Ping An Bank Co Ltd (000001) fair value: what the stock is really worth
We calculate from audited financials what Ping An Bank Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
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Below-average quality, trading 50% below our fair value of ¥23.78.
As of Sep 5, 2026, the fair value of Ping An Bank Co Ltd is ¥23.78 per share against a price of ¥11.85, so the fair value sits 101% above the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y −1.1 %/yr)
✓Highly profitable · 46.8% net margin
!Moderate debt · negative free cash flow
·5.03% dividend yield
✓Ranks above peers (9/14)
!Moderate moat 62/100
!Weak on future: 20 out of 100
Evidence: HighRange ¥17.83 to ¥29.72
Fair value as of: Sep 5, 2026
From 6 valuation models · updated 6 days ago
Fair value updated Sep 5, 2026, revised from ¥22.20 to ¥23.78 (+7.1%) since Aug 18, 2026. Share price +5.2% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
The price is below even our cautious bear case (¥17.83). The market is more pessimistic than our downside scenario.
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.
How to read this chart
60‑month range ¥7.59 – ¥20.14 · fair‑value band ¥17.83 – ¥29.72 · the ¥11.85 price screens below the ¥23.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.
Ping An Bank Co Ltd (000001) currently trades at ¥11.85, while our model-based Fair Value estimate is ¥23.78, implying the stock looks roughly 50.2% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Financial Services sector. Bull case: the Multiples group reads highest at a median of ¥28.56 per share, and 6 of the 6 models we run sit above the ¥11.85 price. Bear case: the Dividend Discount group reads lowest at ¥12.52, and 0 of the 6 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Ping An Bank Co Ltd generated revenue of 92.1B CNY at a net margin of 46.8%. Revenue grew 3.9% year over year. It earns a return on equity of 8.2%. Net debt stands at 1.3T CNY. Fundamentals as of Sep 5, 2026
Scenario range: ¥17.83 (bear) to ¥29.72 (bull), the price of ¥11.85 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 9% below its 52-week high and 14% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −13% fair-value upside, at 101%, 000001 screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (¥1.06 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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.Evidence
Highest evidence
Residual Income best evidence¥21.15¥23.27¥34.5376
DDM Multi-Stage¥7.00¥12.52¥15.9366
Gordon GGM¥7.00¥15.28¥25.7265
All 6 models by family
Dividend Discount
Gordon GGM¥7.00¥15.28¥25.7265
DDM Multi-Stage¥7.00¥12.52¥15.9366
Multiples
P/E Multiple¥21.42¥28.56¥35.7063
P/B Multiple¥25.49¥33.99¥42.4955
Asset-Based
NCAV (Graham)¥12.14¥16.27¥24.2854
Economic Profit
Residual Income best evidence¥21.15¥23.27¥34.5376
Widest divergence: Multiples (¥28.56) versus Dividend Discount (¥12.52). Highest evidence: Residual Income (76).
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Key figures & financial health
P/E ratio5.6
P/S ratio1.05P/E × margin
EPS (TTM)¥2.12price ÷ EPS = P/E 5.6
Dividend yield5.0%payout 28.1%
Net margin18.7%FY2025
Return on equity8.2%TTM
More key figures
Profitability
Return on assets (EBIT)1.0%avg 5y
Operating margin63.7%TTM
Growth
Revenue (TTM)92.1B CNYTTM
Revenue growth (YoY)+3.9%3y avg −6.5%
EPS growth (YoY)+8.1%
Balance sheet & cash flow
Free cash flow−31.3B CNYFY2025
Net debt1.3T CNYFY2025
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality44/100
Of which business quality 35
· Market factors (momentum, volatility) 65
Profitability29
Margins and returns on capital today
Quality Growth30
Are margins and returns improving?
Cashflow0
Earnings quality: real cash, not paper profit
Fin. Strength14
Balance sheet, leverage, solvency risk
Investment89
Disciplined investing over empire-building
Low Volatility95
Calm price path (market factor)
Momentum48
Price trend over the last 3–12 months (market factor)
52W Momentum62
Distance to the 52-week high (market factor)
Net Issuance92
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Ping An Bank Co., Ltd. provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally. The company operates through three segments: Wholesale Financial Services, Retail Financial Services, and Other Businesses.
Full company description
Ping An Bank Co., Ltd. provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally. The company operates through three segments: Wholesale Financial Services, Retail Financial Services, and Other Businesses. It offers deposit products, including demand, time, call, negotiated, agreement, and margin deposits; foreign currency, corporate, and structured deposits. The company also provides loans, such as working capital, fixed asset, corporate fixed deposit certificate pledge, commercial property mortgage, syndicated, cross-border syndicated, real estate development, government platform, and cross-border working capital loans, as well as corporate client account overdraft, online banking revolving loans for small and medium-sized enterprises, offshore foreign exchange deposits, and offshore cross-border financing loans. In addition, it offers settlement, offshore, corporate finance, cash management, trade finance, custody, corporate e-banking, corporate intermediary, interbank, and wealth management services, as well as bank cards. The company was founded in 1987 and is headquartered in Shenzhen, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Ping An Bank Co Ltd reported revenue of 228B CNY in FY2025 versus 263B CNY in FY2021, a compound −3.5%/yr. Reported net income was 42.6B CNY in FY2025, compounding +4.1%/yr from FY2021.
