Groep Brussel Lambert NV (GBLB) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Groep Brussel Lambert NV stock €73.38, price €79.45, that is 7.6% below the price, quality 46 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range €54.41 – €83.00 · fair‑value band €55.03 – €91.72 · the €79.45 price screens above the €73.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Groupe Bruxelles Lambert SA invests in a portfolio of industrial, consumer goods, and business service companies in Belgium, other European countries, North America, and internationally.
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It operates through six segments: Holding, Imerys, Canyon, Affidea, Sanoptis, and GBL Capital and Sienna Investment Managers. The company was incorporated in 1902 and is headquartered in Brussels, Belgium.
Stock analysis
Groep Brussel Lambert NV (GBLB) currently trades at €79.45, while our estimate is €73.38, so the stock looks roughly fairly valued today (gap 8.3%).
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Valuation
None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.
Scenario range: €55.03 (bear) to €91.72 (bull), the price of €79.45 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Financial Services sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Groep Brussel Lambert NV reported revenue of €6.4B in FY2025 versus €6.5B in FY2021, a compound −0.3%/yr. Reported net income was −€625M in FY2025.
Key figures
Market cap €9.6B Large · P/S ratio 1.35 · EPS (TTM) €−2.14 · Dividend yield 6.5% · Net margin −5.6% · Return on equity −3.8% · Return on assets (EBIT) 1.8% (5-year average) · Operating margin 9.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (medium confidence).
What moves the price
The share trades about 4% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −19% fair-value upside, at −8%, GBLB screens cheaper than that median.
Fair Value
Bear€55.03Fair Value €73.38Bull€91.72
Price €79.45 · Downside -7.6%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.
Quality Score breakdown
Overall quality46/100
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Profitability10
How much profit the company makes from its sales and capital
Quality Growth44
Are margins and returns getting better?
Cashflow23
Do the profits arrive as real cash?
Financial strength38
Debt, balance sheet and risk of trouble
Investment84
Does it invest with discipline instead of growing at any price?
Low Volatility94
How calm the share price moves, does not count
Price momentum43
Price momentum of the last 3 to 12 months, does not count
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.21/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
+5.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.4%
Start year 2020 (pandemic). Over 10 years: +2.9% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.0%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
18.4% (2019) → 6.4% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+55.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +52.3% a year for the price.
AI conclusion: Limited durable advantage in asset management arises from sustained net losses and negative ROE, even as moves toward co-controlled assets preserve high liquidity and capital returns.
Main risk: Deeper concentration in one regulated business would expose results more directly to sector-specific outcomes and pressure long-term value creation.
GBL and CVC have raised their offer for Recordati to gain joint control of the Italian pharma company. This move aligns with the shift toward co-controlled assets and portfolio simplification while liquidity stays high and capital returns continue. Our models see the holding as overvalued. Will deeper concentration in one regulated business strengthen long-term control and value creation, or will it expose results more directly to sector-specific outcomes?
Compare Groep Brussel Lambert NV with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 658 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Bottom 25%
Fair Value upside−7.6% · Below median
Profitability
Return on assets−2.5% · Bottom 25%
Net margin (12 months)−5.6% · Bottom 25%
Operating margin (12 months)9.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)6.2% · Below median
Dividend yield (12 months)6.5% · Above median
Balance sheet
Debt / equity0.59× · Highest 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
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Is Groep Brussel Lambert NV (GBLB) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is €73.38 versus a price of €79.45, about 8% lower (fairly valued).
What is the fair value of GBLB?
Our estimate for Groep Brussel Lambert NV is €73.38 (as of Nov 10, 2026), built from audited fundamentals. The current price: €79.45.
What is the quality score of GBLB?
Groep Brussel Lambert NV has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Groep Brussel Lambert NV (GBLB)?
Our calculated price target is the estimate of €73.38 (as of Nov 10, 2026). Cautious scenario €55.03, optimistic scenario €91.72. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Groep Brussel Lambert NV stock forecast for 2026?
Our estimate puts fair value at €73.38, about 8% lower versus a price of €79.45 (fairly valued). Cautious scenario €55.03, optimistic scenario €91.72. The calculation is refreshed regularly with new filings.
What is the revenue of Groep Brussel Lambert NV (GBLB)?
Groep Brussel Lambert NV reported trailing-twelve-month revenue of about €6.9B (latest available figure, as of Nov 10, 2026).
Does Groep Brussel Lambert NV pay a dividend?
Groep Brussel Lambert NV currently shows a dividend yield of 6.45% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Groep Brussel Lambert NV (GBLB) and when is the ex-dividend date?
Groep Brussel Lambert NV pays a dividend of €5.13 per share a year, a dividend yield of 6.5%. The last ex-dividend date was May 14, 2026. A dividend has been paid every year since at least 2001. Free cash flow covers the dividend 0.11 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Groep Brussel Lambert NV (GBLB)?
