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The Biotech Growth Trust PLC (BIOG) Fair Value & Analysis

Financial Services · GB · Market cap 313M GBX

TB The Biotech Growth Trust PLC BIOG · LSE
Price£16.00
Fair Value£20.51
Upside+28.2%
Quality85/100
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Evidence: Medium Range £15.38 – £25.64

Fair value as of: Jul 15, 2026

From 13 valuation models · updated today

Fair value updated Jul 15, 2026 — revised from £0.1600 to £20.51 (+12,718.8%) since Jun 26, 2026. Share price +21.9% over the past month.

Price vs Fair Value (12 months)

£16.50 £7.95 Fair Value £20.51 Jul 2025 Jul 2026

12‑month range £7.95 – £16.50 · fair‑value band £15.38 – £25.64 · the £16.00 price screens below the £20.51 fair value. As of Jul 15, 2026.

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Analysis

The Biotech Growth Trust PLC (BIOG) currently trades at £16.00, while our model-based Fair Value estimate is £20.51 — implying the stock looks roughly 28.2% undervalued today. We read business quality at 85/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

It earns a return on equity of -7.0%. Net debt stands at £12.3M. The stock trades on a trailing P/E of 2.9. Fundamentals as of Jul 15, 2026

Our scenario range runs from £15.38 (bear case) to £25.64 (bull case); at £16.00, the current price sits within that range. For context, the median of 10 Financial Services peers we cover trades at 90% fair-value upside — at 28%, BIOG screens richer than that median.

Key figures & financial health

Revenue (TTM) −15.2M GBX
Revenue growth (YoY) +585%
Return on equity -7.0%
Free cash flow −6.0M GBX FY2026
P/E ratio 2.9
Operating margin 97.9%
More key figures
EPS (TTM) £-0.1400
EPS growth (YoY) +1,005%
Net debt 12.3M GBX FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 15, 2026. TTM = trailing twelve months.

About the company

The Biotech Growth Trust PLC is a closed ended equity mutual fund launched by Frostrow Capital LLP. It is co-managed by OrbiMed Capital LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the biotechnology sector. The fund invests in stocks of companies across all market capitalizations. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the NASDAQ Biotechnology Index. It was previously known as Finsbury Emerging Biotechnology Trust PLC. The Biotech Growth Trust PLC was formed on May 20, 1997 and is domiciled in the United Kingdom.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

The Biotech Growth Trust PLC reported revenue of £137M in FY2026 versus −£210M in FY2022. Reported net income was £130M in FY2026.

Revenue
FY22 −£210M
FY23 −£37.7M
FY24 £80.3M
FY25 −£77.5M
FY26 £137M
Net income
FY22 −£202M
FY23 −£41.3M
FY24 £74.6M
FY25 −£82.7M
FY26 £130M

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Cite: Fair Value Calculator (2026). "The Biotech Growth Trust PLC Fair Value". https://www.fairvalue-calculator.com/stock/BIOG

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Frequently asked questions

Is The Biotech Growth Trust PLC (BIOG) undervalued?
As of Jul 15, 2026, our model estimates a fair value of £20.51 versus a price of £16.00 — about +28% (undervalued). Model-based estimate, not financial advice.
What is the fair value of BIOG?
Our model-based fair value for The Biotech Growth Trust PLC is £20.51 (as of Jul 15, 2026), built from audited fundamentals. The current price is £16.00.
What is the quality score of BIOG?
The Biotech Growth Trust PLC has a Quality Score of 85/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the net profit margin of BIOG?
The net profit margin of The Biotech Growth Trust PLC is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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.

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