TAG Immobilien AG

WBAG:TEG Stock Report

Market Cap: €2.5b

TAG Immobilien Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: TEG (€14.28) is trading above our estimate of fair value (€2.98)

Significantly Below Fair Value: TEG is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for TEG. This is calculated by dividing TEG's market cap by their current revenue.
What is TEG's PS Ratio?
PS Ratio1.8x
Sales€1.38b
Market Cap€2.50b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TEG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average10.3x
IIA IMMOFINANZ
2.7x2.5%€2.1b
CAI CA Immobilien Anlagen
6.5x-10.0%€2.3b
ATH Athos Immobilien
10xn/a€78.5m
STM Stadlauer Malzfabrik
22.1xn/a€28.0m
TEG TAG Immobilien
1.8x-26.9%€2.5b

Price-To-Sales vs Peers: TEG is good value based on its Price-To-Sales Ratio (1.8x) compared to the peer average (10.3x).

Price to Sales Ratio vs Industry

How does TEG's PS Ratio compare vs other companies in the European Real Estate Industry?

62 CompaniesPrice / SalesEstimated GrowthMarket Cap
TEG 1.8xIndustry Avg. 5.0xNo. of Companies62PS03.26.49.612.816+
62 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TEG is good value based on its Price-To-Sales Ratio (1.8x) compared to the European Real Estate industry average (4.9x).

Price to Sales Ratio vs Fair Ratio

What is TEG'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.

TEG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.8x
Fair PS Ratio1.1x

Price-To-Sales vs Fair Ratio: TEG is expensive based on its Price-To-Sales Ratio (1.8x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).

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 TEG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€14.28
€17.11
+19.8%
16.1%€22.00€13.00n/a11
Dec ’25€15.72
€17.02
+8.3%
15.6%€22.00€13.00n/a11
Nov ’25€15.25
€16.80
+10.2%
16.0%€22.00€13.00n/a11
Oct ’25€16.84
€15.75
-6.5%
17.8%€22.00€11.30n/a11
Sep ’25€14.92
€14.40
-3.5%
12.5%€16.50€11.00n/a10
Aug ’25€14.46
€14.20
-1.8%
11.7%€16.00€11.00n/a10
Jul ’25€13.98
€13.95
-0.2%
11.2%€16.00€11.00n/a10
Jun ’25€14.23
€13.18
-7.4%
13.4%€15.50€10.50n/a11
May ’25€13.36
€12.97
-2.9%
12.3%€15.00€10.50n/a11
Apr ’25€12.69
€12.97
+2.3%
12.3%€15.00€10.50n/a11
Mar ’25€11.53
€12.41
+7.6%
17.2%€15.00€8.00n/a11
Feb ’25€12.50
€12.41
-0.7%
17.2%€15.00€8.00n/a11
Jan ’25€13.24
€10.67
-19.4%
17.3%€14.00€8.00€14.3011
Dec ’24€12.93
€10.48
-18.9%
17.9%€14.00€8.00€15.7212
Nov ’24€10.51
€10.15
-3.5%
17.2%€14.00€8.00€15.2511
Oct ’24€9.90
€9.96
+0.6%
20.5%€14.00€6.00€16.8411
Sep ’24€10.45
€9.55
-8.5%
23.1%€14.00€6.00€14.9211
Aug ’24€10.11
€9.70
-4.1%
26.0%€15.60€6.00€14.4611
Jul ’24€8.65
€9.85
+13.8%
28.3%€15.60€6.00€13.9811
Jun ’24€7.56
€9.89
+30.8%
28.4%€15.60€6.00€14.2311
May ’24€7.75
€10.09
+30.1%
28.6%€15.60€6.00€13.3611
Apr ’24€6.38
€10.09
+58.3%
28.6%€15.60€6.00€12.6911
Mar ’24€7.33
€10.18
+38.9%
27.8%€15.60€6.00€11.5311
Feb ’24€8.13
€10.23
+25.9%
27.6%€15.60€6.00€12.5011
Jan ’24€6.05
€11.75
+94.5%
40.9%€23.00€5.50€13.2411

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 19:46
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

TAG Immobilien AG is covered by 29 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michiel de JongeABN AMRO Bank N.V.
Andre RemkeBaader Helvea Equity Research
Georg KandersBankhaus Lampe KG