Currys PLC (CURY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Currys PLC stock £1.82, price £1.44, upside +26.2%, quality 56 out of 100. Rating: undervalued. Calculated from audited financials with 24 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 7, 2026.
How to read this chart
60‑month range £0.4215 – £1.66 · fair‑value band £1.25 – £2.38 · the £1.44 price screens below the £1.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Currys plc operates as a omnichannel retailer of technology products and services in the United Kingdom, Ireland, Norway, Sweden, Finland, Denmark, Iceland, Greenland, and the Faroe Islands.
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The company offers consumer electronics and mobile technology products and services; iD Mobile, a mobile virtual network operator solution; and provides repair and insurance services.
It sells its products through franchise and own stores operated under Currys and Elkjøp brand names, as well as through online channels. The company was formerly known as Dixons Carphone plc and changed its name to Currys plc in September 2021.
Currys plc was founded in 1884 and is based in London, the United Kingdom.
Stock analysis
Currys PLC (CURY) currently trades at £1.44, while our model-based Fair Value estimate is £1.82, implying the stock looks roughly 21% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of £3.96 per share, and 20 of the 24 models we run sit above the £1.44 price.
Bear case: the Dividend Discount group reads lowest at £0.2600, and 4 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: £1.25 (bear) to £2.38 (bull), the price of £1.44 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 56/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Currys PLC reported revenue of £9.3B in FY2026 versus £10.1B in FY2022, a compound −2.3%/yr. Reported net income was £165M in FY2026, compounding +23.5%/yr from FY2022.
Key figures
Market cap £1.6B Mid · P/E ratio 10.3 · P/S ratio 0.18 · EPS (TTM) £0.1400 · Dividend yield 2.1% · Net margin 1.8% · Return on equity 7.1% · Return on assets (EBIT) 1.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −5% fair-value upside, at 26%, CURY screens cheaper than that median.
Fair Value models
Bear£1.25Fair Value £1.82Bull£2.38
Price £1.44 · Upside +26.2%
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. Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (£0.0485 per share) are deliberately not added.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.
Best data coverage
FCF DCF£2.95£3.97£5.2282
Growth DCF£2.96£3.85£4.8880
Owner Earnings£3.55£4.78£6.3078
All 24 models by family
DCF Models
FCF DCF£2.95£3.97£5.2282
Owner Earnings£3.55£4.78£6.3078
5Y Revenue Exit£2.43£3.43£4.6773
5Y EBITDA Exit£3.63£5.64£7.9575
5Y P/E Exit£2.71£3.95£5.2171
10Y Revenue Exit£2.59£3.47£4.5668
10Y EBITDA Exit£3.29£4.77£6.6868
10Y P/E Exit£2.79£3.77£4.9165
Earnings-Based
Graham-Dodd£1.10£3.21£4.2465
Lynch FV£0.6700£0.9500£1.2461
PEG = 1.0£0.6700£0.9500£1.2457
EPV£1.56£1.73£1.8774
Dividend Discount
Gordon GGM£0.1600£0.2800£0.360068
DDM Multi-Stage£0.1600£0.2400£0.300067
Multiples
P/E Multiple£2.67£3.56£4.4563
P/S Multiple£2.07£2.75£3.4458
EV/EBIT£2.15£3.13£4.1065
EV/EBITDA£3.78£5.29£6.8167
EV/Revenue£1.20£2.05£2.8952
Growth DCF
Growth DCF£2.96£3.85£4.8880
Rev-Margin DCF£2.43£3.47£4.6673
Economic Profit
Residual Income£1.73£1.73£1.8276
ROIC Compounder£1.56£1.73£1.8772
Growth Earnings
Growth-Adj P/E£2.15£3.07£4.0067
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
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.39/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+6.3%
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.
−0.9%
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.
−2.2%
Start year 2021 (pandemic). Over 10 years: −0.5% a year
Revenue growth 21 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.
+6.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
≈ +34.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +32.7%
Dividend (yield on the price)2.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 32.7% / −3.0%
Profit margin 2021 to 2026 ⓘ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.1% → 2%
⚠ Base effect: the rate starts in the earnings trough around 2021 (starting value 0.035 per share, median 0.14 in 2016 to 2019). It measures the recovery from the trough, not lasting growth.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
−10.0%
The company could shrink this much every year for the next five years and today's price would still be justified.
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.
+2.6%
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 −12.0% a year for the price and +0.3% 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.Specialty Retail · 203 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Below median
Fair Value upside+26.2% · Above median
Profitability
Return on equity (12 months)7.1% · Below median
Return on assets2.9% · Below median
Net margin (12 months)1.8% · Below median
Operating margin (12 months)3.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)4.9% · Above median
Dividend yield (12 months)2.1% · Below median
Valuation Multiplesvs Specialty Retail median · lower = cheaper
P/E (12 months)10.3× · Cheapest 25%
P/B0.68× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)0.18× · Cheapest 25%
Price / free cash flow (fiscal year)5.9× · Cheaper than median
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). "Currys PLC Fair Value". https://www.fairvalue-calculator.com/stock/CURY
Frequently asked questions
Is Currys PLC (CURY) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of £1.82 versus a price of £1.44, about +26% upside (undervalued).
What is the fair value of CURY?
Our model-based fair value for Currys PLC is £1.82 (as of Nov 7, 2026), built from audited fundamentals. The current price: £1.44.
What is the quality score of CURY?
Currys 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 Currys PLC (CURY)?
