L1 Group Limited (L1G) fair value: what the stock is really worth
As of Oct 5, 2026: fair value of L1 Group Limited A$1.52, price A$1.13, upside +34.7%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
60‑month range A$0.4562 – A$2.41 · fair‑value band A$0.8755 – A$2.24 · the A$1.13 price screens below the A$1.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.
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L1 Group Limited operates as an investment manager. The company offers investment products through long short Australian equities, catalyst fund, international equities, activist equities, multi-strategy hedge fund, and U.K. residential property fund.
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L1 Group Limited operates as an investment manager. The company offers investment products through long short Australian equities, catalyst fund, international equities, activist equities, multi-strategy hedge fund, and U.K. residential property fund. It serves large superannuation funds, pension funds, asset consultants, financial planning groups, family offices, private wealth firms, high net worth individuals, and retail investors. The company is based in Melbourne, Australia.
Stock analysis
L1 Group Limited (L1G) currently trades at A$1.13, while our model-based Fair Value estimate is A$1.52, implying the stock looks roughly 25.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of A$1.13 per share, and 2 of the 13 models we run sit above the A$1.13 price.
Bear case: the Asset-Based group reads lowest at A$0.2100, and 11 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: A$0.8755 (bear) to A$2.24 (bull), the price of A$1.13 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
L1 Group Limited reported revenue of A$935M in FY2026 versus A$233M in FY2022, a compound +41.6%/yr. Reported net income was A$145M in FY2026, compounding +9.4%/yr from FY2022.
Key figures
Market cap A$2.8B (≈ $2.0B) · P/E ratio 18.8 · P/S ratio 2.93 · EPS (TTM) A$0.0600 · Dividend yield 2.7% · Net margin 15.5% · Return on equity 103% · Return on assets (EBIT) 36.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 70% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at 35%, L1G screens cheaper than that median.
Fair Value models
Bear A$0.8755Fair Value A$1.52Bull A$2.24
Price A$1.13 · Upside +34.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 3 months old). Earnings retained since then (A$0.0080 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+563.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+64.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.0%
Start year 2021 (pandemic). Over 10 years: +10.7% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−23.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.4%
Dividend (yield on the price)2.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−26.4% vs −16.3%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.75% → 82%
Start year 2021 (pandemic)
⚠ Revenue per share shrinking 5.7%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−9.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about −12.3% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Asset Management · 663 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+33.5% · Above median
Profitability
Return on equity (TTM)102.7% · Top 25%
Return on assets235.9% · Top 25%
Net margin (TTM)227.0% · Top 25%
Operating margin (TTM)69.4% · Above median
Growth and dividend
Revenue growth220.1% · Top 25%
Dividend yield (TTM)2.7% · Below median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "L1 Group Limited Fair Value". https://www.fairvalue-calculator.com/stock/L1G
Frequently asked questions
Is L1 Group Limited (L1G) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of A$1.52 versus a price of A$1.13, about +35% upside (undervalued).
What is the fair value of L1G?
Our model-based fair value for L1 Group Limited is A$1.52 (as of Oct 4, 2026), built from audited fundamentals. The current price: A$1.13.
What is the quality score of L1G?
L1 Group Limited has a Quality Score of 70/100. 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 price target for L1 Group Limited (L1G)?
Our model-based price target is the fair value of A$1.52 (as of Oct 4, 2026) from 13 valuation models. Cautious scenario A$0.8755, optimistic scenario A$2.24. It is a calculation from audited fundamentals, not an analyst target.
What is the L1 Group Limited stock forecast for 2026?
Our models put fair value at A$1.52, about +35% upside versus a price of A$1.13 (undervalued). Cautious scenario A$0.8755, optimistic scenario A$2.24. The calculation is refreshed regularly with new filings.
What is the revenue of L1 Group Limited (L1G)?
L1 Group Limited reported trailing-twelve-month revenue of about A$889M (latest available figure, as of Oct 4, 2026).
Does L1 Group Limited pay a dividend?
L1 Group Limited currently shows a dividend yield of about 2.65% relative to its recent price (as of Oct 4, 2026).
What growth is priced into L1 Group Limited (L1G)?
For today's price to be fair in a discounted-cash-flow model, L1 Group Limited would have to grow free cash flow by -9.8 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +28.0 % per year. As of Oct 4, 2026.
What discount rate (WACC) does the fair value of L1G use?
