GREAT PORTLAND ESTATES PLC (GPE) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of GREAT PORTLAND ESTATES PLC stock £1.90, price £3.41, that is 44.3% below the price, quality 37 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
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 1, 2026.
How to read this chart
60‑month range £2.51 – £5.86 · fair‑value band £1.42 – £2.37 · the £3.41 price screens above the £1.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 1, 2026.
Follow GREAT PORTLAND ESTATES in your weekly email
Every Wednesday you see whether GREAT PORTLAND ESTATES is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Great Portland Estates Plc is a FTSE 250 property investment and development company, owning a 2.4 billion pounds portfolio of London real estate. They aim to deliver value by unlocking the often hidden potential in central London commercial real estate, a market we know inside out.
Show moreShow less
They reposition properties, let off low rents and rich with opportunities for improvement, into more valuable spaces that are attractive to a diverse range of occupiers. The firm operate in highly cyclical markets.
The firm's strategy is to capture the opportunities that this cyclicality creates through our active business model, flexing our activities in tune with changing market conditions, increasing and reducing operational risk as appropriate, whilst always maintaining low financial leverage.
Their culture lies at the heart of our ability to achieve our strategic goals. It is entrepreneurial and pragmatic with an emphasis on cross-disciplinary teamwork.
They also believe that building strong and enduring relationships with our occupiers, service partners, joint venture partners and other stakeholders is critical to our success. Great Portland Estates Plc was incorporated in 1959 in United Kingdom.
Stock analysis
GREAT PORTLAND ESTATES PLC (GPE) currently trades at £3.41, while our model-based Fair Value estimate is £1.90, 44.3% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Economic Profit group reads highest at a median of £4.14 per share, and 3 of the 6 models we run sit above the £3.41 price.
Bear case: the Dividend Discount group reads lowest at £0.8000, and 3 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: £1.42 (bear) to £2.37 (bull), the price of £3.41 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 37/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
GREAT PORTLAND ESTATES PLC reported revenue of £118M in FY2026 versus £84.2M in FY2022, a compound +8.8%/yr. Reported net income was £155M in FY2026, compounding −2.0%/yr from FY2022.
Key figures
Market cap £1.4B Small · P/E ratio 8.9 · P/S ratio 10.7 · EPS (TTM) £0.3831 · Dividend yield 2.3% · Net margin 121% · Return on equity 7.5% · Return on assets (EBIT) −1.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 7% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −2% fair-value upside, at −44%, GPE screens richer than that median.
Fair Value models
Bear£1.42Fair Value £1.90Bull£2.37
Price £3.41 · Downside -44.3%
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 7 months old). Earnings retained since then (£0.1781 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.
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.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+25.2%
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.
+8.9%
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.
+5.9%
Start year 2021 (pandemic). Over 10 years: −0.2% a year
Revenue growth 40 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.
+4.4%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
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.
+0.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.3%
Dividend (yield on the price)2.3%
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.−2.3% vs −14.7%, picking up
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.35% → 21%
News mood ⓘNews mood, the average tone of recent news (4 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.
Compare GREAT PORTLAND ESTATES PLC with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 65 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−44.3% · Bottom 25%
Profitability
Return on equity (12 months)7.5% · Top 25%
Return on assets5.0% · Top 25%
Net margin (12 months)120.6% · Top 25%
Operating margin (12 months)20.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)28.3% · Top 25%
Dividend yield (12 months)2.3% · Bottom 25%
Balance sheet
Debt / equity0.37× · Lowest 25%
Valuation Multiplesvs REIT - Office median · lower = cheaper
P/E (12 months)8.9× · Cheapest 25%
P/B0.65× · Pricier than median
P/S (12 months)10.74× · Priciest 25%
EV/EBITDA60.8× · Priciest 25%
PEG2.22× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 45
FUTURE (revenue growth)100· sector 6
PAST (return on equity)30· sector 9
HEALTH (low debt)81· sector 69
DIVIDEND (yield)46· 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.
Is GREAT PORTLAND ESTATES PLC (GPE) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of £1.90 versus a price of £3.41, about 44% lower (overvalued).
What is the fair value of GPE?
Our model-based fair value for GREAT PORTLAND ESTATES PLC is £1.90 (as of Nov 1, 2026), built from audited fundamentals. The current price: £3.41.
What is the quality score of GPE?
GREAT PORTLAND ESTATES PLC has a Quality Score of 37/100. 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 GREAT PORTLAND ESTATES PLC (GPE)?
Our model-based price target is the fair value of £1.90 (as of Nov 1, 2026) from 6 valuation models. Cautious scenario £1.42, optimistic scenario £2.37. It is a calculation from audited fundamentals, not an analyst target.
What is the GREAT PORTLAND ESTATES PLC stock forecast for 2026?
Our models put fair value at £1.90, about 44% lower versus a price of £3.41 (overvalued). Cautious scenario £1.42, optimistic scenario £2.37. The calculation is refreshed regularly with new filings.
What is the revenue of GREAT PORTLAND ESTATES PLC (GPE)?
GREAT PORTLAND ESTATES PLC reported trailing-twelve-month revenue of about £128M (latest available figure, as of Nov 1, 2026).
Does GREAT PORTLAND ESTATES PLC pay a dividend?
GREAT PORTLAND ESTATES PLC currently shows a dividend yield of 2.32% relative to its recent price (as of Nov 1, 2026).
