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U.K. (FTSE) Market Analysis & Valuation

UpdatedSep 10, 2026
DataAggregated Company Financials
Companies1065
  • 7D-0.7%
  • 3M3.7%
  • 1Y16.1%
  • YTD7.5%

Over the last 7 days, the market has remained flat, although notably the Healthcare sector declined by 3.4%. Meanwhile, the market is actually up 16% over the past year. Earnings are forecast to grow by 11% annually.

Trending IndustriesOil and GasGoldBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 10 Sep 2026UK£3.0tUK£2.2tUK£172.9b15.8x17.4x1.4x
Sat, 08 Aug 2026UK£3.1tUK£2.1tUK£173.6b16x17.8x1.4x
Mon, 06 Jul 2026UK£3.0tUK£2.0tUK£164.8b15.9x18.2x1.5x
Wed, 03 Jun 2026UK£2.9tUK£2.0tUK£164.6b15.9x17.9x1.5x
Fri, 01 May 2026UK£2.9tUK£2.0tUK£159.9b15.8x18.3x1.5x
Sun, 29 Mar 2026UK£2.8tUK£2.0tUK£157.6b14.6x17.7x1.4x
Tue, 24 Feb 2026UK£3.0tUK£2.0tUK£148.5b16.7x20.5x1.6x
Thu, 22 Jan 2026UK£2.9tUK£2.0tUK£137.8b16.6x21.1x1.5x
Sat, 20 Dec 2025UK£2.8tUK£2.0tUK£138.3b16x20.4x1.4x
Mon, 17 Nov 2025UK£2.8tUK£2.0tUK£139.2b16.4x20x1.4x
Wed, 15 Oct 2025UK£2.7tUK£1.9tUK£135.9b16.7x20.1x1.4x
Fri, 12 Sep 2025UK£2.7tUK£1.9tUK£135.5b16.3x19.8x1.4x
Sun, 10 Aug 2025UK£2.6tUK£1.9tUK£134.0b16.2x19.7x1.4x
Tue, 08 Jul 2025UK£2.5tUK£1.9tUK£127.0b16.2x19.6x1.3x
Thu, 05 Jun 2025UK£2.5tUK£1.9tUK£127.1b16.2x19.6x1.3x
Sat, 03 May 2025UK£2.4tUK£2.0tUK£131.6b15.8x18.6x1.2x
Mon, 31 Mar 2025UK£2.5tUK£2.0tUK£135.5b15.5x18.2x1.2x
Wed, 26 Feb 2025UK£2.5tUK£2.0tUK£137.3b16x18.2x1.2x
Fri, 24 Jan 2025UK£2.5tUK£2.1tUK£124.0b15.9x20.1x1.2x
Sun, 22 Dec 2024UK£2.4tUK£2.0tUK£122.8b16x19.4x1.2x
Tue, 19 Nov 2024UK£2.4tUK£2.0tUK£121.9b16.4x19.6x1.2x
Thu, 17 Oct 2024UK£2.4tUK£2.0tUK£119.0b16.7x20.4x1.2x
Sat, 14 Sep 2024UK£2.4tUK£2.0tUK£119.3b16.5x20.4x1.2x
Mon, 12 Aug 2024UK£2.4tUK£2.0tUK£123.3b16.4x19.6x1.2x
Wed, 10 Jul 2024UK£2.4tUK£2.0tUK£131.6b16.7x18.3x1.2x
Fri, 07 Jun 2024UK£2.5tUK£2.0tUK£129.4b16.7x19.1x1.2x
Sun, 05 May 2024UK£2.4tUK£2.1tUK£141.9b16.5x17.3x1.2x
Tue, 02 Apr 2024UK£2.4tUK£2.1tUK£146.0b16.4x16.5x1.1x
Thu, 29 Feb 2024UK£2.3tUK£2.0tUK£140.8b15.1x16.3x1.1x
Sat, 27 Jan 2024UK£2.3tUK£2.1tUK£193.0b15x11.9x1.1x
Mon, 25 Dec 2023UK£2.3tUK£2.1tUK£193.7b15.2x12.1x1.1x
Wed, 22 Nov 2023UK£2.3tUK£2.1tUK£194.2b14.1x11.7x1.1x
Fri, 20 Oct 2023UK£2.3tUK£2.2tUK£187.3b13.6x12.2x1x
Sun, 17 Sep 2023UK£2.4tUK£2.2tUK£185.6b14.8x12.8x1.1x
Price to Earnings Ratio

