Berkeley Group Holdings Valuation

Q: What is the Fair Price of 42B0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

42B0 (€50.8) is trading above our estimate of [[fair value]] (€48.27)

Is 42B0 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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 42B0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 42B0 (€50.8) is trading above our estimate of fair value (€48.27)

Significantly Below Fair Value: 42B0 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 42B0?

Key metric: As 42B0 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 42B0. This is calculated by dividing 42B0's market cap by their current earnings.
What is 42B0's PE Ratio?
PE Ratio	11.1x
Earnings	UK£397.60m
Market Cap	UK£4.40b

42B0 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.6x
Enterprise Value/EBITDA	8x
PEG Ratio	-2.6x

Price to Earnings Ratio vs Peers

How does 42B0's PE Ratio compare to its peers?

The above table shows the PE ratio for 42B0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	15x
PUM PUMA	25.4x	18.6%	€6.5b
BOSS Hugo Boss	12.6x	13.1%	€2.7b
EIN3 Einhell Germany	12.4x	9.2%	€725.8m
KBH KB Home	9.5x	7.1%	US$5.8b
42B0 Berkeley Group Holdings	11.1x	-4.2%	€4.4b

Price-To-Earnings vs Peers: 42B0 is good value based on its Price-To-Earnings Ratio (11.1x) compared to the peer average (15x).

Price to Earnings Ratio vs Industry

How does 42B0's PE Ratio compare vs other companies in the European Consumer Durables Industry?

5 Companies	Price / Earnings	Estimated Growth	Market Cap

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 42B0 is good value based on its Price-To-Earnings Ratio (11.1x) compared to the European Consumer Durables industry average (12.4x).

Price to Earnings Ratio vs Fair Ratio

What is 42B0'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.

42B0 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.1x
Fair PE Ratio	12.6x

Price-To-Earnings vs Fair Ratio: 42B0 is good value based on its Price-To-Earnings Ratio (11.1x) compared to the estimated Fair Price-To-Earnings Ratio (12.6x).

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 42B0 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€50.80	€62.45 +22.9%	10.2%	€77.32	€49.82	n/a	16
Nov ’25	€52.40	€62.57 +19.4%	10.4%	€77.28	€49.79	n/a	16
Oct ’25	€56.10	€62.45 +11.3%	10.5%	€76.98	€49.60	n/a	16
Sep ’25	€60.89	€60.99 +0.2%	10.9%	€76.19	€49.10	n/a	17
Aug ’25	€62.08	€60.82 -2.0%	10.5%	€76.47	€49.28	n/a	18
Jul ’25	€56.12	€60.28 +7.4%	10.5%	€75.88	€48.89	n/a	18
Jun ’25	€63.17	€59.01 -6.6%	9.2%	€67.82	€48.39	n/a	17
May ’25	€57.21	€58.05 +1.5%	8.8%	€66.54	€48.33	n/a	17
Apr ’25	€57.41	€57.86 +0.8%	8.5%	€66.86	€48.56	n/a	16
Mar ’25	€55.96	€57.86 +3.4%	8.5%	€66.86	€48.56	n/a	16
Feb ’25	€57.83	€57.86 +0.06%	8.5%	€66.86	€48.56	n/a	16
Jan ’25	€56.17	€55.45 -1.3%	9.4%	€62.01	€44.42	n/a	16
Dec ’24	€55.65	€54.38 -2.3%	10.1%	€62.49	€44.81	n/a	16
Nov ’24	€47.67	€52.80 +10.8%	9.3%	€60.61	€43.97	€52.40	17
Oct ’24	€47.47	€52.00 +9.6%	11.8%	€60.94	€35.85	€56.10	19
Sep ’24	€48.35	€52.43 +8.4%	11.8%	€61.90	€36.41	€60.89	18
Aug ’24	€51.61	€51.85 +0.5%	11.8%	€61.24	€36.02	€62.08	18
Jul ’24	€45.60	€52.39 +14.9%	12.2%	€61.61	€36.24	€56.12	18
Jun ’24	€46.22	€51.96 +12.4%	9.5%	€60.64	€43.60	€63.17	16
May ’24	€50.52	€51.21 +1.4%	8.7%	€57.45	€43.34	€57.21	16
Apr ’24	€48.71	€49.17 +0.9%	10.9%	€56.58	€35.36	€57.41	15
Mar ’24	€48.29	€49.10 +1.7%	11.3%	€58.22	€34.93	€55.96	16
Feb ’24	€47.47	€49.24 +3.7%	11.2%	€58.37	€35.02	€57.83	16
Jan ’24	€43.73	€50.46 +15.4%	11.6%	€60.26	€36.16	€56.17	16
Dec ’23	€44.98	€49.88 +10.9%	11.9%	€60.27	€36.16	€55.65	16
Nov ’23	€41.04	€50.17 +22.2%	13.1%	€63.76	€36.09	€47.67	15

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