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Belgian (BEL20) Real Estate Operating Companies Industry Analysis

UpdatedJan 31, 2025
DataAggregated Company Financials
Companies9
  • 7D4.7%
  • 3M2.5%
  • 1Y-22.8%
  • YTDn/a

In the last week, the Real Estate Operating Companies industry is up 3.6%, with VGP up 4.4%. In contrast, the industry has lost 26% in the last 12 months. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 31 Jan 2025€2.7b€465.5m€185.0m11.5x14.5x5.8x
Sun, 29 Dec 2024€2.5b€465.5m€185.0m10.6x13.3x5.3x
Tue, 26 Nov 2024€2.7b€464.6m€183.1m11.1x14.7x5.8x
Thu, 24 Oct 2024€2.8b€464.6m€183.1m11.5x15.3x6x
Sat, 21 Sep 2024€3.1b€463.5m€181.8m12.9x17.1x6.7x
Mon, 19 Aug 2024€3.3b€299.5m€20.7m14.1x159.3x11x
Wed, 17 Jul 2024€3.5b€299.5m€20.7m14.3x169.2x11.7x
Fri, 14 Jun 2024€3.5b€299.5m€20.7m14.1x166.8x11.5x
Sun, 12 May 2024€3.6b€299.9m€20.7m14.6x172.1x11.9x
Tue, 09 Apr 2024€3.5b€299.9m€17.1m13.2x203.4x11.6x
Thu, 07 Mar 2024€3.3b€317.1m€21.1m12.5x157.7x10.5x
Sat, 03 Feb 2024€3.6b€230.7m-€284,288,144.0016.1x-12.6x15.5x
Mon, 01 Jan 2024€3.3b€230.6m-€284,254,144.0016.4x-11.5x14.2x
Wed, 29 Nov 2023€6.3b€578.7m€240.4m11.7x26.2x10.9x
Fri, 27 Oct 2023€5.5b€578.7m€240.4m11x22.8x9.5x
Sun, 24 Sep 2023€6.3b€578.7m€240.3m11.6x26.3x10.9x
Tue, 22 Aug 2023€6.6b€600.4m€368.2m14.3x18x11x
Thu, 20 Jul 2023€6.8b€568.6m€480.5m14.5x14.2x12x
Sat, 17 Jun 2023€7.1b€568.6m€480.7m16.2x14.7x12.4x
Mon, 15 May 2023€7.2b€568.6m€480.7m16.1x15x12.7x
Wed, 12 Apr 2023€7.2b€573.4m€490.3m12.9x14.6x12.5x
Fri, 10 Mar 2023€6.9b€567.8m€604.9m18.5x11.3x12.1x
Sun, 05 Feb 2023€7.5b€585.5m€1.4b5.1x5.5x12.8x
Tue, 03 Jan 2023€6.9b€585.5m€1.4b4.9x5x11.7x
Thu, 01 Dec 2022€6.5b€585.5m€1.4b4.9x4.8x11.1x
Sat, 29 Oct 2022€6.4b€585.5m€1.4b5.1x4.7x10.9x
Mon, 26 Sep 2022€6.5b€585.5m€1.4b5.2x4.8x11.2x
Wed, 24 Aug 2022€8.7b€685.9m€1.4b7.3x6.1x12.7x
Fri, 22 Jul 2022€8.6b€668.5m€1.2b8.4x7.1x12.8x
Sun, 19 Jun 2022€8.6b€668.5m€1.2b8x7.1x12.9x
Tue, 17 May 2022€9.2b€668.5m€1.2b7.9x7.6x13.7x
Thu, 14 Apr 2022€11.3b€854.6m€1.2b9.6x9.4x13.2x
Sat, 12 Mar 2022€10.3b€889.8m€1.2b9.5x8.6x11.6x
Mon, 07 Feb 2022€10.4b€603.3m€730.7m14.4x14.2x17.2x
Price to Earnings Ratio

14.2x


Total Market Cap: €10.4bTotal Earnings: €730.7mTotal Revenue: €603.3mTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Real Estate Operating Companies Industry Price to Earnings3Y Average 36.8x202320242025
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 14.5x which is lower than its 3-year average PE of 36.8x.
  • The 3-year average PS ratio of 11.5x is higher than the industry's current PS ratio of 5.8x.
Past Earnings Growth
  • The earnings for companies in the Real Estate Operating Companies industry have declined 37% per year over the last three years,
  • Revenues have also declined 8.3% 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 Market2.13%
Real Estate2.37%
Real Estate4.38%
Real Estate Operating Companies4.72%
Diversified Real Estate0%0
Real Estate Development0%0
Real Estate Services-3.85%
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
VGP VGP€81.806.0%
+€125.5m
-23.6%PE11.5x
INCLU Inclusio€14.804.6%
+€4.8m
19.8%PE3.3x
ACCB Accentis€0.0315.1%
+€1.9m
8.4%PE19.4x
IEP Iep Invest€5.302.9%
+€1.4m
-0.9%PE30.1x
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