Public Property Invest ASA

BATS-CHIXE:PUBLIO Stock Report

Market Cap: NOK 3.6b

Public Property Invest Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: PUBLIO (NOK18.38) is trading above our estimate of fair value (NOK5.34)

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


Key Valuation Metric

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

Key metric: As PUBLIO is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for PUBLIO. This is calculated by dividing PUBLIO's market cap by their current revenue.
What is PUBLIO's PS Ratio?
PS Ratio5.8x
SalesNOK 627.00m
Market CapNOK 3.64b

Price to Sales Ratio vs Peers

How does PUBLIO's PS Ratio compare to its peers?

The above table shows the PS ratio for PUBLIO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.5x
TPFG Property Franchise Group
6.7x42.4%UK£273.5m
ASLI abrdn European Logistics Income
7.2xn/aUK£236.6m
PSDL Phoenix Spree Deutschland
6.9x-13.0%UK£159.8m
SRE Sirius Real Estate
5.1x-4.4%UK£1.3b
PUBLIO Public Property Invest
5.8x3.9%NOK 3.6b

Price-To-Sales vs Peers: PUBLIO is good value based on its Price-To-Sales Ratio (5.8x) compared to the peer average (6.5x).


Price to Sales Ratio vs Industry

How does PUBLIO's PS Ratio compare vs other companies in the GB Real Estate Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
IWG International Workplace Group
0.6x6.1%US$2.12b
ETLN Etalon Group
0.3x10.5%US$210.89m
WJG Watkin Jones
0.1x1.6%US$67.22m
RAV Raven Property Group
0.1x-0.2%US$23.74m
No. of Companies10PS02.44.87.29.612+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PUBLIO is expensive based on its Price-To-Sales Ratio (5.8x) compared to the UK Real Estate industry average (3.9x).


Price to Sales Ratio vs Fair Ratio

What is PUBLIO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PUBLIO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.8x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate PUBLIO's Price-To-Sales 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 PUBLIO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
NOK 21.33
0%
2.2%NOK 22.00NOK 21.00n/a3
Nov ’25NOK 18.38
NOK 21.33
+16.1%
2.2%NOK 22.00NOK 21.00n/a3
Oct ’25n/a
NOK 21.00
0%
6.7%NOK 23.00NOK 20.00n/a3

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


Discover undervalued companies