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The Berkeley Group Holdings
(LSE:BKG)
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Rating:68Neutral
Price Target:
3,630.00 p
â–²(2.48% Upside)
Action:Downgraded
Date:09/25/26
The score is driven primarily by above-average financial strength (especially a conservative balance sheet and solid margins), partially offset by weakening recent growth and cash-flow volatility. Technical indicators are currently bearish (price below key moving averages and negative MACD), while the low P/E provides valuation support.
Positive Factors
Conservative balance sheet
Moderate leverage and a substantial equity base provide Berkeley with financial resilience through housing-cycle fluctuations. This supports continued investment in development projects and gives management more flexibility to withstand weaker sales or profitability without excessive balance-sheet strain.
Negative Factors
Recent revenue and earnings decline
The latest contraction in revenue and net income signals weaker near-term operating momentum, which could reduce Berkeley’s capacity to convert its development pipeline into completions and profits. If sustained, lower activity may weigh on returns and delay recovery in earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Moderate leverage and a substantial equity base provide Berkeley with financial resilience through housing-cycle fluctuations. This supports continued investment in development projects and gives management more flexibility to withstand weaker sales or profitability without excessive balance-sheet strain.
Read all positive factors
The Berkeley Group Holdings (BKG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£3.13B
Dividend Yield6.88%
Average Volume (3M)394.59K
Price to Earnings (P/E)10.4
Beta (1Y)0.87
Revenue Growth-4.15%
EPS Growth-10.86%
CountryUK
Employees2,438
SectorConsumer Cyclical
Sector Strength84
IndustryResidential Construction
Share Statistics
EPS (TTM)3.34
Shares Outstanding90,278,550
10 Day Avg. Volume198,205
30 Day Avg. Volume394,587
Financial Highlights & Ratios
PEG Ratio-0.90
Price to Book (P/B)0.85
Price to Sales (P/S)1.29
P/FCF Ratio10.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£3,947.00Price Target Upside11.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.83
Revenue Forecast (FY)£2.05B
The Berkeley Group Holdings Business Overview & Revenue Model
Company Description
The Berkeley Group Holdings plc, alongside its various subsidiaries, specializes in the development of residential-focused and mixed-purpose properties throughout the United Kingdom. The company also participates in the divestment of land. Its ope...
How the Company Makes Money
Berkeley primarily makes money by developing residential-led property projects and selling completed homes to private buyers and investors. Its core revenue stream is the sale of residential units: the company purchases or controls land, obtains p...
The Berkeley Group Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
83
Very Positive
Cash Flow
64
Positive
| Breakdown | Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.38B | 2.49B | 2.46B | 2.55B | 2.35B |
| Gross Profit | 597.20M | 660.30M | 644.50M | 696.80M | 664.80M |
| EBITDA | 450.10M | 561.70M | 591.30M | 547.00M | 569.20M |
| Net Income | 318.30M | 382.00M | 397.60M | 465.70M | 482.40M |
Balance Sheet | |||||
| Total Assets | 6.48B | 6.69B | 7.00B | 6.86B | 6.59B |
| Cash, Cash Equivalents and Short-Term Investments | 1.02B | 1.02B | 1.19B | 1.07B | 928.90M |
| Total Debt | 664.00M | 682.20M | 664.40M | 665.10M | 665.90M |
| Total Liabilities | 2.84B | 3.13B | 3.44B | 3.53B | 3.45B |
| Stockholders Equity | 3.64B | 3.56B | 3.56B | 3.33B | 3.14B |
Cash Flow | |||||
| Free Cash Flow | 305.40M | 192.10M | 232.00M | 408.50M | -130.80M |
| Operating Cash Flow | 305.40M | 193.10M | 233.40M | 410.50M | -129.50M |
| Investing Cash Flow | -44.10M | -4.00M | 60.90M | -12.80M | -27.70M |
| Financing Cash Flow | -253.20M | -365.90M | -172.70M | -256.20M | -342.10M |
The Berkeley Group Holdings Technical Analysis
Positive
3542.00
Price Trends
3372.76
Positive
3428.84
Positive
3557.95
Negative
Market Momentum
42.62
Negative
58.69
Neutral
47.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BKG, the sentiment is Positive. The current price of 3542 is above the 20-day moving average (MA) of 3341.60, above the 50-day MA of 3372.76, and below the 200-day MA of 3557.95, indicating a neutral trend. The MACD of 42.62 indicates Negative momentum. The RSI at 58.69 is Neutral, neither overbought nor oversold. The STOCH value of 47.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BKG.
