BNP Paribas (ENXTPA:BNP) Valuation Check After a Strong 12.7% One-Month Share Price Gain

BNP Paribas (ENXTPA:BNP) has quietly pushed higher this month, adding around 13% over the past month even after a small dip today, so it is a good moment to revisit the story.

See our latest analysis for BNP Paribas.

That recent 12.7% one month share price return has helped cement BNP Paribas’s strong year to date share price gain. A 1 year total shareholder return of roughly 46% suggests momentum is still very much intact rather than fading.

If BNP’s run has you thinking about what else could rerate, now is a good time to explore other financial names through solid balance sheet and fundamentals stocks screener (None results) and see which banks also pair resilience with growth potential.

But with BNP Paribas already delivering robust earnings growth and trading only modestly below analyst targets, is the current share price underestimating its long term potential, or are investors already pricing in the next leg of growth?

Most Popular Narrative: 11.6% Undervalued

With BNP Paribas closing at €78.09 versus a narrative fair value in the high €80s, the current pricing still leaves a valuation gap to close.

The integration of AXA IM and HSBC WM Germany, alongside ongoing expansion in high growth markets (notably Turkey and Poland), is set to significantly broaden BNP Paribas's distribution network and wealth management capabilities, directly increasing fee based revenue and supporting long term earnings growth through enhanced client acquisition and cross selling opportunities.

Read the complete narrative.

Want to see how steady top line expansion, firmer margins, and a richer earnings multiple all stack together into that upside case? The full narrative unpacks the growth runway, the return profile, and the capital assumptions that connect today’s price to that higher fair value.

Result: Fair Value of €88.31 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent Eurozone margin pressure and tougher capital rules could mute earnings growth, limiting how much further BNP Paribas can convincingly re-rate.

Find out about the key risks to this BNP Paribas narrative.

Build Your Own BNP Paribas Narrative

If you would rather weigh the numbers yourself and challenge this view, you can craft a personalised narrative in just a few minutes: Do it your way.

A great starting point for your BNP Paribas research is our analysis highlighting 4 key rewards and 4 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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