Ninety OneFRA:L91 -1.71%74 FCF Margin % is 62.89% as of Mar. 2026, which is 22% above its 10-year median of 51.54. GuruFocus rates FRA:L91 with a GF Score™ of 74/100 and a GF Value™ of €2.10. The stock has 7 warning signs investors should review. Among 1,465 Asset Management companies, Ninety One ranks better than 54.4% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Ninety One's Free Cash Flow for the
six
months ended in Mar. 2026 was €294.8 Mil. Ninety One's Revenue for the
six
months ended in Mar. 2026 was €468.7 Mil. Therefore, Ninety One's FCF Margin % for the quarter that ended in Mar. 2026 was 62.89%.
The historical rank and industry rank for Ninety One's FCF Margin % or its related term are showing as below:
FRA:L91'
s FCF Margin % Range Over the Past 10 Years
Min: 9.75 Med: 51.54 Max: 109.47
Current: 21.69
During the past 10 years, the highest FCF Margin % of Ninety One was 109.47%. The lowest was 9.75%. And the median was 51.54%.
FRA:L91's FCF Margin % is ranked better than 54.4% of 1465
companies
in the Asset Management industry
Industry Median: 14.69
vs FRA:L91: 21.69
Ninety One FCF Margin % Related Terms
Ninety One FCF Margin % Historical Data
* Premium members only.
The historical data trend for Ninety One's FCF Margin % 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.
For the Asset Management subindustry, Ninety One's FCF Margin %, along with its competitors' market caps and FCF Margin % 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.
Ninety One FCF Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ninety One's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Ninety One's FCF Margin % falls into.
* 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.
Ninety One (FRA:L91) has a FCF Margin % of 62.89% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Ninety One and its competitors. This is 22% above median its historical median of 51.54. Over the past decade, Ninety One's FCF Margin % has ranged from 9.75 to 109.47. According to the industry distribution chart, Ninety One ranks #668 out of 1465 companies in the Asset Management industry, placing it in the top 45.6%.
Is Ninety One's FCF Margin % too high?
Ninety One's current FCF Margin % of 62.89% is 22% above median its 10-year median of 51.54. Over the past 10 years, this metric has ranged from a low of 9.75 to a high of 109.47. The Asset Management industry median FCF Margin % is 14.69. Ninety One's value of 62.89% is 328.1% above this industry median. Based on the distribution chart, Ninety One ranks #668 out of 1465 companies in the Asset Management industry, which is above the industry midpoint. Overall, Ninety One has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Ninety One's FCF Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Ninety One ranks #668 out of 1465 companies for FCF Margin %. This puts Ninety One in the upper half of its industry. The industry median FCF Margin % is 14.69. Ninety One's value of 62.89% is 328.1% above this benchmark. Historically, Ninety One's own FCF Margin % has ranged from 9.75 to 109.47 over the past decade. While the company's 10-year median is 51.54 vs. the industry median of 14.69, Ninety One 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 FCF Margin % for an Asset Management company?
The median FCF Margin % among Asset Management companies is 14.69, based on 1,465 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ninety One's current FCF Margin % of 62.89% is 328.1% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Ninety One and its competitors. For the Asset Management industry, the median FCF Margin % is 14.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ninety One's current FCF Margin % is 62.89%, which is 22% above median its own 10-year median of 51.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ninety One stock overvalued right now?
Ninety One (FRA:L91) has a current FCF Margin % of 62.89%. The stock's GF Value™ is €2.10, compared to a current price of €2.30 — trading 9.5% above its estimated fair value. The current FCF Margin % is 62.89%, which is 22% above median its 10-year median of 51.54 and 328.1% above the Asset Management industry median of 14.69. Ninety One's overall GF Score™ is 74/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Ninety One (FRA:L91), the current FCF Margin % is 62.89% as of Mar. 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.
Is Ninety One (FRA:L91) Overvalued in 2026?
Based on GuruFocus' analysis, Ninety One stock appears to be overvalued.
The current stock price of €2.30 is trading 9.5% above its estimated GF Value™ of €2.10.
Key valuation signals for FRA:L91:
FCF Margin %: 62.89% (22% above median its 10-year median of 51.54)
GF Value™: €2.10 vs. price of €2.30 (9.5% above fair value)
Industry Position: 328.1% above the Asset Management median (#668 of 1465)
No single metric tells the full story. See the FRA:L91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ninety One Ltd is an asset manager. The company provides a range of differentiated strategies managed by its specialist investment teams, providing access to a diverse range of asset classes and regions. It serves its client base via five regional teams namely Africa, the United Kingdom, Asia Pacific, the Americas and Europe and across two distribution channels Institutional and Advisor. Institutional clients include private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations and central banks, while Advisor clients include large retail groups, wealth managers, private banks and intermediaries serving individual investors.
74GF Score
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