Banco de Sabadell S.A (SAB) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Banco de Sabadell S.A stock €3.11, price €3.60, that is 13.7% 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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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 €0.3656 – €3.76 · fair‑value band €2.33 – €3.88 · the €3.60 price screens above the €3.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Banco de Sabadell, S.A. provides banking products and services in Spain, the United Kingdom, and Mexico.
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The company offers retail banking products, including investment products and medium- and long-term finance, such as consumer loans, mortgages, leasing and rental services, as well as other short-term finance; and cards and insurance products to individuals for personal use.
It also provides financial products and services comprising investment and financing products, which include working capital products, revolving loans, and medium- and long-term finance; and custom structured finance and capital market solutions, and specialized advice for businesses; and cards and PoS terminals, as well as import and export and personalized expert advice services to companies and self-employed persons.
In addition, the company offers corporate banking services consisting of financial and advisory solutions to large corporations and financial institutions; and structured finance, treasury, investment banking, trading, and custody and research services.
Further, it provides current and savings accounts, loans, credit cards, and mortgages; and banking and financial services for corporate and commercial banking. Banco de Sabadell, S.A. was founded in 1881 and is based in Sabadell, Spain.
Stock analysis
Banco de Sabadell S.A (SAB) currently trades at €3.60, while our model-based Fair Value estimate is €3.11, 14% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of €4.53 per share, and 3 of the 6 models we run sit above the €3.60 price.
Bear case: the Multiples group reads lowest at €1.30, and 3 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: €2.33 (bear) to €3.88 (bull), the price of €3.60 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.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Banco de Sabadell S.A reported revenue of €7.8B in FY2025 versus €4.1B in FY2021, a compound +17.6%/yr. Reported net income was €1.8B in FY2025, compounding +35.2%/yr from FY2021.
Key figures
Market cap €17.2B Large · P/E ratio 14.4 · P/S ratio 3.29 · EPS (TTM) €0.2500 · Dividend yield 8.3% · Net margin 22.8% · Return on equity 8.9% · Return on assets (EBIT) 0.7%.
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 42% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −18% fair-value upside, at −14%, SAB screens cheaper than that median.
Fair Value models
Bear€2.33Fair Value €3.11Bull€3.88
Price €3.60 · Downside -13.7%
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 (€0.2116 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.76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+36.1%
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.
+21.4%
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.
+6.1%
Start year 2020 (pandemic)
Revenue growth 6 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.
+6.2%
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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.
+35.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.5%
Dividend (yield on the price)8.3%
Per share before 2019divided by the spin-off factor 1.0151
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.27.5% vs 9.7%, picking up
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.−2% → 27%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+20.0%
Yearly growth needed for the next five years to justify today's price.
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.
−5.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +17.4% a year for the price and −7.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 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.Very negative
AI conclusion: Moderate positioning with typical bank metrics forms the main strength, while thin public signals of durable advantage across categories represent the key weakness.
Main risk: Named digital banks such as Revolut, N26, Trade Republic and Monzo could attract daily banking and savings customers from traditional banks like Sabadell with lower fees and better apps, squeezing deposit margins and fees.
Bull case: By enhancing its digital platforms and leveraging the BPCE partnership for broader services, Sabadell could retain full customer relationships and expand in corporate banking.
Bear case: If neobanks capture more primary banking relationships, Sabadell might see reduced volumes in retail deposits and payments, pressuring its Spanish SME-focused model.
Banco Sabadell has brought in a friendly 7% stake from France's BPCE, which plans board representation and joint work on corporate banking plus consumer credit by early 2027. Our models see the stock as undervalued. Will the tie-up mainly bolster its Spanish SME focus and stability, or pull attention toward broader European priorities?
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 - Diversified · 46 stocks
Beats the industry median on 8/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−13.7% · Above median
Profitability
Return on equity (12 months)8.9% · Bottom 25%
Return on assets0.7% · Above median
Net margin (12 months)41.6% · Top 25%
Operating margin (12 months)51.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−15.1% · Bottom 25%
Dividend yield (12 months)8.3% · Top 25%
Balance sheet
Debt / equity1.76× · Above 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). "Banco de Sabadell S.A Fair Value". https://www.fairvalue-calculator.com/stock/SAB
Frequently asked questions
Is Banco de Sabadell S.A (SAB) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of €3.11 versus a price of €3.60, about 14% lower (overvalued).
What is the fair value of SAB?
Our model-based fair value for Banco de Sabadell S.A is €3.11 (as of Nov 3, 2026), built from audited fundamentals. The current price: €3.60.
What is the quality score of SAB?
Banco de Sabadell S.A has a Quality Score of 67/100. 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 Banco de Sabadell S.A (SAB)?
Our model-based price target is the fair value of €3.11 (as of Nov 3, 2026) from 6 valuation models. Cautious scenario €2.33, optimistic scenario €3.88. It is a calculation from audited fundamentals, not an analyst target.
What is the Banco de Sabadell S.A stock forecast for 2026?
Our models put fair value at €3.11, about 14% lower versus a price of €3.60 (overvalued). Cautious scenario €2.33, optimistic scenario €3.88. The calculation is refreshed regularly with new filings.
What is the revenue of Banco de Sabadell S.A (SAB)?
