LSEG.L · Intrinsic value
Is London Stock Exchange Group plc (LSEG.L) overvalued or undervalued?
London Stock Exchange Group plc (LSEG.L) trades at the delayed market price of £87.24 a share. That price already implies revenue growth of 1.3% a year for 5 years. TickerWorth's fair value is £86.63 a share (priced within our range of £38.75 – £109.20). We do not call it over- or undervalued from inside our range.
Model by Miraaj Patel · generated from market data · Updated Oct 19, 2026 · How these pages are made
Is LSEG.L fairly valued?
- Fair value
- £86.63
- Market price
- £87.24
- Downside to fair value
- 0.7%
- Verdict
- Priced within our range of £38.75 – £109.20
Reverse DCF: Today's price implies revenue growth of 1.3% a year for 5 years; our model assumes 5.3% a year on average over the same horizon.
What is LSEG.L's TickerWorth Score?
Scores lower than almost every company we compare it with
Compared with Financial Services companies in UK
Its strongest point: growing quickly. Its weakest: looks expensive on the numbers.
- Value · 23 of 100
Cheaper than 23% of Financial Services companies in UK
- Price vs worth · 48 of 100
- Quality · 46 of 100
More profitable than 46% of Financial Services companies in UK
- Financial health · 17 of 100
Financially stronger than 17% of Financial Services companies in UK
- Growth · 56 of 100
Growing faster than 56% of Financial Services companies in UK
- Momentum · 40 of 100
Outperformed 40% of Financial Services companies in UK over the past year
Confidence: Medium confidence · Scored
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LSEG.L DCF valuation, input by input
At a recent price of £87.24, London Stock Exchange Group plc (LSEG.L) trades roughly at TickerWorth's blended fair value of £86.63 per share — a discounted-cash-flow model cross-checked against peer multiples and asset value — meaning the market currently prices LSEG.L in line with our estimate of what the business is intrinsically worth. Our fair value sits below the market, an implied -0.7% move to close the gap if the business performs in line with our assumptions. This is an educational model, not a price target or a recommendation — the value moves with the inputs, which you can test yourself using the WACC slider below.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values LSEG.L at about £109.20 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts London Stock Exchange Group plc's projected free cash flows at a weighted-average cost of capital (WACC) of 6.7%, with a long-run terminal growth rate of 2.5%. About 83% 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 1.3% annual revenue growth for LSEG.L. Our base case instead compounds to about 5.3% a year over the same forecast, so the market is pricing in slower 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, LSEG.L's modeled DCF value ranges from about £63.49 to £290.31 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 London Stock Exchange 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 LSEG.L's intrinsic value. Figures update as new filings and prices come in.
Every input behind LSEG.L's DCF
| Input | Value |
|---|---|
| Base-year revenueLive feed — totalRevenue (TTM) | £9,659,000,000 |
| Base EBIT marginComputed — trailing operatingMargins, held roughly flat | 29.0% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 7% → 6% → 5% → 5% → 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) | 0.41 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesLive feed — sharesOutstanding | 480M |
| Market priceLast known price · as of 2026-10-19 20:14 UTC | £87.24 |
Change LSEG.L's assumptions
The discount-rate dial and the editable model
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What does London Stock Exchange Group plc do?
What does it do?
London Stock Exchange Group plc provides financial markets infrastructure and data products in the United Kingdom, the United States, Europe, Asia, and internationally. The company operates through four segments: Data & Analytics, FTSE Russell, Risk Intelligence, and Markets. It operates in the Financial Data & Stock Exchanges industry (Financial Services sector), headquartered in United Kingdom. The company employs roughly 28,516 people.
How does it make money?
The business turns 9.7B in annual revenue into profit. Out of every $100 of sales, about $29 is left as operating profit (operating margin of 29.0%), after a 89% gross margin on the products/services it sells. After all costs, taxes and interest, 14.6% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks mixed: carries modest debt (0.6× equity), can just cover its short-term bills (1.0× current ratio), and is currently profitable.
LSEG.L insider trading
Insider filings are available for US-listed companies only.
Common questions
What is LSEG.L's intrinsic value?
TickerWorth's blended fair value for London Stock Exchange Group plc (LSEG.L) is £86.63 per share, versus a market price of £87.24 (roughly at fair value).
Is LSEG.L overvalued or undervalued?
On our blended fair value LSEG.L looks in line with fair value at £87.24. This is an educational estimate, not advice.
What discount rate is used for LSEG.L?
A WACC of 6.7% and a terminal growth rate of 2.5%.
Is London Stock Exchange Group stock undervalued?
TickerWorth's fair value for London Stock Exchange Group plc (LSEG.L) is £86.63 against a market price of £87.24. Our read: Priced within our range of £38.75 – £109.20. This is a model estimate, not investment advice.
London Stock Exchange Group (LSEG.L) DCF valuation and fair value
Our fair value for London Stock Exchange Group plc (LSEG.L) is £86.63, built on a 6.7% 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 London Stock Exchange Group stock?
Today's price implies revenue growth of 1.3% a year for 5 years; our model assumes 5.3% 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 £87.24. A model estimate, not investment advice.
London Stock Exchange Group (LSEG.L) insider trading
We have no recent SEC Form 4 insider filings on file for London Stock Exchange Group plc (LSEG.L). Form 4 covers US-listed companies only.
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.