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

U.K. (FTSE) Market Analysis & Valuation

UpdatedJul 29, 2026
DataAggregated Company Financials
Companies1080
  • 7D2.4%
  • 3M5.8%
  • 1Y18.4%
  • YTD8.7%

The Consumer Staples sector has led the market, which has gained 2.4%. The market is up 18% over the last 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Jul 2026UK£3.1tUK£2.0tUK£166.8b16.1x18.3x1.5x
Sat, 27 Jun 2026UK£2.9tUK£2.0tUK£165.4b15.7x17.8x1.4x
Mon, 25 May 2026UK£3.0tUK£2.0tUK£165.8b16.1x17.8x1.5x
Wed, 22 Apr 2026UK£3.0tUK£2.0tUK£157.5b16.2x18.9x1.5x
Fri, 20 Mar 2026UK£2.8tUK£2.0tUK£156.2b15.1x18.1x1.4x
Sun, 15 Feb 2026UK£3.0tUK£1.9tUK£145.5b16.7x20.6x1.5x
Tue, 13 Jan 2026UK£2.9tUK£2.0tUK£137.8b16.7x21.1x1.5x
Thu, 11 Dec 2025UK£2.8tUK£2.0tUK£138.4b15.9x19.9x1.4x
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
Price to Earnings Ratio

12.4x


Total Market Cap: UK£2.4tTotal Earnings: UK£189.4bTotal Revenue: UK£2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Market Price to Earnings3Y Average 17.8x202420252026
Current Market PE
  • Investors are relatively neutral on the British market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 17.8x.
Past Earnings Growth
  • The earnings for British listed companies have declined 4.2% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the U.K. Market?

GB Market1.47%
Consumer Staples4.93%
Telecom4.87%
Consumer Discretionary4.51%
Healthcare3.94%
Industrials2.62%
Real Estate2.35%
Tech1.47%
Energy0.15%
Financials-0.25%
Materials-1.24%
Utilities-5.29%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 51.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 17.5%, which is higher than its past year's earnings growth of 7.6% per year.
  • The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 10.3x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 1.8% per year.
  • In contrast, the Energy 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
ULVR UnileverUK£49.868.1%
+UK£8.0b		-0.6%PE22.4xConsumer Staples
REL RELXUK£28.7417.1%
+UK£7.3b		-26.4%PE22.2xIndustrials
AZN AstraZenecaUK£131.343.4%
+UK£6.7b		14.2%PE26xHealthcare
GSK GSKUK£20.075.1%
+UK£4.3b		37.2%PE16.7xHealthcare
III 3i GroupUK£28.9713.5%
+UK£3.4b		-30.2%PE5.5xFinancials
See more

Market Insights

Header cover image
Healthcare just hit its lowest market weight since 1994. But dig deeper into the sector, and the collapse starts to look like a costume in some ways.
Continue reading
A brand’s strength doesn’t always last

Latest News

REL
UK£28.74
RELX
7D
17.1%
1Y
-26.4%
GSK
UK£20.07
GSK
7D
5.1%
1Y
37.2%
AZN
UK£131.34
AstraZeneca
7D
3.4%
1Y
14.2%
ULVR
UK£49.86
Unilever
7D
8.1%
1Y
-0.6%
III
UK£28.97
3i Group
7D
13.5%
1Y
-30.2%
BARC
UK£4.93
Barclays
7D
-6.5%
1Y
31.3%
NWG
UK£6.65
NatWest Group
7D
-2.9%
1Y
25.5%
NG.
UK£11.93
National Grid
7D
-4.5%
1Y
13.0%
ANTO
UK£35.49
Antofagasta
7D
-6.5%
1Y
77.9%
LLOY
UK£1.11
Lloyds Banking Group
7D
-3.0%
1Y
41.5%
Narrative Update • Jul 24

LLOY: Ongoing Share Buybacks Will Still Limit Future Upside

Analysts have modestly raised their fair value estimate for Lloyds Banking Group from £0.79 to £0.81, citing slightly higher assumed revenue growth, a marginally stronger profit margin outlook, and a small adjustment to the discount rate and future P/E assumptions. What’s in the News for Lloyds Banking Group Lloyds Banking Group has repurchased 7 million ordinary shares from Goldman Sachs International as part of its ongoing share buyback programme, with plans to cancel these shares, according to recent news reports.
BA.
UK£20.20
BAE Systems
7D
5.0%
1Y
13.2%
FRES
UK£24.81
Fresnillo
7D
-6.7%
1Y
73.5%
EXPN
UK£30.77
Experian
7D
13.0%
1Y
-23.0%
Narrative Update • Jul 20

EXPN: AI And Dividend Support Will Underpin Future Upside Despite Lower Multiple

Experian's fair value estimate has moved lower as analysts trim their price target from £4,550 to £3,500, citing slightly adjusted assumptions for the discount rate, revenue growth, profit margins and future P/E in their updated models. Analyst Commentary Recent research on Experian highlights a reset in expectations, with price targets revised to £3,500 from earlier levels.
SSE
UK£23.22
SSE
7D
-8.2%
1Y
25.3%
GLEN
UK£5.21
Glencore
7D
-3.2%
1Y
67.1%
Narrative Update • Jul 15

GLEN: Copper Mix And Lithium Offtake Will Support Future Rerating Potential

Glencore's analyst price target has been lowered to around £5.90 to £6.35 per share from prior levels closer to £6.10 to £6.60, as analysts factor in higher required returns, updated views on commodity mix and earnings potential, and a moderation in assumed future P/E multiples, despite slightly stronger revenue growth and margin inputs. Analyst Commentary Recent research on Glencore shows a mix of optimism and caution, with several bullish analysts still highlighting upside potential around earnings power, commodity exposure and current valuation, even as headline price targets edge lower in some cases.
BATS
UK£47.40
British American Tobacco
7D
2.7%
1Y
18.9%