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KB Financial Group (105560) Fair Value & Analysis

Financial Services · KR · Market cap 65.4T KRW

KF KB Financial Group 105560 · KO
Price171,500 KRW
Fair Value213,797 KRW
Upside+24.7%
Quality65/100
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Healthy Growth
Highly profitable · 36.6% net margin
High debt · generates free cash flow
2.68% dividend yield
Ranks above peers (8/12)
Wide moat 66/100
Evidence: High Range 160,348 KRW – 267,246 KRW Share as image

Fair value as of: Jul 11, 2026

From 20 valuation models · updated 27 days ago

Share price −1.0% over the past month.

A solid business, screening 25% undervalued on our models.

What matters now

  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

184,400 KRW 36,652 KRW Fair Value 213,797 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 36,652 KRW – 184,400 KRW · fair‑value band 160,348 KRW – 267,246 KRW · the 171,500 KRW price screens below the 213,797 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

Full chart & analysis →

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Analysis

KB Financial Group (105560) currently trades at 171,500 KRW, while our model-based Fair Value estimate is 213,797 KRW, implying the stock looks roughly 24.7% undervalued today. We read business quality at 65/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, KB Financial Group generated revenue of 16.5T KRW at a net margin of 36.6%. Revenue grew 15.2% year over year. It earns a return on equity of 10.0%. Net debt stands at 94.9T KRW. Fundamentals as of Jul 11, 2026

Our scenario range runs from 160,348 KRW (bear case) to 267,246 KRW (bull case); at 171,500 KRW, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 2% below its 52-week high and 69% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 65% fair-value upside, at 25%, 105560 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 33,226 KRW 80
Residual Income 148,004 KRW 165,559 KRW 284,964 KRW 76
Gordon GGM 35,318 KRW 77,105 KRW 129,732 KRW 70
All 20 models by family
DCF Models
FCF DCF 61,324 KRW 38
Owner Earnings 74,946 KRW 287,193 KRW 31
5Y EBITDA Exit 16,927 KRW 154,878 KRW 41
5Y P/E Exit 57,840 KRW 202,694 KRW 38
10Y EBITDA Exit 118,667 KRW 37
10Y P/E Exit 12,747 KRW 156,351 KRW 35
Earnings-Based
Graham-Dodd 111,832 KRW 364,061 KRW 486,309 KRW 54
Lynch FV 81,391 KRW 116,273 KRW 151,154 KRW 50
PEG = 1.0 81,391 KRW 116,273 KRW 151,154 KRW 46
Dividend Discount
Gordon GGM 35,318 KRW 77,105 KRW 129,732 KRW 70
DDM Multi-Stage 35,318 KRW 60,785 KRW 80,355 KRW 61
Multiples
P/E Multiple 246,689 KRW 328,918 KRW 411,148 KRW 63
P/S Multiple 112,237 KRW 149,650 KRW 187,062 KRW 58
P/B Multiple 209,685 KRW 279,580 KRW 349,476 KRW 55
EV/EBIT 74,549 KRW 160,075 KRW 53
EV/EBITDA 13,046 KRW 83,196 KRW 54
Asset-Based
NCAV (Graham) 83,240 KRW 111,541 KRW 166,479 KRW 50
Growth DCF
Growth DCF 33,226 KRW 80
Economic Profit
Residual Income 148,004 KRW 165,559 KRW 284,964 KRW 76
Growth Earnings
Growth-Adj P/E 208,377 KRW 297,681 KRW 386,985 KRW 68

Widest divergence: Growth Earnings (297,681 KRW) versus DCF Models (16,927 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 16.5T KRW
Revenue growth (YoY) +15.2%
Net margin 36.6%
Return on equity 10.0%
Free cash flow 3.7T KRW FY2025
Operating margin 60.7%
More key figures
Dividend yield 2.7%
EPS growth (YoY) +16.8%
Net debt 94.9T KRW FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 54 · Market factors (momentum, volatility) 73

Profitability 37
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 15
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 85
Distance to the 52-week high (market factor)
Net Issuance 100
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.

About the company

KB Financial Group Inc. provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Full company description

KB Financial Group Inc. provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. It operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments. The company offers loans, deposit products, and other related financial products and services to large, small, medium-sized enterprises, and small office/home office, as well as individuals and households; investment banking, and brokerage and supporting services; life insurance products; non-life insurance products, including fire, maritime, injury, technology, liability, package, title, guarantee, other special type insurances, automobile, long-term nonlife, property damage, injury, driver, savings, illness, nursing, pension, and others; and credit sale, cash service, card loan, and other supporting services. It also involved in securities and derivatives trading, funding, and other supporting activities. In addition, the company offers foreign exchange transaction; financial investment; credit card and installment financing; financial leasing; auto Installment finance; real estate trust management; capital and collective investment; collection of receivables or credit investigation; software advisory, development, and supply; microfinance; investment advisory; claim; management; savings banking; information and communication; e-commerce; and general advisory services. KB Financial Group Inc. was founded in 1963 and is headquartered in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KB Financial Group reported revenue of 21.2T KRW in FY2025 versus 17.0T KRW in FY2021, a compound +5.7%/yr. Reported net income was 5.8T KRW in FY2025, compounding +7.2%/yr from FY2021.

Growth Quality 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
21.2T KRW
Latest YoY
+5.6%
Avg. growth/yr (3Y)
+8.4%
Avg. growth/yr (5Y)
+7.1%
Avg. growth/yr (26Y)
+12.1%
Revenue +5.7%/yr
FY21 17.0T KRW
FY22 16.7T KRW
FY23 13.1T KRW
FY24 20.1T KRW
FY25 21.2T KRW
Net income +7.2%/yr
FY21 4.4T KRW
FY22 4.2T KRW
FY23 4.6T KRW
FY24 5.1T KRW
FY25 5.8T KRW

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Cite: Fair Value Calculator (2026). "KB Financial Group Fair Value". https://www.fairvalue-calculator.com/stock/105560

Peer Group

Banks - Regional · 1082 stocks

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.

Quality Score 66 · Above median
Fair Value upside +25% · Above median
Return on equity (TTM) 10% · Below median
Return on assets 1% · Below median
Net margin (TTM) 37% · Above median
Operating margin (TTM) 61% · Top 25%
Revenue growth 15% · Above median
Dividend yield (TTM) 2.7% · Above median
Debt / equity 2.21× · Higher than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 12.3× · Pricier than median
PEG 0.74× · Cheaper than 75% of peers

Snowflake

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.

VALUE 66 · sector 39
FUTURE 76 · sector 44
PAST 40 · sector 41
HEALTH 0 · sector 85
DIVIDEND 54 · sector 49

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%
Woori Financial Group 316140 31,500 KRW 55,811 KRW +77%

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Frequently asked questions

Is KB Financial Group (105560) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 213,797 KRW versus a price of 171,500 KRW, about +25% (undervalued).
What is the fair value of 105560?
Our model-based fair value for KB Financial Group is 213,797 KRW (as of Jul 11, 2026), built from audited fundamentals. The current price is 171,500 KRW.
What is the quality score of 105560?
KB Financial Group has a Quality Score of 65/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of KB Financial Group (105560)?
KB Financial Group reported trailing-twelve-month revenue of about 16.5T KRW (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 105560?
The net profit margin of KB Financial Group is about 36.6%, meaning it keeps roughly 36.6% of revenue as net income. Based on the latest reported figures.
Does KB Financial Group pay a dividend?
KB Financial Group currently shows a dividend yield of about 2.68% relative to its recent price (as of Jul 11, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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