# Admiral Group plc (ADM.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Insurance. Price 3874p, market value 11.6 billionp.

## Valuation
- **P/E (trailing): 17.8×** (5-yr avg 1649.2×, 3-yr avg 1648.0×). Admiral Group plc trades at 17.8× trailing earnings, well below its own five-year average of 1649.2×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 14.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.23**. A PEG of 1.23 is in the range usually read as fairly priced for its growth.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 7.8×**. The shares trade at 7.8× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 6.5×**. Enterprise value is 6.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 9.7%** (5-yr avg 0.0%). Free cash flow equals 9.7% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 5.6%**. The inverse of the P/E: 5.6% of the price is earned each year.

## Profitability
- **Gross margin: 100.0%**. Admiral Group plc keeps 100.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 17.8%**. 17.8% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 13.3%**. 13.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 51.5%**. A 51.5% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 47.8%**. Return on all capital, debt included, is 47.8%: comfortably above what that capital costs.
- **Return on assets: 15.6%**. Each dollar of assets produces 15.6% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 5.7%** (3-yr 54.1%/yr, 5-yr 33.8%/yr). Revenue grew 5.7% over the last year, against 33.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 11.5%** (3-yr 25.0%/yr, 5-yr 6.2%/yr). Earnings per share rose 11.5%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 45.7%/yr**. Free cash flow has compounded at 45.7% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: 301 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 yield: 3.76%** (1p per share, trailing). Admiral Group plc yields 3.76%, an income-level yield.
- **Payout ratio: 96%** (97% of free cash flow). 96% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 9.9%/yr** (1-yr 91.9%). The dividend has grown 9.9% a year over five years.
- **Shareholder yield: 3.8%**. Dividends plus net buybacks return 3.8% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (14 analysts). 14 analysts cover Admiral Group plc; the consensus is buy, with an average price target of 3886p (+0% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 16.1%** (YTD 22.2%, 3-mo 17.4%). The shares are up 16.1% over twelve months including dividends.
- **From 52-week high: -6.2%** (47.6% above the low). Trading 6% 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): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): 0.41** (volatility 25%). Beta of 0.41 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.