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Modarabas

TRSM Trust Modaraba

Latest results: FY2026 · Jun 2026

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Last close · 16 Oct 2026

Rs 14.14 -0.21%

Valuation · at the close on 16 Oct 2026

Trust Modaraba (TRSM) valuation

At Rs 14.14 (close on 16 Oct 2026) TRSM trades at 37.0× earnings (FY2026), above its five-year average of 15.5× and above the Modarabas median of 16.9×. The shares are priced at 1.17× book value (sector median 1.09×).

P/E · today
37.0×
FY2026
5-yr average15.5× Sector median16.9×
P/B · today
1.17×
FY2026
5-yr average0.50× Sector median1.09×
Dividend yield · today
0.0%
FY2026
5-yr average1.8% Payers' median4.3%

Market value Rs 421.4 mn at Rs 14.14. 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 66.9× 33.5× 0.0× P/E at fiscal year-end FY17: 8.6× P/E at fiscal year-end FY18: 62.0× P/E at fiscal year-end FY19: 43.1× P/E at fiscal year-end FY20: 36.1× P/E at fiscal year-end FY21: 14.4× P/E at fiscal year-end FY22: 5.1× P/E at fiscal year-end FY24: 2.8× P/E at fiscal year-end FY25: 11.7× P/E at fiscal year-end FY26: 42.6× FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26

Valuation history

At each fiscal year-end price.

TRSM 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 484.8 214.3 59.6 32.8 58.1 95.4 62.6 44.7 119.2 122.2
Share price (period end) Rs 16.27 7.19 2.00 1.10 1.95 3.20 2.10 1.50 4.00 4.10
P/E (diluted) 42.61× 11.65× 2.81× — 5.11× 14.43× 36.14× 43.12× 61.99× 8.63×
Price to book 1.35× 0.61× 0.17× 0.10× 0.18× 0.30× 0.20× 0.15× 0.39× 0.39×
Dividend yield (gross) 0.0% 7.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
PEG ratio (1.12×) (0.87×) 0.00× — 0.07× 0.05× 0.54× (0.94×) (0.72×) —
P/E (diluted, normalised) 42.61× 11.65× 2.81× — 5.14× 14.43× 36.14× 43.12× 61.99× 8.63×
Price to book — 5-year average 0.50× 0.28× 0.19× 0.19× 0.24× 0.29× — — — —
Dividend yield — 5-year average 1.8% 3.2% 0.0% 0.0% 0.0% 0.0% — — — —

TRSM valuation: frequently asked questions

What is TRSM's P/E ratio?

At the closing price of Rs 14.14 on 16 Oct 2026, TRSM trades at a P/E of 37.0× based on EPS of Rs 0.38 (FY2026).

What is TRSM's book value per share?

Trust Modaraba's book value per share was Rs 12.09 at the end of FY2026. The shares trade at 1.17× book value.

Information only, not investment advice.