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Greggs plc (GRG) Fair Value & Analysis

Consumer Cyclical · GB · Market cap 1.7B GBX

GP Greggs plc GRG · LSE
Price£16.00
Fair Value£21.90
Upside+36.9%
Quality95/100
Evidence: High Range £12.64 – £32.96

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 6 days ago

Fair value updated Jun 24, 2026 — revised from £19.77 to £21.90 (+10.8%) since Jun 23, 2026. Share price −6.8% over the past month.

Price vs Fair Value (12 months)

£18.89 £13.72 Fair Value £21.90 Jul 2025 Jun 2026

12‑month range £13.72 – £18.89 · fair‑value band £12.64 – £32.96 · the £16.00 price screens below the £21.90 fair value. As of Jun 24, 2026.

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Analysis

Greggs plc (GRG) currently trades at £16.00, while our model-based Fair Value estimate is £21.90 — implying the stock looks roughly 36.9% undervalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Greggs plc generated revenue of £2.2B at a net margin of 5.7%. Revenue grew 6.6% year over year. It earns a return on equity of 20.4%. Net debt stands at £404M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 2.2B GBX
Revenue growth (YoY) +6.6%
Net margin 5.7%
Return on equity 20.4%
Free cash flow 73.7M GBX FY2025
P/E ratio 13.9
More key figures
Operating margin 11.0%
EPS (TTM) £1.19
Dividend yield 4.1%
EPS growth (YoY) -22.7%
Net debt 404M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Greggs plc operates as a food-on-the-go retailer in the United Kingdom. It offers a range of fresh bakery products, sandwiches, and drinks. The company is involved in the property holding, non-trading, and trustee businesses. It sells products to franchise and wholesale partners for sale in their own outlets. The company operates through its own shops and delivery channels. Greggs plc was founded in 1939 and is headquartered in Newcastle upon Tyne, the United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Greggs plc reported revenue of £2.2B in FY2025 versus £1.2B in FY2021, a compound +15.0%/yr. Reported net income was £122M in FY2025, compounding +1.0%/yr from FY2021.

Revenue +15.0%/yr
FY21 £1.2B
FY22 £1.5B
FY23 £1.8B
FY24 £2.0B
FY25 £2.2B
Net income +1.0%/yr
FY21 £118M
FY22 £120M
FY23 £143M
FY24 £153M
FY25 £122M

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6 more Restaurants stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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Starbucks Corporation SBUX C$27.68 C$7.44 -73%
Compass Group CMPGF $32.59 $24.90 -24%
Chipotle Mexican Grill, Inc CMGS C$12.49 C$9.29 -26%
Yum! Brands, Inc YUM $150.87 $71.29 -53%
Restaurant Brands International Inc QSR $73.20 $42.90 -41%

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Frequently asked questions

Is Greggs plc (GRG) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £21.90 versus a price of £16.00 — about +37% (undervalued). Model-based estimate, not financial advice.
What is the fair value of GRG?
Our 21-model fair value for Greggs plc is £21.90 (as of Jun 24, 2026), built from audited fundamentals. The current price is £16.00.
What is the quality score of GRG?
Greggs plc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Greggs plc (GRG)?
Greggs plc reported trailing-twelve-month revenue of about £2.2B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of GRG?
The net profit margin of Greggs plc is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.
Does Greggs plc pay a dividend?
Greggs plc currently shows a dividend yield of about 4.12% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.