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U.K. (FTSE) Market Analysis & Valuation

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies1086
  • 7D0.5%
  • 3M-2.2%
  • 1Y18.0%
  • YTD4.9%

In the last week, the market has been flat, with a notable exception in the Materials sector dropping 7.3%. As for the longer term, the market has risen 18% in the past 12 months. 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
Fri, 22 May 2026UK£2.9tUK£2.0tUK£164.8b15.8x17.9x1.5x
Sun, 19 Apr 2026UK£3.0tUK£2.0tUK£157.4b16.2x19.2x1.5x
Tue, 17 Mar 2026UK£2.9tUK£2.0tUK£156.8b16x18.4x1.4x
Thu, 12 Feb 2026UK£3.0tUK£1.9tUK£140.3b16.9x21.4x1.5x
Sat, 10 Jan 2026UK£2.9tUK£2.0tUK£138.0b16.8x21x1.5x
Mon, 08 Dec 2025UK£2.8tUK£2.0tUK£138.5b16.1x20.1x1.4x
Wed, 05 Nov 2025UK£2.8tUK£2.0tUK£139.1b16.2x20x1.4x
Fri, 03 Oct 2025UK£2.7tUK£1.9tUK£135.7b16.7x20x1.4x
Sun, 31 Aug 2025UK£2.7tUK£1.9tUK£135.2b16x19.7x1.4x
Tue, 29 Jul 2025UK£2.6tUK£1.9tUK£126.3b16.2x20.2x1.3x
Thu, 26 Jun 2025UK£2.5tUK£1.9tUK£126.8b16.4x19.4x1.3x
Sat, 24 May 2025UK£2.5tUK£1.9tUK£125.8b16.2x19.7x1.3x
Mon, 21 Apr 2025UK£2.4tUK£2.0tUK£134.9b15.3x17.5x1.2x
Wed, 19 Mar 2025UK£2.5tUK£2.0tUK£135.8b15.6x18.4x1.3x
Fri, 14 Feb 2025UK£2.5tUK£2.0tUK£121.8b16.4x20.8x1.2x
Sun, 12 Jan 2025UK£2.4tUK£2.1tUK£124.7b15.8x19.3x1.2x
Tue, 10 Dec 2024UK£2.5tUK£2.0tUK£122.1b16.5x20.1x1.2x
Thu, 07 Nov 2024UK£2.4tUK£2.0tUK£118.6b16.3x20.3x1.2x
Sat, 05 Oct 2024UK£2.4tUK£2.0tUK£118.4b16.5x20.5x1.2x
Mon, 02 Sep 2024UK£2.5tUK£2.0tUK£119.2b16.9x20.7x1.2x
Wed, 31 Jul 2024UK£2.4tUK£2.0tUK£127.6b16.8x19.1x1.2x
Fri, 28 Jun 2024UK£2.4tUK£2.0tUK£132.3b16.3x18.2x1.2x
Sun, 26 May 2024UK£2.5tUK£2.0tUK£128.9b17.2x19.3x1.2x
Tue, 23 Apr 2024UK£2.4tUK£2.1tUK£149.1b15.6x16x1.1x
Thu, 21 Mar 2024UK£2.4tUK£2.1tUK£146.1b16x16.1x1.1x
Sat, 17 Feb 2024UK£2.3tUK£2.0tUK£144.5b15.2x15.9x1.1x
Mon, 15 Jan 2024UK£2.3tUK£2.1tUK£193.4b14.9x12x1.1x
Wed, 13 Dec 2023UK£2.3tUK£2.1tUK£194.2b14.6x11.7x1.1x
Fri, 10 Nov 2023UK£2.2tUK£2.2tUK£195.0b13.9x11.5x1x
Sun, 08 Oct 2023UK£2.3tUK£2.2tUK£186.3b13.9x12.3x1.1x
Tue, 05 Sep 2023UK£2.3tUK£2.1tUK£184.5b14.5x12.5x1.1x
Thu, 03 Aug 2023UK£2.4tUK£2.1tUK£189.2b14.6x12.4x1.1x
Sat, 01 Jul 2023UK£2.3tUK£2.2tUK£208.2b14.2x11.3x1.1x
Mon, 29 May 2023UK£2.4tUK£2.2tUK£213.9b14x11.2x1.1x
Price to Earnings Ratio

