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London Stock Exchange Group plc LSEG.L

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

London Stock Exchange Group plc statistics & valuation

Market cap£41.5B
P / E33.3×
P / S4.4×
P / B2.1×
P / FCF24.2×
Dividend yield1.73%
Net margin13.4%
Return on equity6.3%
FCF margin18.4%
Net debt£9.0B
Enterprise value USD$68.2B
Earnings yield EBIT/EV4.3%
Return on capital6.5%
Graham number -99.5%£46.61

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 (£46.61); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
16.80% 9.10% 7.70% 13.40% 2022202320242025
Gross margin (%)
86.30% 86.40% 86.80% 88.10% 2022202320242025
Operating margin (%)
21.20% 19.80% 15.50% 23.20% 2022202320242025
Return on equity (%)
5.00% 3.20% 3.00% 6.30% 2022202320242025
Shares outstanding
485.4M 485.4M 485.4M 485.4M 2022202320242025
Net debt (£)
£6.83B £7.45B £7.83B £8.96B 2022202320242025
Share buybacks (£)
£383.0M £1.24B £1.05B £2.15B 2022202320242025
Return on assets (%)
0.20% 0.10% 0.10% 0.20% 2022202320242025
Free cash flow margin (%)
22.90% 22.20% 27.00% 18.40% 2022202320242025
Debt / equity (×)
0.34× 0.41× 0.43× 0.59× 2022202320242025
EPS (£)
£2.33 £1.38 £1.28 £2.37 2022202320242025

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

London Stock Exchange Group plc trades at about 3610.1× earnings — below its 10-year norm (10-year range 3185.4×–9402.3×, median 6475×).

3185.4× 9402.3×

Shaded band = 10-year range (3185.4×–9402.3×); dot = today's 3610.1×.

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)

RatioFY2025FY2024FY2023FY2022
Gross margin88.1%86.8%86.4%86.3%
Operating margin23.2%15.5%19.8%21.2%
Net margin13.4%7.7%9.1%16.8%
FCF margin18.4%27.0%22.2%22.9%
Return on assets0.2%0.1%0.1%0.2%
Return on equity6.3%3.0%3.2%5.0%
Debt / equity0.40×0.34×0.29×0.26×
Current ratio1.001.001.001.00

Computed from company filings · GB · as of 2025-12-31. Figures in GBP. Facts plus Stocktoria's own computed scores — not investment advice.