TT Electronics Plc (TTG) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of TT Electronics Plc stock £2.18, price £1.80, upside +21.2%, quality 56 out of 100. Rating: undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range £0.7300 – £2.56 · fair‑value band £1.61 – £3.18 · the £1.80 price screens below the £2.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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TT Electronics plc provides design-led advanced electronics technologies for performance critical applications in the healthcare, aerospace and defense, and automation and electrification markets in the United Kingdom, Rest of Europe, North America, Asia, and internationally.
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The company offers power conversion, including commercial aviation, air defense, land defense, naval defense, advanced air mobility, power distribution, high-voltage power conversion, and bidirectional power conversion; electromagnetics; medical device coils, such as electromagnetic tracking coils, implantable coils, external communication and charging coils, RF wireless antennas; and microelectronics, including power modules, RF power MOSFETS, and semiconductors.
It also offers sensors comprising optoelectronics, flow sensors, pressure sensors, temperature sensors, and sensor calibration; passive components, such as encoders, potentiometers, resistors, steering sensors, trimmers, and turn counting dials; and connectors.
In addition, the company provides manufacturing services comprising NPI and engineering, PCBA, box build and HLA, cable and harness assembly, testing solutions, ISO-certified cleanroom, and supply chain management.
It offers its products and services under the AB Connectors, Aero Stanrew, BI Technologies, Ferranti, IRC, Optek Technology, Precision, Power Partners, Roxspur Measurement and Control, Semelab, Torotel, and Welwyn brand names.
The company was formerly known as TT Group plc and changed its name to TT Electronics plc in 2000. TT Electronics plc was incorporated in 1906 and is headquartered in Woking, the United Kingdom.
Stock analysis
TT Electronics Plc (TTG) currently trades at £1.80, while our model-based Fair Value estimate is £2.18, implying the stock looks roughly 18% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of £4.29 per share, and 10 of the 13 models we run sit above the £1.80 price.
Bear case: the Asset-Based group reads lowest at £0.2200, and 3 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: £1.61 (bear) to £3.18 (bull), the price of £1.80 sits inside 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 56/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
TT Electronics Plc reported revenue of £481M in FY2025 versus £476M in FY2021, a compound +0.3%/yr. Reported net income was −£50.6M in FY2025.
Key figures
Market cap £326M Small · P/E ex one-offs 26.4 · P/S ratio 0.72 · EPS (TTM) £−0.2100 · Dividend yield 3.6% · Net margin −8.3% · Return on equity −23.5% · Return on assets (EBIT) 2.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).
What moves the price
The share trades about 9% 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 −7% fair-value upside, at 21%, TTG screens cheaper than that median.
Fair Value models
Bear£1.61Fair Value £2.18Bull£3.18
Price £1.80 · Upside +21.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.28/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−7.6%
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.
−7.9%
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.
+2.2%
Start year 2020 (pandemic). Over 10 years: −0.6% a year
Revenue growth 39 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.
+10.7%
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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.
1.5% (2020) → 7.2% (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
not computed
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+1.3%
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.
+3.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about −1.0% a year for the price and +0.9% 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.Electronic Components · 655 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+21.2% · Top 25%
Profitability
Return on assets−12.8% · Bottom 25%
Net margin (12 months)−8.3% · Bottom 25%
Operating margin (12 months)4.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)−4.1% · Bottom 25%
Dividend yield (12 months)3.6% · Top 25%
Balance sheet
Debt / equity0.60× · Highest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Is TT Electronics Plc (TTG) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of £2.18 versus a price of £1.80, about +21% upside (undervalued).
What is the fair value of TTG?
Our model-based fair value for TT Electronics Plc is £2.18 (as of Nov 8, 2026), built from audited fundamentals. The current price: £1.80.
What is the quality score of TTG?
TT Electronics Plc has a Quality Score of 56/100. 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 TT Electronics Plc (TTG)?
Our model-based price target is the fair value of £2.18 (as of Nov 8, 2026) from 13 valuation models. Cautious scenario £1.61, optimistic scenario £3.18. It is a calculation from audited fundamentals, not an analyst target.
What is the TT Electronics Plc stock forecast for 2026?
Our models put fair value at £2.18, about +21% upside versus a price of £1.80 (undervalued). Cautious scenario £1.61, optimistic scenario £3.18. The calculation is refreshed regularly with new filings.
What is the revenue of TT Electronics Plc (TTG)?
TT Electronics Plc reported trailing-twelve-month revenue of about £472M (latest available figure, as of Nov 8, 2026).
Does TT Electronics Plc pay a dividend?
