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U.K. (FTSE) IT Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies21
  • 7D8.5%
  • 3M2.2%
  • 1Y10.6%
  • YTD4.3%

The IT industry is up 8.5% in the last week, with Computacenter up 9.1%. During this same period, the Tialis Essential IT underperformed, falling 13%. This takes the industry's 12 month performance to a gain of 11%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the U.K. IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Apr 2026UK£8.6bUK£12.3bUK£256.1m30.2x33.6x0.7x
Sat, 21 Mar 2026UK£7.5bUK£12.4bUK£269.4m27.8x27.9x0.6x
Mon, 16 Feb 2026UK£7.4bUK£10.7bUK£267.3m23.4x27.8x0.7x
Wed, 14 Jan 2026UK£8.7bUK£10.7bUK£267.3m22.9x32.6x0.8x
Fri, 12 Dec 2025UK£8.6bUK£10.8bUK£261.7m23.2x32.9x0.8x
Sun, 09 Nov 2025UK£8.2bUK£10.8bUK£273.8m25.5x30.1x0.8x
Tue, 07 Oct 2025UK£8.5bUK£10.4bUK£266.3m27.8x31.8x0.8x
Thu, 04 Sep 2025UK£7.8bUK£9.5bUK£272.7m24.8x28.6x0.8x
Sat, 02 Aug 2025UK£7.7bUK£9.6bUK£277.1m24.4x27.7x0.8x
Mon, 30 Jun 2025UK£8.2bUK£9.5bUK£329.0m25.1x25x0.9x
Wed, 28 May 2025UK£8.6bUK£9.5bUK£311.1m25.3x27.5x0.9x
Fri, 25 Apr 2025UK£7.9bUK£9.6bUK£330.6m17x23.8x0.8x
Sun, 23 Mar 2025UK£8.3bUK£9.6bUK£330.5m20.9x25.2x0.9x
Tue, 18 Feb 2025UK£8.1bUK£9.0bUK£333.3m21.6x24.3x0.9x
Thu, 16 Jan 2025UK£7.8bUK£9.0bUK£335.5m24.5x23.3x0.9x
Sat, 14 Dec 2024UK£8.2bUK£9.0bUK£337.7m28.3x24.3x0.9x
Mon, 11 Nov 2024UK£8.5bUK£9.0bUK£324.2m28x26.1x0.9x
Wed, 09 Oct 2024UK£10.5bUK£9.7bUK£294.1m23.9x35.8x1.1x
Fri, 06 Sep 2024UK£10.9bUK£10.1bUK£360.9m26.6x30.3x1.1x
Sun, 04 Aug 2024UK£11.2bUK£10.2bUK£358.5m27.1x31.3x1.1x
Tue, 02 Jul 2024UK£11.9bUK£10.2bUK£383.0m26.6x30.9x1.2x
Thu, 30 May 2024UK£11.6bUK£10.2bUK£380.6m28.7x30.4x1.1x
Sat, 27 Apr 2024UK£9.9bUK£10.2bUK£374.8m27.7x26.3x1x
Mon, 25 Mar 2024UK£10.2bUK£10.5bUK£352.7m26.6x28.9x1x
Wed, 21 Feb 2024UK£10.8bUK£10.8bUK£359.4m24.9x30x1x
Fri, 19 Jan 2024UK£10.6bUK£12.8bUK£376.2m25.2x28.3x0.8x
Sun, 17 Dec 2023UK£10.4bUK£12.8bUK£379.5m23.5x27.4x0.8x
Tue, 14 Nov 2023UK£10.3bUK£13.4bUK£380.0m24.7x27x0.8x
Thu, 12 Oct 2023UK£10.9bUK£13.4bUK£371.5m26x29.3x0.8x
Sat, 09 Sep 2023UK£11.4bUK£12.6bUK£389.5m28x29.2x0.9x
Mon, 07 Aug 2023UK£10.9bUK£12.5bUK£404.9m26.6x27x0.9x
Wed, 05 Jul 2023UK£11.1bUK£12.5bUK£427.6m26.3x25.9x0.9x
Fri, 02 Jun 2023UK£11.3bUK£12.5bUK£424.0m26.3x26.6x0.9x
Sun, 30 Apr 2023UK£11.8bUK£12.4bUK£422.8m26.6x27.8x0.9x
Price to Earnings Ratio

27.8x


Total Market Cap: UK£11.8bTotal Earnings: UK£422.8mTotal Revenue: UK£12.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. IT Industry Price to Earnings3Y Average 28.4x202420252026
Current Industry PE
  • Investors are optimistic on the British IT industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 33.6x which is higher than its 3-year average PE of 28.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.89x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 15% 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-0.72%
Tech6.87%
IT8.52%
IT Consulting8.90%
Data Processing Services6.93%
Internet Services and Infrastructure0.18%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 25.5x.
    • Analysts are expecting annual earnings growth of 16.7%, which is higher than its past year's earnings decline of 16.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Data Processing Services industry, expecting annual earnings growth of 97% over the next 5 years.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 9.6% 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
CCC ComputacenterUK£34.509.1%
+UK£302.3m		48.3%PE23.6x
SCT SoftcatUK£13.526.0%
+UK£151.1m		-15.4%PE18.8x
KNOS Kainos GroupUK£8.857.3%
+UK£70.7m		24.4%PE33.7x
FDM FDM Group (Holdings)UK£1.2017.3%
+UK£19.3m		-45.3%PE23.1x
SWC Smarter WebUK£0.3811.3%
+UK£13.7m		n/aPE82.8x

Latest News

TPX
UK£0.42
TPXimpact Holdings
7D
26.9%
1Y
123.7%
FDM
UK£1.20
FDM Group (Holdings)
7D
17.3%
1Y
-45.3%
SCT
UK£13.52
Softcat
7D
6.0%
1Y
-15.4%

SCT: Softer Revenue Outlook Will Limit Appeal Of Dividend Returns

Analysts have reduced their Softcat price target from £14.50 to £12.10. This reflects updated views on softer revenue growth assumptions, a slightly higher discount rate, and a lower future P/E multiple, partly offset by a modestly improved profit margin outlook.
KNOS
UK£8.85
Kainos Group
7D
7.3%
1Y
24.4%
CCC
UK£34.50
Computacenter
7D
9.1%
1Y
48.3%

Computacenter plc Just Missed EPS By 12%: Here's What Analysts Think Will Happen Next

Apr 12
Computacenter plc Just Missed EPS By 12%: Here's What Analysts Think Will Happen Next
CLCO
UK£0.0019
CloudCoCo Group
7D
-9.8%
1Y
37.0%
TIA
UK£0.30
Tialis Essential IT
7D
-13.0%
1Y
-60.5%
GST
UK£0.0022
GSTechnologies
7D
-4.4%
1Y
-83.6%
SWC
UK£0.38
Smarter Web
7D
11.3%
1Y
n/a
NCC
UK£1.22
NCC Group
7D
2.0%
1Y
-10.4%
MTEC
UK£0.41
Made Tech Group
7D
-1.2%
1Y
68.4%
IOM
UK£0.16
iomart Group
7D
23.1%
1Y
-33.3%