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U.K. (FTSE) Tech Sector Analysis

UpdatedAug 16, 2026
DataAggregated Company Financials
Companies108
  • 7D-0.3%
  • 3M2.2%
  • 1Y17.1%
  • YTD16.3%

Last week, the Tech industry hasn't moved much but Computacenter is up 3.8% in that time. The past year has been better, since the industry has gained 17% in that time. Earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Aug 2026UK£51.1bUK£24.1bUK£982.5m27.5x52.1x2.1x
Tue, 14 Jul 2026UK£47.4bUK£24.1bUK£993.7m22.7x47.7x2x
Thu, 11 Jun 2026UK£51.3bUK£24.0bUK£1.0b26.1x51.2x2.1x
Sat, 09 May 2026UK£50.9bUK£24.0bUK£1.0b27.3x49.5x2.1x
Mon, 06 Apr 2026UK£43.4bUK£24.0bUK£1.0b29x43.1x1.8x
Wed, 04 Mar 2026UK£44.5bUK£22.3bUK£1.0b29.9x44.3x2x
Fri, 30 Jan 2026UK£45.1bUK£22.2bUK£1.0b32.3x44.5x2x
Sun, 28 Dec 2025UK£45.3bUK£22.3bUK£996.0m29.8x45.5x2x
Tue, 25 Nov 2025UK£50.9bUK£23.9bUK£944.7m29x53.9x2.1x
Thu, 23 Oct 2025UK£52.0bUK£23.2bUK£882.6m29.7x58.9x2.2x
Sat, 20 Sep 2025UK£51.9bUK£23.6bUK£1.0b30.1x50x2.2x
Mon, 18 Aug 2025UK£50.1bUK£22.7bUK£1.1b29.8x47.7x2.2x
Wed, 16 Jul 2025UK£52.4bUK£22.8bUK£1.2b31.8x42.4x2.3x
Fri, 13 Jun 2025UK£53.0bUK£22.9bUK£1.2b29.8x42.5x2.3x
Sun, 11 May 2025UK£50.2bUK£23.0bUK£1.3b26.3x39.9x2.2x
Tue, 08 Apr 2025UK£42.6bUK£23.0bUK£1.2b20.9x34.6x1.9x
Thu, 06 Mar 2025UK£49.4bUK£22.5bUK£1.2b24.2x40.8x2.2x
Sat, 01 Feb 2025UK£53.9bUK£22.6bUK£1.2b27.2x43.7x2.4x
Mon, 30 Dec 2024UK£50.6bUK£22.6bUK£1.2b28.4x40.9x2.2x
Wed, 27 Nov 2024UK£50.8bUK£22.6bUK£1.3b29.4x40.3x2.2x
Fri, 25 Oct 2024UK£46.7bUK£22.3bUK£1.1b25x40.8x2.1x
Sun, 22 Sep 2024UK£54.0bUK£23.4bUK£1.2b26.6x44.5x2.3x
Tue, 20 Aug 2024UK£56.3bUK£24.0bUK£1.3b28.6x44.5x2.3x
Thu, 18 Jul 2024UK£56.9bUK£24.2bUK£1.2b27.8x48.7x2.4x
Sat, 15 Jun 2024UK£56.9bUK£24.1bUK£1.1b28.3x49.5x2.4x
Mon, 13 May 2024UK£54.8bUK£24.0bUK£998.9m28x54.9x2.3x
Wed, 10 Apr 2024UK£52.6bUK£24.1bUK£881.3m28.4x59.7x2.2x
Fri, 08 Mar 2024UK£53.8bUK£24.3bUK£917.0m28.9x58.6x2.2x
Sun, 04 Feb 2024UK£73.7bUK£31.4bUK£937.8m29x78.5x2.3x
Tue, 02 Jan 2024UK£74.1bUK£31.4bUK£948.5m27.8x78.2x2.4x
Thu, 30 Nov 2023UK£71.1bUK£32.0bUK£969.5m26.6x73.3x2.2x
Sat, 28 Oct 2023UK£66.1bUK£32.0bUK£1.0b26.3x66.1x2.1x
Mon, 25 Sep 2023UK£71.4bUK£31.8bUK£1.0b28.1x69.3x2.2x
Wed, 23 Aug 2023UK£69.7bUK£30.8bUK£1.0b28.3x67.3x2.3x
Price to Earnings Ratio

67.3x


Total Market Cap: UK£69.7bTotal Earnings: UK£1.0bTotal Revenue: UK£30.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Tech Sector Price to Earnings3Y Average 50.9x202420252026
Current Industry PE
  • Investors are relatively neutral on the British Information Technology 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 50.9x.
  • The industry is trading close to its 3-year average PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 7.8% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

