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U.K. (FTSE) Market Analysis & Valuation

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies1082
  • 7D1.7%
  • 3M4.0%
  • 1Y29.5%
  • YTD6.1%

The market is up 1.7% over the last week, with the Financials sector leading the way, up 4.4%. The market is up 30% over the last 12 months. 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
Wed, 15 Apr 2026UK£3.0tUK£2.0tUK£157.2b15.8x19x1.5x
Fri, 13 Mar 2026UK£2.9tUK£2.0tUK£156.3b15.8x18.6x1.5x
Sun, 08 Feb 2026UK£3.0tUK£1.9tUK£140.6b16.9x21.1x1.5x
Tue, 06 Jan 2026UK£2.9tUK£2.0tUK£137.6b16.5x20.8x1.5x
Thu, 04 Dec 2025UK£2.8tUK£2.0tUK£139.2b16.2x20x1.4x
Sat, 01 Nov 2025UK£2.8tUK£2.0tUK£139.2b16.5x20x1.4x
Mon, 29 Sep 2025UK£2.7tUK£1.9tUK£135.9b16.6x19.7x1.4x
Wed, 27 Aug 2025UK£2.7tUK£1.9tUK£134.5b16x20x1.4x
Fri, 25 Jul 2025UK£2.6tUK£1.9tUK£127.0b16.1x20.3x1.3x
Sun, 22 Jun 2025UK£2.5tUK£1.9tUK£127.6b16.4x19.5x1.3x
Tue, 20 May 2025UK£2.5tUK£2.0tUK£132.9b16.5x18.7x1.3x
Thu, 17 Apr 2025UK£2.4tUK£2.0tUK£134.8b15.3x17.5x1.2x
Sat, 15 Mar 2025UK£2.5tUK£2.0tUK£137.0b15x18.1x1.2x
Mon, 10 Feb 2025UK£2.5tUK£2.0tUK£123.9b16x20.3x1.2x
Wed, 08 Jan 2025UK£2.4tUK£2.1tUK£123.2b16.2x19.6x1.2x
Fri, 06 Dec 2024UK£2.5tUK£2.0tUK£122.4b16.3x20x1.2x
Sun, 03 Nov 2024UK£2.4tUK£2.0tUK£118.3b16.3x20.4x1.2x
Tue, 01 Oct 2024UK£2.4tUK£2.0tUK£117.8b16.8x20.6x1.2x
Thu, 29 Aug 2024UK£2.5tUK£2.0tUK£119.5b17x20.5x1.2x
Sat, 27 Jul 2024UK£2.4tUK£2.0tUK£126.6b16.5x19.3x1.2x
Mon, 24 Jun 2024UK£2.4tUK£2.0tUK£132.0b16.7x18.4x1.2x
Wed, 22 May 2024UK£2.5tUK£2.0tUK£125.6b17.2x20x1.2x
Fri, 19 Apr 2024UK£2.4tUK£2.1tUK£147.5b15.7x16.1x1.1x
Sun, 17 Mar 2024UK£2.3tUK£2.1tUK£144.9b16.1x16.1x1.1x
Tue, 13 Feb 2024UK£2.3tUK£2.0tUK£144.7b15x15.6x1.1x
Thu, 11 Jan 2024UK£2.3tUK£2.1tUK£193.5b15.1x12x1.1x
Sat, 09 Dec 2023UK£2.3tUK£2.1tUK£194.2b14.6x11.7x1.1x
Mon, 06 Nov 2023UK£2.2tUK£2.1tUK£193.8b14x11.6x1x
Wed, 04 Oct 2023UK£2.3tUK£2.2tUK£187.0b14.2x12.3x1.1x
Fri, 01 Sep 2023UK£2.3tUK£2.2tUK£186.5b14.5x12.5x1.1x
Sun, 30 Jul 2023UK£2.4tUK£2.2tUK£193.5b14.4x12.4x1.1x
Tue, 27 Jun 2023UK£2.3tUK£2.2tUK£208.5b14x11.1x1.1x
Thu, 25 May 2023UK£2.4tUK£2.2tUK£216.7b14.2x11.1x1.1x
Sat, 22 Apr 2023UK£2.5tUK£2.2tUK£178.9b14.1x13.8x1.1x
Price to Earnings Ratio

13.8x


Total Market Cap: UK£2.5tTotal Earnings: UK£178.9bTotal 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 4.2% per year over the last three years.
  • Revenues have also declined 2.7% 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 Market1.71%
Financials4.37%
Tech3.79%
Materials3.51%
Industrials2.91%
Telecom2.25%
Real Estate2.25%
Consumer Staples0.80%
Consumer Discretionary0.57%
Utilities-0.65%
Healthcare-1.16%
Energy-1.68%
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 17.1%, which is higher than its past year's earnings growth of 7.8% 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 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
RR. Rolls-Royce HoldingsUK£13.1214.8%
+UK£14.0b		79.3%PE18.6xIndustrials
HSBA HSBC HoldingsUK£13.456.1%
+UK£13.3b		71.6%PB1.6xFinancials
BARC BarclaysUK£4.439.2%
+UK£5.1b		58.6%PB0.8xFinancials
NWG NatWest GroupUK£6.2810.3%
+UK£4.7b		37.4%PB1.2xFinancials
ANTO AntofagastaUK£38.7512.7%
+UK£4.3b		152.2%PE39xMaterials
See more

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BP.
UK£5.65
BP
7D
-5.4%
1Y
63.0%
BARC
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Barclays
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9.2%
1Y
58.6%
GSK
UK£21.90
GSK
7D
4.5%
1Y
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BA.
UK£22.32
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7D
-1.8%
1Y
28.0%
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UK£42.24
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1Y
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CPG
US$27.25
Compass Group
7D
-3.9%
1Y
-19.5%

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STAN
UK£17.63
Standard Chartered
7D
12.0%
1Y
72.0%

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SHEL
UK£33.76
Shell
7D
-5.4%
1Y
42.3%
ANTO
UK£38.75
Antofagasta
7D
12.7%
1Y
152.2%
NWG
UK£6.28
NatWest Group
7D
10.3%
1Y
37.4%
LLOY
UK£1.03
Lloyds Banking Group
7D
7.6%
1Y
45.5%

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HLN
UK£3.57
Haleon
7D
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1Y
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TSCO
UK£4.70
Tesco
7D
-2.2%
1Y
36.0%

TSCO: Future Returns Will Depend On Margins And Modest Multiple Expectations

Analysts have made a modest upward adjustment to Tesco's price target, reflecting slightly higher fair value estimates around £4.89, a small change to assumed discount rates and growth, and a marginally lower future P/E multiple. Analyst Commentary Recent research updates on Tesco highlight a mix of optimism around fair value and some caution on execution and near term risks.
IMB
UK£29.33
Imperial Brands
7D
-6.6%
1Y
-0.7%

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

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HSBA
UK£13.45
HSBC Holdings
7D
6.1%
1Y
71.6%

HSBA: Future Returns Will Hinge On Cost Discipline And Execution Quality

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RR.
UK£13.12
Rolls-Royce Holdings
7D
14.8%
1Y
79.3%

RR.: FY25 Beat And New Buyback Plan Will Support Stronger Outlook

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