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U.K. (FTSE) Market Analysis & Valuation

UpdatedNov 08, 2025
DataAggregated Company Financials
Companies1101
  • 7D-0.7%
  • 3M5.8%
  • 1Y18.3%
  • YTD16.1%

Over the last 7 days, the market has remained flat, although notably the Industrials sector declined by 3.8%. Meanwhile, the market is actually up 18% over the past year. Looking forward, earnings are forecast to grow by 15% annually.

Trending IndustriesOil and GasGoldBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Nov 2025UK£2.8tUK£2.0tUK£138.1b16.1x20.1x1.4x
Mon, 06 Oct 2025UK£2.7tUK£1.9tUK£135.4b16.8x20.2x1.4x
Wed, 03 Sep 2025UK£2.6tUK£2.0tUK£135.7b15.8x19.4x1.3x
Fri, 01 Aug 2025UK£2.6tUK£2.0tUK£126.3b16.4x20.3x1.3x
Sun, 29 Jun 2025UK£2.5tUK£1.9tUK£126.7b16.7x19.6x1.3x
Tue, 27 May 2025UK£2.5tUK£1.9tUK£125.7b16.2x19.7x1.3x
Thu, 24 Apr 2025UK£2.4tUK£2.0tUK£135.1b15.3x17.7x1.2x
Sat, 22 Mar 2025UK£2.5tUK£2.0tUK£136.5b15.6x18.1x1.2x
Mon, 17 Feb 2025UK£2.5tUK£2.0tUK£139.3b16.4x18.1x1.2x
Wed, 15 Jan 2025UK£2.4tUK£2.1tUK£124.8b15.7x19.2x1.2x
Fri, 13 Dec 2024UK£2.4tUK£2.0tUK£121.9b16.3x20x1.2x
Sun, 10 Nov 2024UK£2.4tUK£2.0tUK£118.2b16.3x20.2x1.2x
Tue, 08 Oct 2024UK£2.4tUK£2.0tUK£118.8b16.4x20.4x1.2x
Thu, 05 Sep 2024UK£2.4tUK£2.0tUK£119.1b16.8x20.5x1.2x
Sat, 03 Aug 2024UK£2.4tUK£2.0tUK£124.9b16.7x19.3x1.2x
Mon, 01 Jul 2024UK£2.4tUK£2.0tUK£132.1b16.2x18.2x1.2x
Wed, 29 May 2024UK£2.5tUK£2.0tUK£129.0b17.2x19.1x1.2x
Fri, 26 Apr 2024UK£2.4tUK£2.1tUK£143.8b15.8x16.8x1.2x
Sun, 24 Mar 2024UK£2.4tUK£2.1tUK£147.6b16.3x16.4x1.1x
Tue, 20 Feb 2024UK£2.3tUK£2.0tUK£147.1b15.2x15.6x1.1x
Thu, 18 Jan 2024UK£2.3tUK£2.1tUK£193.7b14.6x11.6x1.1x
Sat, 16 Dec 2023UK£2.3tUK£2.1tUK£193.7b15.1x11.9x1.1x
Mon, 13 Nov 2023UK£2.2tUK£2.2tUK£195.3b13.9x11.4x1x
Wed, 11 Oct 2023UK£2.3tUK£2.2tUK£185.9b14x12.6x1.1x
Fri, 08 Sep 2023UK£2.3tUK£2.2tUK£185.3b14.4x12.4x1.1x
Sun, 06 Aug 2023UK£2.4tUK£2.2tUK£189.4b14.6x12.4x1.1x
Tue, 04 Jul 2023UK£2.3tUK£2.2tUK£208.4b14.1x11.3x1.1x
Thu, 01 Jun 2023UK£2.3tUK£2.2tUK£213.2b14x11x1.1x
Sat, 29 Apr 2023UK£2.5tUK£2.2tUK£179.0b14.4x13.8x1.1x
Mon, 27 Mar 2023UK£2.3tUK£2.2tUK£184.6b13.7x12.6x1.1x
Wed, 22 Feb 2023UK£2.6tUK£2.2tUK£196.4b13.7x13x1.2x
Fri, 20 Jan 2023UK£2.5tUK£2.1tUK£183.7b13.7x13.6x1.2x
Sun, 18 Dec 2022UK£2.4tUK£2.1tUK£185.8b13.2x12.8x1.1x
Tue, 15 Nov 2022UK£2.4tUK£2.3tUK£213.0b13.2x11.4x1.1x
Price to Earnings Ratio

