AJ Bell (LSE:AJB) FCF Margin %: 21.54% (As of Mar. 2026) — 26% Below Median


LSE:AJB AJ Bell PLC LSE:AJB
96 GF Score
Price £6.10
GF Value £5.85
Valuation Fairly Valued
! 4 Warning Signs
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What is AJ Bell FCF Margin %?

AJ Bell LSE:AJB -0.65% 96 FCF Margin % is 21.54% as of Mar. 2026, which is 26% below its 10-year median of 28.97. GuruFocus rates LSE:AJB with a GF Score™ of 96/100 and a GF Value™ of £5.85 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,456 Asset Management companies, AJ Bell ranks better than 58.59% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. AJ Bell's Free Cash Flow for the six months ended in Mar. 2026 was £39.4 Mil. AJ Bell's Revenue for the six months ended in Mar. 2026 was £183.0 Mil. Therefore, AJ Bell's FCF Margin % for the quarter that ended in Mar. 2026 was 21.54%.

As of today, AJ Bell's current FCF Yield % is 3.74%.

The historical rank and industry rank for AJ Bell's FCF Margin % or its related term are showing as below:

LSE:AJB' s FCF Margin % Range Over the Past 10 Years
Min: 17.04   Med: 28.97   Max: 44.86
Current: 25.88


During the past 10 years, the highest FCF Margin % of AJ Bell was 44.86%. The lowest was 17.04%. And the median was 28.97%.

LSE:AJB's FCF Margin % is ranked better than
58.59% of 1456 companies
in the Asset Management industry
Industry Median: 14.31 vs LSE:AJB: 25.88


AJ Bell FCF Margin % Related Terms


AJ Bell FCF Margin % Historical Data

* Premium members only.

The historical data trend for AJ Bell'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.

AJ Bell FCF Margin % Chart

AJ Bell Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.21 25.89 44.86 34.64 26.44

AJ Bell Semi-Annual Data
Sep16 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
FCF Margin % 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 33.36 35.86 21.87 30.70 21.54

LSE:AJB vs BLK, BX, KKR: FCF Margin % Comparison

For the Asset Management subindustry, AJ Bell'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.


AJ Bell FCF Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, AJ Bell's FCF Margin % distribution charts can be found below:

* The bar in red indicates where AJ Bell's FCF Margin % falls into.


LSE:AJB
96GF Score
AJ Bell PLC LSE:AJB
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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AJ Bell FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

AJ Bell's FCF Margin for the fiscal year that ended in Sep. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Sep. 2025 )/Revenue (A: Sep. 2025 )
=84.049/317.847
=26.44 %

AJ Bell's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=39.401/182.956
=21.54 %

* 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 FCF Margin % →
What does a FCF Margin % of 21.54% mean?
AJ Bell (LSE:AJB) has a FCF Margin % of 21.54% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on AJ Bell and its competitors. This is 26% below median its historical median of 28.97. Over the past decade, AJ Bell's FCF Margin % has ranged from 17.04 to 44.86. According to the industry distribution chart, AJ Bell ranks #603 out of 1456 companies in the Asset Management industry, placing it in the top 41.4%.
Is AJ Bell's FCF Margin % too high?
AJ Bell's current FCF Margin % of 21.54% is 26% below median its 10-year median of 28.97. Over the past 10 years, this metric has ranged from a low of 17.04 to a high of 44.86. The Asset Management industry median FCF Margin % is 14.31. AJ Bell's value of 21.54% is 50.5% above this industry median. Based on the distribution chart, AJ Bell ranks #603 out of 1456 companies in the Asset Management industry, which is above the industry midpoint. Overall, AJ Bell has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AJ Bell's FCF Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, AJ Bell ranks #603 out of 1456 companies for FCF Margin %. This puts AJ Bell in the upper half of its industry. The industry median FCF Margin % is 14.31. AJ Bell's value of 21.54% is 50.5% above this benchmark. Historically, AJ Bell's own FCF Margin % has ranged from 17.04 to 44.86 over the past decade. While the company's 10-year median is 28.97 vs. the industry median of 14.31, AJ Bell 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 14.31, based on 1,456 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. AJ Bell's current FCF Margin % of 21.54% is 50.5% 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 AJ Bell and its competitors. For the Asset Management industry, the median FCF Margin % is 14.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AJ Bell's current FCF Margin % is 21.54%, which is 26% below median its own 10-year median of 28.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AJ Bell stock overvalued right now?
Based on GuruFocus' analysis, AJ Bell (LSE:AJB) is currently considered Fairly Valued. The stock's GF Value™ is £5.85, compared to a current price of £6.10 — trading 4.2% above its estimated fair value. The current FCF Margin % is 21.54%, which is 26% below median its 10-year median of 28.97 and 50.5% above the Asset Management industry median of 14.31. AJ Bell's overall GF Score™ is 96/100 with 4 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 AJ Bell (LSE:AJB), the current FCF Margin % is 21.54% 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 AJ Bell (LSE:AJB) Overvalued in 2026?

Based on GuruFocus' analysis, AJ Bell stock appears to be overvalued. The current stock price of £6.10 is trading 4.2% above its estimated GF Value™ of £5.85. GuruFocus considers AJ Bell to be Fairly Valued.

Key valuation signals for LSE:AJB:

  • FCF Margin %: 21.54% (26% below median its 10-year median of 28.97)
  • GF Value™: £5.85 vs. price of £6.10 (4.2% above fair value)
  • GF Score™: 96/100 with 4 warning signs
  • Industry Position: 50.5% above the Asset Management median (#603 of 1456)

No single metric tells the full story. See the LSE:AJB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AJ Bell Business Description

Other Exchanges AJBl:UK3FY:Germany
Address 4 Exchange Quay, Salford Quays, Manchester, GBR, M5 3EE
AJ Bell PLC is an investment platform in the United Kingdom. The Group has a single operating segment, being investment services in the advised and D2C space, administering investments in SIPPs, ISAs, and General Investment / Dealing Accounts. SIPPs and ISAs, Lifetime ISA, and junior products. The company generates revenue from recurring ad valorem, which includes custody fees, interest income, and investment management fees, and transactional. The company earns its revenue from its domicile country United Kingdom.
96GF Score

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

£6.10
Price
£5.85
GF Value