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U.K. (FTSE) IT Industry Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies20
  • 7D4.5%
  • 3M1.1%
  • 1Y9.8%
  • YTD5.9%

The IT industry is up 4.5% in the last week, with FDM Group (Holdings) up 14%. This means that the industry has gained 9.8% over the past year. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 Jan 2026UK£8.7bUK£10.7bUK£267.4m24.6x32.6x0.8x
Sun, 28 Dec 2025UK£8.3bUK£10.7bUK£267.3m23x31.2x0.8x
Tue, 25 Nov 2025UK£8.4bUK£10.8bUK£267.3m24.5x31.4x0.8x
Thu, 23 Oct 2025UK£8.6bUK£10.4bUK£266.2m27.9x32.3x0.8x
Sat, 20 Sep 2025UK£7.9bUK£10.4bUK£261.0m24.6x30.4x0.8x
Mon, 18 Aug 2025UK£7.7bUK£9.5bUK£272.7m23.4x28.2x0.8x
Wed, 16 Jul 2025UK£8.0bUK£9.5bUK£331.9m21.3x24x0.8x
Fri, 13 Jun 2025UK£8.8bUK£9.5bUK£311.1m26.3x28.4x0.9x
Sun, 11 May 2025UK£8.7bUK£9.6bUK£329.2m20.1x26.4x0.9x
Tue, 08 Apr 2025UK£7.2bUK£9.6bUK£330.5m18.2x21.9x0.8x
Thu, 06 Mar 2025UK£7.8bUK£9.0bUK£333.3m23.3x23.3x0.9x
Sat, 01 Feb 2025UK£8.2bUK£9.0bUK£332.0m23.3x24.7x0.9x
Mon, 30 Dec 2024UK£8.1bUK£9.0bUK£337.2m26.2x24x0.9x
Wed, 27 Nov 2024UK£8.4bUK£9.0bUK£334.3m28.4x25.2x0.9x
Fri, 25 Oct 2024UK£8.3bUK£9.0bUK£322.5m23.5x25.8x0.9x
Sun, 22 Sep 2024UK£10.8bUK£9.7bUK£293.5m24.9x36.7x1.1x
Tue, 20 Aug 2024UK£11.6bUK£10.1bUK£361.0m29x32.2x1.1x
Thu, 18 Jul 2024UK£11.4bUK£10.2bUK£385.5m27.2x29.6x1.1x
Sat, 15 Jun 2024UK£11.6bUK£10.2bUK£381.2m26.6x30.5x1.1x
Mon, 13 May 2024UK£10.3bUK£10.2bUK£374.0m28.2x27.5x1x
Wed, 10 Apr 2024UK£10.3bUK£10.4bUK£355.2m28.4x29.1x1x
Fri, 08 Mar 2024UK£10.8bUK£10.8bUK£359.5m25.8x30x1x
Sun, 04 Feb 2024UK£11.3bUK£12.8bUK£367.2m24.9x30.8x0.9x
Tue, 02 Jan 2024UK£10.9bUK£12.8bUK£376.7m24.2x29.1x0.9x
Thu, 30 Nov 2023UK£10.6bUK£13.4bUK£389.7m24.1x27.1x0.8x
Sat, 28 Oct 2023UK£10.2bUK£13.4bUK£375.6m25.2x27.1x0.8x
Mon, 25 Sep 2023UK£11.1bUK£13.4bUK£389.2m26.4x28.6x0.8x
Wed, 23 Aug 2023UK£10.5bUK£12.5bUK£406.5m26.1x25.9x0.8x
Fri, 21 Jul 2023UK£11.5bUK£12.5bUK£400.4m27x28.7x0.9x
Sun, 18 Jun 2023UK£11.6bUK£12.5bUK£425.2m26.4x27.2x0.9x
Tue, 16 May 2023UK£11.6bUK£12.4bUK£421.3m26.7x27.4x0.9x
Thu, 13 Apr 2023UK£11.7bUK£12.4bUK£422.5m27x27.7x0.9x
Sat, 11 Mar 2023UK£36.7bUK£22.3bUK£2.0b27.3x18x1.7x
Mon, 06 Feb 2023UK£38.5bUK£21.9bUK£1.8b28.1x21.2x1.8x
Price to Earnings Ratio

21.2x


Total Market Cap: UK£38.5bTotal Earnings: UK£1.8bTotal Revenue: UK£21.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. IT Industry Price to Earnings3Y Average 27.9x202420252026
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 32.6x which is higher than its 3-year average PE of 27.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.94x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 47% per year over the last three years,
  • Revenues have also declined 21% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.K. Tech industry?

