# JPMorgan Claverhouse Investment Trust plc (JCH.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Consumer Cyclical / Specialty Retail. Price 963p, market value 531 millionp.

## Valuation
- **P/E (trailing): 6.0×** (5-yr avg 898.1×, 3-yr avg 1015.4×). JPMorgan Claverhouse Investment Trust plc trades at 6.0× trailing earnings, well below its own five-year average of 898.1×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×.
- **Price / sales: 3.5×**. Each dollar of revenue is priced at 3.5×.
- **Price / book: 1.1×**. The shares trade at 1.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 3.0×**. Enterprise value is 3.0× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 4.9%** (5-yr avg 0.0%). Free cash flow equals 4.9% 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: 16.6%**. The inverse of the P/E: 16.6% of the price is earned each year.

## Profitability
- **Gross margin: 98.7%**. JPMorgan Claverhouse Investment Trust plc keeps 98.7% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 96.5%**. 96.5% of revenue is left after running the business, an exceptional level.
- **Net margin: 96.3%**. 96.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 22.7%**. 22.7% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 29.1%**. Return on all capital, debt included, is 29.1%: comfortably above what that capital costs.
- **Return on assets: 27.8%**. Each dollar of assets produces 27.8% of profit.

## Growth
- **Revenue growth (1 yr): 155.6%** (3-yr 58.5%/yr). Revenue grew 155.6% over the last year.
- **EPS growth (1 yr): 240.7%**. Earnings per share rose 240.7%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -2.3%/yr**. Free cash flow has compounded at -2.3% a year over three years.

## Financial health
- **Debt to equity: 0.06**. Debt is 0.06 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.1×**. It would take 0.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 99.4×**. Operating profit covers interest 99.4× over, a safe margin.
- **Current ratio: 27.28** (quick 27.28). Current assets cover the next year's liabilities 27.28 times.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. JPMorgan Claverhouse Investment Trust plc does not currently pay a dividend, but it returned 4.5% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 20.9%** (YTD 11.4%, 3-mo 7.2%). The shares are up 20.9% over twelve months including dividends.
- **From 52-week high: -2.3%** (20.4% 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): 47**. An RSI of 47 is neutral.
- **Beta (1 yr): 0.96** (volatility 14%). Beta of 0.96 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.