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

U.K. (FTSE) Market Analysis & Valuation

UpdatedMay 15, 2026
DataAggregated Company Financials
Companies1083
  • 7D0.8%
  • 3M-0.8%
  • 1Y19.9%
  • YTD4.8%

In the last week, the market has stayed flat, however the Materials sector stood out, gaining 6.5%. More promisingly, the market is up 20% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.

Trending IndustriesOil and GasGoldBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 15 May 2026UK£2.9tUK£2.0tUK£164.8b15.9x17.9x1.5x
Sun, 12 Apr 2026UK£3.0tUK£2.0tUK£157.3b15.7x19x1.5x
Tue, 10 Mar 2026UK£2.9tUK£2.0tUK£153.8b15.9x18.8x1.5x
Thu, 05 Feb 2026UK£3.0tUK£1.9tUK£137.9b17.1x21.6x1.5x
Sat, 03 Jan 2026UK£2.8tUK£2.0tUK£138.0b16.3x20.6x1.5x
Mon, 01 Dec 2025UK£2.8tUK£2.0tUK£139.6b16.3x20x1.4x
Wed, 29 Oct 2025UK£2.8tUK£2.0tUK£135.9b16.5x20.5x1.4x
Fri, 26 Sep 2025UK£2.7tUK£2.0tUK£136.3b16.5x19.5x1.4x
Sun, 24 Aug 2025UK£2.7tUK£1.9tUK£134.1b16.1x20.1x1.4x
Tue, 22 Jul 2025UK£2.5tUK£1.9tUK£127.1b16.1x19.9x1.3x
Thu, 19 Jun 2025UK£2.5tUK£1.9tUK£127.8b16.4x19.6x1.3x
Sat, 17 May 2025UK£2.5tUK£2.0tUK£133.0b16.5x18.6x1.3x
Mon, 14 Apr 2025UK£2.3tUK£2.0tUK£135.7b14.7x16.7x1.1x
Wed, 12 Mar 2025UK£2.4tUK£2.0tUK£137.7b15.1x17.7x1.2x
Fri, 07 Feb 2025UK£2.5tUK£2.0tUK£123.4b16.1x20.5x1.2x
Sun, 05 Jan 2025UK£2.4tUK£2.1tUK£123.5b15.9x19.6x1.2x
Tue, 03 Dec 2024UK£2.4tUK£2.0tUK£123.0b16.3x19.9x1.2x
Thu, 31 Oct 2024UK£2.4tUK£2.0tUK£120.7b16.2x20x1.2x
Sat, 28 Sep 2024UK£2.5tUK£2.0tUK£117.7b16.9x20.8x1.2x
Mon, 26 Aug 2024UK£2.5tUK£2.0tUK£119.5b16.9x20.5x1.2x
Wed, 24 Jul 2024UK£2.4tUK£2.0tUK£129.5b16.7x18.6x1.2x
Fri, 21 Jun 2024UK£2.4tUK£2.0tUK£131.9b16.6x18.5x1.2x
Sun, 19 May 2024UK£2.5tUK£2.0tUK£125.9b17x20x1.2x
Tue, 16 Apr 2024UK£2.4tUK£2.1tUK£148.3b16.1x16.2x1.1x
Thu, 14 Mar 2024UK£2.4tUK£2.1tUK£145.0b16.2x16.2x1.1x
Sat, 10 Feb 2024UK£2.3tUK£2.0tUK£144.7b15.2x15.6x1.1x
Mon, 08 Jan 2024UK£2.3tUK£2.1tUK£193.5b15x12.1x1.1x
Wed, 06 Dec 2023UK£2.3tUK£2.1tUK£193.6b14.6x11.7x1.1x
Fri, 03 Nov 2023UK£2.2tUK£2.2tUK£195.2b13.8x11.5x1x
Sun, 01 Oct 2023UK£2.3tUK£2.2tUK£186.2b14.6x12.6x1.1x
Tue, 29 Aug 2023UK£2.3tUK£2.2tUK£183.8b14.5x12.3x1.1x
Thu, 27 Jul 2023UK£2.4tUK£2.2tUK£205.9b14.2x11.7x1.1x
Sat, 24 Jun 2023UK£2.3tUK£2.2tUK£208.6b14.1x11.1x1.1x
Mon, 22 May 2023UK£2.4tUK£2.2tUK£216.9b14.3x11.2x1.1x
Price to Earnings Ratio

11.2x


Total Market Cap: UK£2.4tTotal Earnings: UK£216.9bTotal Revenue: UK£2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Market Price to Earnings3Y Average 17.4x202420252026
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 17.4x.
Past Earnings Growth
  • The earnings for companies in the British industry have declined 8.7% per year over the last three years.
  • Revenues have also declined 2.9% 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 Market0.80%
Materials5.27%
Consumer Staples2.86%
Healthcare2.01%
Consumer Discretionary1.93%
Tech1.05%
Utilities0.40%
Telecom0.27%
Energy-0.056%
Financials-0.15%
Real Estate-1.73%
Industrials-3.43%
Sector PE
  • Investors favour the Telecom sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 28.2%, which is higher than its past year's earnings growth of 5.1% 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 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 5.1% 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
BATS British American TobaccoUK£49.6215.8%
+UK£14.6b		61.3%PE14xConsumer Staples
RIO Rio Tinto GroupUK£81.546.1%
+UK£7.6b		73.8%PE17.8xMaterials
AZN AstraZenecaUK£137.403.2%
+UK£6.6b		35.5%PE27.5xHealthcare
CPG Compass GroupUS$33.3113.7%
+US$6.8b		-4.9%PE28.1xConsumer Discretionary
HSBA HSBC HoldingsUK£13.502.1%
+UK£4.8b		53.5%PB1.6xFinancials
See more

