Standard Bank Group Ltd (SBK) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Standard Bank Group Ltd stock ZAR 254, price ZAR 312, that is 18.5% below the price, quality 62 out of 100. Rating: 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 R85.09 – R327.17 · fair‑value band R173.77 – R343.89 · the R312.09 price screens above the R254.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Standard Bank Group Limited provides financial products and services in South Africa and internationally.
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It offers a range of onshore and offshore savings and investment; home and personal loans; forex solutions; transactional banking, including digital wallets, cards, payment and transfer platforms; private and digital banking; forex solutions; vehicle and asset finance; credit cards; and insurance solutions.
The company also provides transactional banking; business lending; commercial asset finance; merchant, trade, fleet, and business solar solutions; specific solutions for clients in various sectors, such as agriculture, manufacturing, healthcare, and tourism; app and internet banking; international payments and forex; alternative funding options; and business resources and insurance.
In addition, it offers advisory, transactional, trading, risk management, and funding solutions; and long and short-term insurance, health insurance, and asset management. Further, the company engages in trust or other fiduciary activities.
The company was founded in 1862 and is headquartered in Johannesburg, South Africa.
Stock analysis
Standard Bank Group Ltd (SBK) currently trades at R312.09, while our model-based Fair Value estimate is R254.40, 18% 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 R318.01 per share, and 1 of the 6 models we run sit above the R312.09 price.
Bear case: the Asset-Based group reads lowest at R107.61, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: R173.77 (bear) to R343.89 (bull), the price of R312.09 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 62/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Standard Bank Group Ltd reported revenue of 373B ZAR in FY2025 versus 133B ZAR in FY2021, a compound +29.5%/yr. Reported net income was 51.2B ZAR in FY2025, compounding +18.8%/yr from FY2021.
Key figures
Market cap 511B ZAR Large · P/E ratio 9.9 · P/S ratio 2.75 · EPS (TTM) R31.43 · Dividend yield 5.7% · Net margin 28.9% · Return on equity 19.0% · Return on assets (EBIT) 2.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 76 out of 100 (medium confidence).
What moves the price
The share trades about 5% below its 52-week high and 26% 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 −18%, SBK screens cheaper than that median.
Fair Value models
BearR173.77Fair Value R254.40BullR343.89
Price R312.09 · Downside -18.5%
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 (11.69 ZAR 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+38.8%
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.
+33.6%
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.
+27.5%
Start year 2020 (pandemic). Over 10 years: +12.5% a year
Revenue growth 23 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.
+13.6%
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What shareholders gained per year (last 5 years), in ZAR ⓘ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. Measured in ZAR: 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.
+0.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.2%
Dividend (yield on the price)5.7%
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.14.2% vs 8.4%, picking up
Profit margin 2018 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.96% → 22%
News mood ⓘNews mood, the average tone of recent news (50 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.Negative
Recent news coverage is more negative than average.
Compare Standard Bank Group Ltd with another stock
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 · 996 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−18.5% · Above median
Profitability
Return on equity (12 months)19.0% · Top 25%
Return on assets1.4% · Top 25%
Net margin (12 months)28.9% · Below median
Operating margin (12 months)42.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)6.1% · Below median
Dividend yield (12 months)5.7% · Top 25%
Balance sheet
Debt / equity0.09× · Lowest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)9.9× · Cheaper than median
P/B1.89× · Priciest 25%
P/S (12 months)2.75× · Cheaper than median
Price / free cash flow (fiscal year)7.5× · Cheaper than median
EV/EBITDA4.5× · Cheapest 25%
PEG65.37× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)9· sector 8
FUTURE (revenue growth)31· sector 47
PAST (return on equity)76· sector 43
HEALTH (low debt)–
DIVIDEND (yield)100· 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). "Standard Bank Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SBK
Frequently asked questions
Is Standard Bank Group Ltd (SBK) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of R254.40 versus a price of R312.09, about 18% lower (overvalued).
What is the fair value of SBK?
Our model-based fair value for Standard Bank Group Ltd is R254.40 (as of Nov 9, 2026), built from audited fundamentals. The current price: R312.09.
What is the quality score of SBK?
Standard Bank Group Ltd has a Quality Score of 62/100. 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 Standard Bank Group Ltd (SBK)?
Our model-based price target is the fair value of R254.40 (as of Nov 9, 2026) from 6 valuation models. Cautious scenario R173.77, optimistic scenario R343.89. It is a calculation from audited fundamentals, not an analyst target.
What is the Standard Bank Group Ltd stock forecast for 2026?
Our models put fair value at R254.40, about 18% lower versus a price of R312.09 (overvalued). Cautious scenario R173.77, optimistic scenario R343.89. The calculation is refreshed regularly with new filings.
