3i Group PLC TGOPY

FinancialsInvestment Banking & Investment ServicesUnited Kingdom

Last close 7.83 USD on Nov 1, 2026, −23.6% year to date

Quant rating

Quant rating C Rank 131 of 304 in Financials

Growth C 195 of 304
Valuation A 34 of 304
Quality B 89 of 304
Revisions C 125 of 304
Momentum D 226 of 304

Wall Street consensus Buy (2.27)Average target 45.54 USD +481.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 33.4B
Enterprise value: 34.3B
52-week range: 6.90 – 14.75
3-year range: 6.17 – 15.17
Dividend yield: 3.46%
Beta (5 years): 1.32
Shares outstanding: 1,021M
Next earnings: Nov 12, 2026

About the company

3i Group PLC is a United Kingdom-based investment company, which is specialized in private equity and infrastructure. It invests in mid-market companies and core investment markets are Europe and North America. The private equity business is funded principally from its proprietary capital, with some funding from co-investors for selected assets. Its principal focus is on generating attractive capital returns. Private equity sectors include consumer & private label, healthcare, industrial, services & software. Its infrastructure business manages assets on behalf of third-party investors and its proprietary capital, with the objective of generating capital returns and earning fund management fees and portfolio income. Infrastructure sectors include communications, utilities, transport/logistics, social infrastructure, and energy.

Growth and profitability fiscal year ends March 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	7,387	6,659	5,063	5,891	5,508	–
Revenue growth	10.9%	31.5%	−14.1%	7.0%	101.9%	22.0%
EPS (basic, normalized)	7.22	6.92	4.97	5.93	5.05	–
EPS growth	4.3%	39.4%	−16.2%	17.3%	–	–
Gross margin	99.9%	99.7%	98.7%	99.2%	98.9%	99.3%
Net margin	94.8%	97.7%	95.6%	95.7%	95.7%	95.9%
ROE	19.1%	22.5%	20.7%	30.9%	36.6%	26.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2026 actual	7,387	+10.9%	4.6x	40.39	+17.5%	0.2x	7.22	+4.3%	1.1x
2027	6,168	−16.5%	5.6x	45.46	+12.6%	0.2x	6.46	−10.5%	1.2x
2028	8,554	+38.7%	4.0x	51.36	+13.0%	0.2x	7.55	+16.9%	1.0x
2029	9,468	+10.7%	3.6x	58.02	+13.0%	0.1x	9.11	+20.7%	0.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	6,168	0.0%	+6.3%	−21.4%	6.46	−0.1%	+3.6%	−10.9%
2028	8,554	0.0%	−1.6%	−6.2%	7.55	−0.2%	+0.1%	−11.0%
2029	9,468	0.0%	−0.6%	−34.4%	9.11	−0.3%	−0.8%	−15.9%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Investment Banking & Investment Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
TGOPY 3i Group PLC	33.4B	–	94.8%	0.81x	1.2x	1.0x	5.7x	4.9x
IX ORIX CORPORATION	41.7B	–	13.4%	1.35x	7.2x	12.2x	–	–
CBOE Cboe Global Markets, Inc.	35.0B	−0.58x	23.2%	6.24x	23.5x	21.9x	16.1x	15.5x
NTRS Northern Trust Corporation	30.6B	–	12.3%	2.29x	14.1x	12.9x	45.2x	41.7x
RJF Raymond James Financial, Inc.	30.2B	–	13.4%	2.38x	11.0x	9.5x	21.6x	22.3x
NMR Nomura Holdings, Inc.	29.3B	–	7.6%	1.13x	9.1x	9.5x	–	–
Mean		−0.58x	27.5%	2.37x	11.0x	11.2x	22.2x	21.1x
Median		−0.58x	13.4%	1.82x	10.1x	10.9x	18.9x	18.9x

