Henderson Smaller Investment Trust (LSE:HSL) EV-to-FCF: 3.73 (As of Jul. 04, 2026) — 94% Below Median


LSE:HSL Henderson Smaller Companies Investment Trust PLC LSE:HSL
30 GF Score
Price £9.26
! 4 Warning Signs
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What is Henderson Smaller Investment Trust EV-to-FCF?

Henderson Smaller Investment Trust LSE:HSL +0.54% 30 EV-to-FCF is 3.73 as of Jul. 04, 2026, which is 94% below its 10-year median of 60.69. GuruFocus rates LSE:HSL with a GF Score™ of 30/100. The stock has 4 warning signs investors should review. Among 936 Asset Management companies, Henderson Smaller Investment Trust ranks better than 87.5% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Henderson Smaller Investment Trust's Enterprise Value is £538.85 Mil. Henderson Smaller Investment Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Nov. 2025 was £144.50 Mil. Therefore, Henderson Smaller Investment Trust's EV-to-FCF for today is 3.73.

The historical rank and industry rank for Henderson Smaller Investment Trust's EV-to-FCF or its related term are showing as below:

LSE:HSL' s EV-to-FCF Range Over the Past 10 Years
Min: 3.71   Med: 60.69   Max: 1173.52
Current: 3.71

During the past 13 years, the highest EV-to-FCF of Henderson Smaller Investment Trust was 1173.52. The lowest was 3.71. And the median was 60.69.

LSE:HSL's EV-to-FCF is ranked better than
87.5% of 936 companies
in the Asset Management industry
Industry Median: 14.505 vs LSE:HSL: 3.71

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-04), Henderson Smaller Investment Trust's stock price is £9.26. Henderson Smaller Investment Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Nov. 2025 was £0.104. Therefore, Henderson Smaller Investment Trust's PE Ratio (TTM) for today is 89.04.


Henderson Smaller Investment Trust  (LSE:HSL) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Henderson Smaller Investment Trust's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=9.26/0.104
=89.04

Henderson Smaller Investment Trust's share price for today is £9.26.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Henderson Smaller Investment Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Nov. 2025 was £0.104.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Henderson Smaller Investment Trust EV-to-FCF Related Terms


Henderson Smaller Investment Trust EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Henderson Smaller Investment Trust's EV-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Henderson Smaller Investment Trust EV-to-FCF Chart

Henderson Smaller Investment Trust Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,025.48 57.75 30.79 61.96 6.77

Henderson Smaller Investment Trust Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 61.96 0.00 6.77 0.00

LSE:HSL vs BLK, BX, KKR: EV-to-FCF Comparison

For the Asset Management subindustry, Henderson Smaller Investment Trust's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Henderson Smaller Investment Trust EV-to-FCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Henderson Smaller Investment Trust's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Henderson Smaller Investment Trust's EV-to-FCF falls into.


LSE:HSL
30GF Score
Henderson Smaller Companies Investment Trust PLC LSE:HSL
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
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Henderson Smaller Investment Trust EV-to-FCF Calculation

Henderson Smaller Investment Trust's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=538.846/144.499
=3.73

Henderson Smaller Investment Trust's current Enterprise Value is £538.85 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Henderson Smaller Investment Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Nov. 2025 was £144.50 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 3.73 mean?
Henderson Smaller Investment Trust (LSE:HSL) has a EV-to-FCF of 3.73 as of Jul. 04, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Henderson Smaller Investment Trust and its competitors. This is 94% below median its historical median of 60.69. Over the past decade, Henderson Smaller Investment Trust's EV-to-FCF has ranged from 3.71 to 1,173.52. According to the industry distribution chart, Henderson Smaller Investment Trust ranks #117 out of 936 companies in the Asset Management industry, placing it in the top 12.5%.
Is Henderson Smaller Investment Trust's EV-to-FCF too high?
Henderson Smaller Investment Trust's current EV-to-FCF of 3.73 is 94% below median its 10-year median of 60.69. Over the past 10 years, this metric has ranged from a low of 3.71 to a high of 1,173.52. The Asset Management industry median EV-to-FCF is 14.51. Henderson Smaller Investment Trust's value of 3.73 is 74.3% below this industry median. Based on the distribution chart, Henderson Smaller Investment Trust ranks #117 out of 936 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Henderson Smaller Investment Trust has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Henderson Smaller Investment Trust's EV-to-FCF compare to BLK and BX?
According to the Asset Management industry distribution chart, Henderson Smaller Investment Trust ranks #117 out of 936 companies for EV-to-FCF. This places Henderson Smaller Investment Trust in the top 13% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 14.51. Henderson Smaller Investment Trust's value of 3.73 is 74.3% below this benchmark. Historically, Henderson Smaller Investment Trust's own EV-to-FCF has ranged from 3.71 to 1,173.52 over the past decade. While the company's 10-year median is 60.69 vs. the industry median of 14.51, Henderson Smaller Investment Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Asset Management company?
The median EV-to-FCF among Asset Management companies is 14.51, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Henderson Smaller Investment Trust's current EV-to-FCF of 3.73 is 74.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Henderson Smaller Investment Trust and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Henderson Smaller Investment Trust's current EV-to-FCF is 3.73, which is 94% below median its own 10-year median of 60.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henderson Smaller Investment Trust stock overvalued right now?
Henderson Smaller Investment Trust (LSE:HSL) has a current EV-to-FCF of 3.73. The current EV-to-FCF is 3.73, which is 94% below median its 10-year median of 60.69 and 74.3% below the Asset Management industry median of 14.51. Henderson Smaller Investment Trust's overall GF Score™ is 30/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Henderson Smaller Investment Trust (LSE:HSL), the current EV-to-FCF is 3.73 as of Jul. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Henderson Smaller Investment Trust Business Description

Address 201 Bishopsgate, London, GBR, EC2M 3AE
Henderson Smaller Companies Investment Trust PLC is a closed-ended equity mutual fund. Its investment objective is to maximize shareholder's total returns by investing in smaller companies quoted in the United Kingdom. The company's only segment being the activity of investing in shares and securities for capital appreciation. Geographically, it operates only in the United Kingdom.
30GF Score

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