Investec PLC (INVP) fair value: what the stock is really worth
We calculate from audited financials what Investec PLC is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Below-average quality, trading 51% below our fair value of £13.27.
As of Aug 18, 2026, the fair value of Investec PLC is £13.27 per share against a price of £6.52, so the fair value sits 104% above the price. A model estimate from reported figures, not an analyst target.
!Expensive Growth (revenue 5y +11.5 %/yr)
✓Highly profitable · 34.1% net margin
!Moderate debt · negative free cash flow
·5.76% dividend yield
!Mixed vs. peers (7/13)
✓Wide moat 68/100
Evidence: HighRange £9.95 to £16.59
Fair value as of: Aug 18, 2026
From 9 valuation models · updated 24 days ago
Fair value updated Aug 18, 2026, revised from £13.41 to £13.27 (−1.0%) since Aug 13, 2026. Share price −2.8% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price is below even our cautious bear case (£9.95). The market is more pessimistic than our downside scenario.
Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.
How to read this chart
60‑month range £1.84 – £6.82 · fair‑value band £9.95 – £16.59 · the £6.52 price screens below the £13.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 18, 2026.
Investec PLC (INVP) currently trades at £6.52, while our model-based Fair Value estimate is £13.27, implying the stock looks roughly 50.9% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Financial Services sector. Bull case: the DCF Models group reads highest at a median of £12.76 per share, and 8 of the 9 models we run sit above the £6.52 price. Bear case: the Asset-Based group reads lowest at £5.81, and 1 of the 9 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Investec PLC generated revenue of £2.1B at a net margin of 35.1%. Revenue grew 7.8% year over year. It earns a return on equity of 12.4%. Net debt stands at £3.9B. Fundamentals as of Aug 18, 2026
Scenario range: £9.95 (bear) to £16.59 (bull), the price of £6.52 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. For context, the median of 10 Financial Services peers we cover trades at −37% fair-value upside, at 104%, INVP screens cheaper than that median.
Fair Value models
Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (£0.1685 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/E ratio8.6as of Jun 3, 2026
P/S ratio1.32P/E × margin
EPS (TTM)£0.7500price ÷ EPS = P/E 8.6
Dividend yield5.8%payout 50.0%
Net margin15.4%FY2026
Return on equity12.4%TTM
More key figures
Profitability
Return on assets (EBIT)2.5%avg 5y
Operating margin40.7%TTM
Growth
Revenue (TTM)£2.1BTTM
Revenue growth (YoY)+7.8%3y avg +28.1%
EPS growth (YoY)+9.2%
Balance sheet & cash flow
Free cash flow−371M GBXFY2026
Net debt3.9B GBXFY2026
Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality46/100
Of which business quality 38
· Market factors (momentum, volatility) 67
Profitability30
Margins and returns on capital today
Quality Growth44
Are margins and returns improving?
Cashflow0
Earnings quality: real cash, not paper profit
Fin. Strength21
Balance sheet, leverage, solvency risk
Investment76
Disciplined investing over empire-building
Low Volatility90
Calm price path (market factor)
Momentum52
Price trend over the last 3–12 months (market factor)
52W Momentum66
Distance to the 52-week high (market factor)
Net Issuance97
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Investec Group provides various financial products and services in South Africa, the United Kingdom, and internationally.
Full company description
Investec Group provides various financial products and services in South Africa, the United Kingdom, and internationally. The company provides private banking services; wealth services, including wealth and portfolio management, stockbroking, and offshore and retirement investment, and intergenerational wealth solutions; savings accounts; personal and property financing, and finance for practice; and insurance solutions comprising severe illness, disability, life, mortgage and income protection, and business overloads. It also offers business banking solutions, such as trade and debtor, asset and leverage, structured property, technology asset, supply chain, and medical practice financing services, as well as financing for corporate and private equity firms; transaction banking, private capital, and forex and risk management solutions; foreign exchange services; instant access and call, notice, and fixed-term deposit accounts; and money market services and equity structured products. In addition, the company provides advisory; treasury and risk management for foreign exchange, commodities, interest rates, liquidity management, and equity structuring; fixed-income instruments; execution and custody solutions for institutions, hedge funds, corporates, and intermediaries; securities lending; and clearing services. Investec Group was founded in 1974 and is based in Sandton, South Africa.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Investec PLC reported revenue of £4.7B in FY2026 versus £2.9B in FY2022, a compound +12.8%/yr. Reported net income was £726M in FY2026, compounding +8.9%/yr from FY2022.
Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
£4.7B
Latest YoY
+136.9%
Avg. revenue 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.
+28.1%
Avg. revenue 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.
+11.5%
Avg. revenue growth/yr (26Y) ⓘ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.
+5.5%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+14.6%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+8.8%
Dividend yield5.8%
Trend ⓘ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.5Y 8.8% vs 10Y 7.5%, steady
Operating margin (EBIT) ⓘ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.25.1% (2017) → 23.9% (2022) · falling
Worst earnings drop71% (2021) · in GBP
Revenue+12.8%/yr
FY22£2.9B
FY23£2.3B
FY24£1.9B
FY25£2.0B
FY26£4.7B
Net income+8.9%/yr
FY22£516M
FY23£805M
FY24£941M
FY25£693M
FY26£726M
Character of growth · EPS growth decomposed (2015-2026)+9.9 % p.a.
Revenue per share+4.6 %
of which total revenue +4.0 % · buybacks/dilution +0.5 %
EBIT margin+9.0 %
Tax rate+0.8 %
Residual (interest, one-offs)−4.3 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
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.
This stockSector peers
VALUE100· sector 12
FUTURE47· sector 91
PAST49· sector 30
HEALTH74· sector 94
DIVIDEND100· sector 38
Insider activity: 45/100
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
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As of Aug 18, 2026, our model estimates a fair value of £13.27 versus a price of £6.52, about +104% upside (undervalued).
What is the fair value of INVP?
Our model-based fair value for Investec PLC is £13.27 (as of Aug 18, 2026), built from audited fundamentals. The current price: £6.52.
What is the quality score of INVP?
Investec PLC has a Quality Score of 46/100. 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 Investec PLC (INVP)?
Our model-based price target is the fair value of £13.27 (as of Aug 18, 2026) from 9 valuation models. Cautious scenario £9.95, optimistic scenario £16.59. It is a calculation from audited fundamentals, not an analyst target.
What is the Investec PLC stock forecast for 2026?
Our models put fair value at £13.27, about +104% upside versus a price of £6.52 (undervalued). Cautious scenario £9.95, optimistic scenario £16.59. The calculation is refreshed regularly with new filings.
What is the revenue of Investec PLC (INVP)?
Investec PLC reported trailing-twelve-month revenue of about £2.1B (latest available figure, as of Aug 18, 2026).
What is the net profit margin of INVP?
The net profit margin of Investec PLC is about 35.1%, meaning it keeps roughly 35.1% of revenue as net income. Based on the latest reported figures.
Does Investec PLC pay a dividend?
Investec PLC currently shows a dividend yield of about 5.76% relative to its recent price (as of Aug 18, 2026).
What is the intrinsic value of Investec PLC (INVP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Investec PLC it is £13.27 per share (as of Aug 18, 2026), against a price of £6.52. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Investec PLC stock overvalued or undervalued in 2026?
As of Aug 18, 2026, INVP trades below its calculated fair value: price £6.52, fair value £13.27, a gap of about +104% (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 INVP?
No. The price is what the market pays today (£6.52); the fair value is what the company's own numbers justify (£13.27). For Investec PLC the two are £6.76 per share apart. That gap is exactly why we show both numbers side by side.
How much is Investec PLC worth?
The market values Investec PLC at about 5.7B GBX (market capitalisation, as of Aug 18, 2026). Per share that is £6.52; our models calculate a fair value of £13.27 per share.
What do the bullish and bearish scenarios say about INVP?
Our models span a range for Investec PLC: cautious scenario £9.95, base £13.27, optimistic £16.59 per share (as of Aug 18, 2026, price £6.52). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of INVP?
Investec PLC trades at a price-to-earnings ratio of 8.6 (as of Aug 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £13.27 is built from several models across several years. Other multiples: P/B 1.0, P/S 2.5, EV/EBITDA 4.7.
How solid is the balance sheet of Investec PLC (INVP)?
Balance-sheet figures for Investec PLC (as of Aug 18, 2026): return on equity 12.4%, debt of 0.51 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
Which stocks are comparable to Investec PLC?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Robinhood Markets, 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 Investec PLC stock attractive at the current price?
The data as of Aug 18, 2026: price £6.52, calculated fair value £13.27 (+104%), Quality Score 46/100, 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 INVP calculated?
We run Investec 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 £13.27, 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 32.6 % above its aggregate fair value. Investec PLC currently trades 104 % 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 <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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