# Tatton Asset Management plc (TAM.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Capital Markets. Price 667p, market value 405 millionp.

## Valuation
- **P/E (trailing): 22.2×** (5-yr avg 2893.0×, 3-yr avg 2331.6×). Tatton Asset Management plc trades at 22.2× trailing earnings, well below its own five-year average of 2893.0×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 15.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.99**. A PEG of 0.99 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 4.1×**. Each dollar of revenue is priced at 4.1×.
- **Price / book: 7.4×**. The shares trade at 7.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 7.7×**. Enterprise value is 7.7× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 10.9%** (5-yr avg 0.0%). Free cash flow equals 10.9% 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: 4.5%**. The inverse of the P/E: 4.5% of the price is earned each year.

## Profitability
- **Gross margin: 97.9%**. Tatton Asset Management plc keeps 97.9% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 45.9%**. 45.9% of revenue is left after running the business, an exceptional level.
- **Net margin: 34.6%**. 34.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 34.2%**. 34.2% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 164.7%**. Return on all capital, debt included, is 164.7%: comfortably above what that capital costs.
- **Return on assets: 51.3%**. Each dollar of assets produces 51.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 20.1%** (3-yr 19.0%/yr, 5-yr 18.4%/yr). Revenue grew 20.1% over the last year, against 18.4% a year compounded over five years.
- **EPS growth (1 yr): 15.4%** (3-yr 26.0%/yr, 5-yr 16.5%/yr). Earnings per share rose 15.4%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 21.0%/yr**. Free cash flow has compounded at 21.0% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: 35 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 yield: 3.88%** (0p per share, trailing). Tatton Asset Management plc yields 3.88%, an income-level yield.
- **Payout ratio: 69%** (53% of free cash flow). 69% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): 16.8%/yr** (1-yr 22.9%). The dividend has compounded at 16.8% a year over five years, doubling roughly every 4 years at that pace.
- **Shareholder yield: 4.8%**. Dividends plus net buybacks return 4.8% of the market value a year.

## Price and momentum
- **Total return (1 yr): -4.1%** (YTD 4.9%, 3-mo 14.6%). The shares are down 4.1% over twelve months including dividends.
- **From 52-week high: -18.4%** (27.3% above the low). Trading 18% 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): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 0.53** (volatility 28%). Beta of 0.53 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.