# Frasers Group plc (FRAS.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Consumer Cyclical / Specialty Retail. Price 796p, market value 3.4 billionp.

## Valuation
- **P/E (trailing): 10.1×** (5-yr avg 991.4×, 3-yr avg 958.0×). Frasers Group plc trades at 10.1× trailing earnings, well below its own five-year average of 991.4×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 7.6×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.6×**. Each dollar of revenue is priced at 0.6×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.4×**. Enterprise value is 5.4× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -2.1%** (5-yr avg 0.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 9.9%**. The inverse of the P/E: 9.9% of the price is earned each year.

## Profitability
- **Gross margin: 48.4%**. Frasers Group plc keeps 48.4% of revenue after the direct cost of what it sells.
- **Operating margin: 7.3%**. 7.3% of revenue is left after running the business.
- **Net margin: 7.0%**. 7.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 15.5%**. 15.5% on shareholders' equity is solid.
- **Return on invested capital: 5.5%**. Return on all capital, debt included, is 5.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 5.8%**. Each dollar of assets produces 5.8% of profit.

## Growth
- **Revenue growth (1 yr): 8.1%** (3-yr -1.4%/yr, 5-yr 8.7%/yr). Revenue grew 8.1% over the last year, against 8.7% a year compounded over five years.

## Financial health
- **Debt to equity: 1.04**. Debt is 1.04 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 2.1×**. It would take 2.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 2.5×**. Operating profit covers interest 2.5×, thin but manageable.
- **Current ratio: 1.80** (quick 0.95). Current assets cover the next year's liabilities 1.80 times.
- **Altman Z-score: 2.27**. A Z-score of 2.27 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Frasers Group plc does not currently pay a dividend, but it returned 0.5% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: hold** (6 analysts). 6 analysts cover Frasers Group plc; the consensus is hold, with an average price target of 808p (+2% 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): 14.5%** (YTD 17.1%, 3-mo 6.0%). The shares are up 14.5% over twelve months including dividends.
- **From 52-week high: -5.8%** (33.1% 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): 47**. An RSI of 47 is neutral.
- **Beta (1 yr): 1.04** (volatility 30%). Beta of 1.04 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.