GB Market-1.35%
Tech-0.34%
IT3.28%
Communications3.27%
Software-0.45%
Semiconductors-1.62%
Electronic Equipment and Components-2.02%
Tech Hardware-3.51%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry even though it's trading below its 3-year average PE ratio of 1kx.
    • Analysts are expecting annual earnings growth of 14.9%, which is lower than the prior year's growth of 46.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 50% over the next 5 years.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 15% 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£50.103.8%
+UK£191.0m		110.0%PE34.2x
SCT SoftcatUK£20.522.9%
+UK£113.9m		31.6%PE28.6x
SGE Sage GroupUK£10.611.1%
+UK£107.7m		-2.8%PE24.7x
KNOS Kainos GroupUK£9.703.9%
+UK£42.5m		41.0%PE26.6x
FTC FiltronicUK£2.564.9%
+UK£26.4m		75.3%PE123.6x

Latest News

GBG
UK£1.61
GB Group
7D
-32.4%
1Y
-27.8%
RCN
UK£1.10
Redcentric
7D
11.7%
1Y
-8.9%
RPI
UK£6.67
Raspberry Pi Holdings
7D
-4.4%
1Y
66.9%
Narrative Update • Aug 13

RPI: Higher Revenue Assumptions Will Support Future Semiconductor Investment Execution

Raspberry Pi Holdings' analyst price targets have moved from £5.50 to a range centered around £6.50 to £6.70, with analysts pointing to expectations for stronger revenue growth, while also expressing caution over fragmented customers, high memory costs and planned semiconductor-related capital expenditure. Analyst Commentary Recent research on Raspberry Pi Holdings reflects a mix of optimism and caution, with price targets clustered around £6.50 to £6.70 and ratings set at Hold.
IQE
UK£0.47
IQE
7D
-1.0%
1Y
429.0%
FTC
UK£2.56
Filtronic
7D
4.9%
1Y
75.3%
Analysis Article • Aug 11

Filtronic's (LON:FTC) Problems Go Beyond Weak Profit

The subdued market reaction suggests that Filtronic plc's ( LON:FTC ) recent earnings didn't contain any surprises. We...
OXIG
UK£29.16
Oxford Instruments
7D
1.0%
1Y
60.9%
RSW
UK£51.75
Renishaw
7D
-1.1%
1Y
72.5%
Narrative Update • Aug 08

RSW: Higher 2026 Guidance And Updated Metrics Will Support Balanced Long Term Outlook

Renishaw's analyst price target has been updated in line with a move in Street estimates to £56.00 from £49.60. Analysts point to adjusted revenue growth, margin expectations and a slightly different P/E framework to support the higher fair value range.
HLMA
UK£36.86
Halma
7D
-2.9%
1Y
14.8%
SCT
UK£20.52
Softcat
7D
2.9%
1Y
31.6%
Narrative Update • Aug 04

SCT: Dividend Growth And Buybacks Will Support Balanced Fairly Valued Future Returns

Analysts have raised their Softcat price target from £18.19 to £18.84, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E as the key drivers of this change. What’s in the News for Softcat No recent Softcat specific news items were identified in the provided sources up to 29 Jul 2026.
KNOS
UK£9.70
Kainos Group
7D
3.9%
1Y
41.0%
Analysis Article • Aug 04

Why Kainos Group's (LON:KNOS) Earnings Are Better Than They Seem

The market seemed underwhelmed by last week's earnings announcement from Kainos Group plc ( LON:KNOS ) despite the...
BYIT
UK£4.14
Bytes Technology Group
7D
-0.9%
1Y
6.2%
ENSI
UK£0.79
EnSilica
7D
-9.2%
1Y
79.5%
SGE
UK£10.61
Sage Group
7D
1.1%
1Y
-2.8%
Narrative Update • Aug 03

SGE: Rich Pricing Will Test Deliveries After Raised Growth Assumptions

The analyst price target for Sage Group is updated higher by £0.11 per share, with recent research citing revised growth assumptions, a slightly lower discount rate, and modestly adjusted profit expectations as key drivers. Analyst Commentary Recent Street research on Sage Group shows a cluster of higher price targets, but there are still pockets of caution that readers should keep in mind.
CCC
UK£50.10
Computacenter
7D
3.8%
1Y
110.0%
SAAS
UK£0.49
Microlise Group
7D
25.6%
1Y
-60.0%
CER
UK£9.00
Cerillion
7D
-4.7%
1Y
-39.2%