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U.K. (FTSE) Market Analysis & Valuation

UpdatedSep 19, 2025
DataAggregated Company Financials
Companies1117
  • 7D-0.6%
  • 3M5.1%
  • 1Y9.5%
  • YTD11.2%

In the last week, the market has been flat, with a notable exception in the Healthcare sector dropping 4.9%. More promisingly, the market is up 9.5% over the past year. Looking forward, 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
Fri, 19 Sep 2025UK£2.7tUK£1.9tUK£135.5b16.4x19.7x1.4x
Sun, 17 Aug 2025UK£2.7tUK£1.9tUK£133.8b15.8x19.8x1.4x
Tue, 15 Jul 2025UK£2.5tUK£1.9tUK£127.6b16x19.8x1.3x
Thu, 12 Jun 2025UK£2.5tUK£1.9tUK£127.4b16.5x19.7x1.3x
Sat, 10 May 2025UK£2.4tUK£2.0tUK£130.8b16x18.6x1.2x
Mon, 07 Apr 2025UK£2.3tUK£2.0tUK£136.6b14.5x16.8x1.1x
Wed, 05 Mar 2025UK£2.5tUK£2.0tUK£138.5b15.6x18.1x1.2x
Fri, 31 Jan 2025UK£2.5tUK£2.1tUK£123.5b15.9x20.2x1.2x
Sun, 29 Dec 2024UK£2.4tUK£2.0tUK£122.5b15.9x19.6x1.2x
Tue, 26 Nov 2024UK£2.4tUK£2.0tUK£123.9b16.3x19.7x1.2x
Thu, 24 Oct 2024UK£2.4tUK£2.0tUK£119.2b16.2x20.2x1.2x
Sat, 21 Sep 2024UK£2.4tUK£2.0tUK£118.0b17x20.5x1.2x
Mon, 19 Aug 2024UK£2.4tUK£2.0tUK£121.8b16.8x20.1x1.2x
Wed, 17 Jul 2024UK£2.4tUK£2.0tUK£129.9b16.8x18.6x1.2x
Fri, 14 Jun 2024UK£2.5tUK£2.0tUK£129.8b16.6x18.9x1.2x
Sun, 12 May 2024UK£2.5tUK£2.1tUK£136.5b16.9x18.4x1.2x
Tue, 09 Apr 2024UK£2.4tUK£2.1tUK£145.9b16.1x16.5x1.1x
Thu, 07 Mar 2024UK£2.3tUK£2.0tUK£142.2b15.6x16.3x1.1x
Sat, 03 Feb 2024UK£2.3tUK£2.1tUK£183.4b14.8x12.5x1.1x
Mon, 01 Jan 2024UK£2.3tUK£2.1tUK£193.5b15.1x12.1x1.1x
Wed, 29 Nov 2023UK£2.3tUK£2.1tUK£192.8b14.4x11.7x1.1x
Fri, 27 Oct 2023UK£2.2tUK£2.2tUK£188.7b13.4x11.9x1x
Sun, 24 Sep 2023UK£2.3tUK£2.2tUK£186.8b14.6x12.1x1x
Tue, 22 Aug 2023UK£2.2tUK£2.1tUK£184.1b14.1x12.2x1x
Thu, 20 Jul 2023UK£2.4tUK£2.2tUK£206.6b14.2x11.5x1.1x
Sat, 17 Jun 2023UK£2.4tUK£2.2tUK£207.5b14.3x11.5x1.1x
Mon, 15 May 2023UK£2.4tUK£2.2tUK£211.7b14.4x11.5x1.1x
Wed, 12 Apr 2023UK£2.4tUK£2.2tUK£180.0b13.8x13.6x1.1x
Fri, 10 Mar 2023UK£2.5tUK£2.2tUK£190.1b13.7x13.3x1.1x
Sun, 05 Feb 2023UK£2.5tUK£2.1tUK£185.4b14.2x13.7x1.2x
Tue, 03 Jan 2023UK£2.4tUK£2.1tUK£185.5b13.4x13x1.1x
Thu, 01 Dec 2022UK£2.4tUK£2.1tUK£188.4b13.3x12.9x1.1x
Sat, 29 Oct 2022UK£2.3tUK£2.3tUK£209.5b12.4x11.1x1x
Mon, 26 Sep 2022UK£2.3tUK£2.3tUK£212.0b12.3x11x1x
Price to Earnings Ratio

11x


Total Market Cap: UK£2.3tTotal Earnings: UK£212.0bTotal Revenue: UK£2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Market Price to Earnings3Y Average 15.8x202320242025
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 19.7x which is higher than its 3-year average PE of 15.8x.
Past Earnings Growth
  • The earnings for companies in the British industry have declined 14% per year over the last three years.
  • Revenues have also declined 6.3% 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 Market-0.62%
Tech1.87%
Real Estate1.42%
Industrials0.72%
Financials0.71%
Materials0.61%
Utilities0.39%
Energy-0.48%
Telecom-0.65%
Consumer Discretionary-0.97%
Consumer Staples-2.24%
Healthcare-4.90%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 52.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.5%, which is higher than its past year's earnings growth of 10.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings growth rate of 5.9% per year.
  • In contrast, the Industrials sector is expected to see its earnings grow by 6.3% 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
REL RELXUK£35.404.2%
+UK£2.6b		-2.3%PE33.6xIndustrials
PHP Primary Health PropertiesUK£0.89-0.2%
UK£1.1b		-12.2%PB1.7xReal Estate
HSBA HSBC HoldingsUK£10.190.7%
+UK£1.1b		52.2%PB1.2xFinancials
GLEN GlencoreUK£3.072.9%
+UK£1.0b		-20.9%PS0.2xMaterials
LLOY Lloyds Banking GroupUK£0.842.0%
+UK£945.2m		43.2%PB1.1xFinancials
See more

