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Intertek Group (ITRK) Fair Value & Analysis

Industrials · GB · Market cap 8.9B GBX

IG Intertek Group ITRK · LSE
Price£58.10
Fair Value£39.88
Upside-31.4%
Quality73/100
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Healthy Growth
Solidly profitable · 10.0% net margin
Moderate debt · generates free cash flow
2.84% dividend yield
Mixed vs. peers (6/15)
Wide moat 69/100
Evidence: High Range £23.81 – £58.74 Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 27 days ago

Fair value updated Jul 11, 2026, revised from £40.22 to £39.88 (−0.8%) since Jun 24, 2026. Share price +0.5% over the past month.

A solid business, but screening 31% overvalued on our models.

What matters now

  • A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • A fairly wide model range (£23.81 to £58.74) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

£58.10 £32.39 Fair Value £39.88 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range £32.39 – £58.10 · fair‑value band £23.81 – £58.74 · the £58.10 price screens above the £39.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Intertek Group (ITRK) currently trades at £58.10, while our model-based Fair Value estimate is £39.88, implying the stock looks roughly 31.4% overvalued today. We read business quality at 73/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Intertek Group generated revenue of £3.4B at a net margin of 10.0%. Revenue grew 2.0% year over year. It earns a return on equity of 28.2%. Net debt stands at £1.3B. Fundamentals as of Jul 11, 2026

Our scenario range runs from £23.81 (bear case) to £58.74 (bull case); at £58.10, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at -31%, ITRK screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF £22.97 £36.21 £54.52 80
Residual Income £12.76 £15.46 £51.82 76
Rev-Margin DCF £25.80 £45.61 £68.52 74
All 26 models by family
DCF Models
FCF DCF £22.63 £37.77 £60.15 38
Owner Earnings £23.07 £38.45 £61.19 31
5Y Revenue Exit £25.80 £45.72 £71.29 39
5Y EBITDA Exit £33.15 £59.55 £90.57 41
5Y P/E Exit £23.80 £41.95 £61.03 38
10Y Revenue Exit £23.31 £40.98 £64.99 36
10Y EBITDA Exit £28.92 £50.41 £79.47 37
10Y P/E Exit £23.08 £38.42 £57.29 35
Earnings-Based
Graham-Dodd £15.22 £48.97 £65.34 54
Lynch FV £10.87 £15.53 £20.19 50
PEG = 1.0 £10.87 £15.53 £20.19 46
EPV £21.43 £25.67 £29.33 59
Dividend Discount
Gordon GGM £14.43 £28.75 £43.54 70
DDM Multi-Stage £14.43 £23.80 £30.35 61
Multiples
P/E Multiple £33.57 £44.76 £55.95 63
P/S Multiple £28.53 £38.04 £47.55 58
P/B Multiple £15.87 £21.16 £26.46 55
EV/EBIT £45.91 £63.02 £80.13 53
EV/EBITDA £44.54 £61.19 £77.85 54
EV/Revenue £29.18 £44.01 £58.84 43
Asset-Based
NCAV (Graham) £3.53 £4.73 £7.05 50
Growth DCF
Growth DCF £22.97 £36.21 £54.52 80
Rev-Margin DCF £25.80 £45.61 £68.52 74
Economic Profit
Residual Income £12.76 £15.46 £51.82 76
ROIC Compounder £23.34 £30.49 £38.58 72
Growth Earnings
Growth-Adj P/E £28.24 £40.34 £52.44 68

Widest divergence: Multiples (£44.01) versus Asset-Based (£4.73). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.4B GBX
Revenue growth (YoY) +2.0%
Net margin 10.0%
Return on equity 28.2%
Free cash flow 396M GBX FY2025
P/E ratio 26.9
More key figures
Operating margin 18.6%
EPS (TTM) £2.16
Dividend yield 2.8%
EPS growth (YoY) -5.7%
Net debt 1.3B GBX FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 67 · Market factors (momentum, volatility) 72

Profitability 61
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 73
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 95
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Intertek Group plc provides quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. It operates through five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.

Full company description

Intertek Group plc provides quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. It operates through five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy. The company offers quality assurance, testing, inspection, and certification services, including laboratory safety, quality and performance testing, accredited third-party management systems auditing and certification, technical inspection, second-party supplier auditing and supply chain solutions, sustainability data verification, process performance analysis and training, food safety testing, hygiene and safety audits, advisory and consulting, and validation services, as well as hardware, software, and cyber security solutions. It also provides asset performance management, analytical testing, non-destructive and materials testing, engineering, cargo and inventory inspection, analytical assessment, calibration, supply-chain traceability, and related research and technical services, as well as support services in product development, regulatory authorization, chemical testing, and production. The company serves a range of industries, including textiles, footwear, toys, hardlines, home appliances, consumer electronics, information and communication technology, automotive, aerospace, lighting, building products, industrial and renewable energy products, oil and gas, petrochemical, minerals, exploration, ore and mining, building and construction, solar energy, energy storage, green hydrogen, petroleum and biofuels, agricultural supply chain, food, transportation, chemicals and pharma, and healthcare, as well as governments, regulatory bodies, and exporters and importers to support trade compliance. The company was founded in 1885 and is based in London, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Intertek Group reported revenue of £3.4B in FY2025 versus £2.8B in FY2021, a compound +5.3%/yr. Reported net income was £344M in FY2025, compounding +4.5%/yr from FY2021.

Growth Quality 78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
£3.4B
Latest YoY
+1.1%
Avg. growth/yr (3Y)
+2.4%
Avg. growth/yr (5Y)
+4.6%
Avg. growth/yr (26Y)
+9.0%
Revenue +5.3%/yr
FY21 £2.8B
FY22 £3.2B
FY23 £3.3B
FY24 £3.4B
FY25 £3.4B
Net income +4.5%/yr
FY21 £288M
FY22 £289M
FY23 £297M
FY24 £345M
FY25 £344M

ITRK screens 31% overvalued. Compare with Cintas Corporation →

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Cite: Fair Value Calculator (2026). "Intertek Group Fair Value". https://www.fairvalue-calculator.com/stock/ITRK

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Business Services · 255 stocks

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.

Quality Score 73 · Top 25%
Fair Value upside −31% · Below median
Return on equity (TTM) 28% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 10% · Above median
Operating margin (TTM) 19% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 2.8% · Above median
Debt / equity 1.07× · Higher than 75% of peers

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 26.9× · Pricier than median
P/B 11.08× · Pricier than 75% of peers
P/S (TTM) 3.50× · Pricier than 75% of peers
P/FCF 30.3× · Pricier than 75% of peers
EV/EBITDA 17.1× · Pricier than 75% of peers
PEG 3.54× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 28
FUTURE 10 · sector 25
PAST 100 · sector 33
HEALTH 46 · sector 92
DIVIDEND 57 · sector 53

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is Intertek Group (ITRK) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of £39.88 versus a price of £58.10, about −31% (overvalued).
What is the fair value of ITRK?
Our model-based fair value for Intertek Group is £39.88 (as of Jul 11, 2026), built from audited fundamentals. The current price is £58.10.
What is the quality score of ITRK?
Intertek Group has a Quality Score of 73/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Intertek Group (ITRK)?
Intertek Group reported trailing-twelve-month revenue of about £3.4B (latest available figure, as of Jul 11, 2026).
What is the net profit margin of ITRK?
The net profit margin of Intertek Group is about 10.0%, meaning it keeps roughly 10.0% of revenue as net income. Based on the latest reported figures.
Does Intertek Group pay a dividend?
Intertek Group currently shows a dividend yield of about 3.08% relative to its recent price (as of Jul 11, 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.

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