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Pacific Horizon Investment Trust PLC (PHI) Fair Value & Analysis

Financial Services · GB · Market cap 960M GBX

PH Pacific Horizon Investment Trust PLC PHI · LSE
Price£11.80
Fair Value£9.21
Upside-21.9%
Quality77/100
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Evidence: High Range £6.91 – £11.51

Fair value as of: Jun 26, 2026

From 22 valuation models · updated 7 days ago

Share price −3.7% over the past month.

Price vs Fair Value (12 months)

£12.91 £6.28 Fair Value £9.21 Jul 2025 Jul 2026

12‑month range £6.28 – £12.91 · fair‑value band £6.91 – £11.51 · the £11.80 price screens above the £9.21 fair value. As of Jun 26, 2026.

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Analysis

Pacific Horizon Investment Trust PLC (PHI) currently trades at £11.80, while our model-based Fair Value estimate is £9.21 — implying the stock looks roughly 21.9% overvalued today. We read business quality at 77/100 (high 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, Pacific Horizon Investment Trust PLC generated revenue of £250M at a net margin of 97.2%. It earns a return on equity of 34.2%. Net debt stands at £32.0M. The stock trades on a trailing P/E of 4.2. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 250M GBX
Revenue growth (YoY) +1,024%
Net margin 97.2%
Return on equity 34.2%
Free cash flow 1.1M GBX FY2025
P/E ratio 4.2
More key figures
Operating margin 98.8%
EPS (TTM) £2.89
Dividend yield 0.1%
EPS growth (YoY) +1,230%
Net debt 32.0M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Pacific Horizon Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. The fund is co-managed by Baillie Gifford & Co. It invests in the public equity markets of the Asia Pacific region (excluding Japan) and of the Indian Sub-continent. The fund seeks to invest in stocks of companies across diversified sectors. It primarily invests in growth stocks of companies across all market capitalizations. The fund focuses on securities which can grow their earnings and cash flows faster than the average while creating its portfolio. It is actively managed. The fund benchmarks the performance of its portfolio against the MSCI All Country Far East ex Japan Index (in sterling terms). It was formerly known as Baillie Gifford Pacific Horizon Investment Trust. Pacific Horizon Investment Trust PLC was formed on February 1, 1989 and is domiciled in the United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pacific Horizon Investment Trust PLC reported revenue of £48.7M in FY2025 versus £208M in FY2021, a compound −30.5%/yr. Reported net income was £43.6M in FY2025, compounding −31.6%/yr from FY2021.

Revenue −30.5%/yr
FY21 £208M
FY22 −£111M
FY23 −£20.4M
FY24 £42.4M
FY25 £48.7M
Net income −31.6%/yr
FY21 £199M
FY22 −£108M
FY23 −£23.3M
FY24 £26.9M
FY25 £43.6M

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Frequently asked questions

Is Pacific Horizon Investment Trust PLC (PHI) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £9.21 versus a price of £11.80 — about −22% (overvalued). Model-based estimate, not financial advice.
What is the fair value of PHI?
Our model-based fair value for Pacific Horizon Investment Trust PLC is £9.21 (as of Jun 26, 2026), built from audited fundamentals. The current price is £11.80.
What is the quality score of PHI?
Pacific Horizon Investment Trust PLC has a Quality Score of 77/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Pacific Horizon Investment Trust PLC (PHI)?
Pacific Horizon Investment Trust PLC reported trailing-twelve-month revenue of about £250M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of PHI?
The net profit margin of Pacific Horizon Investment Trust PLC is about 97.2%, meaning it keeps roughly 97.2% of revenue as net income. Based on the latest reported figures.
Does Pacific Horizon Investment Trust PLC pay a dividend?
Pacific Horizon Investment Trust PLC currently shows a dividend yield of about 0.13% relative to its recent price (as of Jun 26, 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.