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Aktia Bank Abp (AKTIA) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Aktia Bank Abp stock €5.53, price €11.68, that is 52.7% below the price, quality 50 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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Financial Services FI · ISIN FI4000058870

AB Aktia Bank Abp logo Broad data Nov 6, 2026

Aktia Bank Abp

AKTIA · HE
Solid, but very expensive

Our calculation puts a fair price 53% below what the stock costs today.

Broad data
Quality 50/100
Mixed Growth (revenue 5y +27.2 %/yr in EUR)
Thin margins · 4.6% net margin (TTM)
6.8% dividend yield · Payout strained
Costs 90 times its yearly profit.
Fair value €5.53 · Strongly overvalued
Trails peers (1/14)
Narrow moat 42/100 · thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

€13.34 €6.73 Fair Value €5.53 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range €6.73 – €13.34 · fair‑value band €4.15 – €6.91 · the €11.68 price screens above the €5.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

Aktia Pankki Oyj, together with its subsidiaries, provides banking and financing solutions in Finland. It operates through four segments: Asset Management, Banking Business, Life Insurance, and Group Functions.

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The company offers banking services, including savings; fixed income, equity, and alternative investments; leisure, investment, and reverse mortgages; construction, investment, unsecured consumer, ASP, student, and green loans; secured consumer credit; and life, disability, critical illness, and group pension insurance products.

It also provides investment, asset, and wealth management; business, customer funds, and currency accounts, as well as savings deposit; payment transactions; cards; online services; and financing services, such as bank guarantee, installment, leasing, and factoring.

In addition, the company offers financing and liquidity management; sales assistance; and IT and product support and development. It serves individuals, corporate customers, and institutions.

The company was formerly known as Aktia Savings Bank Plc, Banking Services and changed its name to Aktia Pankki Oyj in March 2008. Aktia Pankki Oyj was founded in 1825 and is headquartered in Helsinki, Finland.

Stock analysis

Aktia Bank Abp (AKTIA) currently trades at €11.68, while our model-based Fair Value estimate is €5.53, 53% 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 €12.47 per share, and 1 of the 6 models we run sit above the €11.68 price.

Bear case: the Asset-Based group reads lowest at €4.98, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.

Scenario range: €4.15 (bear) to €6.91 (bull), the price of €11.68 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 50/100 (solid quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Aktia Bank Abp reported revenue of €678M in FY2025 versus €261M in FY2021, a compound +27.0%/yr. Reported net income was €10.3M in FY2025, compounding −37.5%/yr from FY2021.

Key figures

Market cap €858M Small · P/E ratio 89.8 · P/S ratio 3.32 · EPS (TTM) €0.1300 · Dividend yield 6.8% · Net margin 4.6% · Return on equity 1.8% · Return on assets (EBIT) 0.7% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 12% below its 52-week high and 17% 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 −53%, AKTIA screens richer than that median.

Fair Value models

Bear €4.15 Fair Value €5.53 Bull €6.91
Price €11.68 · Downside -52.7%
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. 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 €5.52 €5.66 €5.97 76
Gordon GGM €6.88 €13.26 €19.41 67
DDM Multi-Stage €6.88 €11.67 €14.05 67
All 6 models by family
Dividend Discount
Gordon GGM €6.88 €13.26 €19.41 67
DDM Multi-Stage €6.88 €11.67 €14.05 67
Multiples
P/E Multiple €1.36 €1.82 €2.27 63
P/B Multiple €6.93 €9.24 €11.55 55
Asset-Based
NCAV (Graham) €3.72 €4.98 €7.44 54
Economic Profit
Residual Income €5.52 €5.66 €5.97 76

Open the full fair value analysis →

Quality Score breakdown

Overall quality 50/100

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

Profitability 13
How much profit the company makes from its sales and capital
Quality Growth 54
Are margins and returns getting better?
Cashflow 51
Do the profits arrive as real cash?
Financial strength 16
Debt, balance sheet and risk of trouble
Investment 94
Does it invest with discipline instead of growing at any price?
Low Volatility 92
How calm the share price moves, does not count
Price momentum 49
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 52
Distance to the 52-week high, does not count
New shares 77
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. 85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+16.5%
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.
+28.0%
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.
+27.2%
Start year 2020 (pandemic). Over 10 years: +10.6% a year
Revenue growth 17 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.
+7.6%
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.
−24.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−30.9%
Dividend (yield on the price)6.8%
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.−30.9% vs −15.8%, slowing
Profit margin 2020 to 2025 ⓘ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.27% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)

