U.K. (FTSE) Semiconductors Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 17 Jun 2026	UK£812.5m	UK£204.2m	-UK£28,774,000.00	4.4x	-28.2x	4x
Fri, 15 May 2026	UK£780.9m	UK£204.2m	-UK£41,223,000.00	10.5x	-18.9x	3.8x
Sun, 12 Apr 2026	UK£563.2m	UK£199.9m	-UK£44,513,000.00	20.8x	-12.7x	2.8x
Tue, 10 Mar 2026	UK£377.9m	UK£199.9m	-UK£44,513,000.00	18.9x	-8.5x	1.9x
Thu, 05 Feb 2026	UK£277.2m	UK£199.9m	-UK£44,513,000.00	21.2x	-6.2x	1.4x
Sat, 03 Jan 2026	UK£250.4m	UK£185.1m	-UK£53,963,000.00	30.2x	-4.6x	1.4x
Mon, 01 Dec 2025	UK£1.9b	UK£424.6m	-UK£184,890,387.24	28.1x	-10.1x	4.4x
Wed, 29 Oct 2025	UK£1.7b	UK£434.0m	-UK£186,749,022.60	12.6x	-9.2x	4x
Fri, 26 Sep 2025	UK£1.7b	UK£423.8m	-UK£87,057,171.39	11.4x	-20.1x	4.1x
Sun, 24 Aug 2025	UK£1.6b	UK£431.0m	-UK£85,334,154.68	n/a	-19.3x	3.8x
Tue, 22 Jul 2025	UK£1.6b	UK£436.0m	-UK£85,666,515.59	n/a	-19x	3.7x
Thu, 19 Jun 2025	UK£1.6b	UK£439.2m	-UK£84,532,418.30	29x	-19.4x	3.7x
Sat, 17 May 2025	UK£1.3b	UK£441.5m	-UK£84,852,586.37	30.2x	-15.6x	3x
Mon, 14 Apr 2025	UK£1.1b	UK£394.0m	-UK£97,751,116.03	27.1x	-11.7x	2.9x
Wed, 12 Mar 2025	UK£1.1b	UK£395.6m	-UK£98,340,371.45	29.4x	-10.9x	2.7x
Fri, 07 Feb 2025	UK£1.4b	UK£403.2m	-UK£99,278,662.22	31.8x	-14x	3.5x
Sun, 05 Jan 2025	UK£1.0b	UK£406.7m	-UK£96,679,103.61	35.2x	-10.8x	2.6x
Tue, 03 Dec 2024	UK£1.3b	UK£403.7m	-UK£95,589,227.29	29.9x	-13.7x	3.2x
Thu, 31 Oct 2024	UK£1.1b	UK£393.6m	-UK£74,556,661.07	20.9x	-15.4x	2.9x
Sat, 28 Sep 2024	UK£1.2b	UK£386.5m	-UK£73,436,143.02	22.4x	-15.9x	3x
Mon, 26 Aug 2024	UK£1.5b	UK£447.5m	-UK£56,945,003.98	21.3x	-26.1x	3.3x
Wed, 24 Jul 2024	UK£1.6b	UK£450.7m	-UK£56,200,060.02	24.5x	-27.6x	3.4x
Fri, 21 Jun 2024	UK£1.6b	UK£472.6m	-UK£58,077,450.38	12.8x	-26.9x	3.3x
Sun, 19 May 2024	UK£1.4b	UK£471.8m	-UK£57,961,234.96	14.3x	-24.8x	3.1x
Tue, 16 Apr 2024	UK£1.7b	UK£472.0m	-UK£42,540,726.39	11.8x	-40.6x	3.7x
Thu, 14 Mar 2024	UK£1.8b	UK£480.8m	-UK£103,880,346.81	13.6x	-16.8x	3.6x
Sat, 10 Feb 2024	UK£1.6b	UK£483.0m	-UK£104,388,421.37	15.4x	-15.4x	3.3x
Mon, 08 Jan 2024	UK£1.3b	UK£481.0m	-UK£106,219,730.00	15x	-12x	2.6x
Wed, 06 Dec 2023	UK£1.2b	UK£478.6m	-UK£106,316,498.00	12.3x	-11.7x	2.6x
Fri, 03 Nov 2023	UK£1.1b	UK£486.4m	-UK£107,075,569.00	12.3x	-10.5x	2.3x
Sun, 01 Oct 2023	UK£1.2b	UK£461.4m	-UK£120,568,119.00	49.4x	-10.1x	2.6x
Tue, 29 Aug 2023	UK£1.5b	UK£384.3m	-UK£83,137,697.00	47.2x	-17.6x	3.8x
Thu, 27 Jul 2023	UK£1.6b	UK£375.5m	-UK£82,764,934.00	47.1x	-19.4x	4.3x
Sat, 24 Jun 2023	UK£1.5b	UK£373.1m	-UK£86,835,236.00	57.1x	-17x	4x

