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U.K. (FTSE) Market Analysis & Valuation

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies1088
  • 7D-0.02%
  • 3M-0.4%
  • 1Y16.8%
  • YTD4.4%

Over the last 7 days, the market has remained flat, although notably the Materials sector declined by 3.7%. More promisingly, the market is up 17% over the past year. 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
Tue, 09 Jun 2026UK£2.9tUK£2.0tUK£165.1b15.9x17.7x1.4x
Thu, 07 May 2026UK£3.0tUK£2.0tUK£160.3b16.1x18.4x1.5x
Sat, 04 Apr 2026UK£2.9tUK£2.0tUK£158.6b15.1x18.5x1.5x
Mon, 02 Mar 2026UK£3.1tUK£2.0tUK£151.4b17x20.5x1.6x
Wed, 28 Jan 2026UK£2.9tUK£1.9tUK£136.4b16.9x21.5x1.5x
Fri, 26 Dec 2025UK£2.8tUK£2.0tUK£138.7b16.1x20.4x1.4x
Sun, 23 Nov 2025UK£2.7tUK£2.0tUK£139.0b16x19.7x1.4x
Tue, 21 Oct 2025UK£2.7tUK£1.9tUK£135.5b16.5x20x1.4x
Thu, 18 Sep 2025UK£2.7tUK£1.9tUK£135.2b16.3x19.7x1.4x
Sat, 16 Aug 2025UK£2.7tUK£1.9tUK£133.8b15.7x19.8x1.4x
Mon, 14 Jul 2025UK£2.5tUK£1.9tUK£127.3b16.1x19.8x1.3x
Wed, 11 Jun 2025UK£2.5tUK£1.9tUK£127.5b16.4x19.7x1.3x
Fri, 09 May 2025UK£2.4tUK£2.0tUK£130.8b16x18.6x1.2x
Sun, 06 Apr 2025UK£2.3tUK£2.0tUK£136.6b14.5x16.8x1.1x
Tue, 04 Mar 2025UK£2.5tUK£2.0tUK£138.5b15.7x18.3x1.3x
Thu, 30 Jan 2025UK£2.5tUK£2.1tUK£123.6b16.1x20.2x1.2x
Sat, 28 Dec 2024UK£2.4tUK£2.0tUK£122.6b15.9x19.5x1.2x
Mon, 25 Nov 2024UK£2.4tUK£2.1tUK£124.0b16.4x19.6x1.2x
Wed, 23 Oct 2024UK£2.4tUK£2.0tUK£119.0b16.3x20.3x1.2x
Fri, 20 Sep 2024UK£2.4tUK£2.0tUK£118.2b16.9x20.7x1.2x
Sun, 18 Aug 2024UK£2.4tUK£2.0tUK£121.8b16.8x20.1x1.2x
Tue, 16 Jul 2024UK£2.4tUK£2.0tUK£130.0b16.9x18.6x1.2x
Thu, 13 Jun 2024UK£2.4tUK£2.0tUK£129.6b16.4x18.7x1.2x
Sat, 11 May 2024UK£2.5tUK£2.1tUK£136.5b16.9x18.4x1.2x
Mon, 08 Apr 2024UK£2.4tUK£2.1tUK£146.0b16x16.4x1.1x
Wed, 06 Mar 2024UK£2.3tUK£2.0tUK£142.0b15.4x16.2x1.1x
Fri, 02 Feb 2024UK£2.3tUK£2.1tUK£182.6b14.8x12.6x1.1x
Sun, 31 Dec 2023UK£2.3tUK£2.1tUK£193.5b15.1x12.1x1.1x
Tue, 28 Nov 2023UK£2.3tUK£2.1tUK£193.6b14.3x11.7x1.1x
Thu, 26 Oct 2023UK£2.3tUK£2.2tUK£187.6b13.4x12.1x1x
Sat, 23 Sep 2023UK£2.4tUK£2.2tUK£186.6b14.5x12.6x1.1x
Mon, 21 Aug 2023UK£2.2tUK£2.1tUK£184.1b14.2x12.2x1x
Wed, 19 Jul 2023UK£2.3tUK£2.2tUK£205.2b13.8x11.4x1.1x
Fri, 16 Jun 2023UK£2.4tUK£2.2tUK£208.1b14.4x11.4x1.1x
Price to Earnings Ratio

11.4x


Total Market Cap: UK£2.4tTotal Earnings: UK£208.1bTotal 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 Market-0.021%
Healthcare2.69%
Consumer Discretionary1.74%
Utilities1.63%
Energy1.38%
Consumer Staples0.63%
Industrials0.35%
Telecom-0.38%
Financials-0.92%
Real Estate-1.65%
Tech-1.75%
Materials-3.72%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 52.2x.
    • 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 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 10.1x.
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 growth rate of 4.6% 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
AZN AstraZenecaUK£137.962.7%
+UK£5.6b		28.1%PE27.5xHealthcare
GSK GSKUK£19.133.8%
+UK£2.8b		26.8%PE13.1xHealthcare
SHEL ShellUK£32.431.5%
+UK£2.5b		29.5%PE12.9xEnergy
CPG Compass GroupUS$32.984.5%
+US$2.4b		-5.6%PE27.8xConsumer Discretionary
BP. BPUK£5.461.8%
+UK£1.5b		50.6%PE35xEnergy
See more

