the last week, the Electronic Equipment and Components industry is up 4.0%, with Spectra Systems up 9.0%. During this same period, the Oxford Instruments underperformed, falling 6.6%. This takes the industry's 12 month performance to a gain of 65%. 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
Sat, 06 Jun 2026UK£24.8bUK£6.3bUK£341.7m18.4x72.5x3.9x
Mon, 04 May 2026UK£23.8bUK£6.3bUK£341.0m17.1x69.7x3.8x
Wed, 01 Apr 2026UK£19.7bUK£6.3bUK£341.9m16.2x57.5x3.1x
Fri, 27 Feb 2026UK£21.9bUK£6.3bUK£345.4m24.8x63.4x3.5x
Sun, 25 Jan 2026UK£19.6bUK£6.2bUK£353.9m23.3x55.3x3.1x
Tue, 23 Dec 2025UK£18.9bUK£6.2bUK£356.0m22.7x53x3x
Thu, 20 Nov 2025UK£21.6bUK£7.4bUK£361.9m23.2x59.7x2.9x
Sat, 18 Oct 2025UK£22.4bUK£7.4bUK£373.1m27.5x59.9x3x
Mon, 15 Sep 2025UK£21.6bUK£7.5bUK£427.3m26.6x50.4x2.9x
Wed, 13 Aug 2025UK£21.3bUK£7.5bUK£427.1m28.8x49.8x2.8x
Fri, 11 Jul 2025UK£21.1bUK£7.4bUK£602.2m29.8x35.1x2.8x
Sun, 08 Jun 2025UK£17.9bUK£7.3bUK£623.2m20.3x28.7x2.4x
Tue, 06 May 2025UK£16.9bUK£7.3bUK£630.1m18.2x26.8x2.3x
Thu, 03 Apr 2025UK£16.5bUK£7.4bUK£679.0m16.6x24.4x2.2x
Sat, 01 Mar 2025UK£18.2bUK£7.4bUK£680.8m20.2x26.7x2.5x
Mon, 27 Jan 2025UK£19.4bUK£7.4bUK£719.9m21.1x27x2.6x
Wed, 25 Dec 2024UK£18.3bUK£7.4bUK£720.0m21.5x25.4x2.5x
Fri, 22 Nov 2024UK£17.7bUK£7.4bUK£703.5m22.3x25.1x2.4x
Sun, 20 Oct 2024UK£17.5bUK£7.3bUK£708.0m24.2x24.7x2.4x
Tue, 17 Sep 2024UK£18.2bUK£7.3bUK£724.9m21.2x25.1x2.5x
Thu, 15 Aug 2024UK£18.4bUK£7.2bUK£722.7m26.3x25.4x2.5x
Sat, 13 Jul 2024UK£19.6bUK£7.4bUK£599.6m23.8x32.6x2.7x
Mon, 10 Jun 2024UK£18.5bUK£7.2bUK£578.9m25.9x31.9x2.6x
Wed, 08 May 2024UK£18.6bUK£7.2bUK£577.1m23.3x32.2x2.6x
Fri, 05 Apr 2024UK£17.9bUK£7.2bUK£559.9m21.8x32.1x2.5x
Sun, 03 Mar 2024UK£18.1bUK£7.2bUK£564.3m21.3x32x2.5x
Tue, 30 Jan 2024UK£17.4bUK£7.2bUK£571.6m22.7x30.4x2.4x
Thu, 28 Dec 2023UK£18.3bUK£7.2bUK£574.1m22.8x31.9x2.5x
Sat, 25 Nov 2023UK£16.7bUK£7.2bUK£570.1m21.2x29.3x2.3x
Mon, 23 Oct 2023UK£14.9bUK£7.1bUK£564.3m21.3x26.3x2.1x
Wed, 20 Sep 2023UK£16.9bUK£7.1bUK£567.7m22.9x29.8x2.4x
Fri, 18 Aug 2023UK£17.0bUK£7.0bUK£567.7m22.9x29.9x2.4x
Sun, 16 Jul 2023UK£18.5bUK£6.9bUK£536.7m25.2x34.5x2.7x
Tue, 13 Jun 2023UK£19.5bUK£6.6bUK£508.1m31x38.4x3x
Price to Earnings Ratio

38.4x


Total Market Cap: UK£19.5bTotal Earnings: UK£508.1mTotal Revenue: UK£6.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electronic Equipment and Components Industry Price to Earnings3Y Average 37.4x202420252026
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 75.5x which is higher than its 3-year average PE of 37.3x.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 4.1x.
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-0.73%
Tech0.36%
Electronic Equipment and Components-1.23%
Electronic Equipment and Instruments-0.99%
Technology Distributors-5.24%
Electronic Components-6.57%
Electronic Manufacturing Services-11.48%
Industry PE
  • Investors are most optimistic about the Electronic Manufacturing Services industry which is trading above its 3-year average PE ratio of 18.4x.
    • Analysts are expecting annual earnings growth of 38.8%, which is higher than its past year's earnings decline of 24.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 40% 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 18% 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
SPSY Spectra SystemsUK£2.069.0%
+UK£8.2m		3.0%PE6.6x
VNET Vianet GroupUK£0.693.8%
+UK£710.6k		-6.8%PE18.4x
IGE Image Scan HoldingsUK£0.02225.7%
+UK£615.8k		57.1%PE14.4x
MET MetirUK£0.00814.3%
+UK£443.2k		23.1%PS3.4x
SNX SynecticsUK£2.001.3%
+UK£426.0k		-38.0%PE9.2x

