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U.K. (FTSE) Tech Sector Analysis

UpdatedMay 08, 2024
DataAggregated Company Financials
Companies133
  • 7D1.6%
  • 3M3.2%
  • 1Y8.3%
  • YTD4.7%

Halma is up 3.5%, leading the way for the Tech industry, which has gained 1.6%. In the last 12 months, the industry was up 8.3%. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 May 2024UK£54.4bUK£24.0bUK£998.4m28.1x54.4x2.3x
Sat, 06 Apr 2024UK£52.9bUK£24.1bUK£893.6m28.4x59.2x2.2x
Mon, 04 Mar 2024UK£53.2bUK£24.4bUK£917.8m29x58x2.2x
Wed, 31 Jan 2024UK£74.3bUK£31.4bUK£938.2m28.9x79.2x2.4x
Fri, 29 Dec 2023UK£74.3bUK£31.4bUK£949.6m27.8x78.2x2.4x
Sun, 26 Nov 2023UK£70.7bUK£32.0bUK£1.0b27.9x69.1x2.2x
Tue, 24 Oct 2023UK£66.9bUK£31.9bUK£1.0b25.8x66.8x2.1x
Thu, 21 Sep 2023UK£72.2bUK£31.7bUK£1.0b29.2x69.8x2.3x
Sat, 19 Aug 2023UK£69.9bUK£30.8bUK£1.0b28.4x67.5x2.3x
Mon, 17 Jul 2023UK£73.6bUK£31.1bUK£1.1b28x70.1x2.4x
Wed, 14 Jun 2023UK£75.2bUK£30.9bUK£1.2b31.2x64.3x2.4x
Fri, 12 May 2023UK£73.8bUK£31.0bUK£1.1b31.5x68x2.4x
Sun, 09 Apr 2023UK£71.8bUK£30.8bUK£1.3b30.4x56.2x2.3x
Tue, 07 Mar 2023UK£98.9bUK£40.2bUK£3.0b29.6x33.3x2.5x
Thu, 02 Feb 2023UK£97.9bUK£39.7bUK£2.8b29.4x35.2x2.5x
Sat, 31 Dec 2022UK£95.3bUK£39.7bUK£2.8b28.4x34.6x2.4x
Mon, 28 Nov 2022UK£101.0bUK£39.5bUK£2.8b29.2x36.2x2.6x
Wed, 26 Oct 2022UK£94.5bUK£39.2bUK£2.7b28.9x34.8x2.4x
Fri, 23 Sep 2022UK£92.7bUK£39.1bUK£2.7b30.5x34.2x2.4x
Sun, 21 Aug 2022UK£92.1bUK£37.4bUK£2.6b31.5x35.5x2.5x
Tue, 19 Jul 2022UK£81.1bUK£37.0bUK£2.9b30.5x27.5x2.2x
Thu, 16 Jun 2022UK£72.6bUK£34.6bUK£1.8b30x39.6x2.1x
Sat, 14 May 2022UK£75.3bUK£34.1bUK£1.9b30.6x40.3x2.2x
Mon, 11 Apr 2022UK£86.3bUK£33.7bUK£1.8b30.8x47.5x2.6x
Wed, 09 Mar 2022UK£81.1bUK£32.9bUK£1.8b30x46x2.5x
Fri, 04 Feb 2022UK£91.8bUK£32.7bUK£286.5m36.7x320.4x2.8x
Sun, 02 Jan 2022UK£103.7bUK£31.0bUK£276.8m42.4x374.7x3.4x
Tue, 30 Nov 2021UK£99.5bUK£30.9bUK£219.2m42.6x453.8x3.2x
Thu, 28 Oct 2021UK£103.9bUK£30.5bUK£182.3m45.9x569.8x3.4x
Sat, 25 Sep 2021UK£110.9bUK£29.2bUK£109.6m48.3x1012x3.8x
Mon, 23 Aug 2021UK£103.6bUK£28.5bUK£170.6m47.8x607x3.6x
Sat, 10 Jul 2021UK£85.0bUK£28.0bUK£137.9m45.2x616.4x3x
Price to Earnings Ratio

-416.5x


Total Market Cap: UK£84.0bTotal Earnings: -UK£201,800,711.90Total Revenue: UK£27.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Tech Sector Price to Earnings3Y Average 167.5x202220232024
Current Industry PE
  • Investors are pessimistic on the British Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 54.4x which is lower than its 3-year average PE of 168x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • Total earnings for the Information Technology industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 4.6% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the U.K. Tech sector?

GB Market1.96%
Tech1.65%
Electronic Equipment and Components2.38%
IT1.76%
Software1.53%
Tech Hardware-0.37%
Communications-0.59%
Semiconductors-3.96%
Industry PE
  • Investors are most optimistic about the Software industry, which is trading close to its 3-year average PE ratio of 218x.
    • Analysts are expecting annual earnings growth of 21.1%, which is higher than its past year's earnings growth of 17.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech Hardware industry, expecting annual earnings growth of 55% over the next 5 years.
  • However this is lower than its past earnings growth rate of 292% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HLMA HalmaUK£23.285.5%
+UK£460.2m		-2.4%PE36.9x
SGE Sage GroupUK£11.983.1%
+UK£364.4m		48.2%PE56.7x
SCT SoftcatUK£16.324.6%
+UK£143.4m		21.7%PE28.7x
CCC ComputacenterUK£26.163.0%
+UK£85.8m		9.5%PE14.9x
KWS Keywords StudiosUK£12.679.3%
+UK£85.2m		-41.9%PE58.3x
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Latest News

RSW

UK£39.80

Renishaw

7D

-4.2%

1Y

7.9%

GBG

UK£3.15

GB Group

7D

7.1%

1Y

3.4%

CCC

UK£26.16

Computacenter

7D

3.0%

1Y

9.5%

Increases to Computacenter plc's (LON:CCC) CEO Compensation Might Cool off for now

May 08
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BIG

UK£1.47

Big Technologies

7D

-2.6%

1Y

-41.2%

HLMA

UK£23.28

Halma

7D

5.5%

1Y

-2.4%

DARK

UK£5.97

Darktrace

7D

-0.8%

1Y

100.6%

SGE

UK£11.98

Sage Group

7D

3.1%

1Y

48.2%

PINE

UK£3.26

Pinewood Technologies Group

7D

-2.1%

1Y

-7.7%

AWE

UK£1.25

Alphawave IP Group

7D

7.8%

1Y

23.3%

Alphawave IP Group plc Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next

Apr 26
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SXS

UK£33.30

Spectris

7D

1.8%

1Y

-12.5%

Spectris (LON:SXS) Is Increasing Its Dividend To £0.539

Apr 25
Spectris (LON:SXS) Is Increasing Its Dividend To £0.539

RCN

UK£1.40

Redcentric

7D

-4.1%

1Y

7.9%

KWS

UK£12.67

Keywords Studios

7D

9.3%

1Y

-41.9%

IQG

UK£4.13

IQGeo Group

7D

-6.1%

1Y

60.7%

TTG

UK£1.69

TT Electronics

7D

-5.6%

1Y

-1.2%

SCT

UK£16.32

Softcat

7D

4.6%

1Y

21.7%

Softcat's (LON:SCT) Dividend Will Be £0.085

Mar 29
Softcat's (LON:SCT) Dividend Will Be £0.085

QTX

UK£1.40

Quartix Technologies

7D

-8.2%

1Y

-42.9%