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Plus500 Ltd (PLUS) Fair Value & Analysis

Financial Services · GB · Market cap 3.2B GBX

PL Plus500 Ltd PLUS · LSE
Price£47.64
Fair Value£11.43
Upside-76.0%
Quality95/100
Evidence: High Range £8.57 – £14.29

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 3 days ago

Share price +6.8% over the past month.

Price vs Fair Value (12 months)

£49.17 £29.01 Fair Value £11.43 Jun 2025 Jun 2026

12‑month range £29.01 – £49.17 · fair‑value band £8.57 – £14.29 · the £47.64 price screens above the £11.43 fair value. As of Jun 26, 2026.

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Analysis

Plus500 Ltd (PLUS) currently trades at £47.64, while our model-based Fair Value estimate is £11.43 — implying the stock looks roughly 76.0% overvalued today. We read business quality at 95/100 (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, Plus500 Ltd generated revenue of £782M at a net margin of 36.0%. Revenue grew 1.6% year over year. It earns a return on equity of 46.4%. The balance sheet holds a net cash position of £760M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 782M GBX
Revenue growth (YoY) +1.6%
Net margin 36.0%
Return on equity 46.4%
Free cash flow 286M GBX FY2025
P/E ratio 16.1
More key figures
Operating margin 41.7%
EPS (TTM) £2.82
Dividend yield 2.0%
EPS growth (YoY) +12.0%
Net cash 760M GBX FY2025

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

About the company

Plus500 Ltd., a fintech company, operates technology-based trading platforms in Europe, the United Kingdom, Australia, and internationally. It develops and operates an online trading platform, such as over the counter (OTC) products comprising the contracts for difference (CFDs) sector enabling its international customer base of individual customers to trade CFDs on underlying financial instruments comprising shares, indices, commodities, options, ETFs, foreign exchange pairs, and cryptocurrencies. The company also operates Plus500 Invest, a share dealing platform. The company was formerly known as Investsoft Ltd. and changed its name to Plus500 Ltd. in June 2012. Plus500 Ltd. was incorporated in 2008 and is based in Haifa, Israel.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Plus500 Ltd reported revenue of £809M in FY2025 versus £710M in FY2021, a compound +3.3%/yr. Reported net income was £287M in FY2025, compounding −1.9%/yr from FY2021.

Revenue +3.3%/yr
FY21 £710M
FY22 £815M
FY23 £719M
FY24 £712M
FY25 £809M
Net income −1.9%/yr
FY21 £311M
FY22 £370M
FY23 £271M
FY24 £273M
FY25 £287M

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Frequently asked questions

Is Plus500 Ltd (PLUS) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £11.43 versus a price of £47.64 — about −76% (overvalued). Model-based estimate, not financial advice.
What is the fair value of PLUS?
Our 21-model fair value for Plus500 Ltd is £11.43 (as of Jun 26, 2026), built from audited fundamentals. The current price is £47.64.
What is the quality score of PLUS?
Plus500 Ltd has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Plus500 Ltd (PLUS)?
Plus500 Ltd reported trailing-twelve-month revenue of about £782M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of PLUS?
The net profit margin of Plus500 Ltd is about 36.0%, meaning it keeps roughly 36.0% of revenue as net income. Based on the latest reported figures.
Does Plus500 Ltd pay a dividend?
Plus500 Ltd currently shows a dividend yield of about 2.04% 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.