GDS Holdings Limited

DB:G40 Stock Report

Market Cap: €6.0b

GDS Holdings Valuation

Is G40 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 G40 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: G40 (€30.4) is trading above our estimate of fair value (€17.24)

Significantly Below Fair Value: G40 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for G40?

Key metric: As G40 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for G40. This is calculated by dividing G40's market cap by their current earnings.
What is G40's PE Ratio?
PE Ratio46.1x
EarningsCN¥1.17b
Market CapCN¥48.90b

Price to Earnings Ratio vs Peers

How does G40's PE Ratio compare to its peers?

The above table shows the PE ratio for G40 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.6x
IOS IONOS Group
16.6x13.27%€3.7b
BC8 Bechtle
25.8x12.31%€5.5b
NEM Nemetschek
51.1x17.56%€10.4b
YSN secunet Security Networks
37.1x12.63%€1.2b
G40 GDS Holdings
46.1x-12.18%€7.0b

Price-To-Earnings vs Peers: G40 is expensive based on its Price-To-Earnings Ratio (46.1x) compared to the peer average (32.6x).

Price to Earnings Ratio vs Industry

How does G40's PE Ratio compare vs other companies in the DE IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
G40 46.1xIndustry Avg. 19.1xNo. of Companies4PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: G40 is expensive based on its Price-To-Earnings Ratio (46.1x) compared to the European IT industry average (18.9x).

Price to Earnings Ratio vs Fair Ratio

What is G40'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.

G40 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio46.1x
Fair PE Ratio22.8x

Price-To-Earnings vs Fair Ratio: G40 is expensive based on its Price-To-Earnings Ratio (46.1x) compared to the estimated Fair Price-To-Earnings Ratio (22.8x).

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 G40 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€30.40
€41.05
+35.04%
15.72%€57.89€28.46n/a20
Dec ’26€28.60
€41.32
+44.46%
15.60%€58.13€28.58n/a20
Nov ’26€30.60
€41.49
+35.59%
15.38%€57.78€28.65n/a19
Oct ’26€34.00
€40.99
+20.56%
15.46%€57.24€28.39n/a19
Sep ’26€28.80
€40.64
+41.10%
14.98%€57.79€28.41n/a19
Aug ’26€30.80
€37.60
+22.07%
17.39%€54.92€24.63n/a19
Jul ’26€25.40
€35.89
+41.28%
14.80%€46.20€25.29n/a19
Jun ’26€19.80
€36.28
+83.25%
14.79%€46.70€25.56n/a19
May ’26€22.00
€38.84
+76.56%
19.64%€56.08€25.69n/a18
Apr ’26€23.00
€40.49
+76.04%
20.61%€57.93€26.73n/a18
Mar ’26€34.40
€37.74
+9.72%
35.50%€62.78€6.94n/a17
Feb ’26€22.00
€24.50
+11.36%
21.65%€33.56€6.99n/a17
Jan ’26€21.20
€23.77
+12.14%
20.64%€29.22€6.95€29.0016
Dec ’25€18.00
€23.78
+32.11%
20.62%€29.05€6.91€28.6015
Nov ’25€19.60
€21.92
+11.84%
24.19%€28.34€6.83€30.6015
Oct ’25€19.20
€20.07
+4.53%
26.26%€26.84€6.75€34.0015
Sep ’25€15.20
€18.82
+23.82%
27.69%€26.08€6.86€28.8015
Aug ’25€10.10
€14.37
+42.28%
35.51%€26.79€6.93€30.8014
Jul ’25€8.50
€14.33
+68.61%
49.06%€26.98€6.51€25.4016
Jun ’25€7.10
€14.18
+99.69%
49.08%€26.70€6.44€19.8016
May ’25€7.55
€14.33
+89.77%
49.33%€27.03€6.51€22.0016
Apr ’25€6.15
€14.71
+139.25%
48.50%€26.90€6.49€23.0015
Mar ’25€6.15
€15.66
+154.70%
36.46%€26.57€8.04€34.4017
Feb ’25€4.68
€16.20
+246.24%
33.15%€26.64€8.06€22.0018
Jan ’25€7.90
€16.07
+103.41%
31.85%€26.39€7.99€21.2019
€38.3
Fair Value
20.6% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/02 06:11
End of Day Share Price 2026/01/02 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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

GDS Holdings Limited is covered by 39 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nathan CrossettBerenberg
Huiqun LiBofA Global Research
Shuyun CheChina International Capital Corporation Limited