# BlackRock Energy and Resources Income Trust plc (BERI.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Energy. Price 188p, market value 187 millionp.

## Valuation
- **P/E (trailing): 2.2×** (5-yr avg 455.4×, 3-yr avg 594.5×). BlackRock Energy and Resources Income Trust plc trades at 2.2× trailing earnings, well below its own five-year average of 455.4×: cheap by its own standards. The Energy median in the September 2026 study was 16.8×.
- **Price / sales: 3.1×**. Each dollar of revenue is priced at 3.1×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **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: 14.1%** (5-yr avg 0.0%). Free cash flow equals 14.1% 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: 45.8%**. The inverse of the P/E: 45.8% of the price is earned each year.

## Profitability
- **Gross margin: 97.7%**. BlackRock Energy and Resources Income Trust plc keeps 97.7% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 94.2%**. 94.2% of revenue is left after running the business, an exceptional level.
- **Net margin: 92.5%**. 92.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 18.3%**. 18.3% on shareholders' equity is solid.
- **Return on invested capital: 30.0%**. Return on all capital, debt included, is 30.0%: comfortably above what that capital costs.
- **Return on assets: 29.0%**. Each dollar of assets produces 29.0% of profit.

## Growth
- **Revenue growth (1 yr): 43.7%** (3-yr -15.5%/yr, 5-yr 26.2%/yr). Revenue grew 43.7% over the last year, against 26.2% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 61.1%** (3-yr -16.0%/yr, 5-yr 25.2%/yr). Earnings per share rose 61.1%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.04**. Debt is 0.04 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.1×**. It would take 0.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 91.1×**. Operating profit covers interest 91.1× over, a safe margin.
- **Current ratio: 0.09** (quick 0.09). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 16.15**. A Z-score of 16.15 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. BlackRock Energy and Resources Income Trust plc does not currently pay a dividend, but it returned 12.7% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 48.3%** (YTD 18.9%, 3-mo -3.6%). The shares are up 48.3% over twelve months including dividends.
- **From 52-week high: -8.4%** (49.6% above the low). Trading 8% 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): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 0.75** (volatility 22%). Beta of 0.75 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.