GSK.L

GSK plc

GSK plc, together with its subsidiaries, engages in the research, development, and manufacture of vaccines, specialty medicines, and general medicines to prevent and treat disease in the United Kingdom, the United States, and internationally. It operates through Commercial Operations and Total R&D … GSK plc, together with its subsidiaries, engages in the research, development, and manufacture of vaccines, specialty medicines, and general medicines to prevent and treat disease in the United Kingdom, the United States, and internationally. It operates through Commercial Operations and Total R&D segments. The company offers specialty medicines that include oncology, respiratory/immunology, inflammation, and inhaled medicines for HIV, respiratory eosinophildriven diseases, lupus and lupus nephritis, ovarian cancer, and endometrial cancer. It also provides vaccines for Shingles, Meningitis, RSV, Seasonal Influenza, Hepatitis, Diphtheria, Tetanus, Acellular Pertussis, Rotavirus, Pertussis, Polio, Haemophilus, Invasive Diseases, Pneumonia, Acute Otitis Media, Measles, Mumps, Rubella and Chickenpox, and Human Papilloma Virus. Additionally, the company offers general medicines for asthma, COPD, bacterial infection, benign prostatic hyperplasia, allergic rhinitis, and inflammatory skin conditions. It also focuses on the discovery, development, and commercialization of oral small molecule therapies for patients with unmet needs in oncology and inflammatory diseases. It has a collaboration agreement with CureVac to develop mRNA vaccines for infectious diseases; and strategic research collaboration with Engitix Ltd. to identify and validate novel therapeutic targets driving liver fibrosis regression. The company has a strategic alliance with AN2 Therapeutics, Inc. for the development of new therapies for TB. GSK plc was formerly known as GlaxoSmithKline plc and changed its name to GSK plc in May 2022. The company was founded in 1715 and is headquartered in London, United Kingdom.
Market price
GBP 18.47
Undervalued by 42.2%
Base value (EV/EBITDA (12x)) is 42.2% above the market price
Data: Price updated 06 Nov 2026 14:47; TTM through 30 Sep 2026, period ended 30 Sep 2026 from EODHD (downloaded 4 h ago). Last earnings: 28 Oct 2026
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Verdict

Looks undervalued

PriceGBP 18.47
Fair value range21.03–31.48base 26.26
Estimate reliabilityLow
5-year outlook–

5-year outlook: Not shown because confidence is low: Earnings-based DCF is somewhat apart.

Why: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.

Start with the price and fair value range, then review the data dates and assumptions below. Estimates are not predictions or investment advice.

EV/EBITDA (12x)

Market price below modeled range

Showing the EV/EBITDA (12x) you selected on the company card, using 4.86% growth, 2.9% terminal growth and 10.5% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.

Assumptions: growth 4.86%, discount rate 10.50%, terminal growth 2.90% (sector defaults). See a worked example.

Blended growth assumption: 4.9% (sector default 6.8%, own revenue history 3.7%, analyst revenue consensus 4.5%).

Analyst consensus expects revenue growth of 4.5% a year; the growth assumption used is 4.9%.

Adjust assumptions

Show the recommended model instead

Why this model: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.

Compare models
  • Recommended: Free-cash-flow DCF — GBP 17.93 (-2.9%)
  • EPS-based Gordon proxy — GBP 14.46 (-21.7%)
    Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
  • DCF (trailing free cash flow) — GBP 19.59 (+6.1%)
    Not used: Not chosen: Free-cash-flow DCF ranks ahead of it for this company.
  • FCFF (steady state) — GBP 17.64 (-4.5%)
    Not used: Assumes only the long-run terminal growth rate from today, so it ignores the near-term growth expected.
  • EV/EBITDA (12x) — GBP 26.26 (+42.2%)
    Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
  • Fade DCF (10-year growth fade) — GBP 19.52 (+5.7%)
    Not used: An alternative growth path (fading over 10 years) shown for comparison; the automatic choice does not use it.
  • EV/Sales (Rule of 40) — GBP 55.16 (+198.7%)
    Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
Illustrative range / share GBP 21.03–31.48
Base scenario / share GBP 26.26
Margin of safety (share of value) Cheap even in the bear case
Bear GBP 21.0312.2%
Base GBP 26.2629.7%
Bull GBP 31.4841.3%

Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.

Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.

Price history and fair value

No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.

Latest news

Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.

More detail: quality, peers, price history, dividends and financials

Quality score: 92 / 100

Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.

Profitability5 of 5 years profitable20 / 20
Cash generationfree cash flow positive in 5 of 5 years20 / 20
Growthrevenue +3.4% a year12 / 20
Balance sheetnet debt 1.9x EBITDA20 / 20
MarginsEBITDA margin 32%20 / 20

Peers in Health Care

Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.

CompanyPriceMargin of safetyP/EP/BYieldQuality
GSK.L (this company) GBP 18.47 -3.0% 17.3 4.0 3.6% 92
CNC Centene Corporation USD 72.02 43.3% 24.4 1.6 – 72
ZEAL.CO Zealand Pharma A/S DKK 231.10 37.0% 6.0 0.9 – 72
CI Cigna USD 295.59 30.1% 12.2 1.8 2.1% 70
BAVA.CO Bavarian Nordic A/S DKK 238.20 13.0% 11.7 1.4 – 92
CVS CVS Health USD 81.72 12.0% 9.5 1.3 3.2% 70
AMP.MI Amplifon S.p.A. EUR 11.17 8.7% 41.1 – 2.6% 72
ZBH Zimmer Biomet USD 106.85 0.5% 26.6 1.6 0.9% 90
SAN.PA Sanofi EUR 82.41 -3.9% 12.9 – 4.8% 92
Peer median 12.5 1.5

Dividends

Paid in the last 12 months: GBP 0.01 per share · yield 0.04% at the current price.

YearDividends per share
2026 (so far)0.005
20250.006
20240.006
20230.006
20220.007
20210.008
Sector Health Care
Exchange London Stock Exchange
Currency GBP

Trailing 12-month financials

TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 12:56

RevenueGBP 33,543,000,000
EBITDAGBP 10,641,000,000
EBITGBP 8,421,000,000
Net incomeGBP 4,351,000,000
Free cash flowGBP 6,838,000,000
Capital expendituresGBP 1,718,000,000
DebtGBP 23,701,000,000
CashGBP 2,962,000,000
Working capitalGBP -2,825,000,000
Shares outstanding4,073,000,000
Reported dividends per shareGBP 0.6624