James Latham PLC (LTHM) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of James Latham PLC stock £9.01, price £10.45, that is 13.8% below the price, quality 60 out of 100. Rating: overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range £8.47 – £13.54 · fair‑value band £8.77 – £9.81 · the £10.45 price screens above the £9.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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James Latham plc, together with its subsidiaries, distributes timbers, panels, and decorative panels in the United Kingdom, the Republic of Ireland, rest of Europe, and internationally.
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The company offers melamine, veneer, laminates, washroom collection, solid surface products, door blanks, plastics, hardwoods, softwoods, engineered timber products, decking and timber cladding products, solid wood worktops, modified timbers and panels, fire retardant and advanced technical panels, and treatments, as well as architectural moldings and components.
It serves construction/housing, retail, transport, exhibition, and other sectors. The company was founded in 1757 and is based in Hemel Hempstead, the United Kingdom.
Stock analysis
James Latham PLC (LTHM) currently trades at £10.45, while our model-based Fair Value estimate is £9.01, 14% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of £19.75 per share, and 8 of the 16 models we run sit above the £10.45 price.
Bear case: the Dividend Discount group reads lowest at £4.00, and 8 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: £8.77 (bear) to £9.81 (bull), the price of £10.45 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
James Latham PLC reported revenue of £393M in FY2026 versus £385M in FY2022, a compound +0.5%/yr. Reported net income was £18.6M in FY2026, compounding −20.1%/yr from FY2022.
Key figures
Market cap £210M Micro · P/E ratio 11.3 · P/S ratio 0.54 · EPS (TTM) £0.9223 · Dividend yield 3.5% · Net margin 4.7% · Return on equity 8.2% · Return on assets (EBIT) 13.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −19% fair-value upside, at −14%, LTHM screens cheaper than that median.
Fair Value models
Bear£8.77Fair Value £9.01Bull£9.81
Price £10.45 · Downside -13.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (£0.3379 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.5%
Start year 2021 (pandemic). Over 10 years: +7.8% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+7.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.2%
Dividend (yield on the price)3.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.4.2% vs 5.6%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 6%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Lumber & Wood Production · 73 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside−14.2% · Below median
Profitability
Return on equity (12 months)8.2% · Top 25%
Return on assets6.4% · Top 25%
Net margin (12 months)4.7% · Above median
Operating margin (12 months)6.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)9.0% · Above median
Dividend yield (12 months)3.5% · Above median
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Lumber & Wood Production median · lower = cheaper
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Is James Latham PLC (LTHM) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of £9.01 versus a price of £10.45, about 14% lower (overvalued).
What is the fair value of LTHM?
Our model-based fair value for James Latham PLC is £9.01 (as of Nov 6, 2026), built from audited fundamentals. The current price: £10.45.
What is the quality score of LTHM?
James Latham PLC has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for James Latham PLC (LTHM)?
Our model-based price target is the fair value of £9.01 (as of Nov 6, 2026) from 16 valuation models. Cautious scenario £8.77, optimistic scenario £9.81. It is a calculation from audited fundamentals, not an analyst target.
What is the James Latham PLC stock forecast for 2026?
Our models put fair value at £9.01, about 14% lower versus a price of £10.45 (overvalued). Cautious scenario £8.77, optimistic scenario £9.81. The calculation is refreshed regularly with new filings.
What is the revenue of James Latham PLC (LTHM)?
James Latham PLC reported trailing-twelve-month revenue of about £393M (latest available figure, as of Nov 6, 2026).
Does James Latham PLC pay a dividend?
James Latham PLC currently shows a dividend yield of 3.51% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of James Latham PLC (LTHM) and when is the ex-dividend date?
James Latham PLC pays a dividend of £0.367 per share a year, a dividend yield of 3.5%. The last ex-dividend date was Jul 30, 2026. A dividend has been paid every year since at least 1992. The payout ratio is 39.9% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of James Latham PLC (LTHM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For James Latham PLC it is £9.01 per share (as of Nov 6, 2026), against a price of £10.45. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is James Latham PLC stock overvalued or undervalued in 2026?
