We’ve recently updated our valuation analysis.

PageGroup Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

PAGE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA6x
PEG Ratio-1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PAGE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.9x
HAS Hays
13x1.7%UK£2.0b
STEM SThree
10x0.01%UK£550.6m
IPEL Impellam Group
22.8xn/aUK£302.9m
RWA Robert Walters
9.9x2.0%UK£375.8m
PAGE PageGroup
8.9x-9.0%UK£1.4b

Price-To-Earnings vs Peers: PAGE is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (13.9x).


Price to Earnings Ratio vs Industry

How does PAGE's PE Ratio compare vs other companies in the GB Professional Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.0%
n/an/an/a

Price-To-Earnings vs Industry: PAGE is good value based on its Price-To-Earnings Ratio (8.9x) compared to the UK Professional Services industry average (19.4x)


Price to Earnings Ratio vs Fair Ratio

What is PAGE'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.

PAGE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ratio17x

Price-To-Earnings vs Fair Ratio: PAGE is good value based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (17x).


Share Price vs Fair Value

What is the Fair Price of PAGE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PAGE (£4.52) is trading below our estimate of fair value (£10.42)

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


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 PAGE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£4.52
UK£5.45
+20.5%
17.6%UK£7.15UK£4.00n/a12
Jan ’24UK£4.61
UK£5.60
+21.5%
18.7%UK£7.15UK£4.00n/a11
Dec ’23UK£4.88
UK£5.57
+14.1%
19.8%UK£7.15UK£3.60n/a11
Nov ’23UK£4.29
UK£5.40
+26.0%
22.3%UK£7.15UK£3.51n/a12
Oct ’23UK£3.71
UK£5.75
+55.0%
20.9%UK£7.80UK£3.51n/a12
Sep ’23UK£3.83
UK£5.77
+50.4%
20.3%UK£7.80UK£3.74n/a12
Aug ’23UK£4.60
UK£6.09
+32.5%
24.1%UK£8.20UK£3.74n/a12
Jul ’23UK£4.05
UK£6.42
+58.6%
20.8%UK£9.00UK£4.40n/a12
Jun ’23UK£4.57
UK£6.49
+42.0%
19.1%UK£9.00UK£4.40n/a13
May ’23UK£4.91
UK£6.73
+37.0%
16.6%UK£9.00UK£4.79n/a13
Apr ’23UK£4.83
UK£6.96
+44.1%
16.4%UK£9.00UK£4.79n/a13
Mar ’23UK£5.44
UK£7.10
+30.6%
13.9%UK£9.00UK£5.65n/a13
Feb ’23UK£5.94
UK£7.17
+20.7%
13.1%UK£9.00UK£5.65n/a13
Jan ’23UK£6.34
UK£7.08
+11.8%
12.5%UK£8.85UK£5.63UK£4.6113
Dec ’22UK£6.56
UK£7.02
+7.0%
12.1%UK£8.25UK£5.36UK£4.8813
Nov ’22UK£6.65
UK£6.93
+4.3%
11.9%UK£8.25UK£5.36UK£4.2913
Oct ’22UK£6.18
UK£6.51
+5.5%
11.3%UK£8.05UK£5.36UK£3.7113
Sep ’22UK£6.35
UK£6.20
-2.4%
15.7%UK£8.05UK£3.95UK£3.8313
Aug ’22UK£6.15
UK£6.04
-1.8%
15.5%UK£7.80UK£3.95UK£4.6013
Jul ’22UK£5.74
UK£5.60
-2.4%
14.6%UK£7.30UK£3.95UK£4.0513
Jun ’22UK£6.01
UK£5.62
-6.4%
15.0%UK£7.30UK£3.95UK£4.5712
May ’22UK£5.61
UK£5.62
+0.3%
15.0%UK£7.30UK£3.95UK£4.9112
Apr ’22UK£4.78
UK£4.86
+1.7%
13.3%UK£5.80UK£3.60UK£4.8311
Mar ’22UK£4.85
UK£4.74
-2.3%
14.3%UK£5.80UK£3.60UK£5.4412
Feb ’22UK£4.58
UK£4.70
+2.6%
14.9%UK£5.80UK£3.60UK£5.9412
Jan ’22UK£4.47
UK£4.33
-3.2%
18.1%UK£5.50UK£2.75UK£6.3413

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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