Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.K. (FTSE) Market Analysis & Valuation

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies1082
  • 7D-0.2%
  • 3M2.8%
  • 1Y27.3%
  • YTD6.1%

The Information Technology sector gained 3.9% while the market remained flat over the last week. As for the longer term, the market has risen 27% in the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasGoldBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026UK£3.0tUK£2.0tUK£156.9b15.8x19x1.5x
Sat, 14 Mar 2026UK£2.9tUK£2.0tUK£156.9b16x18.4x1.4x
Mon, 09 Feb 2026UK£3.0tUK£1.9tUK£140.6b16.9x21.1x1.5x
Wed, 07 Jan 2026UK£2.9tUK£2.0tUK£137.7b16.5x21x1.5x
Fri, 05 Dec 2025UK£2.8tUK£2.0tUK£139.1b16.2x20.1x1.4x
Sun, 02 Nov 2025UK£2.8tUK£2.0tUK£138.8b16.5x20.1x1.4x
Tue, 30 Sep 2025UK£2.7tUK£1.9tUK£135.9b16.6x19.8x1.4x
Thu, 28 Aug 2025UK£2.7tUK£1.9tUK£135.3b16x19.8x1.4x
Sat, 26 Jul 2025UK£2.6tUK£1.9tUK£125.2b16.3x20.5x1.3x
Mon, 23 Jun 2025UK£2.5tUK£1.9tUK£127.6b16.4x19.4x1.3x
Wed, 21 May 2025UK£2.5tUK£2.0tUK£127.4b16.7x19.6x1.3x
Fri, 18 Apr 2025UK£2.4tUK£2.0tUK£135.0b15.3x17.5x1.2x
Sun, 16 Mar 2025UK£2.5tUK£2.0tUK£137.0b15x18.1x1.2x
Tue, 11 Feb 2025UK£2.5tUK£2.0tUK£124.0b16x20.5x1.2x
Thu, 09 Jan 2025UK£2.4tUK£2.1tUK£123.9b16.1x19.5x1.2x
Sat, 07 Dec 2024UK£2.4tUK£2.0tUK£122.3b16.4x20x1.2x
Mon, 04 Nov 2024UK£2.4tUK£2.0tUK£118.3b16.3x20.4x1.2x
Wed, 02 Oct 2024UK£2.4tUK£2.0tUK£117.8b16.6x20.6x1.2x
Fri, 30 Aug 2024UK£2.5tUK£2.0tUK£119.1b17x20.7x1.2x
Sun, 28 Jul 2024UK£2.4tUK£2.0tUK£127.1b16.5x19.2x1.2x
Tue, 25 Jun 2024UK£2.4tUK£2.0tUK£131.8b16.5x18.5x1.2x
Thu, 23 May 2024UK£2.5tUK£2.0tUK£125.8b17x19.9x1.2x
Sat, 20 Apr 2024UK£2.4tUK£2.1tUK£147.5b15.7x16.1x1.1x
Mon, 18 Mar 2024UK£2.3tUK£2.1tUK£145.0b16.1x16.1x1.1x
Wed, 14 Feb 2024UK£2.2tUK£2.0tUK£144.9b14.9x15.5x1.1x
Fri, 12 Jan 2024UK£2.3tUK£2.1tUK£193.3b14.9x11.9x1.1x
Sun, 10 Dec 2023UK£2.3tUK£2.1tUK£194.1b14.6x11.8x1.1x
Tue, 07 Nov 2023UK£2.2tUK£2.1tUK£193.7b13.8x11.5x1x
Thu, 05 Oct 2023UK£2.3tUK£2.2tUK£186.6b14.1x12.4x1.1x
Sat, 02 Sep 2023UK£2.3tUK£2.2tUK£184.1b14.5x12.5x1.1x
Mon, 31 Jul 2023UK£2.4tUK£2.2tUK£193.6b14.4x12.4x1.1x
Wed, 28 Jun 2023UK£2.3tUK£2.2tUK£208.3b14.1x11.1x1.1x
Fri, 26 May 2023UK£2.4tUK£2.2tUK£216.7b14.2x11.1x1.1x
Sun, 23 Apr 2023UK£2.5tUK£2.2tUK£178.7b14.1x13.9x1.1x
Price to Earnings Ratio

