Scottish Premiership · Scotland · valued 28 October 2026
Heart of Midlothian valuation
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.
Key figures
- Live enterprise value
- £44.7m
- Indicative range
- £38.0m–51.4m
- Data grade
- A (±15%)
- Rank in Scottish Premiership
- #3 of 12
- Rank in FCV Index
- #126 of 198
- Latest revenue
- £24.4m
- Revenue source
- Companies House filed accounts
- Adjusted revenue multiple
- 1.65x
- Squad value (estimate)
- €35.0m
- Stadium capacity
- 19,852
- Stadium ownership
- Owned by the club
- Academy
- n/a
- Owner
- Foundation of Hearts / Tony Bloom minority
- Net debt (filed)
- not confirmed
- Indicative equity value
- n/a
This season
19 points from 10 games; expected finish 3.5. Value in each end-of-season outcome, with FCV's simulated probability:
How the value is built
Revenue approach: forward revenue of £25.4m × adjusted multiple 1.65x = £41.9m.
Asset approach: realisable squad value, stadium (if owned) and training ground = £48.9m.
The two are blended with a weight set by division, giving £44.7m if the club stays in the Scottish Premiership. The live value weights each season outcome by its probability. Full methodology.
Filed accounts
Latest accounts filed at Companies House by company SC005863 (company accounts). Figures in £ millions; some older filings are scanned documents read by OCR.
- Year end
- 2025-06-30
- Turnover
- £24.4m
- Turnover, prior year
- £20.3m
- Staff costs
- £19.1m
- Operating result
- -£1.6m
- Profit on player sales
- £1.3m
- Profit before tax
- -£2.0m
- Net assets
- £27.6m
- Cash
- £10.3m
- Borrowings identified
- n/a
Questions
How much is Heart of Midlothian worth?
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.
How much would it cost to buy Heart of Midlothian?
The FCV Index estimates enterprise value at £44.7m, before debt. The price for the shares depends on the club's net debt, which FCV has not yet confirmed from filed accounts.
Who owns Heart of Midlothian?
FCV records the owner as Foundation of Hearts / Tony Bloom minority. Check the club's filings at Companies House or the relevant national registry for the current shareholding.
How is Heart of Midlothian's value calculated?
FCV blends a revenue approach (forward revenue of £25.4m × an adjusted multiple of 1.65x) with a realisable-asset approach (squad, stadium and training ground, £48.9m), then weights the values if the club is promoted, stays or is relegated by probabilities from a 20,000-run season simulation.
How often is the valuation updated?
Live values are recalculated after every round of matches, and the financial inputs are updated when clubs file new accounts.
Scottish Premiership valuations
| # | Club | Live value | Grade |
|---|---|---|---|
| 1 | CelticDermot Desmond (largest shareholder) | £241m | A |
| 2 | Rangers49ers Enterprises-led consortium | £188m | A |
| 3 | Heart of MidlothianFoundation of Hearts / Tony Bloom minority | £44.7m | A |
| 4 | AberdeenDave Cormack | £37.8m | A |
| 5 | HibernianGordon family / Black Knight minority | £28.7m | A |
| 6 | Dundee UnitedMark Ogren | £21.4m | A |
| 7 | KilmarnockBilly Bowie | £15.2m | A |
| 8 | St MirrenSupporter-owned (SMISA) | £15.1m | A |
| 9 | MotherwellWell Society / Erik Barmack | £14.7m | C |
| 10 | St JohnstoneAdam Webb | £13.4m | A |
| 11 | DundeeJohn Nelms / Tim Keyes | £10.4m | B |
| 12 | FalkirkFalkirk FC board | £6.5m | A |
Cite or reuse this valuation
FCV Index, Heart of Midlothian valuation as of 28 October 2026, https://footballclubvaluations.com/clubs/heart-of-midlothian/