Our models discount L1 Group Limited at 9.5 %: a base by market capitalisation (mid), country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For L1 Group Limited that is -9.8 % per year a year over ten years, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has L1 Group Limited (L1G) delivered so far?
Over the past 5 years revenue at L1 Group Limited grew +28.0 % a year. The price currently implies -9.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of L1 Group Limited (L1G) growing?
The median revenue growth in the sector is +1.5 % a year. That is the yardstick for the growth priced into L1 Group Limited (-9.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of L1 Group Limited (L1G)?
The free-cash-flow yield on the price is 13.37 %: that much free cash flow L1 Group Limited produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of L1 Group Limited (L1G)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For L1 Group Limited it is A$1.52 per share (as of Oct 4, 2026), against a price of A$1.13. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is L1 Group Limited stock overvalued or undervalued in 2026?
As of Oct 4, 2026, L1G trades below its calculated fair value: price A$1.13, fair value A$1.52, a gap of about +35% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of L1G?
No. The price is what the market pays today (A$1.13); the fair value is what the company's own numbers justify (A$1.52). For L1 Group Limited the two are A$0.3920 per share apart. That gap is exactly why we show both numbers side by side.
How much is L1 Group Limited worth?
The market values L1 Group Limited at about A$2.8B (market capitalisation, as of Oct 4, 2026). Per share that is A$1.13; our models calculate a fair value of A$1.52 per share.
What do the bullish and bearish scenarios say about L1G?
Our models span a range for L1 Group Limited: cautious scenario A$0.8755, base A$1.52, optimistic A$2.24 per share (as of Oct 4, 2026, price A$1.13). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of L1G?
L1 Group Limited trades at a price-to-earnings ratio of 18.8 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$1.52 is built from several models across several years. Other multiples: PEG 1.6, P/B 3.6, P/S 12.0, EV/EBITDA 14.3.
What is the PEG ratio of L1G?
The PEG ratio of L1 Group Limited is 1.57 (P/E divided by earnings growth, as of Oct 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of L1 Group Limited (L1G)?
Balance-sheet figures for L1 Group Limited (as of Oct 4, 2026): return on equity 102.7%, debt of 0.02 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is L1G from its 52-week high?
L1 Group Limited trades at A$1.13, about 17% below its 52-week high of A$1.36 and 70% above the low of A$0.6644 (as of Oct 5, 2026). Distance from the high says nothing about value: that is what the fair value of A$1.52 is for.
Which stocks are comparable to L1 Group Limited?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is L1 Group Limited stock attractive at the current price?
The data as of Oct 4, 2026: price A$1.13, calculated fair value A$1.52 (+35%), Quality Score 70/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of L1G calculated?
We run L1 Group Limited through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$1.52, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.0 % above its aggregate fair value. L1 Group Limited currently trades 26 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of L1 Group Limited (L1G)?
The closing price on Oct 5, 2026 was A$1.13. Our model-based fair value is A$1.52, about +35% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with L1 Group Limited right now?
The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (A$0.8755 to A$2.24) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of L1 Group Limited (L1G) come from?
Earnings per share at L1 Group Limited grew −18.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share −5.6 %, EBIT margin −2.3 %, tax rate −5.8 %, residual (interest, one-offs) −6.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of L1 Group Limited
How large is the market capitalisation of L1 Group Limited (L1G)?
The market capitalisation of L1 Group Limited is A$2.8B (≈ $2.0B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of L1 Group Limited (L1G)?
The price-to-sales ratio of L1 Group Limited is 2.93 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of L1 Group Limited (L1G)?
Earnings per share at L1 Group Limited are A$0.0600 (price ÷ EPS = P/E 18.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of L1 Group Limited (L1G)?
The dividend yield of L1 Group Limited is 2.7% (payout 50.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of L1 Group Limited (L1G)?
The net margin of L1 Group Limited is 15.5% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of L1 Group Limited (L1G)?
The return on equity (ROE) of L1 Group Limited is 103% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of L1 Group Limited (L1G)?
On an EBIT basis the return on assets of L1 Group Limited is 36.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of L1 Group Limited (L1G)?
The operating margin of L1 Group Limited is 69.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at L1 Group Limited (L1G)?
Revenue at L1 Group Limited is growing +220% versus a year earlier (3y avg +64.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at L1 Group Limited (L1G)?
Earnings per share at L1 Group Limited are growing −4.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does L1 Group Limited (L1G) hold?
L1 Group Limited holds more cash than debt, A$154M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 4, 2026