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U.K. (FTSE) Market Analysis & Valuation

UpdatedJun 28, 2026
DataAggregated Company Financials
Companies1085
  • 7D1.1%
  • 3M4.0%
  • 1Y18.0%
  • YTD5.2%

The Consumer Staples and Healthcare sectors drove a 1.1% in the market over the last week. On the other hand, with a decline of 4.1%, the Materials sector is lagging behind. The market is up 18% over the last 12 months. Looking forward, earnings are forecast to grow by 11% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Jun 2026UK£2.9tUK£2.0tUK£165.5b15.7x17.8x1.4x
Wed, 27 May 2026UK£3.0tUK£2.0tUK£164.6b16.1x18x1.5x
Fri, 24 Apr 2026UK£3.0tUK£2.0tUK£157.6b16.1x18.8x1.5x
Sun, 22 Mar 2026UK£2.8tUK£2.0tUK£156.7b14.8x17.8x1.4x
Tue, 17 Feb 2026UK£3.0tUK£1.9tUK£145.7b16.6x20.6x1.5x
Thu, 15 Jan 2026UK£2.9tUK£2.0tUK£137.9b16.6x21.1x1.5x
Sat, 13 Dec 2025UK£2.8tUK£2.0tUK£138.3b15.9x20x1.4x
Mon, 10 Nov 2025UK£2.8tUK£2.0tUK£138.1b16.1x20.1x1.4x
Wed, 08 Oct 2025UK£2.7tUK£1.9tUK£135.5b16.7x20.2x1.4x
Fri, 05 Sep 2025UK£2.7tUK£2.0tUK£135.8b16.2x19.6x1.4x
Sun, 03 Aug 2025UK£2.6tUK£2.0tUK£134.5b16.3x19.5x1.3x
Tue, 01 Jul 2025UK£2.5tUK£1.9tUK£126.6b16.4x19.6x1.3x
Thu, 29 May 2025UK£2.5tUK£1.9tUK£125.7b16.4x19.7x1.3x
Sat, 26 Apr 2025UK£2.4tUK£2.0tUK£134.9b15.3x17.7x1.2x
Mon, 24 Mar 2025UK£2.5tUK£2.0tUK£136.4b15.7x18.1x1.2x
Wed, 19 Feb 2025UK£2.5tUK£2.0tUK£139.1b16.5x18.2x1.3x
Fri, 17 Jan 2025UK£2.5tUK£2.1tUK£124.5b15.8x19.7x1.2x
Sun, 15 Dec 2024UK£2.4tUK£2.0tUK£122.5b16.3x19.9x1.2x
Tue, 12 Nov 2024UK£2.4tUK£2.0tUK£118.4b16.3x20.2x1.2x
Thu, 10 Oct 2024UK£2.4tUK£2.0tUK£118.8b16.5x20.3x1.2x
Sat, 07 Sep 2024UK£2.4tUK£2.0tUK£119.2b16.7x20.2x1.2x
Mon, 05 Aug 2024UK£2.4tUK£2.0tUK£124.8b16.7x19.3x1.2x
Wed, 03 Jul 2024UK£2.4tUK£2.0tUK£131.8b16.3x18.3x1.2x
Fri, 31 May 2024UK£2.5tUK£2.0tUK£129.4b17.3x19x1.2x
Sun, 28 Apr 2024UK£2.4tUK£2.1tUK£143.0b16x16.9x1.2x
Tue, 26 Mar 2024UK£2.4tUK£2.1tUK£147.5b16.1x16.4x1.2x
Thu, 22 Feb 2024UK£2.3tUK£2.1tUK£150.5b15.4x15.3x1.1x
Sat, 20 Jan 2024UK£2.3tUK£2.1tUK£193.6b14.6x11.7x1.1x
Mon, 18 Dec 2023UK£2.3tUK£2.1tUK£193.7b15.1x11.9x1.1x
Wed, 15 Nov 2023UK£2.2tUK£2.1tUK£193.3b14.2x11.6x1.1x
Fri, 13 Oct 2023UK£2.3tUK£2.2tUK£186.7b13.9x12.5x1.1x
Sun, 10 Sep 2023UK£2.3tUK£2.2tUK£185.6b14.5x12.4x1.1x
Tue, 08 Aug 2023UK£2.3tUK£2.2tUK£189.1b14.5x12.4x1.1x
Thu, 06 Jul 2023UK£2.3tUK£2.2tUK£208.1b14.1x11.1x1.1x
Price to Earnings Ratio

