GPT Group (GPT) Fair Value & Analysis
Real Estate · AU · Market cap A$9.4B (≈ $6.7B) · ISIN AU000000GPT8
What is GPT Group really worth?
A solid business, but trading 32% above our fair value of A$3.49.
Strengths
Risks
For context
Fair value as of: Sep 5, 2026
From 16 valuation models · updated today
Share price −10.0% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (A$4.49). The favourable scenario is already priced in.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.
How to read this chart
60‑month range A$3.03 – A$5.48 · fair‑value band A$2.62 – A$4.49 · the A$4.61 price screens above the A$3.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.
Analysis
GPT Group (GPT) currently trades at A$4.61, while our model-based Fair Value estimate is A$3.49, implying the stock looks roughly 32.1% overvalued today. The Quality Score stands at 71/100 (solid quality), in the Real Estate sector. Bull case: the Economic Profit group reads highest at a median of A$5.15 per share, and 3 of the 16 models we run sit above the A$4.61 price. Bear case: the Growth DCF group reads lowest at A$1.54, and 13 of the 16 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, GPT Group generated revenue of A$1.0B at a net margin of 94.5%. Revenue declined 5.2% year over year. It earns a return on equity of 9.5%. Net debt stands at A$5.5B. Fundamentals as of Sep 5, 2026
Our scenario range runs from A$2.62 (bear case) to A$4.49 (bull case); at A$4.61, 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 18% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −49% fair-value upside, at −24%, GPT screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly A$0.1827 per share, which is 5.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 16 models by family
Widest divergence: Economic Profit (A$5.15) versus Growth DCF (A$1.54). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 66 · Market factors (momentum, volatility) 45
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
The GPT Group is one of Australia's leading property groups, with assets under management of $34.1 billion across a portfolio of high quality retail, office and logistics assets.
Full company description
The GPT Group is one of Australia's leading property groups, with assets under management of $34.1 billion across a portfolio of high quality retail, office and logistics assets. The GPT Group (GPT) is a stapled entity comprised of the General Property Trust (the Trust) and its controlled entities and GPT Management Holdings Limited (the Company) and its controlled entities. General Property Trust is a registered scheme, registered and domiciled in Australia. GPT RE Limited (GPTRE) is the Responsible Entity of the General Property Trust. GPT Management Holdings Limited (GPTMHL) is a company limited by shares, incorporated and domiciled in Australia. GPTRE Limited is a wholly owned entity of GPT Management Holdings Limited. The GPT Group was incorporated in 1959 in Austalia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
GPT Group reported revenue of A$1.0B in FY2025 versus A$795M in FY2021, a compound +6.7%/yr. Reported net income was A$981M in FY2025, compounding −8.9%/yr from FY2021.
GPT screens 32% overvalued. Compare with Goodman Group →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- GPT Group (GPTGF) (H1 2026) Earnings Call Highlights: FFO Up 5% Amid Strategic Expansion and ...
- The GPT Group (ASX:GPT) is largely controlled by institutional shareholders who own 58% of the company
- Why GPT Group (ASX:GPT) Is Up 5.1% After Swinging to A$329.1 Million Net Profit
- The GPT Group's (ASX:GPT) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?
Peer Group
REIT - Diversified · 152 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.
Valuation Multiples vs REIT - Diversified median · lower = cheaper
Strength profile in five axes (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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Goodman Group GMG | A$27.55 | A$7.37 | −73% |
| VICI Properties Inc VICI | $25.87 | $40.82 | +58% |
| W. P. Carey Inc WPC | $70.51 | $34.80 | −51% |
| Charter Hall Group CHC | A$21.90 | A$10.99 | −50% |
| Stockland SGP | A$4.59 | A$3.70 | −19% |
| Mirvac Group MGR | A$1.85 | A$0.5700 | −69% |
| Broadstone Net Lease, Inc BNL | $21.55 | $10.91 | −49% |
| KLCC Property Holdings 5235SS | 8.60 MYR | 6.66 MYR | −23% |
| T82U T82U | 1.56 SGD | 1.02 SGD | −35% |
| CRRUN CRRUN | C$16.67 | C$7.03 | −58% |
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