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Land Securities Group Plc LAND.L

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

Land Securities Group Plc statistics & valuation

Market cap£5.3B
P / E15.5×
P / S6.1×
P / B0.8×
P / FCF79.2×
Dividend yield5.46%
Net margin39.4%
Return on equity5.2%
FCF margin7.7%
Net debt£4.4B
Enterprise value USD$13.1B
Earnings yield EBIT/EV4.3%
Return on capital4.1%
Graham number -98.7%£9.52

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 (£9.52); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-78.30% -38.70% 47.60% 39.40% 2023202420252026
Gross margin (%)
65.60% 60.70% 61.30% 57.50% 2023202420252026
Operating margin (%)
54.70% 51.70% 52.60% 48.40% 2023202420252026
Return on equity (%)
-8.80% -5.00% 6.10% 5.20% 2023202420252026
Shares outstanding
745.0M 745.0M 745.0M 745.0M 2023202420252026
Net debt (£)
£3.50B £3.70B £4.51B £4.39B 2023202420252026
Share buybacks (£)
£0 £27.0M 2023202420252026
Return on assets (%)
-5.60% -3.00% 3.40% 3.00% 2023202420252026
Free cash flow margin (%)
30.30% 25.70% 11.20% 7.70% 2023202420252026
Debt / equity (×)
0.51× 0.59× 0.70× 0.69× 2023202420252026
EPS (£)
-£0.84 -£0.43 £0.53 £0.46 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 margin57.5%61.3%60.7%65.6%
Operating margin48.4%52.6%51.7%54.7%
Net margin39.4%47.6%-38.7%-78.3%
FCF margin7.7%11.2%25.7%30.3%
Return on assets3.0%3.4%-3.0%-5.6%
Return on equity5.2%6.1%-5.0%-8.8%
Debt / equity0.55×0.56×0.43×0.45×
Current ratio0.570.600.420.82

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