What is the revenue of Standard Bank Group Ltd (SBK)?
Standard Bank Group Ltd reported trailing-twelve-month revenue of about 186B ZAR (latest available figure, as of Nov 9, 2026).
Does Standard Bank Group Ltd pay a dividend?
Standard Bank Group Ltd currently shows a dividend yield of 5.70% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Standard Bank Group Ltd (SBK) and when is the ex-dividend date?
Standard Bank Group Ltd pays a dividend of R17.80 per share a year, a dividend yield of 5.7%. The last ex-dividend date was Sep 9, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 56.6% 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 Standard Bank Group Ltd (SBK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Standard Bank Group Ltd it is R254.40 per share (as of Nov 9, 2026), against a price of R312.09. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Standard Bank Group Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, SBK trades above its calculated fair value: price R312.09, fair value R254.40, a gap of about −18% (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 SBK?
No. The price is what the market pays today (R312.09); the fair value is what the company's own numbers justify (R254.40). For Standard Bank Group Ltd the two are R57.69 per share apart. That gap is exactly why we show both numbers side by side.
How much is Standard Bank Group Ltd worth?
The market values Standard Bank Group Ltd at about 511B ZAR (market capitalisation, as of Nov 9, 2026). Per share that is R312.09; our models calculate a fair value of R254.40 per share.
What do the bullish and bearish scenarios say about SBK?
Our models span a range for Standard Bank Group Ltd: cautious scenario R173.77, base R254.40, optimistic R343.89 per share (as of Nov 9, 2026, price R312.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SBK?
Standard Bank Group Ltd trades at a price-to-earnings ratio of 9.9 (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 R254.40 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 10.2. Other multiples: PEG 65.4, P/B 1.9, P/S 2.8, EV/EBITDA 4.5.
What is the PEG ratio of SBK?
The PEG ratio of Standard Bank Group Ltd is 65.37 (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 Standard Bank Group Ltd (SBK)?
Balance-sheet figures for Standard Bank Group Ltd (as of Nov 9, 2026): return on equity 19.0%, debt of 0.09 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is SBK from its 52-week high?
Standard Bank Group Ltd trades at R312.09, about 5% below its 52-week high of R327.17 and 26% above the low of R247.81 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of R254.40 is for.
Which stocks are comparable to Standard Bank Group Ltd?
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 Standard Bank Group Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price R312.09, calculated fair value R254.40 (−18%), Quality Score 62/100, 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 SBK calculated?
We run Standard Bank Group Ltd through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of R254.40 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. Standard Bank Group Ltd 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 Standard Bank Group Ltd (SBK)?
The closing price on Nov 9, 2026 was R312.09. Our model-based fair value is R254.40, about 18% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Standard Bank Group Ltd right now?
Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (R173.77 to R343.89) leaves room in how you read the outcome. 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 Standard Bank Group Ltd (SBK) come from?
Earnings per share at Standard Bank Group Ltd grew +6.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.6 %, EBIT margin −0.5 %, tax rate −0.3 %, residual (interest, one-offs) −2.2 %. 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 Standard Bank Group Ltd
How large is the market capitalisation of Standard Bank Group Ltd (SBK)?
The market capitalisation of Standard Bank Group Ltd is 511B ZAR. 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 Standard Bank Group Ltd (SBK)?
The price-to-sales ratio of Standard Bank Group Ltd is 2.75 (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 Standard Bank Group Ltd (SBK)?
Earnings per share at Standard Bank Group Ltd are R31.43 (price ÷ EPS = P/E 9.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Standard Bank Group Ltd (SBK)?
The dividend yield of Standard Bank Group Ltd is 5.7% (payout 56.6%). 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 Standard Bank Group Ltd (SBK)?
The net margin of Standard Bank Group Ltd is 28.9% (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 Standard Bank Group Ltd (SBK)?
The return on equity (ROE) of Standard Bank Group Ltd is 19.0% (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 Standard Bank Group Ltd (SBK)?
On an EBIT basis the return on assets of Standard Bank Group Ltd is 2.3% (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 Standard Bank Group Ltd (SBK)?
The operating margin of Standard Bank Group Ltd is 42.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Standard Bank Group Ltd (SBK)?
Revenue at Standard Bank Group Ltd is growing +6.1% versus a year earlier (3y avg +33.6%). 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 Standard Bank Group Ltd (SBK)?
Earnings per share at Standard Bank Group Ltd are growing +10.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Standard Bank Group Ltd (SBK) generate?
The free cash flow of Standard Bank Group Ltd is 68.3B ZAR (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 Standard Bank Group Ltd (SBK) carry?
The net debt of Standard Bank Group Ltd is 148B ZAR (fiscal year 2025, ≈ 2.2 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