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U.K. (FTSE) Market Analysis & Valuation

UpdatedSep 17, 2025
DataAggregated Company Financials
Companies1117
  • 7D-0.5%
  • 3M3.9%
  • 1Y9.5%
  • YTD10.8%

The market has been flat in the last week, however the Healthcare sector is down 4.3%. As for the longer term, the market has risen 9.5% in the past 12 months. As for the next few years, earnings are expected to grow by 14% 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
Wed, 17 Sep 2025UK£2.7tUK£1.9tUK£135.1b16.4x19.7x1.4x
Fri, 15 Aug 2025UK£2.7tUK£1.9tUK£133.9b15.9x19.9x1.4x
Sun, 13 Jul 2025UK£2.5tUK£1.9tUK£127.3b16.1x19.8x1.3x
Tue, 10 Jun 2025UK£2.5tUK£1.9tUK£127.3b16.5x19.6x1.3x
Thu, 08 May 2025UK£2.4tUK£2.0tUK£130.6b16x18.7x1.2x
Sat, 05 Apr 2025UK£2.3tUK£2.0tUK£136.6b14.5x16.8x1.1x
Mon, 03 Mar 2025UK£2.5tUK£2.0tUK£139.0b15.7x18.2x1.2x
Wed, 29 Jan 2025UK£2.5tUK£2.1tUK£123.6b16x20.1x1.2x
Fri, 27 Dec 2024UK£2.4tUK£2.0tUK£123.1b15.9x19.4x1.2x
Sun, 24 Nov 2024UK£2.4tUK£2.1tUK£124.0b16.4x19.6x1.2x
Tue, 22 Oct 2024UK£2.4tUK£2.0tUK£119.0b16.3x20.4x1.2x
Thu, 19 Sep 2024UK£2.4tUK£2.0tUK£118.7b16.7x20.4x1.2x
Sat, 17 Aug 2024UK£2.4tUK£2.0tUK£121.7b16.8x20.1x1.2x
Mon, 15 Jul 2024UK£2.4tUK£2.0tUK£129.8b17x18.8x1.2x
Wed, 12 Jun 2024UK£2.4tUK£2.0tUK£129.8b16.5x18.7x1.2x
Fri, 10 May 2024UK£2.5tUK£2.1tUK£136.4b16.8x18.3x1.2x
Sun, 07 Apr 2024UK£2.4tUK£2.1tUK£146.0b16x16.4x1.1x
Tue, 05 Mar 2024UK£2.3tUK£2.0tUK£141.9b15.2x16.2x1.1x
Thu, 01 Feb 2024UK£2.3tUK£2.1tUK£191.9b14.9x12x1.1x
Sat, 30 Dec 2023UK£2.4tUK£2.1tUK£193.5b15x12.2x1.1x
Mon, 27 Nov 2023UK£2.3tUK£2.1tUK£193.6b14.4x11.7x1.1x
Wed, 25 Oct 2023UK£2.3tUK£2.2tUK£187.3b13.4x12x1x
Fri, 22 Sep 2023UK£2.4tUK£2.2tUK£186.2b14.6x12.7x1.1x
Sun, 20 Aug 2023UK£2.2tUK£2.1tUK£184.1b14.2x12.2x1x
Tue, 18 Jul 2023UK£2.3tUK£2.2tUK£204.9b13.8x11.3x1.1x
Thu, 15 Jun 2023UK£2.4tUK£2.2tUK£208.6b14.3x11.4x1.1x
Sat, 13 May 2023UK£2.4tUK£2.2tUK£212.0b14.4x11.5x1.1x
Mon, 10 Apr 2023UK£2.4tUK£2.2tUK£179.9b13.8x13.5x1.1x
Wed, 08 Mar 2023UK£2.5tUK£2.2tUK£190.8b13.8x13.3x1.1x
Fri, 03 Feb 2023UK£2.5tUK£2.1tUK£184.8b14.3x13.5x1.2x
Sun, 01 Jan 2023UK£2.4tUK£2.1tUK£185.2b13.4x13x1.1x
Tue, 29 Nov 2022UK£2.4tUK£2.1tUK£187.4b13.4x12.9x1.1x
Thu, 27 Oct 2022UK£2.3tUK£2.3tUK£202.4b12.3x11.5x1x
Sat, 24 Sep 2022UK£2.3tUK£2.3tUK£212.3b12.3x10.9x1x
Price to Earnings Ratio

