GPT Group (GPT) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of GPT Group stock A$3.49, price A$5.10, that is 31.6% below the price, quality 71 out of 100. Rating: overvalued. Calculated from audited financials with 16 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 11, 2026.
How to read this chart
60‑month range A$3.03 – A$5.48 · fair‑value band A$2.16 – A$5.42 · the A$5.10 price screens above the A$3.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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The GPT Group is one of Australia's leading property groups, with assets under management of $34.1 billion across a portfolio of high quality retail, office and logistics assets.
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The GPT Group (GPT) is a stapled entity comprised of the General Property Trust (the Trust) and its controlled entities and GPT Management Holdings Limited (the Company) and its controlled entities. General Property Trust is a registered scheme, registered and domiciled in Australia.
GPT RE Limited (GPTRE) is the Responsible Entity of the General Property Trust. GPT Management Holdings Limited (GPTMHL) is a company limited by shares, incorporated and domiciled in Australia. GPTRE Limited is a wholly owned entity of GPT Management Holdings Limited.
The GPT Group was incorporated in 1959 in Austalia.
Stock analysis
GPT Group (GPT) currently trades at A$5.10, while our model-based Fair Value estimate is A$3.49, 32% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of A$5.17 per share, and 1 of the 16 models we run sit above the A$5.10 price.
Bear case: the Growth DCF group reads lowest at A$2.69, and 15 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: A$2.16 (bear) to A$5.42 (bull), the price of A$5.10 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 71/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
GPT Group reported revenue of A$1.0B in FY2025 versus A$795M in FY2021, a compound +6.7%/yr. Reported net income was A$981M in FY2025, compounding −8.9%/yr from FY2021.
Key figures
Market cap A$9.8B (≈ $6.7B) Mid · P/E ratio 9.3 · P/S ratio 9.86 · EPS (TTM) A$0.5500 · Dividend yield 4.7% · Net margin 106% · Return on equity 10.0% · Return on assets (EBIT) 3.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 6% fair-value upside, at −32%, GPT screens richer than that median.
Fair Value models
BearA$2.16Fair Value A$3.49BullA$5.42
Price A$5.10 · Downside -31.6%
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 (A$0.2692 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.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+4.2%
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.
+8.1%
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.
+7.5%
Start year 2020 (pandemic). Over 10 years: +4.1% a year
Revenue growth 25 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.
+3.1%
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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.
+1.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.3%
Dividend (yield on the price)4.7%
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.−3.3% vs 0.5%, 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.52% → 64%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
+13.0%
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.
+4.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +9.8% a year for the price and +1.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (24 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.Positive
Recent news coverage is more positive than average.
AI conclusion: Limited evidence of a durable moat leaves this diversified REIT with mostly average factors, while high debt relative to equity remains the standout weakness despite income growth in retail and logistics.
Main risk: Generative AI and related technology shifts could accelerate hybrid work or automate tasks, reducing tenant demand for GPT's office properties which form a substantial part of its portfolio and hit rental income and occupancy.
Bull case: GPT could integrate AI tools into its property management and leasing processes to optimise operations and attract tech-focused tenants, strengthening its funds platform through superior performance and new mandates.
Bear case: If AI reduces office demand and peers win capital, GPT might face prolonged low occupancy in offices, slower AUM growth and pressure on overall earnings from its hybrid model.
GPT Group is selling a 50 percent stake in Melbourne's CBW complex through its wholesale office fund to meet close to 1.5 billion dollars in redemptions. This occurs even as retail and logistics deliver solid like-for-like income growth. Will the need to offload assets constrain portfolio flexibility, or will it sharpen focus on higher-performing segments?
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.REIT - Diversified · 140 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside−31.6% · Below median
Profitability
Return on equity (12 months)10.0% · Top 25%
Return on assets5.8% · Top 25%
Net margin (12 months)106.0% · Top 25%
Operating margin (12 months)61.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)−8.2% · Bottom 25%
Dividend yield (12 months)4.7% · Below median
Balance sheet
Debt / equity0.46× · Above median
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
P/E (12 months)9.3× · Cheaper than median
P/B0.92× · Pricier than median
P/S (12 months)9.86× · Priciest 25%
Price / free cash flow (fiscal year)16.3× · Pricier than median
EV/EBITDA23.9× · Priciest 25%
PEG2.00× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 24
FUTURE (revenue growth)0· sector 17
PAST (return on equity)40· sector 21
HEALTH (low debt)77· sector 77
DIVIDEND (yield)94· 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.
Cite: Fair Value Calculator (2026). "GPT Group Fair Value". https://www.fairvalue-calculator.com/stock/GPT
Frequently asked questions
Is GPT Group (GPT) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of A$3.49 versus a price of A$5.10, about 32% lower (overvalued).
What is the fair value of GPT?
Our model-based fair value for GPT Group is A$3.49 (as of Nov 11, 2026), built from audited fundamentals. The current price: A$5.10.
What is the quality score of GPT?
GPT Group has a Quality Score of 71/100. 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 GPT Group (GPT)?
Our model-based price target is the fair value of A$3.49 (as of Nov 11, 2026) from 16 valuation models. Cautious scenario A$2.16, optimistic scenario A$5.42. It is a calculation from audited fundamentals, not an analyst target.
