# JPMorgan Asia Growth & Income plc (JAGI.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 592p, market value 399 millionp.

## Valuation
- **P/E (trailing): 5.3×** (5-yr avg 922.6×, 3-yr avg 979.2×). JPMorgan Asia Growth & Income plc trades at 5.3× trailing earnings, well below its own five-year average of 922.6×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 4.4×**. Each dollar of revenue is priced at 4.4×.
- **Price / book: 1.2×**. The shares trade at 1.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 3.7×**. Enterprise value is 3.7× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 0.9%** (5-yr avg 0.0%). Free cash flow equals 0.9% 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: 18.7%**. The inverse of the P/E: 18.7% of the price is earned each year.

## Profitability
- **Gross margin: 121.0%**. JPMorgan Asia Growth & Income plc keeps 121.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 117.2%**. 117.2% of revenue is left after running the business, an exceptional level.
- **Net margin: 150.7%**. 150.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 15.6%**. 15.6% on shareholders' equity is solid.
- **Return on invested capital: 32.2%**. Return on all capital, debt included, is 32.2%: comfortably above what that capital costs.
- **Return on assets: 31.0%**. Each dollar of assets produces 31.0% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 77.0%** (5-yr -1.1%/yr). Revenue grew 77.0% over the last year, against -1.1% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 42.9%** (5-yr 14.2%/yr). Earnings per share rose 42.9%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -26.5%/yr**. Free cash flow has compounded at -26.5% 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: 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**. JPMorgan Asia Growth & Income plc does not currently pay a dividend, but it returned 17.3% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 48.7%** (YTD 35.2%, 3-mo 1.0%). The shares are up 48.7% over twelve months including dividends.
- **From 52-week high: -9.2%** (46.3% above the low). Trading 9% 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): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 0.53** (volatility 23%). Beta of 0.53 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.