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

UpdatedJun 03, 2026
DataAggregated Company Financials
Companies24
  • 7D3.5%
  • 3M20.0%
  • 1Y66.5%
  • YTD37.6%

The Electronic Equipment and Components industry is up 3.5% in the last week, with Halma up 4.2%. Meanwhile, Gooch & Housego actually underperformed within the industry, shrinking 11% in the last week. This takes the industry's 12 month performance to a gain of 66%. 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
Wed, 03 Jun 2026UK£25.6bUK£6.3bUK£341.8m17.7x74.8x4.1x
Fri, 01 May 2026UK£23.3bUK£6.3bUK£341.0m17.1x68.2x3.7x
Sun, 29 Mar 2026UK£19.4bUK£6.3bUK£331.1m16.2x58.7x3.1x
Tue, 24 Feb 2026UK£21.3bUK£6.3bUK£345.4m25.3x61.6x3.4x
Thu, 22 Jan 2026UK£19.7bUK£6.2bUK£353.8m22.8x55.8x3.2x
Sat, 20 Dec 2025UK£18.8bUK£6.2bUK£355.9m23x52.8x3x
Mon, 17 Nov 2025UK£21.9bUK£7.4bUK£361.9m23.6x60.6x3x
Wed, 15 Oct 2025UK£22.4bUK£7.4bUK£373.0m28.3x60x3x
Fri, 12 Sep 2025UK£21.7bUK£7.5bUK£427.3m27.1x50.8x2.9x
Sun, 10 Aug 2025UK£21.4bUK£7.5bUK£427.1m29.3x50.1x2.9x
Tue, 08 Jul 2025UK£21.1bUK£7.4bUK£605.9m24.6x34.8x2.8x
Thu, 05 Jun 2025UK£17.7bUK£7.3bUK£623.3m19.8x28.4x2.4x
Sat, 03 May 2025UK£16.9bUK£7.3bUK£630.1m18.2x26.8x2.3x
Mon, 31 Mar 2025UK£16.6bUK£7.4bUK£677.4m17.4x24.5x2.2x
Wed, 26 Feb 2025UK£18.5bUK£7.4bUK£721.5m20.2x25.6x2.5x
Fri, 24 Jan 2025UK£19.5bUK£7.4bUK£719.7m20.9x27.1x2.6x
Sun, 22 Dec 2024UK£18.2bUK£7.4bUK£718.9m21.5x25.3x2.5x
Tue, 19 Nov 2024UK£17.4bUK£7.4bUK£703.5m22.9x24.8x2.4x
Thu, 17 Oct 2024UK£17.4bUK£7.3bUK£707.9m24x24.5x2.4x
Sat, 14 Sep 2024UK£18.3bUK£7.3bUK£721.5m21.7x25.3x2.5x
Mon, 12 Aug 2024UK£18.3bUK£7.2bUK£722.6m26.1x25.3x2.5x
Wed, 10 Jul 2024UK£19.2bUK£7.4bUK£598.4m23.5x32x2.6x
Fri, 07 Jun 2024UK£18.6bUK£7.2bUK£579.0m26.5x32.1x2.6x
Sun, 05 May 2024UK£18.3bUK£7.2bUK£577.2m22.8x31.7x2.5x
Tue, 02 Apr 2024UK£18.2bUK£7.2bUK£559.9m21.7x32.6x2.5x
Thu, 29 Feb 2024UK£18.2bUK£7.2bUK£556.7m20.9x32.7x2.5x
Sat, 27 Jan 2024UK£17.5bUK£7.2bUK£571.6m22.7x30.6x2.4x
Mon, 25 Dec 2023UK£18.2bUK£7.2bUK£574.1m22.6x31.8x2.5x
Wed, 22 Nov 2023UK£16.4bUK£7.2bUK£570.1m20.4x28.8x2.3x
Fri, 20 Oct 2023UK£15.2bUK£7.1bUK£564.3m21.5x26.9x2.1x
Sun, 17 Sep 2023UK£17.5bUK£7.1bUK£567.5m24.1x30.9x2.5x
Tue, 15 Aug 2023UK£17.5bUK£7.0bUK£567.9m23.5x30.8x2.5x
Thu, 13 Jul 2023UK£18.1bUK£6.9bUK£536.7m25.7x33.8x2.6x
Sat, 10 Jun 2023UK£19.3bUK£6.6bUK£508.2m31.2x37.9x2.9x
Price to Earnings Ratio

37.9x


Total Market Cap: UK£19.3bTotal Earnings: UK£508.2mTotal Revenue: UK£6.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Electronic Equipment and Components Industry Price to Earnings3Y Average 37.3x202420252026
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 74.8x 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-0.85%
Tech3.31%
Electronic Equipment and Components3.54%
Electronic Equipment and Instruments3.78%
Electronic Components3.43%
Technology Distributors-4.99%
Electronic Manufacturing Services-11.32%
Industry PE
  • Investors are most optimistic about the Electronic Manufacturing Services industry which is trading above its 3-year average PE ratio of 18.1x.
    • 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
HLMA HalmaUK£48.004.2%
+UK£732.6m		65.2%PE52.2x
OXIG Oxford InstrumentsUK£33.026.7%
+UK£114.9m		83.4%PE116.2x
RSW RenishawUK£54.302.2%
+UK£83.7m		110.5%PE53.3x
SPSY Spectra SystemsUK£2.0110.4%
+UK£9.2m		0.5%PE6.5x
SOLI Solid StateUK£1.909.2%
+UK£9.1m		2.7%PE44.5x

Latest News

GHH
UK£9.22
Gooch & Housego
7D
-10.5%
1Y
85.5%
OXIG
UK£33.02
Oxford Instruments
7D
6.7%
1Y
83.4%
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.
TTG
UK£1.19
TT Electronics
7D
0.8%
1Y
26.6%
SOLI
UK£1.90
Solid State
7D
9.2%
1Y
2.7%
HLMA
UK£48.00
Halma
7D
4.2%
1Y
65.2%
BIG
UK£1.05
Big Technologies
7D
-2.3%
1Y
3.5%
MIDW
UK£1.37
Midwich Group
7D
-7.5%
1Y
-33.7%
SPSY
UK£2.01
Spectra Systems
7D
10.4%
1Y
0.5%
ONDO
UK£0.035
Ondo InsurTech
7D
-5.4%
1Y
-85.1%
RSW
UK£54.30
Renishaw
7D
2.2%
1Y
110.5%
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.
SDI
UK£0.84
SDI Group
7D
2.9%
1Y
18.0%
LST
UK£0.02
Light Science Technologies Holdings
7D
-14.9%
1Y
-50.0%
WPHO
UK£0.27
Windar Photonics
7D
-1.8%
1Y
-43.7%
QUBE
UK£0.23
Quantum Base Holdings
7D
-4.2%
1Y
-4.2%
KETL
UK£0.41
Strix Group
7D
-3.9%
1Y
-9.4%
CPX
UK£0.0029
CAP-XX
7D
16.3%
1Y
78.1%