Bilfinger SE

SWX:GBF Stock Report

Market Cap: CHF 2.7b

Bilfinger Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: GBF (CHF75.95) is trading below our estimate of future cash flow value (CHF203.41)

Significantly Below Future Cash Flow Value: GBF is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GBF. This is calculated by dividing GBF's market cap by their current earnings.
What is GBF's PE Ratio?
PE Ratio16.3x
Earnings€181.10m
Market Cap€2.96b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GBF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.8x
ADEN Adecco Group
9.8x13.10%CHF 2.8b
OFN Orell Füssli
15.5x7.60%CHF 294.0m
IRCTC Indian Railway Catering & Tourism
29.9x8.72%₹409.9b
DOW Downer EDI
35.9x20.32%AU$5.3b
GBF Bilfinger
16.3x16.87%CHF 3.0b

Price-To-Earnings vs Peers: GBF is good value based on its Price-To-Earnings Ratio (16.3x) compared to the peer average (22.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does GBF's PE Ratio compare vs other companies in the European Commercial Services Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GBF 16.3xIndustry Avg. 15.8xNo. of Companies16PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GBF is expensive based on its Price-To-Earnings Ratio (16.3x) compared to the European Commercial Services industry average (15.7x).

Price to Earnings Ratio vs Fair Ratio

What is GBF'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.

GBF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GBF'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 GBF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 75.95
CHF 110.66
+45.70%
8.61%CHF 120.72CHF 97.86n/a4
Jun ’27CHF 80.95
CHF 110.66
+36.70%
8.61%CHF 120.72CHF 97.86n/a4
May ’27CHF 91.70
CHF 112.22
+22.38%
8.18%CHF 121.42CHF 98.43n/a4
Apr ’27CHF 91.70
CHF 110.70
+20.72%
7.54%CHF 119.29CHF 98.50n/a4
Mar ’27CHF 110.50
CHF 110.38
-0.11%
10.21%CHF 120.91CHF 92.52n/a4
Feb ’27n/a
CHF 110.38
0%
10.21%CHF 120.91CHF 92.52n/a4
Jan ’27n/a
CHF 104.51
0%
7.18%CHF 111.98CHF 94.25n/a3
Dec ’26n/a
CHF 101.91
0%
7.33%CHF 107.19CHF 91.34n/a3
Nov ’26n/a
CHF 94.08
0%
6.56%CHF 99.34CHF 85.41n/a3
Oct ’26n/a
CHF 95.42
0%
6.56%CHF 100.76CHF 86.63n/a3
Sep ’26n/a
CHF 95.42
0%
6.56%CHF 100.76CHF 86.63n/a3
Aug ’26n/a
CHF 88.11
0%
8.01%CHF 97.73CHF 80.98n/a3
Jul ’26n/a
CHF 80.53
0%
0.95%CHF 81.47CHF 79.60n/a3
Jun ’26n/a
CHF 77.16
0%
6.86%CHF 81.12CHF 68.07CHF 80.954
May ’26n/a
CHF 69.17
0%
5.11%CHF 75.03CHF 65.65CHF 91.704
Apr ’26n/a
CHF 70.33
0%
5.11%CHF 76.29CHF 66.76CHF 91.704
Mar ’26n/a
CHF 56.15
0%
1.39%CHF 57.33CHF 55.45CHF 110.504
Feb ’26n/a
CHF 56.15
0%
1.39%CHF 57.33CHF 55.45n/a4
Jan ’26n/a
CHF 56.15
0%
1.39%CHF 57.33CHF 55.45n/a4
Dec ’25n/a
CHF 55.87
0%
1.39%CHF 57.04CHF 55.17n/a4
Nov ’25n/a
CHF 57.14
0%
1.39%CHF 58.33CHF 56.42n/a4
Oct ’25n/a
CHF 57.14
0%
1.39%CHF 58.33CHF 56.42n/a4
Sep ’25CHF 27.40
CHF 57.14
+108.53%
1.39%CHF 58.33CHF 56.42n/a4
Aug ’25CHF 27.40
CHF 57.04
+108.17%
2.40%CHF 58.97CHF 55.11n/a4
Jul ’25CHF 27.40
CHF 55.06
+100.94%
3.86%CHF 57.91CHF 52.21n/a4
Jun ’25CHF 27.40
CHF 54.88
+100.27%
5.33%CHF 58.34CHF 50.43n/a4
CHF 114.73
Fair Value
33.8% undervalued intrinsic discount
4
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 14:18
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Bilfinger SE is covered by 16 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gunnar CohrsBerenberg
Gerhard OrgonasBNP Paribas
Andreas InderstBNP Paribas