# Baillie Gifford Japan Trust PLC (BGFD.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 1082p, market value 700 millionp.

## Valuation
- **P/E (trailing): 5.7×** (5-yr avg 750.5×, 3-yr avg 830.6×). Baillie Gifford Japan Trust PLC trades at 5.7× trailing earnings, well below its own five-year average of 750.5×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 5.9×**. Each dollar of revenue is priced at 5.9×.
- **Price / book: 1.0×**. The shares trade at 1.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 4.7×**. Enterprise value is 4.7× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 1.8%** (5-yr avg 0.0%). Free cash flow equals 1.8% 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: 17.5%**. The inverse of the P/E: 17.5% of the price is earned each year.

## Profitability
- **Gross margin: 92.6%**. Baillie Gifford Japan Trust PLC keeps 92.6% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 137.4%**. 137.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 165.8%**. 165.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 15.7%**. 15.7% on shareholders' equity is solid.
- **Return on invested capital: 18.1%**. Return on all capital, debt included, is 18.1%: comfortably above what that capital costs.
- **Return on assets: 18.4%**. Each dollar of assets produces 18.4% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 10.5%** (5-yr 8.3%/yr). Revenue grew 10.5% over the last year, against 8.3% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 112.7%** (5-yr 24.2%/yr). Earnings per share rose 112.7%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -15.1%/yr**. Free cash flow has compounded at -15.1% a year over three years.

## Financial health
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.
- **Cash and short-term investments: 16 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**. Baillie Gifford Japan Trust PLC does not currently pay a dividend, but it returned 16.9% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 21.4%** (YTD 21.4%, 3-mo 11.2%). The shares are up 21.4% over twelve months including dividends.
- **From 52-week high: -0.8%** (33.4% above the low). Trading within 5% of 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): 63**. An RSI of 63 is neutral.
- **Beta (1 yr): 0.63** (volatility 20%). Beta of 0.63 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.