Barclays PLC (BARC) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Barclays PLC stock £5.42, price £4.24, upside +27.8%, quality 72 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
The stock costs 22% less than our calculation considers fair.
Fair value £5.42 · Undervalued (22%)
Quality 72/100
Highly profitable · 28.2% net margin (TTM)
2.7% dividend yield · Low payout
Even on cautious assumptions the value is 18% above the price (£4.99).
Mixed Growth(revenue 5y +14.9 %/yr in GBP)
Mixed vs. peers(8/14)
Moderate moat64/100
Some data
Negative coverage
Risks from the AI analysis
🚩Regulatory issues from motor finance complaints and redress scheme🚩Challenger banks eroding UK retail and SME share🚩Regulatory scrutiny on private credit exposures
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range £1.18 – £5.24 · fair‑value band £4.99 – £6.33 · the £4.24 price screens below the £5.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 4, 2026.
Follow Barclays in your weekly email
Every Wednesday you see whether Barclays is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.
Show moreShow less
The company operates through Barclays UK; Barclays UK Corporate Bank; Barclays Private Bank and Wealth Management; Barclays Investment Bank; and Barclays US Consumer Bank segments.
It offers financial services, such as current accounts, savings accounts, mortgages and unsecured lending, such as credit cards and loans retail banking, wholesale banking, investment banking, wealth management, and investment management services, as well as lending products.
In addition, the company engages in securities dealing activities and issuing of credit cards. The company was formerly known as Barclays Bank public limited company and changed its name to Barclays PLC in January 1985.
Barclays PLC was founded in 1690 and is headquartered in London, the United Kingdom.
Stock analysis
Barclays PLC (BARC) currently trades at £4.24, while our model-based Fair Value estimate is £5.42, implying the stock looks roughly 22% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of £7.01 per share, and 3 of the 6 models we run sit above the £4.24 price.
Bear case: the Dividend Discount group reads lowest at £2.18, and 3 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: £4.99 (bear) to £6.33 (bull), the price of £4.24 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 72/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Barclays PLC reported revenue of £50.8B in FY2025 versus £25.1B in FY2021, a compound +19.3%/yr. Reported net income was £7.2B in FY2025, compounding +0.6%/yr from FY2021.
Key figures
Market cap £58.2B Large · P/E ratio 8.5 · P/S ratio 2.75 · EPS (TTM) £0.5000 · Dividend yield 2.7% · Net margin 28.2% · Return on equity 10.5% · Return on assets (EBIT) 0.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 15% 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 28%, BARC screens cheaper than that median.
Fair Value models
Bear£4.99Fair Value £5.42Bull£6.33
Price £4.24 · Upside +27.8%
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 (£0.3270 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.89/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.5%
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.
+14.9%
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.
+14.9%
Start year 2020 (pandemic). Over 10 years: +7.2% a year
Revenue growth 34 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.
+3.3%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+24.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.3%
Dividend (yield on the price)2.7%
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.21.3% vs 22.7%, 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.12% → 18%
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.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−6.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about −8.3% a year for the forecasts.
News mood ⓘNews mood, the average tone of recent news (99 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.Negative
Recent news coverage is more negative than average.
AI conclusion: Moderate scale in UK banking forms the main strength while commoditized products and limited differentiation signals create the key weakness of low asset efficiency.
Main risk: Digital challengers such as Monzo, Revolut and Starling could continue capturing retail deposits and especially SME lending from Barclays, pressuring prices and margins in its core UK banking operations.
Bull case: Barclays could leverage its scale, data and ongoing AI investments to match challenger features while using its youth platform and wealth offerings to retain customers across life stages and defend margins.
Bear case: Sustained share losses to agile challengers combined with tighter capital rules on private credit could erode Barclays' UK deposit base and force a retreat from higher-return activities, limiting earnings growth.
Barclays is pushing ahead with AI-driven cost cuts and has completed one large buyback programme while launching the next. It is also offering early settlements on some motor finance complaints even as legal challenges delay the wider redress scheme. Our models see it as undervalued. Will the efficiency drive deliver more lasting benefit than the regulatory overhang creates in drag?
Price, fair value, quality and upside side by side.
Free, no sign-up
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 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside+27.8% · Top 25%
Profitability
Return on equity (12 months)10.5% · Below median
Return on assets0.5% · Bottom 25%
Net margin (12 months)28.2% · Below median
Operating margin (12 months)32.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)4.9% · Below median
Dividend yield (12 months)2.7% · Below median
Balance sheet
Debt / equity0.77× · Below median
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). "Barclays PLC Fair Value". https://www.fairvalue-calculator.com/stock/BARC
Frequently asked questions
Is Barclays PLC (BARC) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of £5.42 versus a price of £4.24, about +28% upside (undervalued).
What is the fair value of BARC?
Our model-based fair value for Barclays PLC is £5.42 (as of Nov 4, 2026), built from audited fundamentals. The current price: £4.24.
What is the quality score of BARC?
Barclays PLC has a Quality Score of 72/100. 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 Barclays PLC (BARC)?