As of Nov 6, 2026, LTHM trades above its calculated fair value: price £10.45, fair value £9.01, a gap of about −14% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of LTHM?
No. The price is what the market pays today (£10.45); the fair value is what the company's own numbers justify (£9.01). For James Latham PLC the two are £1.44 per share apart. That gap is exactly why we show both numbers side by side.
How much is James Latham PLC worth?
The market values James Latham PLC at about £210M (market capitalisation, as of Nov 6, 2026). Per share that is £10.45; our models calculate a fair value of £9.01 per share.
What do the bullish and bearish scenarios say about LTHM?
Our models span a range for James Latham PLC: cautious scenario £8.77, base £9.01, optimistic £9.81 per share (as of Nov 6, 2026, price £10.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LTHM?
James Latham PLC trades at a price-to-earnings ratio of 11.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £9.01 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings, FY2026 ex one-offs: 10.5. Other multiples: P/B 0.9, P/S 0.5, EV/EBITDA 5.9.
How solid is the balance sheet of James Latham PLC (LTHM)?
Balance-sheet figures for James Latham PLC (as of Nov 6, 2026): return on equity 8.2%, debt of 0.00 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is LTHM from its 52-week high?
James Latham PLC trades at £10.45, about 6% below its 52-week high of £11.10 and 18% above the low of £8.86 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of £9.01 is for.
Which stocks are comparable to James Latham PLC?
From the same area (Basic Materials) we also value Simpson Manufacturing Co, UFP Industries, Inc, Boise Cascade Company, Stella-Jones Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is James Latham PLC stock attractive at the current price?
The data as of Nov 6, 2026: price £10.45, calculated fair value £9.01 (−14%), Quality Score 60/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of LTHM calculated?
We run James Latham PLC through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of £9.01 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. James Latham PLC itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of James Latham PLC (LTHM)?
The closing price on Nov 9, 2026 was £10.45. Our model-based fair value is £9.01, about 14% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with James Latham PLC right now?
The price sits above even our optimistic bull case (£9.81). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (£8.77 to £9.81), unusually little disagreement for a valuation.
Where does the earnings growth of James Latham PLC (LTHM) come from?
Earnings per share at James Latham PLC grew +7.9 % a year from 2015 to 2026. Broken into its drivers: revenue per share +7.8 %, EBIT margin −0.9 %, tax rate −0.7 %, residual (interest, one-offs) +1.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of James Latham PLC
How large is the market capitalisation of James Latham PLC (LTHM)?
The market capitalisation of James Latham PLC is £210M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of James Latham PLC (LTHM)?
The price-to-sales ratio of James Latham PLC is 0.54 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of James Latham PLC (LTHM)?
Earnings per share at James Latham PLC are £0.9223 (price ÷ EPS = P/E 11.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of James Latham PLC (LTHM)?
The dividend yield of James Latham PLC is 3.5% (payout 39.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of James Latham PLC (LTHM)?
The net margin of James Latham PLC is 4.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of James Latham PLC (LTHM)?
The return on equity (ROE) of James Latham PLC is 8.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of James Latham PLC (LTHM)?
On an EBIT basis the return on assets of James Latham PLC is 13.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of James Latham PLC (LTHM)?
The operating margin of James Latham PLC is 6.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at James Latham PLC (LTHM)?
Revenue at James Latham PLC is growing +9.0% versus a year earlier (3y avg −1.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at James Latham PLC (LTHM)?
Earnings per share at James Latham PLC are growing +12.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does James Latham PLC (LTHM) generate?
The free cash flow of James Latham PLC is −£4.6M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does James Latham PLC (LTHM) hold?
James Latham PLC holds more cash than debt, £43.4M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 6, 2026