Using all comparables from Refinitiv @March 2024

Identifier Company Name Price Close Earnings Per Book Value Per
(RIC) (GBp) Share - Actual Share
(FY0, GBp) (FY0, GBp)

ABF.L Associated British Foods PLC 2,254.00 141.80 1,425.84

AD.AS Koninklijke Ahold Delhaize NV 2,349.45 216.80 1,329.78
BMEB.L B&M European Value Retail SA 550.00 36.20 71.89
CARR.PA Carrefour SA 1,320.55 156.68 1,400.82
ITX.MC Industria de Diseno Textil SA 3,442.73 116.31 481.78
MKS.L Marks and Spencer Group PLC 246.30 17.50 143.14
SBRY.L J Sainsbury PLC 248.50 23.00 313.63
TSCO.L Tesco PLC 282.20 21.85 165.02

using two chosen comparables

Identifier Company Name Price Close Earnings Per Book Value Per
(RIC) (GBp) Share - Actual Share
(FY0, GBp) (FY0, GBp)

AD.AS Koninklijke Ahold Delhaize NV 2,349.45 216.80 1,329.78

MKS.L Marks and Spencer Group PLC 246.30 17.50 143.14
Revenue Per Earnings Per Share - Mean
Share (FY1, GBp)
(FY0, GBp)
P/E_0 P/B P/S P/E_1
2,538.56 179.12 15.89563 1.580828 0.887905 12.58406
7,956.34 216.23 10.83672 1.766791 0.295293 10.86545
496.65 37.38 15.19337 7.651058 1.107421 14.71226
10,235.28 163.42 8.428502 0.942698 0.12902 8.080761
922.57 147.62 29.59938 7.145828 3.731654 23.32105
586.62 23.03 14.07429 1.720726 0.419862 10.69586
1,338.79 21.11 10.80435 0.792336 0.185615 11.77201
878.94 23.85
Average 14.97603 3.085752 0.965253 13.14735
Tesco: Price estimates 327.2563 509.2011 848.3955 313.5174
Tesco: Average_price estimates 499.5926

Revenue Per Earnings Per Share - Mean

Share (FY1, GBp)
(FY0, GBp)
P/E_0 P/B P/S P/E_1
7,956.34 216.23 10.83672 1.766791 0.295293 10.86545
586.62 23.03 14.07429 1.720726 0.419862 10.69586
Average 12.4555 1.743759 0.357577 10.78065
Tesco: Price estimates 272.1776 287.7496 314.2875 257.0801
Tesco: Average_price estimates 282.8237

Tesco share price 282