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Admiral Group (ADM) Fair Value & Analysis

Financial Services · GB · Market cap 9.9B GBX

AG Admiral Group ADM · LSE
Price£34.60
Fair Value£32.30
Upside-6.6%
Quality95/100
Evidence: High Range £24.22 – £40.37

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 3 days ago

Share price +7.3% over the past month.

Price vs Fair Value (12 months)

£34.60 £25.18 Fair Value £32.30 Jun 2025 Jun 2026

12‑month range £25.18 – £34.60 · fair‑value band £24.22 – £40.37 · the £34.60 price screens above the £32.30 fair value. As of Jun 26, 2026.

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Analysis

Admiral Group (ADM) currently trades at £34.60, while our model-based Fair Value estimate is £32.30 — implying the stock looks roughly 6.6% overvalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Admiral Group generated revenue of £5.0B at a net margin of 14.8%. Revenue declined 4.1% year over year. It earns a return on equity of 53.0%. Net debt stands at £1.6B. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 5.0B GBX
Revenue growth (YoY) -4.1%
Net margin 14.8%
Return on equity 53.0%
Free cash flow 652M GBX FY2025
P/E ratio 13.6
More key figures
Operating margin 20.8%
EPS (TTM) £2.43
Dividend yield 4.8%
EPS growth (YoY) -20.5%
Net debt 1.6B GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Admiral Group plc, a financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain. It operates through four segments: UK Insurance, European Insurance, Admiral Money, and Other. The company offers underwriting services that include motor, household, pet, travel, and other insurance, as well as car and home insurance; and distributes and underwrites unsecured personal loans, car finance products, and secured homeowner loans. It provides its insurance products and services under the Admiral, Admiral Business, Admiral Money, Admiral Pioneer, Balumba, Bell, Connect by Admiral, ConTe.it Assicurazioni, ConTe.it Prestiti, Diamond, Gladiator, L'olivier " assurance, More Than, Qualitas Auto, and Veygo brand names. The company was formerly known as Admiral Group Limited and changed its name to Admiral Group plc in September 2004. Admiral Group plc was founded in 1993 and is headquartered in Cardiff, the United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Admiral Group reported revenue of £5.6B in FY2025 versus £1.6B in FY2021, a compound +37.5%/yr. Reported net income was £743M in FY2025, compounding +5.8%/yr from FY2021.

Revenue +37.5%/yr
FY21 £1.6B
FY22 £1.5B
FY23 £3.6B
FY24 £5.3B
FY25 £5.6B
Net income +5.8%/yr
FY21 £594M
FY22 £287M
FY23 £338M
FY24 £663M
FY25 £743M

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Frequently asked questions

Is Admiral Group (ADM) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £32.30 versus a price of £34.60 — about −7% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ADM?
Our 21-model fair value for Admiral Group is £32.30 (as of Jun 26, 2026), built from audited fundamentals. The current price is £34.60.
What is the quality score of ADM?
Admiral Group has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Admiral Group (ADM)?
Admiral Group reported trailing-twelve-month revenue of about £5.0B (latest available figure, as of Jun 26, 2026).
What is the net profit margin of ADM?
The net profit margin of Admiral Group is about 14.8%, meaning it keeps roughly 14.8% of revenue as net income. Based on the latest reported figures.
Does Admiral Group pay a dividend?
Admiral Group currently shows a dividend yield of about 4.83% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.