10.9x


Total Market Cap: UK£2.3tTotal Earnings: UK£212.3bTotal 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 6.4% 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-0.50%
Materials1.96%
Utilities1.30%
Industrials1.27%
Financials0.48%
Real Estate-0.037%
Consumer Discretionary-0.39%
Energy-0.65%
Tech-0.97%
Telecom-1.54%
Consumer Staples-2.32%
Healthcare-4.31%
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 20.2%, 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 6.2% 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
BA. BAE SystemsUK£19.9711.4%
+UK£6.1b		56.8%PE30.1xIndustrials
HSBA HSBC HoldingsUK£10.022.3%
+UK£3.8b		51.3%PB1.2xFinancials
RR. Rolls-Royce HoldingsUK£11.314.0%
+UK£3.6b		128.4%PE16.4xIndustrials
PHP Primary Health PropertiesUK£0.900.2%
+UK£1.1b		-11.3%PB1.7xReal Estate
GLEN GlencoreUK£3.113.0%
+UK£1.0b		-18.1%PS0.2xMaterials
See more

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Latest News

DGE
UK£18.41
Diageo
7D
-5.4%
1Y
-27.1%
LLOY
UK£0.83
Lloyds Banking Group
7D
1.7%
1Y
41.6%
ULVR
UK£45.42
Unilever
7D
-1.8%
1Y
-8.0%
LSEG
UK£85.60
London Stock Exchange Group
7D
-3.0%
1Y
-17.9%
HLN
UK£3.40
Haleon
7D
-5.7%
1Y
-14.4%

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

Sep 15
Haleon (LON:HLN) Seems To Use Debt Quite Sensibly
PHP
UK£0.90
Primary Health Properties
7D
0.2%
1Y
-11.3%
ABF
UK£19.78
Associated British Foods
7D
-11.7%
1Y
-11.8%

Associated British Foods' (LON:ABF) Returns Have Hit A Wall

Sep 12
Associated British Foods' (LON:ABF) Returns Have Hit A Wall
RR.
UK£11.31
Rolls-Royce Holdings
7D
4.0%
1Y
128.4%
AZN
UK£113.46
AstraZeneca
7D
-5.3%
1Y
-5.2%
AAL
UK£25.76
Anglo American
7D
3.5%
1Y
6.2%

Electrification And Decarbonization Will Boost Copper And Iron Ore Demand

The consensus price target for Anglo American has been raised to £23.13 as analysts cite the transformative merger with Teck Resources—making it a top-five global copper producer—as a catalyst for improved scale, growth prospects, and earnings outlook. Analyst Commentary The merger of equals between Anglo American and Teck Resources transforms the company into the world’s fifth-largest copper producer, significantly improving scale and growth prospects.
SHEL
UK£26.37
Shell
7D
-1.0%
1Y
3.0%

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
4.1%
1Y
28.1%

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
BA.
UK£19.97
BAE Systems
7D
11.4%
1Y
56.8%

BAE Systems' (LON:BA.) Dividend Will Be £0.135

Sep 05
BAE Systems' (LON:BA.) Dividend Will Be £0.135
HSBA
UK£10.02
HSBC Holdings
7D
2.3%
1Y
51.3%

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).
GLEN
UK£3.11
Glencore
7D
3.0%
1Y
-18.1%

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.
EXPN
UK£37.61
Experian
7D
-4.5%
1Y
-1.6%