Westpac Banking Corporation

OTCPK:WEBN.F Stock Report

Market Cap: US$71.8b

Westpac Banking Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Discounted Cash Flow
Simply Wall St
US$19.78
Fair Value
0.4% undervalued intrinsic discount
13
Number of Analysts

Below Fair Value: WEBN.F ($19.7) is trading below our estimate of fair value ($19.78)

Significantly Below Fair Value: WEBN.F is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for WEBN.F. This is calculated by dividing WEBN.F's market cap by their current earnings.
What is WEBN.F's PE Ratio?
PE Ratio16.5x
EarningsAU$6.99b
Market CapAU$115.61b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for WEBN.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.5x
PNC PNC Financial Services Group
14.4x9.6%US$79.6b
USB U.S. Bancorp
12.6x7.8%US$74.5b
C Citigroup
13.3x16.9%US$152.9b
FITB Fifth Third Bancorp
13.8x6.0%US$29.7b
WEBN.F Westpac Banking
16.5x-0.007%US$115.6b

Price-To-Earnings vs Peers: WEBN.F is expensive based on its Price-To-Earnings Ratio (16.5x) compared to the peer average (13.5x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
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
WEBN.F 16.5xIndustry Avg. 12.1xNo. of Companies89PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WEBN.F is expensive based on its Price-To-Earnings Ratio (16.5x) compared to the US Banks industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is WEBN.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.

WEBN.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.5x
Fair PE Ratio13.7x

Price-To-Earnings vs Fair Ratio: WEBN.F is expensive based on its Price-To-Earnings Ratio (16.5x) compared to the estimated Fair Price-To-Earnings Ratio (13.7x).

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 WEBN.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$19.70
US$17.96
-8.8%
14.7%US$24.86US$12.43n/a13
Jan ’26US$18.60
US$17.67
-5.0%
13.1%US$23.08US$12.48n/a13
Dec ’25US$22.00
US$18.44
-16.2%
11.0%US$21.90US$13.27n/a14
Nov ’25US$20.40
US$17.96
-12.0%
11.1%US$21.92US$13.28n/a14
Oct ’25US$20.70
US$18.33
-11.4%
10.8%US$22.50US$13.64n/a15
Sep ’25US$21.05
US$17.84
-15.3%
9.0%US$20.51US$13.49n/a15
Aug ’25US$18.88
US$16.41
-13.1%
8.3%US$18.60US$13.10n/a15
Jul ’25US$18.00
US$16.44
-8.7%
8.3%US$18.69US$13.16n/a15
Jun ’25US$16.54
US$16.63
+0.5%
8.4%US$18.86US$13.36n/a15
May ’25US$16.86
US$15.45
-8.3%
10.5%US$18.14US$11.98n/a14
Apr ’25US$16.82
US$15.51
-7.8%
10.8%US$18.29US$12.09n/a14
Mar ’25US$16.94
US$15.22
-10.1%
11.4%US$18.35US$11.47n/a14
Feb ’25US$15.60
US$14.50
-7.0%
10.9%US$18.40US$11.50US$19.7014
Jan ’25US$15.00
US$14.44
-3.8%
10.5%US$18.77US$11.73US$18.6014
Dec ’24US$14.14
US$14.40
+1.8%
11.0%US$18.50US$11.56US$22.0015
Nov ’24US$13.60
US$13.65
+0.4%
11.4%US$17.76US$11.10US$20.4015
Oct ’24US$13.60
US$13.83
+1.7%
11.9%US$18.00US$11.25US$20.7015
Sep ’24US$13.79
US$14.05
+1.9%
11.0%US$17.95US$11.22US$21.0516
Aug ’24US$14.45
US$14.89
+3.1%
10.1%US$18.70US$12.69US$18.8816
Jul ’24US$14.05
US$14.87
+5.8%
10.1%US$18.65US$12.65US$18.0016
Jun ’24US$13.40
US$14.66
+9.4%
10.2%US$18.25US$12.38US$16.5416
May ’24US$14.72
US$15.59
+5.9%
10.8%US$19.13US$12.53US$16.8616
Apr ’24US$14.30
US$16.16
+13.0%
12.5%US$20.13US$12.75US$16.8216
Mar ’24US$14.93
US$16.54
+10.8%
12.5%US$20.18US$12.78US$16.9416
Feb ’24US$16.84
US$17.41
+3.4%
12.7%US$21.13US$13.38US$15.6016
Analyst Price Target
Consensus Narrative from 13 Analysts
US$16.88
Fair Value
16.7% overvalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/02 09:08
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Westpac Banking Corporation is covered by 29 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brett Le MesurierAxiome Equities
Craig StaffordBarrenjoey Markets Pty Limited
Benjamin BrayshawBarrenjoey Markets Pty Limited