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U.K. (FTSE) Tech Sector Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies115
  • 7D0.8%
  • 3M2.8%
  • 1Y6.9%
  • YTD5.6%

Last week, the Tech industry hasn't moved much but Halma is up 7.0% in that time. As for the the longer term, the industry is up 6.9% over the past 12 months. As for the next few years, earnings are expected to grow by 22% per annum.

Sector Valuation and Performance

Has the U.K. Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025UK£49.7bUK£23.6bUK£870.8m29.4x57x2.1x
Sun, 19 Oct 2025UK£50.9bUK£23.1bUK£884.2m29.4x57.6x2.2x
Tue, 16 Sep 2025UK£51.1bUK£23.5bUK£1.0b29.2x49x2.2x
Thu, 14 Aug 2025UK£50.4bUK£22.7bUK£1.1b29.1x48x2.2x
Sat, 12 Jul 2025UK£52.5bUK£22.7bUK£1.2b31.6x42.5x2.3x
Mon, 09 Jun 2025UK£50.7bUK£22.9bUK£1.2b28.7x40.6x2.2x
Wed, 07 May 2025UK£48.8bUK£23.0bUK£1.3b25.8x38.8x2.1x
Fri, 04 Apr 2025UK£46.5bUK£23.0bUK£1.2b21.8x37.5x2x
Sun, 02 Mar 2025UK£49.7bUK£22.5bUK£1.2b24.3x41.3x2.2x
Tue, 28 Jan 2025UK£52.5bUK£22.6bUK£1.2b27.4x42.5x2.3x
Thu, 26 Dec 2024UK£50.6bUK£22.6bUK£1.2b28.2x40.9x2.2x
Sat, 23 Nov 2024UK£50.5bUK£22.6bUK£1.3b29.1x40.2x2.2x
Mon, 21 Oct 2024UK£49.4bUK£23.0bUK£1.1b26x44.3x2.1x
Wed, 18 Sep 2024UK£54.2bUK£23.5bUK£1.2b25.9x44.2x2.3x
Fri, 16 Aug 2024UK£56.0bUK£24.0bUK£1.3b27.6x44.3x2.3x
Sun, 14 Jul 2024UK£57.7bUK£24.2bUK£1.2b27.9x49.1x2.4x
Tue, 11 Jun 2024UK£55.0bUK£24.0bUK£1.0b29.5x54.7x2.3x
Thu, 09 May 2024UK£54.5bUK£24.0bUK£999.5m28x54.6x2.3x
Sat, 06 Apr 2024UK£52.9bUK£24.1bUK£893.6m28.4x59.2x2.2x
Mon, 04 Mar 2024UK£53.2bUK£24.4bUK£917.8m29x58x2.2x
Wed, 31 Jan 2024UK£74.3bUK£31.4bUK£938.2m28.9x79.2x2.4x
Fri, 29 Dec 2023UK£74.3bUK£31.4bUK£949.6m27.8x78.2x2.4x
Sun, 26 Nov 2023UK£70.7bUK£32.0bUK£1.0b27.9x69.1x2.2x
Tue, 24 Oct 2023UK£66.9bUK£31.9bUK£1.0b25.8x66.8x2.1x
Thu, 21 Sep 2023UK£72.2bUK£31.7bUK£1.0b29.2x69.8x2.3x
Sat, 19 Aug 2023UK£69.9bUK£30.8bUK£1.0b28.4x67.5x2.3x
Mon, 17 Jul 2023UK£73.6bUK£31.1bUK£1.1b28x70.1x2.4x
Wed, 14 Jun 2023UK£75.2bUK£30.9bUK£1.2b31.2x64.3x2.4x
Fri, 12 May 2023UK£73.8bUK£31.0bUK£1.1b31.5x68x2.4x
Sun, 09 Apr 2023UK£71.8bUK£30.8bUK£1.3b30.4x56.2x2.3x
Tue, 07 Mar 2023UK£98.9bUK£40.2bUK£3.0b29.6x33.3x2.5x
Thu, 02 Feb 2023UK£97.9bUK£39.7bUK£2.8b29.4x35.2x2.5x
Sat, 31 Dec 2022UK£95.3bUK£39.7bUK£2.8b28.4x34.6x2.4x
Mon, 28 Nov 2022UK£101.0bUK£39.5bUK£2.8b29.2x36.2x2.6x
Price to Earnings Ratio

36.2x


Total Market Cap: UK£101.0bTotal Earnings: UK£2.8bTotal Revenue: UK£39.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Tech Sector Price to Earnings3Y Average 52.2x202320242025
Current Industry PE
  • Investors are optimistic on the British Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 57.0x which is higher than its 3-year average PE of 52.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 32% per year over the last three years,
  • Revenues have also declined 16% 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 sector?