11.2x


Total Market Cap: UK£2.4tTotal Earnings: UK£213.9bTotal Revenue: UK£2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Market Price to Earnings3Y Average 17.4x202420252026
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 17.4x.
Past Earnings Growth
  • The earnings for companies in the British industry have declined 8.3% per year over the last three years.
  • Revenues have also declined 3.1% 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 Market0.52%
Energy2.88%
Consumer Staples2.41%
Financials1.94%
Industrials1.68%
Real Estate1.54%
Healthcare1.47%
Consumer Discretionary1.19%
Tech-0.092%
Telecom-0.39%
Utilities-2.49%
Materials-7.29%
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 30.6%, which is higher than its past year's earnings growth of 5.1% 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 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings growth rate of 5.1% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 6.6% 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
SHEL ShellUK£32.392.9%
+UK£5.0b		32.7%PE13xEnergy
AZN AstraZenecaUK£140.061.9%
+UK£4.1b		35.0%PE28.1xHealthcare
BP. BPUK£5.654.5%
+UK£3.8b		58.4%PE36.5xEnergy
DGE DiageoUK£15.865.7%
+UK£1.9b		-23.1%PE19.6xConsumer Staples
REL RELXUK£24.664.3%
+UK£1.8b		-39.8%PE21.2xIndustrials
See more

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Latest News

DGE
UK£15.86
Diageo
7D
5.7%
1Y
-23.1%
BP.
UK£5.65
BP
7D
4.5%
1Y
58.4%
AZN
UK£140.06
AstraZeneca
7D
1.9%
1Y
35.0%
RIO
UK£77.68
Rio Tinto Group
7D
-4.7%
1Y
69.3%
AAL
UK£37.98
Anglo American
7D
-6.5%
1Y
57.8%
SHEL
UK£32.39
Shell
7D
2.9%
1Y
32.7%
AAF
UK£3.25
Airtel Africa
7D
-11.7%
1Y
79.6%
GSK
UK£19.15
GSK
7D
2.2%
1Y
34.0%
III
UK£22.50
3i Group
7D
6.5%
1Y
-44.7%
Analysis Article • May 19

Growth Investors: Industry Analysts Just Upgraded Their 3i Group plc (LON:III) Revenue Forecasts By 13%

Shareholders in 3i Group plc ( LON:III ) may be thrilled to learn that the analysts have just delivered a major upgrade...
FRES
UK£32.96
Fresnillo
7D
-11.1%
1Y
198.0%
Narrative Update • May 18

FRES: Production Slippage And Diverging Street Views Will Pressure Future Returns

Fresnillo’s updated analyst price target has shifted to reflect mixed recent moves, including a £4.00 increase at Citi and several reductions of £1.00 to £4.00 at other firms, as analysts factor in revised assumptions for discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent Street research on Fresnillo shows a split view, with some higher price targets sitting alongside a series of reductions.
HSBA
UK£13.58
HSBC Holdings
7D
0.6%
1Y
54.2%
ANTO
UK£38.94
Antofagasta
7D
-8.7%
1Y
122.2%
Narrative Update • May 15

ANTO: Geopolitical And Sector Risks Will Likely Pressure Copper Upside Potential

Analysts have nudged the fair value estimate for Antofagasta slightly lower to £23.50 from about £23.72, reflecting a modestly higher discount rate and mixed price target revisions, with several recent moves in the £100 to £600 range across the broker community. Analyst Commentary Recent Street research on Antofagasta shows a wide spread of views, with some firms lifting price targets while others turn more cautious.
BATS
UK£48.92
British American Tobacco
7D
-1.4%
1Y
48.5%
CPG
US$31.55
Compass Group
7D
-5.3%
1Y
-12.6%
GLEN
UK£5.74
Glencore
7D
-3.7%
1Y
115.1%
REL
UK£24.66
RELX
7D
4.3%
1Y
-39.8%
Narrative Update • May 08

REL: Q4 Earnings Resilience And Buybacks Will Support Future Multiple

Analysts have slightly reduced their fair value estimate for RELX to £36.18 from £36.42. This change reflects modestly lower revenue growth assumptions and a marginally lower future P/E multiple, while still pointing to Q4 earnings resilience and limited observable impact from AI concerns.