Commercial Bank of Ceylon PLC

COSE:COMB.N0000 Stock Report

Market Cap: LK₨191.4b

Commercial Bank of Ceylon Valuation

Is COMB.N0000 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 COMB.N0000 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: COMB.N0000 (LKR120.5) is trading above our estimate of fair value (LKR59.12)

Significantly Below Fair Value: COMB.N0000 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for COMB.N0000?

Key metric: As COMB.N0000 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for COMB.N0000. This is calculated by dividing COMB.N0000's market cap by their current earnings.
What is COMB.N0000's PE Ratio?
PE Ratio5.1x
EarningsLK₨37.99b
Market CapLK₨191.39b

Price to Earnings Ratio vs Peers

How does COMB.N0000's PE Ratio compare to its peers?

The above table shows the PE ratio for COMB.N0000 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average4.4x
HNB.N0000 Hatton National Bank
4.8xn/aLK₨126.1b
SAMP.N0000 Sampath Bank
4.5xn/aLK₨109.9b
NTB.N0000 Nations Trust Bank
3.4xn/aLK₨49.5b
NDB.N0000 National Development Bank
5xn/aLK₨34.1b
COMB.N0000 Commercial Bank of Ceylon
5.1x1.0%LK₨191.4b

Price-To-Earnings vs Peers: COMB.N0000 is expensive based on its Price-To-Earnings Ratio (5.1x) compared to the peer average (4.4x).

Price to Earnings Ratio vs Industry

How does COMB.N0000's PE Ratio compare vs other companies in the Asian Banks Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
COMB.N0000 5.1xIndustry Avg. 8.5xNo. of Companies79PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: COMB.N0000 is good value based on its Price-To-Earnings Ratio (5.1x) compared to the Asian Banks industry average (8.4x).

Price to Earnings Ratio vs Fair Ratio

What is COMB.N0000'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.

COMB.N0000 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate COMB.N0000's Price-To-Earnings 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 COMB.N0000 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentLK₨120.50
LK₨140.30
+16.4%
5.1%LK₨147.50LK₨133.09n/a2
Nov ’25LK₨118.00
LK₨140.30
+18.9%
5.1%LK₨147.50LK₨133.09n/a2
Oct ’25LK₨103.25
LK₨134.80
+30.6%
9.4%LK₨147.50LK₨122.10n/a2
Sep ’25LK₨86.60
LK₨136.25
+57.3%
8.3%LK₨147.50LK₨125.00n/a2
Aug ’25LK₨92.80
LK₨132.45
+42.7%
11.4%LK₨147.50LK₨117.40n/a2
Jul ’25LK₨104.25
LK₨113.33
+8.7%
26.2%LK₨147.50LK₨75.09n/a3
Jun ’25LK₨105.75
LK₨106.66
+0.9%
21.3%LK₨127.50LK₨75.09n/a3
May ’25LK₨115.00
LK₨101.36
-11.9%
18.3%LK₨115.24LK₨75.09n/a3
Apr ’25LK₨94.50
LK₨99.23
+5.0%
17.3%LK₨113.77LK₨75.09n/a3
Mar ’25LK₨87.07
LK₨103.85
+19.3%
19.9%LK₨122.70LK₨75.09n/a3
Feb ’25LK₨86.48
LK₨103.85
+20.1%
19.9%LK₨122.70LK₨75.09n/a3
Jan ’25LK₨93.74
LK₨103.85
+10.8%
19.9%LK₨122.70LK₨75.09n/a3
Dec ’24LK₨88.24
LK₨104.37
+18.3%
20.0%LK₨122.70LK₨75.09n/a3
Nov ’24LK₨82.26
LK₨109.69
+33.4%
11.9%LK₨122.70LK₨96.69LK₨118.002
Oct ’24LK₨88.54
LK₨109.69
+23.9%
11.9%LK₨122.70LK₨96.69LK₨103.252
May ’24LK₨55.66
LK₨69.11
+24.2%
2.6%LK₨70.92LK₨67.30LK₨115.002
Apr ’24LK₨62.43
LK₨69.11
+10.7%
2.6%LK₨70.92LK₨67.30LK₨94.502
Mar ’24LK₨60.26
LK₨69.11
+14.7%
2.6%LK₨70.92LK₨67.30LK₨87.072
Feb ’24LK₨54.79
LK₨69.11
+26.1%
2.6%LK₨70.92LK₨67.30LK₨86.482
Jan ’24LK₨46.54
LK₨66.05
+41.9%
7.4%LK₨70.92LK₨61.18LK₨93.742
Dec ’23LK₨46.44
LK₨66.05
+42.2%
7.4%LK₨70.92LK₨61.18LK₨88.242
Nov ’23LK₨46.35
LK₨66.05
+42.5%
7.4%LK₨70.92LK₨61.18LK₨82.262

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

Discover undervalued companies