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U.K. (FTSE) Market Analysis & Valuation

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies1096
  • 7D0.1%
  • 3M5.2%
  • 1Y20.6%
  • YTD18.7%

The market has stayed flat over the 7 days. Meanwhile, the market is actually up 21% over the past year. Earnings are forecast to grow by 14% annually.

Trending IndustriesOil and GasGoldBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Dec 2025UK£2.8tUK£2.0tUK£138.0b16.1x20.5x1.4x
Thu, 27 Nov 2025UK£2.8tUK£2.0tUK£139.6b16.2x19.9x1.4x
Sat, 25 Oct 2025UK£2.8tUK£1.9tUK£135.3b16.7x20.5x1.4x
Mon, 22 Sep 2025UK£2.7tUK£1.9tUK£135.9b16.4x19.6x1.4x
Wed, 20 Aug 2025UK£2.7tUK£1.9tUK£134.2b15.9x19.8x1.4x
Fri, 18 Jul 2025UK£2.5tUK£1.9tUK£127.6b15.9x19.8x1.3x
Sun, 15 Jun 2025UK£2.5tUK£1.9tUK£127.3b16.1x19.7x1.3x
Tue, 13 May 2025UK£2.5tUK£2.0tUK£131.3b15.9x18.7x1.2x
Thu, 10 Apr 2025UK£2.2tUK£2.0tUK£137.0b14.3x16x1.1x
Sat, 08 Mar 2025UK£2.5tUK£2.0tUK£137.6b15.5x18.1x1.2x
Mon, 03 Feb 2025UK£2.5tUK£2.0tUK£124.1b15.9x20.3x1.2x
Wed, 01 Jan 2025UK£2.4tUK£2.0tUK£122.7b15.9x19.6x1.2x
Fri, 29 Nov 2024UK£2.4tUK£2.0tUK£122.9b16.4x19.8x1.2x
Sun, 27 Oct 2024UK£2.4tUK£2.0tUK£123.6b16.2x19.7x1.2x
Tue, 24 Sep 2024UK£2.4tUK£2.0tUK£118.1b16.9x19.9x1.2x
Thu, 22 Aug 2024UK£2.4tUK£2.0tUK£120.1b17x20.3x1.2x
Sat, 20 Jul 2024UK£2.4tUK£2.0tUK£129.3b16.7x18.7x1.2x
Mon, 17 Jun 2024UK£2.4tUK£2.0tUK£130.3b16.4x18.6x1.2x
Wed, 15 May 2024UK£2.5tUK£2.1tUK£135.8b17x18.5x1.2x
Fri, 12 Apr 2024UK£2.4tUK£2.1tUK£147.6b15.9x16.2x1.1x
Sun, 10 Mar 2024UK£2.3tUK£2.1tUK£144.3b15.8x16.2x1.1x
Tue, 06 Feb 2024UK£2.3tUK£2.1tUK£178.7b14.8x12.7x1.1x
Thu, 04 Jan 2024UK£2.3tUK£2.1tUK£194.1b15.1x12x1.1x
Sat, 02 Dec 2023UK£2.3tUK£2.1tUK£193.0b14.4x11.8x1.1x
Mon, 30 Oct 2023UK£2.2tUK£2.2tUK£186.2b13.4x11.8x1x
Wed, 27 Sep 2023UK£2.3tUK£2.2tUK£187.2b14.3x12.5x1.1x
Fri, 25 Aug 2023UK£2.3tUK£2.2tUK£184.8b14.4x12.2x1.1x
Sun, 23 Jul 2023UK£2.4tUK£2.2tUK£206.7b14.1x11.6x1.1x
Tue, 20 Jun 2023UK£2.4tUK£2.2tUK£207.6b14.3x11.4x1.1x
Thu, 18 May 2023UK£2.4tUK£2.2tUK£219.1b14.4x11.1x1.1x
Sat, 15 Apr 2023UK£2.5tUK£2.2tUK£179.8b14x13.7x1.1x
Mon, 13 Mar 2023UK£2.5tUK£2.2tUK£189.2b13.5x13.1x1.1x
Wed, 08 Feb 2023UK£2.5tUK£2.1tUK£192.4b13.9x13.1x1.2x
Fri, 06 Jan 2023UK£2.5tUK£2.1tUK£186.7b13.4x13.2x1.2x
Price to Earnings Ratio

13.2x


Total Market Cap: UK£2.5tTotal Earnings: UK£186.7bTotal Revenue: UK£2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Market Price to Earnings3Y Average 16.6x20242025
Current Market PE
  • Investors are optimistic on the British market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 20.5x which is higher than its 3-year average PE of 16.6x.
Past Earnings Growth
  • The earnings for companies in the British industry have declined 9.6% per year over the last three years.
  • Revenues have also declined 2.7% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the U.K. Market?

