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U.K. (FTSE) Consumer Staples Sector Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies50
  • 7D-0.6%
  • 3M-3.2%
  • 1Y1.6%
  • YTD-4.6%

Last week, the Consumer Staples industry hasn't moved much but Tesco is up 6.0% in that time. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 6.8% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026UK£367.3bUK£290.8bUK£24.1b16.3x15.2x1.3x
Tue, 03 Mar 2026UK£424.0bUK£291.2bUK£22.2b19.8x19.1x1.5x
Thu, 29 Jan 2026UK£388.7bUK£298.0bUK£17.3b18.6x22.5x1.3x
Sat, 27 Dec 2025UK£388.2bUK£301.0bUK£17.4b18.3x22.3x1.3x
Mon, 24 Nov 2025UK£400.0bUK£301.6bUK£17.4b17.3x22.9x1.3x
Wed, 22 Oct 2025UK£393.6bUK£298.1bUK£18.4b17.9x21.4x1.3x
Fri, 19 Sep 2025UK£393.2bUK£296.8bUK£18.4b18.3x21.3x1.3x
Sun, 17 Aug 2025UK£400.9bUK£296.2bUK£18.3b19.2x21.8x1.4x
Tue, 15 Jul 2025UK£385.5bUK£297.5bUK£19.6b19.3x19.7x1.3x
Thu, 12 Jun 2025UK£383.1bUK£296.1bUK£19.6b20.1x19.6x1.3x
Sat, 10 May 2025UK£379.5bUK£295.3bUK£19.8b17.7x19.2x1.3x
Mon, 07 Apr 2025UK£367.8bUK£295.6bUK£19.9b16x18.5x1.2x
Wed, 05 Mar 2025UK£375.1bUK£294.2bUK£19.9b16.9x18.8x1.3x
Fri, 31 Jan 2025UK£415.1bUK£307.9bUK£5.2b16.9x80.2x1.3x
Sun, 29 Dec 2024UK£407.4bUK£309.1bUK£5.2b17.8x78.2x1.3x
Tue, 26 Nov 2024UK£409.9bUK£309.2bUK£5.2b17.1x78.4x1.3x
Thu, 24 Oct 2024UK£406.5bUK£307.8bUK£4.1b17.7x98.7x1.3x
Sat, 21 Sep 2024UK£410.0bUK£306.7bUK£3.9b17.2x104.9x1.3x
Mon, 19 Aug 2024UK£402.4bUK£308.4bUK£4.1b18.4x99x1.3x
Wed, 17 Jul 2024UK£388.8bUK£350.1bUK£5.1b15.8x76.4x1.1x
Fri, 14 Jun 2024UK£389.2bUK£356.3bUK£5.6b16.3x69.3x1.1x
Sun, 12 May 2024UK£396.6bUK£351.1bUK£5.7b17.1x69.3x1.1x
Tue, 09 Apr 2024UK£370.5bUK£344.1bUK£4.7b16.8x78.8x1.1x
Thu, 07 Mar 2024UK£375.2bUK£344.5bUK£4.6b16.7x80.8x1.1x
Sat, 03 Feb 2024UK£389.0bUK£362.3bUK£30.7b15.9x12.7x1.1x
Mon, 01 Jan 2024UK£384.8bUK£363.8bUK£31.2b16.5x12.4x1.1x
Wed, 29 Nov 2023UK£386.1bUK£363.9bUK£31.2b16.7x12.4x1.1x
Fri, 27 Oct 2023UK£386.2bUK£357.5bUK£29.6b16.3x13x1.1x
Sun, 24 Sep 2023UK£303.4bUK£354.9bUK£28.9b18.8x10.5x0.9x
Tue, 22 Aug 2023UK£397.2bUK£353.2bUK£28.7b15.3x13.8x1.1x
Thu, 20 Jul 2023UK£406.8bUK£352.6bUK£25.7b16.3x15.8x1.2x
Sat, 17 Jun 2023UK£403.6bUK£354.2bUK£25.7b16x15.7x1.1x
Mon, 15 May 2023UK£433.4bUK£356.3bUK£25.5b17x17x1.2x
Wed, 12 Apr 2023UK£429.2bUK£348.3bUK£26.0b16x16.5x1.2x
Price to Earnings Ratio

16.5x


Total Market Cap: UK£429.2bTotal Earnings: UK£26.0bTotal Revenue: UK£348.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Consumer Staples Sector Price to Earnings3Y Average 40x202420252026
Current Industry PE
  • Investors are pessimistic on the British Consumer Staples 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 15.2x which is lower than its 3-year average PE of 40.0x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have declined 2.4% per year over the last three years,
  • Revenues have also declined 5.8% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

GB Market4.54%
Consumer Staples-0.56%
Food and Staples Retail5.79%
Food2.85%
Tobacco1.04%
Household Products0.51%
Beverage-0.17%
Personal Products-6.77%
Industry PE
  • Investors are most optimistic about the Food and Staples Retail industry which is trading above its 3-year average PE ratio of 19.6x.
    • Analysts are expecting annual earnings growth of 14.8%, which is higher than its past year's earnings decline of 19.4% per year.
  • Investors are most pessimistic about the Household Products industry, which is trading below its 3-year average of 22.1x.
Forecasted Growth
  • Analysts are most optimistic on the Food and Staples Retail industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Household Products industry is expected to see its earnings decline by 4.9% 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
TSCO TescoUK£4.876.0%
+UK£1.7b		43.2%PE20.3x
BATS British American TobaccoUK£44.071.3%
+UK£1.2b		42.1%PE12.4x
MKS Marks and Spencer GroupUK£3.548.6%
+UK£567.8m		-2.5%PE361.9x
ABF Associated British FoodsUK£18.912.8%
+UK£355.9m		-2.6%PE13x
SBRY J SainsburyUK£3.474.5%
+UK£330.5m		46.2%PE18x

