We’ve recently updated our valuation analysis.

Perpetual Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

PPT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.2x
Enterprise Value/EBITDA17.5x
PEG Ratio1.3x

Price to Earnings Ratio vs Peers

How does PPT's PE Ratio compare to its peers?

The above table shows the PE ratio for PPT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.9x
BKI BKI Investment
16.9xn/aAU$1.4b
PDL Pendal Group
16.5x1.7%AU$1.9b
AUI Australian United Investment
17.8xn/aAU$1.3b
MFG Magellan Financial Group
4.3x-29.7%AU$1.7b
PPT Perpetual
28.7x21.9%AU$3.0b

Price-To-Earnings vs Peers: PPT is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the peer average (13.9x).


Price to Earnings Ratio vs Industry

How does PPT's PE Ratio compare vs other companies in the AU Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.6%
n/an/an/a

Price-To-Earnings vs Industry: PPT is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the Australian Capital Markets industry average (17.3x)


Price to Earnings Ratio vs Fair Ratio

What is PPT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PPT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.7x
Fair PE Ratio19.4x

Price-To-Earnings vs Fair Ratio: PPT is expensive based on its Price-To-Earnings Ratio (28.7x) compared to the estimated Fair Price-To-Earnings Ratio (19.4x).


Share Price vs Fair Value

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

Below Fair Value: PPT (A$26.08) is trading below our estimate of fair value (A$38.11)

Significantly Below Fair Value: PPT is trading below fair value by more than 20%.


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 PPT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$26.08
AU$30.06
+15.3%
9.9%AU$36.09AU$26.30n/a12
Jan ’24AU$24.60
AU$30.28
+23.1%
14.5%AU$38.73AU$22.00n/a12
Dec ’23AU$25.21
AU$30.33
+20.3%
15.1%AU$38.73AU$22.00n/a11
Nov ’23AU$25.49
AU$30.54
+19.8%
16.0%AU$38.80AU$22.00n/a12
Oct ’23AU$23.59
AU$32.67
+38.5%
11.1%AU$39.80AU$29.10n/a12
Sep ’23AU$27.06
AU$33.27
+23.0%
13.9%AU$43.37AU$29.10n/a12
Aug ’23AU$30.27
AU$34.31
+13.3%
16.0%AU$43.37AU$24.00n/a11
Jul ’23AU$29.26
AU$37.72
+28.9%
11.8%AU$43.37AU$30.90n/a11
Jun ’23AU$32.84
AU$38.91
+18.5%
9.9%AU$43.37AU$31.95n/a11
May ’23AU$32.99
AU$38.83
+17.7%
10.2%AU$43.37AU$31.95n/a11
Apr ’23AU$34.23
AU$39.28
+14.8%
9.1%AU$45.00AU$33.60n/a11
Mar ’23AU$36.01
AU$39.37
+9.3%
9.3%AU$45.00AU$33.60n/a11
Feb ’23AU$33.94
AU$39.01
+14.9%
10.4%AU$44.00AU$30.40n/a10
Jan ’23AU$35.97
AU$40.37
+12.2%
6.5%AU$45.00AU$36.40AU$24.6010
Dec ’22AU$33.93
AU$40.46
+19.2%
6.7%AU$45.00AU$36.40AU$25.2110
Nov ’22AU$38.20
AU$41.25
+8.0%
6.8%AU$45.07AU$36.40AU$25.4910
Oct ’22AU$36.97
AU$40.28
+8.9%
7.5%AU$45.00AU$35.00AU$23.5910
Sep ’22AU$41.66
AU$40.03
-3.9%
7.0%AU$45.00AU$35.00AU$27.0612
Aug ’22AU$37.52
AU$38.96
+3.8%
7.7%AU$44.30AU$34.50AU$30.2712
Jul ’22AU$39.60
AU$38.04
-3.9%
9.4%AU$44.30AU$31.50AU$29.2613
Jun ’22AU$37.80
AU$37.74
-0.2%
8.7%AU$44.30AU$31.50AU$32.8413
May ’22AU$34.65
AU$37.16
+7.2%
9.8%AU$44.30AU$31.50AU$32.9913
Apr ’22AU$33.03
AU$36.32
+10.0%
10.2%AU$44.30AU$31.50AU$34.2313
Mar ’22AU$31.31
AU$36.28
+15.9%
10.6%AU$44.30AU$31.50AU$36.0112
Feb ’22AU$31.91
AU$37.54
+17.7%
10.7%AU$44.30AU$31.00AU$33.9411
Jan ’22AU$34.76
AU$37.35
+7.5%
10.7%AU$45.40AU$31.00AU$35.9711

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies