Investec plc (INVR) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Investec plc £5.03, price £6.90, upside -27.1%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range £2.91 – £6.98 · fair‑value band £4.92 – £5.90 · the £6.90 price screens above the £5.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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Investec Plc, a specialist bank, provides integrated banking and wealth management products and services to high-net-worth private, corporate, private, intermediary, government, and institutional clients in the United Kingdom and internationally.
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Investec Plc, a specialist bank, provides integrated banking and wealth management products and services to high-net-worth private, corporate, private, intermediary, government, and institutional clients in the United Kingdom and internationally. The company operates four segments: Wealth & Investment; Private Banking; Corporate, Investment Banking, and Other; and Group Investments. It offers wealth and investment services, such as investments and savings, financial planning, and pensions and retirement services to private clients, trusts, charities, intermediaries, pension schemes, and professional advisors. The company also provides specialist banking products and services comprising private client banking services, including lending, private capital, transactional banking, savings, and foreign exchange; corporate and investment banking services, such as lending, treasury and risk management, and advisory solutions, as well as institutional research, sales, and trading. In addition, it offers debt issuance, property, nominee, financing, shipping, fund and investment management, trustee, leasing, custodian, corporate secretary and director, insurance, ITES outsourcing, aircraft leasing, loan credit, MiFiD, securities, trading, mining, online trading, and merchant banking and stock broking services. The company was founded in 1974 and is based in London, United Kingdom. Investec Plc operates as a subsidiary of Investec Group.
Stock analysis
Investec plc (INVR) currently trades at £6.90, while our model-based Fair Value estimate is £5.03, 27.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of £5.83 per share, and 2 of the 9 models we run sit above the £6.90 price.
Bear case: the Asset-Based group reads lowest at £4.34, and 7 of the 9 models stay below the price. Evidence for this calculation is medium.
Scenario range: £4.92 (bear) to £5.90 (bull), the price of £6.90 sits above 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 42/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Investec plc reported revenue of £4.7B in FY2026 versus £2.9B in FY2022, a compound +12.9%/yr. Reported net income was £340M in FY2026, compounding −8.1%/yr from FY2022.
Key figures
Market cap 5.9B GBX · P/E ratio 0.1 · EPS (TTM) £52.00 · Dividend yield 5.6% · Net margin 7.2% · Return on equity 9.4% · Return on assets (EBIT) 1.4% · Operating margin 27.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 1% below 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 −15% fair-value upside, at −27%, INVR screens richer than that median.
Fair Value models
Bear £4.92Fair Value £5.03Bull £5.90
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (£26.30 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.Evidence ⓘEvidence = 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.
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.49/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+7.6%
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.
+11.5%
Start year 2021 (pandemic). Over 10 years: +9.3% 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.
+10.0%
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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. Basis: EBIT basis.
+28.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.9%
Dividend (yield on the price)5.6%
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.−3.8% vs 0.6%, slowing
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.13% → 20%
Price, fair value, quality and upside side by side.
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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.Capital Markets · 462 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score43 · Below median
Fair Value upside+103.8% · Top 25%
Profitability
Return on equity (TTM)9.4% · Above median
Return on assets1.1% · Below median
Net margin (TTM)33.6% · Above median
Operating margin (TTM)27.0% · Above median
Growth and dividend
Revenue growth3.7% · Below median
Dividend yield (TTM)5.6% · Top 25%
Balance sheet
Debt / equity0.73× · Highest 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "Investec plc Fair Value". https://www.fairvalue-calculator.com/stock/INVR
Frequently asked questions
Is Investec plc (INVR) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of £5.03 versus a price of £6.90, about −27% upside (overvalued).
What is the fair value of INVR?
Our model-based fair value for Investec plc is £5.03 (as of Oct 3, 2026), built from audited fundamentals. The current price: £6.90.
What is the quality score of INVR?
Investec plc has a Quality Score of 42/100. 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 (INVR)?
Our model-based price target is the fair value of £5.03 (as of Oct 3, 2026) from 9 valuation models. Cautious scenario £4.92, optimistic scenario £5.90. 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 £5.03, about −27% upside versus a price of £6.90 (overvalued). Cautious scenario £4.92, optimistic scenario £5.90. The calculation is refreshed regularly with new filings.
Does Investec plc pay a dividend?
Investec plc currently shows a dividend yield of about 5.58% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of Investec plc (INVR)?
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 £5.03 per share (as of Oct 3, 2026), against a price of £6.90. 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 Oct 3, 2026, INVR trades above its calculated fair value: price £6.90, fair value £5.03, a gap of about −27% (overvalued). 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 INVR?
No. The price is what the market pays today (£6.90); the fair value is what the company's own numbers justify (£5.03). For Investec plc the two are £1.87 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 5.9B GBX (market capitalisation, as of Oct 3, 2026). Per share that is £6.90; our models calculate a fair value of £5.03 per share.
What do the bullish and bearish scenarios say about INVR?
Our models span a range for Investec plc: cautious scenario £4.92, base £5.03, optimistic £5.90 per share (as of Oct 3, 2026, price £6.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of INVR?
Investec plc trades at a price-to-earnings ratio of 0.1 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £5.03 is built from several models across several years.
How solid is the balance sheet of Investec plc (INVR)?
Balance-sheet figures for Investec plc (as of Oct 3, 2026): return on equity 9.4%, debt of 0.73 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is INVR from its 52-week high?
Investec plc trades at £6.90, about 1% below its 52-week high of £6.98 and 14% above the low of £6.05 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of £5.03 is for.
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, Interactive Brokers Group, 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 Oct 3, 2026: price £6.90, calculated fair value £5.03 (−27%), Quality Score 42/100, 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 INVR 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 £5.03, 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 14.5 % above its aggregate fair value. Investec plc itself currently trades above fair value. 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 Investec plc (INVR)?
The closing price on Oct 2, 2026 was £6.90. Our model-based fair value is £5.03, about −27% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Investec plc right now?
The price sits above even our optimistic bull case (£5.90). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 Investec plc (INVR) come from?
Earnings per share at Investec plc grew +5.9 % a year from 2015 to 2026. Broken into its drivers: revenue per share +7.7 %, EBIT margin −10.9 %, tax rate +0.9 %, residual (interest, one-offs) +9.3 %. 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 Investec plc
How large is the market capitalisation of Investec plc (INVR)?
The market capitalisation of Investec plc is 5.9B GBX. 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 are the earnings per share of Investec plc (INVR)?
Earnings per share at Investec plc are £52.00 (price ÷ EPS = P/E 0.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Investec plc (INVR)?
The dividend yield of Investec plc is 5.6% (payout 0.7%). 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 Investec plc (INVR)?
The net margin of Investec plc is 7.2% (fiscal year 2026). 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 Investec plc (INVR)?
The return on equity (ROE) of Investec plc is 9.4% (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 Investec plc (INVR)?
On an EBIT basis the return on assets of Investec plc is 1.4% (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 Investec plc (INVR)?
The operating margin of Investec plc is 27.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Investec plc (INVR)?
Revenue at Investec plc is growing +3.7% versus a year earlier (3y avg +7.6%). 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 Investec plc (INVR)?
Earnings per share at Investec plc are growing −3.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Investec plc (INVR) generate?
The free cash flow of Investec plc is −371M GBX (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 Investec plc (INVR) hold?
Investec plc holds more cash than debt, 2.2B GBX net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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