ADM.L · Intrinsic value
Is Admiral Group plc (ADM.L) overvalued or undervalued?
As of Oct 19, 2026, TickerWorth publishes a fair-value range of £78.94 – £78.94 for Admiral Group plc (ADM.L), against the delayed market price of £37.58: priced below our range. It is a range, not a single number, so we do not call it over- or undervalued. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from market data · Updated Oct 19, 2026 · How these pages are made
What is ADM.L worth?
- Fair-value range
- £78.94 – £78.94
- Market price
- £37.58
- Gap to fair value
- —
- Verdict
- Priced below our range
Reverse DCF: Today's price implies revenue growth of 4.3% a year for 5 years; our model assumes 2.0% a year on average over the same horizon.
What is ADM.L's TickerWorth Score?
Middle of the pack — real strengths and real weaknesses
Compared with Financial Services companies in UK
Its strongest point: trades below our estimate of what it's worth. Its weakest: looks expensive on the numbers.
- Value · 22 of 100
Cheaper than 22% of Financial Services companies in UK
- Price vs worth · 100 of 100
- Quality · 53 of 100
More profitable than 53% of Financial Services companies in UK
- Financial health · 45 of 100
Financially stronger than 45% of Financial Services companies in UK
- Growth · 18 of 100
Growing faster than 18% of Financial Services companies in UK
- Momentum · 56 of 100
Outperformed 56% of Financial Services companies in UK over the past year
Confidence: Medium confidence · Scored
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Why ADM.L gets a range, not one number
At a recent price of £37.58, Admiral Group plc (ADM.L) sits below every lens we ran: our valuation lenses put the business somewhere between £78.94 and £78.94 per share. They disagree too widely for us to state a single fair value. We publish the range rather than a midpoint because a number that precise would claim more than the methods can support. This is an educational model, not a price target or a recommendation.
Read the full reasoning
The valuation discounts Admiral Group plc's projected free cash flows at a weighted-average cost of capital (WACC) of 9.2%, with a long-run terminal growth rate of 2.5%. About 73% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 4.3% annual revenue growth for ADM.L. Our base case instead compounds to about 2.0% a year over the same forecast, so the market is pricing in materially faster growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, ADM.L's modeled DCF value ranges from about £24.99 to £52.62 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Admiral Group plc would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of ADM.L's intrinsic value. Figures update as new filings and prices come in.
Every input behind ADM.L's DCF
| Input | Value |
|---|---|
| Base-year revenueLive feed — totalRevenue (TTM) | £5,019,300,000 |
| Base EBIT marginComputed — trailing operatingMargins, held roughly flat | 17.7% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 0% → 1% → 2% → 3% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.1% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 1.00 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesLive feed — sharesOutstanding | 301M |
| Market priceLast known price · as of 2026-10-19 22:18 UTC | £37.58 |
Change ADM.L's assumptions
The discount-rate dial and the editable model
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What does Admiral Group plc do?
What does it do?
Admiral Group plc, a financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain. It operates through four segments: UK Insurance, European Insurance, Admiral Money, and Other. It operates in the Insurance - Property & Casualty industry (Financial Services sector), headquartered in United Kingdom. The company employs roughly 14,805 people.
How does it make money?
The business turns 5.0B in annual revenue into profit. Out of every $100 of sales, about $18 is left as operating profit (operating margin of 17.7%), after a 40% gross margin on the products/services it sells. After all costs, taxes and interest, 13.4% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks mixed: carries moderate debt (1.4× equity), comfortably covers its short-term bills (6.1× current ratio), and is currently profitable.
ADM.L insider trading
Insider filings are available for US-listed companies only.
Common questions
What is ADM.L's intrinsic value?
TickerWorth's valuation lenses put Admiral Group plc (ADM.L) between £78.94 and £78.94 per share, versus a market price of £37.58. They disagree too widely for us to state a single fair value, so we publish the range.
Is ADM.L overvalued or undervalued?
At £37.58 the price sits below every lens we ran. We don't call ADM.L overvalued or undervalued from a range this wide. This is an educational estimate, not advice.
What discount rate is used for ADM.L?
A WACC of 9.2% and a terminal growth rate of 2.5%.
Is Admiral Group stock undervalued?
TickerWorth's fair-value range for Admiral Group plc (ADM.L) is £78.94 – £78.94 against a market price of £37.58. Priced below our range. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.
Admiral Group (ADM.L) DCF valuation and fair value
Our fair-value range for Admiral Group plc (ADM.L) is £78.94 – £78.94, built on a 9.2% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Admiral Group stock?
Today's price implies revenue growth of 4.3% a year for 5 years; our model assumes 2.0% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of £37.58. A model estimate, not investment advice.
Admiral Group (ADM.L) insider trading
We have no recent SEC Form 4 insider filings on file for Admiral Group plc (ADM.L). Form 4 covers US-listed companies only.
Other ways into the coverage
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.