Grupo Empresarial San Jose SA (GSJ) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Grupo Empresarial San Jose SA €22.89, price €7.63, upside +200.0%, quality 56 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 23, 2026.
How to read this chart
60‑month range €2.97 – €9.17 · fair‑value band €16.02 – €29.75 · the €7.63 price screens below the €22.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Grupo Empresarial San José, S.A., together with its subsidiaries, engages in construction business in Spain and internationally.
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Grupo Empresarial San José, S.A., together with its subsidiaries, engages in construction business in Spain and internationally. It provides building, civil works, engineering and industrial construction services; development and maintenance of hospitals, buildings and facilities, energy power plants, conservation of parks and gardens, and infrastructures; consultancy and project management services for architecture, civil engineering, infrastructure, real estate management, technology, and sustainable development; interior finishes, furniture, sanitary ware, and accessories, as well as pre-installations for plumbing, electricity, and HVAC, etc.; distribution of sport and fashion clothes under the Arena, Teva, Hoka, Diadora, Hunter, and Fred Perry clothing brands. The company is also involved in energy efficiency and renewable energy business; agricultural and stock breeding developments; food supply; influence distribution; provisions of health care and social services; designs and installs air conditioning, heating, industrial cooling, and plumbing facilities; marketing, manufacturing, distribution, import and export of clothing; manufacture, storage and distribution of manufactured goods; construction, commissioning and maintenance of polygeneration power plants; publishing, production, reproduction and public dissemination of books, newspapers, magazines and other; study, design, development and purchase and sale of all manner of electronic, computer, telecommunications and audiovisual components, products and systems; lease of all manner of assets; private construction work, mainly buildings, road networks and hydraulic works; and management and recruitment of personnel for all types of company, association and organization. The company was formerly known as Udra S.A. and changed its name to Grupo Empresarial San José, S.A. in June 2008. The company was founded in 1962 and is headquartered in Madrid, Spain.
Stock analysis
Grupo Empresarial San Jose SA (GSJ) currently trades at €7.63, while our model-based Fair Value estimate is €22.89, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €42.34 per share, and 22 of the 26 models we run sit above the €7.63 price.
Bear case: the Dividend Discount group reads lowest at €2.30, and 4 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: €16.02 (bear) to €29.75 (bull), the price of €7.63 sits below 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 56/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Grupo Empresarial San Jose SA reported revenue of €1.6B in FY2025 versus €928M in FY2021, a compound +14.4%/yr. Reported net income was €39.9M in FY2025, compounding +34.7%/yr from FY2021.
Key figures
Market cap €553M · P/E ratio 11.9 · P/S ratio 0.30 · EPS (TTM) €0.6400 · Dividend yield 2.1% · Net margin 2.5% · Return on equity 15.1% · Return on assets (EBIT) 3.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 200%, GSJ screens cheaper than that median.
Fair Value models
Bear €16.02Fair Value €22.89Bull €29.75
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.4682 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.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.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1.9%
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.
+13.3%
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.
+10.5%
Start year 2020 (pandemic). Over 10 years: +11.5% a year
Revenue growth 19 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.
+1.0%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+30.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+28.4%
Dividend (yield on the price)2.1%
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.12% vs 16%, 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.5% → 4%
2025 sits 100% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Compare Grupo Empresarial San Jose SA with another stock
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.Engineering & Construction · 822 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+200% · Top 25%
Profitability
Return on equity (TTM)15% · Top 25%
Return on assets3% · Above median
Net margin (TTM)3% · Below median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth14% · Above median
Dividend yield (TTM)2.1% · Above median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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). "Grupo Empresarial San Jose SA Fair Value". https://www.fairvalue-calculator.com/stock/GSJ
Frequently asked questions
Is Grupo Empresarial San Jose SA (GSJ) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €22.89 versus a price of €7.63, about +200% upside (undervalued).
What is the fair value of GSJ?
Our model-based fair value for Grupo Empresarial San Jose SA is €22.89 (as of Sep 23, 2026), built from audited fundamentals. The current price: €7.63.
What is the quality score of GSJ?
Grupo Empresarial San Jose SA has a Quality Score of 56/100. 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 Grupo Empresarial San Jose SA (GSJ)?
Our model-based price target is the fair value of €22.89 (as of Sep 23, 2026) from 26 valuation models. Cautious scenario €16.02, optimistic scenario €29.75. It is a calculation from audited fundamentals, not an analyst target.
What is the Grupo Empresarial San Jose SA stock forecast for 2026?
Our models put fair value at €22.89, about +200% upside versus a price of €7.63 (undervalued). Cautious scenario €16.02, optimistic scenario €29.75. The calculation is refreshed regularly with new filings.
What is the revenue of Grupo Empresarial San Jose SA (GSJ)?
Grupo Empresarial San Jose SA reported trailing-twelve-month revenue of about €1.6B (latest available figure, as of Sep 23, 2026).
Does Grupo Empresarial San Jose SA pay a dividend?
Grupo Empresarial San Jose SA currently shows a dividend yield of about 2.12% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Grupo Empresarial San Jose SA (GSJ)?
For today's price to be fair in a discounted-cash-flow model, Grupo Empresarial San Jose SA would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 12.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.6 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of GSJ use?
