Erste Group Bank Valuation
Is ERBAG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of ERBAG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ERBAG (CZK1116) is trading below our estimate of fair value (CZK2053.22)
Significantly Below Fair Value: ERBAG is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ERBAG?
Other financial metrics that can be useful for relative valuation.
| What is ERBAG's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | €17.52b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | -1.3x |
Price to Earnings Ratio vs Peers
How does ERBAG's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 14.1x | ||
KOMB Komercní banka | 10.4x | 2.4% | Kč162.8b |
MONET MONETA Money Bank | 9.4x | 2.9% | Kč49.6b |
PNB Punjab National Bank | 19.8x | 33.6% | ₹1.5t |
VCB Commercial Bank for Foreign Trade of Vietnam | 16.7x | 16.7% | ₫509.7t |
ERBAG Erste Group Bank | 6x | -4.8% | Kč17.5b |
Price-To-Earnings vs Peers: ERBAG is good value based on its Price-To-Earnings Ratio (6x) compared to the peer average (14.1x).
Price to Earnings Ratio vs Industry
How does ERBAG's PE Ratio compare vs other companies in the European Banks Industry?
Price-To-Earnings vs Industry: ERBAG is good value based on its Price-To-Earnings Ratio (6x) compared to the European Banks industry average (7.8x).
Price to Earnings Ratio vs Fair Ratio
What is ERBAG'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 6x |
| Fair PE Ratio | 9.8x |
Price-To-Earnings vs Fair Ratio: ERBAG is good value based on its Price-To-Earnings Ratio (6x) compared to the estimated Fair Price-To-Earnings Ratio (9.8x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | Kč1,107.50 | Kč1,235.61 +11.6% | 10.1% | Kč1,510.09 | Kč1,057.06 | n/a | 14 |
| Apr ’25 | Kč1,042.00 | Kč1,199.55 +15.1% | 11.5% | Kč1,468.60 | Kč1,005.23 | n/a | 14 |
| Mar ’25 | Kč945.90 | Kč1,220.35 +29.0% | 12.6% | Kč1,521.76 | Kč1,006.90 | n/a | 15 |
| Feb ’25 | Kč994.00 | Kč1,169.56 +17.7% | 11.9% | Kč1,435.67 | Kč982.69 | n/a | 15 |
| Jan ’25 | Kč902.10 | Kč1,147.67 +27.2% | 11.8% | Kč1,416.66 | Kč969.68 | n/a | 15 |
| Dec ’24 | Kč898.10 | Kč1,139.22 +26.8% | 10.8% | Kč1,410.23 | Kč965.28 | n/a | 15 |
| Nov ’24 | Kč828.00 | Kč1,141.55 +37.9% | 11.3% | Kč1,376.13 | Kč970.17 | n/a | 14 |
| Oct ’24 | Kč800.00 | Kč1,123.41 +40.4% | 11.6% | Kč1,343.33 | Kč917.37 | n/a | 14 |
| Sep ’24 | Kč795.80 | Kč1,110.65 +39.6% | 11.2% | Kč1,328.07 | Kč906.95 | n/a | 15 |
| Aug ’24 | Kč819.00 | Kč1,097.65 +34.0% | 11.1% | Kč1,317.30 | Kč899.60 | n/a | 15 |
| Jul ’24 | Kč755.10 | Kč1,049.68 +39.0% | 13.3% | Kč1,321.82 | Kč815.75 | n/a | 15 |
| Jun ’24 | Kč726.60 | Kč1,049.68 +44.5% | 13.3% | Kč1,321.82 | Kč815.75 | n/a | 15 |
| May ’24 | Kč774.80 | Kč1,045.73 +35.0% | 13.4% | Kč1,317.83 | Kč813.29 | n/a | 15 |
| Apr ’24 | Kč718.80 | Kč1,023.79 +42.4% | 14.3% | Kč1,269.91 | Kč754.89 | Kč1,042.00 | 16 |
| Mar ’24 | Kč861.00 | Kč991.02 +15.1% | 15.9% | Kč1,237.04 | Kč749.22 | Kč945.90 | 16 |
| Feb ’24 | Kč826.40 | Kč990.04 +19.8% | 15.7% | Kč1,236.15 | Kč763.09 | Kč994.00 | 16 |
| Jan ’24 | Kč717.00 | Kč997.84 +39.2% | 16.1% | Kč1,261.61 | Kč776.37 | Kč902.10 | 16 |
| Dec ’23 | Kč714.00 | Kč1,001.99 +40.3% | 16.1% | Kč1,268.20 | Kč780.43 | Kč898.10 | 16 |
| Nov ’23 | Kč612.60 | Kč964.61 +57.5% | 17.4% | Kč1,271.89 | Kč733.79 | Kč828.00 | 16 |
| Oct ’23 | Kč557.00 | Kč1,003.18 +80.1% | 14.8% | Kč1,280.05 | Kč812.34 | Kč800.00 | 15 |
| Sep ’23 | Kč537.00 | Kč1,005.47 +87.2% | 14.5% | Kč1,282.49 | Kč789.22 | Kč795.80 | 16 |
| Aug ’23 | Kč594.00 | Kč1,005.46 +69.3% | 14.2% | Kč1,280.51 | Kč788.00 | Kč819.00 | 16 |
| Jul ’23 | Kč592.80 | Kč1,091.43 +84.1% | 12.7% | Kč1,304.25 | Kč827.82 | Kč755.10 | 16 |
| Jun ’23 | Kč732.60 | Kč1,091.49 +49.0% | 12.5% | Kč1,303.40 | Kč827.28 | Kč726.60 | 16 |
| May ’23 | Kč744.60 | Kč1,069.53 +43.6% | 12.6% | Kč1,294.41 | Kč821.57 | Kč774.80 | 17 |
| Apr ’23 | Kč828.40 | Kč1,086.29 +31.1% | 13.7% | Kč1,295.70 | Kč818.98 | Kč718.80 | 17 |
Analyst Forecast: Target price is less than 20% higher than the current share price.