Value & Income Trust (VIP) fair value: what the stock is really worth
We calculate from audited financials what Value & Income Trust is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
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Real Estate · GB · Market cap 86.1M GBX · ISIN GB0008484718
At a glance
VIValue & Income TrustVIP · LSE
Price£2.09
Fair Value£1.45
Upside−30.5%
Quality68/100
A solid business, but trading 44% above our fair value of £1.45.
As of Aug 29, 2026, the fair value of Value & Income Trust is £1.45 per share against a price of £2.09, so the fair value sits 30% below the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y −6.3 %/yr)
✓Highly profitable · 49.8% net margin
✓Moderate debt · generates free cash flow
·6.91% dividend yield
!Trails peers (4/13)
!Moderate moat 62/100
!Weak on past: 21 out of 100
Evidence: HighRange £0.7300 to £1.45
Fair value as of: Aug 29, 2026
From 11 valuation models · updated 13 days ago
Share price −2.1% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price sits above even our optimistic bull case (£1.45). The favourable scenario is already priced in.
Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
A fairly wide model range (£0.7300 to £1.45) leaves room in how you read the outcome.
As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range £1.36 – £2.14 · fair‑value band £0.7300 – £1.45 · the £2.09 price screens above the £1.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Value & Income Trust (VIP) currently trades at £2.09, while our model-based Fair Value estimate is £1.45, implying the stock looks roughly 43.8% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Real Estate sector. Bull case: the Growth DCF group reads highest at a median of £1.56 per share, and 0 of the 10 models we run sit above the £2.09 price. Bear case: the DCF Models group reads lowest at £0.7200, and 10 of the 10 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Value & Income Trust generated revenue of £8.3M at a net margin of 65.2%. Revenue declined 30.3% year over year. It earns a return on equity of 5.9%. Net debt stands at £46.4M. Fundamentals as of Aug 29, 2026
Scenario range: £0.7300 (bear) to £1.45 (bull), the price of £2.09 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. For context, the median of 10 Real Estate peers we cover trades at −50% fair-value upside, at −30%, VIP screens cheaper than that median.
Fair Value models
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
Residual Income best evidence£1.41£1.41£1.2574
Growth DCF£0.4800£1.56£3.2469
FCF DCF£0.6000£1.35£3.5468
All 11 models by family
DCF Models
FCF DCF£0.6000£1.35£3.5468
5Y Revenue Exitn/an/a£0.580067
10Y Revenue Exitn/a£0.7200£1.0162
Dividend Discount
Gordon GGM£0.9300£1.56£2.0266
DDM Multi-Stage£0.9300£1.48£1.6865
Multiples
P/S Multiple£0.4000£0.5300£0.670058
P/B Multiple£1.36£1.81£2.2755
EV/EBIT£0.2300£0.7200£1.2260
Asset-Based
NCAV (Graham)£1.00£1.33£1.9954
Growth DCF
Growth DCF£0.4800£1.56£3.2469
Economic Profit
Residual Income best evidence£1.41£1.41£1.2574
Widest divergence: Growth DCF (£1.56) versus DCF Models (£0.7200). Highest evidence: Residual Income (74).
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Key figures & financial health
P/E ratio16.0
P/S ratio8.02P/E × margin
EPS (TTM)£0.1300price ÷ EPS = P/E 16.0
Dividend yield6.9%payout 111%
Net margin50.0%FY2026
Return on equity5.9%TTM
More key figures
Profitability
Return on assets (EBIT)2.1%avg 5y
Operating margin78.1%TTM
Growth
Revenue (TTM)£8.3MTTM
Revenue growth (YoY)−30.3%
EPS growth (YoY)−26.8%
Balance sheet & cash flow
Free cash flow6.7M GBXFY2026
Net debt46.4M GBXFY2026 · ≈ 6.9 yrs of FCF
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality68/100
Of which business quality 65
· Market factors (momentum, volatility) 62
Profitability35
Margins and returns on capital today
Quality Growth37
Are margins and returns improving?
Cashflow91
Earnings quality: real cash, not paper profit
Fin. Strength47
Balance sheet, leverage, solvency risk
Investment100
Disciplined investing over empire-building
Low Volatility79
Calm price path (market factor)
Momentum51
Price trend over the last 3–12 months (market factor)
52W Momentum62
Distance to the 52-week high (market factor)
Net Issuance99
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Value and Income Trust plc is a closed-ended equity mutual fund launched by Value & Income Services Limited. The fund is co-managed by OLIM Ltd. and OLIM Property Limited. It invests in the public equity markets of the United Kingdom. The fund also invests in convertible securities.
Full company description
Value and Income Trust plc is a closed-ended equity mutual fund launched by Value & Income Services Limited. The fund is co-managed by OLIM Ltd. and OLIM Property Limited. It invests in the public equity markets of the United Kingdom. The fund also invests in convertible securities. It seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of small and mid cap companies. The fund also directly invests in commercial property. It employs fundamental analysis with a focus on such factors as profitability, cash flows, balance sheets, management, and products and services to create its portfolio. The fund benchmarks the performance of its portfolio against the FTSE All-Share Index. Value and Income Trust plc was formed on April 19, 1972 and is domiciled in the United Kingdom.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Value & Income Trust reported revenue of £9.1M in FY2026 versus £22.3M in FY2022, a compound −20.0%/yr. Reported net income was £4.6M in FY2026, compounding −34.2%/yr from FY2022.
Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
£9.1M
Latest YoY
−24.3%
Avg. revenue 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.
−6.3%
Avg. revenue growth/yr (22Y) ⓘ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.
