# Tribal Group plc (TRB.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Technology / Software. Price 62p, market value 134 millionp.

## Valuation
- **P/E (trailing): 15.6×** (5-yr avg 2207.3×, 3-yr avg 1905.7×). Tribal Group plc trades at 15.6× trailing earnings, well below its own five-year average of 2207.3×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 14.4×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.23**. A PEG of 0.23 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.7×**. Each dollar of revenue is priced at 0.7×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 2.2×**. The shares trade at 2.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 4.4×**. Enterprise value is 4.4× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 21.1%** (5-yr avg 0.0%). Free cash flow equals 21.1% 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: 6.4%**. The inverse of the P/E: 6.4% of the price is earned each year.

## Profitability
- **Gross margin: 47.3%**. Tribal Group plc keeps 47.3% of revenue after the direct cost of what it sells.
- **Operating margin: 12.6%**. 12.6% of revenue is left after running the business.
- **Net margin: 9.7%**. 9.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 14.9%**. 14.9% on shareholders' equity is solid.
- **Return on invested capital: 36.7%**. Return on all capital, debt included, is 36.7%: comfortably above what that capital costs.
- **Return on assets: 13.2%**. Each dollar of assets produces 13.2% of profit.

## Growth
- **Revenue growth (1 yr): 2.8%** (3-yr 3.4%/yr, 5-yr 4.9%/yr). Revenue grew 2.8% over the last year, against 4.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 62.2%** (5-yr 6.2%/yr). Earnings per share rose 62.2%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.02**. Debt is 0.02 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Tribal Group plc holds more cash than debt.
- **Interest coverage: 12.4×**. Operating profit covers interest 12.4× over, a safe margin.
- **Current ratio: 0.52** (quick 0.52). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 3.42**. A Z-score of 3.42 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.10%** (0p per share, trailing). Tribal Group plc yields 3.10%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 16%** (10% of free cash flow). 16% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): -10.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.
- **Shareholder yield: 3.0%**. Dividends plus net buybacks return 3.0% of the market value a year.

## Analyst view
- **Analyst consensus: strong_buy** (2 analysts). 2 analysts cover Tribal Group plc; the consensus is strong_buy, with an average price target of 94p (+50% 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): -5.5%** (YTD -7.9%, 3-mo 1.8%). The shares are down 5.5% over twelve months including dividends.
- **From 52-week high: -15.8%** (35.4% above the low). Trading 16% below 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): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): 0.63** (volatility 41%). Beta of 0.63 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.