# Capital Gearing Trust Plc (CGT.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 520p, market value 815 millionp.

## Valuation
- **P/E (trailing): 19.2×** (5-yr avg 354.2×, 3-yr avg 429.0×). Capital Gearing Trust Plc trades at 19.2× trailing earnings, well below its own five-year average of 354.2×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 10.7×**. Each dollar of revenue is priced at 10.7×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.0×**. The shares trade at 1.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 9.9×**. Enterprise value is 9.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 3.0%** (5-yr avg 0.1%). Free cash flow equals 3.0% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 5.2%**. The inverse of the P/E: 5.2% of the price is earned each year.

## Profitability
- **Gross margin: 92.9%**. Capital Gearing Trust Plc keeps 92.9% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 106.8%**. 106.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 130.5%**. 130.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.7%**. 5.7% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 10.2%**. Return on all capital, debt included, is 10.2%.
- **Return on assets: 10.1%**. Each dollar of assets produces 10.1% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -7.4%** (5-yr -11.7%/yr). Revenue fell 7.4% over the last year, against -11.7% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 51.1%** (5-yr -11.9%/yr). Earnings per share rose 51.1%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -6.0%/yr**. Free cash flow has compounded at -6.0% a year over three years.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: 7 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**. Capital Gearing Trust Plc does not currently pay a dividend, but it returned 37.8% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 9.4%** (YTD 7.5%, 3-mo 3.3%). The shares are up 9.4% over twelve months including dividends.
- **From 52-week high: -89.9%** (8.5% above the low). Trading 90% below its 52-week high, deep in a drawdown.
- **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): 0.18** (volatility 7%). Beta of 0.18 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.