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STOCK COMPARISON

Simon Property Group vs Vastned Retail Belgium: Fair Value & Quality

Both stocks run through our valuation models. Here is how Simon Property Group (SPG) and Vastned Retail Belgium (VASTB) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Vastned Retail Belgium as the less overvalued of the two: Simon Property Group trades at $204 versus a fair value of $112 (-45%), while Vastned Retail Belgium trades at €28.20 versus €21.16 (-25%).
Simon Property Group
SPG · USD · Real Estate
-45%
upside to fair value
overvalued
Price$204
Fair Value$112
Quality57/100
Vastned Retail Belgium
VASTB.BR · EUR · Real Estate
-25%
upside to fair value
overvalued
Price€28.20
Fair Value€21.16
Quality49/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Simon Property GroupVastned Retail Belgium
Valuation
14.9×P/E (TTM)8.3×
12.26×P/S (TTM)7.66×
15.65×P/B0.71×
22.2×EV/EBITDA17.3×
8.74×PEG2.12×
−45.2%Fair value upside−25.0%
4.2%Dividend yield6.6%
$8.65Dividend per share€1.85
Profitability
43%Operating margin85%
1.17×EBIT margin trend (5Y)0.96×
114%Return on equity10%
6%Return on assets4%
Growth
19%Revenue growth (YoY)-11%
6.3%Avg. growth/yr (3Y)55.8%
6.7%Avg. growth/yr (5Y)31.2%
+10.0%Value creation/yr+27.5%
Balance & size
3.3×Interest coverage (EBIT/interest)3.2×
5.46×Debt / equity0.61×
$82BMarket cap$518M
healthyGrowth qualityhealthy

Vastned Retail Belgium leads: 3 to 12 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Simon Property Groupof which business quality 54 · market factors 56 Vastned Retail Belgiumof which business quality 50 · market factors 54
ProfitabilityMargins and returns on capital today
59
36
Quality GrowthAre margins and returns improving?
70
72
CashflowEarnings quality: real cash, not paper profit
77
80
Fin. StrengthBalance sheet, leverage, solvency risk
9
63
InvestmentDisciplined investing over empire-building
35
33
Low VolatilityCalm price path (market factor)
63
91
MomentumPrice trend over the last 3–12 months (market factor)
52
41
52W MomentumDistance to the 52-week high (market factor)
53
36
Net IssuanceShare count: buybacks or dilution?
83
0

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familySimon Property GroupPrice $204Vastned Retail BelgiumPrice €28.20
DCF Models-31%below the price$142-12%close to the price€24.78
Dividend Discount-29%below the price$144-95%below the price€1.46
Multiples-38%below the price$128+2%close to the price€28.63
Asset-Based-95%below the price$10.76+7%close to the price€30.09
Growth DCF-50%below the price$102-41%below the price€16.52
Economic Profit-55%below the price$92.53+21%above the price€34.12
Minimum-95%below the price$10.76-95%below the price€1.46
Maximum-29%below the price$144+21%above the price€34.12
Median-44%below the price$115-5%close to the price€26.71
Geometric mean-61%below the price$80.20-43%below the price€16.11

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Simon Property Group: 16 of 16 models see the stock below the current price.

Vastned Retail Belgium: 9 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Simon Property Group
Price $204
Fair Value $112
Bear $61.87Bull $194
Vastned Retail Belgium
Price €28.20
Fair Value €21.16
Bear €5.83Bull €38.18

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Simon Property Group · Real Estate

Quality score57 · above median
Fair value upside-45% · bottom 25%

Vastned Retail Belgium · Real Estate

Quality score49 · below median
Fair value upside-25% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Vastned Retail Belgium as the less overvalued of the two: Simon Property Group trades at $204 versus a fair value of $112 (-45%), while Vastned Retail Belgium trades at €28.20 versus €21.16 (-25%).

Simon Property Group has the higher quality score (57/100).

Open Vastned Retail Belgium live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.