Kasikornbank Public Company Limited (KBANK) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Kasikornbank Public Company Limited stock THB 220, price THB 247, that is 11.0% below the price, quality 67 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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Kasikornbank Public Company Limited
KBANK · BKOur calculation puts a fair price 11% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 82.96 THB – 258.00 THB · fair‑value band 170.88 THB – 284.79 THB · the 247.00 THB price screens above the 219.77 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Company profile
Kasikornbank Public Company Limited, together with its subsidiaries, provides commercial banking products and services in Thailand and internationally.
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The company operates through four segments: Corporate Business; Retail Business; Treasury and Investment, Capital Markets Business and World Business Group; and Muang Thai Group Holding Business.
It offers e-savings, savings, fixed deposit, current, and foreign currency deposit accounts; debit and credit cards, as well as Xpress cash; personal, home, and auto loans, as well as property for sale; mutual funds, stocks, debentures/bonds, and derivatives/futures exchange; accident, health, critical illness, travel, savings, retirement and endowment, life insurance and inheritance, car, insurance for tax deduction, and other insurance products; digital banking and e-wallet; bill payment, money and global money transfers, and PromptPay; cash management, including cheques and drafts, as well as foreign exchange; alert services; and other financial services.
The company also provides working capital, commercial loan, and letter of indemnity; international trade finance, international guarantee, and green solutions; payment, collection, liquidity management, and online merchant solutions; electronic payment application; e-tax invoice and receipt; import and export service solutions; various channels in overseas; corporate finance, securities, and investment; business accounts and cards; life, non-life, and group insurance; electronic service solution; fx and derivatives; and other related services.
In addition, it engages in funding; centralized risk management; liquid assets investments; financial instruments; and foreign currency exchange, as well as brokerage business.
The company was formerly known as Thai Farmers Bank Public Company Limited and changed its name to Kasikornbank Public Company Limited in April 2003. Kasikornbank Public Company Limited was founded in 1945 and is headquartered in Bangkok, Thailand.
Stock analysis
Kasikornbank Public Company Limited (KBANK) currently trades at 247.00 THB, while our model-based Fair Value estimate is 219.77 THB, 11% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 219.77 THB per share, and 1 of the 6 models we run sit above the 247.00 THB price.
Bear case: the Asset-Based group reads lowest at 155.43 THB, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: 170.88 THB (bear) to 284.79 THB (bull), the price of 247.00 THB 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 67/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kasikornbank Public Company Limited reported revenue of 231B THB in FY2025 versus 179B THB in FY2021, a compound +6.6%/yr. Reported net income was 49.6B THB in FY2025, compounding +6.8%/yr from FY2021.
Key figures
Market cap 581B THB (≈ $17.3B) Large · P/E ratio 11.6 · P/S ratio 3.77 · EPS (TTM) 21.21 THB · Dividend yield 4.0% · Net margin 33.0% · Return on equity 8.5% · Return on assets (EBIT) 1.3%.
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 4% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at −11%, KBANK 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
KBANK screens overvalued: fair value 11% below the price. Compare with China Merchants Bank Co →
Compare Kasikornbank Public Company Limited 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 · 1002 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EBIT margin by industry
- P/S ratio by industry
- Piotroski F-Score screener with fair value
- Valuation of the Thailand 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 | ¥5.52 | ¥7.59 | +38% | vs KBANK |
| China Merchants Bank Co 600036 | ¥42.54 | ¥52.73 | +24% | vs KBANK |
| BNP Paribas SA BNP | €91.94 | €106.01 | +15% | vs KBANK |
| Intesa Sanpaolo S.p.A ISP | €6.27 | €4.59 | −27% | vs KBANK |
| UniCredit S.p.A UCG | €77.18 | €50.44 | −35% | vs KBANK |
| Oversea-Chinese Banking Corporation O39 | 27.93 SGD | 18.20 SGD | −35% | vs KBANK |
| Mizuho Financial Group MFG | $9.39 | $5.90 | −37% | vs KBANK |
| DBS Group D05 | 71.20 SGD | 40.39 SGD | −43% | vs KBANK |
| HDFC Bank Limited HDFCBANK | ₹760.00 | ₹406.39 | −47% | vs KBANK |
| ICICI Bank Limited ICICIBANK | ₹1,500 | ₹615.63 | −59% | vs KBANK |
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Key figures of Kasikornbank Public Company Limited
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