Workspace Group PLC (WKP) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Workspace Group PLC stock £0.71, price £3.52, that is 79.9% below the price, quality 56 out of 100. Rating: strongly overvalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, 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 8, 2026.
How to read this chart
60‑month range £2.69 – £7.35 · fair‑value band £0.3400 – £2.42 · the £3.52 price screens above the £0.7100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Workspace Group Plc is London's leading owner and operator of flexible workspace, currently managing 3.8 million sq. ft. of sustainable space at 57 locations in London and the Southeast. The firm is home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors.
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Their purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realise their potential.
They have a unique combination of a highly effective and scalable operating platform, a portfolio of distinctive properties, and an ownership model that allows us to offer true flexibility.
The firm provide customers with space to create a home for their business, alongside leases that give them the freedom to easily scale up and down within our well-connected, extensive portfolio.
They are inherently sustainable and invest across the capital, breathing new life into old buildings and creating hubs of economic activity that help flatten London's working map.
Workspace Group Plc work closely with their local communities to ensure they make a positive and lasting environmental and social impact, creating value over the long term.
Workspace was established in July 10, 1987 and incorporated in United Kingdom and has been listed on the London Stock Exchange since 1993.
Stock analysis
Workspace Group PLC (WKP) currently trades at £3.52, while our model-based Fair Value estimate is £0.7100, 80% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of £4.62 per share, and 1 of the 8 models we run sit above the £3.52 price.
Bear case: the Multiples group reads lowest at £0.2100, and 7 of the 8 models stay below the price. Data coverage for this calculation is medium.
Scenario range: £0.3400 (bear) to £2.42 (bull), the price of £3.52 sits above 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 56/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Workspace Group PLC reported revenue of £181M in FY2026 versus £133M in FY2022, a compound +8.1%/yr. Reported net income was −£120M in FY2026.
Key figures
Market cap £677M Small · P/S ratio 3.61 · EPS (TTM) £−0.6300 · Dividend yield 8.1% · Net margin −66.3% · Return on equity −8.5% · Return on assets (EBIT) 1.1% (5-year average) · Operating margin 53.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 16% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −1% fair-value upside, at −80%, WKP screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (£0.0600 to £4.62). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear£0.3400Fair Value £0.7100Bull£2.42
Price £3.52 · Downside -79.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
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.40/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.1%
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.
+1.4%
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.
+5.0%
Start year 2021 (pandemic). Over 10 years: +5.6% a year
Revenue growth 37 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.
+11.8%
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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.
64.6% (2020) → 20.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 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 and more than analysts expect.
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).
+18.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−8.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +15.5% a year for the price and −10.3% for the forecasts.
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.REIT - Office · 63 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−79.9% · Bottom 25%
Profitability
Return on assets−5.4% · Bottom 25%
Net margin (12 months)−66.3% · Bottom 25%
Operating margin (12 months)53.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)−1.6% · Below median
Dividend yield (12 months)8.1% · Above median
Balance sheet
Debt / equity0.57× · Below median
Valuation Multiplesvs REIT - Office median · lower = cheaper
P/B0.51× · Cheaper than median
P/S (12 months)3.73× · Cheaper than median
Price / free cash flow (fiscal year)11.3× · Cheaper than median
EV/EBITDA15.2× · Pricier than median
PEG1.54× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 41
FUTURE (revenue growth)0· sector 6
PAST (return on equity)0· sector 9
HEALTH (low debt)72· sector 69
DIVIDEND (yield)100· sector 100
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Workspace Group PLC Fair Value". https://www.fairvalue-calculator.com/stock/WKP
Frequently asked questions
Is Workspace Group PLC (WKP) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of £0.7100 versus a price of £3.52, about 80% lower (overvalued).
What is the fair value of WKP?
Our model-based fair value for Workspace Group PLC is £0.7100 (as of Nov 8, 2026), built from audited fundamentals. The current price: £3.52.
What is the quality score of WKP?
Workspace Group PLC has a Quality Score of 56/100. 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 Workspace Group PLC (WKP)?
Our model-based price target is the fair value of £0.7100 (as of Nov 8, 2026) from 10 valuation models. Cautious scenario £0.3400, optimistic scenario £2.42. It is a calculation from audited fundamentals, not an analyst target.
What is the Workspace Group PLC stock forecast for 2026?
Our models put fair value at £0.7100, about 80% lower versus a price of £3.52 (overvalued). Cautious scenario £0.3400, optimistic scenario £2.42. The calculation is refreshed regularly with new filings.
What is the revenue of Workspace Group PLC (WKP)?
Workspace Group PLC reported trailing-twelve-month revenue of about £181M (latest available figure, as of Nov 8, 2026).
Does Workspace Group PLC pay a dividend?
