Galp Energa (GLPEY) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Galp Energa $9.64, price $12.68, upside -24.0%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 24, 2026.
How to read this chart
60‑month range $3.82 – $12.70 · fair‑value band $5.44 – $14.32 · the $12.68 price screens above the $9.64 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. Dashed = 300-day average. As of Sep 24, 2026.
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Galp Energia, SGPS, S.A. operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, and Namibia.
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Galp Energia, SGPS, S.A. operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, and Namibia. The Industrial & Midstream segment involved in refining and logistics business in Portugal, as well as is involved in activities related to oil products, carbon dioxide, gas, and power supply and trading activities. This segment also includes co-generation. The Commercial segment is involved in the areas of retail to final business-to-business and business to oil, gas, electric mobility, power and non-fuel products. The Renewables segment is involved in the renewables power generation and new businesses. In addition, the company engages in the reinsurance business. The company was formerly known as Galp " Petróleos e Gás de Portugal, SGPS, S.A. and changed its name to Galp Energia, SGPS, S.A. in September 2000. Galp Energia, SGPS, S.A. was incorporated in 1999 and is headquartered in Lisbon, Portugal.
Stock analysis
Galp Energa (GLPEY) currently trades at $12.68, while our model-based Fair Value estimate is $9.64, implying the stock looks roughly 31.5% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $10.07 per share, and 2 of the 26 models we run sit above the $12.68 price.
Bear case: the Asset-Based group reads lowest at $1.98, and 24 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $5.44 (bear) to $14.32 (bull), the price of $12.68 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 53/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Galp Energa reported revenue of €19.5B in FY2025 versus €16.1B in FY2021, a compound +4.9%/yr. Reported net income was €1.1B in FY2025, compounding +54.1%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap $17.1B · P/E ratio 17.7 · P/S ratio 0.97 · EPS (TTM) $0.6000 · Dividend yield 5.0% · Net margin 5.5% · Return on equity 16.1% · Return on assets (EBIT) 15.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 58% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −21% fair-value upside, at −24%, GLPEY screens richer than that median.
Fair Value models
Bear $5.44Fair Value $9.64Bull $14.32
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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 growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−8.5%
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.
−10.1%
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.
+11.4%
Start year 2020 (pandemic). Over 10 years: +2.3% a year
Revenue growth 23 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.
+15.6%
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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.
+15.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.7%
Dividend (yield on the price)5.0%
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.11% vs 15%, slowing
Profit margin 2020 to 2025 ⓘ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% → 9%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 4.3%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+40.7%
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.
−3.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +37.7% a year for the price and −5.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (95 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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.Oil & Gas Integrated · 52 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−24% · Below median
Profitability
Return on equity (TTM)16% · Top 25%
Return on assets9% · Top 25%
Net margin (TTM)3% · Below median
Operating margin (TTM)15% · Above median
Growth and dividend
Revenue growth5% · Above median
Dividend yield (TTM)5.0% · Above median
Balance sheet
Debt / equity0.70× · Highest 25%
Valuation Multiplesvs Oil & Gas Integrated median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Galp Energa Fair Value". https://www.fairvalue-calculator.com/stock/GLPEY
Frequently asked questions
Is Galp Energa (GLPEY) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $9.64 versus a price of $12.68, about −24% upside (overvalued).
What is the fair value of GLPEY?
Our model-based fair value for Galp Energa is $9.64 (as of Sep 24, 2026), built from audited fundamentals. The current price: $12.68.
What is the quality score of GLPEY?
Galp Energa has a Quality Score of 53/100. 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 Galp Energa (GLPEY)?
Our model-based price target is the fair value of $9.64 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario $5.44, optimistic scenario $14.32. It is a calculation from audited fundamentals, not an analyst target.
What is the Galp Energa stock forecast for 2026?
Our models put fair value at $9.64, about −24% upside versus a price of $12.68 (overvalued). Cautious scenario $5.44, optimistic scenario $14.32. The calculation is refreshed regularly with new filings.
What is the revenue of Galp Energa (GLPEY)?
Galp Energa reported trailing-twelve-month revenue of about €19.7B (latest available figure, as of Sep 24, 2026).
Does Galp Energa pay a dividend?
Galp Energa currently shows a dividend yield of about 5.05% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Galp Energa (GLPEY)?
