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Pearson plc (PSON) Fair Value & Analysis

Communication Services · GB · Market cap 7.5B GBX

PP Pearson plc PSON · LSE
Price£12.56
Fair Value£10.96
Upside-12.7%
Quality72/100
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Weak Growth
Thin margins · 9.4% net margin
Low debt · generates free cash flow
2.02% dividend yield
Mixed vs. peers (6/15)
Moderate moat 48/100
Evidence: High Range £7.57 – £14.35 Share as image

Fair value as of: Jul 19, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 19, 2026, revised from £11.43 to £10.96 (−4.1%) since Jun 24, 2026. Share price −3.1% over the past month.

A solid business, but screening 13% overvalued on our models.

What matters now

  • A fairly wide model range (£7.57 to £14.35) leaves room in how you read the outcome.
  • Our model range runs from £7.57 (bear) to £14.35 (bull), base £10.96. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 72/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

£13.56 £5.22 Fair Value £10.96 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range £5.22 – £13.56 · fair‑value band £7.57 – £14.35 · the £12.56 price screens above the £10.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Pearson plc (PSON) currently trades at £12.56, while our model-based Fair Value estimate is £10.96, implying the stock looks roughly 12.7% overvalued today. We read business quality at 72/100 (solid quality), in the Communication 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, Pearson plc generated revenue of £3.6B at a net margin of 9.4%. Revenue grew 3.2% year over year. It earns a return on equity of 8.7%. Net debt stands at £1.6B. Fundamentals as of Jul 19, 2026

Our scenario range runs from £7.57 (bear case) to £14.35 (bull case); at £12.56, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Communication Services peers we cover trades at 15% fair-value upside, at -13%, PSON screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF £9.71 £13.10 £19.05 80
Residual Income £5.16 £5.63 £7.11 76
Rev-Margin DCF £7.30 £10.84 £15.34 74
All 24 models by family
DCF Models
FCF DCF £9.31 £12.81 £19.50 38
Owner Earnings £12.72 £17.36 £26.24 31
5Y Revenue Exit £7.30 £10.59 £15.50 39
5Y EBITDA Exit £12.14 £18.84 £27.94 41
5Y P/E Exit £7.36 £10.68 £14.79 38
10Y Revenue Exit £7.83 £10.62 £13.68 36
10Y EBITDA Exit £10.92 £15.84 £21.31 37
10Y P/E Exit £8.06 £10.68 £13.25 35
Earnings-Based
Graham-Dodd £3.79 £5.72 £6.80 54
EPV £4.76 £5.69 £6.49 59
Dividend Discount
Gordon GGM £2.34 £2.69 £3.10 70
DDM Multi-Stage £2.34 £3.02 £3.86 61
Multiples
P/E Multiple £8.37 £11.16 £13.95 63
P/S Multiple £7.11 £9.49 £11.86 58
P/B Multiple £7.11 £9.49 £11.86 55
EV/EBIT £10.33 £14.14 £17.96 53
EV/EBITDA £16.42 £22.27 £28.11 54
EV/Revenue £6.60 £9.90 £13.21 43
Asset-Based
NCAV (Graham) £3.04 £4.07 £6.08 50
Growth DCF
Growth DCF £9.71 £13.10 £19.05 80
Rev-Margin DCF £7.30 £10.84 £15.34 74
Economic Profit
Residual Income £5.16 £5.63 £7.11 76
ROIC Compounder £4.76 £5.69 £6.62 72
Growth Earnings
Growth-Adj P/E £5.92 £8.46 £11.00 68

Widest divergence: Growth DCF (£10.84) versus Dividend Discount (£2.69). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.6B GBX
Revenue growth (YoY) +3.2%
Net margin 9.4%
Return on equity 8.7%
Free cash flow 661M GBX FY2025
P/E ratio 24.6
More key figures
Operating margin 14.0%
EPS (TTM) £0.5100
Dividend yield 2.0%
EPS growth (YoY) -35.7%
Net debt 1.6B GBX FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 71 · Market factors (momentum, volatility) 72

Profitability 43
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Pearson plc provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. It operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Enterprise Learning & Skills, and Higher Education.

Full company description

Pearson plc provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. It operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Enterprise Learning & Skills, and Higher Education. The Assessment & Qualifications segment offers pearson professional assessments, US student assessment, clinical assessment, UK GCSE, and A levels and international academic qualifications and associated courseware, including the English-speaking Canadian and Australian K-12 businesses, and PDR. The Virtual Learning segment provides virtual schools and online program management. The English Language Learning segment offers Pearson test of English, institutional courseware, and English online solutions. The Enterprise Learning & Skills segment provides vocational qualifications, GED, TalentLens, Faethm, Credly, Pearson College, and Enterprise content and training. The Higher Education segment engages in the US, Canadian, and international higher education courseware businesses. Pearson plc was founded in 1844 and is headquartered in London, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pearson plc reported revenue of £3.6B in FY2025 versus £3.4B in FY2021, a compound +1.1%/yr. Reported net income was £335M in FY2025, compounding +17.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
£3.6B
Latest YoY
+0.7%
Avg. growth/yr (3Y)
−2.3%
Avg. growth/yr (5Y)
+1.0%
Avg. growth/yr (40Y)
+3.3%
Revenue +1.1%/yr
FY21 £3.4B
FY22 £3.8B
FY23 £3.7B
FY24 £3.6B
FY25 £3.6B
Net income +17.3%/yr
FY21 £177M
FY22 £242M
FY23 £378M
FY24 £434M
FY25 £335M

PSON screens 13% overvalued. Compare with The New York Times Company →

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Cite: Fair Value Calculator (2026). "Pearson plc Fair Value". https://www.fairvalue-calculator.com/stock/PSON

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Publishing · 108 stocks

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.

Quality Score 72 · Top 25%
Fair Value upside −13% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 14% · Top 25%
Revenue growth 3% · Above median
Dividend yield (TTM) 2.0% · Below median
Debt / equity 0.28× · Higher than 75% of peers

Valuation Multiples vs Publishing median · lower = cheaper

P/E (TTM) 24.6× · Pricier than median
P/B 2.78× · Pricier than 75% of peers
P/S (TTM) 2.83× · Pricier than 75% of peers
P/FCF 15.3× · Pricier than 75% of peers
EV/EBITDA 18.4× · Pricier than 75% of peers
PEG 2.16× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 16 · sector 40
FUTURE 16 · sector 0
PAST 35 · sector 21
HEALTH 86 · sector 99
DIVIDEND 40 · sector 57

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Pearson plc (PSON) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of £10.96 versus a price of £12.56, about −13% (overvalued).
What is the fair value of PSON?
Our model-based fair value for Pearson plc is £10.96 (as of Jul 19, 2026), built from audited fundamentals. The current price is £12.56.
What is the quality score of PSON?
Pearson plc has a Quality Score of 72/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Pearson plc (PSON)?
Pearson plc reported trailing-twelve-month revenue of about £3.6B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of PSON?
The net profit margin of Pearson plc is about 9.4%, meaning it keeps roughly 9.4% of revenue as net income. Based on the latest reported figures.
Does Pearson plc pay a dividend?
Pearson plc currently shows a dividend yield of about 2.23% relative to its recent price (as of Jul 19, 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.

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