# Gresham House Energy Storage Fund PLC (GRID.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 101p, market value 576 millionp.

## Valuation
- **P/E (trailing): 25.3×** (5-yr avg 969.9×, 3-yr avg 1922.0×). Gresham House Energy Storage Fund PLC trades at 25.3× trailing earnings, well below its own five-year average of 969.9×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 12.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.10**. A PEG of 0.10 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 3.8×**. Enterprise value is 3.8× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -2.7%** (5-yr avg 0.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 4.0%**. The inverse of the P/E: 4.0% of the price is earned each year.

## Profitability
- **Gross margin: 100.0%**. Gresham House Energy Storage Fund PLC keeps 100.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 105.9%**. 105.9% of revenue is left after running the business, an exceptional level.
- **Net margin: 90.0%**. 90.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 3.6%**. 3.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: -14.4%**. Return on all capital, debt included, is -14.4%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -14.3%**. Each dollar of assets produces -14.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 139.8%** (3-yr -8.3%/yr, 5-yr 4.4%/yr). Revenue grew 139.8% over the last year, against 4.4% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 120.5%** (3-yr -54.7%/yr, 5-yr -12.0%/yr). Earnings per share rose 120.5%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.
- **Cash and short-term investments: 4 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**. Gresham House Energy Storage Fund PLC does not currently pay a dividend, but it returned 0.3% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 47.8%** (YTD 29.4%, 3-mo 22.2%). The shares are up 47.8% over twelve months including dividends.
- **From 52-week high: -3.1%** (51.3% 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): 73**. An RSI of 73 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 0.02** (volatility 18%). Beta of 0.02 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.