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Agricultural Bank of China Ltd Class A (601288) fair value: what the stock is really worth

As of Nov 5, 2026: fair value (intrinsic value) of Agricultural Bank of China Ltd Class A stock ¥9.14, price ¥7.25, upside +26.1%, quality 61 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services CN · ISIN CNE100000RJ0

AB Agricultural Bank of China Ltd Class A logo Some data Nov 4, 2026

Agricultural Bank of China Ltd Class A

601288 · SHG
Undervalued, but in a downtrend

The stock costs 21% less than our calculation considers fair.

Fair value ¥9.14 · Undervalued (21%)
Quality 61/100
Healthy Growth (revenue 5y +7.9 %/yr in CNY)
Highly profitable · 47.4% net margin (TTM)
Low debt
Generates free cash flow
3.6% dividend yield · Well covered
Ranks above peers (10/14)
Costs just 8.9 times its yearly profit.
Wide moat 65/100 · thin data
Some data
Downbeat coverage

Risks from the AI analysis

🚩Real estate and LGFV debt exposure raises NPLs🚩Fintech platforms capture payments and personal loans

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥8.59 ¥2.53 Fair Value ¥9.14 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range ¥2.53 – ¥8.59 · fair‑value band ¥6.86 – ¥11.43 · the ¥7.25 price screens below the ¥9.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

Agricultural Bank of China Limited, together with its subsidiaries, provides banking products and services. The company operates through Corporate Banking, Personal Banking, Treasury operations, and Others segments.

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The Corporate Banking segment offers corporate loans and advances, trade finance, deposit products, corporate wealth management services, and other corporate intermediary services.

The Personal Banking segment provides personal loans, deposit products, card business, and other personal intermediary services. The Treasury Operations segment conducts money market and repurchase transactions, debt instruments investments, precious metals transactions, and derivative transactions.

It offers asset and fund management, financial leasing, life insurance, and investment banking services. It also provides inclusive finance, green finance, pension finance, digital and online financial services, and cross-border financial solutions, as well as services for rural revitalization.

In addition, it provides demand, personal call, foreign currency call and time, time or demand optional, savings, agreed-term, and negotiated deposit accounts; certificates of deposit; and loans, including housing, consumer, personal auto, business, fixed asset, working capital, real estate, bonds, commercial drafts, entrusted syndicated loans, trade finances, guarantees and commitments, and loans with custody of export rebates accounts.

In addition, it offers credit and debit cards, payment and settlement, private banking, cash management, custody, financial market, financial institution services, and trading.

Further, it offers agro-related personal and corporate banking products and services; telephone, mobile, self-service, and SMS banking services; asset custodian services; and reinsurance. The company operates domestic and overseas branches, and representative offices.

The company was founded in 1951 and is based in Beijing, the People's Republic of China.

Stock analysis

Agricultural Bank of China Ltd Class A (601288) currently trades at ¥7.25, while our model-based Fair Value estimate is ¥9.14, implying the stock looks roughly 21% undervalued today.

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Valuation

Bull case: the Dividend Discount group reads highest at a median of ¥12.65 per share, and 4 of the 6 models we run sit above the ¥7.25 price.

Bear case: the Multiples group reads lowest at ¥6.43, and 2 of the 6 models stay below the price. Data coverage for this calculation is medium.

Scenario range: ¥6.86 (bear) to ¥11.43 (bull), the price of ¥7.25 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 61/100 (solid quality), in the Financial Services sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Agricultural Bank of China Ltd Class A reported revenue of 724B CNY in FY2025 versus 556B CNY in FY2021, a compound +6.8%/yr. Reported net income was 291B CNY in FY2025, compounding +4.8%/yr from FY2021.

Key figures

Market cap 2.5T CNY (≈ $381B) Mega · P/E ratio 8.9 · P/S ratio 3.92 · EPS (TTM) ¥0.8400 · Dividend yield 3.6% · Net margin 47.4% · Return on equity 9.4% · Return on assets (EBIT) 1.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).

What moves the price

The share trades about 16% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −23% fair-value upside, at 26%, 601288 screens cheaper than that median.