Technical analysis

1M−7.2%
3M−16.8%
1Y−43.6%
3Y+45.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, 3i Group PLC, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	7,387	6,659	5,063	5,891	5,508	2,728
Cost of revenue	6.6	18.1	64.4	46.9	60.4	8.3
Gross profit	7,380	6,641	4,999	5,845	5,448	2,720
Selling, general & administrative expenses	118	138	133	123	121	109
Research & development	–	–	–	–	–	–
Depreciation/amortization	–	15.5	10.1	7.4	9.2	9.6
Interest expense (income), operating	204	−62.0	−26.5	32.1	6.6	12.4
Unusual expense (income)	–	2.6	2.5	0	2.6	0
Other operating expenses	60.8	37.5	35.3	39.5	31.5	33.1
Operating income	6,998	6,509	4,845	5,642	5,277	2,556
Net interest income (expense)	–	–	–	–	–	–
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	6,998	6,509	4,845	5,642	5,277	2,556
Provision for taxes	−1.3	1.3	2.5	2.5	6.6	0
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	7,000	6,508	4,842	5,640	5,270	2,556
Extraordinary items	–	–	–	–	–	–
Net income	7,000	6,508	4,842	5,640	5,270	2,556
EBIT, normalized	7,202	6,450	4,821	5,674	5,286	2,568
EBITDA, normalized	–	6,465	4,831	5,682	5,295	2,578
Basic EPS, normalized	7.22	6.92	4.97	5.93	5.05	–

Balance sheet in millions of USD, fiscal years

Balance sheet, 3i Group PLC, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	840	532	452	200	278	298
Receivables	31.7	45.2	58.1	50.6	68.3	13.8
Total inventory	–	–	–	–	–	–
Prepaid expenses	–	–	–	–	–	–
Other current assets	135	181	163	96.2	150	42.7
Total current assets	1,006	758	673	347	496	354
Property, plant & equipment	79.3	76.2	66.9	14.8	21.0	28.9
Goodwill	–	–	–	–	–	–
Intangibles	–	2.6	5.0	6.2	7.9	11.0
Long-term investments	41,629	32,647	26,352	21,413	17,642	13,662
Note receivable	–	0	3.8	3.7	11.8	12.4
Other long-term assets	42.3	176	217	192	139	171
Total assets	42,757	33,659	27,318	21,976	18,318	14,239
Liabilities
Accounts payable	147	187	199	136	151	109
Payable/accrued	–	–	–	–	–	–
Accrued expenses	–	–	–	–	–	–
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	6.6	3.9	5.0	6.2	269	5.5
Other current liabilities	0	2.6	3.8	6.2	5.3	1.4
Total current liabilities	153	194	208	148	426	116
Long-term debt	1,661	1,597	1,574	962	1,030	1,361
Minority interest	–	–	–	–	–	–
Other liabilities	104	76.2	74.5	92.5	113	135
Total liabilities	1,919	1,867	1,857	1,202	1,568	1,612
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	1,001	929	908	887	944	991
Additional paid-in capital	3,298	1,023	998	974	1,036	1,086
Retained earnings (accumulated deficit)	36,631	29,944	23,678	19,048	14,909	10,646
Treasury stock	–	–	–	–	–	–
Other equity	−91.2	−103	−124	−136	−139	−95.1
Total equity	40,839	31,793	25,461	20,774	16,750	12,627
Total liabilities & shareholders' equity	42,757	33,659	27,318	21,976	18,318	14,239

Cash flow statement in millions of USD, fiscal years

Cash flow statement, 3i Group PLC, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	–	–	–	–	–	–
Depreciation, depletion & amortization	–	–	–	–	–	–
Deferred taxes	–	–	–	–	–	–
Non-cash items	−132	−868	−119	377	441	−824
Changes in working capital	1,452	1,854	581	519	202	53.7
Cash from operations	1,320	986	462	897	644	−770
Investing activities
Capital expenditures	−1.3	−20.7	−3.8	–	0	−1.4
Other investing cash flows	85.9	0	0	–	0	0
Cash from investing	84.6	−20.7	−3.8	–	0	−1.4
Financing activities
Financing cash flow items	−87.3	−77.5	−50.5	−66.6	−68.3	−63.4
Cash dividends paid	−1,011	−807	−683	−598	−511	−466
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−25.1	−6.5	526	−289	−74.9	539
Cash from financing	−1,124	−891	−207	−953	−654	9.6
Foreign exchange effects	14.5	−3.9	−3.8	−3.7	5.3	−2.8
Net change in cash	295	69.8	247	−60.4	−5.3	−765
Free cash flow	1,318	965	458	897	644	−772

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.