11.1x


Total Market Cap: UK£2.3tTotal Earnings: UK£208.1bTotal Revenue: UK£2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Market Price to Earnings3Y Average 17.6x202420252026
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 17.6x.
Past Earnings Growth
  • The earnings for companies in the British industry have declined 7.3% per year over the last three years.
  • Revenues have also declined 2.2% 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 Market1.14%
Real Estate6.87%
Healthcare6.15%
Consumer Staples6.06%
Consumer Discretionary3.09%
Utilities2.82%
Financials1.02%
Industrials-0.33%
Telecom-1.05%
Tech-2.02%
Materials-4.09%
Energy-4.23%
Sector PE
  • Investors favour the Telecom sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 25.9%, which is higher than its past year's earnings growth of 3.1% per year.
  • The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 10.2x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings growth rate of 3.1% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 6.9% 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£143.188.2%
+UK£16.8b		40.0%PE28.2xHealthcare
BATS British American TobaccoUK£47.519.5%
+UK£8.9b		38.5%PE13.4xConsumer Staples
ULVR UnileverUK£46.015.4%
+UK£5.1b		-7.7%PE20.3xConsumer Staples
III 3i GroupUK£25.3215.0%
+UK£3.3b		-39.1%PE4.8xFinancials
LLOY Lloyds Banking GroupUK£1.093.9%
+UK£2.4b		42.5%PB1.3xFinancials
See more

Market Insights

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Latest News

LLOY
UK£1.09
Lloyds Banking Group
7D
3.9%
1Y
42.5%
RIO
UK£71.68
Rio Tinto Group
7D
-3.1%
1Y
67.4%
ULVR
UK£46.01
Unilever
7D
5.4%
1Y
-7.7%
SHEL
UK£28.98
Shell
7D
-3.2%
1Y
12.0%
HSBA
UK£14.23
HSBC Holdings
7D
-0.6%
1Y
60.9%
AZN
UK£143.18
AstraZeneca
7D
8.2%
1Y
40.0%
BA.
UK£18.08
BAE Systems
7D
-2.1%
1Y
-2.9%
III
UK£25.32
3i Group
7D
15.0%
1Y
-39.1%
Narrative Update • Jun 26

III: Share Buyback And Dividend Framework Will Support Future Upside Potential

The latest Narrative Update on 3i Group reflects a lower analyst price target, with one key firm cutting its view from £43.00 to £35.27 per share. Analysts are factoring in a revised fair value of £43.00, an 8.16% discount rate, updated revenue growth of 21.54%, a profit margin of 70.31% and a future P/E of 8.63.
GSK
UK£19.83
GSK
7D
3.0%
1Y
41.1%
SGRO
UK£8.80
SEGRO
7D
19.0%
1Y
28.1%
RKT
UK£49.31
Reckitt Benckiser Group
7D
6.9%
1Y
-4.2%
Narrative Update • Jun 24

RKT: Future Returns Will Rely On Resilient Margins And Share Repurchases

Reckitt Benckiser Group’s analyst fair value estimate has edged down slightly, in line with a series of recent price target trims that include Morgan Stanley’s move from £62.00 to £58.00 and Citi’s £8.00 reduction, as analysts reassess assumptions while broadly maintaining a constructive stance on the stock. Analyst Commentary Recent research on Reckitt Benckiser Group has centered on adjustments to price targets and ratings, giving you a clearer picture of how the Street is weighing valuation support against execution risks.
BP.
UK£4.69
BP
7D
-6.8%
1Y
26.7%
GLEN
UK£5.15
Glencore
7D
-7.6%
1Y
79.5%
New Narrative • Jun 19

Copper Expansion And Political Risks Will Reshape Long Term Earnings Profile

Catalysts About Glencore Glencore is a diversified natural resources group involved in mining, processing and marketing of metals, energy products and other commodities. What are the underlying business or industry changes driving this perspective?
LSEG
UK£80.62
London Stock Exchange Group
7D
-4.7%
1Y
-24.7%
Narrative Update • Jun 17

LSEG: Digital Expansion And Share Buybacks Will Support Future Share Price Upside

Analysts have nudged their price targets for London Stock Exchange Group higher, with one recent move adding £1.00 to the prior level. The change reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
AAL
UK£37.18
Anglo American
7D
-4.4%
1Y
72.8%
Narrative Update • Jun 16

AAL: Copper Shift And Iron Ore Risks Will Shape Fairly Balanced Outlook

Anglo American's fair value estimate has moved from £36.80 to £38.39 as analysts adjust price targets higher by several hundred pence and highlight a shift in growth focus toward copper over iron ore, while also reflecting updated assumptions for revenue growth, profit margins and future P/E. Analyst Commentary Recent research on Anglo American highlights a split view, with several bullish analysts lifting price targets while more cautious voices flag earnings pressure in iron ore and execution risks around the shift toward copper.
BATS
UK£47.51
British American Tobacco
7D
9.5%
1Y
38.5%
Narrative Update • Jun 15

BATS: Future Returns Will Reflect Smokeless Transition Progress And Dividend Dependability

Analysts have raised their fair value estimate for British American Tobacco from £46.21 to £50.27. This reflects updated assumptions around discount rates, profit margins and future P/E expectations.