KB Financial Group (105560) fair value: what the stock is really worth
We calculate from audited financials what KB Financial Group 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.
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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 18, 2026.
How to read this chart
60‑month range 36,878 KRW – 184,400 KRW · fair‑value band 148,502 KRW – 275,322 KRW · the 177,500 KRW price screens above the 166,354 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
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.
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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.
Stock analysis
KB Financial Group (105560) currently trades at 177,500 KRW, while our model-based Fair Value estimate is 166,354 KRW, implying the stock looks roughly 6.7% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 213,797 KRW per share, and 2 of the 6 models we run sit above the 177,500 KRW price.
Bear case: the Dividend Discount group reads lowest at 60,785 KRW, and 4 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: 148,502 KRW (bear) to 275,322 KRW (bull), the price of 177,500 KRW 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 59/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap 63.6T KRW (≈ $44.6B) · P/S ratio 3.97 · Dividend yield 2.6% · Net margin 27.5% · Return on equity 10.0% · Return on assets (EBIT) 0.7% · Operating margin 60.7% · Revenue (TTM) 16.5T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high and 75% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −6%, 105560 screens cheaper than that median.
Fair Value models
Bear 148,502 KRWFair Value 166,354 KRWBull 275,322 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.6%
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.
+8.4%
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.
+7.1%
Revenue growth 26 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.
+12.1%
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What shareholders gained per year (last 5 years), in KRW ⓘ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 KRW: 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.
+10.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.3%
Dividend (yield on the price)2.6%
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.13% vs 14%, steady
Profit margin 2017 to 2023 ⓘ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.35% → 52%
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).
+22.6%
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.
−0.5%
Yearly sales growth analysts expect, extended to five years.
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 · 1073 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside+28% · Top 25%
Profitability
Return on equity (TTM)10% · Below median
Return on assets1% · Below median
Net margin (TTM)37% · Above median
Operating margin (TTM)61% · Top 25%
Growth and dividend
Revenue growth15% · Above median
Dividend yield (TTM)2.6% · Below median
Balance sheet
Debt / equity2.21× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "KB Financial Group Fair Value". https://www.fairvalue-calculator.com/stock/105560
Frequently asked questions
Is KB Financial Group (105560) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of 166,354 KRW versus a price of 177,500 KRW, about −6% upside (fairly valued).
What is the fair value of 105560?
Our model-based fair value for KB Financial Group is 166,354 KRW (as of Sep 18, 2026), built from audited fundamentals. The current price: 177,500 KRW.
What is the quality score of 105560?
KB Financial Group has a Quality Score of 59/100. 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 KB Financial Group (105560)?
Our model-based price target is the fair value of 166,354 KRW (as of Sep 18, 2026) from 6 valuation models. Cautious scenario 148,502 KRW, optimistic scenario 275,322 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the KB Financial Group stock forecast for 2026?
Our models put fair value at 166,354 KRW, about −6% upside versus a price of 177,500 KRW (fairly valued). Cautious scenario 148,502 KRW, optimistic scenario 275,322 KRW. The calculation is refreshed regularly with new filings.
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 Sep 18, 2026).
Does KB Financial Group pay a dividend?
KB Financial Group currently shows a dividend yield of about 2.59% relative to its recent price (as of Sep 18, 2026).
What growth is priced into KB Financial Group (105560)?
For today's price to be fair in a discounted-cash-flow model, KB Financial Group would have to grow free cash flow by +22.6 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.1 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of 105560 use?
Our models discount KB Financial Group at 8.9 %: a base by market capitalisation (large), damped by beta 0.67, country premium for South Korea. 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 KB Financial Group that is +22.6 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has KB Financial Group (105560) delivered so far?
Over the past 5 years revenue at KB Financial Group grew +7.1 % a year. The price currently implies +22.6 % 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 KB Financial Group (105560) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into KB Financial Group (+22.6 % 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 KB Financial Group (105560)?
The free-cash-flow yield on the price is 5.77 %: that much free cash flow KB Financial Group produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of KB Financial Group (105560)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KB Financial Group it is 166,354 KRW per share (as of Sep 18, 2026), against a price of 177,500 KRW. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is KB Financial Group stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 105560 trades above its calculated fair value: price 177,500 KRW, fair value 166,354 KRW, a gap of about −6% (fairly valued). 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 105560?
No. The price is what the market pays today (177,500 KRW); the fair value is what the company's own numbers justify (166,354 KRW). For KB Financial Group the two are 11,146 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is KB Financial Group worth?
The market values KB Financial Group at about 63.6T KRW (market capitalisation, as of Sep 18, 2026). Per share that is 177,500 KRW; our models calculate a fair value of 166,354 KRW per share.
What do the bullish and bearish scenarios say about 105560?
Our models span a range for KB Financial Group: cautious scenario 148,502 KRW, base 166,354 KRW, optimistic 275,322 KRW per share (as of Sep 18, 2026, price 177,500 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 105560?
The PEG ratio of KB Financial Group is 0.74 (P/E divided by earnings growth, as of Sep 18, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of KB Financial Group (105560)?
Balance-sheet figures for KB Financial Group (as of Sep 18, 2026): return on equity 10.0%, debt of 2.21 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 105560 from its 52-week high?
KB Financial Group trades at 177,500 KRW, about 1% below its 52-week high of 175,700 KRW and 75% above the low of 101,423 KRW (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of 166,354 KRW is for.
Which stocks are comparable to KB Financial Group?
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 KB Financial Group stock attractive at the current price?
The data as of Sep 18, 2026: price 177,500 KRW, calculated fair value 166,354 KRW (−6%), Quality Score 59/100, 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 105560 calculated?
We run KB Financial Group 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 166,354 KRW, 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 16.1 % above its aggregate fair value. KB Financial Group 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 KB Financial Group (105560)?
The closing price on Sep 21, 2026 was 177,500 KRW. Our model-based fair value is 166,354 KRW, about −6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KB Financial Group right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (148,502 KRW to 275,322 KRW) 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 KB Financial Group (105560) come from?
Earnings per share at KB Financial Group grew +13.2 % a year from 2012 to 2023. Broken into its drivers: revenue per share +4.7 %, EBIT margin +7.7 %, tax rate +0.0 %, residual (interest, one-offs) +0.4 %. 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 KB Financial Group
How large is the market capitalisation of KB Financial Group (105560)?
The market capitalisation of KB Financial Group is 63.6T KRW (≈ $44.6B). 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 KB Financial Group (105560)?
The price-to-sales ratio of KB Financial Group is 3.97 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of KB Financial Group (105560)?
The dividend yield of KB Financial Group is 2.6%. 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 KB Financial Group (105560)?
The net margin of KB Financial Group is 27.5% (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 KB Financial Group (105560)?
The return on equity (ROE) of KB Financial Group is 10.0% (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 KB Financial Group (105560)?
On an EBIT basis the return on assets of KB Financial Group 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 KB Financial Group (105560)?
The operating margin of KB Financial Group is 60.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KB Financial Group (105560)?
Revenue at KB Financial Group is growing +15.2% versus a year earlier (3y avg +8.4%). 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 KB Financial Group (105560)?
Earnings per share at KB Financial Group are growing +16.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does KB Financial Group (105560) carry?
The net debt of KB Financial Group is 94.9T KRW (fiscal year 2025, ≈ 25.8 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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