Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
London Stock Exchange Group plc is a leading global financial markets infrastructure and data provider operating connected businesses across the entire financial markets value chain. It delivers comprehensive services including data and analytics, indices, capital formation, trade execution, clearing, and risk management, enabling sustainable growth and stability for customers worldwide. Key divisions encompass Data & Analytics, offering high-value financial information through products like Workspace, Yield Book, and StarMine with over 200 billion daily data updates; FTSE Russell, providing benchmarks and indices for asset allocation and investment strategies; Risk Intelligence, with solutions like World-Check for compliance and fraud prevention; Capital Markets, featuring the flagship London Stock Exchange, FXall, Tradeweb for fixed income, Turquoise, and AIM for small companies; and Post Trade, supporting clearing, risk mitigation, and regulatory reporting. Following the acquisition of Refinitiv, approximately two-thirds of revenue stems from data and analytics, including FTSE Russell and WM/Refinitiv benchmarks. Headquartered in London with over 27,000 employees across 65 countries, London Stock Exchange Group plc plays a pivotal role in fostering financial stability, innovation, and economic empowerment in the financial services sector.
£80.62
+£0.34 (+0.42%)
EOD Jun 26, 2026 · Twelve Data
23.22% operating margin is above average. ROIC at 4.81%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 5.5%, steady but not accelerating. Free cash flow declined 28% despite revenue growth, conversion is weakening.
At 34x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 28% versus the prior year, cash generation momentum has weakened.
34.0x earnings, 24.6x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£9.35B
▲ +5.5% YoY
Net Income (TTM)
£1.51B
▲ +63.5% YoY
Op. Margin
23.22%
▲ +7.8pp YoY
ROIC
4.81%
▲ +2.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£1.72B
▼ -28.1% YoY
Op. Cash Flow (TTM)
£1.77B
▼ -28.0% YoY
Net Debt
£8.83B
Cash & Equiv.
£2.89B
3Y CAGR: +6.5%
3Y CAGR: -1.0%
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At a P/E of 34.0 and a price-to-free-cash-flow of 24.6, London Stock Exchange Group (LSEG.XLON) trades above a two-stage DCF intrinsic value of about £39.91 per share, so at £80.62 the stock looks overvalued (50.5% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, London Stock Exchange Group scores 50/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £39.91 per share for LSEG.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £29.93. At today's £80.62, that puts the stock about 50.5% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
London Stock Exchange Group scores 50 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 23.2% operating margin and a 4.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, London Stock Exchange Group pays a regular dividend of about £1.37 per share per year (typically in quarterly installments), a yield of roughly 1.7% at the current price. That is a payout ratio of about 47.7% of earnings, so the dividend is well covered. London Stock Exchange Group has grown the dividend at roughly 13.9% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For LSEG.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. LSEG.XLON currently trades above its estimated intrinsic value and scores 50/100 on quality (mixed). It also yields about 1.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.