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British Land Company PLC BLND.L

GB · London Stock Exchange · XLON · stock · Real Estate · website

British Land Company PLC statistics & valuation

Market cap£4.5B
P / E9.9×
P / S8.6×
P / B0.8×
Dividend yield5.11%
Net margin86.8%
Return on equity7.7%
Net debt£2.9B
Enterprise value USD$10.0B
Earnings yield EBIT/EV4%
Return on capital3.5%
Graham number -98.2%£7.68

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 (£7.68); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-248.30% -0.20% 74.40% 86.80% 2023202420252026
Gross margin (%)
76.80% 74.60% 72.90% 71.90% 2023202420252026
Operating margin (%)
55.70% 59.80% 54.80% 57.40% 2023202420252026
Return on equity (%)
-18.80% 0.00% 5.90% 7.70% 2023202420252026
Shares outstanding
1.02B 1.02B 1.02B 1.02B 2023202420252026
Net debt (£)
£2.27B £2.25B £2.79B £2.93B 2023202420252026
Share buybacks (£)
£2.0M 2023202420252026
Return on assets (%)
-12.50% 0.00% 3.80% 4.90% 2023202420252026
Free cash flow margin (%)
2023202420252026
Debt / equity (×)
0.43× 0.44× 0.50× 0.52× 2023202420252026
EPS (£)
-£1.12 -£0.00 £0.35 £0.45 2023202420252026

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

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin71.9%72.9%74.6%76.8%
Operating margin57.4%54.8%59.8%55.7%
Net margin86.8%74.4%-0.2%-248.3%
Return on assets4.9%3.8%-0.0%-12.5%
Return on equity7.7%5.9%-0.0%-18.8%
Debt / equity0.42×0.42×0.42×0.34×
Current ratio0.320.250.590.27

Computed from company filings · GB · as of 2026-03-31. Figures in GBP. Facts plus Stocktoria's own computed scores — not investment advice.