# Baillie Gifford US Growth Trust PLC (USA.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 352p, market value 973 millionp.

## Valuation
- **P/E (trailing): 17.6×** (5-yr avg 481.4×, 3-yr avg 575.5×). Baillie Gifford US Growth Trust PLC trades at 17.6× trailing earnings, well below its own five-year average of 481.4×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 3.0×**. Each dollar of revenue is priced at 3.0×.
- **Price / book: 1.3×**. The shares trade at 1.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 3.2×**. Enterprise value is 3.2× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -1.4%** (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: 5.7%**. The inverse of the P/E: 5.7% of the price is earned each year.

## Profitability
- **Gross margin: 97.3%**. Baillie Gifford US Growth Trust PLC keeps 97.3% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 96.7%**. 96.7% of revenue is left after running the business, an exceptional level.
- **Net margin: 97.3%**. 97.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 18.2%**. 18.2% on shareholders' equity is solid.
- **Return on invested capital: 39.9%**. Return on all capital, debt included, is 39.9%: comfortably above what that capital costs.
- **Return on assets: 38.9%**. Each dollar of assets produces 38.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 53.5%** (5-yr 0.1%/yr). Revenue grew 53.5% over the last year, against 0.1% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 56.7%** (5-yr -3.8%/yr). Earnings per share rose 56.7%, roughly in step with revenue.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: 9 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**. Baillie Gifford US Growth Trust PLC does not currently pay a dividend, but it returned 6.3% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 32.0%** (YTD 21.6%, 3-mo 3.7%). The shares are up 32.0% over twelve months including dividends.
- **From 52-week high: -4.9%** (34.7% above the low). Trading within 5% of 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): 70**. An RSI of 70 is neutral.
- **Beta (1 yr): 0.44** (volatility 22%). Beta of 0.44 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.