O-Bank Co Ltd (2897) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of O-Bank Co Ltd stock TWD 11.29, price TWD 10.50, upside +7.5%, quality 32 out of 100. Rating: fairly valued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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O-Bank Co Ltd
2897 · TWThe stock costs about what our calculation considers fair.
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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 6.23 TWD – 11.25 TWD · fair‑value band 11.23 TWD – 15.28 TWD · the 10.50 TWD price screens below the 11.29 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
O-Bank Co., Ltd. provides various banking services to corporate clients in Taiwan.
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It offers deposits, insurance, wealth management, debit card and digital banking services, as well as involved in Investment Business, which includes fixed income trading and investment, financial product marketing, securities, and private equity investment.
The company also provides short and long term financing for working capitals, guarantees, syndications, and factoring services; general trade finance services, cross-strait banking, and forfaiting services; foreign exchange deposit; export and import finance, and financial advisory services; and trust and Escrow services.
In addition, it offers cash management services, such as corporate internet banking, payables management, and receivable management services; interest rate products, including interest rate swaps; forward contracts and currency options services; and structured products.
The company was formerly known as Industrial Bank of Taiwan Co., Ltd. and changed its name to O-Bank Co., Ltd. in January 2017. O-Bank Co., Ltd. was incorporated in 1998 and is headquartered in Taipei City, Taiwan.
Stock analysis
O-Bank Co Ltd (2897) currently trades at 10.50 TWD, while our model-based Fair Value estimate is 11.29 TWD, so the stock looks roughly fairly valued today (gap 7.0%).
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Valuation
Bull case: the Multiples group reads highest at a median of 14.97 TWD per share, and 2 of the 6 models we run sit above the 10.50 TWD price.
Bear case: the Dividend Discount group reads lowest at 4.61 TWD, and 4 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 11.23 TWD (bear) to 15.28 TWD (bull), the price of 10.50 TWD sits below 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 32/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
O-Bank Co Ltd reported revenue of 23.6B TWD in FY2025 versus 11.2B TWD in FY2021, a compound +20.5%/yr. Reported net income was 1.8B TWD in FY2025, compounding −0.1%/yr from FY2021.
Key figures
Market cap 57.1B TWD (≈ $1.7B) Small · P/E ratio 16.4 · P/S ratio 1.27 · EPS (TTM) 0.6400 TWD · Dividend yield 5.0% · Net margin 7.8% · Return on equity 6.4% · Return on assets (EBIT) 0.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 17% 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 8%, 2897 screens cheaper 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
Watch 2897, get fair value alerts →
Compare O-Bank Co Ltd 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)
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)
- Net margin by industry
- P/B ratio by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Taiwanese Stocks
- Valuation of the Taiwan market
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 2897 |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs 2897 |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs 2897 |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs 2897 |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs 2897 |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs 2897 |
| Mizuho Financial Group MFG | $9.40 | $5.90 | −37% | vs 2897 |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs 2897 |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs 2897 |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs 2897 |
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Frequently asked questions
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Key figures of O-Bank Co Ltd
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