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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-08-24), Coles Group's Intrinsic Value: Projected FCF is €7.40. The stock price of Coles Group is €13.70. Therefore, Coles Group's Price-to-Intrinsic-Value-Projected-FCF of today is 1.9.
The historical rank and industry rank for Coles Group's Intrinsic Value: Projected FCF or its related term are showing as below:
FRA:2OF'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.61 Med: 1.65 Max: 1.85
Current: 1.85
During the past 8 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Coles Group was 1.85. The lowest was 1.61. And the median was 1.65.
FRA:2OF's Price-to-Projected-FCF is ranked worse than 83.04% of 224
companies
in the Retail - Defensive industry
Industry Median: 0.855
vs FRA:2OF: 1.85
Coles Group (FRA:2OF) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Coles Group's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
13.70
/
7.410389936973
=
1.85
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Coles Group Intrinsic Value: Projected FCF Related Terms
Coles Group Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Coles Group's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:2OF vs KR, SFM, ACI: Intrinsic Value: Projected FCF Comparison
For the Grocery Stores subindustry, Coles Group's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Coles Group Price-to-Projected-FCF vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Coles Group's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Coles Group's Price-to-Projected-FCF falls into.
Coles Group Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Intrinsic Value: Projected FCF of €7.40 mean?
Coles Group (FRA:2OF) has a Intrinsic Value: Projected FCF of €7.40 as of Aug. 24, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Coles Group and its competitors. According to the industry distribution chart, Coles Group ranks #186 out of 224 companies in the Retail - Defensive industry, placing it in the top 83%.
Is Coles Group's Intrinsic Value: Projected FCF too high?
Coles Group's current Intrinsic Value: Projected FCF is €7.40. Based on the distribution chart, Coles Group ranks #186 out of 224 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Coles Group has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Coles Group's Intrinsic Value: Projected FCF compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Coles Group ranks #186 out of 224 companies for Intrinsic Value: Projected FCF. This places Coles Group in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.86. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Retail - Defensive company?
The median Intrinsic Value: Projected FCF among Retail - Defensive companies is 0.86, based on 224 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Coles Group and its competitors. For the Retail - Defensive industry, the median Intrinsic Value: Projected FCF is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coles Group's current Intrinsic Value: Projected FCF is €7.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coles Group stock overvalued right now?
Coles Group (FRA:2OF) has a current Intrinsic Value: Projected FCF of €7.40. The stock's GF Value™ is €12.11, compared to a current price of €13.70 — trading 13.1% above its estimated fair value. The current Intrinsic Value: Projected FCF is €7.40. Coles Group's overall GF Score™ is 74/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Coles Group (FRA:2OF), the current Intrinsic Value: Projected FCF is €7.40 as of Aug. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Coles Group (FRA:2OF) Overvalued in 2026?
Based on GuruFocus' analysis, Coles Group stock appears to be overvalued.
The current stock price of €13.70 is trading 13.1% above its estimated GF Value™ of €12.11.
Key valuation signals for FRA:2OF:
Intrinsic Value: Projected FCF: €7.40
GF Value™: €12.11 vs. price of €13.70 (13.1% above fair value)
No single metric tells the full story. See the FRA:2OF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coles is one of Australia's largest retailers, operating the second-largest supermarket chain behind market leader Woolworths, and the country's second-largest liquor chain. The group has an extensive store network of over 1,800 stores and roughly 80% of Australians live within a 10-minute drive from a Coles store. The retailer employs some 120,000 people, who process some 20 million individual customer transactions a week. This compares with Woolworths processing about 30 million customer transactions per week from Australia's population of 27 million.
74GF Score
Get the complete analysis for FRA:2OF
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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