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Belgian (BEL20) Real Estate Operating Companies Industry Analysis
UpdatedDec 15, 2025
DataAggregated Company Financials
Companies9
- 7D-1.7%
- 3M2.9%
- 1Y24.6%
- YTDn/a
Over the last 7 days, the Real Estate Operating Companies industry has dropped 3.9%, driven by a pullback from VGP of 4.2%. In the past year, the industry has gained 22%. As for the next few years, earnings are expected to grow by 11% per annum.
Industry Valuation and Performance
Has the Belgian Real Estate Operating Companies Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 16 Dec 2025 | €3.2b | €474.8m | €288.2m | 16.6x | 11.1x | 6.7x |
| Thu, 13 Nov 2025 | €3.4b | €474.8m | €288.2m | 17x | 11.8x | 7.2x |
| Sat, 11 Oct 2025 | €3.3b | €474.9m | €287.7m | 17x | 11.3x | 6.8x |
| Mon, 08 Sep 2025 | €3.1b | €469.4m | €287.6m | 16.9x | 10.9x | 6.7x |
| Wed, 06 Aug 2025 | €3.1b | €534.0m | €278.4m | 16.6x | 11.1x | 5.8x |
| Fri, 04 Jul 2025 | €2.9b | €534.0m | €278.4m | 15.6x | 10.5x | 5.5x |
| Sun, 01 Jun 2025 | €2.9b | €534.0m | €278.4m | 15.4x | 10.3x | 5.4x |
| Tue, 29 Apr 2025 | €2.7b | €534.2m | €278.9m | 15.2x | 9.7x | 5x |
| Thu, 27 Mar 2025 | €2.7b | €704.3m | €298.8m | 12x | 8.9x | 3.8x |
| Sat, 22 Feb 2025 | €2.7b | €376.8m | €277.8m | 9.9x | 9.6x | 7.1x |
| Mon, 20 Jan 2025 | €2.6b | €465.5m | €185.0m | 10.6x | 13.9x | 5.5x |
| Wed, 18 Dec 2024 | €2.5b | €464.6m | €183.1m | 10.4x | 13.5x | 5.3x |
| Fri, 15 Nov 2024 | €2.7b | €464.6m | €183.1m | 11.1x | 14.8x | 5.8x |
| Sun, 13 Oct 2024 | €3.1b | €464.6m | €183.1m | 12.7x | 16.7x | 6.6x |
| Tue, 10 Sep 2024 | €3.1b | €462.8m | €181.3m | 13x | 17.3x | 6.8x |
| Thu, 08 Aug 2024 | €3.2b | €299.5m | €20.7m | 14.1x | 156.7x | 10.8x |
| Sat, 06 Jul 2024 | €3.4b | €299.5m | €20.7m | 14.3x | 166x | 11.5x |
| Mon, 03 Jun 2024 | €3.5b | €299.5m | €20.7m | 13.8x | 170.2x | 11.8x |
| Wed, 01 May 2024 | €3.4b | €299.9m | €20.7m | 14.3x | 165.5x | 11.4x |
| Fri, 29 Mar 2024 | €3.5b | €299.9m | €17.1m | 12.4x | 206.9x | 11.8x |
| Sun, 25 Feb 2024 | €3.5b | €230.7m | -€284,288,144.00 | 15.5x | -12.4x | 15.3x |
| Tue, 23 Jan 2024 | €3.2b | €230.7m | -€284,288,144.00 | 16.3x | -11.4x | 14x |
| Thu, 21 Dec 2023 | €3.3b | €230.6m | -€284,254,144.00 | 16.4x | -11.6x | 14.3x |
| Sat, 18 Nov 2023 | €6.2b | €578.7m | €240.4m | 11.8x | 25.9x | 10.8x |
| Mon, 16 Oct 2023 | €6.0b | €578.7m | €240.4m | 11.3x | 24.8x | 10.3x |
| Wed, 13 Sep 2023 | €6.4b | €578.7m | €240.3m | 11.8x | 26.7x | 11.1x |
| Fri, 11 Aug 2023 | €7.1b | €568.6m | €480.5m | 14.3x | 14.7x | 12.4x |
| Sun, 09 Jul 2023 | €6.8b | €568.6m | €480.7m | 14.9x | 14.2x | 12x |
| Tue, 06 Jun 2023 | €7.2b | €568.6m | €480.7m | 16.5x | 14.9x | 12.6x |
| Thu, 04 May 2023 | €7.3b | €568.6m | €480.7m | 15.3x | 15.2x | 12.9x |
| Sat, 01 Apr 2023 | €6.8b | €573.4m | €490.3m | 12.7x | 14x | 11.9x |
| Mon, 27 Feb 2023 | €7.2b | €579.1m | €1.4b | 5.7x | 5.3x | 12.5x |
| Wed, 25 Jan 2023 | €7.2b | €585.5m | €1.4b | 5.1x | 5.3x | 12.4x |
| Fri, 23 Dec 2022 | €6.6b | €585.5m | €1.4b | 4.8x | 4.8x | 11.2x |
Price to Earnings Ratio
4.8x
Current Industry PE
- Investors are pessimistic on the Belgian Real Estate Operating Companies industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 11.1x which is lower than its 3-year average PE of 37.8x.
- The 3-year average PS ratio of 9.4x is higher than the industry's current PS ratio of 6.7x.
Past Earnings Growth
- The earnings for companies in the Real Estate Operating Companies industry have declined 41% per year over the last three years,
- Revenues have also declined 6.7% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Belgian Real Estate Operating Companies compare with similar industries?
| BE Market | -0.028% | |
| Real Estate | -1.13% | |
| Real Estate | -1.40% | |
| Real Estate Operating Companies | -1.67% | |
| Real Estate Development | 2.20% | |
| Diversified Real Estate | 0.16% | |
| Real Estate Services | 0% | 0 |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ZEN Immo-Zenobe Gramme | €216.00 | 0.9% +€126.3k | 6.9% | n/a |