Publicis Groupe (PUB.PA)
Communications · Euronext · Europe
Fundamentals
Valuation and ratings
Publicis Groupe trades at €91.38, which is 39% above the €55.42 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 58 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 13.4 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About Publicis Groupe
Publicis Groupe S.A., together with its subsidiaries, provides marketing, communications, and digital business transformation services in North America, Europe, the Asia Pacific, Latin America, Africa, and the Middle East, and internationally. The company offers power of one, publicis communications; publicis sapient; publicis media; publicis health; and other services. Publicis Groupe S.A. was founded in 1926 and is headquartered in Paris, France.
PUB.PA passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Publicis Groupe (PUB.PA) undervalued?
Against our discounted cash flow estimate of €55.42, PUB.PA at €91.38 is 39% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is PUB.PA's P/E ratio?
PUB.PA trades at 13.4 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.
