BDO Unibank, Inc.

PSE:BDO Stock Report

Market Cap: ₱732.4b

BDO Unibank Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of BDO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: BDO (₱137.3) is trading below our estimate of future cash flow value (₱158.58)

Significantly Below Future Cash Flow Value: BDO is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BDO. This is calculated by dividing BDO's market cap by their current earnings.
What is BDO's PE Ratio?
PE Ratio8.7x
Earnings₱84.08b
Market Cap₱732.43b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BDO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.8x
BPI Bank of the Philippine Islands
9.2x7.69%₱612.9b
MBT Metropolitan Bank & Trust
7x7.69%₱346.3b
CBC China Banking
7.1x13.26%₱189.2b
PNB Philippine National Bank
3.9x2.48%₱98.0b
BDO BDO Unibank
8.7x8.46%₱732.4b

Price-To-Earnings vs Peers: BDO is expensive based on its Price-To-Earnings Ratio (8.7x) compared to the peer average (6.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BDO 8.7xIndustry Avg. 10.7xNo. of Companies63PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BDO is good value based on its Price-To-Earnings Ratio (8.7x) compared to the Asian Banks industry average (10.6x).

Price to Earnings Ratio vs Fair Ratio

What is BDO'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.

BDO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.7x
Fair PE Ratio6.6x

Price-To-Earnings vs Fair Ratio: BDO is expensive based on its Price-To-Earnings Ratio (8.7x) compared to the estimated Fair Price-To-Earnings Ratio (6.6x).

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 BDO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₱137.30
₱181.13
+31.92%
5.93%₱200.00₱165.00n/a13
Feb ’27₱135.00
₱181.13
+34.17%
5.93%₱200.00₱165.00n/a13
Jan ’27₱134.60
₱180.67
+34.22%
6.29%₱200.00₱163.00n/a13
Dec ’26₱129.50
₱181.59
+40.22%
5.79%₱200.00₱163.00n/a13
Nov ’26₱133.50
₱184.47
+38.18%
6.76%₱210.00₱163.00n/a13
Oct ’26₱138.30
₱186.14
+34.59%
5.54%₱210.00₱170.00n/a14
Sep ’26₱135.20
₱186.14
+37.67%
5.54%₱210.00₱170.00n/a14
Aug ’26₱143.00
₱187.01
+30.78%
5.85%₱213.04₱170.00n/a14
Jul ’26₱151.50
₱190.18
+25.53%
5.78%₱213.04₱178.36n/a14
Jun ’26₱161.00
₱190.07
+18.06%
5.61%₱213.04₱178.36n/a15
May ’26₱158.94
₱189.07
+18.96%
6.18%₱213.04₱171.42n/a15
Apr ’26₱151.90
₱186.44
+22.74%
7.29%₱213.04₱165.48n/a14
Mar ’26₱148.63
₱186.81
+25.69%
7.21%₱213.04₱165.48n/a14
Feb ’26₱136.34
₱184.69
+35.45%
8.34%₱213.04₱162.50₱135.0014
Jan ’26₱142.69
₱184.97
+29.63%
8.12%₱213.04₱162.50₱134.6014
Dec ’25₱153.09
₱184.76
+20.68%
8.85%₱222.95₱162.50₱129.5014
Nov ’25₱151.41
₱181.03
+19.57%
8.58%₱222.95₱162.50₱133.5014
Oct ’25₱155.87
₱175.80
+12.79%
6.64%₱196.19₱159.53₱138.3014
Sep ’25₱151.41
₱172.82
+14.15%
6.60%₱196.19₱154.58₱135.2014
Aug ’25₱142.39
₱173.18
+21.62%
6.63%₱196.19₱154.58₱143.0014
Jul ’25₱128.81
₱171.76
+33.34%
7.21%₱196.19₱150.61₱151.5014
Jun ’25₱128.81
₱173.81
+34.93%
6.49%₱196.19₱153.59₱161.0014
May ’25₱146.85
₱173.01
+17.81%
6.56%₱196.19₱153.59₱158.9414
Apr ’25₱157.55
₱170.25
+8.06%
6.10%₱196.19₱156.56₱151.9014
Mar ’25₱152.60
₱163.39
+7.07%
5.68%₱180.64₱139.71₱148.6314
Feb ’25₱142.69
₱162.89
+14.16%
6.14%₱180.64₱134.76₱136.3414
₱181.13
Fair Value
24.2% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/27 11:33
End of Day Share Price 2026/02/27 00:00
Earnings2025/09/30
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

BDO Unibank, Inc. is covered by 21 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kevin KwekBernstein
Julian Vincent RoxasBofA Global Research
Eunice DolatreCGS International