Kiatnakin Phatra Bank Public Company Limited (KKP) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kiatnakin Phatra Bank Public Company Limited stock THB 67.98, price THB 113, that is 39.6% below the price, quality 60 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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 9, 2026.
How to read this chart
60‑month range 31.03 THB – 121.00 THB · fair‑value band 62.75 THB – 93.64 THB · the 112.50 THB price screens above the 67.98 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Kiatnakin Phatra Bank Public Company Limited, together with its subsidiaries, provides various banking products and services for individual, business, corporate, and institution clients in Thailand.
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It operates through Commercial Banking Business, Capital Market Business, and Debt Restructuring segments.
The company offers savings and current accounts, and fixed and foreign currency deposits; auto, personal, and home loans; life, health, and other insurance products; wealth invest link products; debit cards; digital banking, foreign exchange, and other services; and investment products.
It also provides business banking products, including welfare packages; asset services; and real estate, apartment and hotel, and specialized industrial lending services.
In addition, the company offers SME business loans; letters of guarantee; and car auction, PromptPay for legal entities, collection, payment, payroll, e-withholding tax, and other e-banking services.
The company was formerly known as Kiatnakin Bank Public Company Limited and changed its name to Kiatnakin Phatra Bank Public Company Limited in August 2020. Kiatnakin Phatra Bank Public Company Limited was founded in 1971 and is headquartered in Bangkok, Thailand.
Stock analysis
Kiatnakin Phatra Bank Public Company Limited (KKP) currently trades at 112.50 THB, while our model-based Fair Value estimate is 67.98 THB, 40% 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 83.66 THB per share, and 0 of the 6 models we run sit above the 112.50 THB price.
Bear case: the Asset-Based group reads lowest at 46.68 THB, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: 62.75 THB (bear) to 93.64 THB (bull), the price of 112.50 THB 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 60/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Kiatnakin Phatra Bank Public Company Limited reported revenue of 33.5B THB in FY2025 versus 26.5B THB in FY2021, a compound +6.0%/yr. Reported net income was 5.9B THB in FY2025, compounding −1.6%/yr from FY2021.
Key figures
Market cap 94.7B THB (≈ $2.8B) Mid · P/E ratio 12.4 · P/S ratio 3.93 · EPS (TTM) 9.08 THB · Dividend yield 6.6% · Net margin 34.2% · Return on equity 12.6% · Return on assets (EBIT) 1.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 92% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −40%, KKP screens richer than that median.
Fair Value models
Bear62.75 THBFair Value 67.98 THBBull93.64 THB
Price 112.50 THB · Downside -39.6%
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 (1.40 THB 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.81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.6%
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.
+3.1%
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.
+5.8%
Start year 2020 (pandemic). Over 10 years: +5.3% a year
Revenue growth 25 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.
+6.1%
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What shareholders gained per year (last 5 years), in THB ⓘ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. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+6.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.2%
Dividend (yield on the price)6.6%
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.0.2% vs 6.2%, slowing
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.26% → 22%
Compare Kiatnakin Phatra Bank Public Company Limited with another stock
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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 · 996 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside−39.6% · Bottom 25%
Profitability
Return on equity (12 months)12.6% · Above median
Return on assets1.2% · Above median
Net margin (12 months)34.2% · Above median
Operating margin (12 months)49.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)16.5% · Above median
Dividend yield (12 months)6.6% · Top 25%
Balance sheet
Debt / equity0.43× · Above median
Valuation Multiplesvs Banks - Regional 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). "Kiatnakin Phatra Bank Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/KKP
Frequently asked questions
Is Kiatnakin Phatra Bank Public Company Limited (KKP) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 67.98 THB versus a price of 112.50 THB, about 40% lower (overvalued).
What is the fair value of KKP?
Our model-based fair value for Kiatnakin Phatra Bank Public Company Limited is 67.98 THB (as of Nov 9, 2026), built from audited fundamentals. The current price: 112.50 THB.
What is the quality score of KKP?
Kiatnakin Phatra Bank Public Company Limited has a Quality Score of 60/100. 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 Kiatnakin Phatra Bank Public Company Limited (KKP)?
Our model-based price target is the fair value of 67.98 THB (as of Nov 9, 2026) from 6 valuation models. Cautious scenario 62.75 THB, optimistic scenario 93.64 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Kiatnakin Phatra Bank Public Company Limited stock forecast for 2026?
Our models put fair value at 67.98 THB, about 40% lower versus a price of 112.50 THB (overvalued). Cautious scenario 62.75 THB, optimistic scenario 93.64 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Kiatnakin Phatra Bank Public Company Limited (KKP)?
Kiatnakin Phatra Bank Public Company Limited reported trailing-twelve-month revenue of about 24.1B THB (latest available figure, as of Nov 9, 2026).
Does Kiatnakin Phatra Bank Public Company Limited pay a dividend?
Kiatnakin Phatra Bank Public Company Limited currently shows a dividend yield of 6.62% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Kiatnakin Phatra Bank Public Company Limited (KKP) and when is the ex-dividend date?
