Bank of Zhengzhou Co Ltd Class A (002936) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Bank of Zhengzhou Co Ltd Class A ¥3.10, price ¥1.74, upside +78.2%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Bank of Zhengzhou Co Ltd Class A
002936 · SHEClearly undervaluedStrong Fair Value upside, but quality is only moderate.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ¥1.60 – ¥3.09 · fair‑value band ¥2.32 – ¥3.87 · the ¥1.74 price screens below the ¥3.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Company profile
Bank of Zhengzhou Co., Ltd., together with its subsidiaries, provides various banking products and services in the People's Republic of China. It operates through Corporate Banking, Retail Banking, and Treasury Business segments.
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Bank of Zhengzhou Co., Ltd., together with its subsidiaries, provides various banking products and services in the People's Republic of China. It operates through Corporate Banking, Retail Banking, and Treasury Business segments. The Corporate Banking segment provides corporate loans and advances, trade finance and deposit taking activities, financial leasing, agency services, and remittance and settlement services to corporations, government agencies, and financial institutions. The Retail Banking segment offers personal loans and deposit taking activities, bank card business, personal wealth management services, remittance and settlement services, and collection and payment agency services to retail customers. The Treasury Business segment engages in the interbank money market transactions and repurchases transactions, as well as offers bond investment services. It also offers trade finance services, including cash management, investment banking, international trade business, and platform finance; small and micro finance, such as business, credit, and life sendings; citizen finance comprising credit card, convenient payment, and shangding card. In addition, it provides personal internet, corporate internet, personal mobile, and corporate mobile banking services. The company was formerly known as Commercial Bank of Zhengzhou Co., Ltd. and changed its name to Bank of Zhengzhou Co., Ltd. in December 2009. Bank of Zhengzhou Co., Ltd. was incorporated in 1996 and is headquartered in Zhengzhou, China.
Stock analysis
Bank of Zhengzhou Co Ltd Class A (002936) currently trades at ¥1.74, while our model-based Fair Value estimate is ¥3.10, implying the stock looks roughly 43.9% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of ¥4.36 per share, and 4 of the 6 models we run sit above the ¥1.74 price.
Bear case: the Dividend Discount group reads lowest at ¥0.9500, and 2 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥2.32 (bear) to ¥3.87 (bull), the price of ¥1.74 sits below 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.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Bank of Zhengzhou Co Ltd Class A reported revenue of 11.0B CNY in FY2025 versus 25.5B CNY in FY2021, a compound −19.0%/yr. Reported net income was 1.9B CNY in FY2025, compounding −12.5%/yr from FY2021.
Key figures
Market cap 15.8B CNY (≈ $2.4B) · P/E ratio 11.0 · P/S ratio 1.90 · EPS (TTM) ¥0.1600 · Dividend yield 4.1% · Net margin 17.3% · Return on equity 3.5% · Return on assets (EBIT) 0.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at 78%, 002936 screens cheaper than that median.
Fair Value models
All 6 models by family
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Set up alert →Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 47
Revenue & earnings trend
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Compare Bank of Zhengzhou Co Ltd Class A 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 · 1074 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)
- Undervalued stocks: Chinese Stocks
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 |
|---|---|---|---|
| DBS Group D05 | 77.80 SGD | 40.48 SGD | −48% |
| China Merchants Bank Co 3968 | HK$51.65 | HK$64.29 | +24% |
| Intesa Sanpaolo S.p.A ISP | €6.73 | €4.04 | −40% |
| HDFC Bank Limited HDFCBANK | ₹738.60 | ₹418.52 | −43% |
| BNP Paribas SA BNP | €101.30 | €105.99 | +5% |
| UniCredit S.p.A UCG | €83.28 | €77.62 | −7% |
| Mizuho Financial Group MFG | $10.87 | $6.75 | −38% |
| ICICI Bank Limited ICICIBANK | ₹1,340 | ₹636.31 | −53% |
| The PNC Financial Services Group PNC | $227.96 | $159.52 | −30% |
| Oversea-Chinese Banking Corporation O39 | 32.14 SGD | 19.80 SGD | −38% |
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Key figures of Bank of Zhengzhou Co Ltd Class A
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