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U.K. (FTSE) Market Analysis & Valuation

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies1090
  • 7D1.0%
  • 3M2.4%
  • 1Y18.0%
  • YTD5.4%

Over the last 7 days, the market has risen 1.0%, driven by gains of 4.1% in the Consumer Staples sector. The market is up 18% over the last 12 months. As for the next few years, earnings are expected to grow by 11% per annum.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Jun 2026UK£3.0tUK£2.0tUK£164.6b15.9x18x1.5x
Mon, 11 May 2026UK£2.9tUK£2.0tUK£161.0b16.1x18.1x1.4x
Wed, 08 Apr 2026UK£2.9tUK£2.0tUK£158.1b15.1x18.4x1.4x
Fri, 06 Mar 2026UK£2.9tUK£2.0tUK£152.0b16.4x19.3x1.5x
Sun, 01 Feb 2026UK£2.9tUK£1.9tUK£137.7b16.9x21.3x1.5x
Tue, 30 Dec 2025UK£2.8tUK£2.0tUK£138.0b16.1x20.5x1.4x
Thu, 27 Nov 2025UK£2.8tUK£2.0tUK£139.6b16.2x19.9x1.4x
Sat, 25 Oct 2025UK£2.8tUK£1.9tUK£135.3b16.7x20.5x1.4x
Mon, 22 Sep 2025UK£2.7tUK£1.9tUK£135.9b16.4x19.6x1.4x
Wed, 20 Aug 2025UK£2.7tUK£1.9tUK£134.2b15.9x19.8x1.4x
Fri, 18 Jul 2025UK£2.5tUK£1.9tUK£127.6b15.9x19.8x1.3x
Sun, 15 Jun 2025UK£2.5tUK£1.9tUK£127.3b16.1x19.7x1.3x
Tue, 13 May 2025UK£2.5tUK£2.0tUK£131.3b15.9x18.7x1.2x
Thu, 10 Apr 2025UK£2.2tUK£2.0tUK£137.0b14.3x16x1.1x
Sat, 08 Mar 2025UK£2.5tUK£2.0tUK£137.6b15.5x18.1x1.2x
Mon, 03 Feb 2025UK£2.5tUK£2.0tUK£124.1b15.9x20.3x1.2x
Wed, 01 Jan 2025UK£2.4tUK£2.0tUK£122.7b15.9x19.6x1.2x
Fri, 29 Nov 2024UK£2.4tUK£2.0tUK£122.9b16.4x19.8x1.2x
Sun, 27 Oct 2024UK£2.4tUK£2.0tUK£123.6b16.2x19.7x1.2x
Tue, 24 Sep 2024UK£2.4tUK£2.0tUK£118.1b16.9x19.9x1.2x
Thu, 22 Aug 2024UK£2.4tUK£2.0tUK£120.1b17x20.3x1.2x
Sat, 20 Jul 2024UK£2.4tUK£2.0tUK£129.3b16.7x18.7x1.2x
Mon, 17 Jun 2024UK£2.4tUK£2.0tUK£130.3b16.4x18.6x1.2x
Wed, 15 May 2024UK£2.5tUK£2.1tUK£135.8b17x18.5x1.2x
Fri, 12 Apr 2024UK£2.4tUK£2.1tUK£147.6b15.9x16.2x1.1x
Sun, 10 Mar 2024UK£2.3tUK£2.1tUK£144.3b15.8x16.2x1.1x
Tue, 06 Feb 2024UK£2.3tUK£2.1tUK£178.7b14.8x12.7x1.1x
Thu, 04 Jan 2024UK£2.3tUK£2.1tUK£194.1b15.1x12x1.1x
Sat, 02 Dec 2023UK£2.3tUK£2.1tUK£193.0b14.4x11.8x1.1x
Mon, 30 Oct 2023UK£2.2tUK£2.2tUK£186.2b13.4x11.8x1x
Wed, 27 Sep 2023UK£2.3tUK£2.2tUK£187.2b14.3x12.5x1.1x
Fri, 25 Aug 2023UK£2.3tUK£2.2tUK£184.8b14.4x12.2x1.1x
Sun, 23 Jul 2023UK£2.4tUK£2.2tUK£206.7b14.1x11.6x1.1x
Tue, 20 Jun 2023UK£2.4tUK£2.2tUK£207.6b14.3x11.4x1.1x
Price to Earnings Ratio

