Unibail-Rodamco-Westfield (URW) Fair Value & Analysis
Real Estate · FR · Market cap €15.0B · ISIN FR0013326246
What is Unibail-Rodamco-Westfield really worth?
A solid business, currently priced close to our fair value of €98.09.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 16 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from €101.67 to €98.09 (−3.5%) since Jul 20, 2026. Share price −7.0% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- The models converge in a tight band (€94.72 to €105.21), unusually little disagreement for a valuation.
- 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 Aug 13, 2026.
How to read this chart
60‑month range €35.59 – €105.90 · fair‑value band €94.72 – €105.21 · the €97.14 price screens below the €98.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Unibail-Rodamco-Westfield (URW) currently trades at €97.14, while our model-based Fair Value estimate is €98.09, implying the stock looks roughly 1.0% fairly valued today. The Quality Score stands at 54/100 (solid quality), in the Real Estate sector. Bull case: the Multiples group reads highest at a median of €149.23 per share, and 7 of the 16 models we run sit above the €97.14 price. Bear case: the Growth DCF group reads lowest at €26.88, and 9 of the 16 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Unibail-Rodamco-Westfield generated revenue of €3.5B at a net margin of 35.8%. Revenue declined 3.8% year over year. It earns a return on equity of 7.1%. Net debt stands at €21.8B. Fundamentals as of Aug 13, 2026
Our scenario range runs from €94.72 (bear case) to €105.21 (bull case); at €97.14, 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. The share trades about 5% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −51% fair-value upside, at 1%, URW 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 €2.87 per share, which is 2.9 % 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: Multiples (€149.23) versus Growth DCF (€26.88). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 58
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
Unibail-Rodamco-Westfield SE (URW) operates vibrant retail-anchored destinations in many of the world's best cities and urban areas. This powerful network attracts over 900 million customer visits annually, supports the growth of major retailers, and makes a significant social and economic contribution to local communities.
Full company description
Unibail-Rodamco-Westfield SE (URW) operates vibrant retail-anchored destinations in many of the world's best cities and urban areas. This powerful network attracts over 900 million customer visits annually, supports the growth of major retailers, and makes a significant social and economic contribution to local communities. This network includes 66 owned shopping centres in the US and Europe that represent around 88% of the Group's 49 Bn pounds asset portfolio " with 41 centres operating under the iconic Westfield brand. URW also has partners who operate Westfield-branded destinations in fast-growing new markets. Through its Platform for Growth business plan, URW is generating organic growth, leveraging the power of the Westfield brand, and unlocking capital light growth opportunities to generate compelling shareholder returns. This is supported by the Group's (Better Places) sustainability roadmap, which has established URW as a leader in the real estate industry and one of the 100 most sustainable companies in the world. Unibail-Rodamco-Westfield SE was incorporated in July 23rd, 1968 in France.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Unibail-Rodamco-Westfield reported revenue of €3.1B in FY2025 versus €2.5B in FY2021, a compound +5.0%/yr. Reported net income was €1.3B in FY2025.
of which total revenue +5.0 % · buybacks/dilution −3.5 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- URW SE - Information on total number of voting rights and shares in the share capital as at July 31, 2026
- Unibail-Rodamco-Westfield (UNBLF) (H1 2026) Earnings Call Highlights: Record Low Vacancy and ...
- UNIBAIL-RODAMCO-WESTFIELD REPORTS H1-2026 EARNINGS
- URW SE - Information on total number of voting rights and shares in the share capital as at June 30, 2026
Peer Group
REIT - Retail · 94 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 - Retail 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.
Insider activity: 42/100
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 - Retail stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Simon Property Group SPG | $212.32 | $84.26 | −60% |
| Realty Income Corporation O | $61.98 | $30.45 | −51% |
| Kimco Realty Corporation KIM | $23.71 | $12.49 | −47% |
| CapitaLand Integrated Commercial Trust (CICT or the Trust) C38U | 2.38 SGD | 0.9100 SGD | −62% |
| Scentre Group SCG | A$3.56 | A$3.34 | −6% |
| Regency Centers Corporation REG | $75.92 | $33.37 | −56% |
| Link Real Estate Investment Trust (Link REIT) 0823 | HK$39.76 | HK$41.98 | +6% |
| Federal Realty Investment Trust FRT | $116.75 | $41.47 | −64% |
| Brixmor Property Group BRX | $29.50 | $12.34 | −58% |
| Agree Realty Corporation ADC | $73.20 | $38.85 | −47% |
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