# Keystone Law Group plc (KEYS.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Industrials / Specialty Business Services. Price 584p, market value 184 millionp.

## Valuation
- **P/E (trailing): 17.2×** (5-yr avg 2458.4×, 3-yr avg 2042.1×). Keystone Law Group plc trades at 17.2× trailing earnings, well below its own five-year average of 2458.4×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 16.0×, 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: 0.9×**. Each dollar of revenue is priced at 0.9×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 8.9×**. The shares trade at 8.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 7.9×**. Enterprise value is 7.9× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 8.7%** (5-yr avg 0.0%). Free cash flow equals 8.7% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 5.8%**. The inverse of the P/E: 5.8% of the price is earned each year.

## Profitability
- **Gross margin: 26.0%**. Keystone Law Group plc keeps 26.0% of revenue after the direct cost of what it sells.
- **Operating margin: 9.9%**. 9.9% of revenue is left after running the business.
- **Net margin: 9.6%**. 9.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 53.4%**. A 53.4% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 125.6%**. Return on all capital, debt included, is 125.6%: comfortably above what that capital costs.
- **Return on assets: 39.4%**. Each dollar of assets produces 39.4% of profit.

## Growth
- **Revenue growth (1 yr): 17.9%** (3-yr 15.2%/yr, 5-yr 15.9%/yr). Revenue grew 17.9% over the last year, against 15.9% a year compounded over five years.
- **EPS growth (1 yr): 25.9%** (3-yr 17.4%/yr, 5-yr 19.4%/yr). Earnings per share rose 25.9%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 19.1%/yr**. Free cash flow has compounded at 19.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.08**. Debt is 0.08 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Keystone Law Group plc holds more cash than debt.
- **Interest coverage: 13.0×**. Operating profit covers interest 13.0× over, a safe margin.
- **Current ratio: 1.59** (quick 1.59). Current assets cover the next year's liabilities 1.59 times.
- **Altman Z-score: 7.79**. A Z-score of 7.79 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 4.20%** (0p per share, trailing). Keystone Law Group plc yields 4.20%, an income-level yield.
- **Payout ratio: 105%** (109% of free cash flow). The dividend exceeds earnings (105% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): 40.8%/yr** (1-yr 95.2%). The dividend has compounded at 40.8% a year over five years, doubling roughly every 2 years at that pace.
- **Shareholder yield: 4.2%**. Dividends plus net buybacks return 4.2% of the market value a year.

## Price and momentum
- **Total return (1 yr): 0.6%** (YTD -6.0%, 3-mo 7.7%). The shares are up 0.6% over twelve months including dividends.
- **From 52-week high: -16.6%** (31.5% above the low). Trading 17% 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): 73**. An RSI of 73 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): -0.01** (volatility 25%). Beta of -0.01 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.