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Abacus GroupABG.AXCompetitor analysis, valuation and peers

Australia · AUD·Real Estate›Real Estate Investment Trusts
Momentum neutral 42
Mkt cap
$539M
US dollars, full cap
Free float
47%
of shares outstanding
$/day
$559,575
20-day average traded
P/B
0.55×
price to book
ROE
-5.0%
delivered
Implied ROE
7.0%
what the price asks
Next earnings
103 days
17 Feb 2027
Close · AUDA$0.87
1D+1.2%
1W+3.6%
1M+7.4%
3M-6.5%
6M-13.4%
YTD-28.1%
1Y-26.0%
ATR %2.6%
52w lowhigh31.2% off high

What Abacus does

No business profile yet.

Abacus at a glance

Size Abacus (ABG.AX) is an Australia Real Estate company (Real Estate Investment Trusts) with a market value of $539M, the 253rd largest of 316 Australia companies the cockpit tracks. Shares closed at A$0.87 on 6 Nov 2026.

Performance Over six months the shares fell 13.4%, against -6.6% for the median peer and +4.1% for the Australia market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue fell 5.2% over the last twelve months (peer median +8.0%); the operating margin is -16.3% (peer median 52.3%).

Valuation It trades at 0.55× book value against a peer median of 0.84× (4th cheapest of 21).

Price implies The share price implies a return on equity of about 7.0%; Abacus delivers -5.0%, so the price asks more than the business earns today.

Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 94ABG.AX 85
Six months, rebased to 100: Abacus against the median of its 20 peers (local-currency closes).

Abacus financials

Reported figures in AUD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
RevenueA$167MA$167MA$176MA$169MA$152M
Revenue growth—-5%+5%+11%—
Gross profitA$118MA$118MA$127MA$121MA$104M
EBITDA-A$22.1M-A$21.9MA$83.2M-A$204M-A$194M
Net income-A$74.5M-A$74.5MA$26.9M-A$241MA$25.5M
Free cash flowA$45.1MA$45.1MA$9.80MA$59.9MA$145M
Capital expenditureA$39.6MA$39.6MA$55.5MA$16.1MA$8.30M
Total debtn/aA$956MA$942MA$939MA$1.01B

Quarterly statements and history in the cockpit →

Abacus competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-20%0%AP-UN180203UHT8977CREISREIBDNDXIMRG-UNMHC-UNADAMFVR365550TRTXYATOAPR-UN293940451800GOODABG.AX6-month return →1-month return →
Up and to the right = strong over both horizons. Abacus is the large dot.

Fundamentals: return on equity against price-to-book

-20%-10%0%10%10×20×30×AP-UN180203UHT8977CREIRFFSREIBDNDXIMRG-UNMHC-UNADAMFVR365550TRTXYATOAPR-UN293940GOODABG.AXReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Abacus is the large dot.

Capital: ROE delivered against the ROE the price implies

-40%-20%0%20%-40%-20%0%20%AP-UN180203UHT8977CREIRFFBDNMHC-UNADAMGOODABG.AXROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Abacus is the large dot.

Abacus competitors and peer comparison

How Abacus compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Abacus against its 20 peers (data as of 6 Nov 2026)
MeasureABG.AXPeer medianRank in peer set
1-month return+7.4%+3.4%6th highest of 21
6-month return-13.4%-6.6%8th lowest of 21
Return on equity-5.0%5.0%3rd lowest of 21
Price / book0.55×0.84×4th cheapest of 21
ROE the price implies7.0%7.4%10th least demanding of 21
ROE delivered-5.0%4.7%3rd lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Abacus ABG.AXAustralia$539M-13%-5%-5%0.55×7.0%-5.0%
Allied Properties Real Estate Investment Trust AP-UN.TOCanada$539M-61%-5%-43%0.21×4.3%-43.5%
China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit 180203.SZChina$541M0%+451%2%1.21×3.8%2.4%
Universal Health Realty Income Trust UHTUnited States$544M-4%0%14%3.90×26.8%13.5%
Hankyu Hanshin REIT 8977.TJapan$533M-19%-38%5%0.97×4.3%5.3%
Custodian Property Income REIT CREI.LUnited Kingdom$545M+1%+9%11%0.83×8.0%10.6%
Rural Funds RFF.AXAustralia$532M-1%+7%11%0.68×8.4%10.6%
Schroder Real Estate Investment Trust SREI.LUnited Kingdom$548M-6%+7%5%0.71×7.8%4.7%
Brandywine Realty Trust BDNUnited States$551M+4%+4%-19%0.85×10.1%-18.8%
Dexus Industria REIT DXI.AXAustralia$525M+3%-12%7%0.71×9.3%6.9%
Morguard North American Residential Real Estate Investment Trust MRG-UN.TOCanada$557M-12%-1%6%0.37×4.9%5.5%
Flagship Communities Real Estate Investment Trust MHC-UN.TOCanada$557M+17%+16%14%0.78×4.7%14.4%
Adamas Trust ADAMUnited States$514M-36%+35%0%0.70×9.0%-0.1%
FrontView REIT FVRUnited States$566M+5%+9%0%1.03×10.5%0.4%
ESR Kendall Square REIT 365550.KSSouth Korea$513M-37%+11%1%0.63×4.6%0.6%
TPG RE Finance Trust TRTXUnited States$512M-21%+6%4%0.50×7.7%4.1%
Atom Hoteles SOCIMI YATO.MCSpain$572M-7%-1%17%1.55×7.1%n/a
Automotive Properties Real Estate Investment Trust APR-UN.TOCanada$499M+11%+18%9%0.96×5.1%9.1%
Shinhan Alpha REIT 293940.KSSouth Korea$497M-8%+45%3%1.09×5.7%3.1%
Hanwha REIT 451800.KSSouth Korea$584M-26%+13%5%1.18×5.9%4.6%
Gladstone Commercial GOODUnited States$497M-21%+11%5%3.36×27.5%5.4%

Questions

Which companies are Abacus's closest peers?
The cockpit's peer set: Allied Properties Real Estate Investment Trust (AP-UN.TO), China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit (180203.SZ), Universal Health Realty Income Trust (UHT), Hankyu Hanshin REIT (8977.T), Custodian Property Income REIT (CREI.L), Rural Funds (RFF.AX), Schroder Real Estate Investment Trust (SREI.L), Brandywine Realty Trust (BDN).
Is Abacus expensive compared with its peers?
On price / book it trades at 0.55× against a peer median of 0.84×, 4th cheapest of 21 in its peer set. The share price implies a return on equity of about 7.0%; Abacus delivers -5.0%, so the price asks more than the business earns today.
How has Abacus stock performed?
Over six months to 6 Nov 2026 the shares returned -13.4% against -6.6% for the median peer; over one year -26.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.