EastGroup Properties, Inc.

NYSE:EGP Stock Report

Market Cap: US$8.5b

EastGroup Properties Valuation

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

Discounted Cash Flow
Simply Wall St
US$304.52
Fair Value
43.1% undervalued intrinsic discount
20
Number of Analysts

Below Fair Value: EGP ($173.38) is trading below our estimate of fair value ($304.52)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EGP. This is calculated by dividing EGP's market cap by their current earnings.
What is EGP's PE Ratio?
PE Ratio36.8x
EarningsUS$232.57m
Market CapUS$8.50b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EGP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33x
FR First Industrial Realty Trust
25.4x-1.3%US$7.3b
TRNO Terreno Realty
36.7x6.4%US$6.6b
REXR Rexford Industrial Realty
34.7x11.4%US$9.5b
STAG STAG Industrial
35.3x1.2%US$6.3b
EGP EastGroup Properties
36.8x9.0%US$8.5b

Price-To-Earnings vs Peers: EGP is expensive based on its Price-To-Earnings Ratio (36.8x) compared to the peer average (33x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EGP 36.8xIndustry Avg. 18.9xNo. of Companies10PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EGP is expensive based on its Price-To-Earnings Ratio (36.8x) compared to the Global Industrial REITs industry average (18.9x).

Price to Earnings Ratio vs Fair Ratio

What is EGP'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.

EGP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.8x
Fair PE Ratio35.2x

Price-To-Earnings vs Fair Ratio: EGP is expensive based on its Price-To-Earnings Ratio (36.8x) compared to the estimated Fair Price-To-Earnings Ratio (35.2x).

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 EGP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$173.38
US$193.90
+11.8%
6.6%US$220.00US$168.00n/a20
Jan ’26US$160.49
US$197.47
+23.0%
5.7%US$220.00US$180.00n/a19
Dec ’25US$172.21
US$198.50
+15.3%
6.0%US$220.00US$174.00n/a18
Nov ’25US$171.20
US$199.22
+16.4%
5.9%US$220.00US$174.00n/a18
Oct ’25US$183.22
US$199.74
+9.0%
6.4%US$220.00US$169.00n/a19
Sep ’25US$186.40
US$197.79
+6.1%
7.1%US$220.00US$169.00n/a19
Aug ’25US$188.56
US$192.32
+2.0%
9.0%US$220.00US$158.00n/a19
Jul ’25US$169.51
US$181.84
+7.3%
9.0%US$218.00US$158.00n/a19
Jun ’25US$165.18
US$182.67
+10.6%
9.0%US$218.00US$158.00n/a18
May ’25US$156.86
US$184.22
+17.4%
8.8%US$218.00US$158.00n/a18
Apr ’25US$176.32
US$192.56
+9.2%
8.0%US$218.00US$158.00n/a16
Mar ’25US$179.00
US$194.00
+8.4%
7.8%US$218.00US$158.00n/a15
Feb ’25US$182.94
US$189.67
+3.7%
8.0%US$218.00US$158.00US$169.6215
Jan ’25US$183.54
US$185.73
+1.2%
8.8%US$218.00US$158.00US$160.4915
Dec ’24US$176.80
US$184.93
+4.6%
9.1%US$218.00US$158.00US$172.2115
Nov ’24US$166.41
US$185.13
+11.3%
9.1%US$218.00US$158.00US$171.2015
Oct ’24US$166.53
US$188.69
+13.3%
9.2%US$218.00US$158.00US$183.2213
Sep ’24US$179.34
US$188.46
+5.1%
9.1%US$218.00US$158.00US$186.4013
Aug ’24US$175.70
US$186.62
+6.2%
10.1%US$218.00US$158.00US$188.5613
Jul ’24US$173.60
US$179.15
+3.2%
7.8%US$198.00US$154.00US$169.5113
Jun ’24US$163.37
US$176.46
+8.0%
7.9%US$198.00US$154.00US$165.1813
May ’24US$163.03
US$175.38
+7.6%
8.2%US$198.00US$146.00US$156.8613
Apr ’24US$165.32
US$174.46
+5.5%
7.6%US$198.00US$156.00US$176.3213
Mar ’24US$161.49
US$173.93
+7.7%
7.7%US$198.00US$152.00US$179.0014
Feb ’24US$170.67
US$168.85
-1.1%
9.0%US$198.00US$149.00US$182.9413
Analyst Price Target
Consensus Narrative from 20 Analysts
US$193.90
Fair Value
10.6% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 00:42
End of Day Share Price 2025/02/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

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 Github.

Analyst Sources

EastGroup Properties, Inc. is covered by 47 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David RodgersBaird
Nicholas ThillmanBaird
Brendan LynchBarclays