Latest News

CCH
UK£42.74
Coca-Cola HBC
7D
0.8%
1Y
21.5%
RKT
UK£51.88
Reckitt Benckiser Group
7D
0.5%
1Y
-2.0%
ULVR
UK£41.73
Unilever
7D
-6.9%
1Y
-21.0%

ULVR: Planned Foods Separation And Margin Focus Are Expected To Support Upside

Unilever's analyst price target has been trimmed by £0.85, as analysts factor in slightly softer revenue growth, a modestly lower profit margin and a reduced future P/E assumption following recent research updates and downgrades to more neutral ratings. Analyst Commentary Recent research on Unilever has shifted toward more neutral stances, with several firms moving ratings to Hold or Neutral and moderating price targets.
DGE
UK£13.92
Diageo
7D
-0.8%
1Y
-30.8%

DGE: Margin Resilience And Portfolio Breadth Will Support Future Share Rebound

Analysts have trimmed their implied fair value estimate for Diageo to about £24.38 from roughly £26.55. This reflects a slightly higher discount rate, more moderate revenue growth assumptions and a lower future P/E multiple, even as margin expectations are a touch stronger.
VLG
UK£0.64
Venture Life Group
7D
-7.0%
1Y
58.8%
OCDO
UK£1.82
Ocado Group
7D
-2.0%
1Y
-35.9%

OCDO: Higher Future P/E Multiple Will Support Renewed Upside Potential

Analysts have updated their price target for Ocado Group to reflect revised assumptions on discount rate, revenue growth, profit margin and future P/E. The new target remains at £2.68, unchanged from the prior £2.68, indicating a stable view of fair value despite the refreshed inputs.
ABF
UK£18.91
Associated British Foods
7D
2.8%
1Y
-2.6%

ABF: Margin Reset And Primark Stabilisation Will Support Future Share Upside

The analyst fair value estimate for Associated British Foods has edged up from £22.40 to £22.50 as analysts factor in recent price target cuts, citing weaker Primark sales trends, concerns about a margin reset, and softer sugar pricing, despite only modest tweaks to underlying growth and margin assumptions. Analyst Commentary Recent Street research has turned more cautious on Associated British Foods, with several price target cuts and rating downgrades clustering around concerns on Primark, margins and sugar pricing.
BATS
UK£44.07
British American Tobacco
7D
1.3%
1Y
42.1%
SBRY
UK£3.47
J Sainsbury
7D
4.5%
1Y
46.2%

SBRY: Future Returns Will Hinge On Tight P/E As Views Stay Balanced

The analyst price target for J Sainsbury has been raised to £3.52 from £3.49, with analysts citing updated assumptions on fair value, revenue growth and future P/E to support the change. Analyst Commentary Recent research updates show analysts fine tuning their outlook on J Sainsbury, with modest price target changes tied to revised fair value work, assumptions on revenue progression and expectations for the shares P/E multiple.
FEVR
UK£7.70
Fevertree Drinks
7D
-0.9%
1Y
2.8%
TSCO
UK£4.87
Tesco
7D
6.0%
1Y
43.2%

TSCO: Execution On Margins And P E Assumptions Will Guide Future Returns

Tesco's analyst price target has been adjusted to £4.86 from £4.81. Analysts cite updated fair value estimates, a slightly higher assumed P/E multiple, and refined views on revenue growth and profit margin as drivers of the change.
PZC
UK£0.79
PZ Cussons
7D
-2.3%
1Y
6.6%
IMB
UK£30.77
Imperial Brands
7D
0.06%
1Y
8.9%

IMB: Future Returns Will Rely On Execution And Repurchases At Fair Value

Analysts have nudged their Imperial Brands price target slightly higher to £34.65, reflecting modest tweaks to their discount rate and forward P/E assumptions rather than a change in the underlying fair value view. Valuation Changes Fair Value: unchanged at £34.65, indicating no shift in the central valuation estimate.
MKS
UK£3.54
Marks and Spencer Group
7D
8.6%
1Y
-2.5%

MKS: Refined Cash Flow Assumptions Will Support Future Upside From Tight Range

Analysts have nudged their fair value assumptions only slightly while trimming the average price target on Marks and Spencer Group to around £4.35 to £4.15, reflecting small tweaks to discount rate, revenue growth and profit margin assumptions in recent Citi and Berenberg research. Analyst Commentary Bullish Takeaways Bullish analysts highlight that recent price targets in the £4.15 to £4.35 range still sit meaningfully above current fair value assumptions, which they see as compatible with an appealing risk reward profile.
PXS
UK£0.0097
Provexis
7D
-9.3%
1Y
116.7%
REVB
UK£0.029
Revolution Beauty Group
7D
-14.5%
1Y
-76.9%

Investors Aren't Entirely Convinced By Revolution Beauty Group plc's (LON:REVB) Revenues

Jan 07
Investors Aren't Entirely Convinced By Revolution Beauty Group plc's (LON:REVB) Revenues