GPT Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 GPT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GPT (A$4.49) is trading below our estimate of fair value (A$7.29)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

GPT 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/Revenue14.6x
Enterprise Value/EBITDA23.3x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for GPT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.3x
MGR Mirvac Group
3.9x-28.4%AU$9.1b
SGP Stockland
4.3x7.5%AU$11.4b
CHC Charter Hall Group
11.4x8.1%AU$6.4b
GOZ Growthpoint Properties Australia
5.9x3.7%AU$1.9b
GPT GPT Group
9.4x2.9%AU$8.6b

Price-To-Sales vs Peers: GPT is expensive based on its Price-To-Sales Ratio (9.4x) compared to the peer average (6.3x).


Price to Earnings Ratio vs Industry

How does GPT's PE Ratio compare vs other companies in the Global REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a30.6%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a30.6%
n/an/an/a
No more companies

Price-To-Sales vs Industry: GPT is expensive based on its Price-To-Sales Ratio (9.4x) compared to the Global REITs industry average (6.9x).


Price to Sales Ratio vs Fair Ratio

What is GPT'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.

GPT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio9.4x
Fair PS Ratio12x

Price-To-Sales vs Fair Ratio: GPT is good value based on its Price-To-Sales Ratio (9.4x) compared to the estimated Fair Price-To-Sales Ratio (12x).


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 GPT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$4.49
AU$4.68
+4.3%
7.5%AU$5.55AU$4.10n/a12
Mar ’25AU$4.29
AU$4.68
+9.1%
7.5%AU$5.55AU$4.10n/a12
Feb ’25AU$4.53
AU$4.68
+3.3%
9.0%AU$5.55AU$3.99n/a11
Jan ’25AU$4.64
AU$4.53
-2.4%
10.4%AU$5.55AU$3.99n/a11
Dec ’24AU$4.10
AU$4.51
+10.1%
10.0%AU$5.55AU$3.99n/a12
Nov ’24AU$3.70
AU$4.62
+24.8%
9.2%AU$5.55AU$4.10n/a12
Oct ’24AU$3.90
AU$4.76
+22.1%
8.7%AU$5.55AU$4.10n/a12
Sep ’24AU$4.17
AU$4.77
+14.5%
8.4%AU$5.55AU$4.10n/a13
Aug ’24AU$4.34
AU$4.77
+10.0%
7.4%AU$5.40AU$4.10n/a13
Jul ’24AU$4.14
AU$4.85
+17.1%
6.9%AU$5.40AU$4.10n/a13
Jun ’24AU$4.17
AU$4.85
+16.3%
6.9%AU$5.40AU$4.10n/a13
May ’24AU$4.45
AU$4.94
+11.1%
4.6%AU$5.40AU$4.48n/a12
Apr ’24AU$4.24
AU$4.93
+16.2%
4.7%AU$5.40AU$4.48n/a12
Mar ’24AU$4.60
AU$4.91
+6.6%
4.6%AU$5.40AU$4.48AU$4.2914
Feb ’24AU$4.61
AU$4.77
+3.6%
6.2%AU$5.40AU$4.12AU$4.5314
Jan ’24AU$4.20
AU$4.77
+13.6%
6.6%AU$5.40AU$4.12AU$4.6415
Dec ’23AU$4.50
AU$4.77
+6.0%
6.6%AU$5.40AU$4.12AU$4.1015
Nov ’23AU$4.42
AU$4.84
+9.5%
5.3%AU$5.40AU$4.40AU$3.7015
Oct ’23AU$3.83
AU$4.84
+26.4%
5.3%AU$5.40AU$4.40AU$3.9015
Sep ’23AU$4.12
AU$4.84
+17.4%
5.3%AU$5.40AU$4.40AU$4.1715
Aug ’23AU$4.53
AU$4.94
+9.1%
9.0%AU$6.11AU$4.30AU$4.3415
Jul ’23AU$4.30
AU$5.07
+18.0%
7.8%AU$6.11AU$4.30AU$4.1415
Jun ’23AU$4.83
AU$5.41
+12.1%
5.8%AU$6.11AU$4.90AU$4.1715
May ’23AU$5.09
AU$5.48
+7.7%
5.0%AU$6.11AU$4.90AU$4.4515
Apr ’23AU$5.23
AU$5.46
+4.4%
5.9%AU$6.11AU$4.60AU$4.2415
Mar ’23AU$4.95
AU$5.47
+10.6%
6.0%AU$6.11AU$4.60AU$4.6015

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


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