Berkeley Group Holdings BKG.L
United KingdomConsumer Cyclical · Residential ConstructionLondon Stock Exchange · GBP
36.90 GBP (+15.6%)
20 analysts
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Berkeley Group Holdings is a luxury homebuilder in southern England, developing and selling high-end residential properties, primarily in London and the South East.
Listed on London Stock Exchange · Symbol BKG.L · LON: BKG · Currency GBP
Key points
from its scores- ✓Very solid balance sheet8.1
- ✓Attractive valuation7.7
- ✕Little or no dividend1.5
- ✕Weak growth2.8
- ✕Poor share-price trend4.2
AI analysis
bottom line, main risk, context and newsThe solid balance sheet position and attractive valuation provide a cushion, but the lack of growth and dividend limits short-term appeal.
Berkeley Group presents solid financial health (score 8.05) with net cash and an operating margin of 16.75%, and trades at a P/E of 9.64, suggesting an attractive valuation. However, the business is in a contraction phase, with earnings growth of -20% and no dividend yield, reflecting the challenges of the UK residential property market.
The main risk is the persistent weakness of the UK residential property market, reflected in the -20% decline in earnings, which could be prolonged if interest rates remain high or demand stays weak.
Context and risks
The UK residential construction business is subject to ongoing regulatory and political scrutiny, including potential changes to building safety standards and planning policy. The country's governance risk is moderate, adding a layer of uncertainty, although no acute specific geopolitical or regulatory risk is identified for the company at this time.
Is Berkeley Group Holdings stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 47% below the Consumer Cyclical median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 9.6 | 17.8 | −46% |
| EV / EBITDA | 5.8 | 11.2 | −48% |
| Price / book | 0.8 | 2.9 | −72% |
| Price / sales | 1.2 | 1.3 | −3% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.7 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 36.90 GBP, +15.6% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 8.1 (sector 5.7), Growth 2.8 (sector 5.9).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Cyclical medianValuation
- P/E
- 9.6
- Forward P/E
- 11.5
- EV / EBITDA
- 5.8
- Price / book
- 0.8
- Price / sales
- 1.2
- PEG
- 5.32
- Market cap
- 2.9B GBP
- Enterprise value
- 2.6B GBP
Profitability
- ROE
- 8.8%
- ROA
- 4.2%
- ROIC (approx.)
- 9.5%
- Gross margin
- 25.1%
- Operating margin
- 16.7%
- Net margin
- 13.4%
- Free cash flow
- 353.2M GBP
- FCF yield
- 12.2%
- Cash conversion
- 79%
Solvency
- Total debt
- 664.0M GBP
- Net debt
- −359.3M GBP
- Cash
- 1.0B GBP
- EBITDA
- 448.0M GBP
- Net debt / EBITDA
- −0.80
- Debt / equity
- 18.24
- Current ratio
- 3.58
- Quick ratio
- 0.68
Growth
- Revenue growth
- −0.3%
- Earnings growth
- −20.0%
- EPS (TTM)
- 3.31 GBP
- EPS (forward)
- 2.78 GBP
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.15
- Analyst consensus
- Hold (20)
- Target price
- 36.90 GBP
Recent news
All BKG.L news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about Berkeley Group Holdings
Is Berkeley Group Holdings stock cheap or expensive?
On P/E and EV / EBITDA, it trades 47% below the Consumer Cyclical median on average. Valuation score: 7.7 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 36.90 GBP, +15.6% versus the price. This is not investment advice.
What score does Berkeley Group Holdings get on MeridIAn Screener?
It scores 5.5 out of 10, rank 1,386 of 2,130 (better than 32% of the companies analysed). Its strongest category is Financial health (8.1) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is Berkeley Group Holdings's P/E ratio?
Its P/E is 9.6: the share price equals 9.6 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 11.5.
How much is Berkeley Group Holdings worth on the stock market?
Its market capitalisation is 2.9B GBP and its enterprise value, debt included, is 2.6B GBP.
How much debt does Berkeley Group Holdings have?
It has more cash than debt: net cash of 359.3M GBP.
Does Berkeley Group Holdings pay a dividend?
It pays no dividend, or almost none.
How has Berkeley Group Holdings stock performed over the last year?
It has fallen 16.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 0.00 and 44.42 GBP. Past performance does not guarantee future results.
What do analysts think of Berkeley Group Holdings?
20 analysts cover it; their average recommendation is “Hold” and their average target is 36.90 GBP (+15.6% versus the price). It is an estimate, not market data.