The North American Income Trust plc (NAIT) Fair Value & Analysis
Financial Services · GB · Market cap 461M GBX
Fair value as of: Jun 26, 2026
From 22 valuation models · updated 7 days ago
Share price +5.8% over the past month.
Price vs Fair Value (12 months)
12‑month range £3.22 – £4.36 · fair‑value band £4.28 – £7.14 · the £4.31 price screens below the £5.71 fair value. As of Jun 26, 2026.
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The North American Income Trust plc (NAIT) currently trades at £4.31, while our model-based Fair Value estimate is £5.71 — implying the stock looks roughly 32.5% undervalued today. We read business quality at 73/100 (solid quality), in the Financial Services 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, The North American Income Trust plc generated revenue of £38.3M at a net margin of 90.8%. Revenue declined 13.1% year over year. It earns a return on equity of 7.5%. Net debt stands at £23.5M. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
The North American Income Trust plc is an exchange traded fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap companies, within the market capitalization range of S&P 500 Index. It employs active management style to manage its portfolio. The fund benchmarks the performance of its portfolio against the S&P 500 Index. The fund was formerly known as Edinburgh US Tracker Trust plc. The North American Income Trust plc was formed on November 2, 1902 and is domiciled in the United Kingdom.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
The North American Income Trust plc reported revenue of £98.6M in FY2025 versus −£20.8M in FY2021. Reported net income was £90.7M in FY2025.
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.