OTP Bank Nyrt.

DB:OTP Stock Report

Market Cap: €18.0b

OTP Bank Nyrt Valuation

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

Valuation Score

5/6

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

Discounted Cash Flow
Simply Wall St
€133.75
Fair Value
51.7% undervalued intrinsic discount
14
Number of Analysts

Below Fair Value: OTP (€64.56) is trading below our estimate of fair value (€133.75)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for OTP. This is calculated by dividing OTP's market cap by their current earnings.
What is OTP's PE Ratio?
PE Ratio7.3x
EarningsFt1.00t
Market CapFt7.28t

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for OTP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.7x
CBK Commerzbank
11.7x11.22%€29.9b
PCZ ProCredit Holding
6.2x14.51%€642.0m
MBK Merkur PrivatBank KgaA
8.3x5.03%€118.2m
ADIB Abu Dhabi Islamic Bank PJSC
12.7x7.02%د.إ71.6b
OTP OTP Bank Nyrt
7.3x4.82%€7.3t

Price-To-Earnings vs Peers: OTP is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (9.7x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
OTP 7.3xIndustry Avg. 8.8xNo. of Companies41PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OTP is good value based on its Price-To-Earnings Ratio (7.3x) compared to the European Banks industry average (8.8x).

Price to Earnings Ratio vs Fair Ratio

What is OTP'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.

OTP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ratio10.8x

Price-To-Earnings vs Fair Ratio: OTP is good value based on its Price-To-Earnings Ratio (7.3x) compared to the estimated Fair Price-To-Earnings Ratio (10.8x).

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 OTP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€64.56
€67.52
+4.59%
10.45%€79.72€53.12n/a14
May ’26€64.24
€66.05
+2.82%
11.52%€79.57€53.01n/a14
Apr ’26€62.80
€64.66
+2.96%
11.22%€80.06€53.34n/a14
Mar ’26€59.16
€61.48
+3.92%
9.18%€70.24€53.35n/a14
Feb ’26€59.64
€59.17
-0.79%
8.40%€66.28€50.32n/a13
Jan ’26€51.96
€57.92
+11.46%
9.48%€65.52€49.26n/a13
Dec ’25€50.82
€54.68
+7.59%
11.40%€65.38€45.81n/a13
Nov ’25€46.36
€52.81
+13.91%
7.97%€61.29€46.75n/a13
Oct ’25€46.43
€54.02
+16.34%
7.45%€60.84€47.96n/a13
Sep ’25€46.63
€54.05
+15.92%
7.60%€61.00€48.08n/a13
Aug ’25€46.89
€54.03
+15.24%
7.33%€61.03€48.11n/a13
Jul ’25€46.01
€54.06
+17.49%
7.13%€60.75€47.88n/a13
Jun ’25€44.14
€52.96
+19.99%
12.25%€61.81€39.16n/a13
May ’25€46.80
€51.05
+9.09%
12.30%€58.67€38.79€64.2413
Apr ’25€42.00
€46.43
+10.54%
11.59%€54.76€38.55€62.8013
Mar ’25€43.94
€47.68
+8.51%
11.02%€56.44€39.73€59.1614
Feb ’25€42.46
€47.68
+12.29%
11.02%€56.44€39.73€59.6414
Jan ’25€41.15
€47.90
+16.40%
12.41%€61.13€40.16€51.9614
Dec ’24€37.76
€46.89
+24.19%
11.57%€60.91€40.01€50.8214
Nov ’24€35.12
€41.44
+18.00%
16.52%€50.16€28.03€46.3614
Oct ’24€32.84
€39.54
+20.41%
17.37%€48.42€27.93€46.4315
Sep ’24€37.21
€38.52
+3.51%
18.14%€48.57€28.02€46.6315
Aug ’24€32.67
€36.40
+11.41%
14.63%€47.21€28.14€46.8915
Jul ’24€32.15
€36.37
+13.13%
13.43%€45.48€28.71€46.0115
Jun ’24€28.73
€36.14
+25.78%
15.35%€50.72€28.95€44.1414
May ’24€27.27
€35.25
+29.28%
17.18%€50.39€26.95€46.8014
AnalystConsensusTarget
Consensus Narrative from 14 Analysts
€65.33
Fair Value
1.2% undervalued intrinsic discount
14
Number of Analysts

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 Analysis2025/05/12 13:53
End of Day Share Price 2025/05/09 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

OTP Bank Nyrt. is covered by 31 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
Cristina MarzeaBarclays
Andreas MarkouBerenberg
Kamil KliszczBiuro maklerskie mBanku