What is the GPT Group stock forecast for 2026?
Our models put fair value at A$3.49, about 32% lower versus a price of A$5.10 (overvalued). Cautious scenario A$2.16, optimistic scenario A$5.42. The calculation is refreshed regularly with new filings.
What is the revenue of GPT Group (GPT)?
GPT Group reported trailing-twelve-month revenue of about A$992M (latest available figure, as of Nov 11, 2026).
Does GPT Group pay a dividend?
GPT Group currently shows a dividend yield of 4.71% relative to its recent price (as of Nov 11, 2026).
How much is the dividend of GPT Group (GPT) and when is the ex-dividend date?
GPT Group pays a dividend of A$0.24 per share a year, a dividend yield of 4.7%. The last ex-dividend date was Jun 29, 2026. A dividend has been paid every year since at least 1988. The payout ratio is 43.6% of earnings. Free cash flow covers the dividend 1.31 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 GPT Group (GPT)?
For today's price to be fair in a discounted-cash-flow model, GPT Group would have to grow free cash flow by +13.0 % per year for five years (discount rate 9.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.5 % per year. As of Nov 11, 2026.
What discount rate (WACC) does the fair value of GPT use?
Our models discount GPT Group at 9.4 %: a base by market capitalisation (mid), damped by beta 0.96, country premium for Australia. 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 GPT Group that is +13.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.4 %) and the same formula as our fair value.
How much growth has GPT Group (GPT) delivered so far?
Over the past 5 years revenue at GPT Group grew +7.5 % a year. The price currently implies free-cash-flow growth of +13.0 % 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 GPT Group (GPT) growing?
The median revenue growth in the sector is +2.8 % a year. That is the yardstick for the growth priced into GPT Group (+13.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of GPT Group (GPT)?
The free-cash-flow yield on the price is 6.14 %: that much free cash flow GPT Group produces per unit of market value. When it exceeds the discount rate of our models (9.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of GPT Group (GPT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GPT Group it is A$3.49 per share (as of Nov 11, 2026), against a price of A$5.10. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is GPT Group stock overvalued or undervalued in 2026?
As of Nov 11, 2026, GPT trades above its calculated fair value: price A$5.10, fair value A$3.49, a gap of about −32% (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 GPT?
No. The price is what the market pays today (A$5.10); the fair value is what the company's own numbers justify (A$3.49). For GPT Group the two are A$1.61 per share apart. That gap is exactly why we show both numbers side by side.
How much is GPT Group worth?
The market values GPT Group at about A$9.8B (market capitalisation, as of Nov 11, 2026). Per share that is A$5.10; our models calculate a fair value of A$3.49 per share.
What do the bullish and bearish scenarios say about GPT?
Our models span a range for GPT Group: cautious scenario A$2.16, base A$3.49, optimistic A$5.42 per share (as of Nov 11, 2026, price A$5.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GPT?
GPT Group trades at a price-to-earnings ratio of 9.3 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$3.49 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings: 7.9. Other multiples: PEG 2.0, P/B 0.9, P/S 9.9, EV/EBITDA 23.9.
What is the PEG ratio of GPT?
The PEG ratio of GPT Group is 2.00 (P/E divided by earnings growth, as of Nov 11, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of GPT Group (GPT)?
Balance-sheet figures for GPT Group (as of Nov 11, 2026): return on equity 10.0%, debt of 0.46 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is GPT from its 52-week high?
GPT Group trades at A$5.10, about 7% below its 52-week high of A$5.48 and 18% above the low of A$4.33 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of A$3.49 is for.
Which stocks are comparable to GPT Group?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Stockland, 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 GPT Group stock attractive at the current price?
The data as of Nov 11, 2026: price A$5.10, calculated fair value A$3.49 (−32%), Quality Score 71/100, from 16 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 GPT calculated?
We run GPT Group through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of A$3.49 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 14.3% above its aggregate fair value. GPT Group 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 GPT Group (GPT)?
The closing price on Nov 13, 2026 was A$5.10. Our model-based fair value is A$3.49, about 32% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GPT Group right now?
Solid but not exceptional quality (71/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (A$2.16 to A$5.42) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of GPT Group
How large is the market capitalisation of GPT Group (GPT)?
The market capitalisation of GPT Group is A$9.8B (≈ $6.7B). 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 GPT Group (GPT)?
The price-to-sales ratio of GPT Group is 9.86 (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 GPT Group (GPT)?
Earnings per share at GPT Group are A$0.5500 (price ÷ EPS = P/E 9.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of GPT Group (GPT)?
The dividend yield of GPT Group is 4.7% (payout 43.6%). 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 GPT Group (GPT)?
The net margin of GPT Group is 106% (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 GPT Group (GPT)?
The return on equity (ROE) of GPT Group is 10.0% (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 GPT Group (GPT)?
On an EBIT basis the return on assets of GPT Group is 3.3% (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 GPT Group (GPT)?
The operating margin of GPT Group is 61.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GPT Group (GPT)?
Revenue at GPT Group is growing −8.2% versus a year earlier (3y avg +8.1%). 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 GPT Group (GPT)?
Earnings per share at GPT Group are growing +21.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does GPT Group (GPT) carry?
The net debt of GPT Group is A$5.5B (fiscal year 2025, ≈ 9.1 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 11, 2026