Societe Generale S.A. (GLE) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Societe Generale S.A. stock €72.98, price €65.86, upside +10.8%, quality 50 out of 100. Rating: fairly valued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
The stock costs about what our calculation considers fair.
Highly profitable · 25.6% net margin (TTM)
2.7% dividend yield · Low payout
Costs just 8.2 times its yearly profit.
Fair value €72.98 · Fairly valued
Quality 50/100
Expensive Growth(revenue 5y +35.6 %/yr in EUR)
Mixed vs. peers(6/13)
Wide moat66/100 · thin data
Neutral coverage
Some data
Changed on Oct 31: €85.32→ €72.98
Risks from the AI analysis
🚩Price drop: Rising French government bond yields and fiscal concerns🚩Rising French sovereign bond yields amid fiscal concerns🚩Revolut expanding in French digital retail🚩Regulatory fines on retail insurance sales
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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 10, 2026.
How to read this chart
60‑month range €15.76 – €83.28 · fair‑value band €54.74 – €91.23 · the €65.86 price screens below the €72.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Société Générale provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.
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It operates through French Retail, Private Banking and Insurance; International Retail, Mobility and Leasing Services; and Global Banking and Investor Solutions.
The company offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.
It also provides corporate and investment banking, securities, clearing services, execution, prime brokerage, and custody services; and consumer finance, advisory and financing, and asset management and private banking services.
Société Générale was incorporated in 1864 and is headquartered in Paris, France.
Stock analysis
Societe Generale S.A. (GLE) currently trades at €65.86, while our model-based Fair Value estimate is €72.98, so the stock looks roughly fairly valued today (gap 9.8%).
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Valuation
Bull case: the Economic Profit group reads highest at a median of €86.26 per share, and 2 of the 6 models we run sit above the €65.86 price.
Bear case: the Dividend Discount group reads lowest at €15.80, and 4 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €54.74 (bear) to €91.23 (bull), the price of €65.86 sits inside 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 50/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Societe Generale S.A. reported revenue of €86.2B in FY2025 versus €25.7B in FY2021, a compound +35.3%/yr. Reported net income was €6.0B in FY2025, compounding +1.6%/yr from FY2021.
Key figures
Market cap €48.9B Large · P/E ratio 8.2 · P/S ratio 2.07 · EPS (TTM) €8.07 · Dividend yield 2.7% · Net margin 25.6% · Return on equity 9.6% · Return on assets (EBIT) 0.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at 11%, GLE screens cheaper than that median.
Fair Value models
Bear€54.74Fair Value €72.98Bull€91.23
Price €65.86 · Upside +10.8%
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 (€5.44 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+241.1%
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.
+50.0%
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.
+35.6%
Start year 2020 (pandemic). Over 10 years: +13.9% a year
Revenue growth 21 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.
+3.0%
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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. Basis: EBIT basis.
≈ +7.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.0%
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.7.9% vs 4.8%, picking up
Profit margin 2019 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.28% → 10%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 147% above its own trend.
News mood ⓘNews mood, the average tone of recent news (75 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.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: The bank's main strength is its record earnings momentum and robust capital position, while thin evidence and negative operating plus free cash flow remain the central weakness.
Main risk: Revolut could draw retail customers in France away from BoursoBank with its digital banking and investment offerings, pressuring Societe Generale's retail margins and market share.
Bull case: Societe Generale could accelerate digital upgrades and KI-driven efficiencies at BoursoBank to match or exceed rivals like Revolut while maintaining regulatory compliance.
Bear case: If digital rivals capture significant French retail share and regulatory scrutiny intensifies, Societe Generale might see sustained pressure on retail revenues and higher operating costs.
Societe Generale posted record net income in the third quarter and first nine months, with return on tangible equity already above its 2026 target and an extraordinary buyback completed. The shares nevertheless came under pressure alongside other European banks as French government bond yields rose sharply and fiscal concerns mounted. Will the bank’s stronger earnings momentum and capital position outweigh the impact of sovereign spreads, or will those macro risks keep weighing on sentiment?
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 - Regional · 997 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+10.8% · Top 25%
Profitability
Return on equity (12 months)9.6% · Below median
Return on assets0.4% · Bottom 25%
Net margin (12 months)25.6% · Below median
Operating margin (12 months)39.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)7.6% · Below median
Dividend yield (12 months)2.7% · Above median
Balance sheet
Debt / equity1.24× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)8.2× · Cheapest 25%
P/B0.78× · Cheapest 25%
P/S (12 months)2.07× · Cheapest 25%
PEG0.60× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)48· sector 7
FUTURE (revenue growth)38· sector 47
PAST (return on equity)39· sector 43
HEALTH (low debt)–
DIVIDEND (yield)53· sector 52
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
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). "Societe Generale S.A. Fair Value". https://www.fairvalue-calculator.com/stock/GLE
Frequently asked questions
Is Societe Generale S.A. (GLE) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of €72.98 versus a price of €65.86, about +11% upside (fairly valued).
What is the fair value of GLE?
Our model-based fair value for Societe Generale S.A. is €72.98 (as of Nov 10, 2026), built from audited fundamentals. The current price: €65.86.
