# JPMorgan US Smaller Companies Investment Trust (JUSC.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 427p, market value 205 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). JPMorgan US Smaller Companies Investment Trust reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 186.4×**. Each dollar of revenue is priced at 186.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: -0.5%** (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.

## Profitability
- **Gross margin: -79.8%**. JPMorgan US Smaller Companies Investment Trust keeps -79.8% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -367.8%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 109.8%**. 109.8% of each dollar of sales reaches the bottom line.
- **Return on equity: -15.2%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -1.6%**. Return on all capital, debt included, is -1.6%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -2.6%**. Each dollar of assets produces -2.6% of profit; low single digits are normal for banks and insurers.

## Growth
- **EPS growth (1 yr): -233.3%**. Earnings per share fell 233.3%.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating 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 US Smaller Companies Investment Trust does not currently pay a dividend, but it returned 19.0% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 5.5%** (YTD 6.8%, 3-mo 1.3%). The shares are up 5.5% over twelve months including dividends.
- **From 52-week high: -8.0%** (17.0% above the low). Trading 8% 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): 39**. An RSI of 39 is neutral.
- **Beta (1 yr): 0.48** (volatility 16%). Beta of 0.48 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.