The Berkeley Group Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £2.77B | 11.41 | 5.99% | 5.18% | 9.47% | 193.33% | |
68 Neutral | £3.13B | 10.42 | 8.79% | 6.88% | -4.15% | -10.86% | |
68 Neutral | £4.40B | 18.78 | 3.13% | 1.86% | 8.55% | 26.47% | |
66 Neutral | £4.00B | 13.11 | 8.45% | 4.82% | 17.38% | 18.92% | |
64 Neutral | £2.43B | 13.13 | 5.49% | 3.28% | 13.63% | 25.11% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | £827.68M | -1.65 | -16.57% | 7.03% | -7.99% | -5071.71% |
* Consumer Cyclical Sector Average
GB:BKG
The Berkeley Group Holdings
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-12.83%
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The Berkeley Group Holdings Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Berkeley Group Cuts Share Count with Latest Buyback and Cancellation
Positive
Sep 18, 2026
The Berkeley Group Holdings plc, a leading UK residential property developer, focuses on delivering high-quality homes and mixed-use schemes in London and the South of England. Its core business centres on large-scale urban regeneration projects t...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresShareholder Meetings
Berkeley Group shareholders back all resolutions at 2026 AGM
Positive
Sep 11, 2026
Shareholders of The Berkeley Group Holdings plc overwhelmingly approved all resolutions at the company’s 2026 Annual General Meeting held on 11 September, including the receipt of accounts for the year to 30 April 2026 and the annual remuner...
Business Operations and StrategyExecutive/Board Changes
Berkeley Group Strengthens Board with Appointment of Kate Tinsley
Positive
Sep 11, 2026
Berkeley Group has appointed Kate Tinsley OBE as an independent non-executive director, effective 1 November 2026, and she will join the Remuneration Committee. The move brings additional supply chain, private equity and industry expertise to the ...
Business Operations and StrategyStock BuybackFinancial DisclosuresShareholder Meetings
Berkeley Group Sticks to Profit Plan as It Pushes for Stamp Duty Reform
Neutral
Sep 11, 2026
Berkeley told shareholders at its AGM that trading since May has been dampened by prolonged conflict in the Middle East and UK political uncertainty, reinforcing its decision to re-phase strategy and cut production by about 25% over four years in ...
Business Operations and StrategyStock Buyback
Berkeley Group Reduces Share Capital Through Latest Buyback
Positive
Sep 10, 2026
Berkeley Group has repurchased and cancelled a total of 39,793 ordinary shares between 7 and 8 September 2026 via Barclays Bank on the London Stock Exchange. The buyback was conducted under an existing shareholder authority, with the shares cancel...
Stock BuybackRegulatory Filings and Compliance
Berkeley Group Cuts Share Count with Latest Buyback
Positive
Sep 4, 2026
Berkeley Group has continued its share buyback activity, purchasing and cancelling 115,327 ordinary shares between 28 August and 4 September 2026 via Barclays Bank on the London Stock Exchange. The cancellations reduce the company’s outstand...
Stock BuybackRegulatory Filings and Compliance
Berkeley Group Updates Market on Voting Rights After Share Capital Changes
Neutral
Sep 1, 2026
Berkeley Group has updated investors on its capital structure, confirming that as of 28 August 2026 it has 99,416,726 issued ordinary shares, of which 8,105,936 are held in treasury, leaving 91,310,790 voting rights in circulation. The disclosure,...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Berkeley Group Cancels Fresh Tranche of Buyback Shares, Cuts Share Count to 91.3m
Positive
Aug 24, 2026
Berkeley Group has executed a series of on-exchange share buybacks between 17 and 24 August 2026, purchasing and cancelling just under 180,000 ordinary shares through Barclays Bank on the London Stock Exchange. The trades were conducted under shar...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Berkeley Group Cuts Share Count With Latest Buyback and Cancellation
Positive
Aug 14, 2026
Berkeley Group Holdings plc has executed a series of share buybacks between 7 and 14 August 2026, purchasing and cancelling a total of 90,675 ordinary shares through Barclays Bank on the London Stock Exchange. The transactions were conducted under...
