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U.K. (FTSE) Market Analysis & Valuation

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies1101
  • 7D0.6%
  • 3M6.4%
  • 1Y18.8%
  • YTD17.3%

The Healthcare sector gained 3.3% while the market remained flat over the last week. More promisingly, the market is up 19% over the past year. Looking forward, earnings are forecast to grow by 15% 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, 11 Nov 2025UK£2.8tUK£2.0tUK£138.1b16.4x20.3x1.4x
Thu, 09 Oct 2025UK£2.7tUK£1.9tUK£135.6b16.8x20.3x1.4x
Sat, 06 Sep 2025UK£2.7tUK£1.9tUK£135.6b16.4x19.7x1.4x
Mon, 04 Aug 2025UK£2.6tUK£2.0tUK£134.5b16.3x19.5x1.3x
Wed, 02 Jul 2025UK£2.5tUK£1.9tUK£126.6b16.4x19.6x1.3x
Fri, 30 May 2025UK£2.5tUK£1.9tUK£127.3b16.1x19.4x1.3x
Sun, 27 Apr 2025UK£2.4tUK£2.0tUK£134.9b15.3x17.7x1.2x
Tue, 25 Mar 2025UK£2.5tUK£2.0tUK£136.0b15.6x18.1x1.2x
Thu, 20 Feb 2025UK£2.5tUK£2.0tUK£139.1b16.5x18.2x1.3x
Sat, 18 Jan 2025UK£2.5tUK£2.1tUK£125.0b16x19.9x1.2x
Mon, 16 Dec 2024UK£2.4tUK£2.0tUK£122.5b16.3x19.9x1.2x
Wed, 13 Nov 2024UK£2.4tUK£2.0tUK£119.1b16.3x19.9x1.2x
Fri, 11 Oct 2024UK£2.4tUK£2.0tUK£118.9b16.3x20.2x1.2x
Sun, 08 Sep 2024UK£2.4tUK£2.0tUK£119.2b16.7x20.2x1.2x
Tue, 06 Aug 2024UK£2.4tUK£2.0tUK£125.3b16.2x18.8x1.2x
Thu, 04 Jul 2024UK£2.4tUK£2.0tUK£131.0b16.7x18.4x1.2x
Sat, 01 Jun 2024UK£2.5tUK£2.0tUK£129.3b17.3x19.1x1.2x
Mon, 29 Apr 2024UK£2.4tUK£2.1tUK£143.7b16x16.9x1.2x
Wed, 27 Mar 2024UK£2.4tUK£2.1tUK£146.3b16.3x16.4x1.1x
Fri, 23 Feb 2024UK£2.3tUK£2.0tUK£143.2b15.4x16.1x1.1x
Sun, 21 Jan 2024UK£2.3tUK£2.1tUK£193.6b14.6x11.7x1.1x
Tue, 19 Dec 2023UK£2.3tUK£2.1tUK£194.1b14.9x11.8x1.1x
Thu, 16 Nov 2023UK£2.3tUK£2.1tUK£193.7b14.3x11.7x1.1x
Sat, 14 Oct 2023UK£2.3tUK£2.2tUK£187.0b13.8x12.4x1.1x
Mon, 11 Sep 2023UK£2.3tUK£2.2tUK£185.6b14.5x12.4x1.1x
Wed, 09 Aug 2023UK£2.3tUK£2.2tUK£189.4b14.4x12.3x1.1x
Fri, 07 Jul 2023UK£2.3tUK£2.2tUK£208.2b13.9x10.9x1x
Sun, 04 Jun 2023UK£2.4tUK£2.2tUK£212.0b14.3x11.2x1.1x
Tue, 02 May 2023UK£2.5tUK£2.2tUK£179.2b14.4x13.8x1.1x
Thu, 30 Mar 2023UK£2.4tUK£2.2tUK£182.8b13.6x13x1.1x
Sat, 25 Feb 2023UK£2.5tUK£2.2tUK£194.7b13.7x13x1.2x
Mon, 23 Jan 2023UK£2.5tUK£2.1tUK£183.6b13.7x13.6x1.2x
Wed, 21 Dec 2022UK£2.4tUK£2.1tUK£185.1b13.3x12.9x1.1x
Fri, 18 Nov 2022UK£2.4tUK£2.3tUK£209.2b12.8x11.5x1x
Price to Earnings Ratio