Our model-based price target is the fair value of £1.82 (as of Nov 7, 2026) from 24 valuation models. Cautious scenario £1.25, optimistic scenario £2.38. It is a calculation from audited fundamentals, not an analyst target.
What is the Currys PLC stock forecast for 2026?
Our models put fair value at £1.82, about +26% upside versus a price of £1.44 (undervalued). Cautious scenario £1.25, optimistic scenario £2.38. The calculation is refreshed regularly with new filings.
What is the revenue of Currys PLC (CURY)?
Currys PLC reported trailing-twelve-month revenue of about £9.3B (latest available figure, as of Nov 7, 2026).
Does Currys PLC pay a dividend?
Currys PLC currently shows a dividend yield of 2.08% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Currys PLC (CURY) and when is the ex-dividend date?
Currys PLC pays a dividend of £0.03 per share a year, a dividend yield of 2.1%. The last ex-dividend date was Aug 27, 2026. The payout ratio is 21.4% of earnings. Free cash flow covers the dividend 9.13 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Currys PLC (CURY)?
For today's price to be fair in a discounted-cash-flow model, Currys PLC would have to grow free cash flow by -10.0 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.2 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of CURY use?
Our models discount Currys PLC at 12.5 %: a base by market capitalisation (small), damped by beta 1.24, 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 Currys PLC that is -10.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has Currys PLC (CURY) delivered so far?
Over the past 5 years revenue at Currys PLC grew -2.2 % a year. The price currently implies free-cash-flow growth of -10.0 % 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 Currys PLC (CURY) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Currys PLC (-10.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Currys PLC (CURY)?
The free-cash-flow yield on the price is 17.01 %: that much free cash flow Currys PLC produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Currys PLC (CURY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Currys PLC it is £1.82 per share (as of Nov 7, 2026), against a price of £1.44. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Currys PLC stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CURY trades below its calculated fair value: price £1.44, fair value £1.82, a gap of about +26% (undervalued). 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 CURY?
No. The price is what the market pays today (£1.44); the fair value is what the company's own numbers justify (£1.82). For Currys PLC the two are £0.3774 per share apart. That gap is exactly why we show both numbers side by side.
How much is Currys PLC worth?
The market values Currys PLC at about £1.6B (market capitalisation, as of Nov 7, 2026). Per share that is £1.44; our models calculate a fair value of £1.82 per share.
What do the bullish and bearish scenarios say about CURY?
Our models span a range for Currys PLC: cautious scenario £1.25, base £1.82, optimistic £2.38 per share (as of Nov 7, 2026, price £1.44). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CURY?
Currys PLC trades at a price-to-earnings ratio of 10.3 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £1.82 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2017 to 2026), reported earnings: 13.1. Other multiples: PEG 1.0, P/B 0.7, P/S 0.2, EV/EBITDA 4.7.
What is the PEG ratio of CURY?
The PEG ratio of Currys PLC is 1.01 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Currys PLC (CURY)?
Balance-sheet figures for Currys PLC (as of Nov 7, 2026): return on equity 7.1%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is CURY from its 52-week high?
Currys PLC trades at £1.44, about 13% below its 52-week high of £1.66 and 24% above the low of £1.16 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of £1.82 is for.
Which stocks are comparable to Currys PLC?
From the same area (Consumer Cyclical) we also value Alimentation Couche-Tard Inc, Williams-Sonoma, Inc, Ulta Beauty, Inc, Casey's General Stores, 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 Currys PLC stock attractive at the current price?
The data as of Nov 7, 2026: price £1.44, calculated fair value £1.82 (+26%), Quality Score 56/100, from 24 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 CURY calculated?
We run Currys PLC through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of £1.82 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. Currys PLC currently trades 21% below its own fair value, and the market average says nothing about that. 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 Currys PLC (CURY)?
The closing price on Nov 6, 2026 was £1.44. Our model-based fair value is £1.82, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Currys PLC right now?
Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (£1.25 to £2.38) leaves room in how you read the outcome.
Where does the earnings growth of Currys PLC (CURY) come from?
Earnings per share at Currys PLC grew −4.7 % a year from 2016 to 2026. Broken into its drivers: revenue per share −1.3 %, EBIT margin −6.6 %, tax rate +3.8 %, residual (interest, one-offs) −0.5 %. 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 Currys PLC
How large is the market capitalisation of Currys PLC (CURY)?
The market capitalisation of Currys PLC is £1.6B. 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 Currys PLC (CURY)?
The price-to-sales ratio of Currys PLC is 0.18 (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 Currys PLC (CURY)?
Earnings per share at Currys PLC are £0.1400 (price ÷ EPS = P/E 10.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Currys PLC (CURY)?
The dividend yield of Currys PLC is 2.1% (payout 21.4%). 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 Currys PLC (CURY)?
The net margin of Currys PLC is 1.8% (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 Currys PLC (CURY)?
The return on equity (ROE) of Currys PLC is 7.1% (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 Currys PLC (CURY)?
On an EBIT basis the return on assets of Currys PLC is 1.4% (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 Currys PLC (CURY)?
The operating margin of Currys PLC is 3.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Currys PLC (CURY)?
Revenue at Currys PLC is growing +4.9% versus a year earlier (3y avg −0.9%). 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 Currys PLC (CURY)?
Earnings per share at Currys PLC are growing +28.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Currys PLC (CURY) carry?
The net debt of Currys PLC is £776M (fiscal year 2026, ≈ 2.8 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 7, 2026