Our model-based price target is the fair value of £5.42 (as of Nov 4, 2026) from 6 valuation models. Cautious scenario £4.99, optimistic scenario £6.33. It is a calculation from audited fundamentals, not an analyst target.
What is the Barclays PLC stock forecast for 2026?
Our models put fair value at £5.42, about +28% upside versus a price of £4.24 (undervalued). Cautious scenario £4.99, optimistic scenario £6.33. The calculation is refreshed regularly with new filings.
What is the revenue of Barclays PLC (BARC)?
Barclays PLC reported trailing-twelve-month revenue of about £28.5B (latest available figure, as of Nov 4, 2026).
Does Barclays PLC pay a dividend?
Barclays PLC currently shows a dividend yield of 2.71% relative to its recent price (as of Nov 4, 2026).
What growth is priced into Barclays PLC (BARC)?
For today's price to be fair in a discounted-cash-flow model, Barclays PLC would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.9 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of BARC use?
Our models discount Barclays PLC at 9.6 %: a base by market capitalisation (large), damped by beta 0.91, country premium for United Kingdom. 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 Barclays PLC that is less than minus 40 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Barclays PLC (BARC) delivered so far?
Over the past 5 years revenue at Barclays PLC grew +14.9 % 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 Barclays PLC (BARC) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into Barclays PLC (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 Barclays PLC (BARC)?
The free-cash-flow yield on the price is 29.00 %: that much free cash flow Barclays PLC produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Barclays PLC (BARC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Barclays PLC it is £5.42 per share (as of Nov 4, 2026), against a price of £4.24. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Barclays PLC stock overvalued or undervalued in 2026?
As of Nov 4, 2026, BARC trades below its calculated fair value: price £4.24, fair value £5.42, a gap of about +28% (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 BARC?
No. The price is what the market pays today (£4.24); the fair value is what the company's own numbers justify (£5.42). For Barclays PLC the two are £1.18 per share apart. That gap is exactly why we show both numbers side by side.
How much is Barclays PLC worth?
The market values Barclays PLC at about £58.2B (market capitalisation, as of Nov 4, 2026). Per share that is £4.24; our models calculate a fair value of £5.42 per share.
What do the bullish and bearish scenarios say about BARC?
Our models span a range for Barclays PLC: cautious scenario £4.99, base £5.42, optimistic £6.33 per share (as of Nov 4, 2026, price £4.24). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BARC?
Barclays PLC trades at a price-to-earnings ratio of 8.5 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £5.42 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 9.6. Other multiples: PEG 0.9, P/B 1.0, P/S 2.7.
What is the PEG ratio of BARC?
The PEG ratio of Barclays PLC is 0.86 (P/E divided by earnings growth, as of Nov 4, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Barclays PLC (BARC)?
Balance-sheet figures for Barclays PLC (as of Nov 4, 2026): return on equity 10.5%, debt of 0.77 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is BARC from its 52-week high?
Barclays PLC trades at £4.24, about 19% below its 52-week high of £5.24 and 15% above the low of £3.70 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of £5.42 is for.
Which stocks are comparable to Barclays PLC?
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 Barclays PLC stock attractive at the current price?
The data as of Nov 4, 2026: price £4.24, calculated fair value £5.42 (+28%), Quality Score 72/100, 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 BARC calculated?
We run Barclays PLC 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 £5.42, 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. Barclays PLC currently trades 22% 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 Barclays PLC (BARC)?
The closing price on Nov 5, 2026 was £4.24. Our model-based fair value is £5.42, about +28% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Barclays PLC right now?
The price is below even our cautious bear case (£4.99). The market is more pessimistic than our downside scenario. Solid quality (72/100) 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 Barclays PLC (BARC) come from?
Earnings per share at Barclays PLC grew +22.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.9 %, EBIT margin +6.7 %, tax rate +5.1 %, residual (interest, one-offs) +0.6 %. 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 Barclays PLC
How large is the market capitalisation of Barclays PLC (BARC)?
The market capitalisation of Barclays PLC is £58.2B. 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 Barclays PLC (BARC)?
The price-to-sales ratio of Barclays PLC is 2.75 (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 Barclays PLC (BARC)?
Earnings per share at Barclays PLC are £0.5000 (price ÷ EPS = P/E 8.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Barclays PLC (BARC)?
The dividend yield of Barclays PLC is 2.7% (payout 23.0%). 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 Barclays PLC (BARC)?
The net margin of Barclays PLC is 28.2% (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 Barclays PLC (BARC)?
The return on equity (ROE) of Barclays PLC is 10.5% (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 Barclays PLC (BARC)?
On an EBIT basis the return on assets of Barclays PLC is 0.5% (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 Barclays PLC (BARC)?
The operating margin of Barclays PLC is 32.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Barclays PLC (BARC)?
Revenue at Barclays PLC is growing +4.9% versus a year earlier (3y avg +14.9%). 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 Barclays PLC (BARC)?
Earnings per share at Barclays PLC are growing +17.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Barclays PLC (BARC) hold?
Barclays PLC holds more cash than debt, £9.8B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Barclays PLC in the live analysis
One click puts Barclays PLC on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 4, 2026