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

U.K. (FTSE) Market Analysis & Valuation

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies1082
  • 7D2.9%
  • 3M3.8%
  • 1Y28.2%
  • YTD6.5%

Over the last 7 days, the market has risen 2.9%, driven by gains of 6.6% in the Financials sector. Meanwhile, the Energy sector has underperformed, shrinking 4.7% in that time. In the last year, the market has climbed 28%. 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
Wed, 15 Apr 2026UK£3.0tUK£2.0tUK£157.0b15.7x19.1x1.5x
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 19.1x 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 Market2.94%
Tech7.68%
Industrials6.76%
Financials6.60%
Materials5.17%
Real Estate4.93%
Consumer Discretionary2.98%
Telecom2.77%
Healthcare0.99%
Utilities-0.24%
Consumer Staples-0.51%
Energy-4.66%
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 17.0%, 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 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

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

BP.
UK£5.65
BP
7D
-5.4%
1Y
63.0%
RR.
UK£13.12
Rolls-Royce Holdings
7D
14.8%
1Y
79.3%

RR.: Buyback Programme Will Support Future Re Rating Potential

The analyst fair value estimate for Rolls-Royce Holdings has been raised from £12.94 to £14.27, with analysts pointing to updated assumptions on revenue growth, profit margin potential and a lower future P/E, supported by a mix of higher price targets from JPMorgan, Berenberg, RBC Capital and Jefferies, partly offset by a recent reduction from UBS. Analyst Commentary Recent research updates on Rolls-Royce show a mix of optimism and caution, with several firms lifting price targets while one trims expectations.
BARC
UK£4.43
Barclays
7D
9.2%
1Y
58.6%
GSK
UK£21.90
GSK
7D
4.5%
1Y
62.7%
BA.
UK£22.32
BAE Systems
7D
-1.8%
1Y
28.0%
BATS
UK£42.24
British American Tobacco
7D
-4.7%
1Y
32.1%
CPG
US$27.25
Compass Group
7D
-3.9%
1Y
-19.5%

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

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£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%

Lloyds Banking Group plc (LLOY): The "Mass Affluent" Pivot and the 2026 Digital Milestone

Lloyds Banking Group plc (LLOY) , the UK's largest retail bank and mortgage lender, closed the April 8, 2026, session at 99.93p on the London Stock Exchange (LSE). The stock has been a focal point of the "Higher for Longer" interest rate narrative, climbing significantly as the market re-evaluates domestic banks as tech-enabled income engines.
HLN
UK£3.57
Haleon
7D
-3.3%
1Y
-5.6%

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
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

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

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.