M&T Bank Valuation
Is MTB * undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation 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 MTB * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MTB * (MX$4526.35) is trading above our estimate of fair value (MX$1975.98)
Significantly Below Fair Value: MTB * is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MTB *?
Key metric: As MTB * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is MTB *'s PE Ratio? | |
|---|---|
| PE Ratio | 16.2x |
| Earnings | US$2.26b |
| Market Cap | US$36.69b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 2.4x |
Price to Earnings Ratio vs Peers
How does MTB *'s PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 46x | ||
R A Regional. de | 5.9x | 3.5% | Mex$37.4b |
GFNORTE O Grupo Financiero Banorte. de | 7.2x | 4.1% | Mex$402.5b |
GFINBUR O Grupo Financiero Inbursa. de | 8x | 3.8% | Mex$275.9b |
ELEKTRA * Grupo Elektra. de | 162.9x | n/a | Mex$209.5b |
MTB * M&T Bank | 16.2x | 6.7% | Mex$36.7b |
Price-To-Earnings vs Peers: MTB * is good value based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (45.9x).
Price to Earnings Ratio vs Industry
How does MTB *'s PE Ratio compare vs other companies in the South American Banks Industry?
| 1 Company | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 1 Company | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: MTB * is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the South American Banks industry average (8.7x).
Price to Earnings Ratio vs Fair Ratio
What is MTB *'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 16.2x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MTB *'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?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | Mex$4,526.35 | Mex$4,389.22 -3.0% | 9.6% | Mex$5,464.87 | Mex$3,453.64 | n/a | 19 |
| Nov ’25 | Mex$3,923.14 | Mex$4,133.51 +5.4% | 9.9% | Mex$4,803.84 | Mex$3,166.73 | n/a | 20 |
| Oct ’25 | Mex$3,477.00 | Mex$3,649.31 +5.0% | 8.9% | Mex$4,334.53 | Mex$3,117.12 | n/a | 19 |
| Sep ’25 | n/a | Mex$3,519.61 0% | 8.1% | Mex$4,253.06 | Mex$3,058.53 | n/a | 20 |
| Aug ’25 | Mex$3,229.37 | Mex$3,360.13 +4.0% | 6.8% | Mex$3,875.06 | Mex$2,947.47 | n/a | 20 |
| Jul ’25 | Mex$2,771.80 | Mex$3,055.07 +10.2% | 6.0% | Mex$3,340.26 | Mex$2,752.97 | n/a | 20 |
| Jun ’25 | n/a | Mex$2,737.77 0% | 6.3% | Mex$3,002.85 | Mex$2,502.38 | n/a | 20 |
| May ’25 | n/a | Mex$2,779.23 0% | 6.7% | Mex$3,086.39 | Mex$2,393.67 | n/a | 21 |
| Apr ’25 | n/a | Mex$2,654.25 0% | 6.8% | Mex$2,993.67 | Mex$2,321.76 | n/a | 21 |
| Mar ’25 | n/a | Mex$2,687.93 0% | 6.5% | Mex$3,071.99 | Mex$2,382.50 | n/a | 21 |
| Feb ’25 | n/a | Mex$2,691.55 0% | 5.7% | Mex$3,096.72 | Mex$2,401.68 | n/a | 21 |
| Jan ’25 | n/a | Mex$2,556.99 0% | 8.5% | Mex$3,057.95 | Mex$2,055.62 | n/a | 21 |
| Dec ’24 | n/a | Mex$2,497.81 0% | 8.8% | Mex$3,092.96 | Mex$2,079.16 | n/a | 21 |
| Nov ’24 | n/a | Mex$2,625.70 0% | 8.6% | Mex$3,245.36 | Mex$2,181.61 | Mex$3,923.14 | 21 |
| Oct ’24 | n/a | Mex$2,582.57 0% | 7.4% | Mex$3,137.58 | Mex$2,329.65 | Mex$3,477.00 | 21 |
| Sep ’24 | n/a | Mex$2,551.18 0% | 7.6% | Mex$3,015.94 | Mex$2,278.71 | n/a | 21 |
| Aug ’24 | n/a | Mex$2,534.38 0% | 7.5% | Mex$3,013.99 | Mex$2,277.24 | Mex$3,229.37 | 21 |
| Jul ’24 | n/a | Mex$2,557.51 0% | 10.0% | Mex$3,251.28 | Mex$2,156.11 | Mex$2,771.80 | 21 |
| Jun ’24 | n/a | Mex$2,719.82 0% | 10.1% | Mex$3,400.20 | Mex$2,254.87 | n/a | 21 |
| May ’24 | n/a | Mex$2,757.77 0% | 9.9% | Mex$3,447.65 | Mex$2,286.33 | n/a | 21 |
| Apr ’24 | n/a | Mex$3,064.95 0% | 9.2% | Mex$3,837.01 | Mex$2,714.87 | n/a | 20 |
| Mar ’24 | n/a | Mex$3,226.71 0% | 7.3% | Mex$3,895.31 | Mex$2,939.86 | n/a | 21 |
| Feb ’24 | n/a | Mex$3,262.98 0% | 8.6% | Mex$3,947.65 | Mex$2,979.36 | n/a | 21 |
| Jan ’24 | n/a | Mex$3,746.51 0% | 13.3% | Mex$5,041.07 | Mex$3,024.64 | n/a | 21 |
| Dec ’23 | n/a | Mex$3,803.46 0% | 11.0% | Mex$4,929.74 | Mex$3,286.49 | n/a | 20 |
| Nov ’23 | n/a | Mex$3,831.28 0% | 13.4% | Mex$5,028.57 | Mex$2,518.23 | n/a | 20 |
Analyst Forecast: Target price is lower than the current share price.
Discover undervalued companies
Nordea Bank Abp
SEK 419.7b
Offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally.
NDA N
SEK 206.33
7D
0%
1Y
n/a
Banco Santander
€66.4b
Provides various financial services worldwide.
SAN N
€94.50
7D
-0.7%
1Y
36.5%
Postal Savings Bank of China
HK$491.9b
Provides various banking products and services for retail and corporate customers in the People’s Republic of China.
1658 N
HK$10.08
7D
0%
1Y
n/a