# Aberdeen Standard Asia Focus PLC (AAS.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 449p, market value 609 millionp.

## Valuation
- **P/E (trailing): 5.8×** (5-yr avg 857.5×, 3-yr avg 1040.3×). Aberdeen Standard Asia Focus PLC trades at 5.8× trailing earnings, well below its own five-year average of 857.5×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 3.0×**. Each dollar of revenue is priced at 3.0×.
- **Price / book: 1.1×**. The shares trade at 1.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 3.4×**. Enterprise value is 3.4× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 2.8%** (5-yr avg 0.0%). Free cash flow equals 2.8% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 17.2%**. The inverse of the P/E: 17.2% of the price is earned each year.

## Profitability
- **Gross margin: 101.1%**. Aberdeen Standard Asia Focus PLC keeps 101.1% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 95.5%**. 95.5% of revenue is left after running the business, an exceptional level.
- **Net margin: 94.9%**. 94.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 16.1%**. 16.1% on shareholders' equity is solid.
- **Return on invested capital: 30.8%**. Return on all capital, debt included, is 30.8%: comfortably above what that capital costs.
- **Return on assets: 30.1%**. Each dollar of assets produces 30.1% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 87.7%**. Revenue grew 87.7% over the last year.
- **EPS growth (1 yr): 159.1%**. Earnings per share rose 159.1%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -16.8%/yr**. Free cash flow has compounded at -16.8% a year over three years.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: 13 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. Aberdeen Standard Asia Focus PLC does not currently pay a dividend, but it returned 12.6% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 28.6%** (YTD 23.6%, 3-mo 7.7%). The shares are up 28.6% over twelve months including dividends.
- **From 52-week high: -6.8%** (29.0% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 56**. An RSI of 56 is neutral.
- **Beta (1 yr): 0.59** (volatility 21%). Beta of 0.59 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AAS.L · Page: https://foliofundamentals.com/stocks/aas.l

Not investment advice.