# AVI Japan Opportunity Trust PLC (AJOT.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 174p, market value 386 millionp.

## Valuation
- **P/E (trailing): 6.2×** (5-yr avg 693.1×, 3-yr avg 614.1×). AVI Japan Opportunity Trust PLC trades at 6.2× trailing earnings, well below its own five-year average of 693.1×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 8.0×**. Each dollar of revenue is priced at 8.0×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 4.8×**. Enterprise value is 4.8× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 0.7%** (5-yr avg 0.0%). Free cash flow equals 0.7% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 16.1%**. The inverse of the P/E: 16.1% of the price is earned each year.

## Profitability
- **Gross margin: 95.0%**. AVI Japan Opportunity Trust PLC keeps 95.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 166.5%**. 166.5% of revenue is left after running the business, an exceptional level.
- **Net margin: 94.5%**. 94.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 9.7%**. 9.7% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 18.5%**. Return on all capital, debt included, is 18.5%: comfortably above what that capital costs.
- **Return on assets: 17.2%**. Each dollar of assets produces 17.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 9.1%**. Revenue grew 9.1% over the last year.
- **EPS growth (1 yr): 11.1%**. Earnings per share rose 11.1%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 16.5%/yr**. Free cash flow has compounded at 16.5% a year over three years.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: 28 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**. AVI Japan Opportunity Trust PLC does not currently pay a dividend, but it returned -6.5% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): -0.8%** (YTD 2.3%, 3-mo 5.4%). The shares are down 0.8% over twelve months including dividends.
- **From 52-week high: -10.4%** (12.5% above the low). Trading 10% 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): 65**. An RSI of 65 is neutral.
- **Beta (1 yr): 0.73** (volatility 21%). Beta of 0.73 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.