We’ve recently updated our valuation analysis.

CVB Financial Valuation

Is CVBF 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 CVBF?

Other financial metrics that can be useful for relative valuation.

CVBF 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 Ratio2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CVBF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.1x
FHB First Hawaiian
12.8x4.6%US$3.4b
TCBI Texas Capital Bancshares
9.8x-14.7%US$3.1b
CBU Community Bank System
16x3.9%US$3.0b
BOH Bank of Hawaii
13.9x-4.4%US$3.0b
CVBF CVB Financial
14.2x7.3%US$3.3b

Price-To-Earnings vs Peers: CVBF is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the peer average (13.1x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.1%
n/an/an/a

Price-To-Earnings vs Industry: CVBF is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the US Banks industry average (9.6x)


Price to Earnings Ratio vs Fair Ratio

What is CVBF'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.

CVBF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.2x
Fair PE Ratio11.4x

Price-To-Earnings vs Fair Ratio: CVBF is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the estimated Fair Price-To-Earnings Ratio (11.4x).


Share Price vs Fair Value

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

Below Fair Value: CVBF ($23.93) is trading below our estimate of fair value ($37.8)

Significantly Below Fair Value: CVBF 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 CVBF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$23.88
US$28.25
+18.3%
9.6%US$32.00US$25.00n/a6
Jan ’24US$25.75
US$29.75
+15.5%
8.8%US$33.50US$26.00n/a6
Dec ’23US$28.53
US$29.75
+4.3%
8.8%US$33.50US$26.00n/a6
Nov ’23US$28.20
US$29.75
+5.5%
8.8%US$33.50US$26.00n/a6
Oct ’23US$25.32
US$29.42
+16.2%
8.6%US$32.50US$26.00n/a6
Sep ’23US$25.77
US$29.33
+13.8%
8.3%US$32.00US$26.00n/a6
Aug ’23US$26.75
US$29.33
+9.7%
8.3%US$32.00US$26.00n/a6
Jul ’23US$25.15
US$27.33
+8.7%
10.1%US$31.00US$24.00n/a6
Jun ’23US$24.58
US$27.00
+9.8%
10.0%US$30.00US$24.00n/a6
May ’23US$23.02
US$27.00
+17.3%
10.0%US$30.00US$24.00n/a6
Apr ’23US$23.11
US$25.83
+11.8%
6.9%US$29.00US$24.00n/a6
Mar ’23US$22.91
US$25.00
+9.1%
6.1%US$27.00US$23.00n/a6
Feb ’23US$22.01
US$25.00
+13.6%
6.1%US$27.00US$23.00n/a6
Jan ’23US$21.41
US$23.00
+7.4%
6.6%US$25.50US$21.50US$25.755
Dec ’22US$19.23
US$23.00
+19.6%
6.6%US$25.50US$21.50US$28.535
Nov ’22US$20.75
US$22.80
+9.9%
6.3%US$25.50US$21.50US$28.205
Oct ’22US$20.64
US$22.50
+9.0%
4.0%US$24.00US$21.50US$25.325
Sep ’22US$20.15
US$22.92
+13.7%
5.4%US$25.00US$21.50US$25.776
Aug ’22US$19.06
US$22.75
+19.4%
5.6%US$25.00US$21.50US$26.756
Jul ’22US$20.68
US$23.83
+15.2%
3.8%US$25.00US$23.00US$25.156
Jun ’22US$22.36
US$23.83
+6.6%
3.8%US$25.00US$23.00US$24.586
May ’22US$21.21
US$23.83
+12.4%
3.8%US$25.00US$23.00US$23.026
Apr ’22US$22.22
US$23.75
+6.9%
4.2%US$25.00US$22.50US$23.116
Mar ’22US$21.98
US$21.92
-0.3%
6.2%US$24.00US$20.00US$22.916
Feb ’22US$19.76
US$22.08
+11.8%
5.9%US$24.00US$20.00US$22.016
Jan ’22US$19.50
US$21.58
+10.7%
6.9%US$24.00US$20.00US$21.416

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


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