Big Yellow Group Plc

LSE:BYG Stock Report

Market Cap: UK£1.7b

Big Yellow Group Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Discounted Cash Flow
Simply Wall St
UK£9.36
Fair Value
0.4% undervalued intrinsic discount
15
Number of Analysts

Below Fair Value: BYG (£9.32) is trading below our estimate of fair value (£9.36)

Significantly Below Fair Value: BYG is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BYG. This is calculated by dividing BYG's market cap by their current earnings.
What is BYG's PE Ratio?
PE Ratio6.9x
EarningsUK£265.89m
Market CapUK£1.70b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BYG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.4x
SAFE Safestore Holdings
3.7x-14.7%UK£1.4b
AGR Assura
18.1x19.6%UK£1.2b
UKCM UK Commercial Property REIT
29.9xn/aUK£947.3m
BBOX Tritax Big Box REIT
22.1x27.0%UK£3.5b
BYG Big Yellow Group
6.9x-2.0%UK£1.8b

Price-To-Earnings vs Peers: BYG is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (18.4x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
BYG 6.9xIndustry Avg. 18.8xNo. of Companies5PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BYG is good value based on its Price-To-Earnings Ratio (6.9x) compared to the Global Specialized REITs industry average (18.8x).

Price to Earnings Ratio vs Fair Ratio

What is BYG'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.

BYG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.9x
Fair PE Ratio13.2x

Price-To-Earnings vs Fair Ratio: BYG is good value based on its Price-To-Earnings Ratio (6.9x) compared to the estimated Fair Price-To-Earnings Ratio (13.3x).

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 BYG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£9.32
UK£12.53
+34.4%
10.2%UK£15.25UK£9.80n/a15
Jan ’26UK£9.60
UK£12.59
+31.1%
9.4%UK£15.25UK£10.10n/a14
Dec ’25UK£10.72
UK£13.02
+21.5%
8.7%UK£15.25UK£11.32n/a14
Nov ’25UK£12.04
UK£13.47
+11.9%
9.5%UK£16.50UK£11.57n/a15
Oct ’25UK£12.90
UK£13.31
+3.2%
7.6%UK£15.25UK£11.57n/a15
Sep ’25UK£12.62
UK£13.18
+4.5%
8.5%UK£15.25UK£11.50n/a15
Aug ’25UK£12.20
UK£12.82
+5.1%
9.8%UK£15.20UK£9.84n/a15
Jul ’25UK£11.72
UK£12.68
+8.2%
10.2%UK£15.20UK£9.84n/a15
Jun ’25UK£12.48
UK£12.48
-0.02%
11.9%UK£14.10UK£9.03n/a15
May ’25UK£10.86
UK£12.11
+11.6%
11.4%UK£14.10UK£9.03n/a15
Apr ’25UK£10.64
UK£12.11
+13.8%
11.4%UK£14.10UK£9.03n/a15
Mar ’25UK£10.37
UK£12.10
+16.7%
11.9%UK£14.30UK£9.03n/a15
Feb ’25UK£11.42
UK£12.10
+5.9%
11.9%UK£14.30UK£9.03n/a15
Jan ’25UK£12.22
UK£11.99
-1.9%
11.1%UK£14.00UK£9.03UK£9.6015
Dec ’24UK£11.04
UK£11.81
+7.0%
10.8%UK£14.00UK£9.03UK£10.7215
Nov ’24UK£9.61
UK£11.69
+21.6%
11.1%UK£14.00UK£9.03UK£12.0414
Oct ’24UK£9.39
UK£11.96
+27.4%
12.6%UK£14.20UK£9.03UK£12.9014
Sep ’24UK£10.57
UK£12.13
+14.7%
11.2%UK£14.20UK£9.03UK£12.6214
Aug ’24UK£10.63
UK£12.22
+15.0%
11.0%UK£14.20UK£9.03UK£12.2014
Jul ’24UK£10.73
UK£12.43
+15.9%
8.7%UK£14.20UK£10.82UK£11.7215
Jun ’24UK£11.57
UK£12.47
+7.8%
8.3%UK£14.20UK£11.00UK£12.4814
May ’24UK£12.24
UK£12.75
+4.1%
9.5%UK£15.00UK£11.00UK£10.8615
Apr ’24UK£11.69
UK£12.75
+9.0%
9.5%UK£15.00UK£11.00UK£10.6415
Mar ’24UK£11.95
UK£12.75
+6.7%
9.5%UK£15.00UK£11.00UK£10.3715
Feb ’24UK£12.18
UK£12.45
+2.2%
9.8%UK£15.00UK£10.50UK£11.4215
Jan ’24UK£11.47
UK£12.30
+7.2%
8.6%UK£15.00UK£10.50UK£12.2214
Analyst Price Target
Consensus Narrative from 15 Analysts
UK£12.53
Fair Value
25.6% undervalued intrinsic discount
15
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 Analysis2025/01/17 19:03
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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 here.

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 .

Analyst Sources

Big Yellow Group Plc is covered by 33 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sander BunckBarclays
Paul MayBarclays
Aaron GuyBarclays