Our models discount Grupo Empresarial San Jose SA at 12.3 %: a base by market capitalisation (small), damped by beta 0.92, country premium for Spain. 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 Grupo Empresarial San Jose SA that is less than minus 40 % per year a year over ten years, using the same discount rate (12.3 %) and the same formula as our fair value.
How much growth has Grupo Empresarial San Jose SA (GSJ) delivered so far?
Over the past 5 years revenue at Grupo Empresarial San Jose SA grew +10.6 % a year. The price currently implies less than minus 40 % 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 Grupo Empresarial San Jose SA (GSJ) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Grupo Empresarial San Jose SA (less than minus 40 % 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 Grupo Empresarial San Jose SA (GSJ)?
The free-cash-flow yield on the price is 33.70 %: that much free cash flow Grupo Empresarial San Jose SA produces per unit of market value. When it exceeds the discount rate of our models (12.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Grupo Empresarial San Jose SA (GSJ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Grupo Empresarial San Jose SA it is €22.89 per share (as of Sep 23, 2026), against a price of €7.63. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Grupo Empresarial San Jose SA stock overvalued or undervalued in 2026?
As of Sep 23, 2026, GSJ trades below its calculated fair value: price €7.63, fair value €22.89, a gap of about +200% (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 GSJ?
No. The price is what the market pays today (€7.63); the fair value is what the company's own numbers justify (€22.89). For Grupo Empresarial San Jose SA the two are €15.26 per share apart. That gap is exactly why we show both numbers side by side.
How much is Grupo Empresarial San Jose SA worth?
The market values Grupo Empresarial San Jose SA at about €553M (market capitalisation, as of Sep 23, 2026). Per share that is €7.63; our models calculate a fair value of €22.89 per share.
What do the bullish and bearish scenarios say about GSJ?
Our models span a range for Grupo Empresarial San Jose SA: cautious scenario €16.02, base €22.89, optimistic €29.75 per share (as of Sep 23, 2026, price €7.63). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GSJ?
Grupo Empresarial San Jose SA trades at a price-to-earnings ratio of 11.9 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €22.89 is built from several models across several years. Other multiples: P/B 2.5, P/S 0.4.
How solid is the balance sheet of Grupo Empresarial San Jose SA (GSJ)?
Balance-sheet figures for Grupo Empresarial San Jose SA (as of Sep 23, 2026): return on equity 15.1%, debt of 0.03 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is GSJ from its 52-week high?
Grupo Empresarial San Jose SA trades at €7.63, about 17% below its 52-week high of €9.17 and 18% above the low of €6.44 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €22.89 is for.
Which stocks are comparable to Grupo Empresarial San Jose SA?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 Grupo Empresarial San Jose SA stock attractive at the current price?
The data as of Sep 23, 2026: price €7.63, calculated fair value €22.89 (+200%), Quality Score 56/100, 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 GSJ calculated?
We run Grupo Empresarial San Jose SA 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 €22.89, 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. Grupo Empresarial San Jose SA currently trades 200 % 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 Grupo Empresarial San Jose SA (GSJ)?
The closing price on Sep 23, 2026 was €7.63. Our model-based fair value is €22.89, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Grupo Empresarial San Jose SA right now?
The price is below even our cautious bear case (€16.02). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (€16.02 to €29.75) leaves room in how you read the outcome.
Where does the earnings growth of Grupo Empresarial San Jose SA (GSJ) come from?
Earnings per share at Grupo Empresarial San Jose SA grew +15.1 % a year from 2015 to 2025. Broken into its drivers: revenue per share +11.9 %, EBIT margin −4.6 %, tax rate +2.4 %, residual (interest, one-offs) +5.3 %. 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 Grupo Empresarial San Jose SA
How large is the market capitalisation of Grupo Empresarial San Jose SA (GSJ)?
The market capitalisation of Grupo Empresarial San Jose SA is €553M. 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 Grupo Empresarial San Jose SA (GSJ)?
The price-to-sales ratio of Grupo Empresarial San Jose SA is 0.30 (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 Grupo Empresarial San Jose SA (GSJ)?
Earnings per share at Grupo Empresarial San Jose SA are €0.6400 (price ÷ EPS = P/E 11.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Grupo Empresarial San Jose SA (GSJ)?
The dividend yield of Grupo Empresarial San Jose SA is 2.1% (payout 25.2%). 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 Grupo Empresarial San Jose SA (GSJ)?
The net margin of Grupo Empresarial San Jose SA is 2.5% (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 Grupo Empresarial San Jose SA (GSJ)?
The return on equity (ROE) of Grupo Empresarial San Jose SA is 15.1% (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 Grupo Empresarial San Jose SA (GSJ)?
On an EBIT basis the return on assets of Grupo Empresarial San Jose SA is 3.7% (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 Grupo Empresarial San Jose SA (GSJ)?
The operating margin of Grupo Empresarial San Jose SA is 4.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Grupo Empresarial San Jose SA (GSJ)?
Revenue at Grupo Empresarial San Jose SA is growing +7.3% versus a year earlier (3y avg +13.3%). 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 Grupo Empresarial San Jose SA (GSJ)?
Earnings per share at Grupo Empresarial San Jose SA are growing +22.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Grupo Empresarial San Jose SA (GSJ) hold?
Grupo Empresarial San Jose SA holds more cash than debt, €592M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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