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Alandsbanken Abp B (ALBBV) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Alandsbanken Abp B stock €36.29, price €41.50, that is 12.6% below the price, quality 51 out of 100. Rating: 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 FI0009001127

AA Alandsbanken Abp B logo Broad data Nov 6, 2026

Alandsbanken Abp B

ALBBV · HE
Solid, but expensive

Our calculation puts a fair price 13% below what the stock costs today.

Highly profitable · 22.5% net margin (TTM)
Broad data
Quality 51/100
Mixed Growth (revenue 5y +13.4 %/yr in EUR)
6.6% dividend yield · Watch coverage
Wide moat 67/100 · thin data
Fair value €36.29 · Overvalued (−12.6%)
Trails peers (5/13)
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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

€49.80 €22.74 Fair Value €36.29 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 €22.74 – €49.80 · fair‑value band €24.09 – €45.36 · the €41.50 price screens above the €36.29 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

Ålandsbanken Abp, together with its subsidiaries, operates as a commercial bank for private individuals and companies in Finland and Sweden.

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It offers deposit accounts, including savings accounts, time deposits, and cash accounts connected to securities accounts; digital services and insurance; cashier and payment intermediate services; debit and credit cards; the Premium concept; bank safety deposit boxes; and currency exchange services.

The company also provides financial services, such as lending products and securities account loans. In addition, it offers Investment services, which include discretionary asset management, advisory asset management, mutual fund management, and securities brokerage; and IT as a service.

Further, the company supplies banking computer systems for small and medium-sized banks. Ålandsbanken Abp was incorporated in 1919 and is headquartered in Mariehamn, Finland. The Bank of Åland was founded on Åland in 1919 and the group with its three subsidiaries.

The bank was listed on the stock exchange in 1942 and has operations in Åland as well as in Finland and Sweden.

Stock analysis

Alandsbanken Abp B (ALBBV) currently trades at €41.50, while our model-based Fair Value estimate is €36.29, 13% 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 €42.30 per share, and 2 of the 6 models we run sit above the €41.50 price.

Bear case: the Asset-Based group reads lowest at €13.07, and 4 of the 6 models stay below the price. Data coverage for this calculation is high.

Scenario range: €24.09 (bear) to €45.36 (bull), the price of €41.50 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 51/100 (solid quality), in the Financial Services sector.

Mixed Growth: Spin-off in 2011: revenue and profit before it include the divested business. Growth is measured afresh from 2011.

Alandsbanken Abp B reported revenue of €296M in FY2025 versus €178M in FY2021, a compound +13.6%/yr. Reported net income was €54.6M in FY2025, compounding +8.2%/yr from FY2021.

Key figures

Market cap €641M Small · P/E ratio 12.8 · P/S ratio 2.93 · EPS (TTM) €3.19 · Dividend yield 6.6% · Net margin 22.5% · Return on equity 14.8% · Return on assets (EBIT) 1.1% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).

What moves the price

The share trades about 17% below its 52-week high and 3% 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 −13%, ALBBV screens cheaper than that median.

Fair Value models

Bear €24.09 Fair Value €36.29 Bull €45.36
Price €41.50 · Downside -12.6%
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 (€0.3761 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 €21.61 €26.46 €35.38 75
Gordon GGM €24.09 €46.43 €67.99 65
DDM Multi-Stage €24.09 €38.17 €49.22 64
All 6 models by family
Dividend Discount
Gordon GGM €24.09 €46.43 €67.99 65
DDM Multi-Stage €24.09 €38.17 €49.22 64
Multiples
P/E Multiple €34.45 €45.94 €57.42 61
P/B Multiple €19.97 €26.63 €33.29 53
Asset-Based
NCAV (Graham) €9.75 €13.07 €19.51 52
Economic Profit
Residual Income €21.61 €26.46 €35.38 75

Open the full fair value analysis →

Quality Score breakdown

Overall quality 51/100

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

Profitability 35
How much profit the company makes from its sales and capital
Quality Growth 54
Are margins and returns getting better?
Cashflow 10
Do the profits arrive as real cash?
Financial strength 14
Debt, balance sheet and risk of trouble
Investment 99
Does it invest with discipline instead of growing at any price?
Low Volatility 96
How calm the share price moves, does not count
Price momentum 37
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 22
Distance to the 52-week high, does not count
New shares 81
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. 55/100
Spin-off in 2011: revenue and profit before it include the divested business. Growth is measured afresh from 2011.
Revenue growth 1 year
−6.1%
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.
+14.6%
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.
+13.4%
Start year 2020 (pandemic). Over 10 years: +7.5% a year
Revenue growth 14 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.
+5.4%
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.
+18.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.8%
Dividend (yield on the price)6.6%
Per share before 2011divided by the spin-off factor 1.0738
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.11.8% vs 10.7%, steady
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.25% → 23%
Pace: the 5-year rate starts in 2020 (pandemic)

ALBBV screens overvalued: fair value 13% 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 · 998 stocks

Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 51 · Below median
Fair Value upside −12.6% · Above median
Profitability
Return on equity (12 months) 14.8% · Top 25%
Return on assets 1.1% · Above median
Net margin (12 months) 22.5% · Below median
Operating margin (12 months) 29.5% · Below median
Growth and dividend
Revenue growth (quarter YoY) 2.1% · Below median
Dividend yield (12 months) 6.6% · Top 25%
Balance sheet
Debt / equity 2.23× · Highest 25%

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 12.8× · Pricier than median
P/B 1.97× · Priciest 25%
P/S (12 months) 2.93× · Cheaper than median
EV/EBITDA 14.5× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)17 · sector 8
FUTURE (revenue growth)11 · sector 47
PAST (return on equity)59 · 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.

