Credit Agricole SA (ACA) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Credit Agricole SA stock €21.77, price €15.78, upside +38.0%, quality 61 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range €5.87 – €19.49 · fair‑value band €16.33 – €27.21 · the €15.78 price screens below the €21.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Crédit Agricole S.A. provides retail and corporate banking, insurance, and investment banking products and services in France, Italy, rest of the European Union, rest of Europe, North America, Central and South America, Africa, the Middle East, the Asia Pacific, and Japan.
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It operates in five segments: Asset Gathering, Large Customers, Specialized Financial Services, French Retail Banking " LCL, and International Retail Banking.
The company offers savings/retirement, death and disability/creditor/group, and property and casualty insurance products; asset management; investment solutions; banking products and services, savings, wealth management, payment, cash flow management, and online banking services; personal finance and mobility; and specialized financial services.
It also provides investment banking, structured finance, international trade finance, commercial banking, capital market, and syndication services; leasing, factoring, and energy and territorial financing; and asset servicing solutions for investment products, as well as various asset classes, such as execution, clearing, forex, security lending, custody, depositary banking, fund administration, middle-office outsourcing, fund distribution, and issuer services.
In addition, the company offers property services, including transactions, rental, rental management, condominium trustee, and renovation under the Square Habitat brand; property development and management; and low-carbon electricity production.
The company serves individuals, SMEs, small businesses, corporates, farmers, financial institutions, local authorities, asset managers, insurance companies, institutional investors, pension and unlisted funds, banks, and brokers.
Crédit Agricole S.A. was founded in 1894 and is headquartered in Montrouge, France. Crédit Agricole S.A. operates as a subsidiary of SAS Rue La Boetie.
Stock analysis
Credit Agricole SA (ACA) currently trades at €15.78, while our model-based Fair Value estimate is €21.77, implying the stock looks roughly 28% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of €22.35 per share, and 4 of the 6 models we run sit above the €15.78 price.
Bear case: the Asset-Based group reads lowest at €11.00, and 2 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: €16.33 (bear) to €27.21 (bull), the price of €15.78 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 61/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Credit Agricole SA reported revenue of €112B in FY2025 versus €63.2B in FY2021, a compound +15.5%/yr. Reported net income was €7.1B in FY2025, compounding +4.9%/yr from FY2021.
Key figures
Market cap €47.7B Large · P/E ratio 8.1 · P/S ratio 0.51 · EPS (TTM) €1.96 · Dividend yield 10.8% · Net margin 6.3% · Return on equity 7.3% · Return on assets (EBIT) 0.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at 38%, ACA screens cheaper than that median.
Fair Value models
Bear€16.33Fair Value €21.77Bull€27.21
Price €15.78 · Upside +38.0%
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 (€0.2208 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.
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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.0%
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.
+35.1%
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.
+22.0%
Start year 2020 (pandemic). Over 10 years: +13.5% 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.
+6.5%
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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.
+17.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.7%
Dividend (yield on the price)10.8%
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.6.7% vs 6.5%, steady
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.10% → 10%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
News mood ⓘNews mood, the average tone of recent news (96 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.Positive
Recent news coverage is more positive than average.
AI conclusion: Credit Agricole shows average business quality for a regional bank, with main strength in investment banking outperformance and international expansion yet main weakness in French domestic lending slowdown.
Main risk: Foreign digital banks such as JPMorgan Chase and BBVA as well as incumbents like Deutsche Bank could capture new customers and force lower deposit rates or fees, squeezing margins in Crédit Agricole's planned German retail expansion.
Bull case: By leveraging its AI investments and existing corporate presence in Germany, Crédit Agricole could differentiate its digital offering with personalised services and cross-sell to build a loyal customer base faster than rivals.
Bear case: If digital competitors continue to win new accounts and pressure deposit pricing while regulatory demands on climate risks increase compliance burdens, the German venture might remain subscale and divert resources from the core French operations.
Strong Q3 results showed revenue growth and investment banking outperformance, yet investors focused on higher provisions and the CEO's caution that slowing investment in France will likely reduce loan demand. Our models see the shares as undervalued amid this domestic slowdown, even as the group accelerates expansion in Germany and Italy. Will the international momentum offset weaker French lending, or will macro caution weigh more on results going forward?
Price, fair value, quality and upside side by side.
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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 - Diversified · 46 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+38.0% · Top 25%
Profitability
Return on equity (12 months)7.3% · Bottom 25%
Return on assets0.3% · Bottom 25%
Net margin (12 months)27.9% · Below median
Operating margin (12 months)41.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)49.1% · Top 25%
Dividend yield (12 months)10.8% · Top 25%
Balance sheet
Debt / equity2.45× · Highest 25%
Valuation Multiplesvs Banks - Diversified median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Credit Agricole SA Fair Value". https://www.fairvalue-calculator.com/stock/ACA.PA
Frequently asked questions
Is Credit Agricole SA (ACA) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €21.77 versus a price of €15.78, about +38% upside (undervalued).
What is the fair value of ACA?
Our model-based fair value for Credit Agricole SA is €21.77 (as of Nov 6, 2026), built from audited fundamentals. The current price: €15.78.
What is the quality score of ACA?
Credit Agricole SA has a Quality Score of 61/100. 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 Credit Agricole SA (ACA)?
