# FRP Advisory Group plc (FRP.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Capital Markets. Price 119p, market value 293 millionp.

## Valuation
- **P/E (trailing): 11.9×** (5-yr avg 1652.9×, 3-yr avg 1318.3×). FRP Advisory Group plc trades at 11.9× trailing earnings, well below its own five-year average of 1652.9×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 9.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.62**. A PEG of 0.62 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.7×**. Each dollar of revenue is priced at 1.7×.
- **Price / book: 2.7×**. The shares trade at 2.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 6.8×**. Enterprise value is 6.8× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 7.1%** (5-yr avg 0.1%). Free cash flow equals 7.1% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 8.4%**. The inverse of the P/E: 8.4% of the price is earned each year.

## Profitability
- **Gross margin: 50.4%**. FRP Advisory Group plc keeps 50.4% of revenue after the direct cost of what it sells.
- **Operating margin: 20.4%**. 20.4% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 14.8%**. 14.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 23.5%**. 23.5% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 27.9%**. Return on all capital, debt included, is 27.9%: comfortably above what that capital costs.
- **Return on assets: 14.9%**. Each dollar of assets produces 14.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 16.3%** (3-yr 19.4%/yr, 5-yr 17.5%/yr). Revenue grew 16.3% over the last year, against 17.5% a year compounded over five years.
- **EPS growth (1 yr): 14.9%** (3-yr 24.5%/yr, 5-yr 10.7%/yr). Earnings per share rose 14.9%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 27.2%/yr**. Free cash flow has compounded at 27.2% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: 26 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 yield: 4.87%** (0p per share, trailing). FRP Advisory Group plc yields 4.87%, an income-level yield.
- **Payout ratio: 52%** (66% of free cash flow). 52% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 3**. 3 straight years of increases.
- **Dividend growth (5 yr): 52.5%/yr** (1-yr 7.9%). The dividend has compounded at 52.5% a year over five years, doubling roughly every 1 years at that pace.

## Analyst view
- **Analyst consensus: strong_buy** (5 analysts). 5 analysts cover FRP Advisory Group plc; the consensus is strong_buy, with an average price target of 205p (+73% 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): -13.2%** (YTD -11.3%, 3-mo 1.6%). The shares are down 13.2% over twelve months including dividends.
- **From 52-week high: -21.4%** (16.0% above the low). Trading 21% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 0.43** (volatility 27%). Beta of 0.43 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.