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U.K. (FTSE) Tech Sector Analysis

UpdatedNov 09, 2025
DataAggregated Company Financials
Companies114
  • 7D-3.6%
  • 3M1.2%
  • 1Y11.1%
  • YTD4.3%

Over the last 7 days, the Tech industry has dropped 3.6%, driven by Halma declining 4.3%. In contrast, ActiveOps has gained 13%. This takes the industry's 12 month performance to a gain of 11%. 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
Sun, 09 Nov 2025UK£50.1bUK£23.6bUK£894.6m29.7x56.1x2.1x
Tue, 07 Oct 2025UK£53.1bUK£23.5bUK£892.7m30.9x59.4x2.3x
Thu, 04 Sep 2025UK£50.4bUK£22.7bUK£1.0b29.9x48.1x2.2x
Sat, 02 Aug 2025UK£51.1bUK£22.7bUK£1.2b29.8x41.6x2.3x
Mon, 30 Jun 2025UK£53.3bUK£22.9bUK£1.2b32.2x43.2x2.3x
Wed, 28 May 2025UK£50.1bUK£23.0bUK£1.2b28.3x40.4x2.2x
Fri, 25 Apr 2025UK£46.1bUK£23.0bUK£1.3b23.4x36.6x2x
Sun, 23 Mar 2025UK£47.8bUK£23.0bUK£1.2b23.1x38.3x2.1x
Tue, 18 Feb 2025UK£52.6bUK£22.6bUK£1.2b26.9x42.3x2.3x
Thu, 16 Jan 2025UK£50.3bUK£22.6bUK£1.2b26.6x40.7x2.2x
Sat, 14 Dec 2024UK£51.0bUK£22.6bUK£1.3b29.1x40.6x2.3x
Mon, 11 Nov 2024UK£47.5bUK£22.4bUK£1.1b27.2x41.7x2.1x
Wed, 09 Oct 2024UK£48.8bUK£22.9bUK£1.1b26.6x44x2.1x
Fri, 06 Sep 2024UK£54.1bUK£23.9bUK£1.3b26.6x42.4x2.3x
Sun, 04 Aug 2024UK£55.6bUK£24.1bUK£1.3b27.2x43.6x2.3x
Tue, 02 Jul 2024UK£57.7bUK£24.3bUK£1.2b27.8x49.2x2.4x
Thu, 30 May 2024UK£54.5bUK£23.9bUK£1.1b29.5x51.4x2.3x
Sat, 27 Apr 2024UK£52.7bUK£23.9bUK£960.8m27.7x54.8x2.2x
Mon, 25 Mar 2024UK£53.4bUK£24.1bUK£872.9m29.3x61.1x2.2x
Wed, 21 Feb 2024UK£52.8bUK£24.4bUK£908.3m31.1x58.1x2.2x
Fri, 19 Jan 2024UK£72.7bUK£31.4bUK£946.2m26.2x76.9x2.3x
Sun, 17 Dec 2023UK£73.0bUK£31.4bUK£952.2m27.4x76.7x2.3x
Tue, 14 Nov 2023UK£67.9bUK£31.9bUK£1.0b26.8x67.3x2.1x
Thu, 12 Oct 2023UK£69.4bUK£31.9bUK£990.4m26.7x70x2.2x
Sat, 09 Sep 2023UK£72.6bUK£30.9bUK£1.1b28x68.5x2.3x
Mon, 07 Aug 2023UK£71.5bUK£30.7bUK£1.0b29.1x69.3x2.3x
Wed, 05 Jul 2023UK£73.6bUK£31.2bUK£1.1b29x68.3x2.4x
Fri, 02 Jun 2023UK£74.3bUK£30.9bUK£953.3m30.7x77.9x2.4x
Sun, 30 Apr 2023UK£73.5bUK£31.0bUK£1.1b30.9x67.7x2.4x
Tue, 28 Mar 2023UK£71.5bUK£31.5bUK£1.3b29.4x54.7x2.3x
Thu, 23 Feb 2023UK£98.0bUK£39.8bUK£2.8b28.7x34.9x2.5x
Sat, 21 Jan 2023UK£96.1bUK£39.7bUK£2.8b29.7x34.6x2.4x
Mon, 19 Dec 2022UK£95.7bUK£39.5bUK£2.8b28.4x34.7x2.4x
Wed, 16 Nov 2022UK£98.5bUK£39.3bUK£2.9b28.6x34.6x2.5x
Price to Earnings Ratio

