Westpac Banking Corporation

BRSE:WBC Stock Report

Market Cap: CHF 67.1b

Westpac Banking Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 WBC 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: WBC (CHF19.29) is trading below our estimate of future cash flow value (CHF26.82)

Significantly Below Future Cash Flow Value: WBC 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 WBC?

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

The above table shows the Price to Earnings ratio for WBC. This is calculated by dividing WBC's market cap by their current earnings.
What is WBC's PE Ratio?
PE Ratio17.1x
EarningsAU$7.01b
Market CapAU$119.52b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for WBC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.7x
LLBN Liechtensteinische Landesbank
18.7xn/aCHF 3.1b
BCVN Banque Cantonale Vaudoise
23.2x4.08%CHF 10.2b
BARC Barclays
10.4x8.82%UK£64.0b
O39 Oversea-Chinese Banking
14.3x4.59%S$106.5b
WBC Westpac Banking
17.1x4.23%CHF 119.5b

Price-To-Earnings vs Peers: WBC is expensive based on its Price-To-Earnings Ratio (17.1x) compared to the peer average (16.7x).

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
WBC 17.1xIndustry Avg. 11.5xNo. of Companies44PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WBC is expensive based on its Price-To-Earnings Ratio (17.1x) compared to the European Banks industry average (11.5x).

Price to Earnings Ratio vs Fair Ratio

What is WBC'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.

WBC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate WBC'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 WBC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 19.29
CHF 18.75
-2.81%
8.54%CHF 22.42CHF 16.81n/a14
Jun ’27n/a
CHF 19.17
0%
9.18%CHF 22.53CHF 16.90n/a14
May ’27n/a
CHF 19.62
0%
8.68%CHF 22.50CHF 17.44n/a14
Apr ’27n/a
CHF 19.40
0%
8.95%CHF 22.16CHF 17.05n/a14
Mar ’27n/a
CHF 19.33
0%
9.40%CHF 22.05CHF 16.96n/a13
Feb ’27n/a
CHF 18.52
0%
8.74%CHF 21.58CHF 16.46n/a14
Jan ’27n/a
CHF 17.82
0%
8.98%CHF 21.00CHF 16.01n/a14
Dec ’26n/a
CHF 17.84
0%
9.13%CHF 21.06CHF 16.06n/a14
Nov ’26n/a
CHF 16.97
0%
10.64%CHF 20.01CHF 14.48n/a14
Oct ’26n/a
CHF 16.62
0%
9.46%CHF 20.01CHF 14.48n/a13
Sep ’26n/a
CHF 15.87
0%
6.81%CHF 18.80CHF 14.36n/a13
Aug ’26n/a
CHF 15.03
0%
8.00%CHF 18.89CHF 13.91n/a13
Jul ’26n/a
CHF 14.96
0%
8.05%CHF 18.80CHF 13.84n/a13
Jun ’26n/a
CHF 15.18
0%
8.09%CHF 19.09CHF 14.05n/a13
May ’26n/a
CHF 15.49
0%
9.52%CHF 20.12CHF 14.30n/a13
Apr ’26n/a
CHF 15.85
0%
13.34%CHF 21.09CHF 11.10n/a13
Mar ’26n/a
CHF 16.33
0%
14.65%CHF 22.65CHF 11.32n/a13
Feb ’26n/a
CHF 16.36
0%
14.71%CHF 22.64CHF 11.32n/a13
Jan ’26n/a
CHF 15.91
0%
13.11%CHF 20.79CHF 11.24n/a13
Dec ’25n/a
CHF 15.97
0%
11.01%CHF 18.96CHF 11.49n/a14
Nov ’25n/a
CHF 15.55
0%
11.05%CHF 18.97CHF 11.50n/a14
Oct ’25n/a
CHF 15.58
0%
10.79%CHF 19.13CHF 11.59n/a15
Sep ’25n/a
CHF 15.25
0%
9.03%CHF 17.53CHF 11.54n/a15
Aug ’25n/a
CHF 14.54
0%
8.32%CHF 16.48CHF 11.61n/a15
Jul ’25n/a
CHF 14.74
0%
8.34%CHF 16.76CHF 11.80n/a15
Jun ’25n/a
CHF 15.06
0%
8.36%CHF 17.08CHF 12.10n/a15
CHF 18.43
Fair Value
4.6% overvalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/14 12:31
End of Day Share Price 2026/06/08 00:00
Earnings2026/03/31
Annual Earnings2025/09/30

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

Westpac Banking Corporation is covered by 21 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Craig StaffordBarrenjoey Markets Pty Limited
Jonathan MottBarrenjoey Markets Pty Limited