# TR European Growth Trust (TRG.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 150p, market value 601 millionp.

## Valuation
- **P/E (trailing): 0.0×** (5-yr avg 770.3×, 3-yr avg 770.3×). TR European Growth Trust trades at 0.0× trailing earnings, well below its own five-year average of 770.3×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 6.4×**. Each dollar of revenue is priced at 6.4×.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 36.3%** (5-yr avg 0.1%). Free cash flow equals 36.3% 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: 5466.7%**. The inverse of the P/E: 5466.7% of the price is earned each year.

## Profitability
- **Net margin: 96.5%**. 96.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 17.6%**. 17.6% on shareholders' equity is solid.
- **Return on assets: 17.2%**. Each dollar of assets produces 17.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 7.2%**. Revenue grew 7.2% over the last year.
- **EPS growth (1 yr): 13.2%**. Earnings per share rose 13.2%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 86.2%/yr**. Free cash flow has compounded at 86.2% a year over three years.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: 1 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: 1.34%** (0p per share, trailing). TR European Growth Trust yields 1.34%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 21%** (9% of free cash flow). 21% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 15**. 15 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 12.2%/yr** (1-yr 2.1%). The dividend has compounded at 12.2% a year over five years, doubling roughly every 6 years at that pace.
- **Shareholder yield: 20.4%**. Dividends plus net buybacks return 20.4% of the market value a year.

## Price and momentum
- **Total return (1 yr): 13.6%** (YTD 10.2%, 3-mo -0.4%). The shares are up 13.6% over twelve months including dividends.
- **From 52-week high: -90.9%** (14.9% above the low). Trading 91% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 0.69** (volatility 16%). Beta of 0.69 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.