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Trustpilot Group plcLSE:TRST Stock Report

Market Cap UK£978.4m
Share Price
UK£2.40
UK£4.04
40.6% undervalued intrinsic discount
1Y0.6%
7D5.2%
1D
Portfolio Value
View

Trustpilot Group plc

LSE:TRST Stock Report

Market Cap: UK£978.4m

Trustpilot Group (TRST) Stock Overview

Develops and hosts an online review platform for businesses and consumers in the United Kingdom, North America, Europe, and internationally. More details

TRST fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance4/6
Financial Health3/6
Dividends0/6

TRST Community Fair Values

Create Narrative

See what 23 others think this stock is worth. Follow their fair value or set your own to get alerts.

Trustpilot Group plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Trustpilot Group
Historical stock prices
Current Share PriceUK£2.40
52 Week HighUK£2.89
52 Week LowUK£1.25
Beta0.49
1 Month Change-7.84%
3 Month Change61.70%
1 Year Change0.59%
3 Year Change188.92%
5 Year Change-26.40%
Change since IPO-9.51%

Recent News & Updates

Narrative Update Jun 02

TRST: Buyback, Regulatory Fine And Mixed Outlook Will Shape A Balanced View

Trustpilot Group’s analyst price targets have been adjusted higher, with an updated fair value of £2.43 per share compared with the previous £2.30, as analysts factor in revised growth, margin and future P/E assumptions following recent research updates that include both a downgrade and price target increases. Analyst Commentary Recent research has sent mixed signals for Trustpilot Group, with some analysts lifting price targets while others have turned more cautious and adjusted their stance.
Narrative Update Apr 30

TRST: Share Buyback And Richer P/E Assumptions Will Support Future Upside

Analysts have lifted their price target on Trustpilot Group to around £4.04 from about £3.80, citing updated assumptions for revenue growth, profit margins and future P/E multiples, supported by recent target increases from the Street. Analyst Commentary Bullish analysts are reacting to the recent research moves with a clear tilt toward higher valuation potential for Trustpilot Group.

Recent updates

Narrative Update Jun 02

TRST: Buyback, Regulatory Fine And Mixed Outlook Will Shape A Balanced View

Trustpilot Group’s analyst price targets have been adjusted higher, with an updated fair value of £2.43 per share compared with the previous £2.30, as analysts factor in revised growth, margin and future P/E assumptions following recent research updates that include both a downgrade and price target increases. Analyst Commentary Recent research has sent mixed signals for Trustpilot Group, with some analysts lifting price targets while others have turned more cautious and adjusted their stance.
Narrative Update Apr 30

TRST: Share Buyback And Richer P/E Assumptions Will Support Future Upside

Analysts have lifted their price target on Trustpilot Group to around £4.04 from about £3.80, citing updated assumptions for revenue growth, profit margins and future P/E multiples, supported by recent target increases from the Street. Analyst Commentary Bullish analysts are reacting to the recent research moves with a clear tilt toward higher valuation potential for Trustpilot Group.
Narrative Update Apr 16

TRST: Buybacks And Mixed Regulatory Outlook Will Shape A More Balanced View

Narrative Update Analysts have lifted their price targets for Trustpilot, with recent moves such as a £0.15 and £0.21 increase cited alongside small adjustments to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions as they refine their views on the company. Analyst Commentary Recent research points to a more mixed tone around Trustpilot, even where headline price targets are adjusted.
Narrative Update Apr 02

TRST: Buybacks And Higher Guidance Will Support A More Constructive Outlook

Analysts have lifted their price targets for Trustpilot, with recent moves including increases of £0.15 and £0.21 per share, and an updated fair value estimate of £2.33 supported by revised assumptions on discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent research updates on Trustpilot point to a mixed picture, with some price targets and ratings adjusted in response to fresh assumptions on discount rate, revenue growth, profit margin and future P/E.
Narrative Update Mar 18

TRST: Buybacks And Higher Guidance Will Shape A More Balanced Outlook

Analysts have raised their price target on Trustpilot to £2.20 from £2.16, citing updated assumptions around fair value, discount rates, revenue growth, profit margins and P/E expectations reflected in recent research and rating changes. Analyst Commentary Recent research points to a mixed but generally more constructive stance on Trustpilot, with some analysts adjusting ratings and price targets to reflect their latest views on valuation, execution and growth assumptions.
Narrative Update Mar 04

TRST: Hold Upgrade And Buyback Authorization Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for Trustpilot slightly to align with a new £2.20 price target, citing updated assumptions on discount rate, revenue growth, profit margins and a lower future P/E. This is reflected in a recent upgrade to Hold from Sell.
Narrative Update Feb 18

TRST: Upgraded Rating And Buybacks Will Support Stronger Future Returns

Analysts have nudged their price target on Trustpilot Group higher to £2.20, reflecting updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions following recent research, including an upgrade to Hold. Analyst Commentary Bullish analysts see the move to a £2.20 target as a reset that better lines up the share price with their assumptions on revenue growth, margins and future P/E, rather than a call on short term trading.
Narrative Update Feb 04

TRST: Higher Guidance And Buybacks Will Support Rerating Potential

Analysts have lifted their price target on Trustpilot Group to £2.20, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E, and reflecting recent research upgrades. Analyst Commentary Recent research points to a more neutral stance on Trustpilot Group, with the latest price target set at £2.20.
Narrative Update Jan 20

TRST: Enterprise Shift And Market Leadership Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for Trustpilot Group from £3.86 to £3.81, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E, as well as recent research that includes an upgrade to Hold with a £2.20 price target and a new Outperform initiation at £2.90. Analyst Commentary Bullish analysts are starting to sound more constructive on Trustpilot Group, pointing to a mix of execution on its business model and potential upside relative to current trading levels.
Analysis Article Jan 19

Investors Appear Satisfied With Trustpilot Group plc's (LON:TRST) Prospects As Shares Rocket 42%

Trustpilot Group plc ( LON:TRST ) shareholders would be excited to see that the share price has had a great month...
Narrative Update Jan 06

TRST: Shift Toward Enterprise Customers Will Drive Rerating Potential

Analysts have raised their price expectations for Trustpilot Group, noting a higher fair value estimate, revised assumptions for revenue growth and profit margins, and support from new positive coverage. This includes a £2.90 target from RBC Capital, which highlights the company's first mover position and its focus on higher value enterprise customers.
Narrative Update Dec 19

TRST: Enterprise Shift And Market Leadership Will Drive Medium Term Upside

Analysts have modestly reduced their price target on Trustpilot Group to approximately £3.86 from about £4.18 per share. They cite a higher discount rate and slightly slower revenue growth assumptions, while still highlighting the company’s strong market position and successful pivot toward higher value enterprise customers.
Narrative Update Dec 05

TRST: Enterprise Pivot And Buybacks Will Drive Stronger Future Returns

Analysts have modestly reduced their price target on Trustpilot Group to approximately £2.90 per share from around £3.35, citing updated assumptions on discount rates and growth. This comes despite confidence that the company is successfully leveraging its first mover advantage and pivot toward higher value enterprise customers.
Analysis Article Dec 05

Take Care Before Jumping Onto Trustpilot Group plc (LON:TRST) Even Though It's 34% Cheaper

Trustpilot Group plc ( LON:TRST ) shareholders that were waiting for something to happen have been dealt a blow with a...
Analysis Article Nov 04

Returns At Trustpilot Group (LON:TRST) Are On The Way Up

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
Analysis Article Sep 03

At UK£1.96, Is It Time To Put Trustpilot Group plc (LON:TRST) On Your Watch List?

While Trustpilot Group plc ( LON:TRST ) might not have the largest market cap around , it saw significant share price...
Analysis Article Jul 31

What You Can Learn From Trustpilot Group plc's (LON:TRST) P/S

You may think that with a price-to-sales (or "P/S") ratio of 6.4x Trustpilot Group plc ( LON:TRST ) is a stock to...
Analysis Article May 23

Why Trustpilot Group plc (LON:TRST) Could Be Worth Watching

While Trustpilot Group plc ( LON:TRST ) might not have the largest market cap around , it saw a significant share price...
Analysis Article Mar 29

The Price Is Right For Trustpilot Group plc (LON:TRST) Even After Diving 27%

The Trustpilot Group plc ( LON:TRST ) share price has fared very poorly over the last month, falling by a substantial...
User avatar
New Narrative Mar 23

Enterprise Focus And New Products Will Boost Future Profitability

Trustpilot's product innovation and pricing strategies enhance retention and future revenue growth, alongside strong market expansion, particularly in the U.S.
Analysis Article Feb 09

After Leaping 26% Trustpilot Group plc (LON:TRST) Shares Are Not Flying Under The Radar

The Trustpilot Group plc ( LON:TRST ) share price has done very well over the last month, posting an excellent gain of...
Analysis Article Jan 15

What Is Trustpilot Group plc's (LON:TRST) Share Price Doing?

