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SEEK Limited (SEK) Fair Value & Analysis

Communication Services · AU · Market cap A$5.1B

SL SEEK Limited SEK · AU
PriceA$15.42
Fair ValueA$11.64
Upside-24.5%
Quality62/100
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Healthy Growth
Loss-making · -12.3% net margin
Low debt · generates free cash flow
3.45% dividend yield
Mixed vs. peers (7/14)
Narrow moat 40/100
Evidence: High Range A$6.45 – A$14.56 Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 21 days ago

Fair value updated Jul 19, 2026, revised from A$10.30 to A$11.64 (+13.0%) since Jun 24, 2026. Share price +15.7% over the past month.

A solid business, but screening 25% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$14.56). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (A$6.45 to A$14.56) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

A$32.69 A$11.82 Fair Value A$11.64 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range A$11.82 – A$32.69 · fair‑value band A$6.45 – A$14.56 · the A$15.42 price screens above the A$11.64 fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

SEEK Limited (SEK) currently trades at A$15.42, while our model-based Fair Value estimate is A$11.64, implying the stock looks roughly 24.5% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Communication Services 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, SEEK Limited generated revenue of A$1.2B at a net margin of -12.3%. Revenue grew 20.6% year over year. It earns a return on equity of -3.1%. Net debt stands at A$1.1B. Fundamentals as of Jul 19, 2026

Our scenario range runs from A$6.45 (bear case) to A$14.56 (bull case); at A$15.42, the current price sits above 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. The share trades about 47% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 2% fair-value upside, at -25%, SEK screens richer 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 A$4.47 A$10.08 A$19.50 80
Residual Income A$6.41 A$6.97 A$8.62 76
Rev-Margin DCF A$2.34 A$5.79 A$10.46 74
All 26 models by family
DCF Models
FCF DCF A$4.62 A$11.06 A$22.47 38
Owner Earnings A$7.02 A$15.59 A$30.78 31
5Y Revenue Exit A$2.34 A$5.86 A$10.67 39
5Y EBITDA Exit A$6.84 A$15.53 A$26.84 41
5Y P/E Exit A$6.56 A$14.93 A$24.89 38
10Y Revenue Exit A$2.92 A$6.57 A$12.28 36
10Y EBITDA Exit A$6.02 A$13.66 A$26.07 37
10Y P/E Exit A$5.83 A$13.22 A$24.40 35
Earnings-Based
Graham-Dodd A$4.66 A$24.81 A$34.36 54
Lynch FV A$6.84 A$9.77 A$12.71 50
PEG = 1.0 A$6.84 A$9.77 A$12.71 46
EPV A$2.17 A$2.92 A$3.57 59
Dividend Discount
Gordon GGM A$3.50 A$6.98 A$10.56 70
DDM Multi-Stage A$3.50 A$6.03 A$7.36 61
Multiples
P/E Multiple A$10.79 A$14.38 A$17.98 63
P/S Multiple A$4.60 A$6.13 A$7.66 58
P/B Multiple A$8.73 A$11.64 A$14.56 55
EV/EBIT A$6.69 A$9.79 A$12.88 53
EV/EBITDA A$8.62 A$12.36 A$16.10 54
EV/Revenue A$1.25 A$2.91 A$4.56 43
Asset-Based
NCAV (Graham) A$3.77 A$5.05 A$7.54 50
Growth DCF
Growth DCF A$4.47 A$10.08 A$19.50 80
Rev-Margin DCF A$2.34 A$5.79 A$10.46 74
Economic Profit
Residual Income A$6.41 A$6.97 A$8.62 76
ROIC Compounder A$2.17 A$2.92 A$3.57 72
Growth Earnings
Growth-Adj P/E A$10.10 A$14.43 A$18.76 68

Widest divergence: Growth Earnings (A$14.43) versus Economic Profit (A$2.92). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) A$1.2B
Revenue growth (YoY) +20.6%
Net margin -12.3%
Return on equity -3.1%
Free cash flow A$200M FY2025
Operating margin 25.3%
More key figures
EPS (TTM) A$-0.2200
Dividend yield 3.5%
EPS growth (YoY) +384%
Net debt A$1.1B FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 62 · Market factors (momentum, volatility) 30

Profitability 45
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 78
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

SEEK Limited, together with its subsidiaries, provides online employment marketplace services in Australia, New Zealand, Southeast Asia, Hong Kong, the United Kingdom, Europe, and internationally.