Fair Value models

Bear ¥6.86 Fair Value ¥9.14 Bull ¥11.43
Price ¥7.25 · Upside +26.1%
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 (¥0.4910 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.
Best data coverage
Residual Income ¥8.96 ¥9.85 ¥11.76 76
DDM Multi-Stage ¥7.20 ¥12.65 ¥16.79 66
Gordon GGM ¥7.20 ¥16.18 ¥28.28 65
All 6 models by family
Dividend Discount
Gordon GGM ¥7.20 ¥16.18 ¥28.28 65
DDM Multi-Stage ¥7.20 ¥12.65 ¥16.79 66
Multiples
P/E Multiple ¥8.89 ¥11.85 ¥14.81 63
P/B Multiple ¥4.82 ¥6.43 ¥8.04 55
Asset-Based
NCAV (Graham) ¥5.01 ¥6.71 ¥10.02 54
Economic Profit
Residual Income ¥8.96 ¥9.85 ¥11.76 76

Open the full fair value analysis →

Quality Score breakdown

Overall quality 61/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 33
How much profit the company makes from its sales and capital
Quality Growth 50
Are margins and returns getting better?
Cashflow 100
Do the profits arrive as real cash?
Financial strength 27
Debt, balance sheet and risk of trouble
Investment 64
Does it invest with discipline instead of growing at any price?
Low Volatility 91
How calm the share price moves, does not count
Price momentum 39
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 36
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+24.9%
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.
+9.6%
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.
+7.9%
Start year 2020 (pandemic). Over 10 years: +4.7% a year
Revenue growth 23 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.
+12.6%
What shareholders gained per year (last 5 years) ⓘ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.
+9.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.2%
Dividend (yield on the price)3.6%
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.6.2% vs 4.1%, steady
Profit margin 2019 to 2024 ⓘ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.56% → 67%
Pace: the 5-year rate starts in 2020 (pandemic)

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Earlier news

News mood ⓘNews mood, the average tone of recent news (66 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Very negative
Recent news coverage is unusually downbeat.

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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 - Diversified · 46 stocks

Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 61 · Above median
Fair Value upside +26.1% · Top 25%
Profitability
Return on equity (12 months) 9.4% · Below median
Return on assets 0.6% · Below median
Net margin (12 months) 47.4% · Top 25%
Operating margin (12 months) 60.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 13.3% · Top 25%
Dividend yield (12 months) 3.6% · Above median
Balance sheet
Debt / equity 0.10× · Lowest 25%

Valuation Multiplesvs Banks - Diversified median · lower = cheaper

P/E (12 months) 8.9× · Cheapest 25%
P/B 0.78× · Cheapest 25%
P/S (12 months) 3.92× · Pricier than median
Price / free cash flow 1.2× · Cheapest 25%
PEG 1.55× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)68 · sector 0
FUTURE (revenue growth)67 · sector 36
PAST (return on equity)37 · sector 47
HEALTH (low debt)95 · sector 40
DIVIDEND (yield)72 · sector 68

Context: sector, industry, market

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

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Agricultural Bank of China Ltd Class A: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Agricultural Bank of China Ltd Class A Fair Value". https://www.fairvalue-calculator.com/stock/601288

