BXP, Inc.

DB:BO9 Stock Report

Market Cap: €8.8b

BXP Valuation

Is BO9 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 BO9 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: BO9 (€49.81) is trading below our estimate of future cash flow value (€77.2)

Significantly Below Future Cash Flow Value: BO9 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 BO9?

Key metric: As BO9 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BO9. This is calculated by dividing BO9's market cap by their current earnings.
What is BO9's PE Ratio?
PE Ratio33.5x
EarningsUS$276.80m
Market CapUS$10.38b

Price to Earnings Ratio vs Peers

How does BO9's PE Ratio compare to its peers?

The above table shows the PE ratio for BO9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.7x
8951 Nippon Building Fund
27.5x3.34%JP¥1.2t
GFC Gecina
11.9x18.71%€5.4b
VNO Vornado Realty Trust
6.5x-111.06%US$6.1b
KRT Knowledge Realty Trust
96.9x23.43%₹515.5b
BO9 BXP
33.5x7.85%€10.4b

Price-To-Earnings vs Peers: BO9 is good value based on its Price-To-Earnings Ratio (33.5x) compared to the peer average (35.9x).

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 BO9's PE Ratio compare vs other companies in the Global Office REITs Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
BO9 33.5xIndustry Avg. 15.9xNo. of Companies12PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BO9 is expensive based on its Price-To-Earnings Ratio (33.5x) compared to the Global Office REITs industry average (15.9x).

Price to Earnings Ratio vs Fair Ratio

What is BO9'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.

BO9 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BO9'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 BO9 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€49.81
€59.43
+19.31%
13.49%€75.51€49.21n/a20
Apr ’27€44.06
€61.82
+40.31%
11.37%€76.84€51.80n/a20
Mar ’27€51.30
€62.51
+21.86%
11.66%€76.98€52.45n/a20
Feb ’27€54.54
€65.10
+19.35%
9.02%€76.73€54.81n/a20
Jan ’27€58.28
€67.37
+15.60%
8.16%€77.19€55.13n/a21
Dec ’26€62.00
€68.70
+10.80%
8.96%€78.39€55.99n/a20
Nov ’26€61.62
€68.87
+11.76%
8.69%€78.68€56.20n/a20
Oct ’26€64.96
€67.20
+3.45%
8.85%€77.51€55.37n/a19
Sep ’26€61.68
€64.97
+5.34%
9.30%€77.80€55.57n/a18
Aug ’26€55.78
€67.53
+21.07%
9.29%€79.70€56.93n/a18
Jul ’26€57.78
€65.20
+12.84%
10.81%€77.74€52.97n/a19
Jun ’26€59.08
€66.89
+13.23%
10.84%€80.15€54.61n/a19
May ’26€56.42
€68.43
+21.29%
10.28%€80.60€54.91n/a19
Apr ’26€62.06
€73.60
+18.60%
11.60%€92.43€57.31€44.0619
Mar ’26€68.00
€78.05
+14.77%
11.67%€96.42€59.78€51.3018
Feb ’26€70.48
€78.73
+11.71%
11.91%€96.47€59.81€54.5418
Jan ’26€70.76
€81.20
+14.76%
11.54%€101.38€59.86€58.2819
Dec ’25€77.36
€79.38
+2.62%
12.19%€100.04€59.07€62.0019
Nov ’25€72.84
€74.70
+2.55%
13.63%€96.89€57.21€61.6219
Oct ’25€72.02
€68.02
-5.56%
10.39%€81.73€55.68€64.9619
Sep ’25€67.92
€65.43
-3.66%
9.49%€82.34€56.10€61.6819
Aug ’25€64.74
€65.16
+0.65%
10.02%€84.33€57.46€55.7819
Jul ’25€56.40
€64.80
+14.89%
10.02%€84.75€57.74€57.7819
Jun ’25€55.60
€65.45
+17.71%
9.64%€83.88€57.15€59.0819
May ’25€58.08
€67.69
+16.54%
8.68%€85.11€57.99€56.4219
Apr ’25€60.44
€67.62
+11.88%
9.68%€84.72€56.79€62.0619
€59.64
Fair Value
16.5% undervalued intrinsic discount
20
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/22 19:00
End of Day Share Price 2026/04/21 00:00
Earnings2025/12/31
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

BXP, Inc. is covered by 44 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David RodgersBaird
Brendan LynchBarclays
Ross SmotrichBarclays