Trustpilot Group plc (TRTPF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Trustpilot Group plc $1.46, price $3.00, upside -51.3%, quality 88 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 24, 2026.
How to read this chart
29‑month range $1.71 – $4.26 · fair‑value band $1.10 – $1.84 · the $3.00 price screens above the $1.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Trustpilot Group plc develops and hosts an online review platform for businesses and consumers in the United Kingdom, North America, Europe, and internationally. The company's online review platform enables consumers to make purchasing decisions and businesses. It also provides software-as-a-service (SaaS).
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Trustpilot Group plc develops and hosts an online review platform for businesses and consumers in the United Kingdom, North America, Europe, and internationally. The company's online review platform enables consumers to make purchasing decisions and businesses. It also provides software-as-a-service (SaaS). The company was founded in 2007 and is based in London, the United Kingdom.
Stock analysis
Trustpilot Group plc (TRTPF) currently trades at $3.00, while our model-based Fair Value estimate is $1.46, 51.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $1.91 per share, and 0 of the 21 models we run sit above the $3.00 price.
Bear case: the Earnings-Based group reads lowest at $0.4000, and 21 of the 21 models stay below the price. Evidence for this calculation is medium.
Scenario range: $1.10 (bear) to $1.84 (bull), the price of $3.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 88/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Trustpilot Group plc reported revenue of $261M in FY2025 versus $131M in FY2021, a compound +18.7%/yr. Reported net income was $7.8M in FY2025.
Key figures
Market cap $1.4B · P/E ratio 150.0 · P/S ratio 4.46 · EPS (TTM) $0.0200 · Net margin 3.0% · Return on equity 44.8% · Return on assets (EBIT) −2.2% · Operating margin 7.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 75% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at −51%, TRTPF screens richer than that median.
Fair Value models
Bear $1.10Fair Value $1.46Bull $1.84
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.0151 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+23.9%
Revenue growth 3 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.
+20.6%
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.
+20.7%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+5.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.2%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.−9% → 7%
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+11.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+14.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +9.2% a year for the price and +11.8% for the forecasts.
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.Software - Application · 685 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score87 · Top 25%
Fair Value upside−52.3% · Below median
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets7.6% · Top 25%
Net margin (TTM)3.0% · Below median
Operating margin (TTM)7.8% · Above median
Growth and dividend
Revenue growth24.6% · Top 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (TTM)150.0× · Priciest 25%
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM)5.18× · Priciest 25%
P/FCF26.6× · Pricier than median
EV/EBITDA72.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)100· sector 41
PAST (return on equity)0· sector 15
HEALTH (low debt)0· sector 97
DIVIDEND (yield)0· sector 32
VALUE 0: the price sits above our fair-value range.
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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). "Trustpilot Group plc Fair Value". https://www.fairvalue-calculator.com/stock/TRTPF
Frequently asked questions
Is Trustpilot Group plc (TRTPF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $1.46 versus the last price from Sep 25, 2026 of $3.00, about −51% upside (overvalued).
What is the fair value of TRTPF?
Our model-based fair value for Trustpilot Group plc is $1.46 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $3.00.
What is the quality score of TRTPF?
Trustpilot Group plc has a Quality Score of 88/100. 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 Trustpilot Group plc (TRTPF)?
Our model-based price target is the fair value of $1.46 (as of Sep 24, 2026) from 21 valuation models. Cautious scenario $1.10, optimistic scenario $1.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Trustpilot Group plc stock forecast for 2026?
Our models put fair value at $1.46, about −51% upside versus the last price from Sep 25, 2026 of $3.00 (overvalued). Cautious scenario $1.10, optimistic scenario $1.84. The calculation is refreshed regularly with new filings.
What is the revenue of Trustpilot Group plc (TRTPF)?
Trustpilot Group plc reported trailing-twelve-month revenue of about $261M (latest available figure, as of Sep 24, 2026).
What growth is priced into Trustpilot Group plc (TRTPF)?
For today's price to be fair in a discounted-cash-flow model, Trustpilot Group plc would have to grow free cash flow by +11.8 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +20.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of TRTPF use?