GB Market-2.81%
Tech0.78%
Electronic Equipment and Components3.36%
Semiconductors0.98%
IT-0.21%
Software-1.85%
Communications-2.41%
Tech Hardware-2.51%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry which is trading above its 3-year average PE ratio of 433x.
    • Analysts are expecting annual earnings growth of 44.0%, which is higher than its past year's earnings decline of 29.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 124% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Software industry is expected to see its earnings grow by 16% 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
HLMA HalmaUK£36.187.0%
+UK£888.2m		36.8%PE46.1x
SGE Sage GroupUK£10.85-2.1%
UK£308.7m		-14.3%PE29.3x
CCC ComputacenterUK£28.581.1%
+UK£33.6m		28.5%PE18.8x
AWE Alphawave IP GroupUK£1.901.8%
+UK£26.8m		50.6%PS6.1x
KNOS Kainos GroupUK£9.911.7%
+UK£20.3m		20.9%PE38.6x

Latest News

SGE
UK£10.85
Sage Group
7D
-2.1%
1Y
-14.3%
TRCS
UK£3.50
Tracsis
7D
17.6%
1Y
-39.1%
SAAS
UK£1.43
Microlise Group
7D
12.6%
1Y
31.2%

Fewer Investors Than Expected Jumping On Microlise Group plc (LON:SAAS)

Nov 20
Fewer Investors Than Expected Jumping On Microlise Group plc (LON:SAAS)
OXIG
UK£19.38
Oxford Instruments
7D
-7.3%
1Y
-4.1%

There May Be Some Bright Spots In Oxford Instruments' (LON:OXIG) Earnings

Nov 20
There May Be Some Bright Spots In Oxford Instruments' (LON:OXIG) Earnings
HLMA
UK£36.18
Halma
7D
7.0%
1Y
36.8%

Halma plc's (LON:HLMA) Business Is Yet to Catch Up With Its Share Price

Nov 18
Halma plc's (LON:HLMA) Business Is Yet to Catch Up With Its Share Price
RSW
UK£33.95
Renishaw
7D
-1.6%
1Y
8.8%

RSW: Margin Improvement Efforts And Dividend Outlook Will Drive Measured Upside

Analysts have increased their price target for Renishaw, citing improved margin outlook and stronger than expected EBITA forecasts. Recent revisions have lifted expectations by over £1,000 to a new range between £3,340 and £3,530 per share.
SEE
UK£0.044
Seeing Machines
7D
9.6%
1Y
30.6%
ALFA
UK£2.23
Alfa Financial Software Holdings
7D
-2.0%
1Y
0.7%
CCC
UK£28.58
Computacenter
7D
1.1%
1Y
28.5%

Is Computacenter (LON:CCC) A Risky Investment?

Nov 13
Is Computacenter (LON:CCC) A Risky Investment?
KNOS
UK£9.91
Kainos Group
7D
1.7%
1Y
20.9%

Kainos Group's (LON:KNOS) Dividend Will Be £0.098

Nov 13
Kainos Group's (LON:KNOS) Dividend Will Be £0.098
SCT
UK£14.20
Softcat
7D
-1.9%
1Y
-11.1%
BYIT
UK£3.43
Bytes Technology Group
7D
-4.0%
1Y
-23.4%
RPI
UK£3.17
Raspberry Pi Holdings
7D
-6.2%
1Y
-4.9%
GBG
UK£2.30
GB Group
7D
-3.6%
1Y
-35.8%
SWC
UK£0.44
Smarter Web
7D
-24.1%
1Y
n/a
AWE
UK£1.90
Alphawave IP Group
7D
1.8%
1Y
50.6%