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U.K. (FTSE) Market Analysis & Valuation

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies1101
  • 7D-2.8%
  • 3M1.8%
  • 1Y15.7%
  • YTD14.3%

Over the last 7 days, the market has dropped 2.8%, driven by a pullback of 5.1% in the Financials sector. In the last year, the market is actually up 16%. Earnings are forecast to grow by 14% annually.

Trending IndustriesOil and GasGoldBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025UK£2.7tUK£2.0tUK£139.2b16.1x19.6x1.4x
Sun, 19 Oct 2025UK£2.7tUK£1.9tUK£135.4b16.4x19.9x1.4x
Tue, 16 Sep 2025UK£2.7tUK£1.9tUK£135.2b16.6x19.8x1.4x
Thu, 14 Aug 2025UK£2.7tUK£1.9tUK£133.5b15.8x19.9x1.4x
Sat, 12 Jul 2025UK£2.5tUK£1.9tUK£127.0b16.2x19.9x1.3x
Mon, 09 Jun 2025UK£2.5tUK£1.9tUK£127.0b16.2x19.6x1.3x
Wed, 07 May 2025UK£2.4tUK£2.0tUK£130.3b16.1x18.8x1.3x
Fri, 04 Apr 2025UK£2.4tUK£2.0tUK£135.5b15x17.8x1.2x
Sun, 02 Mar 2025UK£2.5tUK£2.0tUK£139.0b15.7x18.2x1.2x
Tue, 28 Jan 2025UK£2.5tUK£2.1tUK£123.4b15.9x20.1x1.2x
Thu, 26 Dec 2024UK£2.4tUK£2.0tUK£122.9b15.9x19.5x1.2x
Sat, 23 Nov 2024UK£2.4tUK£2.1tUK£123.9b16.4x19.6x1.2x
Mon, 21 Oct 2024UK£2.4tUK£2.0tUK£118.7b16.5x20.5x1.2x
Wed, 18 Sep 2024UK£2.4tUK£2.0tUK£118.8b16.7x20.6x1.2x
Fri, 16 Aug 2024UK£2.5tUK£2.0tUK£122.2b16.6x20.1x1.2x
Sun, 14 Jul 2024UK£2.4tUK£2.0tUK£129.8b17x18.8x1.2x
Tue, 11 Jun 2024UK£2.5tUK£2.0tUK£129.9b16.7x18.9x1.2x
Thu, 09 May 2024UK£2.5tUK£2.1tUK£137.4b16.7x18.1x1.2x
Sat, 06 Apr 2024UK£2.4tUK£2.1tUK£146.0b16x16.4x1.1x
Mon, 04 Mar 2024UK£2.3tUK£2.0tUK£142.0b15.3x16.3x1.1x
Wed, 31 Jan 2024UK£2.3tUK£2.1tUK£192.5b14.9x12x1.1x
Fri, 29 Dec 2023UK£2.3tUK£2.1tUK£193.6b15x12.1x1.1x
Sun, 26 Nov 2023UK£2.3tUK£2.1tUK£193.7b14.4x11.7x1.1x
Tue, 24 Oct 2023UK£2.3tUK£2.2tUK£186.6b13.5x12.1x1x
Thu, 21 Sep 2023UK£2.4tUK£2.2tUK£185.2b14.6x12.8x1.1x
Sat, 19 Aug 2023UK£2.2tUK£2.1tUK£184.2b14.2x12.2x1.1x
Mon, 17 Jul 2023UK£2.3tUK£2.2tUK£204.7b14x11.3x1.1x
Wed, 14 Jun 2023UK£2.4tUK£2.2tUK£209.6b14.3x11.3x1.1x
Fri, 12 May 2023UK£2.4tUK£2.2tUK£210.8b14.4x11.5x1.1x
Sun, 09 Apr 2023UK£2.4tUK£2.2tUK£180.0b13.8x13.5x1.1x
Tue, 07 Mar 2023UK£2.5tUK£2.2tUK£189.3b13.9x13.4x1.2x
Thu, 02 Feb 2023UK£2.5tUK£2.1tUK£184.4b14x13.5x1.2x
Sat, 31 Dec 2022UK£2.4tUK£2.1tUK£185.6b13.4x13x1.1x
Mon, 28 Nov 2022UK£2.4tUK£2.1tUK£186.9b13.4x13x1.1x
Price to Earnings Ratio

