Globe Trade Centre S.A. (GTC) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Globe Trade Centre S.A. PLN 2.95, price PLN 2.34, upside +26.1%, quality 33 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 2.18 PLN – 6.54 PLN · fair‑value band 1.80 PLN – 4.17 PLN · the 2.34 PLN price screens below the 2.95 PLN 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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Globe Trade Centre S.A., a real estate developer and investor company, engages in the development, management, and rental of office, retail, and residential spaces. It operates in Poland, Hungary, Germany, Bucharest, Belgrade, Zagreb, Sofia, and internationally. The company was founded in 1994 and is headquartered in Warsaw, Poland. Globe Trade Centre S.A.
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Globe Trade Centre S.A., a real estate developer and investor company, engages in the development, management, and rental of office, retail, and residential spaces. It operates in Poland, Hungary, Germany, Bucharest, Belgrade, Zagreb, Sofia, and internationally. The company was founded in 1994 and is headquartered in Warsaw, Poland. Globe Trade Centre S.A. is a subsidiary of GTC Dutch Holdings B.V.
Stock analysis
Globe Trade Centre S.A. (GTC) currently trades at 2.34 PLN, while our model-based Fair Value estimate is 2.95 PLN, implying the stock looks roughly 20.7% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 1.48 PLN per share, and 0 of the 10 models we run sit above the 2.34 PLN price.
Bear case: the DCF Models group reads lowest at 0.3900 PLN, and 10 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: 1.80 PLN (bear) to 4.17 PLN (bull), the price of 2.34 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 33/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Globe Trade Centre S.A. reported revenue of €202M in FY2025 versus €172M in FY2021, a compound +4.1%/yr. Reported net income was −€155M in FY2025.
Key figures
Market cap 1.3B PLN (≈ $350M) · P/S ratio 6.31 · EPS (TTM) −1.20 PLN · Dividend yield 2.3% · Net margin −76.7% · Return on equity −14.6% · Return on assets (EBIT) 2.9% · Operating margin 59.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 44% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at 26%, GTC screens cheaper than that median.
Fair Value models
Bear 1.80 PLNFair Value 2.95 PLNBull 4.17 PLN
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.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.34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.8%
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.
+6.5%
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.
+4.8%
Start year 2020 (pandemic). Over 10 years: +5.8% a year
Revenue growth 21 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.
+7.0%
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Profit margin (trend) ⓘ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.
64.0% (2019) → 54.7% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of 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).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
Compare Globe Trade Centre S.A. 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.Real Estate Services · 547 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside+26% · Above median
Profitability
Return on assets2% · Below median
Net margin (TTM)−79% · Bottom 25%
Operating margin (TTM)60% · Top 25%
Growth and dividend
Revenue growth7% · Above median
Dividend yield (TTM)2.3% · Below median
Balance sheet
Debt / equity1.04× · Highest 25%
Valuation Multiplesvs Real Estate Services 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). "Globe Trade Centre S.A. Fair Value". https://www.fairvalue-calculator.com/stock/GTC
Frequently asked questions
Is Globe Trade Centre S.A. (GTC) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 2.95 PLN versus a price of 2.34 PLN, about +26% upside (undervalued).
What is the fair value of GTC?
Our model-based fair value for Globe Trade Centre S.A. is 2.95 PLN (as of Sep 23, 2026), built from audited fundamentals. The current price: 2.34 PLN.
What is the quality score of GTC?
Globe Trade Centre S.A. has a Quality Score of 33/100. 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 Globe Trade Centre S.A. (GTC)?
Our model-based price target is the fair value of 2.95 PLN (as of Sep 23, 2026) from 11 valuation models. Cautious scenario 1.80 PLN, optimistic scenario 4.17 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Globe Trade Centre S.A. stock forecast for 2026?
Our models put fair value at 2.95 PLN, about +26% upside versus a price of 2.34 PLN (undervalued). Cautious scenario 1.80 PLN, optimistic scenario 4.17 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Globe Trade Centre S.A. (GTC)?
Globe Trade Centre S.A. reported trailing-twelve-month revenue of about €206M (latest available figure, as of Sep 23, 2026).
Does Globe Trade Centre S.A. pay a dividend?
Globe Trade Centre S.A. currently shows a dividend yield of about 2.28% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Globe Trade Centre S.A. (GTC)?
For today's price to be fair in a discounted-cash-flow model, Globe Trade Centre S.A. would have to grow free cash flow by more than 80 % 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 +4.8 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of GTC use?
