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

U.K. (FTSE) Market Analysis & Valuation

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies1087
  • 7D0.9%
  • 3M5.2%
  • 1Y17.7%
  • YTD4.5%

The Financials sector gained 6.2% while the market remained flat over the last week. Meanwhile, the market is actually up 18% over the past year. Looking forward, earnings are forecast to grow by 11% 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
Fri, 19 Jun 2026UK£2.9tUK£2.0tUK£165.6b16x17.7x1.4x
Sun, 17 May 2026UK£2.9tUK£2.0tUK£165.4b15.7x17.5x1.4x
Tue, 14 Apr 2026UK£3.0tUK£2.0tUK£157.2b15.8x19x1.5x
Thu, 12 Mar 2026UK£2.9tUK£2.0tUK£155.2b16x18.9x1.5x
Sat, 07 Feb 2026UK£3.0tUK£1.9tUK£140.7b16.9x21.1x1.5x
Mon, 05 Jan 2026UK£2.8tUK£2.0tUK£138.0b16.3x20.6x1.5x
Wed, 03 Dec 2025UK£2.8tUK£2.0tUK£139.9b16.2x20.1x1.4x
Fri, 31 Oct 2025UK£2.8tUK£2.0tUK£137.6b16.5x20.4x1.4x
Sun, 28 Sep 2025UK£2.7tUK£1.9tUK£135.9b16.6x19.7x1.4x
Tue, 26 Aug 2025UK£2.7tUK£1.9tUK£134.1b16.1x20.1x1.4x
Thu, 24 Jul 2025UK£2.6tUK£1.9tUK£126.9b16.1x20.1x1.3x
Sat, 21 Jun 2025UK£2.5tUK£1.9tUK£127.6b16.4x19.5x1.3x
Mon, 19 May 2025UK£2.5tUK£2.0tUK£133.0b16.5x18.6x1.3x
Wed, 16 Apr 2025UK£2.3tUK£2.0tUK£134.8b15.2x17.4x1.2x
Fri, 14 Mar 2025UK£2.4tUK£2.0tUK£137.3b15x17.8x1.2x
Sun, 09 Feb 2025UK£2.5tUK£2.0tUK£123.9b16x20.3x1.2x
Tue, 07 Jan 2025UK£2.4tUK£2.0tUK£123.0b15.9x19.7x1.2x
Thu, 05 Dec 2024UK£2.4tUK£2.0tUK£122.6b16.4x20x1.2x
Sat, 02 Nov 2024UK£2.4tUK£2.0tUK£118.3b16.3x20.4x1.2x
Mon, 30 Sep 2024UK£2.5tUK£2.0tUK£117.8b17x20.8x1.2x
Wed, 28 Aug 2024UK£2.5tUK£2.0tUK£119.2b17x20.6x1.2x
Fri, 26 Jul 2024UK£2.4tUK£2.0tUK£129.7b16.3x18.6x1.2x
Sun, 23 Jun 2024UK£2.4tUK£2.0tUK£132.0b16.7x18.4x1.2x
Tue, 21 May 2024UK£2.5tUK£2.0tUK£125.5b17.2x20.1x1.2x
Thu, 18 Apr 2024UK£2.4tUK£2.1tUK£148.3b15.7x16x1.1x
Sat, 16 Mar 2024UK£2.3tUK£2.0tUK£144.3b16.1x16.1x1.1x
Mon, 12 Feb 2024UK£2.3tUK£2.0tUK£144.7b15.2x15.6x1.1x
Wed, 10 Jan 2024UK£2.3tUK£2.1tUK£193.5b15x12x1.1x
Fri, 08 Dec 2023UK£2.3tUK£2.1tUK£193.9b14.7x11.7x1.1x
Sun, 05 Nov 2023UK£2.2tUK£2.1tUK£193.8b14x11.6x1x
Tue, 03 Oct 2023UK£2.3tUK£2.2tUK£186.7b14.3x12.5x1.1x
Thu, 31 Aug 2023UK£2.3tUK£2.1tUK£183.3b14.5x12.6x1.1x
Sat, 29 Jul 2023UK£2.4tUK£2.1tUK£191.6b14.3x12.5x1.1x
Mon, 26 Jun 2023UK£2.3tUK£2.2tUK£208.4b14.1x11.1x1.1x
Price to Earnings Ratio

