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Modarabas

FTSM First Tri-Star Modaraba

Latest results: FY2026 · Jun 2026

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Last close · 16 Oct 2026

Rs 34.65 -10.00%

Valuation · at the close on 16 Oct 2026

First Tri-Star Modaraba (FTSM) valuation

At Rs 34.65 (close on 16 Oct 2026) FTSM trades at 149.4× earnings (FY2026), below its five-year average of 204.8× and above the Modarabas median of 16.9×. The shares are priced at 2.69× book value (sector median 1.09×).

P/E · today
149.4×
FY2026
5-yr average204.8× Sector median16.9×
P/B · today
2.69×
FY2026
5-yr average1.02× Sector median1.09×
Dividend yield · today
0.0%
FY2026
5-yr average9.5% Payers' median4.3%

Market value Rs 733.3 mn at Rs 34.65. Sector medians use the latest close of 20 Modarabas companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

P/E history P/E at fiscal year-end 5-year average
P/E history 221.2× 110.6× 0.0× P/E at fiscal year-end FY17: 116.1× P/E at fiscal year-end FY18: 72.9× P/E at fiscal year-end FY23: 0.5× P/E at fiscal year-end FY26: 185.0× FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26

Valuation history

At each fiscal year-end price.

FTSM valuation history (annual) (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022 FY2021 Jul 2020 – Jun 2021 FY2020 Jul 2019 – Jun 2020 FY2019 Jul 2018 – Jun 2019 FY2018 Jul 2017 – Jun 2018 FY2017 Jul 2016 – Jun 2017
Market capitalisation 907.9 300.9 364.6 166.1 169.3 259.7 169.3 190.5 169.1 232.6
Share price (period end) Rs 42.90 14.22 17.23 7.85 8.00 — — 9.00 7.99 10.99
P/E (diluted) 185.02× — 219.43× 0.47× 414.29× — — — 72.90× 116.08×
Price to book 3.33× 0.68× 0.82× 0.31× 0.95× — — 1.07× 0.84× 1.17×
Dividend yield (gross) 0.0% 14.1% 34.8% 0.0% 7.5% — — 0.0% 0.0% 0.0%
PEG ratio 1.39× — (2.20×) 0.00× (4.27×) — — — 4.63× —
P/E (diluted, normalised) 185.02× — 219.43× 0.47× 414.29× — — — 72.90× 116.08×
Price to book — 5-year average 1.02× — — — — — — — — —
Dividend yield — 5-year average 9.5% — — — — — — — — —

FTSM valuation: frequently asked questions

What is FTSM's P/E ratio?

At the closing price of Rs 34.65 on 16 Oct 2026, FTSM trades at a P/E of 149.4× based on EPS of Rs 0.23 (FY2026).

What is FTSM's book value per share?

First Tri-Star Modaraba's book value per share was Rs 12.88 at the end of FY2026. The shares trade at 2.69× book value.

Information only, not investment advice.