Just Group plc

LSE:JUST Stock Report

Market Cap: UK£2.3b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Just Group Valuation

Is JUST undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of JUST when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: JUST (£2.19) is trading above our estimate of future cash flow value (£0.94)

Significantly Below Future Cash Flow Value: JUST is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JUST?

Key metric: As JUST is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for JUST. This is calculated by dividing JUST's market cap by their current revenue.
What is JUST's PS Ratio?
PS Ratio1.1x
SalesUK£2.16b
Market CapUK£2.27b

Price to Sales Ratio vs Peers

How does JUST's PS Ratio compare to its peers?

The above table shows the PS ratio for JUST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.6x
CSN Chesnara
2.2xn/aUK£757.6m
SDLF Standard Life
0.3x-26.85%UK£7.9b
LGEN Legal & General Group
1.4x3.77%UK£15.4b
PRU Prudential
2.3x20.73%UK£24.6b
JUST Just Group
1.1x21.29%UK£2.3b

Price-To-Sales vs Peers: JUST is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (1.5x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does JUST's PS Ratio compare vs other companies in the GB Insurance Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
RQIH R&Q Insurance Holdings
0.001xn/aUS$360.20k
No more companies available in this PS range
JUST 1.1xIndustry Avg. 1.2xNo. of Companies2PS00.81.62.43.24+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: JUST is good value based on its Price-To-Sales Ratio (1.1x) compared to the European Insurance industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is JUST's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JUST PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: JUST is expensive based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JUST forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
UK£2.18
0%
1.83%UK£2.20UK£2.09n/a6
Jun ’27n/a
UK£2.18
0%
1.83%UK£2.20UK£2.09n/a6
May ’27n/a
UK£2.18
0%
1.83%UK£2.20UK£2.09n/a6
Apr ’27UK£2.19
UK£2.18
-0.52%
1.83%UK£2.20UK£2.09n/a6
Mar ’27UK£2.17
UK£2.18
+0.53%
1.99%UK£2.20UK£2.09n/a5
Feb ’27UK£2.16
UK£2.18
+0.76%
1.99%UK£2.20UK£2.09n/a5
Jan ’27UK£2.16
UK£2.18
+0.94%
1.86%UK£2.20UK£2.09n/a6
Dec ’26UK£2.15
UK£2.18
+1.41%
1.86%UK£2.20UK£2.09n/a6
Nov ’26UK£2.13
UK£2.15
+1.39%
3.41%UK£2.20UK£2.00n/a7
Oct ’26UK£2.12
UK£2.15
+1.63%
3.41%UK£2.20UK£2.00n/a7
Sep ’26UK£2.12
UK£2.15
+1.87%
3.41%UK£2.20UK£2.00n/a7
Aug ’26UK£2.11
UK£1.96
-6.75%
10.21%UK£2.20UK£1.70n/a7
Jul ’26UK£1.32
UK£1.86
+40.58%
10.53%UK£2.19UK£1.65n/a8
Jun ’26UK£1.49
UK£1.86
+24.58%
10.53%UK£2.19UK£1.65n/a8
May ’26UK£1.42
UK£1.89
+33.01%
10.11%UK£2.19UK£1.70n/a7
Apr ’26UK£1.46
UK£1.91
+30.89%
9.44%UK£2.19UK£1.70UK£2.197
Mar ’26UK£1.67
UK£1.86
+11.55%
9.23%UK£2.19UK£1.70UK£2.177
Feb ’26UK£1.65
UK£1.86
+12.76%
9.23%UK£2.19UK£1.70UK£2.167
Jan ’26UK£1.62
UK£1.82
+12.07%
10.00%UK£2.19UK£1.70UK£2.167
Dec ’25UK£1.43
UK£1.69
+18.12%
10.41%UK£2.00UK£1.35UK£2.157
Nov ’25UK£1.36
UK£1.66
+22.09%
10.11%UK£1.90UK£1.30UK£2.137
Oct ’25UK£1.37
UK£1.63
+18.94%
14.21%UK£1.90UK£1.10UK£2.127
Sep ’25UK£1.43
UK£1.56
+9.70%
15.88%UK£1.90UK£1.10UK£2.127
Aug ’25UK£1.19
UK£1.44
+21.45%
12.97%UK£1.70UK£1.10UK£2.117
Jul ’25UK£1.05
UK£1.43
+36.57%
14.31%UK£1.70UK£1.05UK£1.327
Jun ’25UK£1.04
UK£1.38
+33.07%
13.91%UK£1.65UK£1.05UK£1.497
UK£2.18
Fair Value
0.5% overvalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/31 19:47
End of Day Share Price 2026/03/31 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

Just Group plc is covered by 12 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael HuttnerBerenberg
Benjamin CohenCanaccord Genuity
Farooq HanifJ.P. Morgan