The Cavendish Tech 40 and Next 50 indices comprise the 90 largest Tech stocks that are publicly listed in London, with a market cap of under £1.5bn. The Tech 40 is composed of the 40 largest stocks by market cap; the Next 50 is composed of the next 50 largest stocks.

Our indices are equally weighted, rebalanced quarterly, and split into 4 sub-sectors. We use medians to track the twelve-month forward multiples and next twelve-month financial growth rates over time. Prices are indexed to 100 at the indices inception as at the start date selection, and capture the mean average change in price.

For further detail on the indices, constituents, or to see how a company compares to our indices, please contact us at