NAHL Group PLC (NAH) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of NAHL Group PLC £1.16, price £0.39, upside +200.0%, quality 73 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range £0.2820 – £0.7900 · fair‑value band £0.8685 – £1.45 · the £0.3860 price screens below the £1.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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NAHL Group Plc operates in the consumer legal services and catastrophic injury markets in the United Kingdom. It operates through Consumer Legal Services and Critical Care segments.
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NAHL Group Plc operates in the consumer legal services and catastrophic injury markets in the United Kingdom. It operates through Consumer Legal Services and Critical Care segments. The Consumer Legal Services segment offers outsourced marketing services to law firms through the National Accident Helpline brand; claims processing to individuals through National Accident Law and its joint venture partnerships, Law Together and Your Law names; and property searches through Searches UK. Its Critical Care segment provides a range of specialist services, such as expert witness reports and case management support services to the catastrophic and serious injury market to both claimants and defendants through Bush & Co brand. The company also offers agency services for solicitors. NAHL Group Plc was founded in 1993 and is headquartered in Kettering, the United Kingdom.
Stock analysis
NAHL Group PLC (NAH) currently trades at £0.3860, while our model-based Fair Value estimate is £1.16, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of £1.73 per share, and 21 of the 22 models we run sit above the £0.3860 price.
Bear case: the Asset-Based group reads lowest at £0.3100, and 1 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: £0.8685 (bear) to £1.45 (bull), the price of £0.3860 sits below 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 73/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
NAHL Group PLC reported revenue of £40.0M in FY2025 versus £38.9M in FY2021, a compound +0.7%/yr. Reported net income was £3.3M in FY2025, compounding +113.8%/yr from FY2021.
Key figures
Market cap 18.5M GBX · P/E ratio 5.5 · P/S ratio 0.45 · EPS (TTM) £0.0700 · Net margin 8.1% · Return on equity 24.9% · Return on assets (EBIT) 7.5% · Operating margin 19.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 32% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 23% fair-value upside, at 200%, NAH screens cheaper than that median.
Fair Value models
Bear £0.8685Fair Value £1.16Bull £1.45
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 2025 figures (about 9 months old). Earnings retained since then (£0.0525 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+3.2%
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.
−1.1%
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.
−0.4%
Start year 2020 (pandemic). Over 10 years: −2.3% a year
Revenue growth 14 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.
−0.8%
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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.
≈ +82.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+82.3%
Dividend (yield on the price)0.0%
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.82.3% vs −12.2%, picking up
Profit margin 2020 to 2025 ⓘ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.11% → 18%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 3.3%/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.
⚠ Approximate: the rate leans on 2025, which sits 722% above its own trend.
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).
−18.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about −19.8% 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.Advertising Agencies · 191 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (TTM)24.9% · Top 25%
Return on assets9.7% · Top 25%
Net margin (TTM)8.1% · Top 25%
Operating margin (TTM)19.8% · Top 25%
Growth and dividend
Revenue growth7.3% · Above median
Balance sheet
Debt / equity0.40× · Highest 25%
Valuation Multiplesvs Advertising Agencies 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). "NAHL Group PLC Fair Value". https://www.fairvalue-calculator.com/stock/NAH
Frequently asked questions
Is NAHL Group PLC (NAH) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of £1.16 versus a price of £0.3860, about +200% upside (undervalued).
What is the fair value of NAH?
Our model-based fair value for NAHL Group PLC is £1.16 (as of Sep 24, 2026), built from audited fundamentals. The current price: £0.3860.
What is the quality score of NAH?
NAHL Group PLC has a Quality Score of 73/100. 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 NAHL Group PLC (NAH)?
Our model-based price target is the fair value of £1.16 (as of Sep 24, 2026) from 22 valuation models. Cautious scenario £0.8685, optimistic scenario £1.45. It is a calculation from audited fundamentals, not an analyst target.
What is the NAHL Group PLC stock forecast for 2026?
Our models put fair value at £1.16, about +200% upside versus a price of £0.3860 (undervalued). Cautious scenario £0.8685, optimistic scenario £1.45. The calculation is refreshed regularly with new filings.
What is the revenue of NAHL Group PLC (NAH)?
NAHL Group PLC reported trailing-twelve-month revenue of about £40.0M (latest available figure, as of Sep 24, 2026).
What growth is priced into NAHL Group PLC (NAH)?
For today's price to be fair in a discounted-cash-flow model, NAHL Group PLC would have to grow free cash flow by -18.0 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of NAH use?
