# Porvair plc (PRV.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Industrials / Construction & Engineering. Price 858p, market value 396 millionp.

## Valuation
- **P/E (trailing): 21.4×** (5-yr avg 1985.0×, 3-yr avg 1855.6×). Porvair plc trades at 21.4× trailing earnings, well below its own five-year average of 1985.0×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 18.4×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 2.21**. A PEG of 2.21 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **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: 2.3×**. The shares trade at 2.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 6.3×**. Enterprise value is 6.3× 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 0.1%). Free cash flow equals 8.7% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 4.7%**. The inverse of the P/E: 4.7% of the price is earned each year.

## Profitability
- **Gross margin: 34.8%**. Porvair plc keeps 34.8% of revenue after the direct cost of what it sells.
- **Operating margin: 12.2%**. 12.2% of revenue is left after running the business.
- **Net margin: 9.4%**. 9.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.8%**. 10.8% on shareholders' equity is solid.
- **Return on invested capital: 22.3%**. Return on all capital, debt included, is 22.3%: comfortably above what that capital costs.
- **Return on assets: 15.9%**. Each dollar of assets produces 15.9% of profit.

## Growth
- **Revenue growth (1 yr): 0.7%** (3-yr 4.0%/yr, 5-yr 7.5%/yr). Revenue grew 0.7% over the last year, against 7.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 8.3%** (3-yr 6.8%/yr, 5-yr 16.7%/yr). Earnings per share rose 8.3%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 7.0%/yr**. Free cash flow has compounded at 7.0% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.16**. Debt is 0.16 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.1×**. It would take 0.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 17.0×**. Operating profit covers interest 17.0× over, a safe margin.
- **Current ratio: 2.54** (quick 1.61). Current assets cover the next year's liabilities 2.54 times.
- **Altman Z-score: 6.86**. A Z-score of 6.86 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.80%** (0p per share, trailing). Porvair plc yields 0.80%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 16%** (17% of free cash flow). 16% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 21**. 21 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 5.5%/yr** (1-yr 4.9%). The dividend has grown 5.5% a year over five years.
- **Shareholder yield: 1.1%**. Dividends plus net buybacks return 1.1% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (6 analysts). 6 analysts cover Porvair plc; the consensus is buy, with an average price target of 976p (+14% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 21.0%** (YTD 3.6%, 3-mo 7.4%). The shares are up 21.0% over twelve months including dividends.
- **From 52-week high: -8.5%** (26.4% above the low). Trading 9% 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): 55**. An RSI of 55 is neutral.
- **Beta (1 yr): 0.58** (volatility 31%). Beta of 0.58 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.