For today's price to be fair in a discounted-cash-flow model, Groep Brussel Lambert NV would have to grow free cash flow by +55.6 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.4 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of GBLB use?
Our models discount Groep Brussel Lambert NV at 8.9 %: a base by market capitalisation (large), damped by beta 0.65, country premium for Belgium. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Groep Brussel Lambert NV that is +55.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Groep Brussel Lambert NV (GBLB) delivered so far?
Over the past 5 years revenue at Groep Brussel Lambert NV grew +0.4 % a year. The price currently implies free-cash-flow growth of +55.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Groep Brussel Lambert NV (GBLB) growing?
The median revenue growth in the sector is +8.8 % a year. That is the yardstick for the growth priced into Groep Brussel Lambert NV (+55.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Groep Brussel Lambert NV (GBLB)?
The free-cash-flow yield on the price is 0.72 %: that much free cash flow Groep Brussel Lambert NV produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Groep Brussel Lambert NV (GBLB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Groep Brussel Lambert NV it is €73.38 per share (as of Nov 10, 2026), against a price of €79.45.
Is Groep Brussel Lambert NV stock overvalued or undervalued in 2026?
As of Nov 10, 2026, GBLB trades above its calculated fair value: price €79.45, fair value €73.38, a gap of about −8% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GBLB?
No. The price is what the market pays today (€79.45); the fair value is what the company's own numbers justify (€73.38). For Groep Brussel Lambert NV the two are €6.07 per share apart. That gap is exactly why we show both numbers side by side.
How much is Groep Brussel Lambert NV worth?
The market values Groep Brussel Lambert NV at about €9.6B (market capitalisation, as of Nov 10, 2026). Per share that is €79.45; our models calculate a fair value of €73.38 per share.
What do the bullish and bearish scenarios say about GBLB?
Our models span a range for Groep Brussel Lambert NV: cautious scenario €55.03, base €73.38, optimistic €91.72 per share (as of Nov 10, 2026, price €79.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of GBLB?
The PEG ratio of Groep Brussel Lambert NV is 0.52 (P/E divided by earnings growth, as of Nov 10, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Groep Brussel Lambert NV (GBLB)?
Balance-sheet figures for Groep Brussel Lambert NV (as of Nov 10, 2026): return on equity −3.8%, debt of 0.59 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is GBLB from its 52-week high?
Groep Brussel Lambert NV trades at €79.45, about 4% below its 52-week high of €83.00 and 17% above the low of €68.13 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of €73.38 is for.
Which stocks are comparable to Groep Brussel Lambert NV?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Asset Management Ltd, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Groep Brussel Lambert NV stock attractive at the current price?
The data as of Nov 10, 2026: price €79.45, calculated fair value €73.38 (−8%), Quality Score 46/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Groep Brussel Lambert NV itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Groep Brussel Lambert NV (GBLB)?
The closing price on Nov 10, 2026 was €79.45. Our estimate is €73.38, about 8% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Groep Brussel Lambert NV right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Groep Brussel Lambert NV (GBLB) come from?
Earnings per share at Groep Brussel Lambert NV grew +1.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.3 %, EBIT margin −9.7 %, tax rate −0.1 %, residual (interest, one-offs) +6.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Groep Brussel Lambert NV
How large is the market capitalisation of Groep Brussel Lambert NV (GBLB)?
The market capitalisation of Groep Brussel Lambert NV is €9.6B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Groep Brussel Lambert NV (GBLB)?
The price-to-sales ratio of Groep Brussel Lambert NV is 1.35 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Groep Brussel Lambert NV (GBLB)?
Earnings per share at Groep Brussel Lambert NV are €−2.14. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Groep Brussel Lambert NV (GBLB)?
The dividend yield of Groep Brussel Lambert NV is 6.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Groep Brussel Lambert NV (GBLB)?
The net margin of Groep Brussel Lambert NV is −5.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Groep Brussel Lambert NV (GBLB)?
The return on equity (ROE) of Groep Brussel Lambert NV is −3.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Groep Brussel Lambert NV (GBLB)?
On an EBIT basis the return on assets of Groep Brussel Lambert NV is 1.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Groep Brussel Lambert NV (GBLB)?
The operating margin of Groep Brussel Lambert NV is 9.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Groep Brussel Lambert NV (GBLB)?
Revenue at Groep Brussel Lambert NV is growing +6.2% versus a year earlier (3y avg +1.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Groep Brussel Lambert NV (GBLB)?
Earnings per share at Groep Brussel Lambert NV are growing −31.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Groep Brussel Lambert NV (GBLB) carry?
The net debt of Groep Brussel Lambert NV is €6.8B (fiscal year 2025, ≈ 98.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 10, 2026