Guardian Capital Group Limited

TSX:GCG.A Stock Report

Market Cap: CA$940.8m

Guardian Capital Group Valuation

Is GCG.A 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: GCG.A (CA$40.97) is trading above our estimate of fair value (CA$34.84)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GCG.A?

Key metric: As GCG.A is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GCG.A. This is calculated by dividing GCG.A's market cap by their current earnings.
What is GCG.A's PE Ratio?
PE Ratio9.2x
EarningsCA$103.35m
Market CapCA$940.83m

Price to Earnings Ratio vs Peers

How does GCG.A's PE Ratio compare to its peers?

The above table shows the PE ratio for GCG.A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.2x
AD.UN Alaris Equity Partners Income Trust
4.5x-36.9%CA$884.0m
AGF.B AGF Management
8.2x-7.7%CA$710.1m
FSZ Fiera Capital
16.2x-9.7%CA$1.0b
SII Sprott
23.7xn/aCA$1.6b
GCG.A Guardian Capital Group
9.2xn/aCA$940.8m

Price-To-Earnings vs Peers: GCG.A is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (13.2x).

Price to Earnings Ratio vs Industry

How does GCG.A's PE Ratio compare vs other companies in the CA Capital Markets Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MAR.UN Marwest Apartment Real Estate Investment Trust
0.8xn/aUS$10.75m
INXD INX Digital Company
0.2xn/aUS$10.14m
CSOC.A Canso Select Opportunities
2.3xn/aUS$9.60m
ZC Zimtu Capital
2.3xn/aUS$1.82m
GCG.A 9.2xIndustry Avg. 11.6xNo. of Companies9PE01224364860+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GCG.A is good value based on its Price-To-Earnings Ratio (9.2x) compared to the Canadian Capital Markets industry average (11.6x).

Price to Earnings Ratio vs Fair Ratio

What is GCG.A'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.

GCG.A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GCG.A's Price-To-Earnings Fair Ratio for valuation analysis.

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 GCG.A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$40.97
CA$49.67
+21.2%
9.1%CA$55.00CA$44.00n/a3
Nov ’25CA$39.95
CA$49.67
+24.3%
9.1%CA$55.00CA$44.00n/a3
Oct ’25CA$40.71
CA$50.67
+24.5%
6.5%CA$55.00CA$47.00n/a3
Sep ’25CA$41.39
CA$50.67
+22.4%
6.5%CA$55.00CA$47.00n/a3
Aug ’25CA$43.88
CA$53.00
+20.8%
8.0%CA$56.00CA$47.00n/a3
Jul ’25CA$43.02
CA$55.00
+27.8%
1.5%CA$56.00CA$54.00n/a3
Jun ’25CA$44.65
CA$55.00
+23.2%
1.5%CA$56.00CA$54.00n/a3
May ’25CA$45.69
CA$56.00
+22.6%
2.9%CA$58.00CA$54.00n/a3
Apr ’25CA$48.55
CA$56.00
+15.3%
2.9%CA$58.00CA$54.00n/a3
Mar ’25CA$51.00
CA$56.00
+9.8%
2.9%CA$58.00CA$54.00n/a3
Feb ’25CA$43.50
CA$56.67
+30.3%
4.4%CA$60.00CA$54.00n/a3
Jan ’25CA$44.26
CA$56.00
+26.5%
2.9%CA$58.00CA$54.00n/a3
Dec ’24CA$43.62
CA$54.33
+24.6%
5.3%CA$58.00CA$51.00n/a3
Nov ’24CA$40.42
CA$52.67
+30.3%
3.2%CA$55.00CA$51.00CA$39.953
Oct ’24CA$43.00
CA$54.00
+25.6%
4.0%CA$56.00CA$51.00CA$40.713
Sep ’24CA$40.50
CA$54.00
+33.3%
4.0%CA$56.00CA$51.00CA$41.393
Aug ’24CA$40.05
CA$53.67
+34.0%
6.9%CA$58.00CA$49.00CA$43.883
Jul ’24CA$42.00
CA$53.33
+27.0%
6.2%CA$57.00CA$49.00CA$43.023
Jun ’24CA$44.99
CA$53.33
+18.5%
6.2%CA$57.00CA$49.00CA$44.653
May ’24CA$43.00
CA$53.00
+23.3%
5.6%CA$56.00CA$49.00CA$45.693
Apr ’24CA$43.58
CA$53.00
+21.6%
5.6%CA$56.00CA$49.00CA$48.553
Mar ’24CA$38.72
CA$52.00
+34.3%
5.8%CA$55.00CA$49.00CA$51.002
Feb ’24CA$40.94
CA$52.00
+27.0%
5.8%CA$55.00CA$49.00CA$43.502
Jan ’24CA$38.83
CA$52.00
+33.9%
5.8%CA$55.00CA$49.00CA$44.262
Dec ’23CA$37.70
CA$52.00
+37.9%
5.8%CA$55.00CA$49.00CA$43.622
Nov ’23CA$26.49
CA$39.33
+48.5%
2.4%CA$40.00CA$38.00CA$40.423

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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