# Pembroke VCT plc (PEMB.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 94p, market value 274 millionp.

## Valuation
- **P/E (trailing): 23.4×**. Pembroke VCT plc trades at 23.4× trailing earnings. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 12.3×**. Each dollar of revenue is priced at 12.3×, 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.
- **EV / EBITDA: 21.1×**. Enterprise value is 21.1× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -2.4%** (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.
- **Earnings yield: 4.3%**. The inverse of the P/E: 4.3% of the price is earned each year.

## Profitability
- **Gross margin: 64.8%**. Pembroke VCT plc keeps 64.8% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 46.4%**. 46.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 60.9%**. 60.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 3.4%**. 3.4% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 4.5%**. Return on all capital, debt included, is 4.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 3.5%**. Each dollar of assets produces 3.5% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 779.1%** (5-yr 1.7%/yr). Revenue grew 779.1% over the last year, against 1.7% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 1750.0%** (5-yr -23.4%/yr). Earnings per share rose 1750.0%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: 57 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**. Pembroke VCT plc does not currently pay a dividend, but it returned -27.4% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): -99.0%** (YTD 3.3%, 3-mo 1.6%). The shares are down 99.0% over twelve months including dividends.
- **From 52-week high: -0.5%** (3.3% above the low). Trading within 5% of its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 34**. An RSI of 34 is neutral.

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

Not investment advice.