11.4x


Total Market Cap: UK£2.4tTotal Earnings: UK£213.0bTotal Revenue: UK£2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Market Price to Earnings3Y Average 16.2x202320242025
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 20.1x which is higher than its 3-year average PE of 16.2x.
Past Earnings Growth
  • The earnings for companies in the British industry have declined 13% per year over the last three years.
  • Revenues have also declined 5.0% 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-0.67%
Real Estate2.16%
Consumer Staples1.80%
Healthcare1.47%
Utilities0.82%
Energy0.31%
Financials-0.11%
Consumer Discretionary-2.36%
Telecom-2.51%
Materials-3.35%
Tech-3.62%
Industrials-3.82%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 51.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.2%, which is higher than its past year's earnings growth of 11.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings growth rate of 5.5% per year.
  • In contrast, the Industrials sector is expected to see its earnings grow by 6.7% 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£129.003.4%
+UK£6.7b		30.3%PE28xHealthcare
BATS British American TobaccoUK£41.305.8%
+UK£4.9b		51.1%PE29.5xConsumer Staples
BP. BPUK£4.593.7%
+UK£2.5b		22.9%PE61.1xEnergy
NG. National GridUK£11.712.7%
+UK£1.5b		20.0%PE20.2xUtilities
HSBA HSBC HoldingsUK£10.710.7%
+UK£1.3b		55.2%PB1.3xFinancials
See more

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NG.
UK£11.71
National Grid
7D
2.7%
1Y
20.0%
AZN
UK£129.00
AstraZeneca
7D
3.4%
1Y
30.3%
IAG
UK£3.66
International Consolidated Airlines Group
7D
-12.4%
1Y
56.2%
NWG
UK£5.99
NatWest Group
7D
2.5%
1Y
57.2%

NWG: Improved Profitability And Capital Returns Will Drive Shares Despite Revenue Pressure

NatWest Group's analyst price target has been upgraded from £6.05 to £6.37 per share. This reflects analysts' expectations for improved profitability and steady capital returns, despite slightly slower anticipated revenue growth.
BP.
UK£4.59
BP
7D
3.7%
1Y
22.9%
REL
UK£31.94
RELX
7D
-4.9%
1Y
-13.5%

REL: GenAI Will Accelerate Legal Segment Gains Amid Heightened Competition

RELX's analyst price target has been revised downward by analysts, reflecting a shift from £44.18 to £44.18 per share. Recent research highlights sector competition and evolving growth expectations, despite ongoing gains from technological advances.
KAP
US$50.60
National Atomic Company Kazatomprom JSC
7D
-13.5%
1Y
26.5%

KAP: Production And Revenue Guidance Updates Will Support Fair Valuation Going Forward

Analysts have raised their price target for National Atomic Company Kazatomprom JSC from $43.78 to $49.86, citing incremental adjustments in long-term valuation metrics. What's in the News National Atomic Company Kazatomprom JSC has scheduled a Special/Extraordinary Shareholders Meeting for December 19, 2025 (Key Developments).
IMB
UK£31.71
Imperial Brands
7D
4.8%
1Y
34.0%

IMB: Future Returns Will Likely Hinge On Margins And Share Buyback Plans

Narrative Update on Imperial Brands Analysts have nudged their price target for Imperial Brands higher, from £33.00 to £33.50, citing reaffirmed confidence in the company's outlook and stable financial metrics. Analyst Commentary Bullish Takeaways Bullish analysts point to the recent price target increase, which reflects growing conviction in Imperial Brands’ capacity for steady value creation.
BA.
UK£18.07
BAE Systems
7D
-3.4%
1Y
31.2%

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RR.
UK£11.39
Rolls-Royce Holdings
7D
-2.4%
1Y
105.8%

RR.: European Aerospace Demand And Engine Opportunities Will Balance Near-Term Execution Risks

Analysts have recently lifted their price targets for Rolls-Royce Holdings, with expectations rising from £10.40 to £12.45 and as high as £12.90 per share. This reflects increased confidence in the company's ability to deliver capital returns amid strong European aerospace market demand and an improving aftermarket outlook.
TSCO
UK£4.74
Tesco
7D
3.2%
1Y
37.4%

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Nov 04
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AHT
UK£46.86
Ashtead Group
7D
-7.6%
1Y
-25.5%
RIO
UK£52.26
Rio Tinto Group
7D
-4.7%
1Y
5.7%

RIO: Steady Copper And Iron Ore Outlook Will Offset Operational And Governance Risks

Rio Tinto Group’s analyst price target has been adjusted upward from £54.85 to £56.23. This reflects analysts’ expectations for steady fundamentals in light of recent incremental changes in revenue growth and profit margin forecasts.
HSBA
UK£10.71
HSBC Holdings
7D
0.7%
1Y
55.2%

HSBA: Revenue Momentum And Margin Improvement Will Support Near-Term Stability

HSBC Holdings' analyst fair value price target has increased from £9.96 to £10.66. This reflects analysts' growing optimism due to recent upward earnings revisions, margin improvement, and a strengthened revenue outlook.
III
UK£42.07
3i Group
7D
-4.4%
1Y
24.2%

III: Resilient Retail Exposure And Compounding Set To Sustain Long-Term Momentum

Analysts have raised their price target for 3i Group slightly from £46.48 to £46.65, citing the company's robust growth trajectory and the strength of its leading retail investment. Analyst Commentary Bullish Takeaways Bullish analysts highlight the company's prominent stake in a leading European discount variety retailer, viewing it as a key driver for long-term growth.
BATS
UK£41.30
British American Tobacco
7D
5.8%
1Y
51.1%