GB Market0.13%
Real Estate1.37%
Telecom1.23%
Utilities1.05%
Materials0.84%
Healthcare0.76%
Energy0.33%
Financials0.096%
Consumer Staples-0.40%
Consumer Discretionary-0.57%
Industrials-0.72%
Tech-0.86%
Sector PE
  • Investors favour the Tech sector the most for future growth even though it's trading below its 3-year average PE ratio of 52.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 16.7%, which is higher than its past year's earnings growth of 8.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings growth rate of 5.5% per year.
  • In contrast, the Industrials sector is expected to see its earnings grow by 6.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
AZN AstraZenecaUK£137.480.9%
+UK£1.8b		32.1%PE30.6xHealthcare
AAL Anglo AmericanUK£29.852.8%
+UK£863.3m		12.5%PS1.6xMaterials
KAP National Atomic Company Kazatomprom JSCUS$55.508.4%
+US$1.1b		51.0%PE10.6xEnergy
GLEN GlencoreUK£3.971.7%
+UK£768.2m		12.5%PS0.3xMaterials
NG. National GridUK£11.411.2%
+UK£645.0m		20.9%PE19.7xUtilities
See more

Market Insights

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Latest News

BATS
UK£41.70
British American Tobacco
7D
-1.2%
1Y
45.0%
IHG
UK£103.65
InterContinental Hotels Group
7D
-1.9%
1Y
4.1%

IHG: Future Returns Will Depend On Resilient Model Offsetting Weaker RevPAR

Analysts have nudged their price targets on InterContinental Hotels Group higher, with a roughly 1 percent uplift to fair value and new targets of £80.00 and £90.00 per share. This reflects confidence that the group’s resilient, efficiency driven business model can offset slightly softer growth and margin assumptions.
RR.
UK£11.37
Rolls-Royce Holdings
7D
-1.6%
1Y
99.3%
EXPN
UK£34.31
Experian
7D
1.6%
1Y
0.1%

EXPN: AI Mortgage Opportunity Will Drive Upside As Credit Score Battle Intensifies

Analysts have nudged their price target on Experian slightly higher, to approximately £42.82 from about £42.79, citing the recent share pullback and emerging artificial intelligence driven mortgage opportunities as support for a modestly higher valuation multiple and margin profile. Analyst Commentary Recent commentary reflects a predominantly constructive stance on Experian, with analysts pointing to both cyclical and structural drivers behind the upgraded outlook.
AZN
UK£137.48
AstraZeneca
7D
0.9%
1Y
32.1%
BA.
UK£16.99
BAE Systems
7D
-1.1%
1Y
48.3%

BA.: NATO-Fueled Demand Will Face Execution And Budget Uncertainty

Analysts have raised their price target on BAE Systems by approximately 12 percent to reflect stronger expected revenue growth, slightly higher margins, and robust, geographically diversified demand from NATO countries. This demand is anticipated to support a higher future valuation multiple.
AAL
UK£29.85
Anglo American
7D
2.8%
1Y
12.5%

AAL: Iron Ore Upside And Merger Progress Will Drive Bullish Rerating

Analysts have lifted their price target on Anglo American to about $35 from roughly $28, reflecting improved expectations for revenue growth, higher margins, and a more favorable long term iron ore and valuation outlook following a series of recent target increases from major brokerages. Analyst Commentary Recent research updates highlight a clear shift toward a more constructive stance on Anglo American, with a series of price target increases signaling rising confidence in the company’s earnings trajectory and asset quality.
GLEN
UK£3.97
Glencore
7D
1.7%
1Y
12.5%
ULVR
UK£48.60
Unilever
7D
0.4%
1Y
-4.7%

