BT Group (BTGOF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of BT Group $2.16, price $2.46, upside -12.2%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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BT Group
BTGOF · USWeak valuationQuality is weak on top of the rich price.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range $1.07 – $3.18 · fair‑value band $1.49 – $3.99 · the $2.46 price screens above the $2.16 fair value. Dashed = 300-day average. As of Sep 29, 2026.
Company profile
BT Group plc provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Consumer, Business, International, and Openreach segments.
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BT Group plc provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Consumer, Business, International, and Openreach segments. It builds, owns, and operates fixed and mobile networks; and designs, builds, markets, sells, and supports network access, connectivity, and related products. The company also offers mobile, broadband, and landline, as well as entertainment services to individuals and households; connectivity, networking, cybersecurity, collaboration tools, cloud connectivity, and cloud services to private and public sector businesses; and managed solutions for larger businesses and public sector customers. In addition, it provides fixed and IP voice; unified communications; mobile; fixed and networking; managed services; and security, and cloud and IoT solutions. Further, the company develops, manages, and leases network infrastructure, including mobile cell and switch sites; and offers handsets, network equipment, consumer electronics, gaming and insurance. It provides its products and services under the BT, EE, Plusnet, and Openreach brands. The company was formerly known as Newgate Telecommunications Limited and changed its name to BT Group plc in September 2001. BT Group plc was founded in 1846 and is headquartered in London, the United Kingdom.
Stock analysis
BT Group (BTGOF) currently trades at $2.46, while our model-based Fair Value estimate is $2.16, 12.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $3.19 per share, and 10 of the 24 models we run sit above the $2.46 price.
Bear case: the Dividend Discount group reads lowest at $1.09, and 14 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $1.49 (bear) to $3.99 (bull), the price of $2.46 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 50/100 (below-average quality), in the Communication Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
BT Group reported revenue of £19.7B in FY2026 versus £20.9B in FY2022, a compound −1.4%/yr. Reported net income was £1.1B in FY2026, compounding −4.1%/yr from FY2022.
Key figures
Market cap $26.7B · P/E ratio 16.4 · P/S ratio 0.90 · EPS (TTM) $0.1500 · Dividend yield 3.4% · Net margin 5.5% · Return on equity 8.5% · Return on assets (EBIT) 5.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 36% fair-value upside, at −12%, BTGOF screens richer than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 47 · Market factors (momentum, volatility) 38
Revenue & earnings trend
Growth Forecast
BTGOF screens overvalued: fair value 12% below the price. Compare with China Mobile Limited →
Compare BT Group with another stock
Price, fair value, quality and upside side by side.
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.Telecom Services · 237 stocks
Valuation Multiplesvs Telecom Services median · lower = cheaper
Context: sector, industry, market
- Is the Communication Services sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Communication Services
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Telecom Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Mobile Limited 80941 | HK$67.30 | HK$114.85 | +71% |
| Verizon Communications Inc VZ | $45.87 | $70.27 | +53% |
| T-Mobile US, Inc TMUS | $162.98 | $272.88 | +67% |
| AT&T Inc T | $24.48 | $51.11 | +109% |
| Bharti Airtel Limited BHARTIARTL | ₹1,741 | ₹1,883 | +8% |
| China Telecom Corporation 601728 | ¥6.16 | ¥8.36 | +36% |
| Saudi Telecom Company 7010 | 43.22 SAR | 41.80 SAR | −3% |
| Singapore Telecommunications Limited Z74 | 4.28 SGD | 2.16 SGD | −50% |
| Swisscom AG SCMN | CHF 639.00 | CHF 505.18 | −21% |
| Telstra Group TLS | A$4.83 | A$4.43 | −8% |
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Frequently asked questions
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Key figures of BT Group
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