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U.K. (FTSE) Tech Sector Analysis

UpdatedJun 09, 2025
DataAggregated Company Financials
Companies121
  • 7D1.8%
  • 3M8.5%
  • 1Y1.2%
  • YTD1.8%

Sage Group is up 2.6%, leading the way for the Tech industry, which has gained 1.8%. Meanwhile, Raspberry Pi Holdings actually underperformed within the industry, shrinking 9.0% in the last week. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Wed, 26 Oct 2022UK£94.5bUK£39.2bUK£2.7b28.9x34.8x2.4x
Fri, 23 Sep 2022UK£92.7bUK£39.1bUK£2.7b30.5x34.2x2.4x
Sun, 21 Aug 2022UK£92.1bUK£37.4bUK£2.6b31.5x35.5x2.5x
Tue, 19 Jul 2022UK£81.1bUK£37.0bUK£2.9b30.5x27.5x2.2x
Thu, 16 Jun 2022UK£72.6bUK£34.6bUK£1.8b30x39.6x2.1x
Price to Earnings Ratio

39.6x


Total Market Cap: UK£72.6bTotal Earnings: UK£1.8bTotal Revenue: UK£34.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Tech Sector Price to Earnings3Y Average 54.9x202320242025
Current Industry PE
  • Investors are pessimistic on the British Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 40.6x which is lower than its 3-year average PE of 54.9x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 12% per year over the last three years,
  • Revenues have also declined 13% 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 Market0.72%
Tech1.76%
Semiconductors4.22%
Software2.61%
Electronic Equipment and Components2.09%
Communications0.63%
IT0.38%
Tech Hardware-6.70%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry which is trading above its 3-year average PE ratio of 102x.
    • Analysts are expecting annual earnings growth of 38.5%, which is higher than its past year's earnings decline of 7.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 80% over the next 5 years.
  • This is better than its past earnings decline of 71% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 9.7% 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
SGE Sage GroupUK£12.512.6%
+UK£280.8m		19.8%PE34.7x
HLMA HalmaUK£29.782.3%
+UK£249.3m		30.4%PE39.3x
AWE Alphawave IP GroupUK£1.496.1%
+UK£65.7m		4.3%PS5x
RSW RenishawUK£26.303.5%
+UK£65.5m		-34.6%PE19.6x
PINE Pinewood Technologies GroupUK£4.4513.5%
+UK£53.3m		15.0%PE71.9x
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SRT

UK£0.67

SRT Marine Systems

7D

-11.3%

1Y

189.1%

PINE

UK£4.45

Pinewood Technologies Group

7D

13.5%

1Y

15.0%

AWE

UK£1.49

Alphawave IP Group

7D

6.1%

1Y

4.3%

SWC

UK£0.81

Smarter Web

7D

-6.4%

1Y

n/a

SGE

UK£12.51

Sage Group

7D

2.6%

1Y

19.8%

SPT

UK£1.93

Spirent Communications

7D

1.8%

1Y

5.0%

CCC

UK£25.92

Computacenter

7D

-0.8%

1Y

-6.1%

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May 30
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BYIT

UK£5.33

Bytes Technology Group

7D

3.2%

1Y

-1.2%

FDM

UK£2.12

FDM Group (Holdings)

7D

-6.6%

1Y

-47.8%

SCT

UK£18.20

Softcat

7D

1.3%

1Y

6.9%

RPI

UK£4.77

Raspberry Pi Holdings

7D

-9.0%

1Y

n/a

Investors Appear Satisfied With Raspberry Pi Holdings plc's (LON:RPI) Prospects As Shares Rocket 28%

May 28
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IQE

UK£0.10

IQE

7D

-5.7%

1Y

-66.4%

CLBS

UK£1.55

Celebrus Technologies

7D

-11.4%

1Y

-31.1%

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RSW

UK£26.30

Renishaw

7D

3.5%

1Y

-34.6%

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May 13
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DOTD

UK£0.81

dotdigital Group

7D

-3.1%

1Y

-12.8%

Earnings Not Telling The Story For dotdigital Group Plc (LON:DOTD) After Shares Rise 26%

May 07
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HLMA

UK£29.78

Halma

7D

2.3%

1Y

30.4%

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