Tetra Tech, Inc.

BATS-CHIXE:1TTEKM Stock Report

Market Cap: €7.8b

Tetra Tech Valuation

Is 1TTEKM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 1TTEKM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€29.75
Fair Value
0.8% overvalued intrinsic discount
6
Number of Analysts

Below Fair Value: 1TTEKM (€30) is trading above our estimate of fair value (€29.75)

Significantly Below Fair Value: 1TTEKM is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1TTEKM?

Key metric: As 1TTEKM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1TTEKM. This is calculated by dividing 1TTEKM's market cap by their current earnings.
What is 1TTEKM's PE Ratio?
PE Ratio36.6x
EarningsUS$247.72m
Market CapUS$9.06b

Price to Earnings Ratio vs Peers

How does 1TTEKM's PE Ratio compare to its peers?

The above table shows the PE ratio for 1TTEKM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.2x
RTO Rentokil Initial
43.2x19.50%UK£10.5b
MTO Mitie Group
21.5x26.56%UK£2.1b
SRP Serco Group
52.1x31.37%UK£2.5b
ITRK Intertek Group
19.7x6.93%UK£7.1b
1TTEKM Tetra Tech
36.6x26.36%€9.1b

Price-To-Earnings vs Peers: 1TTEKM is expensive based on its Price-To-Earnings Ratio (36.6x) compared to the peer average (34.2x).

Price to Earnings Ratio vs Industry

How does 1TTEKM's PE Ratio compare vs other companies in the European Commercial Services Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies13PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1TTEKM is expensive based on its Price-To-Earnings Ratio (36.6x) compared to the European Commercial Services industry average (13.9x).

Price to Earnings Ratio vs Fair Ratio

What is 1TTEKM'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.

1TTEKM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1TTEKM'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 1TTEKM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€36.28
0%
7.17%€41.30€32.70n/a6
Nov ’26n/a
€36.57
0%
5.67%€40.34€34.34n/a5
Oct ’26n/a
€36.64
0%
5.93%€40.05€34.09n/a4
Sep ’26n/a
€37.42
0%
6.26%€41.19€34.33n/a5
Aug ’26n/a
€37.65
0%
6.26%€41.45€34.54n/a5
Jul ’26n/a
€36.16
0%
7.53%€41.32€33.58n/a5
Jun ’26n/a
€36.25
0%
11.74%€42.65€29.32n/a5
May ’26n/a
€33.86
0%
17.54%€42.55€26.92n/a5
Apr ’26n/a
€38.15
0%
16.13%€45.37€28.71n/a5
Mar ’26n/a
€41.01
0%
12.12%€47.17€32.73n/a5
Feb ’26n/a
€42.61
0%
10.81%€47.27€32.80n/a6
Jan ’26n/a
€48.25
0%
5.54%€52.10€43.42n/a6
Dec ’25n/a
€47.81
0%
4.39%€51.29€44.65n/a6
Nov ’25n/a
€47.97
0%
5.81%€51.72€42.49n/a6
Oct ’25n/a
€45.01
0%
5.27%€48.16€41.33n/a6
Sep ’25n/a
€45.94
0%
5.18%€49.11€42.15n/a6
Aug ’25n/a
€45.44
0%
5.57%€49.67€42.63n/a6
Jul ’25n/a
€44.38
0%
5.79%€49.63€41.30n/a6
Jun ’25n/a
€44.38
0%
5.79%€49.63€41.30n/a6
May ’25n/a
€37.92
0%
8.45%€43.09€33.72n/a5
Apr ’25n/a
€36.65
0%
7.02%€40.23€32.92n/a5
Mar ’25n/a
€36.21
0%
6.96%€40.48€33.12n/a5
Feb ’25n/a
€36.21
0%
6.96%€40.48€33.12n/a5
Jan ’25n/a
€35.85
0%
7.60%€40.34€33.00n/a4
Dec ’24n/a
€35.85
0%
7.60%€40.34€33.00n/a4
Nov ’24n/a
€35.55
0%
8.58%€40.60€32.48n/a4
€36.41
Fair Value
17.6% undervalued intrinsic discount
6
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/29 17:23
End of Day Share Price 2025/11/21 00:00
Earnings2025/09/28
Annual Earnings2025/09/28

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

Tetra Tech, Inc. is covered by 24 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew WittmannBaird
Samuel EnglandBerenberg
Robert BurlesonCanaccord Genuity