13.9x


Total Market Cap: UK£2.5tTotal Earnings: UK£178.7bTotal 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 optimistic on the British market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 19.0x which is higher than its 3-year average PE of 17.2x.
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 2.8% 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-0.19%
Tech3.92%
Financials1.77%
Real Estate1.05%
Industrials1.04%
Materials-0.065%
Telecom-0.25%
Energy-0.58%
Consumer Discretionary-1.15%
Utilities-1.71%
Healthcare-1.85%
Consumer Staples-3.09%
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 53.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 16.9%, which is higher than its past year's earnings growth of 7.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 47% over the next 5 years.
  • This is better than its past earnings growth rate of 0.7% 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
REL RELXUK£26.363.7%
+UK£1.6b		-32.7%PE22.8xIndustrials
III 3i GroupUK£28.175.9%
+UK£1.6b		-32.0%PE4.6xFinancials
STAN Standard CharteredUK£17.863.5%
+UK£1.4b		75.4%PB1xFinancials
LSEG London Stock Exchange GroupUK£92.503.1%
+UK£1.3b		-18.8%PE36.7xFinancials
KAP National Atomic Company Kazatomprom JSCUS$86.107.9%
+US$1.6b		170.8%PE17.5xEnergy
See more

Market Insights

Header cover image
Is it time to revisit Cybersecurity and Cloud?
Stella Ong avatar
Stella Ong
In 2021, cybersecurity and cloud stocks could do no wrong. Today, they’re operating in a very different environment where stock selection is more important than ever.
Continue reading
What’s happening with Renewables & EVs?

Latest News

SHEL
UK£33.46
Shell
7D
-1.6%
1Y
37.4%
AZN
UK£147.66
AstraZeneca
7D
-3.0%
1Y
44.0%

AZN: Updated Oncology Pipeline Outlook Will Support Multi Year Re Rating

Analysts have lifted their AstraZeneca price targets, with several recent moves in the £500 to £1,000 range. They cite stronger confidence in the earnings outlook and pipeline after updated models and conference follow ups.
WISE
UK£10.84
Wise
7D
11.8%
1Y
11.9%

WISE: Margin Discipline And Earnings Conversion Will Support Premium Future P/E

Wise's refreshed analyst price target edges slightly lower to about £11.60, as analysts factor in updated assumptions around discount rates, revenue growth, profit margins and future P/E following recent target trims and mixed recalibrations from firms such as UBS, JPMorgan and Cantor Fitzgerald. Analyst Commentary Recent research on Wise gives you a split picture, with some firms trimming targets while others stay constructive on the long term opportunity.
RIO
UK£72.43
Rio Tinto Group
7D
-1.2%
1Y
66.4%

RIO: Cautious Tone Will Tighten As Copper And Iron Ore Risks Deepen

Analysts have slightly lowered the fair value estimate for Rio Tinto Group to £57.66 from £58.52, reflecting updated price targets that balance higher revenue and margin assumptions with a modestly higher discount rate and P/E expectations highlighted in recent research. Analyst Commentary Recent Street research on Rio Tinto Group reflects a mix of upgraded and downgraded views, with some firms lifting price targets while others trim expectations or move to more neutral stances.
ANTO
UK£38.90
Antofagasta
7D
3.0%
1Y
150.3%

ANTO: Copper Price Strength Will Support Medium Term Earnings Power

Antofagasta's analyst price target has been revised slightly lower to reflect a modest trim in fair value to £46.99 from £47.82, as analysts balance recent target increases and upgrades with more cautious moves around discount rates, profit margins and future P/E assumptions. Analyst Commentary Recent Street research on Antofagasta shows a mix of raised and trimmed price targets, alongside both upgrades and downgrades.
BATS
UK£41.99
British American Tobacco
7D
-5.1%
1Y
32.4%
CPG
US$27.19
Compass Group
7D
-6.7%
1Y
-19.0%

