Fifth Third Bancorp

DB:FFH Stock Report

Market Cap: €29.6b

Fifth Third Bancorp Valuation

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

Below Fair Value: FFH (€43.41) is trading below our estimate of fair value (€88.85)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FFH. This is calculated by dividing FFH's market cap by their current earnings.
What is FFH's PE Ratio?
PE Ratio15.3x
EarningsUS$2.07b
Market CapUS$31.05b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FFH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7x
CBK Commerzbank
8.7x8.8%€18.5b
PCZ ProCredit Holding
4.3x9.9%€461.8m
MBK Merkur PrivatBank KgaA
10x8.6%€107.3m
000001 Ping An Bank
5.1x5.7%CN¥224.9b
FFH Fifth Third Bancorp
15.3x8.1%€31.1b

Price-To-Earnings vs Peers: FFH is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (7x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FFH 15.3xIndustry Avg. 7.4xNo. of Companies45PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FFH is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the European Banks industry average (7.3x).

Price to Earnings Ratio vs Fair Ratio

What is FFH'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.

FFH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.3x
Fair PE Ratio12x

Price-To-Earnings vs Fair Ratio: FFH is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the estimated Fair Price-To-Earnings Ratio (12x).

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 FFH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€43.41
€45.68
+5.2%
8.8%€53.82€37.77n/a20
Nov ’25€40.10
€43.50
+8.5%
8.6%€48.73€36.78n/a21
Oct ’25€37.81
€39.45
+4.3%
9.0%€45.80€31.43n/a21
Sep ’25€37.75
€39.70
+5.2%
8.0%€45.63€31.94n/a22
Aug ’25€38.80
€39.75
+2.5%
8.2%€46.18€32.32n/a22
Jul ’25€33.63
€37.77
+12.3%
6.1%€41.06€32.66n/a22
Jun ’25€33.88
€37.35
+10.2%
6.1%€40.56€32.26n/a22
May ’25€34.69
€37.59
+8.4%
5.8%€41.15€32.74n/a21
Apr ’25€33.80
€36.24
+7.2%
7.2%€39.72€29.56n/a21
Mar ’25€31.60
€35.59
+12.6%
7.4%€39.68€29.53n/a21
Feb ’25€31.60
€35.15
+11.2%
9.0%€39.56€26.68n/a21
Jan ’25€31.40
€30.50
-2.9%
11.8%€36.59€23.49n/a21
Dec ’24€26.40
€28.79
+9.1%
8.2%€32.73€24.31n/a21
Nov ’24€22.40
€29.04
+29.6%
8.4%€33.07€24.57€40.1021
Oct ’24€23.60
€30.03
+27.2%
7.4%€33.14€25.09€37.8121
Sep ’24€24.40
€29.60
+21.3%
7.5%€32.40€24.53€37.7521
Aug ’24€26.40
€28.95
+9.7%
9.1%€35.26€24.41€38.8021
Jul ’24€24.00
€28.69
+19.5%
10.0%€35.73€24.74€33.6321
Jun ’24€22.60
€29.93
+32.5%
10.2%€37.14€25.16€33.8821
May ’24€23.20
€30.72
+32.4%
12.0%€39.84€26.26€34.6921
Apr ’24€24.20
€35.60
+47.1%
9.0%€43.36€29.52€33.8021
Mar ’24€34.80
€37.81
+8.6%
6.3%€44.14€34.75€31.6021
Feb ’24€33.20
€36.70
+10.5%
7.0%€43.25€33.13€31.6021
Jan ’24€30.60
€38.15
+24.7%
8.6%€45.21€32.96€31.4021
Dec ’23€34.80
€39.86
+14.5%
8.2%€46.86€34.17€26.4020
Nov ’23€36.00
€40.58
+12.7%
10.1%€48.60€33.48€22.4020

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Crédit Agricole

€40.3b

Provides retail, corporate, insurance, and investment banking products and services in France and internationally.

XCA

€13.26

7D

2.4%

1Y

13.3%

Banco del Bajío Institución de Banca Múltiple

Mex$48.1b

Provides banking products and services in Mexico.

5NT

Mex$1.80

7D

-0.6%

1Y

-39.2%

Bank of Cyprus Holdings

€1.9b

Through its subsidiaries, engages in the provision of banking, financial, and insurance services in Cyprus, Greece, the United Kingdom, the United States, Germany, Romania, Russia, Ukraine, Belarus, Israel, and internationally.

318

€4.02

7D

-2.0%

1Y

36.3%