CTBC Financial Holding Co Ltd (2891) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of CTBC Financial Holding Co Ltd stock TWD 42.85, price TWD 78.70, that is 45.6% below the price, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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CTBC Financial Holding Co Ltd
2891 · TWFar too expensive (fair value 46% below the price) and weak company, but rising price: meets 1 of 3 rules.
Main risks:
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 12, 2026.
How to read this chart
60‑month range 16.45 TWD – 78.70 TWD · fair‑value band 27.41 TWD – 53.56 TWD · the 78.70 TWD price screens above the 42.85 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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Company profile
CTBC Financial Holding Co., Ltd., together with its subsidiaries, engages in corporate and personal finance, life insurance, and other businesses in Taiwan, Asia, and North America.
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The company offers commercial banking and capital market services; customized financing and wealth management and credit services; life insurance services; and designs, provides, and trades in various financial products.
It is also involved in deposit and loan; securities and futures; venture capital; asset management; issuance and sale of various types of lottery tickets; prize redemption operations and management, and promotion activities; personal insurance; investment trust; operation of an installment payment sales business; services, leasing business and accounts receivable; cash purchase and sale; guarantee; debt and fund management; securities investment advisory; and wholesale business.
In addition, the company provides educational supplies, musical instruments, and recreational products; investment management consulting; financial leasing; product insurance; real estate leasing; elderly housing; home-based businesses and information software services; and hotel business.
The company was formerly known as ChinaTrust Financial Holding Co., Ltd. and changed its name to CTBC Financial Holding Co., Ltd. in June 2013. CTBC Financial Holding Co., Ltd. was founded in 2002 and is headquartered in Taipei, Taiwan.
Stock analysis
CTBC Financial Holding Co Ltd (2891) currently trades at 78.70 TWD, while our model-based Fair Value estimate is 42.85 TWD, 46% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 42.88 TWD per share, and 0 of the 6 models we run sit above the 78.70 TWD price.
Bear case: the Asset-Based group reads lowest at 16.27 TWD, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: 27.41 TWD (bear) to 53.56 TWD (bull), the price of 78.70 TWD sits above 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 48/100 (below-average quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
CTBC Financial Holding Co Ltd reported revenue of 501B TWD in FY2025 versus 185B TWD in FY2021, a compound +28.2%/yr. Reported net income was 80.6B TWD in FY2025, compounding +10.4%/yr from FY2021.
Key figures
Market cap 1.7T TWD (≈ $50.4B) Large · P/E ratio 19.9 · P/S ratio 3.20 · EPS (TTM) 3.96 TWD · Dividend yield 3.2% · Net margin 16.1% · Return on equity 18.6% · Return on assets (EBIT) 0.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 69 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 93% 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 −46%, 2891 screens richer than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
2891 screens overvalued: fair value 46% below the price. Compare with China Merchants Bank Co →
Compare CTBC Financial Holding Co Ltd 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 · 999 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Fair value gap by industry
- Return on assets by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Taiwanese Stocks
- Valuation of the Taiwan market
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 | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.69 | ¥7.59 | +33% | vs 2891 |
| China Merchants Bank Co 600036 | ¥42.93 | ¥52.73 | +23% | vs 2891 |
| BNP Paribas SA BNP | €95.57 | €107.43 | +12% | vs 2891 |
| Intesa Sanpaolo S.p.A ISP | €6.26 | €4.91 | −22% | vs 2891 |
| UniCredit S.p.A UCG | €83.68 | €58.08 | −31% | vs 2891 |
| Oversea-Chinese Banking Corporation O39 | 28.53 SGD | 18.20 SGD | −36% | vs 2891 |
| DBS Group D05 | 69.90 SGD | 40.39 SGD | −42% | vs 2891 |
| Mizuho Financial Group MFG | $10.34 | $5.84 | −44% | vs 2891 |
| HDFC Bank Limited HDFCBANK | ₹804.00 | ₹406.39 | −49% | vs 2891 |
| ICICI Bank Limited ICICIBANK | ₹1,584 | ₹615.63 | −61% | vs 2891 |
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Frequently asked questions
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Key figures of CTBC Financial Holding Co Ltd
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