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U.K. (FTSE) Market Analysis & Valuation

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies1092
  • 7D-0.5%
  • 3M5.9%
  • 1Y19.6%
  • YTD2.8%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. As for the longer term, the market has risen 20% in the past 12 months. Earnings are forecast to grow by 14% 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, 24 Jan 2026UK£2.9tUK£2.0tUK£137.5b16.8x21.2x1.5x
Mon, 22 Dec 2025UK£2.8tUK£2.0tUK£138.3b16x20.4x1.4x
Wed, 19 Nov 2025UK£2.7tUK£2.0tUK£139.3b16.1x19.7x1.4x
Fri, 17 Oct 2025UK£2.7tUK£1.9tUK£135.4b16.7x20.1x1.4x
Sun, 14 Sep 2025UK£2.7tUK£1.9tUK£135.4b16.4x19.8x1.4x
Tue, 12 Aug 2025UK£2.7tUK£1.9tUK£134.1b16.1x19.8x1.4x
Thu, 10 Jul 2025UK£2.5tUK£1.9tUK£127.0b16.2x19.7x1.3x
Sat, 07 Jun 2025UK£2.5tUK£1.9tUK£127.1b16.2x19.6x1.3x
Mon, 05 May 2025UK£2.4tUK£2.0tUK£130.7b15.8x18.7x1.2x
Wed, 02 Apr 2025UK£2.5tUK£2.0tUK£136.1b15.3x18x1.2x
Fri, 28 Feb 2025UK£2.5tUK£2.0tUK£138.4b15.9x18.2x1.2x
Sun, 26 Jan 2025UK£2.5tUK£2.1tUK£123.3b15.8x20.1x1.2x
Tue, 24 Dec 2024UK£2.4tUK£2.0tUK£123.0b15.9x19.4x1.2x
Thu, 21 Nov 2024UK£2.4tUK£2.0tUK£122.6b16.2x19.4x1.2x
Sat, 19 Oct 2024UK£2.4tUK£2.0tUK£118.7b16.5x20.5x1.2x
Mon, 16 Sep 2024UK£2.4tUK£2.0tUK£119.3b16.5x20.4x1.2x
Wed, 14 Aug 2024UK£2.4tUK£2.0tUK£122.8b16.4x19.8x1.2x
Fri, 12 Jul 2024UK£2.4tUK£2.0tUK£130.2b16.8x18.7x1.2x
Sun, 09 Jun 2024UK£2.5tUK£2.0tUK£130.0b16.8x18.9x1.2x
Tue, 07 May 2024UK£2.4tUK£2.1tUK£141.7b16.5x17.3x1.2x
Thu, 04 Apr 2024UK£2.4tUK£2.1tUK£145.8b16.2x16.5x1.1x
Sat, 02 Mar 2024UK£2.3tUK£2.0tUK£140.7b15.3x16.4x1.1x
Mon, 29 Jan 2024UK£2.3tUK£2.1tUK£193.0b15x12x1.1x
Wed, 27 Dec 2023UK£2.3tUK£2.1tUK£193.8b15.2x12.1x1.1x
Fri, 24 Nov 2023UK£2.3tUK£2.1tUK£193.6b14.4x11.7x1.1x
Sun, 22 Oct 2023UK£2.3tUK£2.2tUK£187.2b13.5x12.1x1x
Tue, 19 Sep 2023UK£2.3tUK£2.2tUK£185.7b14.6x12.7x1.1x
Thu, 17 Aug 2023UK£2.3tUK£2.1tUK£184.1b14.3x12.4x1.1x
Sat, 15 Jul 2023UK£2.3tUK£2.2tUK£204.6b14x11.3x1.1x
Mon, 12 Jun 2023UK£2.4tUK£2.2tUK£209.9b14.3x11.3x1.1x
Wed, 10 May 2023UK£2.4tUK£2.2tUK£209.8b14.4x11.6x1.1x
Fri, 07 Apr 2023UK£2.4tUK£2.2tUK£179.8b13.8x13.5x1.1x
Sun, 05 Mar 2023UK£2.5tUK£2.2tUK£189.3b14.1x13.4x1.2x
Tue, 31 Jan 2023UK£2.5tUK£2.1tUK£183.6b13.9x13.5x1.2x
Price to Earnings Ratio

