Grupa Pracuj S.A. (GPP) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Grupa Pracuj S.A. stock PLN 65.88, price PLN 52.30, upside +26.0%, quality 85 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 5, 2026.
How to read this chart
59‑month range 29.22 PLN – 67.66 PLN · fair‑value band 47.06 PLN – 85.65 PLN · the 52.30 PLN price screens below the 65.88 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Grupa Pracuj S.A. operates HR technology platform in Poland, Ukraine, and Germany.
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The company operates Pracuj.pl, a digital recruitment platform; Robota.ua, an online recruitment solution; the:protocol, a recruitment platform mainly for the IT sector; eRecruiter, a managing recruitment processes platform; and worksmile, a platform for organizational culture engagement.
It offers softgarden, a SaaS system that provides advanced multiposting technology that enables automated job postings across multiple recruitment platforms; and absence.io for vacation, absence, time tracking, and personal files management services.
Grupa Pracuj S.A. was founded in 2000 and is headquartered in Warsaw, Poland. Grupa Pracuj S.A. is a subsidiary of Frascati Investments Sp. Z O.O.
Stock analysis
Grupa Pracuj S.A. (GPP) currently trades at 52.30 PLN, while our model-based Fair Value estimate is 65.88 PLN, 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 78.79 PLN per share, and 12 of the 24 models we run sit above the 52.30 PLN price.
Bear case: the Economic Profit group reads lowest at 31.47 PLN, and 12 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 47.06 PLN (bear) to 85.65 PLN (bull), the price of 52.30 PLN 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 85/100 (high quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Grupa Pracuj S.A. reported revenue of 811M PLN in FY2025 versus 475M PLN in FY2021, a compound +14.3%/yr. Reported net income was 239M PLN in FY2025, compounding −1.6%/yr from FY2021.
Key figures
Market cap 3.6B PLN (≈ $910M) Small · P/E ratio 14.6 · P/S ratio 4.36 · EPS (TTM) 3.59 PLN · Dividend yield 5.7% · Net margin 29.9% · Return on equity 58.4% · Return on assets (EBIT) 31.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 92 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 50% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 14% fair-value upside, at 26%, GPP screens cheaper than that median.
Fair Value models
Bear47.06 PLNFair Value 65.88 PLNBull85.65 PLN
Price 52.30 PLN · Upside +26.0%
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 2025 figures (about 10 months old). Earnings retained since then (0.5043 PLN 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.4%
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.
+22.1%
Start year 2020 (pandemic)
Revenue growth 7 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.
+13.8%
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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.
+19.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.3%
Dividend (yield on the price)5.7%
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.46% → 38%
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).
+2.5%
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.
+6.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about −0.7% a year for the price and +2.8% 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.Staffing & Employment Services · 82 stocks
P/B6.96× · 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)4.36× · Priciest 25%
Price / free cash flow (fiscal year)12.2× · Pricier than median
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Is Grupa Pracuj S.A. (GPP) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 65.88 PLN versus a price of 52.30 PLN, about +26% upside (undervalued).
What is the fair value of GPP?
Our model-based fair value for Grupa Pracuj S.A. is 65.88 PLN (as of Nov 5, 2026), built from audited fundamentals. The current price: 52.30 PLN.
What is the quality score of GPP?
Grupa Pracuj S.A. has a Quality Score of 85/100. 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 Grupa Pracuj S.A. (GPP)?
Our model-based price target is the fair value of 65.88 PLN (as of Nov 5, 2026) from 24 valuation models. Cautious scenario 47.06 PLN, optimistic scenario 85.65 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Grupa Pracuj S.A. stock forecast for 2026?
Our models put fair value at 65.88 PLN, about +26% upside versus a price of 52.30 PLN (undervalued). Cautious scenario 47.06 PLN, optimistic scenario 85.65 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Grupa Pracuj S.A. (GPP)?
Grupa Pracuj S.A. reported trailing-twelve-month revenue of about 827M PLN (latest available figure, as of Nov 5, 2026).
Does Grupa Pracuj S.A. pay a dividend?
Grupa Pracuj S.A. currently shows a dividend yield of 5.74% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Grupa Pracuj S.A. (GPP) and when is the ex-dividend date?
Grupa Pracuj S.A. pays a dividend of 3.00 PLN per share a year, a dividend yield of 5.7%. The last ex-dividend date was Jun 23, 2026. A dividend has been paid every year since at least 2022. The payout ratio is 83.6% of earnings. Free cash flow covers the dividend 1.43 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Grupa Pracuj S.A. (GPP)?
For today's price to be fair in a discounted-cash-flow model, Grupa Pracuj S.A. would have to grow free cash flow by +2.5 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +22.1 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of GPP use?
Our models discount Grupa Pracuj S.A. at 10.6 %: a base by market capitalisation (small), damped by beta 0.38, country premium for Poland. 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 Grupa Pracuj S.A. that is +2.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Grupa Pracuj S.A. (GPP) delivered so far?
