Credito Emiliano S.p.A (CE) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Credito Emiliano S.p.A stock €14.54, price €20.20, that is 28.0% below the price, quality 42 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Credito Emiliano S.p.A
CE · MIOur calculation puts a fair price 28% below what the stock costs today.
Risks from the AI analysis
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range €3.97 – €21.38 · fair‑value band €12.55 – €18.98 · the €20.20 price screens above the €14.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Company profile
Credito Emiliano S.p.A., together with its subsidiaries, engages in commercial banking and wealth management activities in Italy. The company is involved in commercial banking, private banking, parabanking, consumer credit, and other/technology.
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Its commercial banking activities relate to the distribution of financial products and services directed to its retail and corporate customers.
The company's wealth management activities consist of the management of mutual funds, SICAVs, and asset management, as well as private equity funds and hedge funds. It also offers management of mutual funds, intermediation, leasing, factoring, and insurance services.
In addition, the company engages in the financial leasing activities, such as long renting instrumental, real estate, and naval; management of commercial credits, monitoring of risk, guarantee and advance of credit, and management of agreements with suppliers; mortgage intermediation, placement of salary-secured products, and provision of personal and targeted loans; seasoning and packaging operation; and provision of telematic services.
Further, it offers current accounts, cards and payments, collection services, investments, and other digital and online services. It serves retail services, wealth management, and small and medium-sized enterprises through a network of financial advisors.
The company was founded in 1910 and is headquartered in Reggio Emilia, Italy. Credito Emiliano S.p.A. operates as a subsidiary of Credito Emiliano Holding S.p.A.
Stock analysis
Credito Emiliano S.p.A (CE) currently trades at €20.20, while our model-based Fair Value estimate is €14.54, 28% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €16.74 per share, and 1 of the 6 models we run sit above the €20.20 price.
Bear case: the Asset-Based group reads lowest at €8.18, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: €12.55 (bear) to €18.98 (bull), the price of €20.20 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 42/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Credito Emiliano S.p.A reported revenue of €2.1B in FY2025 versus €1.5B in FY2021, a compound +8.8%/yr. Reported net income was €621M in FY2025, compounding +15.2%/yr from FY2021.
Key figures
Market cap €6.9B Mid · P/E ratio 11.9 · P/S ratio 3.57 · EPS (TTM) €1.70 · Dividend yield 3.7% · Net margin 29.9% · Return on equity 12.2% · Return on assets (EBIT) 0.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 51% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −29% fair-value upside, at −28%, CE 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
CE screens overvalued: fair value 28% below the price. Compare with China Merchants Bank Co →
Earlier news
- Credito Emiliano (BIT:CE) Stock May Be Fully Priced On Modest Excess Returns
- Credito Emiliano (STU:EAO) (H1 2026) Earnings Call Highlights: Net Profit Surges 12. ...
Compare Credito Emiliano S.p.A 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 · 996 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)
- Price/FCF by industry
- Debt-to-equity by industry
- Piotroski F-Score screener with fair value
- Valuation of the Italy 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 | ¥5.62 | ¥7.59 | +35% | vs CE |
| China Merchants Bank Co 600036 | ¥43.01 | ¥52.73 | +23% | vs CE |
| BNP Paribas SA BNP | €93.98 | €106.01 | +13% | vs CE |
| State Bank of India SBIN | ₹1,042 | ₹736.65 | −29% | vs CE |
| Intesa Sanpaolo S.p.A ISP | €6.35 | €4.49 | −29% | vs CE |
| Mizuho Financial Group MFG | $9.40 | $5.89 | −37% | vs CE |
| UniCredit S.p.A UCG | €81.62 | €50.44 | −38% | vs CE |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs CE |
| HDFC Bank Limited HDFCBANK | ₹798.15 | ₹406.39 | −49% | vs CE |
| ICICI Bank Limited ICICIBANK | ₹1,589 | ₹615.63 | −61% | vs CE |
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Key figures of Credito Emiliano S.p.A
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