Frequently asked questions

Is Agricultural Bank of China Ltd Class A (601288) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of ¥9.14 versus a price of ¥7.25, about +26% upside (undervalued).
What is the fair value of 601288?
Our model-based fair value for Agricultural Bank of China Ltd Class A is ¥9.14 (as of Nov 4, 2026), built from audited fundamentals. The current price: ¥7.25.
What is the quality score of 601288?
Agricultural Bank of China Ltd Class A has a Quality Score of 61/100. 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 Agricultural Bank of China Ltd Class A (601288)?
Our model-based price target is the fair value of ¥9.14 (as of Nov 4, 2026) from 6 valuation models. Cautious scenario ¥6.86, optimistic scenario ¥11.43. It is a calculation from audited fundamentals, not an analyst target.
What is the Agricultural Bank of China Ltd Class A stock forecast for 2026?
Our models put fair value at ¥9.14, about +26% upside versus a price of ¥7.25 (undervalued). Cautious scenario ¥6.86, optimistic scenario ¥11.43. The calculation is refreshed regularly with new filings.
What is the revenue of Agricultural Bank of China Ltd Class A (601288)?
Agricultural Bank of China Ltd Class A reported trailing-twelve-month revenue of about 647B CNY (latest available figure, as of Nov 4, 2026).
Does Agricultural Bank of China Ltd Class A pay a dividend?
Agricultural Bank of China Ltd Class A currently shows a dividend yield of 3.59% relative to its recent price (as of Nov 4, 2026).
What is the intrinsic value of Agricultural Bank of China Ltd Class A (601288)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Agricultural Bank of China Ltd Class A it is ¥9.14 per share (as of Nov 4, 2026), against a price of ¥7.25. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Agricultural Bank of China Ltd Class A stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 601288 trades below its calculated fair value: price ¥7.25, fair value ¥9.14, a gap of about +26% (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 601288?
No. The price is what the market pays today (¥7.25); the fair value is what the company's own numbers justify (¥9.14). For Agricultural Bank of China Ltd Class A the two are ¥1.89 per share apart. That gap is exactly why we show both numbers side by side.
How much is Agricultural Bank of China Ltd Class A worth?
The market values Agricultural Bank of China Ltd Class A at about 2.5T CNY (market capitalisation, as of Nov 4, 2026). Per share that is ¥7.25; our models calculate a fair value of ¥9.14 per share.
What do the bullish and bearish scenarios say about 601288?
Our models span a range for Agricultural Bank of China Ltd Class A: cautious scenario ¥6.86, base ¥9.14, optimistic ¥11.43 per share (as of Nov 4, 2026, price ¥7.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 601288?
Agricultural Bank of China Ltd Class A trades at a price-to-earnings ratio of 8.9 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥9.14 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 5.7. Other multiples: PEG 1.5, P/B 0.8, P/S 3.9.
What is the PEG ratio of 601288?
The PEG ratio of Agricultural Bank of China Ltd Class A is 1.55 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Agricultural Bank of China Ltd Class A (601288)?
Balance-sheet figures for Agricultural Bank of China Ltd Class A (as of Nov 4, 2026): return on equity 9.4%, debt of 0.10 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 601288 from its 52-week high?
Agricultural Bank of China Ltd Class A trades at ¥7.25, about 16% below its 52-week high of ¥8.59 and 23% above the low of ¥5.90 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥9.14 is for.
Which stocks are comparable to Agricultural Bank of China Ltd Class A?
From the same area (Financial Services) we also value JPMorgan Chase & Co, China Construction Bank Corporation, Industrial and Commercial Bank of China Limited, Bank of America Corporation, 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 Agricultural Bank of China Ltd Class A stock attractive at the current price?
The data as of Nov 4, 2026: price ¥7.25, calculated fair value ¥9.14 (+26%), Quality Score 61/100, 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 601288 calculated?
We run Agricultural Bank of China Ltd Class A 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 ¥9.14, 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 15.0% above its aggregate fair value. Agricultural Bank of China Ltd Class A currently trades 21% 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 Agricultural Bank of China Ltd Class A (601288)?
The closing price on Nov 5, 2026 was ¥7.25. Our model-based fair value is ¥9.14, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Agricultural Bank of China Ltd Class A right now?
Solid quality (61/100) 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.
Where does the earnings growth of Agricultural Bank of China Ltd Class A (601288) come from?
Earnings per share at Agricultural Bank of China Ltd Class A grew +4.1 % a year from 2013 to 2024. Broken into its drivers: revenue per share +1.9 %, EBIT margin +1.3 %, tax rate +1.3 %, 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 Agricultural Bank of China Ltd Class A

How large is the market capitalisation of Agricultural Bank of China Ltd Class A (601288)?
The market capitalisation of Agricultural Bank of China Ltd Class A is 2.5T CNY (≈ $381B). 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 Agricultural Bank of China Ltd Class A (601288)?
The price-to-sales ratio of Agricultural Bank of China Ltd Class A is 3.92 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Agricultural Bank of China Ltd Class A (601288)?
Earnings per share at Agricultural Bank of China Ltd Class A are ¥0.8400 (price ÷ EPS = P/E 8.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Agricultural Bank of China Ltd Class A (601288)?
The dividend yield of Agricultural Bank of China Ltd Class A is 3.6% (payout 31.0%). 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 Agricultural Bank of China Ltd Class A (601288)?
The net margin of Agricultural Bank of China Ltd Class A is 47.4% (last twelve months). 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 Agricultural Bank of China Ltd Class A (601288)?
The return on equity (ROE) of Agricultural Bank of China Ltd Class A is 9.4% (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 Agricultural Bank of China Ltd Class A (601288)?
On an EBIT basis the return on assets of Agricultural Bank of China Ltd Class A is 1.0% (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 Agricultural Bank of China Ltd Class A (601288)?
The operating margin of Agricultural Bank of China Ltd Class A is 60.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Agricultural Bank of China Ltd Class A (601288)?
Revenue at Agricultural Bank of China Ltd Class A is growing +13.3% versus a year earlier (3y avg +9.6%). 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 Agricultural Bank of China Ltd Class A (601288)?
Earnings per share at Agricultural Bank of China Ltd Class A are growing +13.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Agricultural Bank of China Ltd Class A (601288) generate?
The free cash flow of Agricultural Bank of China Ltd Class A is 2.1T CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Agricultural Bank of China Ltd Class A (601288) hold?
Agricultural Bank of China Ltd Class A holds more cash than debt, 309B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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