BNK Financial Group Inc (138930) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of BNK Financial Group Inc stock KRW 22,629, price KRW 12,900, upside +75.4%, quality 46 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 4,536 KRW – 21,844 KRW · fair‑value band 16,972 KRW – 28,865 KRW · the 12,900 KRW price screens below the 22,629 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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BNK Financial Group Inc., together with its subsidiaries, provides various financial products and services in South Korea and internationally.
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The company is involved in banking; specialized credit financial; investment brokerage and trading; financial advisory and collective investment; credit investigation and collection agency; start-up investment company advisory; and leasing activities.
It also operates as a savings bank; small loan specialty; and provides system software development and supply services. The company was formerly known as BS Financial Group Inc. and changed its name to BNK Financial Group Inc. in April 2015.
BNK Financial Group Inc. was founded in 1967 and is headquartered in Busan, South Korea.
Stock analysis
BNK Financial Group Inc (138930) currently trades at 12,900 KRW, while our model-based Fair Value estimate is 22,629 KRW, implying the stock looks roughly 43% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 30,693 KRW per share, and 5 of the 6 models we run sit above the 12,900 KRW price.
Bear case: the Dividend Discount group reads lowest at 16,406 KRW, and 1 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 16,972 KRW (bear) to 28,865 KRW (bull), the price of 12,900 KRW 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 46/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
BNK Financial Group Inc reported revenue of 4.0T KRW in FY2025 versus 3.5T KRW in FY2021, a compound +3.9%/yr. Reported net income was 815B KRW in FY2025, compounding +0.7%/yr from FY2021.
Key figures
Market cap 4.0T KRW (≈ $2.9B) Mid · P/E ratio 6.1 · P/S ratio 1.23 · EPS (TTM) 2,160 KRW · Dividend yield 6.2% · Net margin 20.2% · Return on equity 6.9% · Return on assets (EBIT) 1.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 75%, 138930 screens cheaper than that median.
Fair Value models
Bear16,972 KRWFair Value 22,629 KRWBull28,865 KRW
Price 12,900 KRW · Upside +75.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1,166 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.45/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+4.3%
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.
+3.7%
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.
+6.5%
Start year 2020 (pandemic). Over 10 years: +1.5% a year
Revenue growth 25 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.
+5.7%
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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. 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.
+15.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.8%
Dividend (yield on the price)6.2%
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.8.8% vs 5.9%, steady
Compare BNK Financial Group Inc with another stock
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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 · 998 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Bottom 25%
Fair Value upside+75.4% · Top 25%
Profitability
Return on equity (12 months)6.9% · Bottom 25%
Return on assets0.5% · Bottom 25%
Net margin (12 months)19.7% · Bottom 25%
Operating margin (12 months)26.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−25.3% · Bottom 25%
Dividend yield (12 months)6.2% · Top 25%
Balance sheet
Debt / equity1.35× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)6.1× · Cheapest 25%
P/B0.37× · Cheapest 25%
P/S (12 months)1.18× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 8
FUTURE (revenue growth)0· sector 47
PAST (return on equity)27· sector 43
HEALTH (low debt)–
DIVIDEND (yield)100· sector 53
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
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.
Cite: Fair Value Calculator (2026). "BNK Financial Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/138930
Frequently asked questions
Is BNK Financial Group Inc (138930) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 22,629 KRW versus a price of 12,900 KRW, about +75% upside (undervalued).
What is the fair value of 138930?
Our model-based fair value for BNK Financial Group Inc is 22,629 KRW (as of Nov 6, 2026), built from audited fundamentals. The current price: 12,900 KRW.
What is the quality score of 138930?
BNK Financial Group Inc has a Quality Score of 46/100. 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 BNK Financial Group Inc (138930)?
Our model-based price target is the fair value of 22,629 KRW (as of Nov 6, 2026) from 6 valuation models. Cautious scenario 16,972 KRW, optimistic scenario 28,865 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the BNK Financial Group Inc stock forecast for 2026?
Our models put fair value at 22,629 KRW, about +75% upside versus a price of 12,900 KRW (undervalued). Cautious scenario 16,972 KRW, optimistic scenario 28,865 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of BNK Financial Group Inc (138930)?
BNK Financial Group Inc reported trailing-twelve-month revenue of about 3.4T KRW (latest available figure, as of Nov 6, 2026).
