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CT Private Equity Trust PLC (CTPE) Fair Value & Analysis

Financial Services · GB · Market cap 358M GBX

CP CT Private Equity Trust PLC CTPE · LSE
Price£4.94
Fair Value£5.50
Upside+11.3%
Quality57/100
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Mixed Growth
Highly profitable · 58.1% net margin
Low debt · generates free cash flow
5.76% dividend yield
Mixed vs. peers (7/14)
Narrow moat 42/100
Evidence: High Range £4.12 – £6.87 Share as image

Fair value as of: Jul 12, 2026

From 12 valuation models · updated 29 days ago

Share price +2.8% over the past month.

A solid business, screening 11% undervalued on our models.

What matters now

  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
  • Our model range runs from £4.12 (bear) to £6.87 (bull), base £5.50. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 57/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

£5.54 £2.81 Fair Value £5.50 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range £2.81 – £5.54 · fair‑value band £4.12 – £6.87 · the £4.94 price screens below the £5.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

CT Private Equity Trust PLC (CTPE) currently trades at £4.94, while our model-based Fair Value estimate is £5.50, implying the stock looks roughly 11.3% undervalued today. The Quality Score stands at 57/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, CT Private Equity Trust PLC generated revenue of £42.0M at a net margin of 55.1%. Revenue declined 15.0% year over year. It earns a return on equity of 4.6%. Net debt stands at £96.5M. Fundamentals as of Jul 12, 2026

Our scenario range runs from £4.12 (bear case) to £6.87 (bull case); at £4.94, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 11%, CTPE screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF £0.0100 80
Residual Income £5.12 £5.11 £4.53 76
Rev-Margin DCF £0.3500 £0.9300 £1.72 74
All 12 models by family
DCF Models
5Y P/E Exit £1.71 £3.89 £6.55 38
10Y P/E Exit £1.01 £2.65 £5.24 35
Earnings-Based
Graham-Dodd £2.20 £11.92 £16.52 54
Lynch FV £3.30 £4.72 £6.14 50
Dividend Discount
Gordon GGM £2.18 £3.93 £5.40 70
DDM Multi-Stage £2.18 £3.59 £4.19 61
Multiples
P/E Multiple £3.15 £4.21 £5.26 63
P/B Multiple £4.12 £5.50 £6.87 55
Asset-Based
NCAV (Graham) £3.55 £4.76 £7.10 50
Growth DCF
Growth DCF £0.0100 80
Rev-Margin DCF £0.3500 £0.9300 £1.72 74
Economic Profit
Residual Income £5.12 £5.11 £4.53 76

Widest divergence: Economic Profit (£5.11) versus Growth DCF (£0.9300). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 42.0M GBX
Revenue growth (YoY) -15.0%
Net margin 55.1%
Return on equity 4.6%
Free cash flow 508K GBX FY2025
P/E ratio 14.5
More key figures
Operating margin 93.0%
EPS (TTM) £0.3400
Dividend yield 5.8%
EPS growth (YoY) -24.0%
Net debt 96.5M GBX FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 52 · Market factors (momentum, volatility) 55

Profitability 35
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 88
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

CT Private Equity Trust PLC, formerly known as BMO Private Equity Trust Plc specializes in secondary indirect, direct, and investing in other funds. Within investing in other funds, the fund specializes in private equity funds, offshore funds, buy-out funds, venture funds, mezzanine funds, and investment trusts.

Full company description

CT Private Equity Trust PLC, formerly known as BMO Private Equity Trust Plc specializes in secondary indirect, direct, and investing in other funds. Within investing in other funds, the fund specializes in private equity funds, offshore funds, buy-out funds, venture funds, mezzanine funds, and investment trusts. Within the direct investment, it invests in mezzanine, early venture, mid venture, late venture, middle market, later stage, mature and buyout. The fund seeks that at the time of investment, no more than 15 per cent of total assets may be invested in United Kingdom listed investment companies, no more than 15 per cent of total assets may be invested in non-UK listed investment companies, no more than 33 per cent of total assets may be invested in direct private equity co-investments, and no more than 10 per cent of total assets may be invested outside the United States of America, the United Kingdom, and Continental Europe. It primarily has a global remit but a United Kingdom and European mid-market bias. The fund primarily invests in the stocks of mid-cap companies and invests in emerging markets.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CT Private Equity Trust PLC reported revenue of £42.0M in FY2025 versus £68.2M in FY2021, a compound −11.4%/yr. Reported net income was £23.1M in FY2025, compounding −23.4%/yr from FY2021.

Growth Quality 37/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£42.0M
Latest YoY
+42.2%
Avg. growth/yr (3Y) 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.
−31.5%
Avg. growth/yr (5Y) 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.
+6.8%
Avg. growth/yr (21Y) 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.
+7.2%
Revenue −11.4%/yr
FY21 £68.2M
FY22 £131M
FY23 £64.2M
FY24 £29.5M
FY25 £42.0M
Net income −23.4%/yr
FY21 £67.2M
FY22 £130M
FY23 £63.1M
FY24 £19.7M
FY25 £23.1M
Character of growth · EPS growth decomposed (2012-2023) +21.8 % p.a.
Revenue per share +17.7 pp

of which total revenue +17.6 pp · buybacks/dilution +0.2 pp

EBIT margin +0.9 pp
Tax rate −0.4 pp
Residual (interest, one-offs) +3.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "CT Private Equity Trust PLC Fair Value". https://www.fairvalue-calculator.com/stock/CTPE

Peer Group

Asset Management · 971 stocks

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.

Quality Score 56 · Below median
Fair Value upside +11% · Above median
Return on equity (TTM) 5% · Below median
Return on assets 4% · Above median
Net margin (TTM) 58% · Above median
Operating margin (TTM) -152% · Bottom 25%
Revenue growth 71% · Top 25%
Dividend yield (TTM) 5.8% · Above median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 14.7× · Pricier than median
P/B 0.95× · Cheaper than median
P/S (TTM) 11.42× · Pricier than 75% of peers
P/FCF 949.7× · Pricier than 75% of peers
EV/EBITDA 16.5× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 48 · sector 37
FUTURE 100 · sector 6
PAST 20 · sector 26
HEALTH 97 · sector 95
DIVIDEND 100 · sector 69

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

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Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is CT Private Equity Trust PLC (CTPE) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of £5.50 versus a price of £4.94, about +11% (undervalued).
What is the fair value of CTPE?
Our model-based fair value for CT Private Equity Trust PLC is £5.50 (as of Jul 12, 2026), built from audited fundamentals. The current price is £4.94.
What is the quality score of CTPE?
CT Private Equity Trust PLC has a Quality Score of 57/100. 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 revenue of CT Private Equity Trust PLC (CTPE)?
CT Private Equity Trust PLC reported trailing-twelve-month revenue of about £42.0M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of CTPE?
The net profit margin of CT Private Equity Trust PLC is about 55.1%, meaning it keeps roughly 55.1% of revenue as net income. Based on the latest reported figures.
Does CT Private Equity Trust PLC pay a dividend?
CT Private Equity Trust PLC currently shows a dividend yield of about 5.79% relative to its recent price (as of Jul 12, 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.

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