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

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies25
  • 7D2.0%
  • 3M17.2%
  • 1Y39.8%
  • YTD16.8%

In the last week, the Electronic Equipment and Components industry is up 2.0%, with Halma up 2.9%. During this same period, the TT Electronics underperformed, falling 6.6%. In the last 12 months, the industry was up 40%. 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, 26 Feb 2026UK£21.7bUK£6.3bUK£345.5m25.3x62.8x3.5x
Sat, 24 Jan 2026UK£19.6bUK£6.2bUK£353.9m23.3x55.3x3.1x
Mon, 22 Dec 2025UK£18.8bUK£6.2bUK£355.9m23x52.8x3x
Wed, 19 Nov 2025UK£21.7bUK£7.4bUK£361.9m23.2x59.9x2.9x
Fri, 17 Oct 2025UK£22.5bUK£7.4bUK£373.1m27.3x60.4x3x
Sun, 14 Sep 2025UK£21.6bUK£7.5bUK£427.3m26.6x50.4x2.9x
Tue, 12 Aug 2025UK£21.1bUK£7.5bUK£427.0m28.7x49.5x2.8x
Thu, 10 Jul 2025UK£21.0bUK£7.4bUK£601.0m30x34.9x2.8x
Sat, 07 Jun 2025UK£17.9bUK£7.3bUK£623.2m20.3x28.7x2.4x
Mon, 05 May 2025UK£16.9bUK£7.3bUK£630.1m18.2x26.8x2.3x
Wed, 02 Apr 2025UK£16.5bUK£7.4bUK£678.9m17.2x24.3x2.2x
Fri, 28 Feb 2025UK£18.2bUK£7.4bUK£721.5m20.2x25.2x2.4x
Sun, 26 Jan 2025UK£19.4bUK£7.4bUK£719.9m21.1x27x2.6x
Tue, 24 Dec 2024UK£18.2bUK£7.4bUK£718.8m21.4x25.3x2.4x
Thu, 21 Nov 2024UK£17.1bUK£7.4bUK£703.6m21.6x24.3x2.3x
Sat, 19 Oct 2024UK£17.5bUK£7.3bUK£708.0m24.2x24.7x2.4x
Mon, 16 Sep 2024UK£18.2bUK£7.3bUK£721.5m21.7x25.3x2.5x
Wed, 14 Aug 2024UK£18.4bUK£7.2bUK£722.8m26.4x25.5x2.5x
Fri, 12 Jul 2024UK£19.5bUK£7.4bUK£599.5m23.7x32.5x2.6x
Sun, 09 Jun 2024UK£18.5bUK£7.2bUK£578.9m25.9x31.9x2.6x
Tue, 07 May 2024UK£18.3bUK£7.2bUK£577.2m22.8x31.7x2.5x
Thu, 04 Apr 2024UK£18.0bUK£7.2bUK£559.9m21.8x32.1x2.5x
Sat, 02 Mar 2024UK£18.1bUK£7.2bUK£564.3m21.3x32x2.5x
Mon, 29 Jan 2024UK£17.5bUK£7.2bUK£571.6m22.7x30.6x2.4x
Wed, 27 Dec 2023UK£18.2bUK£7.2bUK£574.0m22.6x31.8x2.5x
Fri, 24 Nov 2023UK£16.7bUK£7.2bUK£570.1m21.1x29.3x2.3x
Sun, 22 Oct 2023UK£14.9bUK£7.1bUK£564.3m21.3x26.3x2.1x
Tue, 19 Sep 2023UK£17.2bUK£7.1bUK£567.5m23.1x30.2x2.4x
Thu, 17 Aug 2023UK£17.3bUK£7.0bUK£567.7m23.1x30.4x2.5x
Sat, 15 Jul 2023UK£18.5bUK£6.9bUK£536.7m25.2x34.5x2.7x
Mon, 12 Jun 2023UK£19.3bUK£6.6bUK£508.2m31.2x37.9x2.9x
Wed, 10 May 2023UK£19.1bUK£6.6bUK£507.7m27x37.6x2.9x
Fri, 07 Apr 2023UK£18.1bUK£6.6bUK£506.1m29.7x35.7x2.7x
Sun, 05 Mar 2023UK£18.3bUK£6.3bUK£530.8m28.4x34.6x2.9x
Price to Earnings Ratio