AKTIA screens overvalued: fair value 53% below the price. Compare with China Merchants Bank Co →

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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 · 996 stocks

Beats the industry median on 1/14 measures
Overall it trails its industry peers.
Valuation
Quality Score 50 · Below median
Fair Value upside −52.7% · Bottom 25%
Profitability
Return on equity (12 months) 1.8% · Bottom 25%
Return on assets 0.1% · Bottom 25%
Net margin (12 months) 4.6% · Bottom 25%
Operating margin (12 months) 24.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −4.1% · Bottom 25%
Dividend yield (12 months) 6.8% · Top 25%
Balance sheet
Debt / equity 7.02× · Highest 25%

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 89.8× · Priciest 25%
P/B 1.48× · Pricier than median
P/S (12 months) 3.32× · Pricier than median
Price / free cash flow (fiscal year) 27.4× · Priciest 25%
EV/EBITDA 45.0× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 8
FUTURE (revenue growth)0 · sector 47
PAST (return on equity)7 · sector 43
HEALTH (low debt)–
DIVIDEND (yield)100 · sector 53

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

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

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 ¥5.53 ¥7.59 +37% vs AKTIA
China Merchants Bank Co 600036 ¥42.88 ¥52.73 +23% vs AKTIA
BNP Paribas SA BNP €91.93 €106.01 +15% vs AKTIA
Intesa Sanpaolo S.p.A ISP €6.18 €4.49 −27% vs AKTIA
State Bank of India SBIN ₹1,019 ₹736.65 −28% vs AKTIA
UniCredit S.p.A UCG €76.80 €50.44 −34% vs AKTIA
Mizuho Financial Group MFG $9.40 $5.89 −37% vs AKTIA
DBS Group D05 69.72 SGD 40.39 SGD −42% vs AKTIA
HDFC Bank Limited HDFCBANK ₹788.25 ₹406.39 −48% vs AKTIA
ICICI Bank Limited ICICIBANK ₹1,571 ₹615.63 −61% vs AKTIA

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Aktia Bank Abp: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Aktia Bank Abp Fair Value". https://www.fairvalue-calculator.com/stock/AKTIA

