BOK Financial Corporation

NasdaqGS:BOKF Stock Report

Mkt Cap: US$6.6b

We’ve recently updated our valuation analysis.

BOK Financial Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BOKF 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BOKF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.4x
PB Prosperity Bancshares
13.3x8.8%US$6.8b
ZION Zions Bancorporation National Association
9.8x4.4%US$7.9b
SNV Synovus Financial
8.1x3.1%US$5.8b
CFR Cullen/Frost Bankers
18.3x5.7%US$8.8b
BOKF BOK Financial
14.2x8.8%US$6.6b

Price-To-Earnings vs Peers: BOKF is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the peer average (12.4x).


Price to Earnings Ratio vs Industry

How does BOKF's PE Ratio compare vs other companies in the US Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.4%
n/an/an/a

Price-To-Earnings vs Industry: BOKF is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the US Banks industry average (9.7x)


Price to Earnings Ratio vs Fair Ratio

What is BOKF'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.

BOKF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.2x
Fair PE Ratio11.6x

Price-To-Earnings vs Fair Ratio: BOKF is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the estimated Fair Price-To-Earnings Ratio (11.6x).


Share Price vs Fair Value

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

Below Fair Value: BOKF ($98.43) is trading below our estimate of fair value ($160.48)

Significantly Below Fair Value: BOKF is trading below fair value by more than 20%.


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 BOKF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$98.43
US$108.50
+10.2%
5.5%US$120.00US$100.00n/a8
Jan ’24US$103.79
US$108.50
+4.5%
5.5%US$120.00US$100.00n/a8
Dec ’23US$103.89
US$106.63
+2.6%
4.4%US$113.00US$100.00n/a8
Nov ’23US$107.86
US$106.63
-1.1%
4.4%US$113.00US$100.00n/a8
Oct ’23US$88.86
US$95.19
+7.1%
4.0%US$100.00US$90.00n/a8
Sep ’23US$88.77
US$94.19
+6.1%
5.0%US$100.00US$86.00n/a8
Aug ’23US$88.17
US$94.19
+6.8%
5.0%US$100.00US$86.00n/a8
Jul ’23US$76.77
US$96.38
+25.5%
12.3%US$120.00US$78.00n/a8
Jun ’23US$84.58
US$99.38
+17.5%
9.2%US$120.00US$90.00n/a8
May ’23US$82.93
US$101.75
+22.7%
9.2%US$120.00US$90.00n/a8
Apr ’23US$93.25
US$107.50
+15.3%
6.3%US$120.00US$99.00n/a8
Mar ’23US$97.32
US$109.00
+12.0%
5.0%US$116.00US$100.00n/a8
Feb ’23US$104.52
US$108.75
+4.0%
5.3%US$116.00US$100.00n/a8
Jan ’23US$105.49
US$108.44
+2.8%
5.2%US$116.00US$98.00US$103.799
Dec ’22US$102.40
US$105.67
+3.2%
4.2%US$112.00US$98.00US$103.899
Nov ’22US$105.67
US$104.11
-1.5%
3.4%US$110.00US$98.00US$107.869
Oct ’22US$90.89
US$92.18
+1.4%
6.5%US$102.00US$84.00US$88.869
Sep ’22US$86.98
US$91.62
+5.3%
6.3%US$102.00US$84.00US$88.779
Aug ’22US$84.01
US$91.33
+8.7%
6.0%US$100.00US$84.00US$88.179
Jul ’22US$87.29
US$94.11
+7.8%
6.3%US$100.00US$80.00US$76.779
Jun ’22US$92.45
US$93.33
+1.0%
6.1%US$100.00US$80.00US$84.589
May ’22US$87.94
US$92.56
+5.2%
6.8%US$100.00US$80.00US$82.939
Apr ’22US$89.60
US$89.78
+0.2%
7.5%US$100.00US$82.00US$93.259
Mar ’22US$89.73
US$86.22
-3.9%
5.7%US$95.00US$80.00US$97.329
Feb ’22US$75.79
US$85.56
+12.9%
4.9%US$95.00US$80.00US$104.529
Jan ’22US$68.48
US$74.06
+8.1%
8.3%US$82.00US$62.00US$105.499

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


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