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Caixabank SA (CABK) fair value: what the stock is really worth

As of Nov 5, 2026: fair value (intrinsic value) of Caixabank SA stock €7.69, price €11.88, that is 35.3% below the price, quality 66 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services ES · ISIN ES0140609019

CS Caixabank SA logo Broad data Nov 6, 2026

Caixabank SA

CABK · MC
Solid, but very expensive

Our calculation puts a fair price 35% below what the stock costs today.

Quality 66/100
Highly profitable · 40.3% net margin (TTM)
Generates free cash flow
4.3% dividend yield · Sustainable
Wide moat 68/100
Upbeat coverage
Broad data
Mixed Growth (revenue 5y +18.8 %/yr in EUR)
Mixed vs. peers (7/15)
Fair value €7.69 · Strongly overvalued (−35.3%)

Risks from the AI analysis

🚩Generative AI could erode low-cost deposit base🚩Long-term dependence on single cloud provider

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€13.53 €1.63 Fair Value €7.69 Sep 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range €1.63 – €13.53 · fair‑value band €5.55 – €9.61 · the €11.88 price screens above the €7.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

CaixaBank, S.A., together with its subsidiaries, provides various banking products and services for individuals and businesses in Spain, Portugal, and internationally. It operates through four segments: Retail Banking, Business Banking, Private Banking, and CIB segments.

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The company offers retail, private, business, institutional, corporate and investment, premier, InTouch, and international banking; payment methods; savings and investment products; financing; life, life-risk, and non-life insurance; traditional financial and independent advice, and broker services; ATMs; pension fund management; asset and wealth management; securitisation fund management; consumer finance; IT services; and back-office administration services.

It also engages in the management of collective investment institutions; holding of property assets; venture capital company; promotion of business and entrepreneurial initiatives; development of digital projects; vehicle and equipment leasing; project management, maintenance, logistics, and procurement; marketing of products and cashless platforms; mortgage loan management; digital business; hotels; private security of goods and people; shopping center real estate; administration, management, development, and operation of real estate; and reinsurance activities.

The company was formerly known as Criteria CaixaCorp, S.A. and changed its name to CaixaBank, S.A. in July 2011. CaixaBank, S.A. was founded in 1904 and is based in Valencia, Spain.

Stock analysis

Caixabank SA (CABK) currently trades at €11.88, while our model-based Fair Value estimate is €7.69, 35% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Dividend Discount group reads highest at a median of €7.23 per share, and 0 of the 6 models we run sit above the €11.88 price.

Bear case: the Asset-Based group reads lowest at €3.21, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.

Scenario range: €5.55 (bear) to €9.61 (bull), the price of €11.88 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 66/100 (solid quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Caixabank SA reported revenue of €26.0B in FY2025 versus €13.3B in FY2021, a compound +18.3%/yr. Reported net income was €5.9B in FY2025, compounding +3.0%/yr from FY2021.

Key figures

Market cap €82.7B Large · P/E ratio 13.8 · P/S ratio 5.16 · EPS (TTM) €0.8600 · Dividend yield 4.3% · Net margin 40.3% · Return on equity 16.5% · Return on assets (EBIT) 1.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (medium confidence).

What moves the price

The share trades about 12% below its 52-week high and 36% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at −35%, CABK screens richer than that median.

Fair Value models

Bear €5.55 Fair Value €7.69 Bull €9.61
Price €11.88 · Downside -35.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.2917 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income €5.55 €7.05 €10.12 75
DDM Multi-Stage €4.16 €7.23 €8.92 67
Gordon GGM €4.16 €8.47 €13.14 66
All 6 models by family
Dividend Discount
Gordon GGM €4.16 €8.47 €13.14 66
DDM Multi-Stage €4.16 €7.23 €8.92 67
Multiples
P/E Multiple €8.27 €11.03 €13.79 63
P/B Multiple €3.26 €4.34 €5.43 55
Asset-Based
NCAV (Graham) €2.39 €3.21 €4.79 54
Economic Profit
Residual Income €5.55 €7.05 €10.12 75

