Stocktoria

Greggs plc GRG.L

GB · London Stock Exchange · XLON · stock · Consumer Cyclical · website

Greggs plc statistics & valuation

Market cap£1.6B
P / E13.3×
P / S0.8×
P / B2.6×
P / FCF31.5×
Dividend yield4.33%
Net margin5.7%
Return on equity19.5%
FCF margin2.4%
Net debt£404.0M
Enterprise value USD$2.7B
Earnings yield EBIT/EV9.2%
Return on capital16.5%
Graham number -99.2%£12.83

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (£12.83); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
8.00% 7.90% 7.60% 5.70% 2022202320242025
Gross margin (%)
62.00% 60.70% 61.70% 61.50% 2022202320242025
Operating margin (%)
10.20% 9.50% 9.70% 8.70% 2022202320242025
Return on equity (%)
27.00% 26.80% 26.90% 19.50% 2022202320242025
Shares outstanding
102.0M 102.0M 102.0M 102.0M 2022202320242025
Net debt (£)
£109.7M £124.3M £289.8M £404.0M 2022202320242025
Share buybacks (£)
£11.0M £5.0M £5.0M £0 2022202320242025
Return on assets (%)
12.30% 12.60% 11.60% 8.20% 2022202320242025
Free cash flow margin (%)
9.80% 6.20% 3.90% 2.40% 2022202320242025
Debt / equity (×)
0.68× 0.60× 0.73× 0.76× 2022202320242025
EPS (£)
£1.18 £1.39 £1.50 £1.19 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Greggs plc trades at about 1334.5× earnings — below its 10-year norm (10-year range 1347×–2292.8×, median 1919.5×).

1334.5× 2292.8×

Shaded band = 10-year range (1347×–2292.8×); dot = today's 1334.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin61.5%61.7%60.7%62.0%
Operating margin8.7%9.7%9.5%10.2%
Net margin5.7%7.6%7.9%8.0%
FCF margin2.4%3.9%6.2%9.8%
Return on assets8.2%11.6%12.6%12.3%
Return on equity19.5%26.9%26.8%27.0%
Debt / equity0.04×0.00×——
Current ratio0.560.781.091.16

Computed from company filings · GB · as of 2025-12-31. Figures in GBP. Facts plus Stocktoria's own computed scores — not investment advice.