Kiatnakin Phatra Bank Public Company Limited pays a dividend of 7.45 THB per share a year, a dividend yield of 6.6%. The last ex-dividend date was Sep 9, 2026. A dividend has been paid every year since 2001. The payout ratio is 82.0% of earnings. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What is the intrinsic value of Kiatnakin Phatra Bank Public Company Limited (KKP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kiatnakin Phatra Bank Public Company Limited it is 67.98 THB per share (as of Nov 9, 2026), against a price of 112.50 THB. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Kiatnakin Phatra Bank Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 9, 2026, KKP trades above its calculated fair value: price 112.50 THB, fair value 67.98 THB, a gap of about −40% (overvalued). 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 KKP?
No. The price is what the market pays today (112.50 THB); the fair value is what the company's own numbers justify (67.98 THB). For Kiatnakin Phatra Bank Public Company Limited the two are 44.52 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Kiatnakin Phatra Bank Public Company Limited worth?
The market values Kiatnakin Phatra Bank Public Company Limited at about 94.7B THB (market capitalisation, as of Nov 9, 2026). Per share that is 112.50 THB; our models calculate a fair value of 67.98 THB per share.
What do the bullish and bearish scenarios say about KKP?
Our models span a range for Kiatnakin Phatra Bank Public Company Limited: cautious scenario 62.75 THB, base 67.98 THB, optimistic 93.64 THB per share (as of Nov 9, 2026, price 112.50 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KKP?
Kiatnakin Phatra Bank Public Company Limited trades at a price-to-earnings ratio of 12.4 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 67.98 THB is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 8.9. Other multiples: PEG 1.1, P/B 1.5, P/S 3.9, EV/EBITDA 15.9.
What is the PEG ratio of KKP?
The PEG ratio of Kiatnakin Phatra Bank Public Company Limited is 1.09 (P/E divided by earnings growth, as of Nov 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Kiatnakin Phatra Bank Public Company Limited (KKP)?
Balance-sheet figures for Kiatnakin Phatra Bank Public Company Limited (as of Nov 9, 2026): return on equity 12.6%, debt of 0.43 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is KKP from its 52-week high?
Kiatnakin Phatra Bank Public Company Limited trades at 112.50 THB, about 7% below its 52-week high of 121.00 THB and 92% above the low of 58.60 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 67.98 THB is for.
Which stocks are comparable to Kiatnakin Phatra Bank Public Company Limited?
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 Kiatnakin Phatra Bank Public Company Limited stock attractive at the current price?
The data as of Nov 9, 2026: price 112.50 THB, calculated fair value 67.98 THB (−40%), Quality Score 60/100, 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 KKP calculated?
We run Kiatnakin Phatra Bank Public Company Limited through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 67.98 THB 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 13.3% above its aggregate fair value. Kiatnakin Phatra Bank Public Company Limited itself currently trades above fair value. 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 Kiatnakin Phatra Bank Public Company Limited (KKP)?
The closing price on Nov 6, 2026 was 112.50 THB. Our model-based fair value is 67.98 THB, about 40% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kiatnakin Phatra Bank Public Company Limited right now?
The price sits above even our optimistic bull case (93.64 THB). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. 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 Kiatnakin Phatra Bank Public Company Limited (KKP) come from?
Earnings per share at Kiatnakin Phatra Bank Public Company Limited grew +4.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.6 %, EBIT margin −0.9 %, tax rate −0.8 %, residual (interest, one-offs) +0.1 %. 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 Kiatnakin Phatra Bank Public Company Limited
How large is the market capitalisation of Kiatnakin Phatra Bank Public Company Limited (KKP)?
The market capitalisation of Kiatnakin Phatra Bank Public Company Limited is 94.7B THB (≈ $2.8B). 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 Kiatnakin Phatra Bank Public Company Limited (KKP)?
The price-to-sales ratio of Kiatnakin Phatra Bank Public Company Limited is 3.93 (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 Kiatnakin Phatra Bank Public Company Limited (KKP)?
Earnings per share at Kiatnakin Phatra Bank Public Company Limited are 9.08 THB (price ÷ EPS = P/E 12.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kiatnakin Phatra Bank Public Company Limited (KKP)?
The dividend yield of Kiatnakin Phatra Bank Public Company Limited is 6.6% (payout 82.0%). 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 Kiatnakin Phatra Bank Public Company Limited (KKP)?
The net margin of Kiatnakin Phatra Bank Public Company Limited is 34.2% (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 Kiatnakin Phatra Bank Public Company Limited (KKP)?
The return on equity (ROE) of Kiatnakin Phatra Bank Public Company Limited is 12.6% (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 Kiatnakin Phatra Bank Public Company Limited (KKP)?
On an EBIT basis the return on assets of Kiatnakin Phatra Bank Public Company Limited is 1.5% (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 Kiatnakin Phatra Bank Public Company Limited (KKP)?
The operating margin of Kiatnakin Phatra Bank Public Company Limited is 49.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kiatnakin Phatra Bank Public Company Limited (KKP)?
Revenue at Kiatnakin Phatra Bank Public Company Limited is growing +16.5% versus a year earlier (3y avg +3.1%). 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 Kiatnakin Phatra Bank Public Company Limited (KKP)?
Earnings per share at Kiatnakin Phatra Bank Public Company Limited are growing +36.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kiatnakin Phatra Bank Public Company Limited (KKP) generate?
The free cash flow of Kiatnakin Phatra Bank Public Company Limited is 16.7B THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Kiatnakin Phatra Bank Public Company Limited (KKP) carry?
The net debt of Kiatnakin Phatra Bank Public Company Limited is 27.1B THB (fiscal year 2025, ≈ 1.6 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 9, 2026