Latest News

KETL
UK£0.38
Strix Group
7D
-12.6%
1Y
-15.6%
Analysis Article • 4h

When Should You Buy Strix Group Plc (LON:KETL)?

Strix Group Plc ( LON:KETL ), might not be a large cap stock, but it received a lot of attention from a substantial...
IGE
UK£0.022
Image Scan Holdings
7D
25.7%
1Y
57.1%
GHH
UK£9.56
Gooch & Housego
7D
-11.5%
1Y
75.1%
Narrative Update • Jun 05

GHH: Higher Margin Outlook Will Support Stronger Future P/E Re-Rating

Analysts have lifted their price target for Gooch & Housego from £8.97 to £10.93, citing updated assumptions on discount rate, revenue growth, profit margins and future P/E as the key drivers of the new view. What's in the News No recent news stories, periodical coverage or key developments were identified for Gooch & Housego based on the sources provided.
MET
UK£0.008
Metir
7D
14.3%
1Y
23.1%
HLMA
UK£46.64
Halma
7D
-0.4%
1Y
56.6%
Narrative Update • Jun 03

HLMA: Elevated P/E Expectations Will Likely Constrain Future Share Returns

Halma's updated analyst price target has moved in line with recent Street research, with new targets of £45.00 and £41.50 cited by analysts who point to adjusted fair value, revenue growth expectations, profit margin assumptions and future P/E estimates as key drivers of their revised views. Analyst Commentary Recent Street research on Halma focuses on how current valuation lines up with analysts' expectations for execution and growth, with price targets now referenced around £45.00 and £41.50, as well as 4,500 GBp and 4,150 GBp. Bullish Takeaways Bulllish analysts citing targets such as 4,500 GBp and £45.00 point to scope for the stock to better reflect their assessed fair value, assuming Halma can deliver on revenue and margin expectations already built into their models.
OXIG
UK£30.62
Oxford Instruments
7D
-6.6%
1Y
69.5%
Narrative Update • Jun 01

OXIG: Rich P E Assumptions Will Constrain Future Risk Reward Balance

Analysts have lifted the central price target for Oxford Instruments to about £27.06 from roughly £26.08. This reflects a series of target increases to £2,900 and £3,000 that are supported by views on valuation, modestly stronger margin assumptions and a slightly higher future P/E, even as they factor in softer revenue growth and a higher discount rate.
SOLI
UK£1.80
Solid State
7D
-12.2%
1Y
-7.7%
MIDW
UK£1.38
Midwich Group
7D
-5.5%
1Y
-33.1%
SPSY
UK£2.06
Spectra Systems
7D
9.0%
1Y
3.0%
NWT
UK£1.15
Newmark Security
7D
2.2%
1Y
58.6%
RSW
UK£52.30
Renishaw
7D
-1.3%
1Y
98.9%
Narrative Update • May 21

RSW: Higher Earnings Guidance And Margin Assumptions Will Support Future P/E Re-Rating

Analysts have lifted their fair value estimate for Renishaw from £50.00 to £60.00, citing updated assumptions around revenue growth, profit margins and future P/E multiples in recent Street research and price target revisions. Analyst Commentary Bullish Takeaways Recent Street research includes a price target uplift of 210 GBp, which supports the higher fair value range and reflects confidence in Renishaw's ability to justify a stronger valuation through its revenue and margin profile.
SEE
UK£0.046
Seeing Machines
7D
-2.3%
1Y
101.3%
Narrative Update • May 20

SEE: Cabin Monitoring Volumes Will Pressure Overvalued Shares Despite FY2026 Outlook

Analysts now set a slightly higher implied price target for Seeing Machines at £0.0433 per share versus £0.0425 previously, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Seeing Machines received a US$3.8 million purchase order for its Guardian Backup-driver Monitoring System from a North American autonomous driving company, tied to expansion of the customer's autonomous ride-hailing test fleet beyond the United States (Key Developments).
SNX
UK£2.00
Synectics
7D
1.3%
1Y
-38.0%
VNET
UK£0.69
Vianet Group
7D
3.8%
1Y
-6.8%
WPHO
UK£0.28
Windar Photonics
7D
0.9%
1Y
-41.5%
CPX
UK£0.0027
CAP-XX
7D
1.9%
1Y
65.6%