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JPMorgan American Investment Trust plc (JAM) Fair Value & Analysis

Financial Services · GB · Market cap 2.0B GBX

JA JPMorgan American Investment Trust plc JAM · LSE
Price£12.06
Fair Value£8.32
Upside-31.0%
Quality64/100
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Evidence: High Range £6.24 – £10.40

Fair value as of: Jun 26, 2026

From 22 valuation models · updated 7 days ago

Share price −0.2% over the past month.

Price vs Fair Value (12 months)

£12.24 £10.11 Fair Value £8.32 Jul 2025 Jul 2026

12‑month range £10.11 – £12.24 · fair‑value band £6.24 – £10.40 · the £12.06 price screens above the £8.32 fair value. As of Jun 26, 2026.

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Analysis

JPMorgan American Investment Trust plc (JAM) currently trades at £12.06, while our model-based Fair Value estimate is £8.32 — implying the stock looks roughly 31.0% overvalued today. We read business quality at 64/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, JPMorgan American Investment Trust plc generated revenue of £90.8M at a net margin of 89.8%. Revenue grew 2.5% year over year. It earns a return on equity of 4.1%. Net debt stands at £102M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 90.8M GBX
Revenue growth (YoY) +2.5%
Net margin 89.8%
Return on equity 4.1%
Free cash flow 13.3M GBX FY2025
P/E ratio 26.5
More key figures
Operating margin 98.2%
EPS (TTM) £0.4600
Dividend yield 0.9%
EPS growth (YoY) +5.1%
Net debt 102M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

JPMorgan American Investment Trust plc is a close-ended equity mutual fund launched and managed by JPMorgan Funds Limited. It is co-managed by JPMorgan Asset Management (UK) Limited. The fund invests in public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of large cap companies. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the S&P 500 Net Index. It was formerly known as JP Morgan Fleming American Investment Trust. JPMorgan American Investment Trust plc was formed on December 25, 1881 and is domiciled in the United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

JPMorgan American Investment Trust plc reported revenue of £90.8M in FY2025 versus £332M in FY2021, a compound −27.7%/yr. Reported net income was £81.5M in FY2025, compounding −29.4%/yr from FY2021.

Revenue −27.7%/yr
FY21 £332M
FY22 −£140M
FY23 £324M
FY24 £168M
FY25 £90.8M
Net income −29.4%/yr
FY21 £329M
FY22 −£144M
FY23 £318M
FY24 £472M
FY25 £81.5M

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Frequently asked questions

Is JPMorgan American Investment Trust plc (JAM) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £8.32 versus a price of £12.06 — about −31% (overvalued). Model-based estimate, not financial advice.
What is the fair value of JAM?
Our model-based fair value for JPMorgan American Investment Trust plc is £8.32 (as of Jun 26, 2026), built from audited fundamentals. The current price is £12.06.
What is the quality score of JAM?
JPMorgan American Investment Trust plc has a Quality Score of 64/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of JPMorgan American Investment Trust plc (JAM)?
JPMorgan American Investment Trust plc reported trailing-twelve-month revenue of about £90.8M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of JAM?
The net profit margin of JPMorgan American Investment Trust plc is about 89.8%, meaning it keeps roughly 89.8% of revenue as net income. Based on the latest reported figures.
Does JPMorgan American Investment Trust plc pay a dividend?
JPMorgan American Investment Trust plc currently shows a dividend yield of about 0.94% relative to its recent price (as of Jun 26, 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.

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