Polar Capital Technology Trust plc (PCT) Fair Value & Analysis
Financial Services · GB · Market cap 8.1B GBX
Fair value as of: Jun 26, 2026
From 19 valuation models · updated 7 days ago
Share price −6.1% over the past month.
Price vs Fair Value (12 months)
12‑month range £3.77 – £7.59 · fair‑value band £1.35 – £2.26 · the £7.08 price screens above the £1.81 fair value. As of Jun 26, 2026.
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Polar Capital Technology Trust plc (PCT) currently trades at £7.08, while our model-based Fair Value estimate is £1.81 — implying the stock looks roughly 74.4% overvalued today. We read business quality at 69/100 (solid 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, Polar Capital Technology Trust plc generated revenue of £2.2B at a net margin of 98.7%. It earns a return on equity of 41.6%. The balance sheet holds a net cash position of £109M. The stock trades on a trailing P/E of 3.8. 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
Polar Capital Technology Trust plc is a closed ended equity mutual fund launched and managed by Polar Capital LLP. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the technology sector and other sectors which use technology like information, media, communications, environment, computing, healthcare, and renewable energy. The fund invests in stocks of companies across all market capitalizations. It employs fundamental analysis, with a focus on such factors as management quality, globalization of major technology trends, and international valuation anomalies to create its portfolio. The fund benchmarks the performance of its portfolio against the Dow Jones World Technology Index (Total Return). It was formerly known as Henderson Technology Trust Plc. Polar Capital Technology Trust plc was formed on December 16, 1996 and is domiciled in the United Kingdom.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Polar Capital Technology Trust plc reported revenue of £124M in FY2025 versus £1.1B in FY2021, a compound −41.6%/yr. Reported net income was £118M in FY2025, compounding −42.2%/yr from FY2021.
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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.