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Latest News

GSK
UK£19.04
GSK
7D
4.6%
1Y
26.2%
STAN
UK£18.11
Standard Chartered
7D
-12.2%
1Y
57.8%
RIO
UK£74.69
Rio Tinto Group
7D
-10.1%
1Y
70.7%
REL
UK£26.02
RELX
7D
5.2%
1Y
-33.5%
Narrative Update • Jun 06

REL: AI Moat And Buybacks Will Support Future Earnings Multiple

Narrative Update: RELX Analyst Price Target Shift The updated analyst fair value estimate for RELX has edged down from about £36.18 to £35.80 as analysts balance slightly higher discount rate assumptions with relatively steady growth, margin, and P/E expectations, following recent research that highlights both AI related risks and support from new AI products. Analyst Commentary Recent research on RELX shows a mix of optimism around AI driven products and caution about how AI related risks are perceived and priced into the stock.
ULVR
UK£42.85
Unilever
7D
4.4%
1Y
-18.2%
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.
SSE
UK£23.58
SSE
7D
4.5%
1Y
32.8%
Narrative Update • Jun 06

SSE: Higher Future P/E Multiple Will Support Bullish Long Term Outlook

Analysts have nudged their fair value estimate for SSE to £27.66 per share, reflecting updated expectations around more moderate revenue growth, firmer profit margins, and a higher assumed future P/E multiple that align with recent price target increases from several banks. Analyst Commentary Recent Street research on SSE has been mixed, with some banks lifting price targets while others are turning more cautious.
AZN
UK£136.32
AstraZeneca
7D
3.2%
1Y
25.4%
HSBA
UK£13.11
HSBC Holdings
7D
-7.0%
1Y
49.8%
Narrative Update • Jun 05

HSBA: Future Returns Will Hinge On Conviction Status And AI Cost Cuts

Analysts have lifted the HSBC Holdings price target to £14.20 from £13.67. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, alongside recent supportive research that includes price target increases and the stock being added to a European conviction list.
ANTO
UK£38.46
Antofagasta
7D
-12.7%
1Y
104.1%
Narrative Update • Jun 05

ANTO: Copper And Geopolitical Risks Will Restrain Future Share Performance

Narrative Update The analyst price target for Antofagasta is now set slightly higher at about £35.96 per share, up from £35.00, as analysts factor in updated assumptions on revenue, profit margins and future P/E, alongside a series of recent price target revisions across the Street. Analyst Commentary Recent research on Antofagasta shows a wide range of views, with some firms lifting targets and ratings while others trim targets or move to more cautious stances.
RR.
UK£12.25
Rolls-Royce Holdings
7D
-4.3%
1Y
39.2%
New Narrative • Jun 05

A company I wrote off that quietly turned itself around

A few years ago I thought Rolls-Royce was a mess. Today it's making real money again, paying down its problems, and handing cash back to shareholders.
HLN
UK£3.36
Haleon
7D
4.5%
1Y
-15.5%
GLEN
UK£5.69
Glencore
7D
-7.4%
1Y
96.3%
LSEG
UK£91.28
London Stock Exchange Group
7D
2.3%
1Y
-18.5%
PRU
UK£9.16
Prudential
7D
-14.8%
1Y
4.6%
Narrative Update • Jun 04

PRU: Capital Returns And India Insurance Deal Prospects Will Drive Re Rating

Prudential's updated analyst price target now sits at about £12.20, a small uplift from roughly £12.00, as analysts adjust their models for slightly higher assumed revenue growth and P/E multiples while tempering margin expectations, in line with a mix of recent target raises and trims across the Street. Analyst Commentary Recent Street research around Prudential reflects a split view, with some large houses lifting targets while others trim them, keeping the overall tone balanced rather than clearly bullish or bearish.
AAL
UK£37.68
Anglo American
7D
-10.8%
1Y
71.6%
Narrative Update • Jun 02

AAL: Copper And Iron Ore Downside Risks Will Drive Cautious Outlook

Anglo American's analyst fair value estimate has edged up from £36.53 to £36.80 as analysts refine their assumptions around discount rates, profit margins and future P/E expectations. Street price targets have been adjusted in a tight range between about £28.00 and £40.00.
TSCO
UK£4.56
Tesco
7D
5.9%
1Y
18.3%
Narrative Update • Jun 01

TSCO: Ecosystem Advantage And £750m Buyback Will Drive Future Upside

Analysts have nudged Tesco’s fair value estimate slightly higher to £5.15 from £5.12, reflecting updated views on its role in the UK grocery "ecosystem war" and recent price target increases from several banks. Analyst Commentary Recent research points toward a generally constructive stance on Tesco, with several price targets adjusted higher and new coverage framed around its position in what some describe as an "ecosystem war" in UK grocery rather than a simple price battle.