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Merchants Trust (The)LSE:MRCH -0.46%39 EV-to-FCF is 16.37 as of Jul. 21, 2026, which is 2% above its 10-year median of 16.06. GuruFocus rates LSE:MRCH with a GF Score™ of 39/100. The stock has 5 warning signs investors should review. Among 939 Asset Management companies, Merchants Trust (The) ranks worse than 55.38% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Merchants Trust (The)'s Enterprise Value is £1,050.7 Mil.
Merchants Trust (The)'s Free Cash Flow for the trailing twelve months (TTM) ended in Jan. 2026 was £64.2 Mil. Therefore, Merchants Trust (The)'s EV-to-FCF for today is 16.37.
The historical rank and industry rank for Merchants Trust (The)'s EV-to-FCF or its related term are showing as below:
LSE:MRCH'
s EV-to-FCF Range Over the Past 10 Years
Min: -238.6 Med: 16.06 Max: 84.36
Current: 16.44
During the past 13 years, the highest EV-to-FCF of Merchants Trust (The) was 84.36. The lowest was -238.60. And the median was 16.06.
LSE:MRCH's EV-to-FCF is ranked worse than 55.38% of 939
companies
in the Asset Management industry
Industry Median: 14.18
vs LSE:MRCH: 16.44
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.
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.
Merchants Trust (The)'s PE Ratio (TTM) for today is calculated as:
Merchants Trust (The)'s share price for today is £6.51.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Merchants Trust (The)'s Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was £1.096.
* 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.
* 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.
For the Asset Management subindustry, Merchants Trust (The)'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.
Merchants Trust (The) EV-to-FCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Merchants Trust (The)'s EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Merchants Trust (The)'s EV-to-FCF falls into.
Merchants Trust (The)'s current Enterprise Value is £1,050.7 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Merchants Trust (The)'s Free Cash Flow for the trailing twelve months (TTM) ended in Jan. 2026 was £64.2 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.
Merchants Trust (The) (LSE:MRCH) has a EV-to-FCF of 16.37 as of Jul. 21, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Merchants Trust (The) and its competitors. This is near median its historical median of 16.06. According to the industry distribution chart, Merchants Trust (The) ranks #520 out of 939 companies in the Asset Management industry, placing it in the top 55.4%.
Is Merchants Trust (The)'s EV-to-FCF too high?
Merchants Trust (The)'s current EV-to-FCF of 16.37 is near median its 10-year median of 16.06. The Asset Management industry median EV-to-FCF is 14.18. Merchants Trust (The)'s value of 16.37 is 15.4% above this industry median. Based on the distribution chart, Merchants Trust (The) ranks #520 out of 939 companies in the Asset Management industry, which is below the industry midpoint. Overall, Merchants Trust (The) has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Merchants Trust (The)'s EV-to-FCF compare to BLK and BX?
According to the Asset Management industry distribution chart, Merchants Trust (The) ranks #520 out of 939 companies for EV-to-FCF. This places Merchants Trust (The) in the lower half of its industry. The industry median EV-to-FCF is 14.18. Merchants Trust (The)'s value of 16.37 is 15.4% above this benchmark. While the company's 10-year median is 16.06 vs. the industry median of 14.18, Merchants Trust (The) has consistently been above 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 14.18, based on 939 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. Merchants Trust (The)'s current EV-to-FCF of 16.37 is 15.4% above 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 Merchants Trust (The) and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merchants Trust (The)'s current EV-to-FCF is 16.37, which is near median its own 10-year median of 16.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merchants Trust (The) stock overvalued right now?
Merchants Trust (The) (LSE:MRCH) has a current EV-to-FCF of 16.37. The current EV-to-FCF is 16.37, which is near median its 10-year median of 16.06 and 15.4% above the Asset Management industry median of 14.18. Merchants Trust (The)'s overall GF Score™ is 39/100 with 5 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 Merchants Trust (The) (LSE:MRCH), the current EV-to-FCF is 16.37 as of Jul. 21, 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.
Merchants Trust (The) PLC is an investment trust. Its objective is to provide an above-average level of income and income growth together with long-term capital growth through a policy of investing mainly in higher-yielding large UK companies. Its performance is benchmarked against the FTSE All-Share Index.
39GF Score
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