Workspace Group PLC currently shows a dividend yield of 8.06% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Workspace Group PLC (WKP) and when is the ex-dividend date?
Workspace Group PLC pays a dividend of £0.284 per share a year, a dividend yield of 8.1%. The last ex-dividend date was Jul 2, 2026. A dividend has been paid every year since at least 1994. Free cash flow covers the dividend 1.10 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into Workspace Group PLC (WKP)?
For today's price to be fair in a discounted-cash-flow model, Workspace Group PLC would have to grow free cash flow by +18.2 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of WKP use?
Our models discount Workspace Group PLC at 11.9 %: a base by market capitalisation (small), damped by beta 1.05, country premium for United Kingdom. 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 Workspace Group PLC that is +18.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Workspace Group PLC (WKP) delivered so far?
Over the past 5 years revenue at Workspace Group PLC grew +5.0 % a year. The price currently implies free-cash-flow growth of +18.2 % 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 Workspace Group PLC (WKP) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Workspace Group PLC (+18.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Workspace Group PLC (WKP)?
The free-cash-flow yield on the price is 8.89 %: that much free cash flow Workspace Group PLC produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Workspace Group PLC (WKP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Workspace Group PLC it is £0.7100 per share (as of Nov 8, 2026), against a price of £3.52. It is the blended result of 10 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Workspace Group PLC stock overvalued or undervalued in 2026?
As of Nov 8, 2026, WKP trades above its calculated fair value: price £3.52, fair value £0.7100, a gap of about −80% (overvalued). 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 WKP?
No. The price is what the market pays today (£3.52); the fair value is what the company's own numbers justify (£0.7100). For Workspace Group PLC the two are £2.81 per share apart. That gap is exactly why we show both numbers side by side.
How much is Workspace Group PLC worth?
The market values Workspace Group PLC at about £677M (market capitalisation, as of Nov 8, 2026). Per share that is £3.52; our models calculate a fair value of £0.7100 per share.
What do the bullish and bearish scenarios say about WKP?
Our models span a range for Workspace Group PLC: cautious scenario £0.3400, base £0.7100, optimistic £2.42 per share (as of Nov 8, 2026, price £3.52). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of WKP?
The PEG ratio of Workspace Group PLC is 1.54 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Workspace Group PLC (WKP)?
Balance-sheet figures for Workspace Group PLC (as of Nov 8, 2026): return on equity −8.5%, debt of 0.57 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is WKP from its 52-week high?
Workspace Group PLC trades at £3.52, about 14% below its 52-week high of £4.09 and 16% above the low of £3.04 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of £0.7100 is for.
Which stocks are comparable to Workspace Group PLC?
From the same area (Real Estate) we also value BXP, Inc, MERLIN Properties SOCIMI, S.A, Alexandria Real Estate Equities, Inc, Vornado Realty Trust, 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 Workspace Group PLC stock attractive at the current price?
The data as of Nov 8, 2026: price £3.52, calculated fair value £0.7100 (−80%), Quality Score 56/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WKP calculated?
We run Workspace Group PLC through 10 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of £0.7100 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Workspace Group PLC 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 Workspace Group PLC (WKP)?
The closing price on Nov 6, 2026 was £3.52. Our model-based fair value is £0.7100, about 80% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Workspace Group PLC right now?
The price sits above even our optimistic bull case (£2.42). The favourable scenario is already priced in. The model range is unusually wide (£0.3400 to £2.42). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Workspace Group PLC
How large is the market capitalisation of Workspace Group PLC (WKP)?
The market capitalisation of Workspace Group PLC is £677M. 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 Workspace Group PLC (WKP)?
The price-to-sales ratio of Workspace Group PLC is 3.61 (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 Workspace Group PLC (WKP)?
Earnings per share at Workspace Group PLC are £−0.6300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Workspace Group PLC (WKP)?
The dividend yield of Workspace Group PLC is 8.1%. 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 Workspace Group PLC (WKP)?
The net margin of Workspace Group PLC is −66.3% (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 Workspace Group PLC (WKP)?
The return on equity (ROE) of Workspace Group PLC is −8.5% (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 Workspace Group PLC (WKP)?
On an EBIT basis the return on assets of Workspace Group PLC is 1.1% (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 Workspace Group PLC (WKP)?
The operating margin of Workspace Group PLC is 53.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Workspace Group PLC (WKP)?
Revenue at Workspace Group PLC is growing −1.6% versus a year earlier (3y avg +1.4%). 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 Workspace Group PLC (WKP)?
Earnings per share at Workspace Group PLC are growing +901% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Workspace Group PLC (WKP) carry?
The net debt of Workspace Group PLC is £783M (fiscal year 2026, ≈ 13.0 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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Nov 8, 2026