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JPMorgan European Growth & Income plc (JEGI) Fair Value & Analysis

Financial Services · GB · Market cap 611M GBX

JE JPMorgan European Growth & Income plc JEGI · LSE
Price£1.44
Fair Value£1.89
Upside+31.1%
Quality80/100
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Weak Growth
Highly profitable · 92.5% net margin
generates free cash flow
3.44% dividend yield
Ranks above peers (9/13)
Wide moat 77/100
Evidence: High Range £1.42 – £2.37 Share as image

Fair value as of: Jul 17, 2026

From 11 valuation models · updated 23 days ago

Fair value updated Jul 17, 2026, revised from £0.6000 to £1.89 (+215.0%) since Jun 26, 2026. Share price +2.3% over the past month.

A strong business, screening 31% undervalued on our models.

What matters now

  • The rarer combination: high quality (80/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

£1.45 £0.5672 Fair Value £1.89 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range £0.5672 – £1.45 · fair‑value band £1.42 – £2.37 · the £1.44 price screens below the £1.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

JPMorgan European Growth & Income plc (JEGI) currently trades at £1.44, while our model-based Fair Value estimate is £1.89, implying the stock looks roughly 31.1% undervalued today. The Quality Score stands at 80/100 (high 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, JPMorgan European Growth & Income plc generated revenue of £97.8M at a net margin of 93.0%. Revenue declined 71.4% year over year. It earns a return on equity of 17.3%. Net debt stands at £32.4M. Fundamentals as of Jul 17, 2026

Our scenario range runs from £1.42 (bear case) to £2.37 (bull case); at £1.44, 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 31%, JEGI 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 BearBaseBull Evidence
Highest evidence
Residual Income £1.34 £1.75 £4.49 76
Growth DCF £0.3000 £0.3800 £0.4900 72
Gordon GGM £0.4800 £0.5200 £0.5700 70
All 11 models by family
DCF Models
5Y P/E Exit £1.23 £2.03 £2.98 38
10Y P/E Exit £0.8100 £1.28 £1.74 35
Earnings-Based
Graham-Dodd £1.58 £1.93 £2.17 54
Dividend Discount
Gordon GGM £0.4800 £0.5200 £0.5700 70
DDM Multi-Stage £0.4800 £0.5700 £0.6900 61
Multiples
P/E Multiple £2.26 £3.01 £3.77 63
P/B Multiple £1.42 £1.89 £2.37 55
Asset-Based
NCAV (Graham) £0.6800 £0.9100 £1.35 50
Growth DCF
Growth DCF £0.3000 £0.3800 £0.4900 72
Rev-Margin DCF £0.3200 £0.4600 £0.6300 67
Economic Profit
Residual Income £1.34 £1.75 £4.49 76

Widest divergence: Earnings-Based (£1.93) versus Growth DCF (£0.3800). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 97.8M GBX
Revenue growth (YoY) -71.4%
Net margin 93.0%
Return on equity 17.3%
Free cash flow 13.8M GBX FY2026
P/E ratio 6.3
More key figures
Operating margin 97.8%
EPS (TTM) £0.2100
Dividend yield 3.4%
EPS growth (YoY) -72.7%
Net debt 32.4M GBX FY2026

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 80/100

Of which business quality 73 · Market factors (momentum, volatility) 71

Profitability 57
Margins and returns on capital today
Quality Growth 99
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 92
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

JPMorgan European Growth & Income plc - Ordinary Shares is an open-ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets in Europe. The fund primarily invests its portfolio in the financial sector.

Full company description

JPMorgan European Growth & Income plc - Ordinary Shares is an open-ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets in Europe. The fund primarily invests its portfolio in the financial sector. It primarily invests in growth and value stocks of companies. The fund benchmarks the performance of its portfolios against the FTSE World Europe ex UK Net Index. JPMorgan European Growth & Income plc - Ordinary Shares was formed in 1929 and is domiciled in the United Kingdom.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

JPMorgan European Growth & Income plc reported revenue of £102M in FY2026 versus £36.3M in FY2022, a compound +29.4%/yr. Reported net income was £97.9M in FY2026, compounding +30.2%/yr from FY2022.

Growth Quality 36/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
£102M
Avg. growth/yr (3Y)
+33.9%
Avg. growth/yr (5Y)
−3.6%
Avg. growth/yr (22Y)
−0.7%
Revenue +29.4%/yr
FY22 £36.3M
FY23 £42.4M
FY24 £79.5M
FY25 £20.0M
FY26 £102M
Net income +30.2%/yr
FY22 £34.1M
FY23 £40.6M
FY24 £74.0M
FY25 £15.0M
FY26 £97.9M

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Cite: Fair Value Calculator (2026). "JPMorgan European Growth & Income plc Fair Value". https://www.fairvalue-calculator.com/stock/JEGI

Peer Group

Asset Management · 973 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 79 · Top 25%
Fair Value upside +31% · Above median
Return on equity (TTM) 18% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 93% · Top 25%
Operating margin (TTM) 94% · Top 25%
Revenue growth 35% · Above median
Dividend yield (TTM) 3.4% · Below median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 6.3× · Cheaper than median
P/B 1.44× · Pricier than 75% of peers
P/S (TTM) 7.79× · Pricier than median
P/FCF 59.8× · Pricier than 75% of peers
EV/EBITDA 8.1× · Cheaper 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 75 · sector 37
FUTURE 100 · sector 6
PAST 73 · sector 26
HEALTH 0 · sector 95
DIVIDEND 69 · 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 17, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
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 JPMorgan European Growth & Income plc (JEGI) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of £1.89 versus a price of £1.44, about +31% (undervalued).
What is the fair value of JEGI?
Our model-based fair value for JPMorgan European Growth & Income plc is £1.89 (as of Jul 17, 2026), built from audited fundamentals. The current price is £1.44.
What is the quality score of JEGI?
JPMorgan European Growth & Income plc has a Quality Score of 80/100. 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 JPMorgan European Growth & Income plc (JEGI)?
JPMorgan European Growth & Income plc reported trailing-twelve-month revenue of about £97.8M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of JEGI?
The net profit margin of JPMorgan European Growth & Income plc is about 93.0%, meaning it keeps roughly 93.0% of revenue as net income. Based on the latest reported figures.
Does JPMorgan European Growth & Income plc pay a dividend?
JPMorgan European Growth & Income plc currently shows a dividend yield of about 3.36% relative to its recent price (as of Jul 17, 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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