Raspberry Pi Holdings plc

LSE:RPI Stock Report

Market Cap: UK£644.1m

Raspberry Pi Holdings Valuation

Is RPI 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-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 RPI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RPI (£3.33) is trading above our estimate of fair value (£2.81)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for RPI. This is calculated by dividing RPI's market cap by their current earnings.
What is RPI's PE Ratio?
PE Ratio26.4x
EarningsUS$30.67m
Market CapUS$811.25m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for RPI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average42.7x
CNC Concurrent Technologies
24.3x13.5%UK£122.7m
SPT Spirent Communications
92.9x40.5%UK£980.5m
BIG Big Technologies
31.5x26.9%UK£394.5m
OXIG Oxford Instruments
22.3x10.2%UK£1.2b
RPI Raspberry Pi Holdings
26.4x-2.0%UK£644.1m

Price-To-Earnings vs Peers: RPI is good value based on its Price-To-Earnings Ratio (26.4x) compared to the peer average (42.7x).


Price to Earnings Ratio vs Industry

How does RPI's PE Ratio compare vs other companies in the European Tech Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
RPI 26.4xIndustry Avg. 22.0xNo. of Companies3PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RPI is expensive based on its Price-To-Earnings Ratio (26.4x) compared to the Global Tech industry average (22x).


Price to Earnings Ratio vs Fair Ratio

What is RPI'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.

RPI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RPI'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 RPI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£3.33
UK£4.50
+35.2%
2.2%UK£4.63UK£4.39n/a3
Nov ’25UK£3.44
UK£4.43
+28.8%
0.9%UK£4.48UK£4.39n/a3
Oct ’25UK£3.58
UK£4.43
+23.8%
0.9%UK£4.48UK£4.39n/a3
Sep ’25UK£4.01
UK£4.43
+10.5%
1.6%UK£4.53UK£4.37n/a3
Aug ’25UK£3.72
UK£4.39
+18.0%
1.5%UK£4.48UK£4.31n/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.


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