Griffon Valuation

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

Below Fair Value: GFF (€78) is trading below our estimate of fair value (€103.44)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for GFF. This is calculated by dividing GFF's market cap by their current earnings.
What is GFF's PE Ratio?
PE Ratio19.4x
EarningsUS$209.90m
Market CapUS$3.97b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GFF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.8x
VIB3 Villeroy & Boch
14.9x43.5%€419.1m
ST5 STEICO
10.1x-7.6%€279.7m
WUG Westag
24.1xn/a€117.0m
TSS InnoTec TSS
10xn/a€57.9m
GFF Griffon
19.4x17.6%€4.0b

Price-To-Earnings vs Peers: GFF is expensive based on its Price-To-Earnings Ratio (19.4x) compared to the peer average (14.8x).


Price to Earnings Ratio vs Industry

How does GFF's PE Ratio compare vs other companies in the European Building Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
GFF 19.4xIndustry Avg. 19.7xNo. of Companies15PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GFF is good value based on its Price-To-Earnings Ratio (19.4x) compared to the European Building industry average (19.9x).


Price to Earnings Ratio vs Fair Ratio

What is GFF'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.

GFF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.4x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: GFF is expensive based on its Price-To-Earnings Ratio (19.4x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).


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 GFF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€78.00
€95.32
+22.2%
7.5%€108.54€86.83n/a5
Nov ’25€57.00
€82.30
+44.4%
3.3%€85.07€78.60n/a5
Oct ’25€62.00
€80.05
+29.1%
3.5%€84.26€76.94n/a5
Sep ’25€58.50
€80.05
+36.8%
3.5%€84.26€76.94n/a5
Aug ’25€66.50
€82.89
+24.7%
3.5%€87.31€79.03n/a5
Jul ’25€59.00
€82.89
+40.5%
3.5%€87.31€79.03n/a5
Jun ’25€61.00
€82.89
+35.9%
3.5%€87.31€79.03n/a5
May ’25€63.00
€77.93
+23.7%
2.8%€80.80€75.16n/a6
Apr ’25€67.00
€77.63
+15.9%
3.4%€81.93€74.48n/a7
Mar ’25€65.50
€77.49
+18.3%
3.6%€81.66€74.24n/a6
Feb ’25€53.50
€63.86
+19.4%
10.3%€75.35€55.13n/a6
Jan ’25€55.50
€61.14
+10.2%
5.7%€65.71€54.76n/a6
Dec ’24€42.40
€61.14
+44.2%
5.7%€65.71€54.76n/a6
Nov ’24€37.60
€55.10
+46.5%
6.7%€61.57€51.15€57.006
Oct ’24€38.40
€53.19
+38.5%
4.6%€56.18€50.57€62.005
Sep ’24€38.40
€50.81
+32.3%
4.0%€54.83€49.35€58.505
Aug ’24€37.80
€48.80
+29.1%
4.4%€50.08€44.61€66.505
Jul ’24€37.00
€44.17
+19.4%
13.2%€49.99€33.63€59.005
Jun ’24€29.40
€44.17
+50.2%
13.2%€49.99€33.63€61.005
May ’24€25.00
€45.84
+83.4%
4.5%€49.26€43.79€63.004
Apr ’24€28.60
€47.13
+64.8%
4.3%€50.30€44.71€67.005
Mar ’24€34.20
€47.13
+37.8%
4.3%€50.30€44.71€65.505
Feb ’24€37.40
€45.54
+21.8%
6.0%€49.67€42.32€53.504
Jan ’24€32.40
€45.92
+41.7%
8.8%€52.31€40.69€55.505
Dec ’23€33.60
€45.92
+36.7%
8.8%€52.31€40.69€42.405
Nov ’23€32.20
€45.24
+40.5%
11.0%€52.65€39.00€37.605

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


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