Eastern Bankshares, Inc.

DB:EB0 Stock Report

Market Cap: €2.7b

Eastern Bankshares Valuation

Is EB0 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-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EB0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€13.09
Fair Value
3.9% overvalued intrinsic discount
4
Number of Analysts

Below Fair Value: EB0 (€13.6) is trading above our estimate of fair value (€13.09)

Significantly Below Fair Value: EB0 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EB0?

Key metric: As EB0 is an unprofitable bank we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for EB0. This is calculated by dividing EB0's market cap by their current book value.
What is EB0's PB Ratio?
PB Ratio0.9x
BookUS$3.58b
Market CapUS$3.10b

Price to Book Ratio vs Peers

How does EB0's PB Ratio compare to its peers?

The above table shows the PB ratio for EB0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average0.8x
PCZ ProCredit Holding
0.6x18.06%€600.8m
WSBC WesBanco
0.8x66.45%US$3.1b
CATY Cathay General Bancorp
1.1x10.74%US$3.1b
BOQ Bank of Queensland
0.8x9.87%AU$5.1b
EB0 Eastern Bankshares
0.9x156.95%€3.1b

Price-To-Book vs Peers: EB0 is expensive based on its Price-To-Book Ratio (0.9x) compared to the peer average (0.8x).

Price to Book Ratio vs Industry

How does EB0's PB Ratio compare vs other companies in the European Banks Industry?

5 CompaniesPrice / BookEstimated GrowthMarket Cap
EB0 0.9xIndustry Avg. 0.9xNo. of Companies31PB00.61.21.82.43+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: EB0 is good value based on its Price-To-Book Ratio (0.9x) compared to the European Banks industry average (0.9x).

Price to Book Ratio vs Fair Ratio

What is EB0's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EB0 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate EB0's Price-To-Book 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 EB0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€13.60
€16.92
+24.39%
13.43%€20.21€14.06n/a4
May ’26€12.70
€16.92
+33.20%
13.43%€20.21€14.06n/a4
Apr ’26€14.90
€19.45
+30.51%
7.53%€21.30€17.59n/a4
Mar ’26€16.70
€20.26
+21.32%
6.96%€21.93€18.11n/a4
Feb ’26€17.60
€20.26
+15.11%
6.96%€21.93€18.11n/a4
Jan ’26€16.20
€18.56
+14.54%
8.50%€19.98€16.18n/a4
Dec ’25€17.60
€17.14
-2.62%
4.68%€17.60€15.75n/a4
Nov ’25€15.00
€17.14
+14.26%
4.68%€17.60€15.75n/a4
Oct ’25€14.60
€17.07
+16.95%
5.89%€18.07€15.36n/a5
Sep ’25€15.00
€16.81
+12.05%
5.24%€17.98€15.28n/a5
Aug ’25€15.10
€17.32
+14.72%
5.81%€18.48€15.71n/a4
Jul ’25€12.70
€15.25
+20.07%
6.78%€16.64€13.86n/a4
Jun ’25€12.30
€15.25
+23.98%
6.78%€16.64€13.86n/a4
May ’25€11.80
€15.25
+29.23%
6.78%€16.64€13.86€12.704
Apr ’25€12.50
€15.25
+21.99%
6.78%€16.64€13.86€14.904
Mar ’25€11.80
€15.25
+29.23%
6.78%€16.64€13.86€16.704
Feb ’25€12.70
€15.23
+19.96%
6.78%€16.62€13.85€17.604
Jan ’25€13.00
€13.94
+7.27%
9.70%€15.54€11.89€16.204
Dec ’24€10.80
€14.08
+30.35%
9.62%€16.09€12.30€17.604
Nov ’24€10.30
€14.08
+36.68%
9.62%€16.09€12.30€15.004
Oct ’24€11.50
€14.64
+27.26%
9.68%€16.05€12.27€14.604
Sep ’24€12.20
€13.60
+11.44%
6.88%€15.08€12.80€15.004
Aug ’24€12.70
€13.27
+4.46%
8.84%€14.97€11.79€15.104
Jul ’24€11.20
€12.65
+12.96%
6.03%€13.80€11.96€12.704
Jun ’24€10.00
€12.15
+21.51%
9.67%€13.63€10.45€12.304
May ’24€10.10
€12.42
+22.96%
7.05%€13.67€11.39€11.804
AnalystConsensusTarget
Consensus Narrative from 4 Analysts
€16.81
Fair Value
19.1% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/20 23:12
End of Day Share Price 2025/05/20 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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

Eastern Bankshares, Inc. is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob CivielloJanney Montgomery Scott LLC
Steven AlexopoulosJ.P. Morgan
Damon DelMonteKeefe, Bruyette, & Woods