Ninety OneFRA:L91 74 Interest Coverage is 45.04 as of Mar. 2026, which is 22% below its 10-year median of 57.56. GuruFocus rates FRA:L91 with a GF Score™ of 74/100 and a GF Value™ of €2.12. The stock has 7 warning signs investors should review. Among 475 Asset Management companies, Ninety One ranks better than 52% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Ninety One's
Operating Income
for the
six
months ended in Mar. 2026 was €103.9 Mil. Ninety One's Interest Expense for the
six
months ended in Mar. 2026 was €-2.3 Mil.
Ninety One's interest coverage for the quarter that ended in Mar. 2026 was 45.04.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Ninety One Ltd has enough cash to cover all of its debt. Its financial situation is stable.
The historical rank and industry rank for Ninety One's Interest Coverage or its related term are showing as below:
FRA:L91'
s Interest Coverage Range Over the Past 10 Years
Min: 48.54 Med: 57.56 Max: 2597
Current: 52.12
FRA:L91's Interest Coverage is ranked better than 52% of 475
companies
in the Asset Management industry
Industry Median: 42.97
vs FRA:L91: 52.12
Ninety One (FRA:L91) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Ninety One Interest Coverage Related Terms
Ninety One Interest Coverage Historical Data
* Premium members only.
The historical data trend for Ninety One's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
FRA:L91 vs BLK, BX, KKR: Interest Coverage Comparison
For the Asset Management subindustry, Ninety One's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ninety One's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Ninety One's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 45.04 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ninety One and its competitors. This is 22% below median its historical median of 57.56. Over the past decade, Ninety One's Interest Coverage has ranged from 48.54 to 2,597.00. According to the industry distribution chart, Ninety One ranks #228 out of 475 companies in the Asset Management industry, placing it in the top 48%.
Is Ninety One's Interest Coverage too high?
Ninety One's current Interest Coverage of 45.04 is 22% below median its 10-year median of 57.56. Over the past 10 years, this metric has ranged from a low of 48.54 to a high of 2,597.00. The Asset Management industry median Interest Coverage is 42.97. Ninety One's value of 45.04 is 4.8% above this industry median. Based on the distribution chart, Ninety One ranks #228 out of 475 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 Interest Coverage compare to BLK and BX?
According to the Asset Management industry distribution chart, Ninety One ranks #228 out of 475 companies for Interest Coverage. This puts Ninety One in the upper half of its industry. The industry median Interest Coverage is 42.97. Ninety One's value of 45.04 is 4.8% above this benchmark. Historically, Ninety One's own Interest Coverage has ranged from 48.54 to 2,597.00 over the past decade. While the company's 10-year median is 57.56 vs. the industry median of 42.97, 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 Interest Coverage for an Asset Management company?
The median Interest Coverage among Asset Management companies is 42.97, based on 475 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ninety One's current Interest Coverage of 45.04 is 4.8% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ninety One and its competitors. For the Asset Management industry, the median Interest Coverage is 42.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ninety One's current Interest Coverage is 45.04, which is 22% below median its own 10-year median of 57.56. 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 Interest Coverage of 45.04. The stock's GF Value™ is €2.12, compared to a current price of €2.26 — trading 6.6% above its estimated fair value. The current Interest Coverage is 45.04, which is 22% below median its 10-year median of 57.56 and 4.8% above the Asset Management industry median of 42.97. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Ninety One (FRA:L91), the current Interest Coverage is 45.04 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 €2.26 is trading 6.6% above its estimated GF Value™ of €2.12.
Key valuation signals for FRA:L91:
Interest Coverage: 45.04 (22% below median its 10-year median of 57.56)
GF Value™: €2.12 vs. price of €2.26 (6.6% above fair value)
Industry Position: 4.8% above the Asset Management median (#228 of 475)
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
Get the complete analysis for FRA:L91
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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