Frequently asked questions

Is Aktia Bank Abp (AKTIA) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €5.53 versus a price of €11.68, about 53% lower (overvalued).
What is the fair value of AKTIA?
Our model-based fair value for Aktia Bank Abp is €5.53 (as of Nov 6, 2026), built from audited fundamentals. The current price: €11.68.
What is the quality score of AKTIA?
Aktia Bank Abp has a Quality Score of 50/100. 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 Aktia Bank Abp (AKTIA)?
Our model-based price target is the fair value of €5.53 (as of Nov 6, 2026) from 6 valuation models. Cautious scenario €4.15, optimistic scenario €6.91. It is a calculation from audited fundamentals, not an analyst target.
What is the Aktia Bank Abp stock forecast for 2026?
Our models put fair value at €5.53, about 53% lower versus a price of €11.68 (overvalued). Cautious scenario €4.15, optimistic scenario €6.91. The calculation is refreshed regularly with new filings.
What is the revenue of Aktia Bank Abp (AKTIA)?
Aktia Bank Abp reported trailing-twelve-month revenue of about €289M (latest available figure, as of Nov 6, 2026).
Does Aktia Bank Abp pay a dividend?
Aktia Bank Abp currently shows a dividend yield of 6.85% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Aktia Bank Abp (AKTIA) and when is the ex-dividend date?
Aktia Bank Abp pays a dividend of €0.8 per share a year, a dividend yield of 6.8%. The last ex-dividend date was Apr 2, 2026. A dividend has been paid every year since at least 2011. Our assessment: Payout strained. The dividend exceeds reported earnings (though reported profit is often depressed by one-off charges), and free cash flow only just covers it (or coverage is unknown). Not an emergency, but little room for error.
What is the intrinsic value of Aktia Bank Abp (AKTIA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aktia Bank Abp it is €5.53 per share (as of Nov 6, 2026), against a price of €11.68. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Aktia Bank Abp stock overvalued or undervalued in 2026?
As of Nov 6, 2026, AKTIA trades above its calculated fair value: price €11.68, fair value €5.53, a gap of about −53% (overvalued). 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 AKTIA?
No. The price is what the market pays today (€11.68); the fair value is what the company's own numbers justify (€5.53). For Aktia Bank Abp the two are €6.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is Aktia Bank Abp worth?
The market values Aktia Bank Abp at about €858M (market capitalisation, as of Nov 6, 2026). Per share that is €11.68; our models calculate a fair value of €5.53 per share.
What do the bullish and bearish scenarios say about AKTIA?
Our models span a range for Aktia Bank Abp: cautious scenario €4.15, base €5.53, optimistic €6.91 per share (as of Nov 6, 2026, price €11.68). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AKTIA?
Aktia Bank Abp trades at a price-to-earnings ratio of 89.8 (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 €5.53 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 12.0. Other multiples: P/B 1.5, P/S 3.3, EV/EBITDA 45.0.
How solid is the balance sheet of Aktia Bank Abp (AKTIA)?
Balance-sheet figures for Aktia Bank Abp (as of Nov 6, 2026): return on equity 1.8%, debt of 7.02 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is AKTIA from its 52-week high?
Aktia Bank Abp trades at €11.68, about 12% below its 52-week high of €13.34 and 17% above the low of €9.94 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €5.53 is for.
Which stocks are comparable to Aktia Bank Abp?
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 Aktia Bank Abp stock attractive at the current price?
The data as of Nov 6, 2026: price €11.68, calculated fair value €5.53 (−53%), Quality Score 50/100, 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 AKTIA calculated?
We run Aktia Bank Abp through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of €5.53 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 13.3% above its aggregate fair value. Aktia Bank Abp 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 Aktia Bank Abp (AKTIA)?
The closing price on Nov 6, 2026 was €11.68. Our model-based fair value is €5.53, about 53% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aktia Bank Abp right now?
The price sits above even our optimistic bull case (€6.91). The favourable scenario is already priced in. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. 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 Aktia Bank Abp (AKTIA) come from?
Earnings per share at Aktia Bank Abp grew +0.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.0 %, EBIT margin −7.8 %, tax rate −0.7 %, residual (interest, one-offs) +0.1 %. 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 Aktia Bank Abp

How large is the market capitalisation of Aktia Bank Abp (AKTIA)?
The market capitalisation of Aktia Bank Abp is €858M. 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 Aktia Bank Abp (AKTIA)?
The price-to-sales ratio of Aktia Bank Abp is 3.32 (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 Aktia Bank Abp (AKTIA)?
Earnings per share at Aktia Bank Abp are €0.1300 (price ÷ EPS = P/E 89.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Aktia Bank Abp (AKTIA)?
The dividend yield of Aktia Bank Abp is 6.8%. 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 Aktia Bank Abp (AKTIA)?
The net margin of Aktia Bank Abp is 4.6% (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 Aktia Bank Abp (AKTIA)?
The return on equity (ROE) of Aktia Bank Abp is 1.8% (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 Aktia Bank Abp (AKTIA)?
On an EBIT basis the return on assets of Aktia Bank Abp 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 Aktia Bank Abp (AKTIA)?
The operating margin of Aktia Bank Abp is 24.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aktia Bank Abp (AKTIA)?
Revenue at Aktia Bank Abp is growing −4.1% versus a year earlier (3y avg +28.0%). 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 Aktia Bank Abp (AKTIA)?
Earnings per share at Aktia Bank Abp are growing −32.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Aktia Bank Abp (AKTIA) generate?
The free cash flow of Aktia Bank Abp is €34.9M (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 Aktia Bank Abp (AKTIA) carry?
The net debt of Aktia Bank Abp is €4.1B (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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