Valuation Polar Capital Technology Trust plc

Equities

Real-time Estimate Cboe Europe Other stock markets 03:32:08 10/03/2026 pm IST			5-day change	1st Jan Change
498.25 ^GBX	+2.84%		+2.11%	+7.83%

16/01	Polar Capital starts new share buyback as managed assets rise	AN
16/12	FTSE 100 dips as BP and Shell fall amid oil slide	AN

Data adjusted to current consolidation scope

Fiscal Period: April	2020	2021	2022	2023	2024	2025
Capitalization ¹	2,387	3,228	2,700	2,450	3,522	3,375
Change	-	35.22%	-16.35%	-9.26%	43.76%	-4.16%
Enterprise Value (EV) ¹	2,298	3,066	2,441	2,262	3,468	3,266
Change	-	33.46%	-20.4%	-7.34%	53.32%	-5.8%
P/E ratio	6.59x	3.04x	-10.6x	-23.9x	3.23x	28.9x
PBR	1.03x	0.95x	0.88x	0.87x	0.93x	0.89x
PEG	-	0x	0x	0.4x	-0x	-0.3x
Capitalization / Revenue	6.31x	2.94x	-11.1x	-28.2x	3.07x	21.5x
EV / Revenue	6.07x	2.8x	-10x	-26.1x	3.02x	20.9x
EV / EBITDA	-	-	-	-	-	-
EV / EBIT	6.42x	2.86x	-8.93x	-20.6x	3.09x	26.3x
EV / FCF	10.7x	4.61x	-16.5x	-25.5x	5.23x	39.9x
FCF Yield	9.32%	21.7%	-6.06%	-3.93%	19.1%	2.51%
Dividend per Share ²	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-
EPS ²	0.2691	0.7768	-0.1916	-0.0813	0.9042	0.0997
Distribution rate	-	-	-	-	-	-
Net sales ¹	378.2	1,097	-243.6	-86.75	1,148	156.7
EBITDA	-	-	-	-	-	-
EBIT ¹	357.9	1,071	-273.2	-109.8	1,121	124.2
Net income ¹	360.1	1,064	-258.6	-105.2	1,115	118.4
Net Debt ¹	-89.65	-161.6	-259.3	-188.3	-54.56	-109.1
Reference price ²	1.774	2.364	2.040	1.940	2.920	2.885
Nbr of stocks (in thousands)	13,45,660	13,65,448	13,23,564	12,62,855	12,06,216	11,70,007
Announcement Date	14/07/20	29/06/21	19/07/22	18/07/23	17/07/24	11/07/25