Current Industry PE

Investors are optimistic on the British Semiconductor industry, and appear confident in long term growth rates.

The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 4.0x.

Past Earnings Growth

The earnings for companies in the Semiconductor industry have improved over the last three years.
Meanwhile revenues for these companies have declined 18% per year.
This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.

Industry Trends

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


GB Market	0.74%
Tech	-7.54%
Semiconductors	16.28%
Semiconductor Equipment	25.30%
Semiconductors	0.61%

Industry PE

Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio.

Analysts are expecting annual earnings growth of 12.6%, which is higher than its past year's earnings decline of 12.6% per year.

Forecasted Growth

Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 66% over the next 5 years.

In contrast, the Semiconductors industry is expected to see its earnings grow by 13% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
IQE IQE	UK£0.55	33.3% +UK£134.7m	416.9%	PS5.5x
CML CML Microsystems	UK£2.95	2.6% +UK£1.2m	25.5%	PE43.6x
ENSI EnSilica	UK£0.96	0.9% +UK£1.1m	144.3%	PS5.3x

Company

Last Price

Valuation

IQE IQE

UK£0.55

33.3%
+UK£134.7m

416.9%

PS5.5x

CML CML Microsystems

UK£2.95

2.6%
+UK£1.2m

25.5%

PE43.6x

ENSI EnSilica

UK£0.96

0.9%
+UK£1.1m

144.3%

PS5.3x

Nanoco Group PLC Announces Intention to Delist Ordinary Shares from the Main Market of the London Stock Exchange

Nanoco Group PLC announced its intention to delist from the Main Market of the London Stock Exchange. Since the announcement on 26 January 2026 relating to the termination of the process of finding a purchaser for the Group's trading business, the Board has been considering various options to both maximise shareholder value and preserve the Company's cash balances. The Board believes that by taking further measures to reduce the Company's operating costs and carefully investing its remaining resources in existing high-potential business areas, greater value can be generated for Shareholders. In order to further reduce operating costs, the Board has decided to seek Shareholder approval for the proposed cancellation of the Ordinary Shares from the Official List and from admission to trading on the main market for listed securities of the London Stock Exchange (the "Cancellation") while maintaining the ability for Shareholders to continue to be able to trade in Ordinary Shares through the Matched Bargain Facility described below. Such cancellation is expected to result in a further annual cost savings of £0.7 million. Although the Company had a cash balance of £10.1 million as at 19 May 2026 and the Company is neither currently experiencing any financial difficulty nor is it expected to in the near term, these cost savings will extend the Group's cash runway, with a view to being break even in the medium term. Additionally, this will also free up significant resource which can be allocated to the achievement of the Group's strategic objectives. Conversely, were these cost savings to not be achieved, and were there further delays in the commercialisation of the Company's products, the Group's ability to break even in the medium term and achieve its strategic objectives would be further hindered by the current cost and resource burden associated with being a listed company. Following the proposed Cancellation, it is proposed to re-register the Company as a private limited company (the "Re-registration") and to adopt new articles of association to reflect the change in the Company's status to a private limited company. As both the Cancellation and the Registration require the approval of not less than 75 per cent. of the votes cast by Shareholders (whether present in person or by proxy) at a General Meeting, a circular (the "Circular") has today been dispatched to Shareholders containing further detail about the Cancellation and the Re-registration and convening a general meeting to be held at 10.30 a.m. on 19 June 2026 for the purposes of obtaining the necessary approvals.

U.K. (FTSE) Semiconductors Industry Analysis

Industry Valuation and Performance

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Nanoco Group PLC Announces Intention to Delist Ordinary Shares from the Main Market of the London Stock Exchange