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B P Marsh and Partners PLC (BPM) fair value: what the stock is really worth

As of Oct 30, 2026: fair value (intrinsic value) of B P Marsh and Partners PLC stock £14.10, price £7.05, upside +100.0%, quality 49 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Financial Services GB · ISIN GB00B0XLRJ79

BP B P Marsh and Partners PLC logo Broad data Nov 1, 2026

B P Marsh and Partners PLC

BPM · LSE
Cheap, value-trap risk

The stock costs 50% less than our calculation considers fair.

Fair value £14.10 · Strongly undervalued (50%)
Highly profitable · 70.6% net margin (TTM)
Low debt
Ranks above peers (9/13)
Broad data
Even on cautious assumptions the value is 50% above the price (£10.58).
Quality 49/100
1.0% dividend yield · Token dividend
Wide moat 75/100 · thin data
Insider activity 40/100
Weak Growth (revenue 3y −2.5 %/yr in GBP)
Negative free cash flow

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

£7.05 £2.43 Fair Value £14.10 Aug 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.

How to read this chart

60‑month range £2.43 – £7.05 · fair‑value band £10.58 – £17.63 · the £7.05 price screens below the £14.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.

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Company profile

B.P. Marsh & Partners PLC invests in early-stage and SME financial services intermediary businesses in the United Kingdom and internationally. The company provides consultancy and financial services, as well as engages in the making and trading investments business.

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It also invests in insurance intermediaries, financial advisors, wealth and fund managers, and specialist advisory and consultancy firms. The company was founded in 1990 and is headquartered in London, the United Kingdom.

Stock analysis

B P Marsh and Partners PLC (BPM) currently trades at £7.05, while our model-based Fair Value estimate is £14.10, implying the stock looks roughly 50.0% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of £40.14 per share, and 6 of the 9 models we run sit above the £7.05 price.

Bear case: the Asset-Based group reads lowest at £2.35, and 3 of the 9 models stay below the price. Data coverage for this calculation is high.

Scenario range: £10.58 (bear) to £17.63 (bull), the price of £7.05 sits below 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 49/100 (below-average quality), in the Financial Services sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

B P Marsh and Partners PLC reported revenue of £30.0M in FY2026 versus £23.0M in FY2022, a compound +6.9%/yr. Reported net income was £48.2M in FY2026, compounding +28.9%/yr from FY2022.

Key figures

Market cap £270M Small · P/E ratio 6.6 · P/S ratio 4.73 · EPS (TTM) £1.07 · Dividend yield 1.0% · Net margin 70.6% · Return on equity 11.2% · Return on assets (EBIT) 17.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 75 out of 100 (low confidence).

What moves the price

The share trades at its 52-week high and 14% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −18% fair-value upside, at 100%, BPM screens cheaper than that median.

Fair Value models

Bear £10.58 Fair Value £14.10 Bull £17.63
Price £7.05 · Upside +100.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 9 months old). Earnings retained since then (£0.7534 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.
Best data coverage
Residual Income £9.36 £11.27 £16.32 73
Owner Earnings £19.54 £40.14 £79.76 69
Gordon GGM £1.85 £3.48 £4.97 65
All 9 models by family
DCF Models
Owner Earnings £19.54 £40.14 £79.76 69
Earnings-Based
Graham-Dodd £9.27 £64.63 £90.69 61
Lynch FV £25.48 £36.40 £47.32 59
Dividend Discount
Gordon GGM £1.85 £3.48 £4.97 65
DDM Multi-Stage £1.85 £3.10 £3.70 65
Multiples
P/E Multiple £13.29 £17.72 £22.15 63
P/B Multiple £8.94 £11.93 £14.91 55
Asset-Based
NCAV (Graham) £1.55 £2.35 £2.94 54
Economic Profit
Residual Income £9.36 £11.27 £16.32 73

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Quality Score breakdown

Overall quality 49/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 49
How much profit the company makes from its sales and capital
Quality Growth 29
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 86
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 100
How calm the share price moves, does not count
Price momentum 46
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 73
Distance to the 52-week high, does not count
New shares 85
Buys back shares or issues new ones?

