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

UpdatedOct 26, 2025
DataAggregated Company Financials
Companies27
  • 7D2.4%
  • 3M8.6%
  • 1Y31.7%
  • YTD25.4%

Over the last 7 days, the Electronic Equipment and Components industry has risen 2.4%, driven by gains from Halma of 3.6%. Meanwhile, Big Technologies actually underperformed within the industry, shrinking 9.0% in the last week. This means that the industry has gained 32% over the past year. As for the next few years, earnings are expected to grow by 20% 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
Sun, 26 Oct 2025UK£22.9bUK£7.4bUK£373.0m28.6x61.4x3.1x
Tue, 23 Sep 2025UK£22.2bUK£7.5bUK£412.1m28.3x53.8x3x
Thu, 21 Aug 2025UK£21.2bUK£7.5bUK£427.2m28.3x49.7x2.8x
Sat, 19 Jul 2025UK£21.3bUK£7.4bUK£602.3m30.4x35.4x2.9x
Mon, 16 Jun 2025UK£19.5bUK£7.4bUK£606.5m22.4x32.2x2.6x
Wed, 14 May 2025UK£18.2bUK£7.3bUK£630.1m20.4x28.9x2.5x
Fri, 11 Apr 2025UK£15.5bUK£7.4bUK£677.0m15.4x22.9x2.1x
Sun, 09 Mar 2025UK£17.6bUK£7.4bUK£681.5m19.6x25.8x2.4x
Tue, 04 Feb 2025UK£20.1bUK£7.4bUK£719.4m20.5x27.9x2.7x
Thu, 02 Jan 2025UK£18.2bUK£7.4bUK£720.0m21.3x25.3x2.5x
Sat, 30 Nov 2024UK£18.0bUK£7.5bUK£720.7m22.8x25x2.4x
Mon, 28 Oct 2024UK£17.3bUK£7.3bUK£707.0m24.1x24.5x2.4x
Wed, 25 Sep 2024UK£17.9bUK£7.3bUK£712.9m22.8x25.1x2.5x
Fri, 23 Aug 2024UK£18.6bUK£7.2bUK£723.1m25.9x25.7x2.6x
Sun, 21 Jul 2024UK£19.1bUK£7.4bUK£599.5m27.2x31.8x2.6x
Tue, 18 Jun 2024UK£19.6bUK£7.4bUK£598.1m26.5x32.8x2.7x
Thu, 16 May 2024UK£18.6bUK£7.2bUK£578.8m23.2x32.2x2.6x
Sat, 13 Apr 2024UK£17.5bUK£7.2bUK£559.6m22.1x31.2x2.4x
Mon, 11 Mar 2024UK£18.1bUK£7.1bUK£563.0m21x32.1x2.5x
Wed, 07 Feb 2024UK£17.7bUK£7.2bUK£574.2m25x30.8x2.5x
Fri, 05 Jan 2024UK£17.3bUK£7.2bUK£574.0m21.6x30.2x2.4x
Sun, 03 Dec 2023UK£16.7bUK£7.2bUK£570.1m21.1x29.2x2.3x
Tue, 31 Oct 2023UK£14.7bUK£7.1bUK£564.3m20x26.1x2.1x
Thu, 28 Sep 2023UK£16.1bUK£7.1bUK£564.5m22.6x28.6x2.3x
Sat, 26 Aug 2023UK£16.9bUK£7.1bUK£563.2m24.5x30x2.4x
Mon, 24 Jul 2023UK£18.5bUK£6.9bUK£537.1m25.1x34.5x2.7x
Wed, 21 Jun 2023UK£18.7bUK£6.8bUK£533.8m30x35.1x2.7x
Fri, 19 May 2023UK£19.6bUK£6.6bUK£506.5m28.4x38.6x3x
Sun, 16 Apr 2023UK£18.7bUK£6.6bUK£507.2m28.1x36.8x2.8x
Tue, 14 Mar 2023UK£17.5bUK£6.4bUK£509.5m25.4x34.4x2.7x
Thu, 09 Feb 2023UK£18.4bUK£6.3bUK£615.6m25.1x29.9x2.9x
Sat, 07 Jan 2023UK£16.9bUK£6.3bUK£619.1m24.2x27.3x2.7x
Mon, 05 Dec 2022UK£17.8bUK£6.3bUK£624.1m24.2x28.5x2.8x
Wed, 02 Nov 2022UK£16.8bUK£6.1bUK£642.3m21.2x26.1x2.7x
Price to Earnings Ratio

