Educational information, not financial advice or a personal recommendation. Not regulated by the FCA. Do your own research. Capital at risk.
Sterling AlmanacExploreStart hereFind your fitGlossaryCompareMy ListMy PieEarnings calendarSupport

Renishaw plc (RSW.L)

Technology Balanced

Operating quietly across the globe from Gloucestershire, Renishaw makes the ultra-precise measurement tools and probes that modern factories rely on.

£49.48

Is Renishaw plc a good stock for a UK beginner?

The honest version: Operating quietly across the globe from Gloucestershire, Renishaw makes the ultra-precise measurement tools and probes that modern factories rely on.

No rating · no target price · nothing for sale here
Price+30.4%
52-week range+74% past year
£49.48
Low £28.60High £54.90
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Renishaw plc
£1,304+30%

Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
£3.60B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
112.14K
Day range: The lowest and highest price the shares traded at during the latest day.
£47.54 – £50.60
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
£28.60 – £54.90
P/E ratio: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth.
48.5
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
1.6%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
1.13
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 1.13
Calm
Wild
Roughly in step with the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +8% past week · ▲ +74% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

dominant position in advanced manufacturing tech cements long-term earnings jump

The bear case

disruption from cheaper alternatives or prolonged sector stagnation

What does Renishaw plc do?

Whenever high-tech manufacturing needs to check if a metal part or micro-chip is accurate to a fraction of a hair's width, they often use this firm's gear. Sales of high-precision engineering equipment, lasers, and medical devices to industries ranging from aerospace to brain surgery bring in the money. The big puzzle to keep an eye on is how they balance heavy spending on clever inventions when short-term earnings take a bit of a knock.

VQGMI
Factor profile

On our factor screen it looks strongest on momentum and quality, and weakest on value.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 10Quality: How profitable and financially healthy the company is (higher = stronger). 61Growth: How fast revenue and earnings are growing (higher = faster). 39Momentum: How the share price has been trending recently (higher = stronger recent run). 70Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 28
Quick checks
What's strong
  • Momentum screens high (70/100)
  • World-class reputation in high-precision engineering and metrology
  • Solid gross margin showing strong pricing power for specialized tools
  • Substantial global footprint serving critical industries like aerospace and electronics
What to watch
  • Value screens low (10/100)
  • Income screens low (28/100)
  • Global manufacturing downturns directly reduce demand for measurement tools
  • Heavy reliance on ongoing research and development spending to stay ahead
  • Currency fluctuations impacting international sales conversions

What do Renishaw plc's numbers mean?

P/E
48.5
Shows how much investors are paying for each pound of current yearly profit, reflecting lofty expectations for future growth.
Forward P/E
24.8
Looks at expected future profits over the next year, cutting today's high valuation roughly in half if those forecasts come true.
Gross margin
45.1%
Means for every pound of revenue brought in, over forty-five pence is left over after covering the direct cost of making the equipment.
Earnings growth (yoy)
-21.0%
Highlights that recent yearly profits dropped compared to the previous period, showing that making clever gear doesn't shield them from bumpy patches.
Dividend yield
1.6%
The yearly cash payout relative to the share price, offering a modest thank-you while you hold.

Does Renishaw plc pay a dividend?

Yes - Renishaw plc currently pays a dividend of about 1.6% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.

More in Technology

Micron TechnologyWestern DigitalNVIDIAGen DigitalDell TechnologiesTeradyneFidelity National Information ServicesHewlett Packard Enterprise

What are the scenarios for Renishaw plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£61£49£32today · £49▲ Bull · £57• Base · £49▼ Bear · £40in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+10% to +20%factory automation demand surges faster than expected
Base
-5% to +5%steady orders with no major surprises in global manufacturing
Bear
-15% to -25%broader industrial slowdown hits high-end tool orders

What are the pros and cons of Renishaw plc?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • World-class reputation in high-precision engineering and metrology
  • Solid gross margin showing strong pricing power for specialized tools
  • Substantial global footprint serving critical industries like aerospace and electronics
The catch3
  • Recent drop in yearly earnings shows vulnerability to cyclical slowdowns
  • High historical price-to-earnings ratio leaves little room for operational missteps
  • Modest return on equity given the valuation attached to the business
Key risks3
  • Global manufacturing downturns directly reduce demand for measurement tools
  • Heavy reliance on ongoing research and development spending to stay ahead
  • Currency fluctuations impacting international sales conversions
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: GBP · flags: none · Charts by TradingView Lightweight Charts™
Found this useful? The Almanac is free and ad-free - a coffee keeps it that way.Support →

Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-01 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-01. Prices may be delayed and numbers can go stale - always double-check before acting.