12.8x


Total Market Cap: UK£2.4tTotal Earnings: UK£185.6bTotal Revenue: UK£2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Market Price to Earnings3Y Average 18x202420252026
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 18.0x.
Past Earnings Growth
  • The earnings for British listed companies have declined 2.3% 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 Market-0.70%
Energy2.00%
Materials1.74%
Telecom0.85%
Financials-0.059%
Utilities-0.50%
Tech-0.76%
Consumer Discretionary-1.62%
Real Estate-1.68%
Industrials-2.07%
Consumer Staples-2.71%
Healthcare-3.36%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 50.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 17.9% which is higher than its past year's earnings decline of 1.7% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 17.8x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 5.3% per year.
  • In contrast, the Energy industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
GLEN GlencoreUK£6.255.0%
+UK£3.5b		110.9%PE18.3xMaterials
SHEL ShellUK£35.041.8%
+UK£3.3b		31.9%PE10.5xEnergy
BP. BPUK£5.572.7%
+UK£2.3b		31.5%PE21.5xEnergy
VOD Vodafone GroupUK£1.276.2%
+UK£1.7b		46.0%PS0.8xTelecom
ANTO AntofagastaUK£39.983.9%
+UK£1.5b		82.1%PE32.3xMaterials
See more

Market Insights

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Latest News

HSBA
UK£15.49
HSBC Holdings
7D
0.3%
1Y
55.4%
GSK
UK£18.04
GSK
7D
-3.1%
1Y
21.2%
BP.
UK£5.57
BP
7D
2.7%
1Y
31.5%
AZN
UK£116.50
AstraZeneca
7D
-2.7%
1Y
-2.2%
GLEN
UK£6.25
Glencore
7D
5.0%
1Y
110.9%
BA.
UK£18.99
BAE Systems
7D
-4.5%
1Y
3.6%
DGE
UK£15.98
Diageo
7D
-5.6%
1Y
-16.8%
BARC
UK£4.88
Barclays
7D
0.9%
1Y
30.1%
VOD
UK£1.27
Vodafone Group
7D
6.2%
1Y
46.0%
Narrative Update • Sep 04

VOD: Fair Value View Weighs German Strain And UK Repair Potential

Analysts have lifted their price targets for Vodafone Group toward a range of about £1.10 to £1.55 per share, citing improving return on invested capital trends and gradual progress on market repair as key supports for the higher fair value estimate. Analyst Commentary Recent research on Vodafone Group shows a split between more optimistic and more cautious voices.
BATS
UK£40.30
British American Tobacco
7D
-2.3%
1Y
-2.5%
SHEL
UK£35.04
Shell
7D
1.8%
1Y
31.9%
Narrative Update • Sep 04

SHEL: Portfolio Shifts And Reserve Concerns Will Shape Fairly Valued Shares

Analysts have raised their fair value estimate for Shell from £30.41 to £32.83, citing updated views on production longevity, revised commodity price forecasts, adjusted P/E assumptions, slightly less severe revenue decline expectations and a modestly higher profit margin. Analyst Commentary Recent Street research on Shell shows a mix of optimism and caution, with several firms revisiting price targets and ratings as they update commodity price assumptions and views on production durability.
RR.
UK£14.46
Rolls-Royce Holdings
7D
-1.6%
1Y
31.5%
Narrative Update • Sep 04

RR.: Defence-Focused Engine Contracts Will Support Measured Re Rating Potential

Analysts have raised the Rolls-Royce Holdings fair value estimate from £16.27 to £17.18, citing updated Street price targets between about £16.47 and £20.00, as well as assumptions for slightly higher revenue growth, improved profit margins and a modestly higher future P/E multiple. Analyst Commentary Recent Street research on Rolls-Royce Holdings points to a cluster of higher price targets and generally constructive views on execution and earnings power.
ULVR
UK£46.21
Unilever
7D
-3.4%
1Y
-11.0%
Narrative Update • Sep 03

ULVR: Q2 Volume Execution And Merger Progress Will Drive Upside Case

Unilever's updated fair value estimate rises by about £2 to £60.24 per share, reflecting analysts' higher long term earnings assumptions after recent volume led beats and modestly stronger margin expectations. Analyst Commentary Recent research updates on Unilever highlight a mix of optimism on execution and caution on medium term margins.
STAN
UK£22.63
Standard Chartered
7D
2.7%
1Y
59.4%
Narrative Update • Sep 03

STAN: Fair Value Case Will Test Repricing Against Indonesia Exposure And Efficiency Execution

The analyst price target for Standard Chartered has moved higher by about £1.13 to £22.84, supported by Street research that cites firmer expectations around revenue growth, profit margins and medium term P/E assumptions despite a mix of rating changes across banks. Analyst Commentary Recent research on Standard Chartered points to a more constructive tone overall, with several price target lifts in the £22 to £24 range and a mix of Overweight, Neutral and Buy views.
ANTO
UK£39.98
Antofagasta
7D
3.9%
1Y
82.1%
Narrative Update • Aug 19

ANTO: Copper Output Resilience And 2028 Free Cash Flow Timing Will Shape Returns

Antofagasta's analyst fair value has been trimmed from £38.80 to £37.87 as analysts factor in slightly lower revenue growth expectations, a modestly higher discount rate, and updated Street price targets that have recently shifted both up and down between roughly £33.40 and £44.00 per share. Analyst Commentary Recent Street research on Antofagasta shows a wide spread of views on both valuation and execution.
HLN
UK£3.35
Haleon
7D
-8.5%
1Y
-8.3%