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U.K. (FTSE) Market Analysis & Valuation

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies1084
  • 7D2.0%
  • 3M2.0%
  • 1Y17.9%
  • YTD1.8%

The market is up 2.0% over the last week, with the Healthcare sector leading the way, up 5.1%. As for the past 12 months, the market is up 18%. As for the next few years, earnings are expected to grow by 12% per annum.

Trending IndustriesOil and GasGoldBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Apr 2026UK£2.9tUK£2.0tUK£158.2b15.1x18.4x1.5x
Sat, 28 Feb 2026UK£3.1tUK£2.0tUK£151.7b16.8x20.5x1.6x
Mon, 26 Jan 2026UK£2.9tUK£1.9tUK£137.0b16.8x21.3x1.5x
Wed, 24 Dec 2025UK£2.8tUK£2.0tUK£138.9b16x20.4x1.4x
Fri, 21 Nov 2025UK£2.7tUK£2.0tUK£139.6b16.2x19.6x1.4x
Sun, 19 Oct 2025UK£2.7tUK£1.9tUK£135.4b16.4x19.9x1.4x
Tue, 16 Sep 2025UK£2.7tUK£1.9tUK£135.2b16.6x19.8x1.4x
Thu, 14 Aug 2025UK£2.7tUK£1.9tUK£133.5b15.8x19.9x1.4x
Sat, 12 Jul 2025UK£2.5tUK£1.9tUK£127.0b16.2x19.9x1.3x
Mon, 09 Jun 2025UK£2.5tUK£1.9tUK£127.0b16.2x19.6x1.3x
Wed, 07 May 2025UK£2.4tUK£2.0tUK£130.3b16.1x18.8x1.3x
Fri, 04 Apr 2025UK£2.4tUK£2.0tUK£135.5b15x17.8x1.2x
Sun, 02 Mar 2025UK£2.5tUK£2.0tUK£139.0b15.7x18.2x1.2x
Tue, 28 Jan 2025UK£2.5tUK£2.1tUK£123.4b15.9x20.1x1.2x
Thu, 26 Dec 2024UK£2.4tUK£2.0tUK£122.9b15.9x19.5x1.2x
Sat, 23 Nov 2024UK£2.4tUK£2.1tUK£123.9b16.4x19.6x1.2x
Mon, 21 Oct 2024UK£2.4tUK£2.0tUK£118.7b16.5x20.5x1.2x
Wed, 18 Sep 2024UK£2.4tUK£2.0tUK£118.8b16.7x20.6x1.2x
Fri, 16 Aug 2024UK£2.5tUK£2.0tUK£122.2b16.6x20.1x1.2x
Sun, 14 Jul 2024UK£2.4tUK£2.0tUK£129.8b17x18.8x1.2x
Tue, 11 Jun 2024UK£2.5tUK£2.0tUK£129.9b16.7x18.9x1.2x
Thu, 09 May 2024UK£2.5tUK£2.1tUK£137.4b16.7x18.1x1.2x
Sat, 06 Apr 2024UK£2.4tUK£2.1tUK£146.0b16x16.4x1.1x
Mon, 04 Mar 2024UK£2.3tUK£2.0tUK£142.0b15.3x16.3x1.1x
Wed, 31 Jan 2024UK£2.3tUK£2.1tUK£192.5b14.9x12x1.1x
Fri, 29 Dec 2023UK£2.3tUK£2.1tUK£193.6b15x12.1x1.1x
Sun, 26 Nov 2023UK£2.3tUK£2.1tUK£193.7b14.4x11.7x1.1x
Tue, 24 Oct 2023UK£2.3tUK£2.2tUK£186.6b13.5x12.1x1x
Thu, 21 Sep 2023UK£2.4tUK£2.2tUK£185.2b14.6x12.8x1.1x
Sat, 19 Aug 2023UK£2.2tUK£2.1tUK£184.2b14.2x12.2x1.1x
Mon, 17 Jul 2023UK£2.3tUK£2.2tUK£204.7b14x11.3x1.1x
Wed, 14 Jun 2023UK£2.4tUK£2.2tUK£209.6b14.3x11.3x1.1x
Fri, 12 May 2023UK£2.4tUK£2.2tUK£210.8b14.4x11.5x1.1x
Sun, 09 Apr 2023UK£2.4tUK£2.2tUK£180.0b13.8x13.5x1.1x
Price to Earnings Ratio

13.5x


Total Market Cap: UK£2.4tTotal Earnings: UK£180.0bTotal Revenue: UK£2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Market Price to Earnings3Y Average 17.2x202420252026
Current Market PE
  • Investors are relatively neutral on the British market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 17.1x.
Past Earnings Growth
  • The earnings for companies in the British industry have declined 4.3% per year over the last three years.
  • Revenues have also declined 2.6% 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 Market2.42%
Materials5.40%
Healthcare4.90%
Utilities3.32%
Financials3.13%
Industrials2.62%
Tech2.34%
Consumer Discretionary1.14%
Real Estate1.02%
Energy0.73%
Telecom0.70%
Consumer Staples-1.62%
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 53.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 17.1%, which is higher than its past year's earnings growth of 7.9% 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 decline of 3.0% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 6.8% 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£150.226.8%
+UK£14.9b		33.8%PE30.3xHealthcare
HSBA HSBC HoldingsUK£12.876.2%
+UK£12.9b		45.7%PB1.5xFinancials
RIO Rio Tinto GroupUK£71.188.5%
+UK£9.0b		54.7%PE15.4xMaterials
BA. BAE SystemsUK£22.956.4%
+UK£4.1b		46.1%PE33.3xIndustrials
NWG NatWest GroupUK£5.837.4%
+UK£3.2b		25.8%PB1.1xFinancials
See more

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Latest News

GSK
UK£21.07
GSK
7D
2.6%
1Y
47.0%
AZN
UK£150.22
AstraZeneca
7D
6.8%
1Y
33.8%
HSBA
UK£12.87
HSBC Holdings
7D
6.2%
1Y
45.7%

HSBA: Future Returns Will Hinge On Succession Outcomes And Capital Allocation Discipline

Analysts have nudged their price targets on HSBC Holdings higher, with moves such as JPMorgan's shift from £9.50 to £10.10 and Citi's increase from £11.20 to £11.60. They cited confidence in the bank's Q3 delivery, progress on cost growth toward a 3% target for 2025, and expectations for at least 15% return on equity in 2025.
BARC
UK£4.09
Barclays
7D
3.8%
1Y
37.9%
RIO
UK£71.18
Rio Tinto Group
7D
8.5%
1Y
54.7%
III
UK£25.84
3i Group
7D
-7.4%
1Y
-29.1%
ULVR
UK£41.87
Unilever
7D
-7.4%
1Y
-19.9%
GLEN
UK£5.63
Glencore
7D
4.3%
1Y
98.8%
NWG
UK£5.83
NatWest Group
7D
7.4%
1Y
25.8%
AV.
UK£6.19
Aviva
7D
-0.9%
1Y
10.7%
BKG
UK£31.04
Berkeley Group Holdings
7D
-11.1%
1Y
-12.7%
AAF
UK£3.52
Airtel Africa
7D
-3.8%
1Y
109.8%
BATS
UK£43.13
British American Tobacco
7D
-1.1%
1Y
38.2%
BA.
UK£22.95
BAE Systems
7D
6.4%
1Y
46.1%
PRU
UK£10.84
Prudential
7D
-0.9%
1Y
29.5%
GAW
UK£176.00
Games Workshop Group
7D
-4.7%
1Y
26.1%