Steelcase Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: SCS ($12.33) is trading below our estimate of fair value ($13.6)

Significantly Below Fair Value: SCS 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 SCS?

Other financial metrics that can be useful for relative valuation.

SCS 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/Revenue0.5x
Enterprise Value/EBITDA8.2x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SCS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.3x
MLKN MillerKnoll
25.2x37.2%US$1.8b
HNI HNI
32.1x32.4%US$2.1b
TILE Interface
14.5x20.5%US$862.0m
NL NL Industries
29.3xn/aUS$329.6m
SCS Steelcase
18x19.7%US$1.4b

Price-To-Earnings vs Peers: SCS is good value based on its Price-To-Earnings Ratio (18x) compared to the peer average (25.3x).


Price to Earnings Ratio vs Industry

How does SCS's PE Ratio compare vs other companies in the US Commercial Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: SCS is good value based on its Price-To-Earnings Ratio (18x) compared to the US Commercial Services industry average (25.4x).


Price to Earnings Ratio vs Fair Ratio

What is SCS'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.

SCS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18x
Fair PE Ratio24.4x

Price-To-Earnings vs Fair Ratio: SCS is good value based on its Price-To-Earnings Ratio (18x) compared to the estimated Fair Price-To-Earnings Ratio (24.4x).


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 SCS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$12.33
US$15.59
+26.4%
2.6%US$16.00US$15.18n/a2
Jun ’25US$13.66
US$15.59
+14.1%
2.6%US$16.00US$15.18n/a2
May ’25US$12.03
US$15.59
+29.6%
2.6%US$16.00US$15.18n/a2
Apr ’25US$13.03
US$15.59
+19.6%
2.6%US$16.00US$15.18n/a2
Mar ’25US$13.40
US$14.50
+8.2%
10.3%US$16.00US$13.00n/a2
Feb ’25US$12.91
US$14.50
+12.3%
10.3%US$16.00US$13.00n/a2
Jan ’25US$13.52
US$14.50
+7.2%
10.3%US$16.00US$13.00n/a2
Dec ’24US$12.46
US$11.38
-8.7%
5.4%US$12.00US$10.76n/a2
Nov ’24US$11.12
US$11.38
+2.3%
5.4%US$12.00US$10.76n/a2
Oct ’24US$11.17
US$11.38
+1.9%
5.4%US$12.00US$10.76n/a2
Sep ’24US$9.17
US$10.25
+11.8%
7.3%US$11.00US$9.50n/a2
Aug ’24US$8.66
US$10.25
+18.4%
7.3%US$11.00US$9.50n/a2
Jul ’24US$7.71
US$10.25
+32.9%
7.3%US$11.00US$9.50n/a2
Jun ’24US$6.55
US$10.80
+64.9%
11.1%US$12.00US$9.60US$13.662
May ’24US$8.02
US$10.80
+34.7%
11.1%US$12.00US$9.60US$12.032
Apr ’24US$8.42
US$10.80
+28.3%
11.1%US$12.00US$9.60US$13.032
Mar ’24US$7.94
US$9.00
+13.4%
22.2%US$11.00US$7.00US$13.402
Feb ’24US$7.80
US$9.00
+15.4%
22.2%US$11.00US$7.00US$12.912
Jan ’24US$7.07
US$9.00
+27.3%
22.2%US$11.00US$7.00US$13.522
Dec ’23US$8.07
US$10.50
+30.1%
4.8%US$11.00US$10.00US$12.462
Nov ’23US$7.82
US$11.00
+40.7%
7.4%US$12.00US$10.00US$11.123
Oct ’23US$6.52
US$11.00
+68.7%
7.4%US$12.00US$10.00US$11.173
Sep ’23US$11.06
US$15.67
+41.7%
8.0%US$17.00US$14.00US$9.173
Aug ’23US$11.35
US$15.67
+38.0%
8.0%US$17.00US$14.00US$8.663
Jul ’23US$10.70
US$15.67
+46.4%
8.0%US$17.00US$14.00US$7.713
Jun ’23US$12.10
US$15.50
+28.1%
7.2%US$17.00US$14.00US$6.554

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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