34.6x


Total Market Cap: UK£98.5bTotal Earnings: UK£2.9bTotal Revenue: UK£39.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Tech Sector Price to Earnings3Y Average 51.9x202320242025
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 56.1x which is higher than its 3-year average PE of 51.9x.
  • 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-0.67%
Tech-3.62%
Software-3.45%
Electronic Equipment and Components-3.46%
Semiconductors-3.70%
IT-4.17%
Tech Hardware-4.73%
Communications-4.89%
Industry PE
  • Investors are most optimistic about the Tech Hardware industry which is trading above its 3-year average PE ratio of 390x.
    • 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 123% over the next 5 years.
  • In contrast, the Software 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
AOM ActiveOpsUK£2.4413.5%
+UK£20.7m		91.4%PE157.8x
SEE Seeing MachinesUK£0.03811.3%
+UK£18.6m		10.0%PS3.9x
DOTD dotdigital GroupUK£0.714.4%
+UK£9.2m		-24.3%PE19.4x
CNS Corero Network SecurityUK£0.09811.4%
+UK£5.1m		-58.9%PS2.8x
RCN RedcentricUK£1.232.5%
+UK£4.8m		5.8%PE72.7x

Latest News

SEE
UK£0.038
Seeing Machines
7D
11.3%
1Y
10.0%

Would Seeing Machines (LON:SEE) Be Better Off With Less Debt?

Nov 08
Would Seeing Machines (LON:SEE) Be Better Off With Less Debt?
SCT
UK£14.81
Softcat
7D
-7.3%
1Y
-11.6%
DOTD
UK£0.71
dotdigital Group
7D
4.4%
1Y
-24.3%
CNS
UK£0.098
Corero Network Security
7D
11.4%
1Y
-58.9%
RCN
UK£1.23
Redcentric
7D
2.5%
1Y
5.8%
OXIG
UK£17.86
Oxford Instruments
7D
-5.6%
1Y
-13.9%

A Look At The Intrinsic Value Of Oxford Instruments plc (LON:OXIG)

Nov 05
A Look At The Intrinsic Value Of Oxford Instruments plc (LON:OXIG)
HLMA
UK£33.92
Halma
7D
-4.3%
1Y
33.6%

Returns At Halma (LON:HLMA) Appear To Be Weighed Down

Nov 05
Returns At Halma (LON:HLMA) Appear To Be Weighed Down
RSW
UK£33.85
Renishaw
7D
-4.2%
1Y
6.4%
RPI
UK£3.41
Raspberry Pi Holdings
7D
-6.1%
1Y
2.3%
AOM
UK£2.44
ActiveOps
7D
13.5%
1Y
91.4%

AOM: Renewed Customer Commitment Expected To Drive Sustained Long-Term Upside

Analysts have maintained their price target for ActiveOps at £2.50, citing minimal changes to key valuation assumptions. These assumptions continue to support their ongoing outlook for the company.
FDM
UK£1.24
FDM Group (Holdings)
7D
3.2%
1Y
-64.4%

Here's What's Concerning About FDM Group (Holdings)'s (LON:FDM) Returns On Capital

Oct 29
Here's What's Concerning About FDM Group (Holdings)'s (LON:FDM) Returns On Capital
KMK
UK£0.073
Kromek Group
7D
9.7%
1Y
12.2%
CCC
UK£27.94
Computacenter
7D
-2.5%
1Y
29.7%

Computacenter plc's (LON:CCC) Shares May Have Run Too Fast Too Soon

Oct 28
Computacenter plc's (LON:CCC) Shares May Have Run Too Fast Too Soon
SGE
UK£11.02
Sage Group
7D
-4.2%
1Y
5.8%
AWE
UK£1.83
Alphawave IP Group
7D
-3.8%
1Y
48.0%
ELCO
UK£1.58
Eleco
7D
3.6%
1Y
15.0%