11.4x


Total Market Cap: UK£2.4tTotal Earnings: UK£207.6bTotal Revenue: UK£2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Market Price to Earnings3Y Average 17.5x202420252026
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 17.5x.
Past Earnings Growth
  • The earnings for companies in the British industry have declined 7.4% per year over the last three years.
  • Revenues have also declined 2.3% 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 Market1.05%
Real Estate4.28%
Consumer Staples4.08%
Telecom3.07%
Consumer Discretionary2.66%
Materials1.80%
Financials1.57%
Industrials0.62%
Utilities-0.78%
Energy-0.84%
Healthcare-1.36%
Tech-8.77%
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 27.5%, which is higher than its past year's earnings growth of 3.1% 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 10.1x.
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 3.1% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 7.0% 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£46.315.2%
+UK£4.9b		29.1%PE13xConsumer Staples
ULVR UnileverUK£43.864.7%
+UK£4.3b		-15.9%PE19.3xConsumer Staples
RR. Rolls-Royce HoldingsUK£13.083.8%
+UK£4.0b		50.3%PE18.5xIndustrials
RIO Rio Tinto GroupUK£78.142.8%
+UK£3.4b		82.2%PE17.1xMaterials
HSBA HSBC HoldingsUK£13.730.9%
+UK£2.1b		58.4%PB1.6xFinancials
See more

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Latest News

HLMA
UK£38.98
Halma
7D
-16.4%
1Y
25.3%
REL
UK£24.92
RELX
7D
-4.7%
1Y
-36.0%
HSBA
UK£13.73
HSBC Holdings
7D
0.9%
1Y
58.4%
GSK
UK£19.84
GSK
7D
2.4%
1Y
31.3%
BATS
UK£46.31
British American Tobacco
7D
5.2%
1Y
29.1%
LLOY
UK£1.02
Lloyds Banking Group
7D
3.2%
1Y
33.8%
Narrative Update • Jun 11

LLOY: Motor Finance Uncertainty And Buybacks Will Still Limit Future Upside

Analysts have adjusted their price target for Lloyds Banking Group slightly, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E. Investors should note that the move in the target, while modest in £ terms, is supported by these refreshed inputs.
BARC
UK£4.73
Barclays
7D
3.3%
1Y
48.1%
Narrative Update • Jun 10

BARC: Buyback And Fee Cuts Are Expected To Support Stronger Returns

Analysts have made a small adjustment to their £5.39 price target for Barclays, reflecting fine tuned assumptions around the bank’s discount rate, revenue growth, profit margin and future P/E that keep their overall valuation view broadly unchanged. What's in the News Barclays chief executive CS Venkatakrishnan has called for the UK to "fight" harder for foreign investment, arguing that Britain needs a clearer pitch to global investors and a regulatory and business environment that supports confidence.
SHEL
UK£32.21
Shell
7D
-0.2%
1Y
22.4%
RR.
UK£13.08
Rolls-Royce Holdings
7D
3.8%
1Y
50.3%
Narrative Update • Jun 09

RR.: Turnaround Execution And Buybacks Will Support Future Re Rating Potential

Rolls-Royce Holdings' analyst price target has been adjusted slightly to around £14.17 from £14.27, as analysts factor in recent target changes across the Street and continued momentum highlighted in new coverage. Analyst Commentary Bullish Takeaways Bullish analysts highlight what they see as continued momentum across Rolls-Royce's divisions, which they factor into higher valuation targets such as the 1,500 GBp level mentioned in recent coverage.
BP.
UK£5.35
BP
7D
-2.1%
1Y
38.3%
RIO
UK£78.14
Rio Tinto Group
7D
2.8%
1Y
82.2%
RPI
UK£8.09
Raspberry Pi Holdings
7D
-23.1%
1Y
68.4%
ULVR
UK£43.86
Unilever
7D
4.7%
1Y
-15.9%
Narrative Update • Jun 06

ULVR: Planned Foods Combination And Innovation Hub Will Support Further Upside

Unilever's analyst price target has been trimmed by £600 to £3,700 as analysts factor in slightly higher long term earnings expectations, while also questioning how far the stock can stretch toward U.S. peer valuation levels. Analyst Commentary Recent research on Unilever points to a mixed setup, with some analysts leaning more constructive on execution and earnings potential, while others remain cautious on how far the valuation can stretch versus U.S. peers.
AZN
UK£134.62
AstraZeneca
7D
-2.9%
1Y
22.5%
LSEG
UK£90.10
London Stock Exchange Group
7D
-4.0%
1Y
-18.4%
BA.
UK£19.11
BAE Systems
7D
-1.0%
1Y
-1.4%
Narrative Update • Jun 03

BA.: Expanding Space And Missile Defense Exposure Should Support Earnings Repricing

Analysts have lifted their fair value estimate for BAE Systems from £26.00 to £26.62, citing updated assumptions around revenue growth, profit margins, discount rates and future P/E expectations following recent Street research, including a £0.50 price target increase from UBS. What's in the News MDA Space has been selected by BAE Systems to provide antennas and control electronics for the U.S. Space Development Agency's Medium Earth Orbit EPOCH 2 Constellation, supporting national security satellite architecture and missile defense capabilities.