The RMR Group Inc.

DB:26R Stock Report

Market Cap: €623.5m

RMR Group Valuation

Is 26R 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 26R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 26R (€19.4) is trading below our estimate of fair value (€22.26)

Significantly Below Fair Value: 26R is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 26R?

Key metric: As 26R is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 26R. This is calculated by dividing 26R's market cap by their current earnings.
What is 26R's PE Ratio?
PE Ratio15x
EarningsUS$22.81m
Market CapUS$650.61m

Price to Earnings Ratio vs Peers

How does 26R's PE Ratio compare to its peers?

The above table shows the PE ratio for 26R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.5x
FC9 FCR Immobilien
13.6x8.8%€100.7m
GWK3 GAG Immobilien
24.4xn/a€816.4m
SPB Sedlmayr Grund und Immobilien
61.4xn/a€829.8m
DWB Dinkelacker
30.7xn/a€302.8m
26R RMR Group
15x4.6%€650.6m

Price-To-Earnings vs Peers: 26R is good value based on its Price-To-Earnings Ratio (15x) compared to the peer average (32.5x).

Price to Earnings Ratio vs Industry

How does 26R's PE Ratio compare vs other companies in the DE Real Estate Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GTY Gateway Real Estate
0.4xn/aUS$95.49m
ADJ Adler Group
0.05xn/aUS$49.42m
AAA A.A.A. Allgemeine Anlageverwaltung
2.6xn/aUS$47.44m
N9H Global Connectivity
0.1xn/aUS$1.51m
No more companies available in this PE range
26R 15.0xIndustry Avg. 18.0xNo. of Companies4PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 26R is good value based on its Price-To-Earnings Ratio (15x) compared to the European Real Estate industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is 26R'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.

26R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15x
Fair PE Ratio13.2x

Price-To-Earnings vs Fair Ratio: 26R is expensive based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (13.2x).

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 26R forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€19.40
€26.12
+34.7%
9.1%€28.50€23.75n/a2
Dec ’25€20.20
€26.12
+29.3%
9.1%€28.50€23.75n/a2
Nov ’25€21.80
€25.92
+18.9%
12.3%€29.10€22.74n/a2
Oct ’25€22.40
€25.92
+15.7%
12.3%€29.10€22.74n/a2
Sep ’25€22.60
€25.92
+14.7%
12.3%€29.10€22.74n/a2
Aug ’25€23.60
€26.63
+12.8%
12.3%€29.90€23.36n/a2
Jul ’25€20.60
€26.63
+29.3%
12.3%€29.90€23.36n/a2
Jun ’25€21.20
€26.19
+23.5%
12.3%€29.41€22.98n/a2
May ’25€22.20
€27.68
+24.7%
16.7%€32.29€23.07n/a2
Apr ’25€21.60
€27.68
+28.1%
16.7%€32.29€23.07n/a2
Feb ’25€23.80
€29.46
+23.8%
14.7%€33.80€25.12n/a2
Jan ’25€25.40
€27.85
+9.6%
22.3%€34.06€21.63n/a2
Dec ’24€21.60
€27.85
+28.9%
22.3%€34.06€21.63€20.202
Nov ’24€21.00
€27.85
+32.6%
22.3%€34.06€21.63€21.802
Oct ’24€23.00
€27.85
+21.1%
22.3%€34.06€21.63€22.402
Sep ’24€23.00
€27.85
+21.1%
22.3%€34.06€21.63€22.602
Aug ’24€21.20
€27.87
+31.4%
22.3%€34.08€21.65€23.602
Jul ’24€21.20
€30.80
+45.3%
10.4%€34.02€27.58€20.602
Jun ’24€19.70
€30.80
+56.3%
10.4%€34.02€27.58€21.202
May ’24€21.00
€32.73
+55.9%
16.7%€38.19€27.28€22.202
Apr ’24€23.40
€31.07
+32.8%
18.5%€39.15€26.10€21.603
Mar ’24€26.20
€31.07
+18.6%
18.5%€39.15€26.10€22.403
Feb ’24€28.20
€32.87
+16.5%
17.5%€41.00€28.31€23.803
Jan ’24€26.40
€32.87
+24.5%
17.5%€41.00€28.31€25.403
Dec ’23€27.40
€32.87
+19.9%
17.5%€41.00€28.31€21.603

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 13:19
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

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

The RMR Group Inc. is covered by 11 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael CarrierBofA Global Research
Bryan MaherB. Riley Securities, Inc.
James SullivanBTIG