11.5x


Total Market Cap: UK£2.4tTotal Earnings: UK£209.2bTotal Revenue: UK£2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Market Price to Earnings3Y Average 16.2x202320242025
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 20.3x which is higher than its 3-year average PE of 16.2x.
Past Earnings Growth
  • The earnings for companies in the British industry have declined 13% per year over the last three years.
  • Revenues have also declined 5.0% 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 Market0.60%
Healthcare3.33%
Real Estate2.53%
Consumer Staples1.88%
Utilities1.84%
Energy1.47%
Financials0.98%
Materials0.30%
Consumer Discretionary-0.98%
Telecom-1.28%
Industrials-2.57%
Tech-3.94%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 52.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 21.5%, which is higher than its past year's earnings growth of 11.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 35% 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 6.6% 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£131.266.2%
+UK£11.8b		31.5%PE28.5xHealthcare
HSBA HSBC HoldingsUK£10.891.9%
+UK£3.4b		55.7%PB1.3xFinancials
BATS British American TobaccoUK£41.643.9%
+UK£3.4b		52.0%PE29.8xConsumer Staples
BP. BPUK£4.643.7%
+UK£2.5b		24.4%PE61.8xEnergy
LLOY Lloyds Banking GroupUK£0.933.9%
+UK£2.0b		70.4%PB1.2xFinancials
See more

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RMV
UK£5.63
Rightmove
7D
-16.4%
1Y
-4.8%
AZN
UK£131.26
AstraZeneca
7D
6.2%
1Y
31.5%
NG.
UK£11.65
National Grid
7D
2.7%
1Y
17.8%

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Nov 09
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IAG
UK£3.79
International Consolidated Airlines Group
7D
-11.4%
1Y
58.1%
BATS
UK£41.64
British American Tobacco
7D
3.9%
1Y
52.0%
SN.
UK£12.71
Smith & Nephew
7D
-9.0%
1Y
35.5%
NWG
UK£6.09
NatWest Group
7D
4.1%
1Y
54.2%

NWG: Improved Profitability And Capital Returns Will Drive Shares Despite Revenue Pressure

NatWest Group's analyst price target has been upgraded from £6.05 to £6.37 per share. This reflects analysts' expectations for improved profitability and steady capital returns, despite slightly slower anticipated revenue growth.
BP.
UK£4.64
BP
7D
3.7%
1Y
24.4%
SHEL
UK£28.70
Shell
7D
1.0%
1Y
12.5%

SHEL: Future Performance Will Reflect Capital Returns and Energy Sector Uncertainties

Shell's analyst price target has increased from $80 to $82. Analysts cite stronger-than-expected operational and trading performance, improved profit margins, and a lower discount rate, which are supporting upward revisions in fair value estimates.
REL
UK£31.80
RELX
7D
-5.1%
1Y
-14.1%

REL: GenAI Will Accelerate Legal Segment Gains Amid Heightened Competition

RELX's analyst price target has been revised downward by analysts, reflecting a shift from £44.18 to £44.18 per share. Recent research highlights sector competition and evolving growth expectations, despite ongoing gains from technological advances.
LLOY
UK£0.93
Lloyds Banking Group
7D
3.9%
1Y
70.4%

LLOY: Upgraded Outlook Will Balance Revenue Gains and Buyback with Execution Risks

Analysts have raised their price target on Lloyds Banking Group from £0.91 to £0.94 per share. They cite stronger anticipated revenue growth, improved profit margins, and a modestly lower discount rate as key factors supporting the upgrade.
BA.
UK£18.22
BAE Systems
7D
-2.2%
1Y
30.7%

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RIO
UK£53.01
Rio Tinto Group
7D
-1.1%
1Y
9.3%

RIO: Steady Copper And Iron Ore Outlook Will Offset Operational And Governance Risks

Rio Tinto Group’s analyst price target has been adjusted upward from £54.85 to £56.23. This reflects analysts’ expectations for steady fundamentals in light of recent incremental changes in revenue growth and profit margin forecasts.
HSBA
UK£10.89
HSBC Holdings
7D
1.9%
1Y
55.7%

HSBA: Revenue Momentum And Margin Improvement Will Support Near-Term Stability

HSBC Holdings' analyst fair value price target has increased from £9.96 to £10.66. This reflects analysts' growing optimism due to recent upward earnings revisions, margin improvement, and a strengthened revenue outlook.
LSEG
UK£90.72
London Stock Exchange Group
7D
-4.6%
1Y
-16.1%

LSEG: Expansion Into Blockchain And AI Will Drive Future Performance

The analyst fair value estimate for London Stock Exchange Group has increased modestly from £120.20 to £123.11 per share, as analysts highlight improved revenue growth and profitability forecasts. Analyst Commentary Recent updates from major research firms reflect a spectrum of views on the outlook for London Stock Exchange Group.
III
UK£43.02
3i Group
7D
-1.9%
1Y
24.4%

III: Resilient Retail Exposure And Compounding Set To Sustain Long-Term Momentum

Analysts have raised their price target for 3i Group slightly from £46.48 to £46.65, citing the company's robust growth trajectory and the strength of its leading retail investment. Analyst Commentary Bullish Takeaways Bullish analysts highlight the company's prominent stake in a leading European discount variety retailer, viewing it as a key driver for long-term growth.