U.S. Bancorp

WBAG:USBC Stock Report

Market Cap: €77.6b

U.S. Bancorp Valuation

Is USBC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of USBC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: USBC (€51.08) is trading below our estimate of future cash flow value (€102.9)

Significantly Below Future Cash Flow Value: USBC is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for USBC?

Key metric: As USBC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for USBC. This is calculated by dividing USBC's market cap by their current earnings.
What is USBC's PE Ratio?
PE Ratio12.4x
EarningsUS$7.43b
Market CapUS$89.77b

Price to Earnings Ratio vs Peers

How does USBC's PE Ratio compare to its peers?

The above table shows the PE ratio for USBC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.7x
EBS Erste Group Bank
12.1x9.96%€42.3b
RBI Raiffeisen Bank International
16.3x23.79%€16.5b
BG BAWAG Group
14.7x9.99%€12.4b
OBS Oberbank
15.8xn/a€5.8b
USBC U.S. Bancorp
12.4x8.42%€89.8b

Price-To-Earnings vs Peers: USBC is good value based on its Price-To-Earnings Ratio (12.4x) compared to the peer average (14.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does USBC's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
USBC 12.4xIndustry Avg. 11.5xNo. of Companies42PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: USBC is expensive based on its Price-To-Earnings Ratio (12.4x) compared to the European Banks industry average (11.2x).

Price to Earnings Ratio vs Fair Ratio

What is USBC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

USBC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.4x
Fair PE Ratio13.2x

Price-To-Earnings vs Fair Ratio: USBC is good value based on its Price-To-Earnings Ratio (12.4x) compared to the estimated Fair Price-To-Earnings Ratio (13.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst USBC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€51.08
€54.84
+7.36%
6.74%€63.91€49.66n/a19
Jun ’27€46.32
€54.76
+18.21%
6.72%€63.76€49.54n/a19
May ’27€48.25
€53.82
+11.54%
6.30%€63.04€48.98n/a20
Apr ’27€45.51
€54.02
+18.71%
6.44%€61.30€47.49n/a23
Mar ’27€46.64
€54.38
+16.61%
7.39%€65.24€49.99n/a22
Feb ’27€46.95
€52.29
+11.37%
7.56%€64.35€46.38n/a22
Jan ’27n/a
€48.96
0%
10.20%€63.86€42.57n/a23
Dec ’26€42.73
€48.26
+12.95%
8.66%€60.73€43.38n/a23
Nov ’26€40.36
€48.33
+19.77%
8.95%€60.73€43.38n/a23
Oct ’26€41.05
€46.64
+13.63%
8.99%€56.25€40.05n/a23
Sep ’26€41.76
€45.88
+9.88%
8.84%€57.49€40.33n/a23
Aug ’26€37.86
€46.22
+22.09%
8.77%€57.86€40.59n/a23
Jul ’26€38.82
€42.89
+10.48%
9.86%€55.13€35.62n/a23
Jun ’26€38.37
€44.18
+15.15%
9.86%€53.38€36.48€46.3223
May ’26€35.19
€43.22
+22.84%
9.09%€51.85€36.03€48.2522
Apr ’26€38.66
€50.58
+30.86%
8.44%€60.25€40.78€45.5121
Mar ’26€44.87
€54.46
+21.38%
7.29%€61.89€48.56€46.6421
Feb ’26€46.14
€54.88
+18.94%
6.79%€62.43€48.98€46.9521
Jan ’26n/a
€54.78
0%
7.65%€63.66€47.26n/a21
Dec ’25€50.66
€52.16
+2.97%
8.71%€62.88€46.69€42.7321
Nov ’25€44.59
€48.76
+9.35%
5.93%€55.16€45.05€40.3621
Oct ’25€40.46
€45.06
+11.39%
5.92%€51.19€39.97€41.0521
Sep ’25€42.41
€45.46
+7.20%
6.11%€49.42€39.35€41.7622
Aug ’25€40.52
€45.76
+12.96%
6.67%€50.79€38.79€37.8622
Jul ’25€36.92
€44.16
+19.63%
7.28%€49.48€39.21€38.8222
Jun ’25€36.70
€43.86
+19.52%
7.53%€50.16€39.01€38.3722
€55.03
Fair Value
7.2% undervalued intrinsic discount
19
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/12 20:47
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

U.S. Bancorp is covered by 46 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen BiggarArgus Research Company
David GeorgeBaird
Jason GoldbergBarclays