Market Insights

Header cover image
🥇 Gold Breaks Records While Oil Sinks: Commodities 2025 in Contrast
Richard Bowman avatar
Richard Bowman
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It’s been a while since we checked in on commodity markets, which, like other markets, are having quite the interesting year. In particular, gold continues its march upward, while oil remains in a slump. As for the rest, most have been up and down and ended up close to where they were a year ago. By the end, you’ll see why gold stocks still look cheap despite these record prices — and why oil stocks, oddly enough, look expensive even as crude declines.
Continue reading
🥇 Gold Breaks Records While Oil Sinks: Commodities 2025 in Contrast
Last Week

🥇 Gold Breaks Records While Oil Sinks: Commodities 2025 in Contrast

Latest News

REL
UK£35.40
RELX
7D
4.2%
1Y
-2.3%

Investors Should Be Encouraged By RELX's (LON:REL) Returns On Capital

Sep 19
Investors Should Be Encouraged By RELX's (LON:REL) Returns On Capital
GSK
UK£14.73
GSK
7D
-2.9%
1Y
-6.4%

Market Cool On GSK plc's (LON:GSK) Earnings

Sep 19
Market Cool On GSK plc's (LON:GSK) Earnings
AZN
UK£112.48
AstraZeneca
7D
-5.9%
1Y
-5.5%
BARC
UK£3.85
Barclays
7D
1.3%
1Y
68.9%
DGE
UK£18.16
Diageo
7D
-4.7%
1Y
-28.9%

Global Premium Spirits Expansion Will Reshape Beverage Industry

Diageo's consensus price target has held steady despite a significant contraction in its future P/E multiple and a slight decrease in revenue growth forecasts, resulting in only a marginal reduction in fair value from £23.54 to £23.25. What's in the News Johnnie Walker unveiled a limited edition Blue Label design for the Indian festive season, collaborating with designer Rahul Mishra, available globally and featured in international festive celebrations.
CPG
UK£25.08
Compass Group
7D
-3.9%
1Y
3.6%

Acquisitions Of Dupont Restauration And 4Service Will Create Future Operational Synergies

Despite improved organic revenue growth, strong contract wins, enhanced margin expansion, and robust cash flow generation supporting a positive outlook for Compass Group, analysts have slightly reduced their consensus price target from £27.74 to £27.42. Analyst Commentary Bullish analysts cited improved organic revenue growth trends and resilient contract wins across key regions.
LLOY
UK£0.84
Lloyds Banking Group
7D
2.0%
1Y
43.2%
ULVR
UK£45.50
Unilever
7D
-1.8%
1Y
-6.2%
HLN
UK£3.40
Haleon
7D
-6.6%
1Y
-13.0%

Haleon (LON:HLN) Seems To Use Debt Quite Sensibly

Sep 15
Haleon (LON:HLN) Seems To Use Debt Quite Sensibly
PHP
UK£0.89
Primary Health Properties
7D
-0.2%
1Y
-12.2%
BATS
UK£40.66
British American Tobacco
7D
-3.2%
1Y
43.9%
SHEL
UK£26.23
Shell
7D
-0.9%
1Y
1.1%

LNG Investments And Cost Cuts Will Support Future Energy Resilience

Shell’s consensus price target was slightly reduced to £30.10 as bullish sentiment on strong Q2 results and sector tailwinds was tempered by concerns over near-term momentum, resulting in minor downward revisions rather than a fundamental change in outlook. Analyst Commentary Bullish analysts highlight Shell’s robust second quarter results, emphasizing the company’s distinctive growth prospects, deep resource base, and commitment to sustainable shareholder returns.
ANTO
UK£22.84
Antofagasta
7D
3.8%
1Y
22.9%

Antofagasta (LON:ANTO) Is Doing The Right Things To Multiply Its Share Price

Sep 05
Antofagasta (LON:ANTO) Is Doing The Right Things To Multiply Its Share Price
HSBA
UK£10.19
HSBC Holdings
7D
0.7%
1Y
52.2%

Asian Wealth Management And Trade Networks Will Sustain Future Resilience

Despite an effectively unchanged analyst price target, HSBC Holdings’ future P/E ratio has dropped sharply, indicating improved earnings expectations or reduced valuation risk. What's in the News Hackers attempted to steal $77.4M from Brazilian financial institutions, including HSBC’s local operations; HSBC confirmed no customer accounts or funds were impacted and security measures have been implemented (Bloomberg).
INF
UK£9.34
Informa
7D
5.3%
1Y
9.8%

Digital Transformation And B2B Events Will Unlock Future Value

Informa’s valuation outlook remains stable, with negligible changes in both future P/E and revenue growth forecasts, resulting in an unchanged consensus price target of £10.28. What's in the News Interim dividend increased to 7.0p per share (previously 6.4p); DRIP available.
GLEN
UK£3.07
Glencore
7D
2.9%
1Y
-20.9%

Normalized Copper Production And Argentina Projects Will Shape Future Success

Despite near-term concerns over coal price weakness and commodity volatility, analysts remain divided on Glencore, with operational resilience and medium-term prospects balancing cautious views and leaving the consensus price target unchanged at £3.71. Analyst Commentary Bearish analysts highlight near-term pressure on Glencore's free cash flow resulting from weakness in coal prices.