Does BNK Financial Group Inc pay a dividend?
BNK Financial Group Inc currently shows a dividend yield of 6.16% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of BNK Financial Group Inc (138930) and when is the ex-dividend date?
BNK Financial Group Inc pays a dividend of 795.00 KRW per share a year, a dividend yield of 6.2%. The next ex-dividend date is Nov 9, 2026. A dividend has been paid every year since 2002. The payout ratio is 36.8% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of BNK Financial Group Inc (138930)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BNK Financial Group Inc it is 22,629 KRW per share (as of Nov 6, 2026), against a price of 12,900 KRW. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is BNK Financial Group Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 138930 trades below its calculated fair value: price 12,900 KRW, fair value 22,629 KRW, a gap of about +75% (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 138930?
No. The price is what the market pays today (12,900 KRW); the fair value is what the company's own numbers justify (22,629 KRW). For BNK Financial Group Inc the two are 9,729 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is BNK Financial Group Inc worth?
The market values BNK Financial Group Inc at about 4.0T KRW (market capitalisation, as of Nov 6, 2026). Per share that is 12,900 KRW; our models calculate a fair value of 22,629 KRW per share.
What do the bullish and bearish scenarios say about 138930?
Our models span a range for BNK Financial Group Inc: cautious scenario 16,972 KRW, base 22,629 KRW, optimistic 28,865 KRW per share (as of Nov 6, 2026, price 12,900 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 138930?
BNK Financial Group Inc trades at a price-to-earnings ratio of 6.1 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 22,629 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 4.5. Other multiples: P/B 0.4, P/S 1.2.
How solid is the balance sheet of BNK Financial Group Inc (138930)?
Balance-sheet figures for BNK Financial Group Inc (as of Nov 6, 2026): return on equity 6.9%, debt of 1.35 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 138930 from its 52-week high?
BNK Financial Group Inc trades at 12,900 KRW, about 41% below its 52-week high of 21,844 KRW and 10% above the low of 11,780 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 22,629 KRW is for.
Which stocks are comparable to BNK Financial Group Inc?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, 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 BNK Financial Group Inc stock attractive at the current price?
The data as of Nov 6, 2026: price 12,900 KRW, calculated fair value 22,629 KRW (+75%), Quality Score 46/100, 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 138930 calculated?
We run BNK Financial Group Inc through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 22,629 KRW builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. BNK Financial Group Inc currently trades 43% 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 is it worth investing now.
What is the share price of BNK Financial Group Inc (138930)?
The closing price on Nov 6, 2026 was 12,900 KRW. Our model-based fair value is 22,629 KRW, about +75% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BNK Financial Group Inc right now?
The large discount to fair value meets weak quality (46/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (16,972 KRW). 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.
Key figures of BNK Financial Group Inc
How large is the market capitalisation of BNK Financial Group Inc (138930)?
The market capitalisation of BNK Financial Group Inc is 4.0T KRW (≈ $2.9B). 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 BNK Financial Group Inc (138930)?
The price-to-sales ratio of BNK Financial Group Inc is 1.23 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BNK Financial Group Inc (138930)?
Earnings per share at BNK Financial Group Inc are 2,160 KRW (price ÷ EPS = P/E 6.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BNK Financial Group Inc (138930)?
The dividend yield of BNK Financial Group Inc is 6.2% (payout 36.8%). 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 BNK Financial Group Inc (138930)?
The net margin of BNK Financial Group Inc is 20.2% (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 BNK Financial Group Inc (138930)?
The return on equity (ROE) of BNK Financial Group Inc is 6.9% (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 BNK Financial Group Inc (138930)?
On an EBIT basis the return on assets of BNK Financial Group Inc is 1.4% (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 BNK Financial Group Inc (138930)?
The operating margin of BNK Financial Group Inc is 26.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BNK Financial Group Inc (138930)?
Revenue at BNK Financial Group Inc is growing −25.3% versus a year earlier (3y avg +3.7%). 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 BNK Financial Group Inc (138930)?
Earnings per share at BNK Financial Group Inc are growing −34.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does BNK Financial Group Inc (138930) generate?
The free cash flow of BNK Financial Group Inc is −2.2T KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does BNK Financial Group Inc (138930) carry?
The net debt of BNK Financial Group Inc is 17.2T KRW (fiscal year 2025). 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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Nov 6, 2026