Trustpilot Group plc ( LON:TRST ), might not be a large cap stock, but it saw a double-digit share price rise of over...
Analysis Article Oct 10

Investors Interested In Trustpilot Group plc's (LON:TRST) Revenues

When you see that almost half of the companies in the Interactive Media and Services industry in the United Kingdom...
Analysis Article Aug 08

A Look At The Fair Value Of Trustpilot Group plc (LON:TRST)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Trustpilot Group fair value estimate is UK£2.08 With UK£1.93...
Analysis Article Jul 04

At UK£2.29, Is It Time To Put Trustpilot Group plc (LON:TRST) On Your Watch List?

Trustpilot Group plc ( LON:TRST ), is not the largest company out there, but it received a lot of attention from a...
Analysis Article May 30

Trustpilot Group plc (LON:TRST) Not Flying Under The Radar

When close to half the companies in the Interactive Media and Services industry in the United Kingdom have...
Analysis Article Jan 24

What Is Trustpilot Group plc's (LON:TRST) Share Price Doing?

Trustpilot Group plc ( LON:TRST ), is not the largest company out there, but it led the LSE gainers with a relatively...
Analysis Article Dec 20

A Look At The Fair Value Of Trustpilot Group plc (LON:TRST)

Key Insights The projected fair value for Trustpilot Group is UK£1.42 based on 2 Stage Free Cash Flow to Equity Current...
Analysis Article Sep 20

Trustpilot Group plc (LON:TRST) Shares Could Be 44% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for Trustpilot Group is UK£1.71 based on 2 Stage Free Cash Flow to Equity...
Analysis Article Jul 24

We Think Trustpilot Group (LON:TRST) Can Easily Afford To Drive Business Growth

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...

Shareholder Returns

TRSTGB Interactive Media and ServicesGB Market
7D5.2%1.8%-0.9%
1Y0.6%-37.8%18.0%

Return vs Industry: TRST exceeded the UK Interactive Media and Services industry which returned -37.8% over the past year.

Return vs Market: TRST underperformed the UK Market which returned 18% over the past year.

Price Volatility

Is TRST's price volatile compared to industry and market?
TRST volatility
TRST Average Weekly Movement12.6%
Interactive Media and Services Industry Average Movement5.0%
Market Average Movement5.7%
10% most volatile stocks in GB Market12.0%
10% least volatile stocks in GB Market3.2%

Stable Share Price: TRST's share price has been volatile over the past 3 months compared to the UK market.

Volatility Over Time: TRST's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

FoundedEmployeesCEOWebsite
20071,108Adrian Blairwww.trustpilot.com

Trustpilot Group plc develops and hosts an online review platform for businesses and consumers in the United Kingdom, North America, Europe, and internationally. The company’s online review platform enables consumers to make purchasing decisions and businesses. It also provides software-as-a-service (SaaS).

Trustpilot Group plc Fundamentals Summary

How do Trustpilot Group's earnings and revenue compare to its market cap?
TRST fundamental statistics
Market capUK£978.36m
Earnings (TTM)UK£5.76m
Revenue (TTM)UK£193.94m
164.0x
P/E Ratio
4.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRST income statement (TTM)
RevenueUS$261.05m
Cost of RevenueUS$45.18m
Gross ProfitUS$215.87m
Other ExpensesUS$208.11m
EarningsUS$7.76m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.02
Gross Margin82.69%
Net Profit Margin2.97%
Debt/Equity Ratio0%

How did TRST perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/03 17:51
End of Day Share Price 2026/06/03 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Trustpilot Group plc is covered by 19 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexander James ShortBerenberg
Ciaran DonnellyBerenberg
Edward JamesBerenberg