Our model-based price target is the fair value of €21.77 (as of Nov 6, 2026) from 6 valuation models. Cautious scenario €16.33, optimistic scenario €27.21. It is a calculation from audited fundamentals, not an analyst target.
What is the Credit Agricole SA stock forecast for 2026?
Our models put fair value at €21.77, about +38% upside versus a price of €15.78 (undervalued). Cautious scenario €16.33, optimistic scenario €27.21. The calculation is refreshed regularly with new filings.
Does Credit Agricole SA pay a dividend?
Credit Agricole SA currently shows a dividend yield of 10.77% relative to its recent price (as of Nov 6, 2026).
What growth is priced into Credit Agricole SA (ACA)?
For today's price to be fair in a discounted-cash-flow model, Credit Agricole SA would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +22.0 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of ACA use?
Our models discount Credit Agricole SA at 9.3 %: a base by market capitalisation (large), damped by beta 0.82, country premium for France. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Credit Agricole SA that is less than minus 40 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Credit Agricole SA (ACA) delivered so far?
Over the past 5 years revenue at Credit Agricole SA grew +22.0 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Credit Agricole SA (ACA) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into Credit Agricole SA (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Credit Agricole SA (ACA)?
The free-cash-flow yield on the price is 37.49 %: that much free cash flow Credit Agricole SA produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Credit Agricole SA (ACA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Credit Agricole SA it is €21.77 per share (as of Nov 6, 2026), against a price of €15.78. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Credit Agricole SA stock overvalued or undervalued in 2026?
As of Nov 6, 2026, ACA trades below its calculated fair value: price €15.78, fair value €21.77, a gap of about +38% (undervalued). 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 ACA?
No. The price is what the market pays today (€15.78); the fair value is what the company's own numbers justify (€21.77). For Credit Agricole SA the two are €5.99 per share apart. That gap is exactly why we show both numbers side by side.
How much is Credit Agricole SA worth?
The market values Credit Agricole SA at about €47.7B (market capitalisation, as of Nov 6, 2026). Per share that is €15.78; our models calculate a fair value of €21.77 per share.
What do the bullish and bearish scenarios say about ACA?
Our models span a range for Credit Agricole SA: cautious scenario €16.33, base €21.77, optimistic €27.21 per share (as of Nov 6, 2026, price €15.78). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ACA?
Credit Agricole SA trades at a price-to-earnings ratio of 8.1 (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 €21.77 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 6.3. Other multiples: PEG 1.4, P/B 0.8, P/S 1.9, EV/EBITDA 4.8.
What is the PEG ratio of ACA?
The PEG ratio of Credit Agricole SA is 1.43 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Credit Agricole SA (ACA)?
Balance-sheet figures for Credit Agricole SA (as of Nov 6, 2026): return on equity 7.3%, debt of 2.45 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is ACA from its 52-week high?
Credit Agricole SA trades at €15.78, about 19% below its 52-week high of €19.49 and 13% above the low of €14.02 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of €21.77 is for.
Which stocks are comparable to Credit Agricole SA?
From the same area (Financial Services) we also value JPMorgan Chase & Co, China Construction Bank Corporation, Industrial and Commercial Bank of China Limited, Agricultural Bank of China Limited, 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 Credit Agricole SA stock attractive at the current price?
The data as of Nov 6, 2026: price €15.78, calculated fair value €21.77 (+38%), Quality Score 61/100, 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 ACA calculated?
We run Credit Agricole 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 €21.77, 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. Credit Agricole SA currently trades 28% below its own fair value, and the market average says nothing about that. 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 Credit Agricole SA (ACA)?
The closing price on Nov 5, 2026 was €15.78. Our model-based fair value is €21.77, about +38% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Credit Agricole SA right now?
The price is below even our cautious bear case (€16.33). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. 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 Credit Agricole SA (ACA) come from?
Earnings per share at Credit Agricole SA grew +7.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +13.2 %, EBIT margin −1.5 %, tax rate −1.1 %, residual (interest, one-offs) −2.3 %. 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 Credit Agricole SA
How large is the market capitalisation of Credit Agricole SA (ACA)?
The market capitalisation of Credit Agricole SA is €47.7B. 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 Credit Agricole SA (ACA)?
The price-to-sales ratio of Credit Agricole SA is 0.51 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Credit Agricole SA (ACA)?
Earnings per share at Credit Agricole SA are €1.96 (price ÷ EPS = P/E 8.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Credit Agricole SA (ACA)?
The dividend yield of Credit Agricole SA is 10.8% (payout 86.7%). 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 Credit Agricole SA (ACA)?
The net margin of Credit Agricole SA is 6.3% (fiscal year 2025). 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 Credit Agricole SA (ACA)?
The return on equity (ROE) of Credit Agricole SA is 7.3% (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 Credit Agricole SA (ACA)?
On an EBIT basis the return on assets of Credit Agricole SA is 0.4% (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 Credit Agricole SA (ACA)?
The operating margin of Credit Agricole SA is 41.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Credit Agricole SA (ACA)?
Revenue at Credit Agricole SA is growing +49.1% versus a year earlier (3y avg +35.1%). 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 Credit Agricole SA (ACA)?
Earnings per share at Credit Agricole SA are growing +59.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Credit Agricole SA (ACA) carry?
The net debt of Credit Agricole SA is €352B (fiscal year 2025, ≈ 19.7 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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Broad data
Nov 6, 2026