KBC Group NV

BRSE:KDB Stock Report

Market Cap: CHF 41.9b

KBC Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 KDB 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: KDB (CHF103.38) is trading below our estimate of future cash flow value (CHF202)

Significantly Below Future Cash Flow Value: KDB 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 KDB?

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

The above table shows the Price to Earnings ratio for KDB. This is calculated by dividing KDB's market cap by their current earnings.
What is KDB's PE Ratio?
PE Ratio13.2x
Earnings€3.45b
Market Cap€45.46b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KDB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.1x
LLBN Liechtensteinische Landesbank
18.6xn/aCHF 3.1b
BCVN Banque Cantonale Vaudoise
23.8x4.08%CHF 10.2b
GRKP Graubündner Kantonalbank
25.1x1.65%CHF 5.4b
LUKN Luzerner Kantonalbank
17.1xn/aCHF 5.1b
KDB KBC Group
13.2x10.81%CHF 45.5b

Price-To-Earnings vs Peers: KDB is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (21.1x).

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 KDB's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KDB 13.2xIndustry Avg. 11.5xNo. of Companies42PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KDB is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the European Banks industry average (11.5x).

Price to Earnings Ratio vs Fair Ratio

What is KDB'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.

KDB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KDB's Price-To-Earnings Fair Ratio for valuation analysis.

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 KDB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 103.38
CHF 112.00
+8.33%
12.69%CHF 133.53CHF 80.48n/a17
Jun ’27n/a
CHF 112.00
0%
12.69%CHF 133.53CHF 80.48n/a17
May ’27n/a
CHF 112.01
0%
12.86%CHF 134.97CHF 81.35n/a17
Apr ’27n/a
CHF 111.40
0%
12.77%CHF 133.47CHF 81.00n/a17
Mar ’27n/a
CHF 110.41
0%
13.23%CHF 132.15CHF 79.29n/a17
Feb ’27n/a
CHF 105.74
0%
14.14%CHF 128.63CHF 79.93n/a17
Jan ’27n/a
CHF 101.98
0%
12.44%CHF 121.66CHF 81.42n/a16
Dec ’26n/a
CHF 102.27
0%
11.79%CHF 121.17CHF 81.09n/a16
Nov ’26n/a
CHF 98.87
0%
10.97%CHF 118.58CHF 80.60n/a16
Oct ’26n/a
CHF 96.28
0%
13.35%CHF 112.21CHF 67.70n/a16
Sep ’26n/a
CHF 94.14
0%
13.78%CHF 112.24CHF 67.72n/a16
Aug ’26n/a
CHF 86.05
0%
10.12%CHF 102.38CHF 67.39n/a16
Jul ’26n/a
CHF 85.46
0%
9.87%CHF 98.12CHF 67.66n/a16
Jun ’26n/a
CHF 84.75
0%
10.69%CHF 98.08CHF 67.63n/a16
May ’26n/a
CHF 80.90
0%
11.53%CHF 99.28CHF 67.44n/a17
Apr ’26n/a
CHF 82.84
0%
12.16%CHF 101.08CHF 68.66n/a16
Mar ’26n/a
CHF 78.87
0%
9.48%CHF 91.89CHF 67.51n/a16
Feb ’26n/a
CHF 76.38
0%
8.58%CHF 87.87CHF 68.03n/a16
Jan ’26n/a
CHF 75.62
0%
8.35%CHF 87.49CHF 67.73n/a17
Dec ’25n/a
CHF 72.14
0%
8.19%CHF 83.71CHF 63.25n/a17
Nov ’25n/a
CHF 71.78
0%
7.84%CHF 81.62CHF 62.85n/a17
Oct ’25n/a
CHF 72.16
0%
7.95%CHF 81.59CHF 62.76n/a18
Sep ’25n/a
CHF 72.67
0%
10.07%CHF 86.74CHF 57.67n/a18
Aug ’25n/a
CHF 72.23
0%
10.10%CHF 86.96CHF 57.81n/a18
Jul ’25n/a
CHF 73.26
0%
10.12%CHF 88.24CHF 58.66n/a18
Jun ’25n/a
CHF 74.54
0%
10.12%CHF 89.78CHF 59.69n/a18
CHF 110.47
Fair Value
6.4% undervalued intrinsic discount
17
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 Analysis2026/06/14 09:18
End of Day Share Price 2026/06/08 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

KBC Group NV is covered by 32 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Juan Lopez CoboBanco Santander
Flora Benhakoun BocahutBarclays
Kirishanthan VijayarajahBarclays