−4.0%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−16.5%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−23.4%
Dividend yield6.9%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −23.4% vs 10Y 0.9%, flattening
Operating margin (EBIT) ⓘ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.92.5% (2004) → 69.3% (2025) · falling
Worst earnings drop642% (2020) (loss year, drop beyond 100%) · in GBP
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). "Value & Income Trust Fair Value". https://www.fairvalue-calculator.com/stock/VIP.LSE
Peer Group
REIT - Retail · 93 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.
Valuation
Quality Score68 · Top 25%
Fair Value upside−31% · Below median
Profitability
Return on equity (TTM)5% · Below median
Return on assets3% · Below median
Net margin (TTM)50% · Above median
Operating margin (TTM)77% · Top 25%
Growth and dividend
Revenue growth−29% · Bottom 25%
Dividend yield (TTM)6.9% · Above median
Balance sheet
Debt / equity0.67× · Above median
Valuation Multiples vs REIT - Retail median · lower = cheaper
P/E (TTM)16.0× · Pricier than median
P/B1.40× · Pricier than median
P/S (TTM)13.01× · Priciest 25%
P/FCF17.7× · Pricier than median
EV/EBITDA38.0× · Priciest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Value & Income Trust deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+5.4 % per year
Achieved revenue growth, 5 years-6.3 % p.a.
Sector median revenue growth+8.2 %
FCF yield on price7.81 %
Discount rate (WACC) in the models8.3 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
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.
This stockSector peers
VALUE0· sector 17
FUTURE0· sector 22
PAST21· sector 30
HEALTH67· sector 68
DIVIDEND100· sector 100
VALUE 0: the price sits above our fair-value range.
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
Similar stocks
10 more REIT - Retail stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
Is Value & Income Trust (VIP) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of £1.45 versus a price of £2.09, about −30% upside (overvalued).
What is the fair value of VIP?
Our model-based fair value for Value & Income Trust is £1.45 (as of Aug 29, 2026), built from audited fundamentals. The current price: £2.09.
What is the quality score of VIP?
Value & Income Trust has a Quality Score of 68/100. 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 Value & Income Trust (VIP)?
Our model-based price target is the fair value of £1.45 (as of Aug 29, 2026) from 11 valuation models. Cautious scenario £0.7300, optimistic scenario £1.45. It is a calculation from audited fundamentals, not an analyst target.
What is the Value & Income Trust stock forecast for 2026?
Our models put fair value at £1.45, about −30% upside versus a price of £2.09 (overvalued). Cautious scenario £0.7300, optimistic scenario £1.45. The calculation is refreshed regularly with new filings.
What is the revenue of Value & Income Trust (VIP)?
Value & Income Trust reported trailing-twelve-month revenue of about £8.3M (latest available figure, as of Aug 29, 2026).
What is the net profit margin of VIP?
The net profit margin of Value & Income Trust is about 65.2%, meaning it keeps roughly 65.2% of revenue as net income. Based on the latest reported figures.
Does Value & Income Trust pay a dividend?
Value & Income Trust currently shows a dividend yield of about 6.91% relative to its recent price (as of Aug 29, 2026).
What growth is priced into Value & Income Trust (VIP)?
For today's price to be fair in a discounted-cash-flow model, Value & Income Trust would have to grow free cash flow by +5.4 % per year for ten years (discount rate 8.3 %, then 2 % perpetual growth). Over the last 5 years revenue grew -6.3 % per year. As of Aug 29, 2026.
What discount rate (WACC) does the fair value of VIP use?
Our models discount Value & Income Trust at 8.3 %: a base by market capitalisation, damped by beta 0.51. The same rate applies in all 26 models.
What is the intrinsic value of Value & Income Trust (VIP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Value & Income Trust it is £1.45 per share (as of Aug 29, 2026), against a price of £2.09. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Value & Income Trust stock overvalued or undervalued in 2026?
As of Aug 29, 2026, VIP trades above its calculated fair value: price £2.09, fair value £1.45, a gap of about −30% (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 VIP?
No. The price is what the market pays today (£2.09); the fair value is what the company's own numbers justify (£1.45). For Value & Income Trust the two are £0.6350 per share apart. That gap is exactly why we show both numbers side by side.
How much is Value & Income Trust worth?
The market values Value & Income Trust at about 86.1M GBX (market capitalisation, as of Aug 29, 2026). Per share that is £2.09; our models calculate a fair value of £1.45 per share.
What do the bullish and bearish scenarios say about VIP?
Our models span a range for Value & Income Trust: cautious scenario £0.7300, base £1.45, optimistic £1.45 per share (as of Aug 29, 2026, price £2.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VIP?
Value & Income Trust trades at a price-to-earnings ratio of 16.0 (as of Aug 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £1.45 is built from several models across several years. Other multiples: P/B 1.4, P/S 13.0, EV/EBITDA 38.0.
How solid is the balance sheet of Value & Income Trust (VIP)?
Balance-sheet figures for Value & Income Trust (as of Aug 29, 2026): return on equity 5.2%, debt of 0.67 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
Which stocks are comparable to Value & Income Trust?
From the same area (Real Estate) we also value Simon Property Group, Realty Income Corporation, Unibail-Rodamco-Westfield SE, Kimco Realty Corporation, 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 Value & Income Trust stock attractive at the current price?
The data as of Aug 29, 2026: price £2.09, calculated fair value £1.45 (−30%), Quality Score 68/100, from 11 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 VIP calculated?
We run Value & Income Trust through 11 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 £1.45, 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 32.6 % above its aggregate fair value. Value & Income Trust 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 <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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