U.S. Bancorp

XTRA:UB5 Stock Report

Market Cap: €72.6b

U.S. Bancorp Valuation

Is UB5 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 UB5 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: UB5 (€46.68) is trading below our estimate of fair value (€97.57)

Significantly Below Fair Value: UB5 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for UB5?

Key metric: As UB5 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for UB5. This is calculated by dividing UB5's market cap by their current earnings.
What is UB5's PE Ratio?
PE Ratio14.9x
EarningsUS$5.09b
Market CapUS$75.65b

Price to Earnings Ratio vs Peers

How does UB5's PE Ratio compare to its peers?

The above table shows the PE ratio for UB5 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.3x
CBK Commerzbank
8.8x8.9%€18.6b
PCZ ProCredit Holding
4.4x12.2%€454.7m
PNC PNC Financial Services Group
16.1x13.4%US$76.7b
NAB National Australia Bank
16.1x2.3%AU$113.8b
UB5 U.S. Bancorp
14.9x11.6%€75.6b

Price-To-Earnings vs Peers: UB5 is expensive based on its Price-To-Earnings Ratio (14.9x) compared to the peer average (11.4x).

Price to Earnings Ratio vs Industry

How does UB5's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
UB5 14.9xIndustry Avg. 7.8xNo. of Companies42PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: UB5 is expensive based on its Price-To-Earnings Ratio (14.9x) compared to the European Banks industry average (7.6x).

Price to Earnings Ratio vs Fair Ratio

What is UB5'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.

UB5 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.9x
Fair PE Ratio13.3x

Price-To-Earnings vs Fair Ratio: UB5 is expensive based on its Price-To-Earnings Ratio (14.9x) compared to the estimated Fair Price-To-Earnings Ratio (13.3x).

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 UB5 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€46.68
€54.63
+17.0%
7.5%€63.42€47.08n/a22
Dec ’25€50.67
€52.16
+2.9%
8.7%€62.88€46.69n/a21
Nov ’25€44.60
€48.76
+9.3%
5.9%€55.16€45.05n/a21
Oct ’25€40.46
€45.06
+11.4%
5.9%€51.19€39.97n/a21
Sep ’25€42.43
€45.46
+7.1%
6.1%€49.42€39.35n/a22
Aug ’25€41.83
€45.76
+9.4%
6.7%€50.79€38.79n/a22
Jul ’25€37.08
€44.16
+19.1%
7.3%€49.48€39.21n/a22
Jun ’25€36.72
€43.86
+19.5%
7.5%€50.16€39.01n/a22
May ’25€38.35
€44.29
+15.5%
7.4%€50.51€39.28n/a22
Apr ’25€40.16
€45.20
+12.6%
6.9%€52.14€40.96n/a22
Mar ’25€38.22
€44.37
+16.1%
8.3%€56.12€40.48n/a22
Feb ’25€39.08
€44.37
+13.5%
8.3%€56.12€40.48n/a22
Jan ’25€39.42
€39.65
+0.6%
15.5%€54.21€28.01n/a24
Dec ’24€35.62
€37.78
+6.1%
17.5%€57.88€28.48€50.6723
Nov ’24€30.22
€38.44
+27.2%
17.3%€56.69€29.29€44.6023
Oct ’24€31.48
€41.30
+31.2%
14.0%€59.02€34.08€40.4623
Sep ’24€34.20
€40.65
+18.9%
14.3%€61.54€33.07€42.4323
Aug ’24€35.24
€39.42
+11.9%
16.9%€63.10€31.55€41.8323
Jul ’24€30.24
€38.97
+28.9%
20.0%€63.85€30.10€37.0823
Jun ’24€28.34
€40.43
+42.7%
17.4%€61.02€29.14€36.7223
May ’24n/a
€41.20
0%
16.1%€60.78€33.57€38.3523
Apr ’24n/a
€48.81
0%
12.2%€62.73€35.98€40.1623
Mar ’24€44.15
€52.43
+18.7%
11.6%€72.99€41.71€38.2223
Feb ’24€45.32
€50.24
+10.9%
12.1%€68.10€40.49€39.0822
Jan ’24€40.42
€49.27
+21.9%
13.2%€65.98€40.53€39.4222
Dec ’23€43.09
€49.62
+15.2%
13.6%€67.45€40.85€35.6221

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 Analysis2024/12/30 10:07
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

U.S. Bancorp is covered by 62 analysts. 16 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
Christopher WheelerAtlantic Equities LLP
David GeorgeBaird