The Saudi National Bank, through its subsidiaries, (1180) Fair Value & Analysis
Financial Services · SA · Market cap 234B SAR
Fair value as of: Aug 4, 2026
From 26 valuation models · updated today
Share price +4.5% over the past month.
A solid business, screening 39% undervalued on our models.
What matters now
- The price is below even our cautious bear case (41.16 SAR). The market is more pessimistic than our downside scenario.
- Solid quality (59/100) 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 4, 2026.
How to read this chart
60‑month range 25.46 SAR – 48.87 SAR · fair‑value band 41.16 SAR – 68.60 SAR · the 39.52 SAR price screens below the 54.88 SAR fair value. Dashed = 300-day average. As of Aug 4, 2026.
Analysis
The Saudi National Bank, through its subsidiaries, (1180) currently trades at 39.52 SAR, while our model-based Fair Value estimate is 54.88 SAR, implying the stock looks roughly 38.9% undervalued today. We read business quality at 59/100 (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, The Saudi National Bank, through its subsidiaries, generated revenue of 39.5B SAR at a net margin of 65.6%. Revenue grew 6.7% year over year. It earns a return on equity of 12.6%. Net debt stands at 66.5B SAR. Fundamentals as of Aug 4, 2026
Our scenario range runs from 41.16 SAR (bear case) to 68.60 SAR (bull case); at 39.52 SAR, the current price sits below that range. The share trades about 8% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 39%, 1180 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.
All 26 models by family
Widest divergence: Multiples (71.77 SAR) versus Asset-Based (22.95 SAR). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 4, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 62
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
The Saudi National Bank, through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.
Full company description
The Saudi National Bank, through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally. The company offers current, Al Wessam, gold, commercial enterprise, and corporate accounts; Shariah-compliant financing solutions, financial solutions to MSMEs, point-of-sale Merchant Financing, personal and lease finance, and residential finance; and corporate finance solutions, including Ijara, Musharaka financing, Project and Structured Finance, Syndications and Placements, and Tawarruq. It also provides deposit, prepaid, and credit cards; cash management services, such as dividend distribution, payroll, escrow account management, deposit, and debit services; guarantees, fleet leasing, investment products, and digital banking; treasury services, such as foreign currency exchange, money markets, and shariah compliant products; payments and transfers; and trade finance, including documentary collection, export and import letter of credit, letter of guarantees, documentary collection, letter of credit program for Saudi industrial development fund clients. In addition, it operates as a private equity fund; keeps and manages title deeds and collateralized real estate properties; trades in derivatives and repos/reverse repos activities; sells POS equipment and devices; manages liquidity, market, and credit risks; and provides recruitment services, safety deposit boxes, private banking services, wealth management, asset management, investment banking, and shares brokerage services, as well as correspondent banking products and services, including money market and foreign exchange. The company was formerly known as The National Commercial Bank and changed its name to The Saudi National Bank in April 2021. The Saudi National Bank was founded in 1950 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
The Saudi National Bank, through its subsidiaries, reported revenue of 46.1B SAR in FY2025 versus 29.4B SAR in FY2021, a compound +11.9%/yr. Reported net income was 25.1B SAR in FY2025, compounding +18.6%/yr from FY2021.
Watch 1180: get an alert when its fair value changes →
Peer Group
Banks - Regional · 1100 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.
Valuation Multiples vs Banks - Regional median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 Aug 4, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| PT Bank Central Asia Tbk BBCA | 6,175 IDR | 6,087 IDR | -1% |
| KB Financial Group 105560 | 184,400 KRW | 213,797 KRW | +16% |
| 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% |
Compare The Saudi National Bank, through its subsidiaries, with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Financial Services stocks →
Frequently asked questions
Is The Saudi National Bank, through its subsidiaries, (1180) overvalued or undervalued?
What is the fair value of 1180?
What is the quality score of 1180?
What is the revenue of The Saudi National Bank, through its subsidiaries, (1180)?
What is the net profit margin of 1180?
Does The Saudi National Bank, through its subsidiaries, pay a dividend?
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.
Track The Saudi National Bank, through its subsidiaries, and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.