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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 1.9% over the last week, with the Financials sector leading the way, up 4.2%. The market is up 30% over the last 12 months. 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
Tue, 14 Apr 2026UK£3.0tUK£2.0tUK£157.2b15.8x19x1.5x
Thu, 12 Mar 2026UK£2.9tUK£2.0tUK£155.2b16x18.9x1.5x
Sat, 07 Feb 2026UK£3.0tUK£1.9tUK£140.7b16.9x21.1x1.5x
Mon, 05 Jan 2026UK£2.8tUK£2.0tUK£138.0b16.3x20.6x1.5x
Wed, 03 Dec 2025UK£2.8tUK£2.0tUK£139.9b16.2x20.1x1.4x
Fri, 31 Oct 2025UK£2.8tUK£2.0tUK£137.6b16.5x20.4x1.4x
Sun, 28 Sep 2025UK£2.7tUK£1.9tUK£135.9b16.6x19.7x1.4x
Tue, 26 Aug 2025UK£2.7tUK£1.9tUK£134.1b16.1x20.1x1.4x
Thu, 24 Jul 2025UK£2.6tUK£1.9tUK£126.9b16.1x20.1x1.3x
Sat, 21 Jun 2025UK£2.5tUK£1.9tUK£127.6b16.4x19.5x1.3x
Mon, 19 May 2025UK£2.5tUK£2.0tUK£133.0b16.5x18.6x1.3x
Wed, 16 Apr 2025UK£2.3tUK£2.0tUK£134.8b15.2x17.4x1.2x
Fri, 14 Mar 2025UK£2.4tUK£2.0tUK£137.3b15x17.8x1.2x
Sun, 09 Feb 2025UK£2.5tUK£2.0tUK£123.9b16x20.3x1.2x
Tue, 07 Jan 2025UK£2.4tUK£2.0tUK£123.0b15.9x19.7x1.2x
Thu, 05 Dec 2024UK£2.4tUK£2.0tUK£122.6b16.4x20x1.2x
Sat, 02 Nov 2024UK£2.4tUK£2.0tUK£118.3b16.3x20.4x1.2x
Mon, 30 Sep 2024UK£2.5tUK£2.0tUK£117.8b17x20.8x1.2x
Wed, 28 Aug 2024UK£2.5tUK£2.0tUK£119.2b17x20.6x1.2x
Fri, 26 Jul 2024UK£2.4tUK£2.0tUK£129.7b16.3x18.6x1.2x
Sun, 23 Jun 2024UK£2.4tUK£2.0tUK£132.0b16.7x18.4x1.2x
Tue, 21 May 2024UK£2.5tUK£2.0tUK£125.5b17.2x20.1x1.2x
Thu, 18 Apr 2024UK£2.4tUK£2.1tUK£148.3b15.7x16x1.1x
Sat, 16 Mar 2024UK£2.3tUK£2.0tUK£144.3b16.1x16.1x1.1x
Mon, 12 Feb 2024UK£2.3tUK£2.0tUK£144.7b15.2x15.6x1.1x
Wed, 10 Jan 2024UK£2.3tUK£2.1tUK£193.5b15x12x1.1x
Fri, 08 Dec 2023UK£2.3tUK£2.1tUK£193.9b14.7x11.7x1.1x
Sun, 05 Nov 2023UK£2.2tUK£2.1tUK£193.8b14x11.6x1x
Tue, 03 Oct 2023UK£2.3tUK£2.2tUK£186.7b14.3x12.5x1.1x
Thu, 31 Aug 2023UK£2.3tUK£2.1tUK£183.3b14.5x12.6x1.1x
Sat, 29 Jul 2023UK£2.4tUK£2.1tUK£191.6b14.3x12.5x1.1x
Mon, 26 Jun 2023UK£2.3tUK£2.2tUK£208.4b14.1x11.1x1.1x
Wed, 24 May 2023UK£2.4tUK£2.2tUK£216.7b14.3x11.2x1.1x
Fri, 21 Apr 2023UK£2.5tUK£2.2tUK£178.8b14.1x13.8x1.1x
Price to Earnings Ratio

13.8x


Total Market Cap: UK£2.5tTotal Earnings: UK£178.8bTotal 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
HSBA HSBC HoldingsUK£13.324.7%
+UK£10.2b		72.8%PB1.6xFinancials
RR. Rolls-Royce HoldingsUK£12.696.8%
+UK£6.7b		78.9%PE18xIndustrials
BARC BarclaysUK£4.356.4%
+UK£3.5b		60.9%PB0.8xFinancials
RIO Rio Tinto GroupUK£73.163.0%
+UK£3.5b		68.5%PE16.1xMaterials
ANTO AntofagastaUK£37.689.0%
+UK£3.1b		148.2%PE37.8xMaterials
See more

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Latest News

BARC
UK£4.35
Barclays
7D
6.4%
1Y
60.9%
BA.
UK£22.46
BAE Systems
7D
-1.9%
1Y
32.6%
ULVR
UK£42.95
Unilever
7D
2.9%
1Y
-18.6%
BATS
UK£43.48
British American Tobacco
7D
-1.3%
1Y
37.5%
CPG
US$27.27
Compass Group
7D
-6.5%
1Y
-17.9%

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£17.19
Standard Chartered
7D
8.1%
1Y
73.7%

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.
SHEL
UK£34.71
Shell
7D
-2.0%
1Y
47.4%
ANTO
UK£37.68
Antofagasta
7D
9.0%
1Y
148.2%
NWG
UK£6.13
NatWest Group
7D
6.5%
1Y
37.3%
HLN
UK£3.61
Haleon
7D
-3.3%
1Y
-4.9%

If EPS Growth Is Important To You, Haleon (LON:HLN) Presents An Opportunity

Apr 09
If EPS Growth Is Important To You, Haleon (LON:HLN) Presents An Opportunity
BP.
UK£5.79
BP
7D
-2.0%
1Y
69.8%
RKT
UK£50.80
Reckitt Benckiser Group
7D
-2.1%
1Y
0.8%

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.
AZN
UK£149.88
AstraZeneca
7D
-2.1%
1Y
45.2%
HSBA
UK£13.32
HSBC Holdings
7D
4.7%
1Y
72.8%

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

Analysts have raised their price targets on HSBC Holdings, reflecting a higher internal fair value estimate of £13.53 from £13.17, supported by updated assumptions for revenue growth, profit margins and future P/E, as well as recent target increases from several major banks. Analyst Commentary Recent research updates on HSBC Holdings show a cluster of higher price targets from major banks, giving you a clearer picture of how the market is thinking about the shares on valuation, execution and growth potential.
RIO
UK£73.16
Rio Tinto Group
7D
3.0%
1Y
68.5%

RIO: Cautious Outlook As Copper And Iron Ore Assumptions Turn More Conservative

Analysts have raised the fair value estimate for Rio Tinto Group to £58.52 from £41.00. This change reflects updated views on revenue growth, profit margins and sector valuation following a series of mixed price target revisions and rating downgrades across the Street.
RR.
UK£12.69
Rolls-Royce Holdings
7D
6.8%
1Y
78.9%

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

Narrative Update The updated analyst price target for Rolls-Royce Holdings reflects a shift in valuation inputs, with a slightly lower fair value estimate and P/E assumption, alongside higher projected revenue growth and profit margins. Analysts are responding to recent price target increases to £12.50 and £16.00 following the company's FY25 performance and 2026 guidance.