Scottish Mortgage Investment Trust/£SMT
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Scottish Mortgage Investment Trust
Scottish Mortgage Investment Trust is a publicly traded investment trust based in Edinburgh, Scotland. It primarily focuses on investing in global public and private companies, spanning various industries such as technology, healthcare, and consumer goods. The trust is known for its long-term investment approach, emphasizing high-growth potential companies. Founded in 1909, Scottish Mortgage Investment Trust is managed by Baillie Gifford, a renowned independent investment management firm. Its extensive geographic footprint includes investments in North America, Europe, and Asia. The trust's strategic positioning is underscored by its ability to enter early and maintain significant positions in high-performing companies globally.
- Ticker
- £SMT
- Sector
- Finance
- Primary listing
- LSE
- Employees
- -
- Headquarters
- Edinburgh, United Kingdom
- Website
- www.scottishmortgage.com
SMT Metrics
BasicAdvanced
£16B
5.49
£2.75
0.81
£0.05
0.30%
Price and volume
Market cap
£16B
Beta
0.81
52-week high
£16.53
52-week low
£10.16
Average daily volume
1.8M
Dividend rate
£0.05
Financial strength
Current ratio
0.084
Quick ratio
0.084
Long term debt to equity
0.071
Total debt to equity
0.116
Dividend payout ratio (TTM)
1.62%
Interest coverage (TTM)
59.59%
Profitability
Gross margin (TTM)
100.00%
Net profit margin (TTM)
97.38%
Operating margin (TTM)
98.59%
Effective tax rate (TTM)
0.09%
Management effectiveness
Return on assets (TTM)
13.44%
Return on equity (TTM)
23.95%
Valuation
Price to earnings (TTM)
5.494
Price to revenue (TTM)
5.35
Price to book
1.18
Price to tangible book (TTM)
1.18
Price to free cash flow (TTM)
-247.959
Free cash flow yield (TTM)
-0.40%
Free cash flow per share (TTM)
-0.061
Dividend yield (TTM)
0.30%
Growth
Revenue change (TTM)
143.88%
Earnings per share change (TTM)
191.11%
3-year revenue growth (CAGR)
5.13%
10-year revenue growth (CAGR)
61.58%
3-year earnings per share growth (CAGR)
10.40%
10-year earnings per share growth (CAGR)
73.02%
3-year dividend per share growth (CAGR)
3.68%
10-year dividend per share growth (CAGR)
4.44%
What the Analysts think about SMT
Analyst ratings (Buy, Hold, Sell) for Scottish Mortgage Investment Trust stock.
Analyst projections of the future price of Scottish Mortgage Investment Trust stock.
Bulls say / Bears say
The trust has delivered a strong recent rebound: in the year to 30 September 2026, NAV rose 36.3% and the share price 40.3%, against 18.7% for the FTSE All-World Index. Continued momentum in its growth holdings could support further gains. (Scottish Mortgage)
Scottish Mortgage’s private-market access has produced a major winner: its 2018 investment in SpaceX was worth about $5bn at the company’s IPO. Managers are now selling some shares as they become free to trade, creating scope to redeploy capital into other opportunities. (Scottish Mortgage)
The trust combines a strong long-term record with low costs: over the ten years to March 2026, NAV returned 435.2% against 233.9% for the FTSE All-World Index. Ongoing charges were about 0.33%, with no performance fee. (London Stock Exchange)
SpaceX was still about 15% of the portfolio in October, even after the managers had begun selling down. That leaves the trust unusually exposed to one company, which was also its largest contributor to returns in the year to March 2026. (MoneyWeek, London Stock Exchange)
A large private-company portfolio makes NAV less certain than a portfolio priced wholly by daily market trading. The trust reviews private holdings on a three-month cycle, so valuations may not reflect the price or speed at which shares could actually be sold. (London Stock Exchange)
The recent rebound has not erased a weak five-year comparison: NAV total return to March 2026 was 12.8%, against 68.2% for the FTSE All-World Index. This shows how a long growth-stock slump can weigh on returns for years. (London Stock Exchange)
Data summarised monthly by Lightyear AI. Last updated on 31 Oct 2026.
SMT Financial Performance
Revenues and expenses
SMT Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing SMT
Fund name | Fund size | £SMT weighting |
|---|---|---|
Vanguard FTSE 100£VUKE | £4.7B | 0.68% |
Vanguard FTSE 100£VUKG | £1.9B | 0.68% |
iShares Core FTSE 100£CUKX | £3.2B | 0.63% |
iShares Core FTSE 100€ISFA | £16B | 0.63% |
iShares Core FTSE 100£ISF | £17B | 0.63% |
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by London Stock Exchange, through Infront.