13.5x


Total Market Cap: UK£2.5tTotal Earnings: UK£183.6bTotal Revenue: UK£2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Market Price to Earnings3Y Average 16.7x202420252026
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 21.2x which is higher than its 3-year average PE of 16.7x.
Past Earnings Growth
  • The earnings for companies in the British industry have declined 9.2% per year over the last three years.
  • Revenues have also declined 2.1% 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-0.45%
Telecom1.82%
Materials0.79%
Financials0.37%
Utilities0.31%
Tech0.17%
Consumer Staples-0.24%
Consumer Discretionary-0.45%
Real Estate-0.97%
Energy-1.04%
Industrials-1.89%
Healthcare-2.10%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 19.5x.
    • Analysts are expecting annual earnings growth of 29.7%, which is lower than the prior year's growth of 33.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Industrials sector is expected to see its earnings grow by 7.1% 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
RIO Rio Tinto GroupUK£65.763.6%
+UK£3.7b		31.9%PE14.1xMaterials
FRES FresnilloUK£41.6811.3%
+UK£3.1b		508.0%PE91.5xMaterials
GLEN GlencoreUK£5.014.7%
+UK£2.6b		33.5%PS0.3xMaterials
ULVR UnileverUK£48.642.2%
+UK£2.3b		-4.9%PE22.4xConsumer Staples
BEZ BeazleyUK£11.5240.5%
+UK£2.0b		38.0%PE9.4xFinancials
See more

Market Insights

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Anglo American
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4.3%
1Y
17.3%

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BEZ
UK£11.52
Beazley
7D
40.5%
1Y
38.0%

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EXPN
UK£30.29
Experian
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FRES
UK£41.68
Fresnillo
7D
11.3%
1Y
508.0%
SHEL
UK£26.88
Shell
7D
-2.4%
1Y
2.6%

SHEL: Future Returns Will Reflect LNG Strength And Refining Cash Generation

Our Shell fair value estimate edges up to €31.04 from €31.03 as analysts lift price targets across US dollar and GBp lines, pointing to expectations for resilient refining conditions, disciplined capital allocation and LNG driven growth targets, even as views on crude and valuation remain mixed. Analyst Commentary Bullish Takeaways Bullish analysts lifting US dollar and GBp targets point to confidence in Shell's ability to keep capital allocation disciplined, with a focus on cost control and shareholder returns that they view as supportive for equity value.
AV.
UK£6.19
Aviva
7D
-8.3%
1Y
22.1%

AV.: Medium Term Earnings Targets And Softer Ratings Will Shape Balanced Return Profile

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GLEN
UK£5.01
Glencore
7D
4.7%
1Y
33.5%
ULVR
UK£48.64
Unilever
7D
2.2%
1Y
-4.9%

ULVR: Margin Pressures And U.S. Slowdown Risk Will Limit Share Upside

Narrative Update Overview The revised analyst price target for Unilever moves to about £41.02 from £38.83, as analysts weigh contained earnings growth and operating margin pressures alongside sector wide valuation concerns highlighted in recent research. Analyst Commentary Recent research on Unilever points to a more cautious tone, with bearish analysts highlighting valuation questions and execution risks around earnings and margins.
AZN
UK£135.80
AstraZeneca
7D
-3.4%
1Y
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WISE
UK£9.75
Wise
7D
17.1%
1Y
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WISE: Partnership Momentum Will Support Premium P/E Case Going Forward

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RIO
UK£65.76
Rio Tinto Group
7D
3.6%
1Y
31.9%

RIO: Megamerger Talks And Critical Mineral Moves Will Shape Medium Term Outlook

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RR.
UK£12.53
Rolls-Royce Holdings
7D
-2.5%
1Y
106.9%

RR.: Future Engine Ambitions Will Likely Magnify Execution Risk Ahead

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REL
UK£29.21
RELX
7D
-5.6%
1Y
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HLN
UK£3.80
Haleon
7D
4.4%
1Y
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LSEG
UK£87.68
London Stock Exchange Group
7D
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1Y
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LSEG: Data Partnerships And AI Integration Will Support Long-Term Upside Potential

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BA.
UK£20.27
BAE Systems
7D
-2.9%
1Y
63.7%

BA.: Sector Caution And U.S. Shutdown Risk Will Restrain Overheated Expectations

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