The GPT Group

ASX:GPT Stock Report

Market Cap: AU$8.9b

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$4.66) is trading below our estimate of fair value (A$6.53)

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?

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

The above table shows the Price to Sales ratio for GPT. This is calculated by dividing GPT's market cap by their current revenue.
What is GPT's PS Ratio?
PS Ratio9.4x
SalesAU$951.20m
Market CapAU$8.93b

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 Average6.1x
MGR Mirvac Group
2.6x-44.9%AU$7.8b
SGP Stockland
4x9.5%AU$11.9b
CHC Charter Hall Group
11.9x10.1%AU$7.1b
GOZ Growthpoint Properties Australia
6x5.0%AU$1.9b
GPT GPT Group
9.4x1.8%AU$8.9b

Price-To-Sales vs Peers: GPT is expensive based on its Price-To-Sales Ratio (9.4x) compared to the peer average (6.1x).

Price to Sales Ratio vs Industry

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

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
GPT 9.4xIndustry Avg. 6.4xNo. of Companies30PS048121620+
11 CompaniesEstimated GrowthMarket Cap
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 (6.4x).

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 Ratio10.9x

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 (10.9x).

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$4.66
AU$5.16
+10.7%
8.7%AU$6.15AU$4.50n/a10
Dec ’25AU$4.76
AU$5.17
+8.5%
8.5%AU$6.15AU$4.50n/a10
Nov ’25AU$4.71
AU$5.17
+9.7%
8.5%AU$6.15AU$4.50n/a10
Oct ’25AU$4.98
AU$5.06
+1.6%
6.5%AU$5.60AU$4.50n/a10
Sep ’25AU$4.92
AU$4.85
-1.3%
7.6%AU$5.55AU$4.10n/a11
Aug ’25AU$4.66
AU$4.73
+1.6%
7.7%AU$5.55AU$4.10n/a11
Jul ’25AU$4.02
AU$4.72
+17.5%
7.7%AU$5.55AU$4.10n/a11
Jun ’25AU$4.19
AU$4.71
+12.4%
7.7%AU$5.55AU$4.10n/a11
May ’25AU$4.13
AU$4.70
+13.8%
7.4%AU$5.55AU$4.10n/a12
Apr ’25AU$4.57
AU$4.68
+2.5%
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$3.99AU$4.7612
Nov ’24AU$3.70
AU$4.62
+24.8%
9.2%AU$5.55AU$4.10AU$4.7112
Oct ’24AU$3.90
AU$4.76
+22.1%
8.7%AU$5.55AU$4.10AU$4.9812
Sep ’24AU$4.17
AU$4.77
+14.5%
8.4%AU$5.55AU$4.10AU$4.9213
Aug ’24AU$4.34
AU$4.77
+10.0%
7.4%AU$5.40AU$4.10AU$4.6613
Jul ’24AU$4.14
AU$4.85
+17.1%
6.9%AU$5.40AU$4.10AU$4.0213
Jun ’24AU$4.17
AU$4.85
+16.3%
6.9%AU$5.40AU$4.10AU$4.1913
May ’24AU$4.45
AU$4.94
+11.1%
4.6%AU$5.40AU$4.48AU$4.1312
Apr ’24AU$4.24
AU$4.93
+16.2%
4.7%AU$5.40AU$4.48AU$4.5712
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 14:52
End of Day Share Price 2024/12/24 00:00
Earnings2024/06/30
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

The GPT Group is covered by 25 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightAPP Securities Pty Ltd.
Benjamin BrayshawBarrenjoey Markets Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited