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U.K. (FTSE) IT Industry Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies21
  • 7D3.7%
  • 3M-10.0%
  • 1Y9.1%
  • YTD-3.9%

In the last week, the IT industry is up 3.7%, with Smarter Web up 29%. In the last 12 months, the industry was up 9.1%. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026UK£7.6bUK£12.3bUK£256.2m28.1x29.8x0.6x
Sun, 08 Mar 2026UK£8.0bUK£10.7bUK£269.4m28.5x29.6x0.7x
Tue, 03 Feb 2026UK£8.8bUK£10.7bUK£267.3m24.9x33x0.8x
Thu, 01 Jan 2026UK£8.4bUK£10.7bUK£267.3m23x31.3x0.8x
Sat, 29 Nov 2025UK£8.5bUK£10.8bUK£261.9m24.2x32.5x0.8x
Mon, 27 Oct 2025UK£8.6bUK£10.8bUK£273.8m27.1x31.2x0.8x
Wed, 24 Sep 2025UK£8.1bUK£10.4bUK£261.0m25x30.9x0.8x
Fri, 22 Aug 2025UK£7.7bUK£9.5bUK£272.7m24.3x28.3x0.8x
Sun, 20 Jul 2025UK£7.9bUK£9.5bUK£334.2m19.6x23.7x0.8x
Tue, 17 Jun 2025UK£8.7bUK£9.5bUK£311.1m25.7x28.1x0.9x
Thu, 15 May 2025UK£8.8bUK£9.6bUK£327.5m19.4x26.8x0.9x
Sat, 12 Apr 2025UK£7.5bUK£9.6bUK£330.5m20.6x22.7x0.8x
Mon, 10 Mar 2025UK£8.0bUK£9.0bUK£333.4m23.8x23.9x0.9x
Wed, 05 Feb 2025UK£8.1bUK£9.0bUK£332.0m22.5x24.4x0.9x
Fri, 03 Jan 2025UK£8.1bUK£9.0bUK£335.6m25.9x24.2x0.9x
Sun, 01 Dec 2024UK£8.3bUK£9.0bUK£337.2m29.6x24.7x0.9x
Tue, 29 Oct 2024UK£8.8bUK£9.0bUK£322.5m23.9x27.4x1x
Thu, 26 Sep 2024UK£10.7bUK£9.7bUK£293.6m24.7x36.5x1.1x
Sat, 24 Aug 2024UK£11.5bUK£10.1bUK£361.0m28.1x31.9x1.1x
Mon, 22 Jul 2024UK£11.4bUK£10.2bUK£385.5m27.7x29.6x1.1x
Wed, 19 Jun 2024UK£11.8bUK£10.2bUK£381.2m28.4x31x1.2x
Fri, 17 May 2024UK£10.6bUK£10.2bUK£374.0m28.7x28.4x1x
Sun, 14 Apr 2024UK£10.2bUK£10.4bUK£355.1m28.1x28.7x1x
Tue, 12 Mar 2024UK£10.7bUK£10.8bUK£360.1m27.5x29.8x1x
Thu, 08 Feb 2024UK£11.0bUK£10.8bUK£359.3m25.9x30.7x1x
Sat, 06 Jan 2024UK£10.5bUK£12.8bUK£376.4m23.3x27.9x0.8x
Mon, 04 Dec 2023UK£10.1bUK£12.8bUK£385.2m22.7x26.3x0.8x
Wed, 01 Nov 2023UK£10.4bUK£13.4bUK£375.5m25.2x27.6x0.8x
Fri, 29 Sep 2023UK£10.9bUK£13.4bUK£373.0m26.4x29.4x0.8x
Sun, 27 Aug 2023UK£10.5bUK£12.6bUK£389.8m27.4x27.1x0.8x
Tue, 25 Jul 2023UK£11.4bUK£12.5bUK£400.3m27x28.5x0.9x
Thu, 22 Jun 2023UK£11.2bUK£12.5bUK£425.5m26.1x26.4x0.9x
Sat, 20 May 2023UK£11.6bUK£12.5bUK£420.4m26.7x27.6x0.9x
Mon, 17 Apr 2023UK£11.8bUK£12.4bUK£422.8m27x27.9x0.9x
Price to Earnings Ratio

27.9x


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 relatively neutral on the British IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio 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 Market2.47%
Tech3.36%
IT3.74%
IT Consulting3.77%
Internet Services and Infrastructure3.10%
Data Processing Services0%0
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 17.1%, 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 96% over the next 5 years.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 9.7% 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
SWC Smarter WebUK£0.3428.5%
+UK£26.2m		n/aPE72.6x
BKS Beeks Financial Cloud GroupUK£1.7813.4%
+UK£14.4m		-22.6%PE130.4x
NARF Narf IndustriesUK£0.00641.2%
+UK£3.0m		26.3%PS3.5x
MTEC Made Tech GroupUK£0.384.9%
+UK£2.6m		56.3%PE29.6x
ING IngentaUK£0.995.3%
+UK£754.9k		95.1%PE8x

Latest News

CCC
UK£30.66
Computacenter
7D
-0.4%
1Y
38.4%
CLBS
UK£0.85
Celebrus Technologies
7D
-6.6%
1Y
-61.4%
AIQ
UK£0.05
AIQ
7D
25.0%
1Y
25.0%
SCT
UK£12.10
Softcat
7D
-2.4%
1Y
-20.4%

SCT: Dividend Increases And Share Buybacks Will Drive Strong Future Returns

Analysts have trimmed their Softcat price target from £17.18 to £16.58, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News Softcat has recommended an interim ordinary dividend of 9.9 pence per share for H1 FY2026, amounting to £19.5 million, under its policy of paying one third of the previous year's total ordinary dividend as the interim payout (Key Developments).
ING
UK£0.99
Ingenta
7D
5.3%
1Y
95.1%
TIA
UK£0.33
Tialis Essential IT
7D
3.2%
1Y
-42.0%
GST
UK£0.0022
GSTechnologies
7D
-6.3%
1Y
-83.9%
SWC
UK£0.34
Smarter Web
7D
28.5%
1Y
n/a
FDM
UK£0.98
FDM Group (Holdings)
7D
-3.2%
1Y
-56.7%
BKS
UK£1.78
Beeks Financial Cloud Group
7D
13.4%
1Y
-22.6%
NCC
UK£1.15
NCC Group
7D
-3.4%
1Y
-11.1%
KNOS
UK£7.51
Kainos Group
7D
-1.3%
1Y
17.8%
MTEC
UK£0.38
Made Tech Group
7D
4.9%
1Y
56.3%
IOM
UK£0.12
iomart Group
7D
4.7%
1Y
-60.2%
NARF
UK£0.006
Narf Industries
7D
41.2%
1Y
26.3%
RCN
UK£1.16
Redcentric
7D
-0.9%
1Y
-5.9%