Banco de Sabadell S.A reported trailing-twelve-month revenue of about €4.2B (latest available figure, as of Nov 3, 2026).
Does Banco de Sabadell S.A pay a dividend?
Banco de Sabadell S.A currently shows a dividend yield of 8.31% relative to its recent price (as of Nov 3, 2026).
What growth is priced into Banco de Sabadell S.A (SAB)?
For today's price to be fair in a discounted-cash-flow model, Banco de Sabadell S.A would have to grow free cash flow by +20.0 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.1 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of SAB use?
Our models discount Banco de Sabadell S.A at 9.3 %: a base by market capitalisation (large), damped by beta 0.51, country premium for Spain. 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 Banco de Sabadell S.A that is +20.0 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Banco de Sabadell S.A (SAB) delivered so far?
Over the past 5 years revenue at Banco de Sabadell S.A grew +6.1 % a year. The price currently implies +20.0 % 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 Banco de Sabadell S.A (SAB) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into Banco de Sabadell S.A (+20.0 % 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 Banco de Sabadell S.A (SAB)?
The free-cash-flow yield on the price is 8.01 %: that much free cash flow Banco de Sabadell S.A produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Banco de Sabadell S.A (SAB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Banco de Sabadell S.A it is €3.11 per share (as of Nov 3, 2026), against a price of €3.60. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Banco de Sabadell S.A stock overvalued or undervalued in 2026?
As of Nov 3, 2026, SAB trades above its calculated fair value: price €3.60, fair value €3.11, a gap of about −14% (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 SAB?
No. The price is what the market pays today (€3.60); the fair value is what the company's own numbers justify (€3.11). For Banco de Sabadell S.A the two are €0.4940 per share apart. That gap is exactly why we show both numbers side by side.
How much is Banco de Sabadell S.A worth?
The market values Banco de Sabadell S.A at about €17.2B (market capitalisation, as of Nov 3, 2026). Per share that is €3.60; our models calculate a fair value of €3.11 per share.
What do the bullish and bearish scenarios say about SAB?
Our models span a range for Banco de Sabadell S.A: cautious scenario €2.33, base €3.11, optimistic €3.88 per share (as of Nov 3, 2026, price €3.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SAB?
Banco de Sabadell S.A trades at a price-to-earnings ratio of 14.4 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €3.11 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 6.2. Other multiples: PEG 4.4, P/B 1.4, P/S 4.6, EV/EBITDA 6.2.
What is the PEG ratio of SAB?
The PEG ratio of Banco de Sabadell S.A is 4.40 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Banco de Sabadell S.A (SAB)?
Balance-sheet figures for Banco de Sabadell S.A (as of Nov 3, 2026): return on equity 8.9%, debt of 1.76 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is SAB from its 52-week high?
Banco de Sabadell S.A trades at €3.60, about 4% below its 52-week high of €3.76 and 42% above the low of €2.54 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of €3.11 is for.
Which stocks are comparable to Banco de Sabadell S.A?
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 Banco de Sabadell S.A stock attractive at the current price?
The data as of Nov 3, 2026: price €3.60, calculated fair value €3.11 (−14%), Quality Score 67/100, 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 SAB calculated?
We run Banco de Sabadell S.A 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 €3.11, 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. Banco de Sabadell S.A 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 Banco de Sabadell S.A (SAB)?
The closing price on Nov 5, 2026 was €3.60. Our model-based fair value is €3.11, about 14% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Banco de Sabadell S.A right now?
Solid but not exceptional quality (67/100) 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 Banco de Sabadell S.A (SAB) come from?
Earnings per share at Banco de Sabadell S.A grew +11.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.6 %, EBIT margin +11.3 %, tax rate −1.2 %, 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 Banco de Sabadell S.A
How large is the market capitalisation of Banco de Sabadell S.A (SAB)?
The market capitalisation of Banco de Sabadell S.A is €17.2B. 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 Banco de Sabadell S.A (SAB)?
The price-to-sales ratio of Banco de Sabadell S.A is 3.29 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Banco de Sabadell S.A (SAB)?
Earnings per share at Banco de Sabadell S.A are €0.2500 (price ÷ EPS = P/E 14.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Banco de Sabadell S.A (SAB)?
The dividend yield of Banco de Sabadell S.A is 8.3% (payout 120%). 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 Banco de Sabadell S.A (SAB)?
The net margin of Banco de Sabadell S.A is 22.8% (fiscal year 2025). 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 Banco de Sabadell S.A (SAB)?
The return on equity (ROE) of Banco de Sabadell S.A is 8.9% (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 Banco de Sabadell S.A (SAB)?
On an EBIT basis the return on assets of Banco de Sabadell S.A is 0.7% (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 Banco de Sabadell S.A (SAB)?
The operating margin of Banco de Sabadell S.A is 51.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Banco de Sabadell S.A (SAB)?
Revenue at Banco de Sabadell S.A is growing −15.1% versus a year earlier (3y avg +21.4%). 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 Banco de Sabadell S.A (SAB)?
Earnings per share at Banco de Sabadell S.A are growing +4.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Banco de Sabadell S.A (SAB) carry?
The net debt of Banco de Sabadell S.A is €13.9B (fiscal year 2025, ≈ 10.1 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 3, 2026