CPG: Premium P/E And Margins Will Support Upside After Mixed Rating Moves

Analysts have lifted their price target on Compass Group from about $28.62 to roughly $38.60, citing updated fair value assumptions, a slightly higher discount rate, and modest tweaks to revenue growth, profit margin, and future P/E expectations following recent research moves, including an upgrade and a separate target cut. Analyst Commentary Recent research points to a mixed but constructive view on Compass Group, with one upgrade and a separate price target cut feeding into the latest fair value work.
STAN
UK£17.86
Standard Chartered
7D
3.5%
1Y
75.4%

STAN: Future Returns Will Depend On Crypto Brokerage And Disciplined Capital Returns

The analyst price target for Standard Chartered has been trimmed by about £0.29 per share, reflecting updated fair value, discount rate and profitability assumptions as analysts balance slightly higher revenue growth and margin expectations against modestly lower valuation multiples. Analyst Commentary Recent Street research on Standard Chartered reflects a mix of optimism on the bank's earnings potential and some pushback on how much investors should be willing to pay for that growth.
NWG
UK£6.23
NatWest Group
7D
2.4%
1Y
35.5%
LSEG
UK£92.50
London Stock Exchange Group
7D
3.1%
1Y
-18.8%
III
UK£28.17
3i Group
7D
5.9%
1Y
-32.0%

III: Updated Margin Outlook Will Support Durable Returns And Dividend Visibility

Narrative Update on 3i Group The analyst price target for 3i Group has been trimmed by £2.87 to reflect a lower fair value estimate of £38.44. Analysts are factoring in a slightly reduced profit margin outlook, an updated future P/E of 8.27, and mixed recent target changes from Citi, Barclays, Deutsche Bank, and RBC Capital.
NG.
UK£12.94
National Grid
7D
-2.8%
1Y
20.2%

NG.: Grid Optimization And Execution Discipline Will Shape Earnings Resilience And Future P/E

Analysts have raised their price target on National Grid to £13.63 from £13.53, citing slightly higher assumptions for revenue growth, profit margin and future P/E as the main drivers of the change. Analyst Commentary Analysts are updating their views on National Grid in light of the revised price target, with attention on how the company can support its valuation through consistent execution and disciplined capital allocation.
KAP
US$86.10
National Atomic Company Kazatomprom JSC
7D
7.9%
1Y
170.8%
REL
UK£26.36
RELX
7D
3.7%
1Y
-32.7%

REL: Q4 Resilience To AI Concerns Will Support Future Multiple Re Rating

Narrative Update on RELX The updated analyst price target for RELX has shifted slightly, with fair value moving from about £37.14 to around £36.67. Analysts are factoring in a marginally higher discount rate and a slightly lower future P/E multiple, while recent research highlights steady guidance and limited immediate impact from AI related concerns.
IMB
UK£28.30
Imperial Brands
7D
-9.9%
1Y
-4.8%

IMB: Stronger Margins And Higher Future P E Multiple Will Support Upside

Analysts have adjusted their price target on Imperial Brands to £41.80, reflecting updated views on a higher discount rate, a slightly softer revenue growth outlook, a modestly stronger profit margin, and a marginally higher future P/E assumption. What's in the News Reports indicate that progress on a U.S. fast track scheme for nicotine pouches has slowed, affecting the timing of regulatory review for products in this category (Reuters).
RKT
UK£50.08
Reckitt Benckiser Group
7D
-6.3%
1Y
-2.1%

RKT: Future Returns Will Hinge On Emerging Market Mix Execution

Analysts have trimmed the fair value estimate for Reckitt Benckiser Group to £64.42 from £65.63, reflecting recent price target cuts, such as Deutsche Bank's move to £54.60, and a reset of longer term earnings expectations linked to slightly softer revenue growth, a marginally lower profit margin outlook, and a reduced future P/E assumption to 19.99. Analyst Commentary Recent research on Reckitt Benckiser shows a mixed but useful range of views around valuation, execution and growth, with both bullish and bearish analysts adjusting their targets and ratings in response to company specific developments.