Our models discount NAHL Group PLC at 9.0 %: a base by market capitalisation (nano), damped by beta 0.36, country premium for United Kingdom. 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 NAHL Group PLC that is -18.0 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has NAHL Group PLC (NAH) delivered so far?
Over the past 5 years revenue at NAHL Group PLC grew -0.4 % a year. The price currently implies -18.0 % 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 NAHL Group PLC (NAH) growing?
The median revenue growth in the sector is +2.4 % a year. That is the yardstick for the growth priced into NAHL Group PLC (-18.0 % 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 NAHL Group PLC (NAH)?
The free-cash-flow yield on the price is 35.34 %: that much free cash flow NAHL Group PLC produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of NAHL Group PLC (NAH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NAHL Group PLC it is £1.16 per share (as of Sep 24, 2026), against a price of £0.3860. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is NAHL Group PLC stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NAH trades below its calculated fair value: price £0.3860, fair value £1.16, a gap of about +200% (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 NAH?
No. The price is what the market pays today (£0.3860); the fair value is what the company's own numbers justify (£1.16). For NAHL Group PLC the two are £0.7720 per share apart. That gap is exactly why we show both numbers side by side.
How much is NAHL Group PLC worth?
The market values NAHL Group PLC at about 18.5M GBX (market capitalisation, as of Sep 24, 2026). Per share that is £0.3860; our models calculate a fair value of £1.16 per share.
What do the bullish and bearish scenarios say about NAH?
Our models span a range for NAHL Group PLC: cautious scenario £0.8685, base £1.16, optimistic £1.45 per share (as of Sep 24, 2026, price £0.3860). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NAH?
NAHL Group PLC trades at a price-to-earnings ratio of 5.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £1.16 is built from several models across several years. Other multiples: P/B 0.8, P/S 0.5, EV/EBITDA 3.5.
How solid is the balance sheet of NAHL Group PLC (NAH)?
Balance-sheet figures for NAHL Group PLC (as of Sep 24, 2026): return on equity 24.9%, debt of 0.40 per unit of equity. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is NAH from its 52-week high?
NAHL Group PLC trades at £0.3860, about 13% below its 52-week high of £0.4460 and 32% above the low of £0.2920 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of £1.16 is for.
Which stocks are comparable to NAHL Group PLC?
From the same area (Communication Services) we also value AppLovin Corporation, Publicis Groupe S.A, Omnicom Group, Focus Media Information Technology Co, 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 NAHL Group PLC stock attractive at the current price?
The data as of Sep 24, 2026: price £0.3860, calculated fair value £1.16 (+200%), Quality Score 73/100, from 22 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 NAH calculated?
We run NAHL Group PLC through 22 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 £1.16, 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 14.7 % above its aggregate fair value. NAHL Group PLC currently trades 67 % 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 NAHL Group PLC (NAH)?
The closing price on Sep 30, 2026 was £0.3860. Our model-based fair value is £1.16, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NAHL Group PLC right now?
The rarer combination: high quality (73/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (£0.8685). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of NAHL Group PLC (NAH) come from?
Earnings per share at NAHL Group PLC grew −18.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share −2.6 %, EBIT margin −8.1 %, tax rate −0.7 %, residual (interest, one-offs) −8.3 %. 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 NAHL Group PLC
How large is the market capitalisation of NAHL Group PLC (NAH)?
The market capitalisation of NAHL Group PLC is 18.5M GBX. 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 NAHL Group PLC (NAH)?
The price-to-sales ratio of NAHL Group PLC is 0.45 (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 NAHL Group PLC (NAH)?
Earnings per share at NAHL Group PLC are £0.0700 (price ÷ EPS = P/E 5.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of NAHL Group PLC (NAH)?
The net margin of NAHL Group PLC is 8.1% (fiscal year 2025). 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 NAHL Group PLC (NAH)?
The return on equity (ROE) of NAHL Group PLC is 24.9% (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 NAHL Group PLC (NAH)?
On an EBIT basis the return on assets of NAHL Group PLC is 7.5% (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 NAHL Group PLC (NAH)?
The operating margin of NAHL Group PLC is 19.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NAHL Group PLC (NAH)?
Revenue at NAHL Group PLC is growing +7.3% versus a year earlier (3y avg −1.1%). 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 NAHL Group PLC (NAH)?
Earnings per share at NAHL Group PLC are growing +314% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does NAHL Group PLC (NAH) carry?
The net debt of NAHL Group PLC is 4.4M GBX (fiscal year 2025, ≈ 0.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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