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Revenue & earnings trend

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. 40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−74.6%
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.
−2.5%
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.
+11.7%
Start year 2021 (pandemic). Over 10 years: +8.7% a year
Revenue growth 23 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.
+20.3%
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.
+28.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.0%
Dividend (yield on the price)1.0%
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.27.0% vs 15.5%, picking up
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.79% → 159%
Pace: the 5-year rate starts in 2021 (pandemic)

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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.Asset Management · 588 stocks

Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 49 · Below median
Fair Value upside +100.0% · Top 25%
Profitability
Return on equity (12 months) 11.2% · Above median
Return on assets 12.8% · Top 25%
Net margin (12 months) 70.6% · Above median
Operating margin (12 months) 73.3% · Above median
Growth and dividend
Revenue growth (quarter YoY) −15.6% · Bottom 25%
Dividend yield (12 months) 1.0% · Bottom 25%
Balance sheet
Debt / equity 0.00× · Below median

Valuation Multiplesvs Asset Management median · lower = cheaper

P/E (12 months) 6.6× · Cheaper than median
P/B 0.75× · Cheaper than median
P/S (12 months) 4.73× · Pricier than median
EV/EBITDA 5.7× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 61
FUTURE (revenue growth)0 · sector 43
PAST (return on equity)45 · sector 30
HEALTH (low debt)100 · sector 96
DIVIDEND (yield)20 · sector 81

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Exor N.V EXO €71.20 €139.37 +96% vs BPM
Raymond James Financial, Inc RJF $157.22 $281.42 +79% vs BPM
Apollo Global Management, Inc APO $115.84 $196.06 +69% vs BPM
Ameriprise Financial, Inc AMP $490.83 $589.99 +20% vs BPM
State Street Corporation STT $169.77 $139.37 −18% vs BPM
Ares Management Corporation ARES $128.15 $97.50 −24% vs BPM
Northern Trust Corporation NTRS $169.16 $123.42 −27% vs BPM
Blackstone Inc BX $118.51 $52.29 −56% vs BPM
Brookfield Corporation BN $39.28 $13.42 −66% vs BPM
KKR & Co KKR $94.39 $29.26 −69% vs BPM

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Cite: Fair Value Calculator (2026). "B P Marsh and Partners PLC Fair Value". https://www.fairvalue-calculator.com/stock/BPM.LSE

