Grupo Financiero Banorte, S.A.B. de C.V.

OTCPK:GBOO.F Stock Report

Market Cap: US$20.2b

Grupo Financiero Banorte. de Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: GBOO.F ($7.25) is trading below our estimate of fair value ($13.86)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GBOO.F?

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

The above table shows the Price to Earnings ratio for GBOO.F. This is calculated by dividing GBOO.F's market cap by their current earnings.
What is GBOO.F's PE Ratio?
PE Ratio7.2x
EarningsMex$55.51b
Market CapMex$412.13b

Price to Earnings Ratio vs Peers

How does GBOO.F's PE Ratio compare to its peers?

The above table shows the PE ratio for GBOO.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.9x
BAP Credicorp
11.1x11.9%US$15.0b
FITB Fifth Third Bancorp
15.3x8.1%US$31.7b
CMA Comerica
16.9x10.9%US$9.2b
FCNC.A First Citizens BancShares
12.2x-7.9%US$29.8b
GBOO.F Grupo Financiero Banorte. de
7.2x4.1%US$412.1b

Price-To-Earnings vs Peers: GBOO.F is good value based on its Price-To-Earnings Ratio (7.2x) compared to the peer average (13.9x).

Price to Earnings Ratio vs Industry

How does GBOO.F'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
GBOO.F 7.2xIndustry Avg. 12.8xNo. of Companies80PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GBOO.F is good value based on its Price-To-Earnings Ratio (7.2x) compared to the US Banks industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is GBOO.F'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.

GBOO.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.2x
Fair PE Ratio15.8x

Price-To-Earnings vs Fair Ratio: GBOO.F is good value based on its Price-To-Earnings Ratio (7.2x) compared to the estimated Fair Price-To-Earnings Ratio (15.8x).

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 GBOO.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$7.25
US$8.93
+23.1%
10.0%US$11.28US$7.60n/a15
Nov ’25US$6.99
US$9.08
+29.9%
9.7%US$11.49US$7.74n/a15
Oct ’25US$7.45
US$9.53
+27.9%
11.3%US$12.76US$8.07n/a15
Sep ’25US$7.00
US$9.50
+35.8%
11.2%US$12.47US$7.89n/a15
Aug ’25US$7.65
US$10.16
+32.8%
11.8%US$13.16US$8.32n/a15
Jul ’25US$8.00
US$10.52
+31.5%
12.1%US$13.61US$8.44n/a15
Jun ’25US$9.50
US$11.93
+25.6%
10.3%US$14.74US$9.61n/a15
May ’25US$9.80
US$11.93
+21.8%
10.3%US$14.74US$9.61n/a15
Apr ’25US$10.37
US$11.89
+14.6%
10.6%US$14.99US$9.77n/a15
Mar ’25US$10.76
US$11.41
+6.1%
8.4%US$12.90US$9.56n/a14
Feb ’25US$10.29
US$11.33
+10.2%
8.4%US$12.78US$9.47n/a14
Jan ’25US$10.05
US$11.19
+11.3%
8.0%US$12.92US$9.57n/a14
Dec ’24US$9.43
US$10.89
+15.5%
7.1%US$12.09US$9.39n/a14
Nov ’24US$8.41
US$10.61
+26.1%
7.4%US$11.79US$9.15US$6.9914
Oct ’24US$8.40
US$10.96
+30.5%
6.5%US$12.09US$9.52US$7.4515
Sep ’24US$8.77
US$10.95
+24.8%
6.8%US$12.15US$9.56US$7.0016
Aug ’24US$9.61
US$10.89
+13.3%
6.8%US$12.28US$9.67US$7.6516
Jul ’24US$8.55
US$10.16
+18.8%
7.5%US$11.79US$8.49US$8.0017
Jun ’24US$8.32
US$10.14
+21.9%
7.5%US$11.77US$8.47US$9.5017
May ’24US$8.89
US$9.91
+11.5%
7.4%US$11.52US$8.29US$9.8017
Apr ’24US$8.16
US$9.40
+15.1%
7.1%US$10.73US$7.92US$10.3717
Mar ’24US$8.79
US$9.65
+9.8%
7.0%US$10.99US$8.11US$10.7617
Feb ’24US$8.46
US$9.37
+10.8%
6.5%US$10.49US$7.93US$10.2917
Jan ’24US$7.18
US$8.80
+22.6%
6.2%US$9.97US$7.54US$10.0517
Dec ’23US$7.93
US$8.91
+12.3%
6.2%US$10.16US$7.69US$9.4317
Nov ’23US$8.00
US$8.61
+7.7%
7.8%US$9.99US$7.35US$8.4117

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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