{
 "meta": {
  "source": "FCV Index",
  "url": "https://footballclubvaluations.com",
  "valuation_date": "2026-10-28",
  "methodology_version": "1.1",
  "licence": "CC BY 4.0",
  "licence_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Source: FCV Index (footballclubvaluations.com)",
  "disclaimer": "Independent estimates of enterprise value for information only. Not investment advice."
 },
 "data": {
  "slug": "heart-of-midlothian",
  "name": "Heart of Midlothian",
  "league": "Scottish Premiership",
  "league_code": "SCO1",
  "league_slug": "scottish-premiership",
  "in_league": "the Scottish Premiership",
  "country": "Scotland",
  "currency": "GBP",
  "valuation_date": "2026-10-28",
  "enterprise_value": 44.7,
  "enterprise_value_gbp_m": 44.7,
  "enterprise_value_eur_m": 53.1,
  "range_low_m": 38.0,
  "range_high_m": 51.4,
  "range_low_gbp_m": 38.0,
  "range_high_gbp_m": 51.4,
  "data_grade": "A",
  "data_grade_meaning": "Built from the club's latest filed accounts (Companies House)",
  "range_pct": 15,
  "rank_overall": 126,
  "rank_in_league": 3,
  "value_if_stays_m": 44.7,
  "value_if_promoted_m": null,
  "value_if_relegated_m": 15.6,
  "probability_promotion": null,
  "probability_relegation": 0.001,
  "probability_stay": 0.999,
  "expected_finish": 3.5,
  "played": 10,
  "points": 19,
  "latest_revenue_m": 24.4,
  "revenue_source": "Companies House filed accounts",
  "forward_revenue_m": 25.4,
  "adjusted_revenue_multiple": 1.65,
  "revenue_approach_value_m": 41.9,
  "asset_approach_value_m": 48.9,
  "squad_value_eur_m": 35,
  "stadium_capacity": 19852,
  "stadium_ownership": "Owned by the club",
  "academy_category": null,
  "owner": "Foundation of Hearts / Tony Bloom minority",
  "net_debt_gbp_m": null,
  "indicative_equity_value_gbp_m": null,
  "kpmg_benchmark_2026_eur_m": null,
  "filed_accounts": {
   "company_number": "SC005863",
   "year_end": "2025-06-30",
   "accounts_type": "company",
   "turnover_gbp_m": 24.4,
   "turnover_prior_year_gbp_m": 20.3,
   "staff_costs_gbp_m": 19.1,
   "operating_result_gbp_m": -1.6,
   "profit_on_player_sales_gbp_m": 1.3,
   "profit_before_tax_gbp_m": -2.0,
   "net_assets_gbp_m": 27.6,
   "cash_gbp_m": 10.3,
   "borrowings_gbp_m": null,
   "source_url": "https://find-and-update.company-information.service.gov.uk/company/SC005863/filing-history"
  },
  "url": "https://footballclubvaluations.com/clubs/heart-of-midlothian/",
  "api_url": "https://footballclubvaluations.com/api/v1/clubs/heart-of-midlothian.json",
  "methodology_url": "https://footballclubvaluations.com/methodology/",
  "methodology_version": "1.1",
  "licence": "CC BY 4.0",
  "licence_url": "https://creativecommons.org/licenses/by/4.0/",
  "desirability": null,
  "desirability_score": null,
  "desirability_rank_of_92": null,
  "desirability_premium_pct": null,
  "answer": "The FCV Index values Heart of Midlothian at £44.7m as of 28 October 2026, with an indicative range of £38.0m–51.4m (data grade A). That ranks Heart of Midlothian #3 in the Scottish Premiership and #126 of the 198 clubs in the index.",
  "citation": "FCV Index, Heart of Midlothian valuation as of 28 October 2026, https://footballclubvaluations.com/clubs/heart-of-midlothian/"
 }
}