Frequently asked questions

Is B P Marsh and Partners PLC (BPM) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of £14.10 versus a price of £7.05, about +100% upside (undervalued).
What is the fair value of BPM?
Our model-based fair value for B P Marsh and Partners PLC is £14.10 (as of Nov 1, 2026), built from audited fundamentals. The current price: £7.05.
What is the quality score of BPM?
B P Marsh and Partners PLC has a Quality Score of 49/100. 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 B P Marsh and Partners PLC (BPM)?
Our model-based price target is the fair value of £14.10 (as of Nov 1, 2026) from 9 valuation models. Cautious scenario £10.58, optimistic scenario £17.63. It is a calculation from audited fundamentals, not an analyst target.
What is the B P Marsh and Partners PLC stock forecast for 2026?
Our models put fair value at £14.10, about +100% upside versus a price of £7.05 (undervalued). Cautious scenario £10.58, optimistic scenario £17.63. The calculation is refreshed regularly with new filings.
What is the revenue of B P Marsh and Partners PLC (BPM)?
B P Marsh and Partners PLC reported trailing-twelve-month revenue of about £57.1M (latest available figure, as of Nov 1, 2026).
Does B P Marsh and Partners PLC pay a dividend?
B P Marsh and Partners PLC currently shows a dividend yield of 0.99% relative to its recent price (as of Nov 1, 2026).
What is the intrinsic value of B P Marsh and Partners PLC (BPM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For B P Marsh and Partners PLC it is £14.10 per share (as of Nov 1, 2026), against a price of £7.05. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is B P Marsh and Partners PLC stock overvalued or undervalued in 2026?
As of Nov 1, 2026, BPM trades below its calculated fair value: price £7.05, fair value £14.10, a gap of about +100% (undervalued). 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 BPM?
No. The price is what the market pays today (£7.05); the fair value is what the company's own numbers justify (£14.10). For B P Marsh and Partners PLC the two are £7.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is B P Marsh and Partners PLC worth?
The market values B P Marsh and Partners PLC at about £270M (market capitalisation, as of Nov 1, 2026). Per share that is £7.05; our models calculate a fair value of £14.10 per share.
What do the bullish and bearish scenarios say about BPM?
Our models span a range for B P Marsh and Partners PLC: cautious scenario £10.58, base £14.10, optimistic £17.63 per share (as of Nov 1, 2026, price £7.05). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BPM?
B P Marsh and Partners PLC trades at a price-to-earnings ratio of 6.6 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £14.10 is built from several models across several years. Other multiples: P/B 0.8, P/S 4.7, EV/EBITDA 5.7.
How solid is the balance sheet of B P Marsh and Partners PLC (BPM)?
Balance-sheet figures for B P Marsh and Partners PLC (as of Nov 1, 2026): return on equity 11.2%, debt of 0.00 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is BPM from its 52-week high?
B P Marsh and Partners PLC trades at £7.05, at its 52-week high of £7.05 and 14% above the low of £6.18 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of £14.10 is for.
Which stocks are comparable to B P Marsh and Partners PLC?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, 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 B P Marsh and Partners PLC stock attractive at the current price?
The data as of Nov 1, 2026: price £7.05, calculated fair value £14.10 (+100%), Quality Score 49/100, from 9 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 BPM calculated?
We run B P Marsh and Partners PLC through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £14.10, 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 14.9 % above its aggregate fair value. B P Marsh and Partners PLC currently trades 50 % below its own fair value, and the market average says nothing about that. 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 B P Marsh and Partners PLC (BPM)?
The closing price on Oct 30, 2026 was £7.05. Our model-based fair value is £14.10, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with B P Marsh and Partners PLC right now?
The large discount to fair value meets weak quality (49/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (£10.58). The market is more pessimistic than our downside scenario. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of B P Marsh and Partners PLC (BPM) come from?
Earnings per share at B P Marsh and Partners PLC grew +22.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +17.4 %, EBIT margin +2.4 %, tax rate +1.9 %, residual (interest, one-offs) +0.1 %. 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 B P Marsh and Partners PLC

How large is the market capitalisation of B P Marsh and Partners PLC (BPM)?
The market capitalisation of B P Marsh and Partners PLC is £270M. 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 B P Marsh and Partners PLC (BPM)?
The price-to-sales ratio of B P Marsh and Partners PLC is 4.73 (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 B P Marsh and Partners PLC (BPM)?
Earnings per share at B P Marsh and Partners PLC are £1.07 (price ÷ EPS = P/E 6.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of B P Marsh and Partners PLC (BPM)?
The dividend yield of B P Marsh and Partners PLC is 1.0% (payout 6.5%). 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 B P Marsh and Partners PLC (BPM)?
The net margin of B P Marsh and Partners PLC is 70.6% (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 B P Marsh and Partners PLC (BPM)?
The return on equity (ROE) of B P Marsh and Partners PLC is 11.2% (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 B P Marsh and Partners PLC (BPM)?
On an EBIT basis the return on assets of B P Marsh and Partners PLC is 17.4% (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 B P Marsh and Partners PLC (BPM)?
The operating margin of B P Marsh and Partners PLC is 73.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at B P Marsh and Partners PLC (BPM)?
Revenue at B P Marsh and Partners PLC is growing −15.6% versus a year earlier (3y avg −2.5%). 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 B P Marsh and Partners PLC (BPM)?
Earnings per share at B P Marsh and Partners PLC are growing −23.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does B P Marsh and Partners PLC (BPM) generate?
The free cash flow of B P Marsh and Partners PLC is −£2.9M (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 B P Marsh and Partners PLC (BPM) hold?
B P Marsh and Partners PLC holds more cash than debt, £49.3M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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