Our models discount Globe Trade Centre S.A. at 10.6 %: a base by market capitalisation (small), damped by beta 0.05, 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 Globe Trade Centre S.A. that is more than 80 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Globe Trade Centre S.A. (GTC) delivered so far?
Over the past 5 years revenue at Globe Trade Centre S.A. grew +4.8 % a year. The price currently implies more than 80 % 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 Globe Trade Centre S.A. (GTC) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Globe Trade Centre S.A. (more than 80 % 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 Globe Trade Centre S.A. (GTC)?
The free-cash-flow yield on the price is 0.36 %: that much free cash flow Globe Trade Centre 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 Globe Trade Centre S.A. (GTC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Globe Trade Centre S.A. it is 2.95 PLN per share (as of Sep 23, 2026), against a price of 2.34 PLN. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Globe Trade Centre S.A. stock overvalued or undervalued in 2026?
As of Sep 23, 2026, GTC trades below its calculated fair value: price 2.34 PLN, fair value 2.95 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 GTC?
No. The price is what the market pays today (2.34 PLN); the fair value is what the company's own numbers justify (2.95 PLN). For Globe Trade Centre S.A. the two are 0.6100 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Globe Trade Centre S.A. worth?
The market values Globe Trade Centre S.A. at about 1.3B PLN (market capitalisation, as of Sep 23, 2026). Per share that is 2.34 PLN; our models calculate a fair value of 2.95 PLN per share.
What do the bullish and bearish scenarios say about GTC?
Our models span a range for Globe Trade Centre S.A.: cautious scenario 1.80 PLN, base 2.95 PLN, optimistic 4.17 PLN per share (as of Sep 23, 2026, price 2.34 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of GTC?
The PEG ratio of Globe Trade Centre S.A. is 29.77 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Globe Trade Centre S.A. (GTC)?
Balance-sheet figures for Globe Trade Centre S.A. (as of Sep 23, 2026): return on equity −14.6%, debt of 1.04 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is GTC from its 52-week high?
Globe Trade Centre S.A. trades at 2.34 PLN, about 44% below its 52-week high of 4.20 PLN and 7% above the low of 2.18 PLN (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 2.95 PLN is for.
Which stocks are comparable to Globe Trade Centre S.A.?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 Globe Trade Centre S.A. stock attractive at the current price?
The data as of Sep 23, 2026: price 2.34 PLN, calculated fair value 2.95 PLN (+26%), Quality Score 33/100, from 11 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 GTC calculated?
We run Globe Trade Centre S.A. through 11 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 2.95 PLN, 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. Globe Trade Centre S.A. currently trades 26 % 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 Globe Trade Centre S.A. (GTC)?
The closing price on Sep 24, 2026 was 2.34 PLN. Our model-based fair value is 2.95 PLN, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Globe Trade Centre S.A. right now?
A fairly wide model range (1.80 PLN to 4.17 PLN) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Globe Trade Centre S.A.
How large is the market capitalisation of Globe Trade Centre S.A. (GTC)?
The market capitalisation of Globe Trade Centre S.A. is 1.3B PLN (≈ $350M). 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 Globe Trade Centre S.A. (GTC)?
The price-to-sales ratio of Globe Trade Centre S.A. is 6.31 (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 Globe Trade Centre S.A. (GTC)?
Earnings per share at Globe Trade Centre S.A. are −1.20 PLN. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Globe Trade Centre S.A. (GTC)?
The dividend yield of Globe Trade Centre S.A. is 2.3%. 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 Globe Trade Centre S.A. (GTC)?
The net margin of Globe Trade Centre S.A. is −76.7% (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 Globe Trade Centre S.A. (GTC)?
The return on equity (ROE) of Globe Trade Centre S.A. is −14.6% (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 Globe Trade Centre S.A. (GTC)?
On an EBIT basis the return on assets of Globe Trade Centre S.A. is 2.9% (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 Globe Trade Centre S.A. (GTC)?
The operating margin of Globe Trade Centre S.A. is 59.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Globe Trade Centre S.A. (GTC)?
Revenue at Globe Trade Centre S.A. is growing +7.0% versus a year earlier (3y avg +6.5%). 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 Globe Trade Centre S.A. (GTC)?
Earnings per share at Globe Trade Centre S.A. are growing −90.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Globe Trade Centre S.A. (GTC) carry?
The net debt of Globe Trade Centre S.A. is €1.8B (fiscal year 2025). 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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Thin data
Sep 23, 2026