JPMorgan Emerging Markets Investment Trust plc (JMGI) Fair Value & Analysis
Financial Services · GB · Market cap 1.6B GBX
Strengths
Risks
Fair value as of: Aug 13, 2026
From 2 valuation models · updated 11 days ago
Fair value updated Aug 13, 2026, revised from £0.8900 to £1.15 (+29.2%) since Jul 12, 2026. Share price +0.4% over the past month.
A solid business, but trading 42% above our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (£1.44). The favourable scenario is already priced in.
- 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 13, 2026.
How to read this chart
60‑month range £0.8517 – £1.78 · fair‑value band £0.8600 – £1.44 · the £1.63 price screens above the £1.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
JPMorgan Emerging Markets Investment Trust plc (JMGI) currently trades at £1.63, while our model-based Fair Value estimate is £1.15, implying the stock looks roughly 29.5% overvalued today. The Quality Score stands at 70/100 (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 Emerging Markets Investment Trust plc generated revenue of £280M at a net margin of 95.3%. It earns a return on equity of 19.2%. The stock trades on a trailing P/E of 6.0. Fundamentals as of Aug 13, 2026
Our scenario range runs from £0.8600 (bear case) to £1.44 (bull case); at £1.63, the current price sits above 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 -28% fair-value upside, at -29%, JMGI screens richer 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.
All 2 models by family
Widest divergence: Multiples (£1.15) versus Asset-Based (£0.9100). Highest evidence: P/B Multiple (55).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 71
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
JPMorgan Emerging Markets Growth & Income plc is a closed 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 public equity markets across global emerging markets. The fund seeks to invest in stocks of companies operating across diversified sectors.
Full company description
JPMorgan Emerging Markets Growth & Income plc is a closed 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 public equity markets across global emerging markets. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in growth stocks of companies. The fund benchmarks the performance of its portfolio against the MSCI Emerging Markets (Net) Index. It was formerly known as JP Morgan Fleming Emerging Markets Investment Trust plc. JPMorgan Emerging Markets Growth & Income plc was formed on July 01, 1991 and is domiciled in United Kingdom.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
JPMorgan Emerging Markets Investment Trust plc reported revenue of £56.3M in FY2025 versus £425M in FY2021, a compound −39.7%/yr. Reported net income was £49.5M in FY2025, compounding −41.5%/yr from FY2021.
JMGI screens 29% overvalued. Compare with Blackstone Inc →
Peer Group
Asset Management · 717 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.
Valuation Multiples vs Asset Management median · lower = cheaper
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 0: the price sits above our fair-value range.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Blackstone Inc BX | $146.41 | $52.88 | -64% |
| Investor AB INVEB | kr 417.90 | kr 835.80 | +100% |
| Brookfield Corporation BN | C$58.60 | C$7.74 | -87% |
| KKR & Co KKR | $110.90 | $19.97 | -82% |
| Apollo Global Management, Inc APO | $138.61 | $101.04 | -27% |
| State Street Corporation STT | $191.74 | $138.33 | -28% |
| Ameriprise Financial, Inc AMP | $561.63 | $515.24 | -8% |
| Ares Management Corporation ARES | $143.10 | $30.88 | -78% |
| Northern Trust Corporation NTRS | $191.33 | $122.02 | -36% |
| Raymond James Financial, Inc RJF | $181.18 | $142.42 | -21% |
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Frequently asked questions
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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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