Erste Group Bank AG

WBAG:EBS Stock Report

Market Cap: €36.9b

Erste Group Bank Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: EBS (€94.05) is trading below our estimate of future cash flow value (€206.8)

Significantly Below Future Cash Flow Value: EBS is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EBS. This is calculated by dividing EBS's market cap by their current earnings.
What is EBS's PE Ratio?
PE Ratio10.5x
Earnings€3.51b
Market Cap€36.89b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EBS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.2x
RBI Raiffeisen Bank International
9.6x15.24%€12.2b
BG BAWAG Group
11.7x9.32%€9.5b
OBS Oberbank
15.8xn/a€5.6b
BTS BTV Vier Länder Bank
15.6xn/a€2.6b
EBS Erste Group Bank
10.4x8.52%€36.9b

Price-To-Earnings vs Peers: EBS is good value based on its Price-To-Earnings Ratio (10.4x) compared to the peer average (13.1x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does EBS's PE Ratio compare vs other companies in the European Banks Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EBS 10.5xIndustry Avg. 10.5xNo. of Companies43PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EBS is good value based on its Price-To-Earnings Ratio (10.4x) compared to the European Banks industry average (10.5x).

Price to Earnings Ratio vs Fair Ratio

What is EBS'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.

EBS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.5x
Fair PE Ratio11.6x

Price-To-Earnings vs Fair Ratio: EBS is good value based on its Price-To-Earnings Ratio (10.4x) compared to the estimated Fair Price-To-Earnings Ratio (11.6x).

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 EBS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€95.00
€107.69
+13.36%
13.34%€133.00€79.90n/a16
Mar ’27€100.70
€107.31
+6.57%
13.62%€133.00€79.90n/a16
Feb ’27€109.50
€102.20
-6.67%
13.20%€132.00€79.90n/a15
Jan ’27€102.90
€94.83
-7.84%
11.27%€108.00€75.60n/a14
Dec ’26€94.00
€92.26
-1.85%
10.01%€108.00€75.60n/a14
Nov ’26€89.75
€88.66
-1.21%
6.76%€97.00€75.60n/a14
Oct ’26€85.45
€85.03
-0.49%
11.14%€97.00€64.81n/a15
Sep ’26€81.65
€80.83
-1.00%
11.59%€93.00€62.00n/a15
Aug ’26€79.50
€78.30
-1.51%
10.43%€87.00€62.00n/a15
Jul ’26€71.65
€77.30
+7.89%
10.42%€86.00€62.00n/a15
Jun ’26€70.85
€76.84
+8.46%
10.16%€86.00€62.00n/a16
May ’26€59.45
€69.57
+17.02%
12.66%€82.00€51.61n/a17
Apr ’26€64.86
€69.04
+6.44%
12.14%€81.00€51.61n/a17
Mar ’26€64.64
€64.32
-0.50%
10.57%€79.00€51.61€100.7017
Feb ’26€59.44
€62.58
+5.29%
9.38%€72.00€51.61€109.5016
Jan ’26€59.66
€60.42
+1.28%
8.66%€71.00€51.61€102.9015
Dec ’25€51.90
€59.03
+13.74%
7.37%€70.00€51.61€94.0015
Nov ’25€51.70
€57.03
+10.31%
6.82%€68.00€51.61€89.7515
Oct ’25€48.60
€55.65
+14.50%
8.63%€66.00€46.00€85.4515
Sep ’25€49.51
€55.65
+12.39%
8.63%€66.00€46.00€81.6515
Aug ’25€46.41
€52.26
+12.60%
9.73%€65.00€43.00€79.5015
Jul ’25€45.09
€51.16
+13.45%
9.34%€60.00€43.00€71.6515
Jun ’25€45.10
€50.59
+12.17%
9.27%€60.00€43.00€70.8514
May ’25€43.87
€49.40
+12.60%
9.99%€60.00€43.00€59.4514
Apr ’25€41.30
€47.37
+14.71%
11.47%€58.00€39.70€64.8614
Mar ’25€37.33
€48.12
+28.89%
12.65%€60.00€39.70€64.6415
€107.69
Fair Value
12.7% undervalued intrinsic discount
16
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/09 16:54
End of Day Share Price 2026/03/06 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Erste Group Bank AG is covered by 29 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ivan BokhmatBarclays
Krishnendra DubeyBarclays
Eoin MullanyBerenberg