M&G Plc (MNG) Fair Value & Analysis
Financial Services · GB · Market cap 8.4B GBX · ISIN GB00BKFB1C65
What is M&G Plc really worth?
A solid business, but trading 117% above our fair value of £1.65.
Risks
For context
Fair value as of: Aug 30, 2026
From 13 valuation models · updated 6 days ago
Share price −1.9% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (£2.06). The favourable scenario is already priced in.
- Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.
How to read this chart
60‑month range £1.15 – £3.64 · fair‑value band £1.24 – £2.06 · the £3.57 price screens above the £1.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.
Analysis
M&G Plc (MNG) currently trades at £3.57, while our model-based Fair Value estimate is £1.65, implying the stock looks roughly 116.6% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Financial Services sector. Bull case: the Growth DCF group reads highest at a median of £6.63 per share, and 6 of the 13 models we run sit above the £3.57 price. Bear case: the Asset-Based group reads lowest at £0.8800, and 7 of the 13 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, M&G Plc generated revenue of £7.3B at a net margin of 4.1%. Revenue grew 37.0% year over year. It earns a return on equity of 9.7%. Net debt stands at £2.0B. Fundamentals as of Aug 30, 2026
Our scenario range runs from £1.24 (bear case) to £2.06 (bull case); at £3.57, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −54%, MNG screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 13 models by family
Widest divergence: Growth DCF (£6.63) versus Asset-Based (£0.8800). Highest evidence: Residual Income (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 80
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
M&G plc, through its subsidiaries, provides investment and savings products to institutional clients and individual policyholders in the United Kingdom and internationally. The company operates through Asset Management and Life segments.
Full company description
M&G plc, through its subsidiaries, provides investment and savings products to institutional clients and individual policyholders in the United Kingdom and internationally. The company operates through Asset Management and Life segments. The Asset Management segment offers managed investment products, such as equities, fixed income, and multi-asset, as well as real estate investment products and services to wholesale clients and institutional investors. The Life segment provides corporate pension solutions, individual life and pensions, and international solutions and advice; and Prudential guaranteed income plan. This segment also offers level annuities, which provide a fixed annuity payment; fixed increase annuities, which incorporate a periodic automatic fixed increase in annuity payments; inflation-linked annuities, which incorporate a periodic increase based on a defined inflation index; and with-profits annuities, written in the with-profits fund, combining income features of annuity contracts with the investment-smoothing features of with-profits products. The company was formerly known as M&G Prudential PLC and changed its name to M&G plc in September 2019. M&G plc was founded in 1848 and is headquartered in London, the United Kingdom.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
M&G Plc reported revenue of £21.7B in FY2025 versus £16.2B in FY2021, a compound +7.5%/yr. Reported net income was £302M in FY2025, compounding +38.1%/yr from FY2021.
MNG screens 117% overvalued. Compare with Blackstone Inc →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- M&G (LSE:MNG) Stock Sees Modest Fair Value Lift As Analysts Fine Tune Targets
- M&G (LSE:MNG) Stock Gets Fair Value Bump After Analyst Target Revisions
Peer Group
Asset Management · 697 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 Multiples vs Asset Management median · lower = cheaper
Strength profile in five axes (Snowflake)
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.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Blackstone Inc BX | $142.39 | $52.88 | −63% |
| Investor AB INVEB | kr 417.20 | kr 824.66 | +98% |
| Brookfield Corporation BN | C$55.74 | C$10.67 | −81% |
| KKR & Co KKR | $108.68 | $19.97 | −82% |
| Apollo Global Management, Inc APO | $135.04 | $101.04 | −25% |
| State Street Corporation STT | $193.33 | $138.33 | −28% |
| Ameriprise Financial, Inc AMP | $559.32 | $515.24 | −8% |
| Ares Management Corporation ARES | $143.10 | $30.88 | −78% |
| Northern Trust Corporation NTRS | $186.79 | $122.02 | −35% |
| Raymond James Financial, Inc RJF | $181.10 | $142.42 | −21% |
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