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Travis Perkins plc (TPK) Fair Value & Analysis

Industrials · GB · Market cap 1.2B GBX

TP Travis Perkins plc TPK · LSE
Price£5.65
Fair Value£6.07
Upside+7.5%
Quality57/100
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Mixed Growth
Loss-making · -3.9% net margin
Low debt · generates free cash flow
2.14% dividend yield
Mixed vs. peers (6/14)
Narrow moat 20/100
Evidence: High Range £3.82 – £8.32 Share as image

Fair value as of: Jul 18, 2026

From 15 valuation models · updated 22 days ago

Share price +30.2% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (£3.82 to £8.32) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

£13.02 £3.98 Fair Value £6.07 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range £3.98 – £13.02 · fair‑value band £3.82 – £8.32 · the £5.65 price screens below the £6.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Travis Perkins plc (TPK) currently trades at £5.65, while our model-based Fair Value estimate is £6.07, implying the stock looks roughly 7.5% fairly valued today. The Quality Score stands at 57/100 (solid quality), in the Industrials 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, Travis Perkins plc generated revenue of £4.6B at a net margin of -3.9%. Revenue grew 0.3% year over year. It earns a return on equity of -9.4%. Net debt stands at £621M. Fundamentals as of Jul 18, 2026

Our scenario range runs from £3.82 (bear case) to £8.32 (bull case); at £5.65, 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 8%, TPK 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 £12.56 £17.34 £23.29 80
Rev-Margin DCF £7.76 £10.89 £14.55 74
ROIC Compounder £2.70 £3.07 £3.37 72
All 15 models by family
DCF Models
FCF DCF £12.47 £17.97 £25.26 38
5Y Revenue Exit £7.76 £10.70 £14.25 39
5Y EBITDA Exit £11.68 £18.02 £25.29 41
10Y Revenue Exit £9.46 £12.45 £16.14 36
10Y EBITDA Exit £11.87 £17.08 £23.82 37
Earnings-Based
EPV £2.70 £3.07 £3.37 59
Dividend Discount
Gordon GGM £1.05 £1.89 £2.60 70
DDM Multi-Stage £1.05 £1.62 £2.02 61
Multiples
EV/EBIT £6.79 £9.04 £11.29 53
EV/EBITDA £12.62 £16.81 £21.01 54
EV/Revenue £4.86 £6.92 £8.99 43
Asset-Based
NCAV (Graham) £4.19 £5.62 £8.39 50
Growth DCF
Growth DCF £12.56 £17.34 £23.29 80
Rev-Margin DCF £7.76 £10.89 £14.55 74
Economic Profit
ROIC Compounder £2.70 £3.07 £3.37 72

Widest divergence: DCF Models (£17.08) versus Dividend Discount (£1.62). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 4.6B GBX
Revenue growth (YoY) +0.3%
Net margin -3.9%
Return on equity -9.4%
Free cash flow 281M GBX FY2025
Operating margin 2.8%
More key figures
EPS (TTM) £-0.8300
Dividend yield 2.1%
EPS growth (YoY) +472%
Net debt 621M GBX FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 56 · Market factors (momentum, volatility) 54

Profitability 30
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 83
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

Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies.

Full company description

Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline, insulation, and interior building products; provides managed and hire services; designs and supplies kitchen offer under the Benchmarx; and commercial and industrial heating and cooling solutions. In addition, the company provides specialist civils and drainage solutions; and air-conditioning, refrigeration products, and heat pumps, as well as installation materials. Further, it provides kitchens and joinery products, as well as repair and maintenance management services for social housing landlords. The company markets its products under Travis Perkins, Toolstation, BSS, Keyline, CCF, and TF Solution brands. It sells its products through branches and distribution centres. Travis Perkins plc was founded in 1797 and is headquartered in Northampton, the United Kingdom.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Travis Perkins plc reported revenue of £4.6B in FY2025 versus £4.6B in FY2021, a compound −0.1%/yr. Reported net income was −£176M in FY2025.

Growth Quality 33/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£4.6B
Latest YoY
−0.9%
Avg. growth/yr (3Y)
−3.0%
Avg. growth/yr (5Y)
+4.3%
Avg. growth/yr (39Y)
+10.5%
Revenue −0.1%/yr
FY21 £4.6B
FY22 £5.0B
FY23 £4.9B
FY24 £4.6B
FY25 £4.6B
Net income
FY21 £279M
FY22 £192M
FY23 £38.1M
FY24 −£77.4M
FY25 −£176M

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Cite: Fair Value Calculator (2026). "Travis Perkins plc Fair Value". https://www.fairvalue-calculator.com/stock/TPK

Peer Group

Industrial Distribution · 104 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 57 · Below median
Fair Value upside +8% · Above median
Return on assets 2% · Below median
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) 3% · Below median
Revenue growth 0% · Below median
Dividend yield (TTM) 2.1% · Above median
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Industrial Distribution median · lower = cheaper

P/B 0.91× · Cheaper than median
P/S (TTM) 0.35× · Cheaper than median
P/FCF 5.7× · Pricier than median
EV/EBITDA 8.1× · Cheaper than median
PEG 1.02× · Cheaper 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 43 · sector 19
FUTURE 2 · sector 19
PAST 0 · sector 35
HEALTH 88 · sector 90
DIVIDEND 43 · sector 30

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 Industrial Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
W.W. Grainger, Inc GWW $1,376 $625.61 -55%
Fastenal Company FAST $45.49 $20.64 -55%
Ferguson Enterprises Inc FERG $232.02 $151.92 -35%
WESCO International, Inc WCC $326.71 $213.01 -35%
Watsco, Inc WSO $385.16 $268.10 -30%
Toromont Industries Ltd TIH C$232.22 C$127.90 -45%
Applied Industrial Technologies, Inc AIT $329.35 $191.65 -42%
Finning International Inc FTT C$102.50 C$76.38 -25%
Addtech AB ADDTB kr 329.20 kr 156.35 -53%
Core & Main, Inc CNM $44.66 $49.47 +11%

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Frequently asked questions

Is Travis Perkins plc (TPK) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of £6.07 versus a price of £5.65, about +8% (fairly valued).
What is the fair value of TPK?
Our model-based fair value for Travis Perkins plc is £6.07 (as of Jul 18, 2026), built from audited fundamentals. The current price is £5.65.
What is the quality score of TPK?
Travis Perkins plc has a Quality Score of 57/100. 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 Travis Perkins plc (TPK)?
Travis Perkins plc reported trailing-twelve-month revenue of about £4.6B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of TPK?
The net profit margin of Travis Perkins plc is about -3.9%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Travis Perkins plc pay a dividend?
Travis Perkins plc currently shows a dividend yield of about 2.29% relative to its recent price (as of Jul 18, 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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