Tern Plc (TERN) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Tern Plc £0.01, price £0.01, upside -14.6%, quality 31 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range £0.0035 – £0.2400 · the £0.0093 price screens above the £0.0079 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Tern Plc is a venture capital firm specializing in early-stage and growth capital investment. The firm typically invests in the software companies having IoT security, Artificial Intelligence (AI), Machine Learning (ML), Virtual/Augmented Reality (VR/AR) and Data Science, enablement and analytics solutions for the healthcare and industrial sectors.
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Tern Plc is a venture capital firm specializing in early-stage and growth capital investment. The firm typically invests in the software companies having IoT security, Artificial Intelligence (AI), Machine Learning (ML), Virtual/Augmented Reality (VR/AR) and Data Science, enablement and analytics solutions for the healthcare and industrial sectors. The firm primarily invest in companies based in United Kingdom. Tern Plc was founded on 18 May 2004 and it is based in London, the United Kingdom. Tern Plc formerly known as Silvermere Energy plc.
Stock analysis
Tern Plc (TERN) currently trades at £0.0093, while our model-based Fair Value estimate is £0.0079, implying the stock looks roughly 17.1% overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.
Quality & growth
The Quality Score stands at 31/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Tern Plc reported revenue of £54.0K in FY2025 versus £6.1M in FY2021, a compound −69.3%/yr. Reported net income was −£5.1M in FY2025.
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 164% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at −15%, TERN screens richer than that median.
Fair Value models
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.0/100
Revenue growth is weak, negative or inconsistent.
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−52.1%
Start year 2020 (pandemic). Over 10 years: −10.4% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.5%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
27.8% (2020) → −9,451.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Asset Management · 656 stocks
Beats the industry median on 1/5 measures
Overall it trails its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside−15% · Below median
Profitability
Return on assets−6% · Bottom 25%
Growth and dividend
Revenue growth237% · Top 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Tern Plc Fair Value". https://www.fairvalue-calculator.com/stock/TERN
Frequently asked questions
Is Tern Plc (TERN) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of £0.0079 versus a price of £0.0093, about −15% upside (overvalued).
What is the fair value of TERN?
Our model-based fair value for Tern Plc is £0.0079 (as of Sep 23, 2026), built from audited fundamentals. The current price: £0.0093.
What is the quality score of TERN?
Tern Plc has a Quality Score of 31/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Tern Plc (TERN)?
Our model-based price target is the fair value of £0.0079 (as of Sep 23, 2026) from 2 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Tern Plc stock forecast for 2026?
Our models put fair value at £0.0079, about −15% upside versus a price of £0.0093 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Tern Plc (TERN)?
Tern Plc reported trailing-twelve-month revenue of about £54.0K (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Tern Plc (TERN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tern Plc it is £0.0079 per share (as of Sep 23, 2026), against a price of £0.0093. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Tern Plc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, TERN trades above its calculated fair value: price £0.0093, fair value £0.0079, a gap of about −15% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TERN?
No. The price is what the market pays today (£0.0093); the fair value is what the company's own numbers justify (£0.0079). For Tern Plc the two are £0.0014 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tern Plc worth?
The market values Tern Plc at about 11.9M GBX (market capitalisation, as of Sep 23, 2026). Per share that is £0.0093; our models calculate a fair value of £0.0079 per share.
How solid is the balance sheet of Tern Plc (TERN)?
Balance-sheet figures for Tern Plc (as of Sep 23, 2026): return on equity −57.9%. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is TERN from its 52-week high?
Tern Plc trades at £0.0093, about 39% below its 52-week high of £0.0153 and 164% above the low of £0.0035 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of £0.0079 is for.
Which stocks are comparable to Tern Plc?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Tern Plc stock attractive at the current price?
The data as of Sep 23, 2026: price £0.0093, calculated fair value £0.0079 (−15%), Quality Score 31/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TERN calculated?
We run Tern Plc through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £0.0079, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Tern Plc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Tern Plc (TERN)?
The closing price on Sep 24, 2026 was £0.0093. Our model-based fair value is £0.0079, about −15% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tern Plc right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Tern Plc
How large is the market capitalisation of Tern Plc (TERN)?
The market capitalisation of Tern Plc is 11.9M GBX. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Tern Plc (TERN)?
Earnings per share at Tern Plc are £−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Tern Plc (TERN)?
The return on equity (ROE) of Tern Plc is −57.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Tern Plc (TERN)?
On an EBIT basis the return on assets of Tern Plc is −45.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Tern Plc (TERN)?
The operating margin of Tern Plc is −1,219% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tern Plc (TERN)?
Revenue at Tern Plc is growing +237% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tern Plc (TERN)?
Earnings per share at Tern Plc are growing +653% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tern Plc (TERN) generate?
The free cash flow of Tern Plc is −1.1M GBX (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Tern Plc (TERN) carry?
The net debt of Tern Plc is 133K GBX (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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