Assessing Getlink (ENXTPA:GET) Valuation After Recent Share Price Momentum

Simply Wall St

Mon, February 16, 2026 at 3:09 PM GMT+9 4 min read

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Why Getlink is on investor radars today

Getlink (ENXTPA:GET) has drawn attention after a period of solid recent returns, with the stock showing gains over the past week, month, past 3 months and year.

See our latest analysis for Getlink.

At a share price of €17.75, Getlink’s recent 9.7% 1 month share price return and 15.3% 3 month share price return sit alongside a 1 year total shareholder return of 15.6%. Together, these figures suggest building momentum rather than a short lived bounce.

If this move has you thinking about where capital intensive infrastructure trends might lead next, it could be a good moment to check out our screener of 25 power grid technology and infrastructure stocks as a way to spot other potential ideas.

So with Getlink trading around €17.75 and sitting just above its average analyst target, is the recent strength already pricing in future growth, or could today’s level still represent an opening for new buyers?

Price to earnings of 37.5x: Is it justified?

Getlink trades on a P/E of 37.5x, and at a last close of €17.75 the shares look expensive when you compare that multiple to key benchmarks.

The P/E ratio tells you how much investors are paying today for each €1 of earnings, which matters a lot for an infrastructure operator like Getlink where cash flows and profitability can be relatively steady. A higher P/E often means the market is willing to pay up for future earnings growth, or is placing a premium on the quality and resilience of those earnings.

Here, the market multiple is only slightly below the peer average P/E of 38x, which suggests investors are broadly treating Getlink in line with similar companies. However, that same 37.5x P/E sits well above both the wider European infrastructure average of 17.5x and the estimated fair P/E of 17.7x. The market could move toward that level if sentiment or growth expectations cool.

Explore the SWS fair ratio for Getlink

Result: Price-to-earnings of 37.5x (OVERVALUED)

However, you also need to weigh risks such as potential shifts in cross channel traffic or changes in regulation affecting its tunnel and electricity operations.

Find out about the key risks to this Getlink narrative.

Another way to look at value

Our DCF model points in a different direction to the P/E story. At €17.75, Getlink is trading above our estimate of future cash flow value of €12.88, which our work suggests as a level the market could potentially move toward if expectations cool.

Story Continues  

Look into how the SWS DCF model arrives at its fair value.

GET Discounted Cash Flow as at Feb 2026

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Getlink for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 231 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Build Your Own Getlink Narrative

If you interpret the numbers differently or want to test your own assumptions, you can create a custom view of Getlink in just a few minutes by starting with Do it your way.

A great starting point for your Getlink research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.

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_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include GET.PA.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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