# Metro Bank PLC (MTRO.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Banks. Price 178p, market value 1.2 billionp.

## Valuation
- **P/E (trailing): 22.3×** (5-yr avg 1115.4×, 3-yr avg 1115.4×). Metro Bank PLC trades at 22.3× trailing earnings, well below its own five-year average of 1115.4×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 8.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.36**. A PEG of 0.36 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.0×**. Each dollar of revenue is priced at 1.0×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 15.1×**. Enterprise value is 15.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -164.7%** (5-yr avg 3.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 4.5%**. The inverse of the P/E: 4.5% of the price is earned each year.

## Profitability
- **Gross margin: 77.8%**. Metro Bank PLC keeps 77.8% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 29.1%**. 29.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 8.1%**. 8.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.6%**. 5.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 28.5%**. Return on all capital, debt included, is 28.5%: comfortably above what that capital costs.
- **Return on assets: 0.7%**. Each dollar of assets produces 0.7% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -10.4%** (3-yr 21.3%/yr, 5-yr 23.5%/yr). Revenue fell 10.4% over the last year, against 23.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 22.2%**. Earnings per share rose 22.2%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: 2.2 billionp**. 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**. Metro Bank PLC does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 44.2%** (YTD 48.2%, 3-mo 13.4%). The shares are up 44.2% over twelve months including dividends.
- **From 52-week high: -4.3%** (81.5% 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): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 1.22** (volatility 33%). Beta of 1.22 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.