For today's price to be fair in a discounted-cash-flow model, Galp Energa would have to grow free cash flow by +40.7 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of GLPEY use?
Our models discount Galp Energa at 9.2 %: a base by market capitalisation (large), country premium for USA. 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 Galp Energa that is +40.7 % per year a year over ten years, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has Galp Energa (GLPEY) delivered so far?
Over the past 5 years revenue at Galp Energa grew +11.4 % a year. The price currently implies +40.7 % per year free-cash-flow growth a 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 Galp Energa (GLPEY) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Galp Energa (+40.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Galp Energa (GLPEY)?
The free-cash-flow yield on the price is 0.96 %: that much free cash flow Galp Energa produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Galp Energa (GLPEY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Galp Energa it is $9.64 per share (as of Sep 24, 2026), against a price of $12.68. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Galp Energa stock overvalued or undervalued in 2026?
As of Sep 24, 2026, GLPEY trades above its calculated fair value: price $12.68, fair value $9.64, a gap of about −24% (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 GLPEY?
No. The price is what the market pays today ($12.68); the fair value is what the company's own numbers justify ($9.64). For Galp Energa the two are $3.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is Galp Energa worth?
The market values Galp Energa at about $17.1B (market capitalisation, as of Sep 24, 2026). Per share that is $12.68; our models calculate a fair value of $9.64 per share.
What do the bullish and bearish scenarios say about GLPEY?
Our models span a range for Galp Energa: cautious scenario $5.44, base $9.64, optimistic $14.32 per share (as of Sep 24, 2026, price $12.68). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GLPEY?
Galp Energa trades at a price-to-earnings ratio of 17.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $9.64 is built from several models across several years. Other multiples: PEG 0.9, P/B 3.9, P/S 0.9, EV/EBITDA 6.7.
What is the PEG ratio of GLPEY?
The PEG ratio of Galp Energa is 0.95 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Galp Energa (GLPEY)?
Balance-sheet figures for Galp Energa (as of Sep 24, 2026): return on equity 16.1%, debt of 0.70 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is GLPEY from its 52-week high?
Galp Energa trades at $12.68, at its 52-week high of $12.70 and 58% above the low of $8.05 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $9.64 is for.
Which stocks are comparable to Galp Energa?
From the same area (Energy) we also value Saudi Arabian Oil Company, Exxon Mobil Corporation, Chevron Corporation, PetroChina Company, 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 Galp Energa stock attractive at the current price?
The data as of Sep 24, 2026: price $12.68, calculated fair value $9.64 (−24%), Quality Score 53/100, from 26 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 GLPEY calculated?
We run Galp Energa through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $9.64, 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 14.1 % above its aggregate fair value. Galp Energa 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 Galp Energa (GLPEY)?
The closing price on Sep 23, 2026 was $12.68. Our model-based fair value is $9.64, about −24% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Galp Energa right now?
The model range is unusually wide ($5.44 to $14.32). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Galp Energa
How large is the market capitalisation of Galp Energa (GLPEY)?
The market capitalisation of Galp Energa is $17.1B. 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 Galp Energa (GLPEY)?
The price-to-sales ratio of Galp Energa is 0.97 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Galp Energa (GLPEY)?
Earnings per share at Galp Energa are $0.6000 (price ÷ EPS = P/E 17.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Galp Energa (GLPEY)?
The dividend yield of Galp Energa is 5.0% (payout 107%). 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 Galp Energa (GLPEY)?
The net margin of Galp Energa is 5.5% (fiscal year 2025). 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 Galp Energa (GLPEY)?
The return on equity (ROE) of Galp Energa is 16.1% (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 Galp Energa (GLPEY)?
On an EBIT basis the return on assets of Galp Energa is 15.0% (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 Galp Energa (GLPEY)?
The operating margin of Galp Energa is 14.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Galp Energa (GLPEY)?
Revenue at Galp Energa is growing +4.8% versus a year earlier (3y avg −10.1%). 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 Galp Energa (GLPEY)?
Earnings per share at Galp Energa are growing +530% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Galp Energa (GLPEY) carry?
The net debt of Galp Energa is €2.5B (fiscal year 2025, ≈ 8.1 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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Broad data
Sep 24, 2026