EPR Properties

DB:E2H Stock Report

Market Cap: €3.3b

EPR Properties Valuation

Is E2H 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 E2H when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: E2H (€42.79) is trading below our estimate of fair value (€117.29)

Significantly Below Fair Value: E2H is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for E2H?

Key metric: As E2H is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for E2H. This is calculated by dividing E2H's market cap by their current earnings.
What is E2H's PE Ratio?
PE Ratio19.4x
EarningsUS$175.85m
Market CapUS$3.41b

Price to Earnings Ratio vs Peers

How does E2H's PE Ratio compare to its peers?

The above table shows the PE ratio for E2H vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.9x
EDUCA 18 Fideicomiso Irrevocable No. F/3277 en Banco Invex S. A. Institución de Banca Múltiple INVEX Grupo
18.1xn/aMex$69.6b
OUT OUTFRONT Media
13.8x-21.5%US$3.2b
FCPT Four Corners Property Trust
28.7x8.8%US$2.8b
HABA Hamborner REIT
63x11.0%€515.7m
E2H EPR Properties
19.4x6.5%€3.4b

Price-To-Earnings vs Peers: E2H is good value based on its Price-To-Earnings Ratio (19.4x) compared to the peer average (30.9x).

Price to Earnings Ratio vs Industry

How does E2H's PE Ratio compare vs other companies in the Global Specialized REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
E2H 19.4xIndustry Avg. 19.1xNo. of Companies8PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: E2H is expensive based on its Price-To-Earnings Ratio (19.4x) compared to the Global Specialized REITs industry average (19.1x).

Price to Earnings Ratio vs Fair Ratio

What is E2H'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.

E2H PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate E2H'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 E2H forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€42.79
€46.40
+8.4%
6.2%€51.24€40.80n/a11
Nov ’25€42.39
€45.30
+6.9%
6.0%€49.72€39.59n/a10
Oct ’25€43.77
€44.13
+0.8%
6.0%€48.78€38.85n/a10
Sep ’25€42.63
€43.66
+2.4%
6.2%€48.76€38.82n/a10
Aug ’25€41.32
€42.80
+3.6%
7.8%€47.10€36.94n/a10
Jul ’25€39.00
€42.82
+9.8%
8.2%€47.63€37.36n/a10
Jun ’25€36.99
€42.44
+14.8%
7.9%€47.01€36.87n/a10
May ’25€38.03
€43.98
+15.7%
6.4%€47.88€39.43n/a10
Apr ’25€38.55
€43.66
+13.3%
5.8%€47.28€38.93n/a10
Mar ’25€38.39
€44.89
+17.0%
6.0%€47.06€38.76n/a10
Feb ’25€40.73
€44.89
+10.2%
6.1%€46.86€38.59n/a10
Jan ’25€44.58
€43.63
-2.1%
5.3%€46.40€38.22n/a11
Dec ’24€41.32
€43.76
+5.9%
5.3%€46.54€38.33n/a11
Nov ’24€40.03
€44.31
+10.7%
7.4%€48.04€37.68€42.3911
Oct ’24€39.19
€45.41
+15.9%
7.1%€50.66€37.52€43.7711
Sep ’24€41.06
€45.10
+9.8%
4.7%€49.45€41.21€42.6310
Aug ’24€40.58
€45.32
+11.7%
5.1%€49.49€40.32€41.3210
Jul ’24€43.71
€45.32
+3.7%
5.1%€49.49€40.32€39.0010
Jun ’24€38.74
€41.51
+7.2%
4.6%€43.68€37.18€36.999
May ’24€38.04
€39.76
+4.5%
4.3%€42.60€36.25€38.038
Apr ’24€33.51
€40.89
+22.0%
5.1%€43.68€37.18€38.558
Mar ’24€38.00
€41.94
+10.4%
4.4%€44.42€37.81€38.398
Feb ’24€38.62
€40.49
+4.9%
3.9%€42.33€36.81€40.738
Jan ’24€34.99
€42.51
+21.5%
7.7%€48.99€37.68€44.588
Dec ’23€39.53
€45.56
+15.2%
10.8%€54.81€38.46€41.328
Nov ’23€38.65
€48.35
+25.1%
10.7%€57.79€40.56€40.038

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

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