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Tribal Group (TRB) Fair Value & Analysis

Technology · GB · Market cap 133M GBX

TG Tribal Group TRB · LSE
Price£0.6100
Fair Value£0.8300
Upside+36.1%
Quality75/100
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Healthy Growth
Thin margins · 9.7% net margin
Low debt · generates free cash flow
1.15% dividend yield
Ranks above peers (9/14)
Moderate moat 57/100
Evidence: High Range £0.6200 – £1.04 Share as image

Fair value as of: Jul 17, 2026

From 24 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from £0.8400 to £0.8300 (−1.2%) since Jun 24, 2026. Share price +2.3% over the past month.

A strong business, screening 36% undervalued on our models.

What matters now

  • The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • Our model range runs from £0.6200 (bear) to £1.04 (bull), base £0.8300. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 75/100 (high quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

£0.9556 £0.3086 Fair Value £0.8300 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range £0.3086 – £0.9556 · fair‑value band £0.6200 – £1.04 · the £0.6100 price screens below the £0.8300 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Tribal Group (TRB) currently trades at £0.6100, while our model-based Fair Value estimate is £0.8300, implying the stock looks roughly 36.1% undervalued today. The Quality Score stands at 75/100 (high quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Tribal Group generated revenue of £92.5M at a net margin of 9.7%. Revenue grew 4.8% year over year. It earns a return on equity of 16.0%. The balance sheet holds a net cash position of £10.5M. Fundamentals as of Jul 17, 2026

Our scenario range runs from £0.6200 (bear case) to £1.04 (bull case); at £0.6100, the current price sits below 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 Technology peers we cover trades at -27% fair-value upside, at 36%, TRB screens cheaper 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 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
Highest evidence
Growth DCF £0.7300 £0.8800 £1.12 80
Residual Income £0.2500 £0.2900 £0.5700 76
Rev-Margin DCF £0.6500 £0.8900 £1.19 74
All 24 models by family
DCF Models
FCF DCF £0.7200 £0.8700 £1.14 38
Owner Earnings £0.4500 £0.5500 £0.7200 31
5Y Revenue Exit £0.6500 £0.8700 £1.20 39
5Y EBITDA Exit £0.7300 £1.00 £1.37 41
5Y P/E Exit £0.6500 £0.8700 £1.14 38
10Y Revenue Exit £0.6700 £0.8300 £1.01 36
10Y EBITDA Exit £0.7200 £0.9000 £1.10 37
10Y P/E Exit £0.6800 £0.8300 £0.9700 35
Earnings-Based
Graham-Dodd £0.2800 £0.4100 £0.4800 54
EPV £0.3900 £0.4400 £0.4700 59
Dividend Discount
Gordon GGM £0.0500 £0.0500 £0.0500 70
DDM Multi-Stage £0.0500 £0.0500 £0.0600 61
Multiples
P/E Multiple £0.6200 £0.8300 £1.04 63
P/S Multiple £0.5300 £0.7100 £0.8800 58
P/B Multiple £0.5300 £0.7100 £0.8800 55
EV/EBIT £0.9200 £1.21 £1.50 53
EV/EBITDA £0.8500 £1.11 £1.38 54
EV/Revenue £0.6400 £0.8900 £1.14 43
Asset-Based
NCAV (Graham) £0.1400 £0.1900 £0.2800 50
Growth DCF
Growth DCF £0.7300 £0.8800 £1.12 80
Rev-Margin DCF £0.6500 £0.8900 £1.19 74
Economic Profit
Residual Income £0.2500 £0.2900 £0.5700 76
ROIC Compounder £0.4000 £0.4500 £0.4900 72
Growth Earnings
Growth-Adj P/E £0.4400 £0.6300 £0.8200 68

Widest divergence: Growth DCF (£0.8800) versus Dividend Discount (£0.0500). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 92.5M GBX
Revenue growth (YoY) +4.8%
Net margin 9.7%
Return on equity 16.0%
Free cash flow 19.3M GBX FY2025
P/E ratio 16.6
More key figures
Operating margin 15.7%
EPS (TTM) £0.0400
Dividend yield 1.1%
EPS growth (YoY) +21.1%
Net cash 10.5M GBX FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 75/100

Of which business quality 76 · Market factors (momentum, volatility) 60

Profitability 59
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 91
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 77
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

Tribal Group plc, through its subsidiaries, provides software and services to education institutions internationally. The company operates in two segments: Student Information Systems (SIS) and Etio.

Full company description

Tribal Group plc, through its subsidiaries, provides software and services to education institutions internationally. The company operates in two segments: Student Information Systems (SIS) and Etio. The Student Information Systems segment offers software, and subsequent maintenance and support services; and deploys and configures software solutions, asset management, software-related solutions for higher education and vocational learning, and information managed services for its customers. The Etio segment provides inspection and review services that support the assessment of educational delivery, as well as a portfolio of performance improvement tools and services, including analytics. It serves further and higher education institutions, employers, and school sectors, as well as work-based learning training providers. The company was founded in 1999 and is based in Sheffield, the United Kingdom.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tribal Group reported revenue of £92.5M in FY2025 versus £81.1M in FY2021, a compound +3.3%/yr. Reported net income was £8.9M in FY2025, compounding +6.3%/yr from FY2021.

Growth Quality 74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
£92.5M
Latest YoY
+2.8%
Avg. growth/yr (3Y) 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.
+3.4%
Avg. growth/yr (5Y) 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.
+4.9%
Avg. growth/yr (24Y) 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.
+7.2%
Revenue +3.3%/yr
FY21 £81.1M
FY22 £83.6M
FY23 £85.8M
FY24 £90.0M
FY25 £92.5M
Net income +6.3%/yr
FY21 £7.0M
FY22 −£510K
FY23 £5.3M
FY24 £5.5M
FY25 £8.9M

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Cite: Fair Value Calculator (2026). "Tribal Group Fair Value". https://www.fairvalue-calculator.com/stock/TRB

Peer Group

Software - Application · 709 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 75 · Top 25%
Fair Value upside +36% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 10% · Above median
Operating margin (TTM) 16% · Top 25%
Revenue growth 5% · Below median
Dividend yield (TTM) 1.2% · Below median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 15.5× · Cheaper than median
P/B 2.99× · Pricier than median
P/S (TTM) 1.94× · Pricier than median
P/FCF 9.3× · Pricier than median
EV/EBITDA 11.4× · Cheaper 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 81 · sector 0
FUTURE 24 · sector 38
PAST 64 · sector 13
HEALTH 100 · sector 98
DIVIDEND 23 · sector 28

Insider activity: 30/100

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.

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is Tribal Group (TRB) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of £0.8300 versus a price of £0.6100, about +36% (undervalued).
What is the fair value of TRB?
Our model-based fair value for Tribal Group is £0.8300 (as of Jul 17, 2026), built from audited fundamentals. The current price is £0.6100.
What is the quality score of TRB?
Tribal Group has a Quality Score of 75/100. 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 revenue of Tribal Group (TRB)?
Tribal Group reported trailing-twelve-month revenue of about £92.5M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of TRB?
The net profit margin of Tribal Group is about 9.7%, meaning it keeps roughly 9.7% of revenue as net income. Based on the latest reported figures.
Does Tribal Group pay a dividend?
Tribal Group currently shows a dividend yield of about 1.08% relative to its recent price (as of Jul 17, 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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