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Pierre et Vacances SA (VAC) Fair Value & Analysis

Consumer Cyclical · FR · Market cap €899M

PE Pierre et Vacances SA VAC · PA
Price€1.85
Fair Value€1.51
Upside-18.3%
Quality95/100
Evidence: High Range €1.20 – €1.99

Fair value as of: Jun 24, 2026

From 23 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from €4.00 to €1.51 (−62.3%) since Jun 23, 2026. Share price −6.6% over the past month.

Price vs Fair Value (12 months)

€2.02 €1.54 Fair Value €1.51 Jul 2025 Jun 2026

12‑month range €1.54 – €2.02 · fair‑value band €1.20 – €1.99 · the €1.85 price screens above the €1.51 fair value. As of Jun 24, 2026.

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Analysis

Pierre et Vacances SA (VAC) currently trades at €1.85, while our model-based Fair Value estimate is €1.51 — implying the stock looks roughly 18.3% overvalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical 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, Pierre et Vacances SA generated revenue of €1.9B at a net margin of 1.8%. Revenue grew 6.0% year over year. Net debt stands at €6.1B. The stock trades on a trailing P/E of 27.8. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €1.9B
Revenue growth (YoY) +6.0%
Net margin 1.8%
Free cash flow €225M FY2025
P/E ratio 27.8
Operating margin 23.7%
More key figures
EPS (TTM) €0.0700
EPS growth (YoY) +19.5%
Net debt €6.1B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Pierre et Vacances SA engages in the property development and tourism businesses in Europe and internationally. The company operates apartments, houses, and cottages, as well as residences, villages, and hotels. It offers its products under the Pierre & Vacances, Center Parcs, Sunparks, Villages, maeva, and Adagio brands. The company was founded in 1967 and is headquartered in Paris, France.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pierre et Vacances SA reported revenue of €1.9B in FY2025 versus €937M in FY2021, a compound +18.8%/yr. Reported net income was €33.5M in FY2025.

Revenue +18.8%/yr
FY21 €937M
FY22 €1.6B
FY23 €1.8B
FY24 €1.8B
FY25 €1.9B
Net income
FY21 −€426M
FY22 €291M
FY23 −€63.1M
FY24 €20.0M
FY25 €33.5M

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Similar stocks

6 more Lodging stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $384.19 $135.68 -65%
Hilton Worldwide Holdings HLT $338.15 $103.43 -69%
InterContinental Hotels Group IHG $170.05 $85.18 -50%
Hyatt Hotels Corporation H $196.33 $106.17 -46%
H World Group H1TH34 R$62.64 R$59.49 -5%
Accor SA ACRFF $57.35 $44.53 -22%

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Frequently asked questions

Is Pierre et Vacances SA (VAC) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €1.51 versus a price of €1.85 — about −18% (overvalued). Model-based estimate, not financial advice.
What is the fair value of VAC?
Our 21-model fair value for Pierre et Vacances SA is €1.51 (as of Jun 24, 2026), built from audited fundamentals. The current price is €1.85.
What is the quality score of VAC?
Pierre et Vacances SA has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Pierre et Vacances SA (VAC)?
Pierre et Vacances SA reported trailing-twelve-month revenue of about €1.9B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of VAC?
The net profit margin of Pierre et Vacances SA is about 1.8%, meaning it keeps roughly 1.8% of revenue as net income. Based on the latest reported figures.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.