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Belgian (BEL20) Real Estate Operating Companies Industry Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies9
  • 7D-5.6%
  • 3M-0.6%
  • 1Y29.2%
  • YTDn/a

Over the last 7 days, the Real Estate Operating Companies industry has dropped 4.2%, driven by a pullback from VGP of 5.0%. Over the past 12 months, the industry was up 29%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the Belgian Real Estate Operating Companies Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Mar 2026€3.3b€502.5m€254.0m22.5x13x6.6x
Sun, 01 Feb 2026€3.4b€474.8m€288.2m17.8x11.7x7.1x
Tue, 30 Dec 2025€3.2b€474.8m€288.2m17.9x11.2x6.8x
Thu, 27 Nov 2025€3.3b€474.8m€288.2m17x11.6x7.1x
Sat, 25 Oct 2025€3.5b€474.8m€288.2m17.3x12x7.3x
Mon, 22 Sep 2025€3.1b€474.9m€287.7m17x10.9x6.6x
Wed, 20 Aug 2025€3.1b€534.0m€278.4m16.4x11.3x5.9x
Fri, 18 Jul 2025€3.1b€534.0m€278.4m16.8x11x5.7x
Sun, 15 Jun 2025€2.8b€534.0m€278.4m15.3x9.9x5.2x
Tue, 13 May 2025€2.8b€534.5m€278.8m15x9.9x5.2x
Thu, 10 Apr 2025€2.4b€531.3m€298.8m11.8x8x4.5x
Sat, 08 Mar 2025€2.6b€704.5m€298.8m12.1x8.7x3.7x
Mon, 03 Feb 2025€2.8b€465.5m€185.0m11.6x14.9x5.9x
Wed, 01 Jan 2025€2.5b€465.5m€185.0m10.6x13.3x5.3x
Fri, 29 Nov 2024€2.7b€416.0m€76.2m17.6x35.4x6.5x
Sun, 27 Oct 2024€2.8b€464.6m€183.1m11.3x15.2x6x
Tue, 24 Sep 2024€3.1b€464.0m€181.8m12.9x17.1x6.7x
Thu, 22 Aug 2024€3.3b€299.5m€20.7m14.1x159.8x11x
Sat, 20 Jul 2024€3.5b€299.5m€20.7m14.1x168x11.6x
Mon, 17 Jun 2024€3.4b€299.5m€20.7m14.1x162.7x11.2x
Wed, 15 May 2024€3.6b€299.9m€20.7m14.1x174.3x12x
Fri, 12 Apr 2024€3.4b€299.9m€17.1m13.3x198.1x11.3x
Sun, 10 Mar 2024€3.5b€299.7m€17.1m12.2x202.3x11.5x
Tue, 06 Feb 2024€3.6b€230.7m-€284,288,144.0016.1x-12.5x15.4x
Thu, 04 Jan 2024€3.2b€230.6m-€284,254,144.0016.1x-11.1x13.7x
Sat, 02 Dec 2023€6.6b€578.7m€240.4m11.7x27.5x11.4x
Mon, 30 Oct 2023€5.6b€578.7m€240.4m11x23.2x9.6x
Wed, 27 Sep 2023€6.1b€578.7m€240.3m11.6x25.4x10.5x
Fri, 25 Aug 2023€6.5b€600.4m€368.2m14.5x17.8x10.9x
Sun, 23 Jul 2023€6.8b€568.6m€480.5m14.6x14.1x11.9x
Tue, 20 Jun 2023€7.0b€568.6m€480.7m16.2x14.5x12.2x
Thu, 18 May 2023€7.2b€568.6m€480.7m15.9x15x12.7x
Sat, 15 Apr 2023€7.5b€575.8m€491.7m11.7x15.2x13x
Mon, 13 Mar 2023€6.8b€594.7m€490.3m12.5x13.8x11.4x
Price to Earnings Ratio

13.8x


Total Market Cap: €6.8bTotal Earnings: €490.3mTotal Revenue: €594.7mTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Real Estate Operating Companies Industry Price to Earnings3Y Average 38.2x202420252026
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 13.2x which is lower than its 3-year average PE of 38.2x.
  • The 3-year average PS ratio of 9.0x 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 20% per year over the last three years,
  • Revenues have also declined 5.5% 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-3.14%
Real Estate-5.91%
Real Estate-5.42%
Real Estate Operating Companies-5.61%
Real Estate Services9.68%
Diversified Real Estate1.90%
Real Estate Development-3.47%
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?

CompanyLast Price7D1YValuation
TEXF Texaf€38.002.7%
+€3.7m
15.9%PE18.5x
ATEB Atenor€2.591.6%
+€2.4m
-11.0%PS0.7x
SOFT Softimat€0.806.7%
+€184.2k
-13.5%PS4x

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