Market Insights

Header cover image
Many analysts thought gold's rally could see it hit $6,000/oz soon, but gold had other plans. But could the pullback be opportunity? We examine today's economy backdrop to see if gold still has what it takes to hit a new record this year.
Continue reading
Robot + AI: is it happening sooner than we thought?

Latest News

III
UK£21.12
3i Group
7D
-19.3%
1Y
-47.5%
BATS
UK£49.62
British American Tobacco
7D
15.8%
1Y
61.3%
RIO
UK£81.54
Rio Tinto Group
7D
6.1%
1Y
73.8%
Narrative Update • May 14

RIO: Copper Outlook And Asset Sales Will Shape Fairly Valued Shares

Analysts have raised the average price target for Rio Tinto Group by about £3 to reflect updated assumptions for fair value, discount rates, revenue growth, profit margins and future P/E, based on recent research that includes several price target increases and a few reductions. Analyst Commentary Recent research paints a mixed but generally constructive picture for Rio Tinto Group, with several bullish analysts lifting price targets in both US$ and GBp, while a handful of large banks have turned more cautious on valuation and commodity risk.
ULVR
UK£42.24
Unilever
7D
-2.0%
1Y
-18.4%
CPG
US$33.31
Compass Group
7D
13.7%
1Y
-4.9%
GLEN
UK£5.96
Glencore
7D
5.6%
1Y
120.2%
RR.
UK£11.97
Rolls-Royce Holdings
7D
-4.9%
1Y
46.7%
TSCO
UK£4.51
Tesco
7D
-4.2%
1Y
23.9%
Narrative Update • May 13

TSCO: Future Upside Will Hinge On Margins And £750m Share Repurchases

Analysts have nudged Tesco's implied fair value higher to around £5.12 per share, reflecting slightly updated assumptions for discount rates, modest revenue growth and profit margins, along with recent upward moves in Street price targets from banks such as JPMorgan, Deutsche Bank and Citi. Analyst Commentary Recent research on Tesco points to a generally constructive stance, with several firms updating their models and price targets to reflect current assumptions on discount rates, margins and revenue trends.
AZN
UK£137.40
AstraZeneca
7D
3.2%
1Y
35.5%
KAP
US$69.40
National Atomic Company Kazatomprom JSC
7D
-19.2%
1Y
90.4%
New Narrative • May 12

Kazatomprom is uniquely positioned to capture structural upside

Below is a sell-side / investment banking–style Investment Memorandum (IM) for National Atomic Company Kazatomprom JSC (“Kazatomprom”, “KAP”), with institutional structure, analytical framing, and cited sources. Investment Memorandum National Atomic Company Kazatomprom JSC (LSE: KAP / AIX: KAP) 1.
BA.
UK£19.23
BAE Systems
7D
-3.5%
1Y
9.6%
HSBA
UK£13.50
HSBC Holdings
7D
2.1%
1Y
53.5%
REL
UK£23.65
RELX
7D
-3.9%
1Y
-41.8%
Narrative Update • May 08

REL: Q4 Earnings Resilience And Buybacks Will Support Future Multiple

Analysts have slightly reduced their fair value estimate for RELX to £36.18 from £36.42. This change reflects modestly lower revenue growth assumptions and a marginally lower future P/E multiple, while still pointing to Q4 earnings resilience and limited observable impact from AI concerns.
AAL
UK£40.63
Anglo American
7D
5.8%
1Y
67.0%
Narrative Update • May 02

AAL: Geopolitical And Commodity Risks Will Limit Post Teck Merger Upside

Analysts have raised the fair value estimate for Anglo American from £21.07 to £21.89 per share. This reflects a combination of recent price target changes, rating revisions, and updated views on revenue, margins and future P/E assumptions across the Street.
EXPN
UK£25.64
Experian
7D
-4.7%
1Y
-34.7%
ANTO
UK£42.67
Antofagasta
7D
9.5%
1Y
129.9%
Narrative Update • Apr 29

ANTO: Mixed Broker Views Will Shape Outlook As Copper Conditions Steer Expectations

Antofagasta's analyst fair value has shifted from £26.26 to £35.00, as analysts factor in revised assumptions on revenue growth, profit margins and discount rates, alongside a mix of recent target changes, including multiple raises from Citi, Morgan Stanley, JPMorgan and others, set against several downgrades and target cuts. Analyst Commentary Recent research on Antofagasta presents a mixed picture, with both bullish and bearish analysts adjusting ratings and price targets in quick succession.