TT Electronics Plc currently shows a dividend yield of 3.59% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of TT Electronics Plc (TTG)?
TT Electronics Plc has a dividend yield of 3.6%.
What growth is priced into TT Electronics Plc (TTG)?
For today's price to be fair in a discounted-cash-flow model, TT Electronics Plc would have to grow free cash flow by +1.3 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of TTG use?
Our models discount TT Electronics Plc at 10.9 %: a base by market capitalisation (small), damped by beta 0.71, country premium for United Kingdom. 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 TT Electronics Plc that is +1.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has TT Electronics Plc (TTG) delivered so far?
Over the past 5 years revenue at TT Electronics Plc grew +2.2 % a year. The price currently implies free-cash-flow growth of +1.3 % per 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 TT Electronics Plc (TTG) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into TT Electronics Plc (+1.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TT Electronics Plc (TTG)?
The free-cash-flow yield on the price is 10.49 %: that much free cash flow TT Electronics Plc produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TT Electronics Plc (TTG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TT Electronics Plc it is £2.18 per share (as of Nov 8, 2026), against a price of £1.80. It is the blended result of 13 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is TT Electronics Plc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, TTG trades below its calculated fair value: price £1.80, fair value £2.18, a gap of about +21% (undervalued). 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 TTG?
No. The price is what the market pays today (£1.80); the fair value is what the company's own numbers justify (£2.18). For TT Electronics Plc the two are £0.3820 per share apart. That gap is exactly why we show both numbers side by side.
How much is TT Electronics Plc worth?
The market values TT Electronics Plc at about £326M (market capitalisation, as of Nov 8, 2026). Per share that is £1.80; our models calculate a fair value of £2.18 per share.
What do the bullish and bearish scenarios say about TTG?
Our models span a range for TT Electronics Plc: cautious scenario £1.61, base £2.18, optimistic £3.18 per share (as of Nov 8, 2026, price £1.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of TTG?
The PEG ratio of TT Electronics Plc is 0.32 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of TT Electronics Plc (TTG)?
Balance-sheet figures for TT Electronics Plc (as of Nov 8, 2026): return on equity −23.5%, debt of 0.60 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is TTG from its 52-week high?
TT Electronics Plc trades at £1.80, about 9% below its 52-week high of £1.98 and 75% above the low of £1.03 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of £2.18 is for.
Which stocks are comparable to TT Electronics Plc?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, 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 TT Electronics Plc stock attractive at the current price?
The data as of Nov 8, 2026: price £1.80, calculated fair value £2.18 (+21%), Quality Score 56/100, from 13 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 TTG calculated?
We run TT Electronics Plc through 13 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of £2.18 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. TT Electronics Plc currently trades 18% below its own fair value, and the market average says nothing about that. 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 TT Electronics Plc (TTG)?
The closing price on Nov 9, 2026 was £1.80. Our model-based fair value is £2.18, about +21% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TT Electronics Plc right now?
Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (£1.61 to £3.18) leaves room in how you read the outcome.
Key figures of TT Electronics Plc
How large is the market capitalisation of TT Electronics Plc (TTG)?
The market capitalisation of TT Electronics Plc is £326M. 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/E ratio of TT Electronics Plc (TTG) excluding one-off items?
Excluding one-off items, the price-to-earnings ratio of TT Electronics Plc is 26.4 (fiscal year 2025, the reported result was a loss, median at FY-end 24.1 (7 FY)).
What is the P/S ratio of TT Electronics Plc (TTG)?
The price-to-sales ratio of TT Electronics Plc is 0.72 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TT Electronics Plc (TTG)?
Earnings per share at TT Electronics Plc are £−0.2100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TT Electronics Plc (TTG)?
The dividend yield of TT Electronics Plc is 3.6%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of TT Electronics Plc (TTG)?
The net margin of TT Electronics Plc is −8.3% (last twelve months). 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 TT Electronics Plc (TTG)?
The return on equity (ROE) of TT Electronics Plc is −23.5% (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 TT Electronics Plc (TTG)?
On an EBIT basis the return on assets of TT Electronics Plc is 2.8% (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 TT Electronics Plc (TTG)?
The operating margin of TT Electronics Plc is 4.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TT Electronics Plc (TTG)?
Revenue at TT Electronics Plc is growing −4.1% versus a year earlier (3y avg −7.9%). 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 TT Electronics Plc (TTG)?
Earnings per share at TT Electronics Plc are growing −50.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TT Electronics Plc (TTG) carry?
The net debt of TT Electronics Plc is £64.7M (fiscal year 2025, ≈ 1.9 yrs of FCF). 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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Some data
Nov 8, 2026