Regulatory Filings and Compliance
Berkeley Group Executives Boost Holdings With Bonus-Funded Share Purchases
Positive
Aug 11, 2026
Berkeley Group has disclosed that chief executive officer Richard Stearn purchased 1,692 ordinary shares in the company on 11 August 2026 via the London Stock Exchange. The shares were acquired in two tranches at prices slightly above £35 per...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Berkeley Group Publishes 2026 Annual Report and Sets AGM Date
Neutral
Aug 11, 2026
Berkeley Group has released its 2026 Annual Report and Accounts together with the formal notice of its upcoming Annual General Meeting, making both documents available to shareholders through regulatory storage and the company’s website. The...
Stock BuybackRegulatory Filings and Compliance
Berkeley Group Cancels Latest Buyback Shares, Updates Free-Float Count
Positive
Aug 4, 2026
The Berkeley Group Holdings plc has continued its share buyback programme, repurchasing and cancelling a series of ordinary shares during the period from 29 July to 4 August 2026. The transactions were executed via Barclays Bank on the London Stoc...
Stock BuybackRegulatory Filings and Compliance
Berkeley Group Updates Share Capital and Voting Rights After Buybacks
Neutral
Aug 3, 2026
The Berkeley Group has confirmed that as of 31 July 2026 its total issued share capital stands at 99,764,282 ordinary shares, of which 8,105,936 are held in treasury, leaving 91,658,346 voting rights in the market. This structure reflects the comp...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Berkeley Group Cancels Nearly 54,000 Shares in Latest Buyback
Positive
Jul 28, 2026
The Berkeley Group Holdings plc has continued its capital management programme by repurchasing and cancelling its own shares on the London Stock Exchange between 22 and 28 July 2026. The company bought a total of 53,977 ordinary shares during this...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Berkeley Group Cancels 152,145 Shares in Latest Buyback Move
Positive
Jul 21, 2026
Berkeley Group has continued its share buyback programme, repurchasing and cancelling 152,145 ordinary shares between 15 and 21 July 2026 via on‑exchange transactions executed by Barclays Bank on the London Stock Exchange. The purchases, mad...
Stock BuybackRegulatory Filings and Compliance
Berkeley Group Tightens Capital Base With July Share Buybacks
Positive
Jul 14, 2026
Berkeley Group Holdings has continued its share buyback programme, purchasing and cancelling 223,513 ordinary shares between 7 and 14 July 2026 via on‑exchange transactions executed by Barclays Bank on the London Stock Exchange. The move red...
Business Operations and StrategyExecutive/Board Changes
Berkeley Director Richard Dakin Takes Board Role at Schroder Real Estate Trust
Positive
Jul 10, 2026
Berkeley Group has announced that its Independent Non-Executive Director, Richard Dakin, has joined the board of Schroder Real Estate Investment Trust Limited as an Independent Non-Executive Director. He will sit on SREI’s Audit, Management ...
Stock BuybackRegulatory Filings and Compliance
Berkeley Group Cancels Newly Repurchased Shares, Tightens Share Count
Positive
Jul 6, 2026
Berkeley Group has continued its capital management programme with a series of on-exchange share repurchases executed through Barclays Bank between 29 June and 3 July 2026. The ordinary shares, bought at prices between 3,372 pence and 3,588 pence,...
Stock BuybackRegulatory Filings and Compliance
Berkeley Group Updates Market on Share Capital and Voting Rights
Neutral
Jul 1, 2026
The Berkeley Group Holdings plc has updated the market on its capital structure, confirming that as of 29 May 2026 it had 100,358,629 issued ordinary shares, of which 8,105,936 are held in treasury, leaving 92,252,693 voting rights in circulation....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.