BOK Financial Corporation

NasdaqGS:BOKF Stock Report

Market Cap: US$7.3b

BOK Financial Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: BOKF ($115.65) is trading below our estimate of fair value ($144.69)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BOKF. This is calculated by dividing BOKF's market cap by their current earnings.
What is BOKF's PE Ratio?
PE Ratio15.9x
EarningsUS$465.64m
Market CapUS$7.33b

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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.6x
CADE Cadence Bank
59x33.0%US$6.8b
SSB SouthState
16.4x27.9%US$8.0b
PB Prosperity Bancshares
17.6x13.2%US$7.8b
BPOP Popular
13.2x16.6%US$6.9b
BOKF BOK Financial
15.9x7.3%US$7.3b

Price-To-Earnings vs Peers: BOKF is good value based on its Price-To-Earnings Ratio (15.9x) compared to the peer average (26.6x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
BOKF 15.9xIndustry Avg. 12.9xNo. of Companies75PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BOKF is expensive based on its Price-To-Earnings Ratio (15.9x) compared to the US Banks industry average (12.8x).

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 Ratio15.9x
Fair PE Ratio14.6x

Price-To-Earnings vs Fair Ratio: BOKF is expensive based on its Price-To-Earnings Ratio (15.9x) compared to the estimated Fair Price-To-Earnings Ratio (14.6x).

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 BOKF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$115.65
US$117.22
+1.4%
7.6%US$137.00US$105.00n/a9
Nov ’25US$105.43
US$115.60
+9.6%
5.2%US$123.00US$105.00n/a10
Oct ’25US$101.23
US$113.70
+12.3%
5.1%US$123.00US$102.00n/a10
Sep ’25US$104.95
US$112.40
+7.1%
4.7%US$122.00US$100.00n/a10
Aug ’25US$98.75
US$112.40
+13.8%
4.7%US$122.00US$100.00n/a10
Jul ’25US$90.79
US$100.10
+10.3%
3.6%US$106.00US$95.00n/a10
Jun ’25US$90.62
US$98.90
+9.1%
3.4%US$105.00US$94.00n/a10
May ’25US$90.24
US$98.90
+9.6%
3.4%US$105.00US$94.00n/a10
Apr ’25US$91.06
US$92.89
+2.0%
5.7%US$99.00US$80.00n/a9
Mar ’25US$84.84
US$91.11
+7.4%
5.1%US$98.00US$80.00n/a9
Feb ’25US$83.06
US$91.11
+9.7%
5.1%US$98.00US$80.00n/a9
Jan ’25US$85.65
US$83.11
-3.0%
9.1%US$96.00US$74.00n/a9
Dec ’24US$75.43
US$75.56
+0.2%
5.8%US$82.00US$68.00n/a9
Nov ’24US$65.84
US$74.88
+13.7%
6.4%US$82.00US$68.00US$105.438
Oct ’24US$79.98
US$93.69
+17.1%
5.7%US$100.00US$85.00US$101.238
Sep ’24US$85.41
US$95.94
+12.3%
2.4%US$100.00US$92.00US$104.958
Aug ’24US$89.88
US$96.31
+7.2%
2.6%US$100.00US$92.00US$98.758
Jul ’24US$80.78
US$94.50
+17.0%
4.2%US$100.00US$86.00US$90.798
Jun ’24US$82.96
US$95.25
+14.8%
4.2%US$102.00US$90.00US$90.628
May ’24US$82.92
US$95.25
+14.9%
4.2%US$102.00US$90.00US$90.248
Apr ’24US$84.41
US$107.00
+26.8%
9.7%US$125.00US$89.00US$91.068
Mar ’24US$104.13
US$111.88
+7.4%
5.5%US$125.00US$105.00US$84.848
Feb ’24US$100.40
US$110.63
+10.2%
6.6%US$125.00US$100.00US$83.068
Jan ’24US$103.79
US$108.50
+4.5%
5.5%US$120.00US$100.00US$85.658
Dec ’23US$103.89
US$106.63
+2.6%
4.4%US$113.00US$100.00US$75.438
Nov ’23US$107.86
US$106.63
-1.1%
4.4%US$113.00US$100.00US$65.848

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

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