Full company description

SEEK Limited, together with its subsidiaries, provides online employment marketplace services in Australia, New Zealand, Southeast Asia, Hong Kong, the United Kingdom, Europe, and internationally. The company offers job advertisements under the SEEK, Jobstreet, and Jobsdb brands; and ad enhancements with hiring requirement features, such as branding and immediate start badge. It also provides talent search that provides hirers with access to a SEEK database of searchable profiles and CVs to connect to candidates faster, as well as hiring tools consisting of SEEK Pass, which verifies credentials on candidates' application and profile to help them stand out in job applications; Employer brand boost that allows hirers to amplify their employee value proposition by promoting their company profile to highly targeted candidates; GradConnection, an early career platform for graduate recruitment; and Reference checks, an automated solution for hirers to request and manage reference checks for prospective candidates. In addition, the company offers placement support products, such as Pay per hire, which provides hirers with shortlisted candidates with payment on placement; JobAdder, an applicant tracking system and customer management offering that streamlines the recruitment process; and Sidekicker, a contingent labour workforce marketplace that provides on-demand labour across a range of industries, such as hospitality, events, retail, customer service, aged care, and warehouse and logistics. Further, it provides HR software as a service. SEEK Limited was incorporated in 1997 and is headquartered in Melbourne, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SEEK Limited reported revenue of A$1.1B in FY2025 versus A$760M in FY2021, a compound +9.6%/yr. Reported net income was A$245M in FY2025, compounding −24.4%/yr from FY2021.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
A$1.1B
Latest YoY
+1.2%
Avg. growth/yr (3Y)
−0.6%
Avg. growth/yr (5Y)
+11.0%
Avg. growth/yr (24Y)
+21.0%
Revenue +9.6%/yr
FY21 A$760M
FY22 A$1.1B
FY23 A$1.2B
FY24 A$1.1B
FY25 A$1.1B
Net income −24.4%/yr
FY21 A$752M
FY22 A$169M
FY23 A$1.0B
FY24 −A$101M
FY25 A$245M

SEK screens 25% overvalued. Compare with Alphabet Inc →

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Cite: Fair Value Calculator (2026). "SEEK Limited Fair Value". https://www.fairvalue-calculator.com/stock/SEK

Peer Group

Internet Content & Information · 151 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 62 · Above median
Fair Value upside −25% · Above median
Return on assets 4% · Above median
Net margin (TTM) -12% · Bottom 25%
Operating margin (TTM) 25% · Top 25%
Revenue growth 21% · Top 25%
Dividend yield (TTM) 3.5% · Above median
Debt / equity 0.40× · Higher than 75% of peers

Valuation Multiples vs Internet Content & Information median · lower = cheaper

P/B 1.32× · Cheaper than median
P/S (TTM) 2.96× · Pricier than median
P/FCF 17.8× · Pricier than median
EV/EBITDA 17.1× · Pricier than median
PEG 1.51× · Pricier than median

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 1 · sector 0
FUTURE 100 · sector 31
PAST 0 · sector 10
HEALTH 80 · sector 99
DIVIDEND 69 · sector 43

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 Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Alphabet Inc GOOGL $354.46 $145.14 -59%
Meta Platforms, Inc META $669.21 $534.91 -20%
Tencent Holdings 0700 HK$460.20 HK$467.50 +2%
Spotify Technology S.A SPOT $485.38 $209.56 -57%
Baidu, Inc BIDU $113.30 $451.51 +299%
Reddit, Inc RDDT $195.34 $39.59 -80%
Kuaishou Technology, an investment holding company, 1024 HK$44.70 HK$101.03 +126%
NAVER Corporation 035420 191,300 KRW 231,585 KRW +21%
Tencent Music Entertainment Group 1698 HK$34.74 HK$65.78 +89%
REA Group REA A$149.14 A$88.53 -41%

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Frequently asked questions

Is SEEK Limited (SEK) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of A$11.64 versus a price of A$15.42, about −25% (overvalued).
What is the fair value of SEK?
Our model-based fair value for SEEK Limited is A$11.64 (as of Jul 19, 2026), built from audited fundamentals. The current price is A$15.42.
What is the quality score of SEK?
SEEK Limited has a Quality Score of 62/100. 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 revenue of SEEK Limited (SEK)?
SEEK Limited reported trailing-twelve-month revenue of about A$1.2B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of SEK?
The net profit margin of SEEK Limited is about -12.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does SEEK Limited pay a dividend?
SEEK Limited currently shows a dividend yield of about 3.77% relative to its recent price (as of Jul 19, 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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