Growth Quality 21/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
228B CNY
Latest YoY
−9.5%
Avg. revenue growth/yr (3Y) ⓘ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.
−6.5%
Avg. revenue growth/yr (5Y) ⓘ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.
−1.1%
Avg. revenue growth/yr (34Y) ⓘ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.
+21.1%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+13.1%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+8.1%
Dividend yield5.0%
Trend ⓘ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.5Y 8.1% vs 10Y 5.4%, steady
Operating margin (EBIT) ⓘ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.15.2% (2020) → 22.5% (2025) · rising
Worst earnings drop79% (2008) · in CNY
Revenue−3.5%/yr
FY21263B CNY
FY22278B CNY
FY23274B CNY
FY24252B CNY
FY25228B CNY
Net income+4.1%/yr
FY2136.3B CNY
FY2245.5B CNY
FY2346.5B CNY
FY2444.5B CNY
FY2542.6B CNY
Character of growth · EPS growth decomposed (2014-2025)+6.5 % p.a.
Revenue per share+3.6 %
of which total revenue +5.5 % · buybacks/dilution −1.8 %
EBIT margin+1.9 %
Tax rate+0.9 %
Residual (interest, one-offs)+0.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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.
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE100· sector 33
FUTURE20· sector 44
PAST33· sector 41
HEALTH43· sector 85
DIVIDEND100· sector 51
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
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Is Ping An Bank Co Ltd (000001) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of ¥23.78 versus a price of ¥11.85, about +101% upside (undervalued).
What is the fair value of 000001?
Our model-based fair value for Ping An Bank Co Ltd is ¥23.78 (as of Sep 5, 2026), built from audited fundamentals. The current price: ¥11.85.
What is the quality score of 000001?
Ping An Bank Co Ltd has a Quality Score of 44/100. 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 Ping An Bank Co Ltd (000001)?
Our model-based price target is the fair value of ¥23.78 (as of Sep 5, 2026) from 6 valuation models. Cautious scenario ¥17.83, optimistic scenario ¥29.72. It is a calculation from audited fundamentals, not an analyst target.
What is the Ping An Bank Co Ltd stock forecast for 2026?
Our models put fair value at ¥23.78, about +101% upside versus a price of ¥11.85 (undervalued). Cautious scenario ¥17.83, optimistic scenario ¥29.72. The calculation is refreshed regularly with new filings.
What is the revenue of Ping An Bank Co Ltd (000001)?
Ping An Bank Co Ltd reported trailing-twelve-month revenue of about 92.1B CNY (latest available figure, as of Sep 5, 2026).
What is the net profit margin of 000001?
The net profit margin of Ping An Bank Co Ltd is about 46.8%, meaning it keeps roughly 46.8% of revenue as net income. Based on the latest reported figures.
Does Ping An Bank Co Ltd pay a dividend?
Ping An Bank Co Ltd currently shows a dividend yield of about 5.03% relative to its recent price (as of Sep 5, 2026).
What is the intrinsic value of Ping An Bank Co Ltd (000001)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ping An Bank Co Ltd it is ¥23.78 per share (as of Sep 5, 2026), against a price of ¥11.85. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Ping An Bank Co Ltd stock overvalued or undervalued in 2026?
As of Sep 5, 2026, 000001 trades below its calculated fair value: price ¥11.85, fair value ¥23.78, a gap of about +101% (undervalued). 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 000001?
No. The price is what the market pays today (¥11.85); the fair value is what the company's own numbers justify (¥23.78). For Ping An Bank Co Ltd the two are ¥11.93 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ping An Bank Co Ltd worth?
The market values Ping An Bank Co Ltd at about 230B CNY (market capitalisation, as of Sep 5, 2026). Per share that is ¥11.85; our models calculate a fair value of ¥23.78 per share.
What do the bullish and bearish scenarios say about 000001?
Our models span a range for Ping An Bank Co Ltd: cautious scenario ¥17.83, base ¥23.78, optimistic ¥29.72 per share (as of Sep 5, 2026, price ¥11.85). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000001?
Ping An Bank Co Ltd trades at a price-to-earnings ratio of 5.6 (as of Sep 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥23.78 is built from several models across several years. Other multiples: PEG 0.9, P/B 0.5, P/S 2.3, EV/EBITDA 9.1.
What is the PEG ratio of 000001?
The PEG ratio of Ping An Bank Co Ltd is 0.90 (P/E divided by earnings growth, as of Sep 5, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Ping An Bank Co Ltd (000001)?
Balance-sheet figures for Ping An Bank Co Ltd (as of Sep 5, 2026): return on equity 8.2%, debt of 1.15 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 000001 from its 52-week high?
Ping An Bank Co Ltd trades at ¥11.85, about 9% below its 52-week high of ¥13.06 and 14% above the low of ¥10.43 (as of Sep 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥23.78 is for.
Which stocks are comparable to Ping An Bank Co Ltd?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank 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 Ping An Bank Co Ltd stock attractive at the current price?
The data as of Sep 5, 2026: price ¥11.85, calculated fair value ¥23.78 (+101%), Quality Score 44/100, 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 000001 calculated?
We run Ping An Bank Co Ltd 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 ¥23.78, 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 32.6 % above its aggregate fair value. Ping An Bank Co Ltd currently trades 101 % 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 <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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