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JPMorgan Emerging Markets Growth & Income plc (JMGI) Fair Value & Analysis

Financial Services · GB · Market cap 1.6B GBX

JE JPMorgan Emerging Markets Growth & Income plc JMGI · LSE
Price£1.73
Fair Value£0.8900
Upside-48.7%
Quality75/100
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Evidence: High Range £0.6700 – £1.11

Fair value as of: Jun 26, 2026

From 19 valuation models · updated 7 days ago

Share price +0.3% over the past month.

Price vs Fair Value (12 months)

£1.80 £1.13 Fair Value £0.8900 Jul 2025 Jul 2026

12‑month range £1.13 – £1.80 · fair‑value band £0.6700 – £1.11 · the £1.73 price screens above the £0.8900 fair value. As of Jun 26, 2026.

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Analysis

JPMorgan Emerging Markets Growth & Income plc (JMGI) currently trades at £1.73, while our model-based Fair Value estimate is £0.8900 — implying the stock looks roughly 48.7% overvalued today. We read business quality at 75/100 (high 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 Growth & Income 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 6.5. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 280M GBX
Revenue growth (YoY) +489%
Net margin 95.3%
Return on equity 19.2%
Free cash flow 15.9M GBX FY2025
P/E ratio 6.5
More key figures
Operating margin 97.9%
EPS (TTM) £0.2700
Dividend yield 0.9%
EPS growth (YoY) +739%

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

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. 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.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

JPMorgan Emerging Markets Growth & Income 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.

Revenue −39.7%/yr
FY21 £425M
FY22 −£283M
FY23 £7.6M
FY24 £95.9M
FY25 £56.3M
Net income −41.5%/yr
FY21 £422M
FY22 −£292M
FY23 −£1.9M
FY24 £85.0M
FY25 £49.5M

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Frequently asked questions

Is JPMorgan Emerging Markets Growth & Income plc (JMGI) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £0.8900 versus a price of £1.73 — about −49% (overvalued). Model-based estimate, not financial advice.
What is the fair value of JMGI?
Our model-based fair value for JPMorgan Emerging Markets Growth & Income plc is £0.8900 (as of Jun 26, 2026), built from audited fundamentals. The current price is £1.73.
What is the quality score of JMGI?
JPMorgan Emerging Markets Growth & Income plc has a Quality Score of 75/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of JPMorgan Emerging Markets Growth & Income plc (JMGI)?
JPMorgan Emerging Markets Growth & Income plc reported trailing-twelve-month revenue of about £280M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of JMGI?
The net profit margin of JPMorgan Emerging Markets Growth & Income plc is about 95.3%, meaning it keeps roughly 95.3% of revenue as net income. Based on the latest reported figures.
Does JPMorgan Emerging Markets Growth & Income plc pay a dividend?
JPMorgan Emerging Markets Growth & Income plc currently shows a dividend yield of about 0.87% 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.