National Bank of Pakistan Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: Insufficient data to calculate NBP's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NBP's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NBP. This is calculated by dividing NBP's market cap by their current earnings.
What is NBP's PE Ratio?
PE Ratio	9x
Earnings	PK₨17.32b
Market Cap	PK₨156.71b

NBP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	0.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NBP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	3.4x
ABL Allied Bank	3.3x	n/a	PK₨160.0b
BAHL Bank AL Habib	3.6x	n/a	PK₨144.5b
HBL Habib Bank	4.1x	4.4%	PK₨240.8b
BAFL Bank Alfalah	2.8x	-10.1%	PK₨125.2b
NBP National Bank of Pakistan	9x	41.3%	PK₨156.7b

Price-To-Earnings vs Peers: NBP is expensive based on its Price-To-Earnings Ratio (9x) compared to the peer average (3.4x).

Price to Earnings Ratio vs Industry

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

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: NBP is expensive based on its Price-To-Earnings Ratio (9x) compared to the Asian Banks industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is NBP'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.

NBP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9x
Fair PE Ratio	7.3x

Price-To-Earnings vs Fair Ratio: NBP is expensive based on its Price-To-Earnings Ratio (9x) compared to the estimated Fair Price-To-Earnings Ratio (7.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.