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U.K. (FTSE) IT Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies21
  • 7D4.6%
  • 3M34.0%
  • 1Y18.1%
  • YTD26.3%

Computacenter is up 5.7%, leading the way for the IT industry, which has gained 4.6%. This means that the industry has gained 18% over the past year. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026UK£10.3bUK£12.4bUK£268.6m27.1x38.4x0.8x
Tue, 28 Apr 2026UK£8.9bUK£12.3bUK£256.2m29x34.7x0.7x
Thu, 26 Mar 2026UK£7.4bUK£12.4bUK£269.4m27.2x27.5x0.6x
Sat, 21 Feb 2026UK£7.5bUK£10.7bUK£267.3m23.9x28.2x0.7x
Mon, 19 Jan 2026UK£8.7bUK£10.7bUK£267.3m22.6x32.5x0.8x
Wed, 17 Dec 2025UK£8.5bUK£10.7bUK£267.5m23.1x31.8x0.8x
Fri, 14 Nov 2025UK£8.3bUK£10.8bUK£269.0m24.4x30.8x0.8x
Sun, 12 Oct 2025UK£8.4bUK£10.4bUK£266.3m27.8x31.5x0.8x
Tue, 09 Sep 2025UK£8.0bUK£9.5bUK£272.6m25.6x29.4x0.8x
Thu, 07 Aug 2025UK£7.6bUK£9.5bUK£272.7m23.9x28x0.8x
Sat, 05 Jul 2025UK£8.0bUK£9.5bUK£328.4m25.1x24.3x0.8x
Mon, 02 Jun 2025UK£8.6bUK£9.5bUK£311.1m25x27.7x0.9x
Wed, 30 Apr 2025UK£8.0bUK£9.6bUK£330.5m17.9x24.4x0.8x
Fri, 28 Mar 2025UK£8.2bUK£9.6bUK£330.5m20.5x24.7x0.9x
Sun, 23 Feb 2025UK£7.8bUK£9.0bUK£333.3m22.9x23.6x0.9x
Tue, 21 Jan 2025UK£7.8bUK£9.0bUK£335.5m24.6x23.4x0.9x
Thu, 19 Dec 2024UK£8.0bUK£9.0bUK£338.2m26.7x23.8x0.9x
Sat, 16 Nov 2024UK£8.5bUK£9.0bUK£327.4m27.1x25.9x0.9x
Mon, 14 Oct 2024UK£10.5bUK£9.7bUK£294.1m23.5x35.6x1.1x
Wed, 11 Sep 2024UK£10.6bUK£9.7bUK£333.5m26.2x31.7x1.1x
Fri, 09 Aug 2024UK£11.1bUK£10.2bUK£359.4m27x31x1.1x
Sun, 07 Jul 2024UK£11.8bUK£10.2bUK£383.0m26.6x30.8x1.2x
Tue, 04 Jun 2024UK£11.7bUK£10.2bUK£380.6m28.7x30.7x1.1x
Thu, 02 May 2024UK£9.9bUK£10.2bUK£374.6m27.4x26.3x1x
Sat, 30 Mar 2024UK£10.4bUK£10.4bUK£353.9m27.9x29.3x1x
Mon, 26 Feb 2024UK£11.0bUK£10.8bUK£359.4m25.5x30.5x1x
Wed, 24 Jan 2024UK£10.9bUK£12.8bUK£376.2m26x28.9x0.9x
Fri, 22 Dec 2023UK£10.8bUK£12.8bUK£379.8m24x28.5x0.8x
Sun, 19 Nov 2023UK£10.6bUK£13.4bUK£384.2m24.6x27.6x0.8x
Tue, 17 Oct 2023UK£10.7bUK£13.4bUK£371.5m25.7x28.9x0.8x
Thu, 14 Sep 2023UK£11.2bUK£13.4bUK£389.2m28.3x28.7x0.8x
Sat, 12 Aug 2023UK£11.0bUK£12.5bUK£404.6m27x27.1x0.9x
Mon, 10 Jul 2023UK£10.8bUK£12.5bUK£412.1m26x26.2x0.9x
Wed, 07 Jun 2023UK£11.1bUK£12.5bUK£424.1m26.7x26.2x0.9x
Price to Earnings Ratio

26.2x


Total Market Cap: UK£11.1bTotal Earnings: UK£424.1mTotal Revenue: UK£12.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. IT Industry Price to Earnings3Y Average 28.7x202420252026
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 38.4x which is higher than its 3-year average PE of 28.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.88x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 14% 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-0.27%
Tech2.04%
IT4.64%
Data Processing Services5.56%
IT Consulting4.95%
Internet Services and Infrastructure-3.15%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 25.5x.
    • Analysts expect its future annual earnings growth (11.5%) to be largely in line with prior year's earnings growth.
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 IT Consulting industry is expected to see its earnings grow by 12% 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£44.525.7%
+UK£254.0m		71.0%PE30.4x
SCT SoftcatUK£17.376.8%
+UK£215.9m		-3.0%PE24.2x
FDM FDM Group (Holdings)UK£1.184.8%
+UK£5.9m		-48.0%PE22.8x
CLBS Celebrus TechnologiesUK£1.0215.3%
+UK£5.2m		-42.0%PE13.5x
TPX TPXimpact HoldingsUK£0.535.0%
+UK£2.3m		135.6%PS0.7x

Latest News

NCC
UK£1.43
NCC Group
7D
0.1%
1Y
-8.7%
CCC
UK£44.52
Computacenter
7D
5.7%
1Y
71.0%
CLBS
UK£1.02
Celebrus Technologies
7D
15.3%
1Y
-42.0%
FDM
UK£1.18
FDM Group (Holdings)
7D
4.8%
1Y
-48.0%
SCT
UK£17.37
Softcat
7D
6.8%
1Y
-3.0%
Narrative Update • May 24

SCT: Rising Dividend Will Continue To Mask Weakening Earnings Quality

Analysts have nudged their Softcat price target to £12.10. This reflects slightly lower assumed discount rates and future P/E, alongside modestly stronger projected profit margins and a small adjustment to expected revenue trends.
ING
UK£0.95
Ingenta
7D
-7.8%
1Y
61.0%
KNOS
UK£8.72
Kainos Group
7D
-1.0%
1Y
19.9%
SWC
UK£0.30
Smarter Web
7D
-2.3%
1Y
-63.0%
TPX
UK£0.53
TPXimpact Holdings
7D
5.0%
1Y
135.6%
BKS
UK£1.52
Beeks Financial Cloud Group
7D
-2.3%
1Y
-28.2%
MTEC
UK£0.39
Made Tech Group
7D
-0.6%
1Y
27.6%
IOM
UK£0.17
iomart Group
7D
-5.4%
1Y
-39.6%
RCN
UK£1.25
Redcentric
7D
-3.8%
1Y
-3.8%
SYS
UK£0.18
SysGroup
7D
-2.7%
1Y
-18.2%