What is the quality score of GLE?
Societe Generale S.A. has a Quality Score of 50/100. 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 Societe Generale S.A. (GLE)?
Our model-based price target is the fair value of €72.98 (as of Nov 10, 2026) from 6 valuation models. Cautious scenario €54.74, optimistic scenario €91.23. It is a calculation from audited fundamentals, not an analyst target.
What is the Societe Generale S.A. stock forecast for 2026?
Our models put fair value at €72.98, about +11% upside versus a price of €65.86 (fairly valued). Cautious scenario €54.74, optimistic scenario €91.23. The calculation is refreshed regularly with new filings.
Does Societe Generale S.A. pay a dividend?
Societe Generale S.A. currently shows a dividend yield of 2.66% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Societe Generale S.A. (GLE) and when is the ex-dividend date?
Societe Generale S.A. pays a dividend of €1.75 per share a year, a dividend yield of 2.7%. The last ex-dividend date was Oct 5, 2026. A dividend has been paid every year since 2021. The payout ratio is 21.7% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Societe Generale S.A. (GLE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Societe Generale S.A. it is €72.98 per share (as of Nov 10, 2026), against a price of €65.86. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Societe Generale S.A. stock overvalued or undervalued in 2026?
As of Nov 10, 2026, GLE trades below its calculated fair value: price €65.86, fair value €72.98, a gap of about +11% (fairly valued). 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 GLE?
No. The price is what the market pays today (€65.86); the fair value is what the company's own numbers justify (€72.98). For Societe Generale S.A. the two are €7.12 per share apart. That gap is exactly why we show both numbers side by side.
How much is Societe Generale S.A. worth?
The market values Societe Generale S.A. at about €48.9B (market capitalisation, as of Nov 10, 2026). Per share that is €65.86; our models calculate a fair value of €72.98 per share.
What do the bullish and bearish scenarios say about GLE?
Our models span a range for Societe Generale S.A.: cautious scenario €54.74, base €72.98, optimistic €91.23 per share (as of Nov 10, 2026, price €65.86). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GLE?
Societe Generale S.A. trades at a price-to-earnings ratio of 8.2 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €72.98 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 7.9. Other multiples: PEG 0.6, P/B 0.8, P/S 2.1.
What is the PEG ratio of GLE?
The PEG ratio of Societe Generale S.A. is 0.60 (P/E divided by earnings growth, as of Nov 10, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Societe Generale S.A. (GLE)?
Balance-sheet figures for Societe Generale S.A. (as of Nov 10, 2026): return on equity 9.6%, debt of 1.24 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is GLE from its 52-week high?
Societe Generale S.A. trades at €65.86, about 21% below its 52-week high of €83.28 and 20% above the low of €55.06 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of €72.98 is for.
Which stocks are comparable to Societe Generale S.A.?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, 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 Societe Generale S.A. stock attractive at the current price?
The data as of Nov 10, 2026: price €65.86, calculated fair value €72.98 (+11%), Quality Score 50/100, 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 GLE calculated?
We run Societe Generale S.A. through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of €72.98 builds on their evidence-weighted average, 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 13.7% above its aggregate fair value. Societe Generale S.A. currently trades 10% 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 Societe Generale S.A. (GLE)?
The closing price on Nov 9, 2026 was €65.86. Our model-based fair value is €72.98, about +11% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Societe Generale S.A. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. 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 Societe Generale S.A. (GLE) come from?
Earnings per share at Societe Generale S.A. grew +2.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.8 %, EBIT margin −10.8 %, tax rate +0.6 %, residual (interest, one-offs) +5.5 %. 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 Societe Generale S.A.
How large is the market capitalisation of Societe Generale S.A. (GLE)?
The market capitalisation of Societe Generale S.A. is €48.9B. 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 Societe Generale S.A. (GLE)?
The price-to-sales ratio of Societe Generale S.A. is 2.07 (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 Societe Generale S.A. (GLE)?
Earnings per share at Societe Generale S.A. are €8.07 (price ÷ EPS = P/E 8.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Societe Generale S.A. (GLE)?
The dividend yield of Societe Generale S.A. is 2.7% (payout 21.7%). 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 Societe Generale S.A. (GLE)?
The net margin of Societe Generale S.A. is 25.6% (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 Societe Generale S.A. (GLE)?
The return on equity (ROE) of Societe Generale S.A. is 9.6% (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 Societe Generale S.A. (GLE)?
On an EBIT basis the return on assets of Societe Generale S.A. 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 Societe Generale S.A. (GLE)?
The operating margin of Societe Generale S.A. is 39.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Societe Generale S.A. (GLE)?
Revenue at Societe Generale S.A. is growing +7.6% versus a year earlier (3y avg +50.0%). 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 Societe Generale S.A. (GLE)?
Earnings per share at Societe Generale S.A. are growing +31.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Societe Generale S.A. (GLE) generate?
The free cash flow of Societe Generale S.A. is −€29.0B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Societe Generale S.A. (GLE) hold?
Societe Generale S.A. holds more cash than debt, €28.1B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 10, 2026