34.6x


Total Market Cap: UK£18.3bTotal Earnings: UK£530.8mTotal Revenue: UK£6.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electronic Equipment and Components Industry Price to Earnings3Y Average 34.7x202420252026
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 62.8x which is higher than its 3-year average PE of 34.7x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have declined 13% 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 Market1.13%
Tech0.55%
Electronic Equipment and Components1.99%
Electronic Equipment and Instruments2.14%
Electronic Manufacturing Services1.88%
Technology Distributors-1.37%
Electronic Components-2.87%
Industry PE
  • Investors are most optimistic about the Technology Distributors industry which is trading above its 3-year average PE ratio of 24.2x.
    • Analysts are expecting annual earnings growth of 10.5%, which is higher than its past year's earnings decline of 69.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 64% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Technology Distributors industry is expected to see its earnings grow by 11% 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£41.245.1%
+UK£755.2m		48.5%PE44.9x
RSW RenishawUK£43.451.4%
+UK£43.7m		51.1%PE42.6x
BIG Big TechnologiesUK£1.123.7%
+UK£11.6m		1.4%PS6.7x
SEE Seeing MachinesUK£0.0354.1%
+UK£6.7m		17.5%PS3.7x
SPSY Spectra SystemsUK£1.508.3%
+UK£5.6m		-34.5%PE7.3x

Latest News

HLMA
UK£41.24
Halma
7D
5.1%
1Y
48.5%

HLMA: Steady Earnings Assumptions Will Likely Sustain Premium Future P/E

Analysts have nudged their price target for Halma higher to £38.69 from £38.38, citing modest adjustments to revenue growth, profit margin and future P/E assumptions following recent research updates, including the latest increase from Berenberg. Analyst Commentary Bullish Takeaways Bullish analysts supporting the higher £38.69 target point to incremental tweaks in revenue and margin assumptions as enough to justify a slightly richer valuation without changing the core thesis on Halma.
SNX
UK£2.25
Synectics
7D
-3.4%
1Y
-37.5%
OXIG
UK£26.25
Oxford Instruments
7D
0.4%
1Y
37.4%

OXIG: Higher P/E Expectations Will Shape Balanced Risk Reward Outlook

The analyst price target for Oxford Instruments has been lifted by about £1 to reflect higher fair value estimates and a modestly higher assumed future P/E of roughly 23x. Analysts point to recent price target increases at £2,675 and an additional £4.00 from major banks as key support for the revision.
KETL
UK£0.48
Strix Group
7D
-2.8%
1Y
-0.5%

Controls Weakness And Debt Constraints Will Shape Future Progress Yet Leave Some Upside

Catalysts About Strix Group Strix Group designs and manufactures kettle controls, water filtration products and boiling and chilled tap systems, serving appliance brands and OEMs globally. What are the underlying business or industry changes driving this perspective?
RSW
UK£43.45
Renishaw
7D
1.4%
1Y
51.1%

RSW: New Spectroscopy Collaboration And Guidance Will Support Balanced Medium Term Outlook

Analysts have lifted their Renishaw price target from £36.91 to £40.41, reflecting updated assumptions around slightly lower revenue growth, a higher profit margin, and a modestly adjusted P/E multiple and discount rate. What's in the News Renishaw issued earnings guidance for FY2026, with expected revenue in a range of £740m to £780m, giving investors a reference point for medium term sales expectations (Corporate guidance).
SDI
UK£0.80
SDI Group
7D
-3.0%
1Y
30.3%
BIG
UK£1.12
Big Technologies
7D
3.7%
1Y
1.4%
MIDW
UK£2.12
Midwich Group
7D
-2.3%
1Y
-15.9%

Risks To Shareholder Returns Are Elevated At These Prices For Midwich Group plc (LON:MIDW)

Feb 06
Risks To Shareholder Returns Are Elevated At These Prices For Midwich Group plc (LON:MIDW)
GHH
UK£7.56
Gooch & Housego
7D
2.2%
1Y
63.3%
LST
UK£0.035
Light Science Technologies Holdings
7D
-4.1%
1Y
14.5%

Positive Sentiment Still Eludes Light Science Technologies Holdings Plc (LON:LST) Following 26% Share Price Slump

Feb 04
Positive Sentiment Still Eludes Light Science Technologies Holdings Plc (LON:LST) Following 26% Share Price Slump
SEE
UK£0.035
Seeing Machines
7D
4.1%
1Y
17.5%

Why We're Not Concerned Yet About Seeing Machines Limited's (LON:SEE) 25% Share Price Plunge

Feb 03
Why We're Not Concerned Yet About Seeing Machines Limited's (LON:SEE) 25% Share Price Plunge
SOLI
UK£1.70
Solid State
7D
3.0%
1Y
25.9%

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

Jan 21
Solid State (LON:SOLI) Has Announced A Dividend Of £0.0092
TTG
UK£1.21
TT Electronics
7D
-5.3%
1Y
43.0%
WPHO
UK£0.41
Windar Photonics
7D
-4.7%
1Y
-5.8%
ONDO
UK£0.17
Ondo InsurTech
7D
-2.6%
1Y
-50.6%
SPSY
UK£1.50
Spectra Systems
7D
8.3%
1Y
-34.5%