11.1x


Total Market Cap: UK£2.3tTotal Earnings: UK£208.4bTotal Revenue: UK£2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Market Price to Earnings3Y Average 17.6x202420252026
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 17.6x.
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 2.2% 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 Market0.86%
Financials6.17%
Industrials3.69%
Materials2.38%
Tech1.52%
Real Estate1.27%
Consumer Discretionary1.12%
Consumer Staples-0.98%
Telecom-1.30%
Utilities-2.26%
Healthcare-2.39%
Energy-9.00%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 52.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 16.9%, 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 10.2x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 26% 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
HSBA HSBC HoldingsUK£14.429.1%
+UK£20.7b		66.9%PB1.7xFinancials
RR. Rolls-Royce HoldingsUK£14.1012.5%
+UK£12.9b		59.7%PE19.9xIndustrials
BARC BarclaysUK£5.0111.5%
+UK£6.9b		56.6%PB0.9xFinancials
LLOY Lloyds Banking GroupUK£1.068.0%
+UK£4.6b		40.5%PB1.3xFinancials
STAN Standard CharteredUK£20.5811.1%
+UK£4.5b		78.6%PB1.1xFinancials
See more

Market Insights

Header cover image
Every trend sets off ripples. The further out you think, the less crowded it gets.
Continue reading
The gravity of the SpaceX IPO

Latest News

BP.
UK£4.90
BP
7D
-10.1%
1Y
24.7%
GSK
UK£19.23
GSK
7D
-2.0%
1Y
34.0%
IAG
UK£4.63
International Consolidated Airlines Group
7D
13.7%
1Y
49.6%
AZN
UK£131.54
AstraZeneca
7D
-3.1%
1Y
24.7%
Narrative Update • Jun 18

AZN: New Approvals And AI Use Will Support Future Repricing

The latest narrative update on AstraZeneca reflects a modest trimming of the analyst fair value estimate to £164.85, as analysts factor in updated revenue growth and profit margin assumptions following recent price target increases and ongoing commentary around the company’s drug pipeline and regulatory outcomes. Analyst Commentary Recent Street research around AstraZeneca centers on how regulators and pricing decisions may affect the company’s growth options, as well as how advisory outcomes could influence execution risk in parts of its pipeline.
BA.
UK£18.40
BAE Systems
7D
-5.3%
1Y
-4.2%
Narrative Update • Jun 18

BA.: Strong Defence Demand And Buybacks Will Support Shares Into 2026

BAE Systems has seen its consensus analyst price target raised by £0.50 as analysts factor in updated fair value estimates, revised growth assumptions and a slightly higher discount rate in their valuation models. What’s in the News for BAE Systems BAE Systems shares rose in London as investors reacted to continued strong defence demand, a reaffirmed 2026 outlook for sales, underlying EBIT and EPS, and an ongoing share buyback program.
SHEL
UK£29.62
Shell
7D
-9.6%
1Y
9.8%
Analysis Article • Jun 17

Shell (LSE:SHEL) Stock Could Be 14.5% Undervalued After Annual Results

Shell (LSE:SHEL) recently drew investor attention after its latest annual figures showed revenue of $267.3b and net income of $18.8b, prompting fresh interest in how the stock’s recent performance compares with its longer term record. See our latest analysis for Shell. Despite the latest figures, Shell’s share price has eased in the short term, with the stock down 6.3% over the past week and 12.3% over 90 days. The 1 year total shareholder return of 18.2% points to stronger, long term...
HSBA
UK£14.42
HSBC Holdings
7D
9.1%
1Y
66.9%
LSEG
UK£83.38
London Stock Exchange Group
7D
-5.8%
1Y
-23.2%
Narrative Update • Jun 17

LSEG: Digital Expansion And Share Buybacks Will Support Future Share Price Upside

Analysts have nudged their price targets for London Stock Exchange Group higher, with one recent move adding £1.00 to the prior level. The change reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
BARC
UK£5.01
Barclays
7D
11.5%
1Y
56.6%
NWG
UK£6.41
NatWest Group
7D
9.1%
1Y
25.2%
BATS
UK£44.00
British American Tobacco
7D
-4.0%
1Y
20.5%
Narrative Update • Jun 15

BATS: Future Returns Will Reflect Smokeless Transition Progress And Dividend Dependability

Analysts have raised their fair value estimate for British American Tobacco from £46.21 to £50.27. This reflects updated assumptions around discount rates, profit margins and future P/E expectations.
RR.
UK£14.10
Rolls-Royce Holdings
7D
12.5%
1Y
59.7%
REL
UK£23.48
RELX
7D
-4.6%
1Y
-39.9%
LLOY
UK£1.06
Lloyds Banking Group
7D
8.0%
1Y
40.5%
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.
STAN
UK£20.58
Standard Chartered
7D
11.1%
1Y
78.6%
ANTO
UK£41.69
Antofagasta
7D
8.1%
1Y
145.2%
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.