13x


Total Market Cap: UK£2.4tTotal Earnings: UK£186.9bTotal Revenue: UK£2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Market Price to Earnings3Y Average 16.3x202320242025
Current Market PE
  • Investors are optimistic on the British market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 19.6x which is higher than its 3-year average PE of 16.3x.
Past Earnings Growth
  • The earnings for companies in the British industry have declined 9.4% per year over the last three years.
  • Revenues have also declined 2.1% 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-2.81%
Tech0.78%
Healthcare-0.30%
Energy-1.21%
Consumer Staples-1.52%
Telecom-1.99%
Consumer Discretionary-2.47%
Utilities-3.29%
Industrials-3.36%
Materials-3.52%
Real Estate-4.76%
Financials-5.12%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 52.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.4%, which is higher than its past year's earnings growth of 10.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings growth rate of 5.5% per year.
  • In contrast, the Industrials sector is expected to see its earnings grow by 7.6% 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£136.501.2%
+UK£2.4b		35.7%PE29.5xHealthcare
HLMA HalmaUK£36.187.0%
+UK£888.2m		36.8%PE46.1xTech
BATS British American TobaccoUK£41.830.9%
+UK£758.2m		43.1%PE29.9xConsumer Staples
ZEG Zegona CommunicationsUK£12.657.7%
+UK£683.3m		288.0%PS4.5xTelecom
GAW Games Workshop GroupUK£182.6012.5%
+UK£669.4m		55.9%PE30.7xConsumer Discretionary
See more

Market Insights

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🇬🇧 London’s IPO Drought and the Hunt for the UK’s Real Winners
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Richard Bowman
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This week, we will unpack the FTSE 100 vs FTSE 250 divide, the industries driving returns, and why the UK is increasingly a stock-picker’s market heading into 2026.
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IMB
UK£32.60
Imperial Brands
7D
1.9%
1Y
29.9%
SGE
UK£10.85
Sage Group
7D
-2.1%
1Y
-14.3%
HSBA
UK£10.44
HSBC Holdings
7D
-6.8%
1Y
43.7%
AZN
UK£136.50
AstraZeneca
7D
1.2%
1Y
35.7%
GAW
UK£182.60
Games Workshop Group
7D
12.5%
1Y
55.9%
BATS
UK£41.83
British American Tobacco
7D
0.9%
1Y
43.1%

British American Tobacco (LON:BATS) Seems To Use Debt Quite Sensibly

Nov 20
British American Tobacco (LON:BATS) Seems To Use Debt Quite Sensibly
ICG
UK£20.38
ICG
7D
5.1%
1Y
-1.8%

ICG: Amundi Partnership And Board Expansion Will Drive Long-Term Opportunities

Analysts have raised their price target for ICG from $25.68 to $26.12, citing updated fair value estimates as well as modest shifts in expected growth and profitability. What's in the News Amundi S.A. agreed to acquire a 9.9% stake in ICG.
DGE
UK£17.04
Diageo
7D
-6.3%
1Y
-27.5%

DGE: Operational Progress Will Drive Long-Term Earnings Stability Despite SNAP Headwinds

Diageo's fair value price target has been lowered from $23.48 to $22.05, as analysts cite softer revenue growth forecasts and rising discount rates, which are impacting future profit expectations. Analyst Commentary Recent analyst research highlights both opportunities and challenges impacting Diageo's valuation and sector performance.
LLOY
UK£0.87
Lloyds Banking Group
7D
-7.1%
1Y
58.9%
GLEN
UK£3.49
Glencore
7D
-6.4%
1Y
-8.5%

Calculating The Fair Value Of Glencore plc (LON:GLEN)

Nov 19
Calculating The Fair Value Of Glencore plc (LON:GLEN)
RR.
UK£10.79
Rolls-Royce Holdings
7D
-3.7%
1Y
99.5%

RR.: Shares Will Face Opportunities And Delays Amid Industry Recovery And New Engine Talks

Analysts have raised their fair value estimate for Rolls-Royce Holdings slightly to £11.93 per share. They cite improved long-term profit margins and ongoing operational turnaround as key factors supporting the higher price target.
HLMA
UK£36.18
Halma
7D
7.0%
1Y
36.8%

Halma plc's (LON:HLMA) Business Is Yet to Catch Up With Its Share Price

Nov 18
Halma plc's (LON:HLMA) Business Is Yet to Catch Up With Its Share Price
SHEL
UK£28.14
Shell
7D
-1.6%
1Y
8.3%
BARC
UK£3.98
Barclays
7D
-6.9%
1Y
51.4%
ZEG
UK£12.65
Zegona Communications
7D
7.7%
1Y
288.0%

There's Been No Shortage Of Growth Recently For Zegona Communications' (LON:ZEG) Returns On Capital

Nov 11
There's Been No Shortage Of Growth Recently For Zegona Communications' (LON:ZEG) Returns On Capital
NWG
UK£5.77
NatWest Group
7D
-7.4%
1Y
44.1%

NWG: Improved Profitability And Capital Returns Will Drive Shares Despite Revenue Pressure

NatWest Group's analyst price target has been upgraded from £6.05 to £6.37 per share. This reflects analysts' expectations for improved profitability and steady capital returns, despite slightly slower anticipated revenue growth.