Open the full fair value analysis →

Quality Score breakdown

Overall quality 66/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 36
How much profit the company makes from its sales and capital
Quality Growth 43
Are margins and returns getting better?
Cashflow 100
Do the profits arrive as real cash?
Financial strength 23
Debt, balance sheet and risk of trouble
Investment 87
Does it invest with discipline instead of growing at any price?
Low Volatility 87
How calm the share price moves, does not count
Price momentum 54
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 68
Distance to the 52-week high, does not count
New shares 95
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−3.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.8%
Start year 2020 (pandemic). Over 10 years: +8.2% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.6%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+28.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.0%
Dividend (yield on the price)4.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.24.0% vs 19.6%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 33%
Pace: the 5-year rate starts in 2020 (pandemic)

CABK screens overvalued: fair value 35% below the price. Compare with China Merchants Bank Co →

Recent news

News mood ⓘNews mood, the average tone of recent news (92 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Note from the team Nov 1, 2026
AI conclusion: CaixaBank draws strength from rising customer numbers and faster growth in wealth management and insurance fees, yet remains limited by weak durability signals and a competitive regional banking sector.
Main risk: Generative AI agents might make it easier for customers to switch from CaixaBank's large pool of low-remunerated deposits to higher-yielding alternatives, squeezing net interest margins on its core deposit franchise.
Bull case: CaixaBank could leverage its Google Cloud AI agents and internal governance to automate processes, retain customers through better personalization and maintain deposit stability despite easier switching options.
Bear case: If AI agents accelerate deposit outflows and regulators force a costly exit from the Google partnership, CaixaBank might face sustained margin pressure and higher technology expenses that weaken its regional banking operations.
CaixaBank's nine-month results show profit rising 12.9 percent on broad business growth, with nearly 480,000 new customers and service revenues up 7.7 percent outpacing the 2.9 percent rise in net interest income. Our models currently see the stock as overvalued. Can the acceleration in wealth management and insurance fees deliver lasting resilience, or will the bank remain exposed if lending volumes slow?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1002 stocks

Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 66 · Top 25%
Fair Value upside −35.3% · Bottom 25%
Profitability
Return on equity (12 months) 16.5% · Top 25%
Return on assets 0.9% · Below median
Net margin (12 months) 40.3% · Top 25%
Operating margin (12 months) 58.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 6.0% · Below median
Dividend yield (12 months) 4.3% · Top 25%
Balance sheet
Debt / equity 1.37× · Highest 25%

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 13.8× · Pricier than median
P/B 2.15× · Priciest 25%
P/S (12 months) 5.16× · Priciest 25%
Price / free cash flow 2.0× · Cheapest 25%
EV/EBITDA 10.1× · Pricier than median
PEG 0.94× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 8
FUTURE (revenue growth)30 · sector 48
PAST (return on equity)66 · sector 43
HEALTH (low debt)32 · sector 85
DIVIDEND (yield)87 · sector 53

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Postal Savings Bank of China Co 601658 ¥5.52 ¥7.59 +38% vs CABK
China Merchants Bank Co 600036 ¥42.54 ¥52.73 +24% vs CABK
BNP Paribas SA BNP €91.94 €106.01 +15% vs CABK
Intesa Sanpaolo S.p.A ISP €6.27 €4.59 −27% vs CABK
UniCredit S.p.A UCG €77.18 €50.44 −35% vs CABK
Oversea-Chinese Banking Corporation O39 27.93 SGD 18.20 SGD −35% vs CABK
Mizuho Financial Group MFG $9.39 $5.90 −37% vs CABK
DBS Group D05 71.20 SGD 40.39 SGD −43% vs CABK
HDFC Bank Limited HDFCBANK ₹760.00 ₹406.39 −47% vs CABK
ICICI Bank Limited ICICIBANK ₹1,500 ₹615.63 −59% vs CABK