GB Market0.52%
Tech-0.11%
IT4.46%
IT Consulting4.55%
Internet Services and Infrastructure2.80%
Data Processing Services1.44%
Industry PE
  • Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 6.7x.
    • Analysts are expecting annual earnings growth of 56.6% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Data Processing Services industry, expecting annual earnings growth of 57% over the next 5 years.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings decline by 2.4% 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
FDM FDM Group (Holdings)UK£1.6313.7%
+UK£21.4m		-32.4%PE11.5x
NCC NCC GroupUK£1.414.1%
+UK£17.2m		-0.7%PS1.8x
BKS Beeks Financial Cloud GroupUK£2.357.1%
+UK£11.1m		-14.5%PE54.1x
TRD Triad GroupUK£2.9116.4%
+UK£7.1m		-19.2%PE27.7x
RCN RedcentricUK£1.201.7%
+UK£3.2m		-7.9%PE68.2x

Latest News

FDM
UK£1.63
FDM Group (Holdings)
7D
13.7%
1Y
-32.4%
NCC
UK£1.41
NCC Group
7D
4.1%
1Y
-0.7%
TPX
UK£0.23
TPXimpact Holdings
7D
14.6%
1Y
-33.8%

TPX: Higher Profit Margins Will Support A More Attractive Future P E

Analysts have trimmed their fair value estimate for TPXimpact Holdings from £0.67 to £0.59 per share as they update their assumptions for revenue growth, profit margins, discount rate and future P/E. This has led to a lower overall price target while still reflecting improved profitability expectations.
NARF
UK£0.0041
Narf Industries
7D
-13.7%
1Y
-3.5%
TRD
UK£2.91
Triad Group
7D
16.4%
1Y
-19.2%
KNOS
UK£9.02
Kainos Group
7D
-5.5%
1Y
10.6%

A Look At The Fair Value Of Kainos Group plc (LON:KNOS)

Jan 25
A Look At The Fair Value Of Kainos Group plc (LON:KNOS)
SCT
UK£14.02
Softcat
7D
-0.07%
1Y
-10.1%

SCT: Buybacks And Dividends Will Shape Future Fairly Valued Share Appeal

Analysts have nudged their price target on Softcat slightly higher to reflect modest adjustments to the discount rate, revenue growth assumptions, profit margin and future P/E expectations, indicating a marginally more constructive view on the company’s valuation drivers. What's in the News Softcat began a share repurchase program on January 8, 2026, following shareholder approval at the December 15, 2025 AGM.
IOM
UK£0.19
iomart Group
7D
-7.1%
1Y
-72.9%

iomart Group (LON:IOM) Use Of Debt Could Be Considered Risky

Jan 23
iomart Group (LON:IOM) Use Of Debt Could Be Considered Risky
CCC
UK£32.88
Computacenter
7D
-2.4%
1Y
41.7%
GST
UK£0.0054
GSTechnologies
7D
-6.1%
1Y
-70.8%

Here's Why We're A Bit Worried About GSTechnologies' (LON:GST) Cash Burn Situation

Jan 14
Here's Why We're A Bit Worried About GSTechnologies' (LON:GST) Cash Burn Situation
CLBS
UK£1.45
Celebrus Technologies
7D
3.6%
1Y
-36.1%

Celebrus Technologies plc's (LON:CLBS) Business Is Trailing The Market But Its Shares Aren't

Jan 10
Celebrus Technologies plc's (LON:CLBS) Business Is Trailing The Market But Its Shares Aren't
TIA
UK£0.81
Tialis Essential IT
7D
-0.6%
1Y
155.6%

Further Upside For Tialis Essential IT PLC (LON:TIA) Shares Could Introduce Price Risks After 28% Bounce

Jan 09
Further Upside For Tialis Essential IT PLC (LON:TIA) Shares Could Introduce Price Risks After 28% Bounce
RCN
UK£1.20
Redcentric
7D
1.7%
1Y
-7.9%
MTEC
UK£0.38
Made Tech Group
7D
4.8%
1Y
43.4%

Made Tech Group Plc's (LON:MTEC) Shares Leap 27% Yet They're Still Not Telling The Full Story

Jan 04
Made Tech Group Plc's (LON:MTEC) Shares Leap 27% Yet They're Still Not Telling The Full Story
BKS
UK£2.35
Beeks Financial Cloud Group
7D
7.1%
1Y
-14.5%
SWC
UK£0.43
Smarter Web
7D
-12.7%
1Y
n/a