26.1x


Total Market Cap: UK£16.8bTotal Earnings: UK£642.3mTotal Revenue: UK£6.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electronic Equipment and Components Industry Price to Earnings3Y Average 31.6x202320242025
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 61.4x which is higher than its 3-year average PE of 31.6x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have declined 17% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.8% per year.
  • This means that although more sales are being generated, 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 Market3.02%
Tech2.74%
Electronic Equipment and Components2.40%
Electronic Manufacturing Services5.22%
Technology Distributors2.90%
Electronic Equipment and Instruments2.44%
Electronic Components-1.90%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 30.4x.
    • Analysts are expecting annual earnings growth of 19.1%, which is higher than its past year's earnings growth of 10.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 90% over the next 5 years.
  • This is better than its past earnings decline of 91% 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£35.783.6%
+UK£468.4m		44.9%PE45.6x
OXIG Oxford InstrumentsUK£19.145.3%
+UK£54.5m		-9.1%PE41.8x
RSW RenishawUK£36.700.5%
+UK£14.5m		10.4%PE31.9x
GHH Gooch & HousegoUK£5.645.2%
+UK£7.6m		39.6%PE29.4x
MIDW Midwich GroupUK£1.883.0%
+UK£5.7m		-30.0%PE27.9x

Latest News

RSW
UK£36.70
Renishaw
7D
0.5%
1Y
10.4%
WPHO
UK£0.57
Windar Photonics
7D
10.6%
1Y
35.3%
HLMA
UK£35.78
Halma
7D
3.6%
1Y
44.9%

Strong Cash Generation Will Enable Future Investments In Niche Safety And Environmental Technologies

Halma’s analyst price target has increased by approximately £0.24 to £34.20. Analysts cite ongoing revenue growth and recently raised price targets from multiple firms to support the positive outlook.
SOLI
UK£1.50
Solid State
7D
-7.7%
1Y
-33.3%
SPSY
UK£1.48
Spectra Systems
7D
-0.3%
1Y
-41.7%
OXIG
UK£19.14
Oxford Instruments
7D
5.3%
1Y
-9.1%
MIDW
UK£1.88
Midwich Group
7D
3.0%
1Y
-30.0%
THRU
UK£0.011
Thruvision Group
7D
-19.2%
1Y
-88.9%
GHH
UK£5.64
Gooch & Housego
7D
5.2%
1Y
39.6%
BIG
UK£0.71
Big Technologies
7D
-9.0%
1Y
-46.8%
LST
UK£0.059
Light Science Technologies Holdings
7D
34.1%
1Y
122.6%
SDI
UK£0.80
SDI Group
7D
-5.7%
1Y
53.8%
SXS
UK£41.02
Spectris
7D
0.1%
1Y
60.4%

Overvaluation Will Collapse As GB Electronic Industry Faces Uncertainty

Spectris’s future P/E multiple has increased while its net profit margin has declined slightly, resulting in a marginal upward revision of the consensus analyst price target from £33.52 to £34.06. What's in the News Spectris received competing acquisition offers from Advent International and KKR, with the board ultimately recommending a revised higher cash offer from KKR at £41.75 per share, including a 28p interim dividend, and withdrawing support for Advent's offer.
KETL
UK£0.34
Strix Group
7D
-4.7%
1Y
-43.2%
ONDO
UK£0.28
Ondo InsurTech
7D
-5.9%
1Y
89.7%
MET
UK£0.008
Metir
7D
-3.0%
1Y
n/a