The GPT Group

CHIA: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$4.67) is trading below our estimate of fair value (A$6.44)

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$8.95b

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 Average6.2x
MGR Mirvac Group
2.7x-44.9%AU$8.4b
SGP Stockland
4.1x9.4%AU$12.3b
CHC Charter Hall Group
12.1x8.5%AU$7.4b
GOZ Growthpoint Properties Australia
6x5.0%AU$1.9b
GPT GPT Group
9.4x1.9%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 (6.3x).

Price to Sales Ratio vs Industry

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

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
GPT 9.4xIndustry Avg. 6.2xNo. of Companies31PS048121620+
10 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 (6.3x).

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 Ratio11x

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 (11x).

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$4.67
AU$5.17
+10.6%
8.5%AU$6.15AU$4.50n/a10
Nov ’25AU$4.73
AU$5.17
+9.2%
8.5%AU$6.15AU$4.50n/a10
Oct ’25AU$4.99
AU$5.06
+1.4%
6.5%AU$5.60AU$4.50n/a10
Sep ’25AU$4.90
AU$4.85
-0.9%
7.6%AU$5.55AU$4.10n/a11
Aug ’25AU$4.67
AU$4.73
+1.4%
7.7%AU$5.55AU$4.10n/a11
Jul ’25AU$4.00
AU$4.72
+18.0%
7.7%AU$5.55AU$4.10n/a11
Jun ’25AU$4.23
AU$4.71
+11.3%
7.7%AU$5.55AU$4.10n/a11
May ’25AU$4.15
AU$4.70
+13.4%
7.4%AU$5.55AU$4.10n/a12
Apr ’25AU$4.58
AU$4.68
+2.2%
7.5%AU$5.55AU$4.10n/a12
Mar ’25AU$4.28
AU$4.68
+9.4%
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$4.63
AU$4.53
-2.2%
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$3.69
AU$4.62
+25.2%
9.2%AU$5.55AU$4.10AU$4.7312
Oct ’24AU$3.92
AU$4.76
+21.4%
8.7%AU$5.55AU$4.10AU$4.9912
Sep ’24AU$4.16
AU$4.77
+14.8%
8.4%AU$5.55AU$4.10AU$4.9013
Aug ’24AU$4.33
AU$4.77
+10.3%
7.4%AU$5.40AU$4.10AU$4.6713
Jul ’24AU$4.14
AU$4.85
+17.1%
6.9%AU$5.40AU$4.10AU$4.0013
Jun ’24AU$4.16
AU$4.85
+16.6%
6.9%AU$5.40AU$4.10AU$4.2313
May ’24AU$4.46
AU$4.94
+11.0%
4.6%AU$5.40AU$4.48AU$4.1512
Apr ’24AU$4.24
AU$4.93
+16.2%
4.7%AU$5.40AU$4.48AU$4.5812
Mar ’24AU$4.61
AU$4.91
+6.4%
4.6%AU$5.40AU$4.48AU$4.2814
Feb ’24AU$4.61
AU$4.77
+3.6%
6.2%AU$5.40AU$4.12AU$4.5314
Jan ’24AU$4.24
AU$4.77
+12.5%
6.6%AU$5.40AU$4.12AU$4.6315
Dec ’23AU$4.47
AU$4.77
+6.7%
6.6%AU$5.40AU$4.12AU$4.1015
Nov ’23AU$4.39
AU$4.84
+10.2%
5.3%AU$5.40AU$4.40AU$3.6915

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

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