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Ashmore Group Plc ASHM.L

GB · London Stock Exchange · XLON · stock · Financial Services · website

Ashmore Group Plc statistics & valuation

Market cap£1.4B
P / E13.7×
P / S9.8×
P / B1.8×
P / FCF221.3×
Dividend yield8.39%
Net margin71.6%
Return on equity13.0%
FCF margin4.4%
Net cash£347.9M
Enterprise value USD$1.4B
Earnings yield EBIT/EV3%
Return on capital3.7%
Graham number -99.1%£2.03

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (£2.03); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
43.10% 49.60% 56.20% 71.60% 2023202420252026
Gross margin (%)
87.60% 86.80% 83.50% 82.70% 2023202420252026
Operating margin (%)
50.20% 38.00% 30.30% 22.50% 2023202420252026
Return on equity (%)
9.30% 10.60% 10.40% 13.00% 2023202420252026
Shares outstanding
650.8M 650.8M 650.8M 650.8M 2023202420252026
Net debt (£)
-£472.8M -£505.4M -£344.2M -£347.9M 2023202420252026
Share buybacks (£)
£15.6M £13.8M £35.4M £13.9M 2023202420252026
Return on assets (%)
8.30% 9.60% 8.70% 9.60% 2023202420252026
Free cash flow margin (%)
53.90% 46.70% 11.20% 4.40% 2023202420252026
Debt / equity (×)
0.01× 0.01× 0.01× 0.02× 2023202420252026
EPS (£)
£0.12 £0.14 £0.12 £0.15 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Ashmore Group Plc trades at about 1446.8× earnings — near its 10-year norm (10-year range 1270.8×–1698.8×, median 1485.1×).

1270.8× 1698.8×

Shaded band = 10-year range (1270.8×–1698.8×); dot = today's 1446.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin82.7%83.5%86.8%87.6%
Operating margin22.5%30.3%38.0%50.2%
Net margin71.6%56.2%49.6%43.1%
FCF margin4.4%11.2%46.7%53.9%
Return on assets9.6%8.7%9.6%8.3%
Return on equity13.0%10.4%10.6%9.3%
Current ratio4.126.6710.6810.09

Computed from company filings · GB · as of 2025-06-30. Figures in GBP. Facts plus Stocktoria's own computed scores — not investment advice.