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Frequently asked questions

Is Caixabank SA (CABK) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €7.69 versus a price of €11.88, about 35% lower (overvalued).
What is the fair value of CABK?
Our model-based fair value for Caixabank SA is €7.69 (as of Nov 6, 2026), built from audited fundamentals. The current price: €11.88.
What is the quality score of CABK?
Caixabank SA has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Caixabank SA (CABK)?
Our model-based price target is the fair value of €7.69 (as of Nov 6, 2026) from 6 valuation models. Cautious scenario €5.55, optimistic scenario €9.61. It is a calculation from audited fundamentals, not an analyst target.
What is the Caixabank SA stock forecast for 2026?
Our models put fair value at €7.69, about 35% lower versus a price of €11.88 (overvalued). Cautious scenario €5.55, optimistic scenario €9.61. The calculation is refreshed regularly with new filings.
What is the revenue of Caixabank SA (CABK)?
Caixabank SA reported trailing-twelve-month revenue of about €16.0B (latest available figure, as of Nov 6, 2026).
Does Caixabank SA pay a dividend?
Caixabank SA currently shows a dividend yield of 4.35% relative to its recent price (as of Nov 6, 2026).
What is the intrinsic value of Caixabank SA (CABK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Caixabank SA it is €7.69 per share (as of Nov 6, 2026), against a price of €11.88. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Caixabank SA stock overvalued or undervalued in 2026?
As of Nov 6, 2026, CABK trades above its calculated fair value: price €11.88, fair value €7.69, a gap of about −35% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CABK?
No. The price is what the market pays today (€11.88); the fair value is what the company's own numbers justify (€7.69). For Caixabank SA the two are €4.19 per share apart. That gap is exactly why we show both numbers side by side.
How much is Caixabank SA worth?
The market values Caixabank SA at about €82.7B (market capitalisation, as of Nov 6, 2026). Per share that is €11.88; our models calculate a fair value of €7.69 per share.
What do the bullish and bearish scenarios say about CABK?
Our models span a range for Caixabank SA: cautious scenario €5.55, base €7.69, optimistic €9.61 per share (as of Nov 6, 2026, price €11.88). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CABK?
Caixabank SA trades at a price-to-earnings ratio of 13.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €7.69 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 9.4. Other multiples: PEG 0.9, P/B 2.2, P/S 5.2, EV/EBITDA 10.1.
What is the PEG ratio of CABK?
The PEG ratio of Caixabank SA is 0.94 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Caixabank SA (CABK)?
Balance-sheet figures for Caixabank SA (as of Nov 6, 2026): return on equity 16.5%, debt of 1.37 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is CABK from its 52-week high?
Caixabank SA trades at €11.88, about 12% below its 52-week high of €13.53 and 36% above the low of €8.71 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of €7.69 is for.
Which stocks are comparable to Caixabank SA?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Caixabank SA stock attractive at the current price?
The data as of Nov 6, 2026: price €11.88, calculated fair value €7.69 (−35%), Quality Score 66/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CABK calculated?
We run Caixabank SA through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €7.69, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Caixabank SA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Caixabank SA (CABK)?
The closing price on Nov 5, 2026 was €11.88. Our model-based fair value is €7.69, about 35% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Caixabank SA right now?
The price sits above even our optimistic bull case (€9.61). The favourable scenario is already priced in. Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Caixabank SA (CABK) come from?
Earnings per share at Caixabank SA grew +20.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.7 %, EBIT margin +18.2 %, tax rate −4.5 %, residual (interest, one-offs) +0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Caixabank SA

How large is the market capitalisation of Caixabank SA (CABK)?
The market capitalisation of Caixabank SA is €82.7B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Caixabank SA (CABK)?
The price-to-sales ratio of Caixabank SA is 5.16 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Caixabank SA (CABK)?
Earnings per share at Caixabank SA are €0.8600 (price ÷ EPS = P/E 13.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Caixabank SA (CABK)?
The dividend yield of Caixabank SA is 4.3% (payout 60.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Caixabank SA (CABK)?
The net margin of Caixabank SA is 40.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Caixabank SA (CABK)?
The return on equity (ROE) of Caixabank SA is 16.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Caixabank SA (CABK)?
On an EBIT basis the return on assets of Caixabank SA is 1.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Caixabank SA (CABK)?
The operating margin of Caixabank SA is 58.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Caixabank SA (CABK)?
Revenue at Caixabank SA is growing +6.0% versus a year earlier (3y avg +19.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Caixabank SA (CABK)?
Earnings per share at Caixabank SA are growing +11.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Caixabank SA (CABK) generate?
The free cash flow of Caixabank SA is €42.0B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Caixabank SA (CABK) carry?
The net debt of Caixabank SA is €39.7B (fiscal year 2025, ≈ 0.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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