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

UpdatedMay 04, 2026
DataAggregated Company Financials
Companies24
  • 7D3.0%
  • 3M23.3%
  • 1Y61.4%
  • YTD27.8%

In the last week, the Electronic Equipment and Components industry is up 3.0%, with Halma up 2.2%. This takes the industry's 12 month performance to a gain of 61%. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 05 May 2026UK£23.8bUK£6.3bUK£341.0m17.1x69.7x3.8x
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
Price to Earnings Ratio

38.2x


Total Market Cap: UK£19.4bTotal Earnings: UK£507.6mTotal Revenue: UK£6.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electronic Equipment and Components Industry Price to Earnings3Y Average 36.4x202420252026
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 69.7x which is higher than its 3-year average PE of 36.4x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.8x.
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-0.13%
Tech1.26%
Electronic Equipment and Components2.97%
Electronic Manufacturing Services3.45%
Electronic Equipment and Instruments3.05%
Electronic Components0.50%
Technology Distributors-2.09%
Industry PE
  • Investors are most optimistic about the Electronic Manufacturing Services industry which is trading above its 3-year average PE ratio of 14.1x.
    • Analysts are expecting annual earnings growth of 36.2%, 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 42% 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
HLMA HalmaUK£45.272.2%
+UK£373.8m		59.5%PE49.3x
RSW RenishawUK£47.566.8%
+UK£221.2m		108.1%PE46.7x
OXIG Oxford InstrumentsUK£28.963.7%
+UK£57.5m		66.6%PE102x
SEE Seeing MachinesUK£0.04226.5%
+UK£41.6m		120.7%PS4.5x
GHH Gooch & HousegoUK£9.003.4%
+UK£8.2m		119.0%PE69.7x

Latest News

RSW
UK£47.56
Renishaw
7D
6.8%
1Y
108.1%

RSW: Updated Earnings Guidance And P/E Assumptions Will Shape Longer Term Multiple

Analysts have lifted their fair value estimate for Renishaw from £47.50 to £50.00, citing updated assumptions on revenue growth, profit margins, and a slightly adjusted P/E multiple, consistent with recent Street research that includes a £2.10 increase in the bank price target. Analyst Commentary Recent Street research points to a more constructive tone around Renishaw, with bullish analysts reflecting this in higher valuation markers and refreshed assumptions in their models.
SEE
UK£0.042
Seeing Machines
7D
26.5%
1Y
120.7%
GHH
UK£9.00
Gooch & Housego
7D
3.4%
1Y
119.0%

GHH: Updated Assumptions Will Shape Balanced Outlook For Margins And Future P/E

Analysts have lifted their price target for Gooch & Housego by £0.50 to £8.97, citing updated assumptions for revenue growth, profit margins and future P/E as key drivers of the revised valuation. Valuation Changes Fair Value: updated from £8.47 to £8.97, representing a modest uplift in the central valuation estimate.
LST
UK£0.015
Light Science Technologies Holdings
7D
14.8%
1Y
-60.3%
HLMA
UK£45.27
Halma
7D
2.2%
1Y
59.5%

HLMA: Higher Assumptions And Neutral Stance Will Support Premium Future P/E

Halma's analyst price target has been adjusted from £40.00 to £41.50. Analysts link this shift to updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E.
ONDO
UK£0.037
Ondo InsurTech
7D
-9.1%
1Y
-87.4%
OXIG
UK£28.96
Oxford Instruments
7D
3.7%
1Y
66.6%

OXIG: Rebased P/E Assumptions And Margin Outlook Will Guide Future Repricing

Analysts have lifted their price target on Oxford Instruments by £2.20 to reflect updated assumptions around slightly higher profit margins, a modestly adjusted discount rate, and a lower forward P/E multiple, informed by recent Jefferies and JPMorgan research. Analyst Commentary Recent Street research on Oxford Instruments points to supportive sentiment around the shares, with bullish analysts revisiting their valuation work and adjusting price targets higher.
WPHO
UK£0.30
Windar Photonics
7D
-1.6%
1Y
-30.2%
TTG
UK£1.15
TT Electronics
7D
-3.4%
1Y
50.9%
SOLI
UK£1.70
Solid State
7D
4.3%
1Y
-10.5%
MIDW
UK£1.43
Midwich Group
7D
-1.2%
1Y
-28.1%
SPSY
UK£1.56
Spectra Systems
7D
-1.0%
1Y
-21.2%

Impressive Earnings May Not Tell The Whole Story For Spectra Systems (LON:SPSY)

Apr 06
Impressive Earnings May Not Tell The Whole Story For Spectra Systems (LON:SPSY)
BIG
UK£1.01
Big Technologies
7D
-4.3%
1Y
27.8%
SDI
UK£0.75
SDI Group
7D
-6.8%
1Y
36.4%
KETL
UK£0.40
Strix Group
7D
3.2%
1Y
-20.8%
CPX
UK£0.0022
CAP-XX
7D
-8.5%
1Y
79.2%