Scottish Mortgage Investment Trust/£SMT
1D1W1MYTD1Y5YMAX
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
£17B
5.74
£2.75
0.81
£0.05
0.29%
Price and volume
Market cap
£17B
Beta
0.81
52-week high
£16.00
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)
5.741
Price to revenue (TTM)
5.591
Price to book
1.23
Price to tangible book (TTM)
1.23
Price to free cash flow (TTM)
-259.107
Free cash flow yield (TTM)
-0.39%
Free cash flow per share (TTM)
-0.061
Dividend yield (TTM)
0.29%
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
In the year to March 2026, NAV returned 27.4% and the share price 26.8%, ahead of the FTSE All-World’s 18.0%. This shows a strong recent recovery in the trust’s portfolio and shares. (Investegate)
The trust offers access to large private businesses that most investors cannot readily buy directly, alongside listed AI and technology holdings. After SpaceX’s listing, private companies still made up 20% of assets at June-end, and the trust added to its Anthropic investment. (Scottish Mortgage)
Its 0.33% ongoing charge was the lowest in its global investment trust sector, with no performance fee. Lower costs leave more of the portfolio’s return with shareholders over time. (Edison Group)
SpaceX was still just over 15% of the portfolio in September, an unusually large single-company position. A sharp fall in its valuation could therefore have a material effect on NAV. (Scottish Mortgage)
Private companies still represented 20% of assets after SpaceX listed, and these investments are less liquid than listed shares. Their valuations are also less continuously tested by market trading, which can make reported NAV less certain. (Scottish Mortgage, Hargreaves Lansdown)
The trust’s five-year NAV performance remained below the sector mean after a difficult period for growth shares. Gearing of about 11% can magnify losses if those holdings fall again. (Edison Group, Investegate)
Data summarised monthly by Lightyear AI. Last updated on 4 Oct 2026.
SMT Financial Performance
Revenues and expenses
SMT Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing SMT
AllGBPEUR
Fund name | Fund size | £SMT weighting |
|---|---|---|
iShares Core FTSE 100£CUKX | £3.2B | 0.69% |
iShares Core FTSE 100€ISFA | €19B | 0.68% |
iShares Core FTSE 100£ISF | £16B | 0.68% |
Vanguard FTSE 100£VUKE | £4.8B | 0.62% |
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.