Our models discount Trustpilot Group plc at 9.8 %: a base by market capitalisation (small), damped by beta 0.49, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Trustpilot Group plc that is +11.8 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Trustpilot Group plc (TRTPF) delivered so far?
Over the past 5 years revenue at Trustpilot Group plc grew +20.7 % a year. The price currently implies +11.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Trustpilot Group plc (TRTPF) growing?
The median revenue growth in the sector is +15.1 % a year. That is the yardstick for the growth priced into Trustpilot Group plc (+11.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Trustpilot Group plc (TRTPF)?
The free-cash-flow yield on the price is 4.31 %: that much free cash flow Trustpilot Group plc produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Trustpilot Group plc (TRTPF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Trustpilot Group plc it is $1.46 per share (as of Sep 24, 2026), against a price of $3.00. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is Trustpilot Group plc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TRTPF trades above its calculated fair value: price $3.00, fair value $1.46, a gap of about −51% (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 TRTPF?
No. The price is what the market pays today ($3.00); the fair value is what the company's own numbers justify ($1.46). For Trustpilot Group plc the two are $1.54 per share apart. That gap is exactly why we show both numbers side by side.
How much is Trustpilot Group plc worth?
The market values Trustpilot Group plc at about $1.4B (market capitalisation, as of Sep 24, 2026). Per share that is $3.00; our models calculate a fair value of $1.46 per share.
What do the bullish and bearish scenarios say about TRTPF?
Our models span a range for Trustpilot Group plc: cautious scenario $1.10, base $1.46, optimistic $1.84 per share (as of Sep 24, 2026, price $3.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TRTPF?
Trustpilot Group plc trades at a price-to-earnings ratio of 150.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $1.46 is built from several models across several years. Other multiples: P/S 5.2, EV/EBITDA 72.6.
How solid is the balance sheet of Trustpilot Group plc (TRTPF)?
Balance-sheet figures for Trustpilot Group plc (as of Sep 24, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 88/100, which measures business quality independently of the share price.
How far is TRTPF from its 52-week high?
Trustpilot Group plc trades at $3.00, about 19% below its 52-week high of $3.72 and 75% above the low of $1.71 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $1.46 is for.
Which stocks are comparable to Trustpilot Group plc?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Trustpilot Group plc stock attractive at the current price?
The data as of Sep 24, 2026: price $3.00, calculated fair value $1.46 (−51%), Quality Score 88/100, from 21 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 TRTPF calculated?
We run Trustpilot Group plc through 21 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 $1.46, 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 14.5 % above its aggregate fair value. Trustpilot Group 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 Trustpilot Group plc (TRTPF)?
The latest price we hold is from Sep 25, 2026 and stands at $3.00. Our model-based fair value is $1.46, about −51% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Trustpilot Group plc right now?
A high-quality business (quality 88/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case ($1.84). The favourable scenario is already priced in.
Key figures of Trustpilot Group plc
How large is the market capitalisation of Trustpilot Group plc (TRTPF)?
The market capitalisation of Trustpilot Group plc is $1.4B. 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 is the P/S ratio of Trustpilot Group plc (TRTPF)?
The price-to-sales ratio of Trustpilot Group plc is 4.46 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Trustpilot Group plc (TRTPF)?
Earnings per share at Trustpilot Group plc are $0.0200 (price ÷ EPS = P/E 150.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Trustpilot Group plc (TRTPF)?
The net margin of Trustpilot Group plc is 3.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Trustpilot Group plc (TRTPF)?
The return on equity (ROE) of Trustpilot Group plc is 44.8% (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 Trustpilot Group plc (TRTPF)?
On an EBIT basis the return on assets of Trustpilot Group plc is −2.2% (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 Trustpilot Group plc (TRTPF)?
The operating margin of Trustpilot Group plc is 7.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Trustpilot Group plc (TRTPF)?
Revenue at Trustpilot Group plc is growing +24.6% versus a year earlier (3y avg +20.6%). 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 Trustpilot Group plc (TRTPF)?
Earnings per share at Trustpilot Group plc are growing −64.7% versus a year earlier. How much earnings per share grew versus a year earlier.
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Some data
Sep 24, 2026