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Halma PLC
LSE:HLMA

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Halma PLC
LSE:HLMA
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Price: 4 508 GBX 2.29%
Market Cap: £17.1B

P/E

49.1
Current
34%
More Expensive
vs 3-y average of 36.7

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
49.1
=
Market Cap
GBX15.5B
/
Net Income
£347m

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
49.1
=
Market Cap
GBX15.5B
/
Net Income
£347m

Valuation Scenarios

Halma PLC is trading above its 3-year average

If P/E returns to its 3-Year Average (36.7), the stock would be worth GBX3 367.28 (25% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-100%
Maximum Upside
No Upside Scenarios
Average Downside
62%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 49.1 GBX4 508
0%
3-Year Average 36.7 GBX3 367.28
-25%
5-Year Average 36.8 GBX3 379.04
-25%
Industry Average 0.3 GBX30.91
-99%
Country Average 0.2 GBX19.1
-100%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
GBX15.5B
/
Oct 2025
£347m
=
49.1
Current
GBX15.5B
/
Mar 2026
£426.5m
=
36.4
Forward
GBX15.5B
/
Mar 2027
£472.9m
=
32.8
Forward
GBX15.5B
/
Mar 2028
£516.9m
=
30
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

Higher than 99% of companies in United Kingdom
Percentile
99th
Based on 2 117 companies
99th percentile
49.1
Low
0 — 0.1
Typical Range
0.1 — 0.3
High
0.3 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0.1
Median 0.2
70th Percentile 0.3
Max 828.3

Halma PLC
Glance View

Market Cap
17.1B GBX
Industry
Electrical Equipment

Halma PLC is a remarkable story of strategic evolution and steady perseverance in the world of niche market technologies. Founded in 1894 and initially involved in the rubber processing industry, the company transformed into a globally recognized enterprise dedicated to creating a safer, cleaner, and healthier environment. Headquartered in Amersham, UK, Halma operates through a decentralized model, comprising around 50 small businesses organized under four sectors: Process Safety, Infrastructure Safety, Environmental & Analysis, and Medical. This structure enables Halma to remain agile, fostering innovation and responsiveness to market changes. By acquiring companies that align with its mission and prioritizing continuous R&D investment, Halma fortifies its position as a leader in its chosen sectors. Revenue generation for Halma is predominantly driven by the sale of products and services that ensure safety and compliance across various industries. Within its Process Safety division, Halma supplies devices aimed at protecting industrial plants from explosion hazards, while its Infrastructure Safety segment focuses on sensor technologies to mitigate risks in work environments. The group’s Environmental & Analysis arm offers sophisticated systems for water quality monitoring and pollution control, reflecting industry needs for environmental stewardship. Meanwhile, its Medical segment provides products aiding in patient assessment and treatment, ranging from ophthalmic instruments to diagnostic solutions. This diversified business model, emphasizing necessity-driven technologies, ensures Halma a stable income stream and positions it as a resilient enterprise capable of adapting to global challenges.

HLMA Intrinsic Value
1 055.2 GBX
Overvaluation 77%
Intrinsic Value
Price GBX4 508
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