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Keystone Law Group (KEYS) Fair Value & Analysis

Industrials · GB · Market cap 177M GBX

KL Keystone Law Group KEYS · LSE
Price£5.36
Fair Value£5.96
Upside+11.2%
Quality97/100
Evidence: High Range £4.47 – £8.78

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from £7.24 to £5.96 (−17.7%) since Jun 23, 2026. Share price −0.6% over the past month.

Price vs Fair Value (12 months)

£6.71 £4.36 Fair Value £5.96 Jun 2025 Jun 2026

12‑month range £4.36 – £6.71 · fair‑value band £4.47 – £8.78 · the £5.36 price screens below the £5.96 fair value. As of Jun 24, 2026.

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Analysis

Keystone Law Group (KEYS) currently trades at £5.36, while our model-based Fair Value estimate is £5.96 — implying the stock looks roughly 11.2% undervalued today. We read business quality at 97/100 (high quality), in the Industrials 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, Keystone Law Group generated revenue of £116M at a net margin of 9.5%. Revenue grew 19.1% year over year. It earns a return on equity of 53.9%. The balance sheet holds a net cash position of £8.1M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 116M GBX
Revenue growth (YoY) +19.1%
Net margin 9.5%
Return on equity 53.9%
Free cash flow 12.1M GBX FY2026
P/E ratio 16.5
More key figures
Operating margin 10.1%
EPS (TTM) £0.3400
Dividend yield 4.4%
EPS growth (YoY) +29.3%
Net cash 8.1M GBX FY2026

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Keystone Law Group plc provides conventional legal services in the United Kingdom. The company offers its legal services in the areas of banking and finance, capital markets, commercial, commercial property, construction and projects, corporate, data protection, dispute resolution, employment, EU and competition law, family and matrimonial, fraud and financial crime, immigration, insurance, intellectual property, investment funds and management, licensing, pensions and incentives, planning and environment, probate and estate planning, professional discipline and regulatory, residential property, restructuring and insolvency, tax, and technology. It serves various sectors, such as agriculture and rural affairs; aviation; charities and not-for-profit; cryptocurrency and digital assets; education; energy and natural resources; financial services; food and beverage; gambling, gaming, and betting; healthcare; high-net worth family office; hotels, hospitality and leisure; life sciences; i…

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Keystone Law Group reported revenue of £115M in FY2026 versus £69.6M in FY2022, a compound +13.4%/yr. Reported net income was £11.1M in FY2026, compounding +13.6%/yr from FY2022.

Revenue +13.4%/yr
FY22 £69.6M
FY23 £75.3M
FY24 £87.9M
FY25 £97.7M
FY26 £115M
Net income +13.6%/yr
FY22 £6.6M
FY23 £6.7M
FY24 £7.6M
FY25 £8.5M
FY26 £11.1M

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Cintas Corporation CTAS $179.96 $55.24 -69%
RELX PLC R1EL34 R$44.05 R$32.14 -27%
Thomson Reuters Corporation TRI C$120.12 C$85.63 -29%
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Frequently asked questions

Is Keystone Law Group (KEYS) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £5.96 versus a price of £5.36 — about +11% (undervalued). Model-based estimate, not financial advice.
What is the fair value of KEYS?
Our 21-model fair value for Keystone Law Group is £5.96 (as of Jun 24, 2026), built from audited fundamentals. The current price is £5.36.
What is the quality score of KEYS?
Keystone Law Group has a Quality Score of 97/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Keystone Law Group (KEYS)?
Keystone Law Group reported trailing-twelve-month revenue of about £116M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of KEYS?
The net profit margin of Keystone Law Group is about 9.5%, meaning it keeps roughly 9.5% of revenue as net income. Based on the latest reported figures.
Does Keystone Law Group pay a dividend?
Keystone Law Group currently shows a dividend yield of about 4.44% relative to its recent price (as of Jun 24, 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.