# Murray Income Trust Plc (MUT.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 994p, market value 928 millionp.

## Valuation
- **P/E (trailing): 8.3×** (5-yr avg 1629.3×, 3-yr avg 1996.8×). Murray Income Trust Plc trades at 8.3× trailing earnings, well below its own five-year average of 1629.3×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 5.8×**. Each dollar of revenue is priced at 5.8×.
- **Price / book: 1.0×**. The shares trade at 1.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 6.8×**. Enterprise value is 6.8× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 7.4%** (5-yr avg 0.0%). Free cash flow equals 7.4% 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: 12.1%**. The inverse of the P/E: 12.1% of the price is earned each year.

## Profitability
- **Gross margin: 99.0%**. Murray Income Trust Plc keeps 99.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 93.9%**. 93.9% of revenue is left after running the business, an exceptional level.
- **Net margin: 77.0%**. 77.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.5%**. 2.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 14.7%**. Return on all capital, debt included, is 14.7%.
- **Return on assets: 14.1%**. Each dollar of assets produces 14.1% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -50.7%**. Revenue fell 50.7% over the last year.
- **EPS growth (1 yr): -73.9%**. Earnings per share fell 73.9%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: 10 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**. Murray Income Trust Plc does not currently pay a dividend, but it returned 11.7% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 11.6%** (YTD 8.9%, 3-mo 5.5%). The shares are up 11.6% over twelve months including dividends.
- **From 52-week high: -6.4%** (16.3% above the low). Trading 6% 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): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 0.87** (volatility 13%). Beta of 0.87 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.