What is the intrinsic value of GREAT PORTLAND ESTATES PLC (GPE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GREAT PORTLAND ESTATES PLC it is £1.90 per share (as of Nov 1, 2026), against a price of £3.41. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is GREAT PORTLAND ESTATES PLC stock overvalued or undervalued in 2026?
As of Nov 1, 2026, GPE trades above its calculated fair value: price £3.41, fair value £1.90, a gap of about −44% (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 GPE?
No. The price is what the market pays today (£3.41); the fair value is what the company's own numbers justify (£1.90). For GREAT PORTLAND ESTATES PLC the two are £1.51 per share apart. That gap is exactly why we show both numbers side by side.
How much is GREAT PORTLAND ESTATES PLC worth?
The market values GREAT PORTLAND ESTATES PLC at about £1.4B (market capitalisation, as of Nov 1, 2026). Per share that is £3.41; our models calculate a fair value of £1.90 per share.
What do the bullish and bearish scenarios say about GPE?
Our models span a range for GREAT PORTLAND ESTATES PLC: cautious scenario £1.42, base £1.90, optimistic £2.37 per share (as of Nov 1, 2026, price £3.41). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GPE?
GREAT PORTLAND ESTATES PLC trades at a price-to-earnings ratio of 8.9 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £1.90 is built from several models across several years. Excluding one-off items of fiscal year 2026 it is 40.1 (reported 8.9). Other multiples: PEG 2.2, P/B 0.7, P/S 10.7, EV/EBITDA 60.8.
What is the PEG ratio of GPE?
The PEG ratio of GREAT PORTLAND ESTATES PLC is 2.22 (P/E divided by earnings growth, as of Nov 1, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of GREAT PORTLAND ESTATES PLC (GPE)?
Balance-sheet figures for GREAT PORTLAND ESTATES PLC (as of Nov 1, 2026): return on equity 7.5%, debt of 0.37 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is GPE from its 52-week high?
GREAT PORTLAND ESTATES PLC trades at £3.41, about 7% below its 52-week high of £3.68 and 26% above the low of £2.70 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of £1.90 is for.
Which stocks are comparable to GREAT PORTLAND ESTATES 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 GREAT PORTLAND ESTATES PLC stock attractive at the current price?
The data as of Nov 1, 2026: price £3.41, calculated fair value £1.90 (−44%), Quality Score 37/100, from 6 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 GPE calculated?
We run GREAT PORTLAND ESTATES PLC through 6 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 £1.90, 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 14.9 % above its aggregate fair value. GREAT PORTLAND ESTATES 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 GREAT PORTLAND ESTATES PLC (GPE)?
The closing price on Oct 30, 2026 was £3.41. Our model-based fair value is £1.90, about 44% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GREAT PORTLAND ESTATES PLC right now?
The price sits above even our optimistic bull case (£2.37). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of GREAT PORTLAND ESTATES PLC (GPE) come from?
Earnings per share at GREAT PORTLAND ESTATES PLC grew −15.7 % a year from 2015 to 2026. Broken into its drivers: revenue per share −3.0 %, EBIT margin +4.0 %, tax rate +0.0 %, residual (interest, one-offs) −16.4 %. 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 GREAT PORTLAND ESTATES PLC
How large is the market capitalisation of GREAT PORTLAND ESTATES PLC (GPE)?
The market capitalisation of GREAT PORTLAND ESTATES PLC is £1.4B. 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 GREAT PORTLAND ESTATES PLC (GPE)?
The price-to-sales ratio of GREAT PORTLAND ESTATES PLC is 10.7 (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 GREAT PORTLAND ESTATES PLC (GPE)?
Earnings per share at GREAT PORTLAND ESTATES PLC are £0.3831 (price ÷ EPS = P/E 8.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of GREAT PORTLAND ESTATES PLC (GPE)?
The dividend yield of GREAT PORTLAND ESTATES PLC is 2.3% (payout 93.7%, on adjusted earnings, reported 20.8%). 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 GREAT PORTLAND ESTATES PLC (GPE)?
The net margin of GREAT PORTLAND ESTATES PLC is 121% (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 GREAT PORTLAND ESTATES PLC (GPE)?
The return on equity (ROE) of GREAT PORTLAND ESTATES PLC is 7.5% (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 GREAT PORTLAND ESTATES PLC (GPE)?
On an EBIT basis the return on assets of GREAT PORTLAND ESTATES 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 GREAT PORTLAND ESTATES PLC (GPE)?
The operating margin of GREAT PORTLAND ESTATES PLC is 20.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GREAT PORTLAND ESTATES PLC (GPE)?
Revenue at GREAT PORTLAND ESTATES PLC is growing +28.3% versus a year earlier (3y avg +8.9%). 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 GREAT PORTLAND ESTATES PLC (GPE)?
Earnings per share at GREAT PORTLAND ESTATES PLC are growing +10.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does GREAT PORTLAND ESTATES PLC (GPE) generate?
The free cash flow of GREAT PORTLAND ESTATES PLC is −£31.3M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does GREAT PORTLAND ESTATES PLC (GPE) carry?
The net debt of GREAT PORTLAND ESTATES PLC is £855M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch GREAT PORTLAND ESTATES PLC in the live analysis
One click puts GREAT PORTLAND ESTATES PLC on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 1, 2026