Graphisoft Park SE Ingatlanfejleszto Európai Részvénytársaság's (BUSE:GSPARK) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 19
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Hungarian (BUX) Real Estate Sector Analysis
UpdatedNov 24, 2025
DataAggregated Company Financials
Companies8
- 7D1.6%
- 3M-3.4%
- 1Y-2.1%
- YTD-1.5%
In the last week, the Real Estate industry is up 1.6%, with Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt up 3.3%. Despite this gain, the industry's performance has been flat over the past year.
Sector Valuation and Performance
Has the Hungarian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 30 Nov 2025 | Ft276.1b | Ft74.9b | Ft19.9b | 8.6x | 13.9x | 3.7x |
| Tue, 28 Oct 2025 | Ft279.6b | Ft75.0b | Ft19.9b | 10.1x | 14x | 3.7x |
| Thu, 25 Sep 2025 | Ft479.8b | Ft87.2b | Ft18.0b | 9.9x | 26.7x | 5.5x |
| Sat, 23 Aug 2025 | Ft499.2b | Ft85.1b | Ft19.5b | 10.4x | 25.6x | 5.9x |
| Mon, 21 Jul 2025 | Ft485.2b | Ft94.5b | Ft20.5b | 10.9x | 23.6x | 5.1x |
| Wed, 18 Jun 2025 | Ft280.1b | Ft84.2b | Ft21.8b | 10.2x | 12.9x | 3.3x |
| Fri, 16 May 2025 | Ft352.5b | Ft92.4b | Ft32.4b | 9.7x | 10.9x | 3.8x |
| Sun, 13 Apr 2025 | Ft366.7b | Ft87.6b | Ft38.1b | 9.3x | 9.6x | 4.2x |
| Tue, 11 Mar 2025 | Ft379.0b | Ft87.4b | Ft37.8b | 10x | 10x | 4.3x |
| Thu, 06 Feb 2025 | Ft341.3b | Ft85.4b | Ft38.3b | 10.1x | 8.9x | 4x |
| Sat, 04 Jan 2025 | Ft2.9t | Ft77.6b | Ft27.8b | 11.6x | 105x | 37.6x |
| Mon, 02 Dec 2024 | Ft513.8b | Ft97.4b | Ft26.4b | 11.4x | 19.4x | 5.3x |
| Wed, 30 Oct 2024 | Ft513.1b | Ft94.5b | Ft25.9b | 11.3x | 19.8x | 5.4x |
| Fri, 27 Sep 2024 | Ft514.0b | Ft95.2b | Ft25.0b | 13x | 20.6x | 5.4x |
| Sun, 25 Aug 2024 | Ft305.8b | Ft69.6b | Ft24.3b | 12.7x | 12.6x | 4.4x |
| Tue, 23 Jul 2024 | Ft318.8b | Ft69.5b | Ft24.2b | 12.9x | 13.2x | 4.6x |
| Thu, 20 Jun 2024 | Ft500.8b | Ft90.5b | Ft24.3b | 11.7x | 20.6x | 5.5x |
| Sat, 18 May 2024 | Ft483.7b | Ft97.1b | Ft24.0b | 11.2x | 20.2x | 5x |
| Mon, 15 Apr 2024 | Ft534.3b | Ft81.1b | Ft23.9b | 13.3x | 22.3x | 6.6x |
| Wed, 13 Mar 2024 | Ft502.4b | Ft78.6b | Ft17.9b | 13.2x | 28.1x | 6.4x |
| Fri, 09 Feb 2024 | Ft495.3b | Ft78.3b | Ft17.5b | 13.1x | 28.3x | 6.3x |
| Sun, 07 Jan 2024 | Ft480.1b | Ft79.3b | Ft17.4b | 13.1x | 27.6x | 6.1x |
| Tue, 05 Dec 2023 | Ft358.8b | Ft79.3b | Ft17.4b | 12x | 20.6x | 4.5x |
| Thu, 02 Nov 2023 | Ft358.4b | Ft80.6b | Ft17.8b | 10.8x | 20.1x | 4.4x |
| Sat, 30 Sep 2023 | Ft353.5b | Ft79.8b | Ft21.1b | 10.6x | 16.8x | 4.4x |
| Mon, 28 Aug 2023 | Ft325.6b | Ft81.0b | Ft21.5b | 9.2x | 15.1x | 4x |
| Wed, 26 Jul 2023 | Ft270.4b | Ft76.7b | Ft21.4b | 8x | 12.6x | 3.5x |
| Fri, 23 Jun 2023 | Ft271.5b | Ft76.6b | Ft21.3b | 8.2x | 12.7x | 3.5x |
| Sun, 21 May 2023 | Ft280.0b | Ft58.4b | Ft21.2b | 8.7x | 13.2x | 4.8x |
| Tue, 18 Apr 2023 | Ft243.4b | Ft56.5b | Ft20.5b | 9.2x | 11.9x | 4.3x |
| Thu, 16 Mar 2023 | Ft278.8b | Ft56.4b | Ft20.2b | 9.9x | 13.8x | 4.9x |
| Sat, 11 Feb 2023 | Ft435.0b | Ft62.3b | Ft23.9b | 8.5x | 18.2x | 7x |
| Mon, 09 Jan 2023 | Ft491.6b | Ft44.4b | Ft10.7b | 8.4x | 46x | 11.1x |
| Wed, 07 Dec 2022 | Ft496.9b | Ft61.5b | Ft19.5b | 10.1x | 25.5x | 8.1x |
Price to Earnings Ratio
25.5x
Current Industry PE
- Investors are pessimistic on the Hungarian Real Estate 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 13.9x which is lower than its 3-year average PE of 20.8x.
- The 3-year average PS ratio of 6.0x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 6.8% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Hungarian Real Estate sector?
| HU Market | 1.41% | |
| Real Estate | 1.58% | |
| Real Estate | 1.19% | |
| Retail REITs | 0% | 0 |
Industry PE
- Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 20.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 20.8x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BIF Budapesti Ingatlan Hasznosítási és Fejlesztési Nyrt | Ft379.00 | 3.3% +Ft3.2b | -25.1% | PE9.9x | |
| SPLUS Shopper Park Plus Nyilvánosan Muködo Részvénytársaság | €11.90 | 3.5% +€6.0m | 3.5% | PB0.8x | |
| GSPARK Graphisoft Park SE Ingatlanfejleszto Európai Részvénytársaság | €13.40 | 2.3% +€3.0m | 19.6% | PE8.8x | |
| DUNAHOUSE Duna House Holding Nyrt | Ft1.40k | 1.8% +Ft853.8m | 48.9% | PE14.4x | |
| MULTIHOME Multihome Ingatlanforgalmazo Zartkoruen Mukodo Reszvenytarsasag | Ft2.00 | 4.2% +Ft238.4m | -78.7% | n/a |