Over the past 5 years revenue at Grupa Pracuj S.A. grew +22.1 % a year. The price currently implies free-cash-flow growth of +2.5 % 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 Grupa Pracuj S.A. (GPP) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Grupa Pracuj S.A. (+2.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Grupa Pracuj S.A. (GPP)?
The free-cash-flow yield on the price is 8.20 %: that much free cash flow Grupa Pracuj S.A. produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Grupa Pracuj S.A. (GPP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Grupa Pracuj S.A. it is 65.88 PLN per share (as of Nov 5, 2026), against a price of 52.30 PLN. 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 Grupa Pracuj S.A. stock overvalued or undervalued in 2026?
As of Nov 5, 2026, GPP trades below its calculated fair value: price 52.30 PLN, fair value 65.88 PLN, 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 GPP?
No. The price is what the market pays today (52.30 PLN); the fair value is what the company's own numbers justify (65.88 PLN). For Grupa Pracuj S.A. the two are 13.58 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Grupa Pracuj S.A. worth?
The market values Grupa Pracuj S.A. at about 3.6B PLN (market capitalisation, as of Nov 5, 2026). Per share that is 52.30 PLN; our models calculate a fair value of 65.88 PLN per share.
What do the bullish and bearish scenarios say about GPP?
Our models span a range for Grupa Pracuj S.A.: cautious scenario 47.06 PLN, base 65.88 PLN, optimistic 85.65 PLN per share (as of Nov 5, 2026, price 52.30 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GPP?
Grupa Pracuj S.A. trades at a price-to-earnings ratio of 14.6 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 65.88 PLN is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 19.2. Other multiples: P/B 7.0, P/S 4.4, EV/EBITDA 11.0.
How solid is the balance sheet of Grupa Pracuj S.A. (GPP)?
Balance-sheet figures for Grupa Pracuj S.A. (as of Nov 5, 2026): return on equity 58.4%, debt of 0.20 per unit of equity. They feed the Quality Score of 85/100, which measures business quality independently of the share price.
How far is GPP from its 52-week high?
Grupa Pracuj S.A. trades at 52.30 PLN, about 11% below its 52-week high of 58.90 PLN and 50% above the low of 34.86 PLN (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 65.88 PLN is for.
Which stocks are comparable to Grupa Pracuj S.A.?
From the same area (Industrials) we also value Randstad N.V, Adecco Group, Korn Ferry,, Robert Half 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 Grupa Pracuj S.A. stock attractive at the current price?
The data as of Nov 5, 2026: price 52.30 PLN, calculated fair value 65.88 PLN (+26%), Quality Score 85/100, 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 GPP calculated?
We run Grupa Pracuj S.A. 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 65.88 PLN 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. Grupa Pracuj S.A. 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 Grupa Pracuj S.A. (GPP)?
The closing price on Nov 6, 2026 was 52.30 PLN. Our model-based fair value is 65.88 PLN, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Grupa Pracuj S.A. right now?
The rarer combination: high quality (85/100) AND below fair value. That earns a closer look rather than a quick verdict. A fairly wide model range (47.06 PLN to 85.65 PLN) leaves room in how you read the outcome.
Key figures of Grupa Pracuj S.A.
How large is the market capitalisation of Grupa Pracuj S.A. (GPP)?
The market capitalisation of Grupa Pracuj S.A. is 3.6B PLN (≈ $910M). 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 Grupa Pracuj S.A. (GPP)?
The price-to-sales ratio of Grupa Pracuj S.A. is 4.36 (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 Grupa Pracuj S.A. (GPP)?
Earnings per share at Grupa Pracuj S.A. are 3.59 PLN (price ÷ EPS = P/E 14.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Grupa Pracuj S.A. (GPP)?
The dividend yield of Grupa Pracuj S.A. is 5.7% (payout 83.6%). 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 Grupa Pracuj S.A. (GPP)?
The net margin of Grupa Pracuj S.A. is 29.9% (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 Grupa Pracuj S.A. (GPP)?
The return on equity (ROE) of Grupa Pracuj S.A. is 58.4% (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 Grupa Pracuj S.A. (GPP)?
On an EBIT basis the return on assets of Grupa Pracuj S.A. is 31.2% (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 Grupa Pracuj S.A. (GPP)?
The operating margin of Grupa Pracuj S.A. is 38.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Grupa Pracuj S.A. (GPP)?
Revenue at Grupa Pracuj S.A. is growing +5.7% 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 Grupa Pracuj S.A. (GPP)?
Earnings per share at Grupa Pracuj S.A. are growing +20.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Grupa Pracuj S.A. (GPP) carry?
The net debt of Grupa Pracuj S.A. is 36.1M PLN (fiscal year 2025, ≈ 0.1 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
Nov 5, 2026