ULVR: Ice Cream Demerger Delay Will Still Support Future Pricing Power

Analysts have modestly reduced their price target on Unilever to approximately $53.37 from about $56.02, citing slightly lower long term revenue growth expectations and a marginally softer profit margin and valuation outlook, while the discount rate remains broadly unchanged. What's in the News Unilever delayed the planned demerger of its Magnum ice cream unit, attributing the timing change to the U.S. government shutdown, but reiterated confidence in completing the spin off later this year (Reuters).
FRES
UK£31.94
Fresnillo
7D
-2.0%
1Y
418.5%

FRES: Higher Precious Metal Price Hopes Will Likely Overstate Future Earnings Potential

Fresnillo's analyst price target has been lifted sharply, rising from about 950 GBp to a range of 3,000 to 4,300 GBp, as analysts factor in stronger expected revenue growth, higher profit margins and a more constructive long-term precious metals price outlook. Analyst Commentary Recent target price revisions for Fresnillo highlight a wide dispersion in analyst expectations, reflecting divergent views on the sustainability of the company’s earnings recovery and leverage to higher precious metals prices.
GSK
UK£18.23
GSK
7D
0.7%
1Y
36.7%
AHT
UK£51.46
Ashtead Group
7D
-2.4%
1Y
4.4%

AHT: Share Buybacks And Dividends Will Mask Limited Rental Revenue Upside

Analysts have raised their price target on Ashtead Group to approximately £46.00 from about £40.46, reflecting improved expectations for revenue growth and profit margins, along with a slightly higher discount rate and a modestly lower future valuation multiple. What's in the News Ashtead Group has announced a new share repurchase program of up to $1.5 billion, valid until the end of April 2027 (Key Developments).
CPG
UK£23.63
Compass Group
7D
-2.0%
1Y
-10.9%

There's Reason For Concern Over Compass Group PLC's (LON:CPG) Price

Dec 20
There's Reason For Concern Over Compass Group PLC's (LON:CPG) Price
KAP
US$55.50
National Atomic Company Kazatomprom JSC
7D
8.4%
1Y
51.0%

KAP: Higher Revenue Guidance Will Drive Improved Profitability Outlook

Analysts have raised their price target for National Atomic Company Kazatomprom JSC by approximately 11 percent to the equivalent of about 62, reflecting expectations of slightly improved profitability despite a marginally lower long term revenue growth outlook and a higher anticipated future price to earnings multiple. What's in the News Kazatomprom raised its consolidated revenue guidance for 2025 to KZT 1,750 billion to KZT 1,850 billion, up from a prior range of KZT 1,600 billion to KZT 1,700 billion (company guidance) The company confirmed its 2025 production guidance, keeping expected total production at 25,000 tU to 26,500 tU on a 100 percent basis and 13,000 tU to 14,000 tU on an attributable basis, with group sales volume unchanged at 17,500 tU to 18,500 tU (company guidance) Kazatomprom scheduled a special or extraordinary shareholders meeting for December 19, 2025 in Astana to consider approval of a new edition of its Corporate Governance Code (company announcement) Valuation Changes The Fair Value Estimate has risen moderately, from approximately 56.39 to 62.37, reflecting a higher intrinsic value assessment for the shares.
NG.
UK£11.41
National Grid
7D
1.2%
1Y
20.9%

NG.: Dividend Outlook And Regulatory Outcomes Will Shape Returns Ahead

Analysts have modestly raised their price target on National Grid, reflecting a slightly higher fair value estimate of approximately $11.96 as they factor in stronger anticipated revenue growth, partially offset by a small compression in forecast profit margins and future valuation multiples. Analyst Commentary Bullish analysts view the modestly higher price target as a reflection of improving growth visibility for National Grid, particularly as regulated asset base expansion and inflation-linked mechanisms support more resilient top line progression.
DGE
UK£15.90
Diageo
7D
-1.7%
1Y
-36.8%

DGE: Premium Positioning Will Cushion SNAP Headwinds And Support Share Rebound

Analysts have modestly trimmed their fair value estimate for Diageo by about $0.47 per share, citing higher perceived risk to consumer staples demand and slightly softer long term growth and margin assumptions. Analyst Commentary Bullish analysts acknowledge that reduced SNAP benefits and temporary payment disruptions create a near term headwind for staples demand, but they largely view the impact on Diageo as manageable given its premium positioning and global diversification.