Scottish Mortgage Investment Trust (LSE:SMT) EV-to-FCF: -251.97 (As of Aug. 28, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LSE:SMT Scottish Mortgage Investment Trust PLC LSE:SMT
33 GF Score
Price £14.79
! 5 Warning Signs
View Full Analysis

What is Scottish Mortgage Investment Trust EV-to-FCF?

Scottish Mortgage Investment Trust LSE:SMT +0.78% 33 EV-to-FCF is -251.97 as of Aug. 28, 2026. GuruFocus rates LSE:SMT with a GF Score™ of 33/100. The stock has 5 warning signs investors should review. Among 942 Asset Management companies, Scottish Mortgage Investment Trust ranks worse than 106157.01% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Scottish Mortgage Investment Trust's Enterprise Value is £17,316 Mil. Scottish Mortgage Investment Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was £-69 Mil. Therefore, Scottish Mortgage Investment Trust's EV-to-FCF for today is -251.97.

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

LSE:SMT' s EV-to-FCF Range Over the Past 10 Years
Min: -3991.8   Med: -335.24   Max: -130.03
Current: -251.97

During the past 13 years, the highest EV-to-FCF of Scottish Mortgage Investment Trust was -130.03. The lowest was -3991.80. And the median was -335.24.

LSE:SMT's EV-to-FCF is ranked worse than
100% of 942 companies
in the Asset Management industry
Industry Median: 14.105 vs LSE:SMT: -251.97

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 (2026-08-28), Scottish Mortgage Investment Trust's stock price is £14.785. Scottish Mortgage Investment Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was £2.701. Therefore, Scottish Mortgage Investment Trust's PE Ratio (TTM) for today is 5.47.


Scottish Mortgage Investment Trust  (LSE:SMT) 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.

Scottish Mortgage Investment Trust's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=14.785/2.701
=5.47

Scottish Mortgage Investment Trust's share price for today is £14.785.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Scottish Mortgage Investment Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was £2.701.

* 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.


Scottish Mortgage Investment Trust EV-to-FCF Related Terms


Scottish Mortgage Investment Trust EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Scottish Mortgage 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.

Scottish Mortgage Investment Trust EV-to-FCF Chart

Scottish Mortgage Investment Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -194.61 -176.29 -222.96 -156.99 -210.07

Scottish Mortgage Investment Trust Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 -222.96 0.00 -156.99 0.00 -210.07

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

For the Asset Management subindustry, Scottish Mortgage 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.


Scottish Mortgage Investment Trust EV-to-FCF vs Asset Management Industry

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

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


LSE:SMT
33GF Score
Scottish Mortgage Investment Trust PLC LSE:SMT
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Scottish Mortgage Investment Trust EV-to-FCF Calculation

Scottish Mortgage Investment Trust's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=17315.692/-68.721
=-251.97

Scottish Mortgage Investment Trust's current Enterprise Value is £17,316 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Scottish Mortgage Investment Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was £-69 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 -251.97 mean?
Scottish Mortgage Investment Trust (LSE:SMT) has a EV-to-FCF of -251.97 as of Aug. 28, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Scottish Mortgage Investment Trust and its competitors. According to the industry distribution chart, Scottish Mortgage Investment Trust ranks #999999 out of 942 companies in the Asset Management industry.
Is Scottish Mortgage Investment Trust's EV-to-FCF too high?
Scottish Mortgage Investment Trust's current EV-to-FCF is -251.97. Based on the distribution chart, Scottish Mortgage Investment Trust ranks #999999 out of 942 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Scottish Mortgage Investment Trust has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Scottish Mortgage Investment Trust's EV-to-FCF compare to BLK and BX?
According to the Asset Management industry distribution chart, Scottish Mortgage Investment Trust ranks #999999 out of 942 companies for EV-to-FCF. This places Scottish Mortgage Investment Trust in the lower half of its industry. The industry median EV-to-FCF is 14.11. 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 14.11, based on 942 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. 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 Scottish Mortgage Investment Trust and its competitors. For the Asset Management industry, the median EV-to-FCF is 14.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scottish Mortgage Investment Trust's current EV-to-FCF is -251.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scottish Mortgage Investment Trust stock overvalued right now?
Scottish Mortgage Investment Trust (LSE:SMT) has a current EV-to-FCF of -251.97. The current EV-to-FCF is -251.97. Scottish Mortgage Investment Trust's overall GF Score™ is 33/100 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 Scottish Mortgage Investment Trust (LSE:SMT), the current EV-to-FCF is -251.97 as of Aug. 28, 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.

Scottish Mortgage Investment Trust Business Description

Address 1 Greenside Row, Calton Square, Edinburgh, GBR, EH1 3AN
Scottish Mortgage Investment Trust PLC is an investment trust company. The company's objective is to maximize total return from a portfolio of long-term investments chosen on a global basis enabling the company to provide capital and dividend growth. The company focuses on investment in quoted securities irrespective of any geographical, industry, and sector exposure. The portfolio also invests in fixed-income securities, convertible securities, funds, unquoted entities, and other assets.
33GF Score

Get the complete analysis for LSE:SMT

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£14.79
Price