Van Lanschot NV (VLK) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Van Lanschot NV stock €33.89, price €63.50, that is 46.6% below the price, quality 65 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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Van Lanschot NV
VLK · ASOur calculation puts a fair price 47% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range €13.01 – €70.30 · fair‑value band €25.42 – €42.36 · the €63.50 price screens above the €33.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Company profile
Van Lanschot Kempen NV provides various financial services in the Netherlands, Belgium, and internationally. It operates through four segments: Private Clients Netherlands, Private Clients Belgium, Investment Management Clients, and Investment Banking Clients.
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The company offers private banking services for entrepreneurs, family businesses, high-net-worth individuals, business professionals and executives, foundations and associations, and affluent individuals; and pension funds.
It also provides wealth management services and products, an online investment platform, and owned funds-related services, as well as strategies and fiduciary management services.
In addition, the company offers specialist services including equities research and trading, mergers and acquisitions, equity capital market transactions, and debt advisory services to corporate and institutional investors.
Further, it is involved in various activities comprising interest rate, management book, market and liquidity risk management, structured products, and staff department activities.
The company was formerly known as Van Lanschot Kempen Wealth Management NV and changed its name to Van Lanschot Kempen NV in July 2021. Van Lanschot Kempen NV was founded in 1737 and is headquartered in 's-Hertogenbosch, the Netherlands.
Stock analysis
Van Lanschot NV (VLK) currently trades at €63.50, while our model-based Fair Value estimate is €33.89, 47% 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 €74.23 per share, and 2 of the 6 models we run sit above the €63.50 price.
Bear case: the Asset-Based group reads lowest at €15.42, and 4 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: €25.42 (bear) to €42.36 (bull), the price of €63.50 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 65/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Van Lanschot NV reported revenue of €1.2B in FY2025 versus €617M in FY2021, a compound +18.6%/yr. Reported net income was €157M in FY2025, compounding +2.3%/yr from FY2021.
Key figures
Market cap €2.7B Mid · P/E ratio 16.1 · P/S ratio 3.37 · EPS (TTM) €3.94 · Dividend yield 4.7% · Net margin 22.1% · Return on equity 13.8% · Return on assets (EBIT) 1.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 38% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −47%, VLK screens richer than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
VLK screens overvalued: fair value 47% below the price. Compare with China Merchants Bank Co →
Compare Van Lanschot NV with another stock
Price, fair value, quality and upside side by side.
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 · 998 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Dividend yield by industry
- EV/EBITDA by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Dutch Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 | ¥5.53 | ¥7.59 | +37% | vs VLK |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs VLK |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs VLK |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs VLK |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs VLK |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs VLK |
| Mizuho Financial Group MFG | $9.40 | $5.90 | −37% | vs VLK |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs VLK |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs VLK |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs VLK |
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Frequently asked questions
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Key figures of Van Lanschot NV
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