Tetra Tech, Inc.

DB:TT6 Stock Report

Market Cap: €10.4b

Tetra Tech Valuation

Is TT6 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 TT6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TT6 (€38) is trading below our estimate of fair value (€55.85)

Significantly Below Fair Value: TT6 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TT6?

Key metric: As TT6 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TT6. This is calculated by dividing TT6's market cap by their current earnings.
What is TT6's PE Ratio?
PE Ratio32x
EarningsUS$333.38m
Market CapUS$10.67b

Price to Earnings Ratio vs Peers

How does TT6's PE Ratio compare to its peers?

The above table shows the PE ratio for TT6 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.5x
BFSA Befesa
15.2x29.6%€840.0m
GBF Bilfinger
7.5x2.2%€1.7b
RTO Rentokil Initial
25.7x16.5%UK£10.1b
CLH Clean Harbors
29.7x11.2%US$12.4b
TT6 Tetra Tech
32x12.5%€10.7b

Price-To-Earnings vs Peers: TT6 is expensive based on its Price-To-Earnings Ratio (32x) compared to the peer average (19.5x).

Price to Earnings Ratio vs Industry

How does TT6's PE Ratio compare vs other companies in the European Commercial Services Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TT6 32.0xIndustry Avg. 14.3xNo. of Companies13PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TT6 is expensive based on its Price-To-Earnings Ratio (32x) compared to the European Commercial Services industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is TT6'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.

TT6 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32x
Fair PE Ratio15x

Price-To-Earnings vs Fair Ratio: TT6 is expensive based on its Price-To-Earnings Ratio (32x) compared to the estimated Fair Price-To-Earnings Ratio (15x).

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 TT6 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€38.00
€48.10
+26.6%
5.5%€51.94€43.29n/a6
Dec ’25€38.80
€47.81
+23.2%
4.4%€51.29€44.65n/a6
Nov ’25€44.60
€47.97
+7.5%
5.8%€51.72€42.49n/a6
Oct ’25€41.80
€45.01
+7.7%
5.3%€48.16€41.33n/a6
Sep ’25€43.20
€45.94
+6.3%
5.2%€49.11€42.15n/a6
Aug ’25€40.80
€45.44
+11.4%
5.6%€49.67€42.63n/a6
Jul ’25€37.40
€44.38
+18.7%
5.8%€49.63€41.30n/a6
Jun ’25€37.80
€44.38
+17.4%
5.8%€49.63€41.30n/a6
May ’25€35.40
€37.92
+7.1%
8.4%€43.09€33.72n/a5
Apr ’25€33.60
€36.65
+9.1%
7.0%€40.23€32.92n/a5
Mar ’25€32.40
€36.21
+11.8%
7.0%€40.48€33.12n/a5
Feb ’25€29.60
€36.21
+22.3%
7.0%€40.48€33.12n/a5
Jan ’25€30.00
€35.85
+19.5%
7.6%€40.34€33.00€37.804
Dec ’24€28.60
€35.85
+25.3%
7.6%€40.34€33.00€38.804
Nov ’24€28.20
€35.55
+26.1%
8.6%€40.60€32.48€44.604
Oct ’24€28.80
€35.55
+23.4%
8.6%€40.60€32.48€41.804
Sep ’24€28.60
€35.24
+23.2%
8.0%€39.75€31.80€43.205
Aug ’24€31.40
€32.37
+3.1%
8.6%€35.62€27.96€40.804
Jul ’24€29.60
€33.78
+14.1%
8.6%€37.43€29.38€37.404
Jun ’24€25.20
€33.78
+34.0%
8.6%€37.43€29.38€37.804
May ’24€24.80
€33.40
+34.7%
8.1%€36.51€29.94€35.403
Apr ’24€26.28
€33.81
+28.7%
7.1%€36.65€30.05€33.604
Mar ’24€26.19
€33.81
+29.1%
7.1%€36.65€30.05€32.404
Feb ’24€28.07
€33.77
+20.3%
9.1%€37.06€28.72€29.604
Jan ’24€27.86
€35.03
+25.7%
10.6%€38.63€29.94€30.003

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 Analysis2025/01/02 08:11
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/29
Annual Earnings2024/09/29

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

Tetra Tech, Inc. is covered by 33 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew WittmannBaird
Samuel EnglandBerenberg
Avram FisherBMO Capital Markets U.S. (Historical)