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 ALBBV
China Merchants Bank Co 600036 ¥42.88 ¥52.73 +23% vs ALBBV
BNP Paribas SA BNP €91.93 €106.01 +15% vs ALBBV
Intesa Sanpaolo S.p.A ISP €6.18 €4.49 −27% vs ALBBV
State Bank of India SBIN ₹1,019 ₹736.65 −28% vs ALBBV
UniCredit S.p.A UCG €76.80 €50.44 −34% vs ALBBV
Mizuho Financial Group MFG $9.40 $5.90 −37% vs ALBBV
DBS Group D05 69.72 SGD 40.39 SGD −42% vs ALBBV
HDFC Bank Limited HDFCBANK ₹788.25 ₹406.39 −48% vs ALBBV
ICICI Bank Limited ICICIBANK ₹1,571 ₹615.63 −61% vs ALBBV

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Alandsbanken Abp B: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Alandsbanken Abp B Fair Value". https://www.fairvalue-calculator.com/stock/ALBBV

Frequently asked questions

Is Alandsbanken Abp B (ALBBV) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of €36.29 versus a price of €41.50, about 13% lower (overvalued).
What is the fair value of ALBBV?
Our model-based fair value for Alandsbanken Abp B is €36.29 (as of Nov 6, 2026), built from audited fundamentals. The current price: €41.50.
What is the quality score of ALBBV?
Alandsbanken Abp B has a Quality Score of 51/100. 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 Alandsbanken Abp B (ALBBV)?
Our model-based price target is the fair value of €36.29 (as of Nov 6, 2026) from 6 valuation models. Cautious scenario €24.09, optimistic scenario €45.36. It is a calculation from audited fundamentals, not an analyst target.
What is the Alandsbanken Abp B stock forecast for 2026?
Our models put fair value at €36.29, about 13% lower versus a price of €41.50 (overvalued). Cautious scenario €24.09, optimistic scenario €45.36. The calculation is refreshed regularly with new filings.
What is the revenue of Alandsbanken Abp B (ALBBV)?
Alandsbanken Abp B reported trailing-twelve-month revenue of about €219M (latest available figure, as of Nov 6, 2026).
Does Alandsbanken Abp B pay a dividend?
Alandsbanken Abp B currently shows a dividend yield of 6.63% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Alandsbanken Abp B (ALBBV) and when is the ex-dividend date?
Alandsbanken Abp B pays a dividend of €2.75 per share a year, a dividend yield of 6.6%. The last ex-dividend date was Jul 20, 2026. A dividend has been paid every year since 2021. The payout ratio is 86.2% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Alandsbanken Abp B (ALBBV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Alandsbanken Abp B it is €36.29 per share (as of Nov 6, 2026), against a price of €41.50. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Alandsbanken Abp B stock overvalued or undervalued in 2026?
As of Nov 6, 2026, ALBBV trades above its calculated fair value: price €41.50, fair value €36.29, a gap of about −13% (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 ALBBV?
No. The price is what the market pays today (€41.50); the fair value is what the company's own numbers justify (€36.29). For Alandsbanken Abp B the two are €5.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Alandsbanken Abp B worth?
The market values Alandsbanken Abp B at about €641M (market capitalisation, as of Nov 6, 2026). Per share that is €41.50; our models calculate a fair value of €36.29 per share.
What do the bullish and bearish scenarios say about ALBBV?
Our models span a range for Alandsbanken Abp B: cautious scenario €24.09, base €36.29, optimistic €45.36 per share (as of Nov 6, 2026, price €41.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALBBV?
Alandsbanken Abp B trades at a price-to-earnings ratio of 12.8 (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 €36.29 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 10.4. Other multiples: P/B 2.0, P/S 2.9, EV/EBITDA 14.5.
How solid is the balance sheet of Alandsbanken Abp B (ALBBV)?
Balance-sheet figures for Alandsbanken Abp B (as of Nov 6, 2026): return on equity 14.8%, debt of 2.23 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is ALBBV from its 52-week high?
Alandsbanken Abp B trades at €41.50, about 17% below its 52-week high of €49.80 and 3% above the low of €40.20 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €36.29 is for.
Which stocks are comparable to Alandsbanken Abp B?
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 Alandsbanken Abp B stock attractive at the current price?
The data as of Nov 6, 2026: price €41.50, calculated fair value €36.29 (−13%), Quality Score 51/100, 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 ALBBV calculated?
We run Alandsbanken Abp B through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of €36.29 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. Alandsbanken Abp B 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 Alandsbanken Abp B (ALBBV)?
The closing price on Nov 6, 2026 was €41.50. Our model-based fair value is €36.29, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Alandsbanken Abp B right now?
Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€24.09 to €45.36) leaves room in how you read the outcome. 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 Alandsbanken Abp B (ALBBV) come from?
Earnings per share at Alandsbanken Abp B grew +10.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.5 %, EBIT margin +1.7 %, tax rate +0.2 %, residual (interest, one-offs) +0.2 %. 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 Alandsbanken Abp B

How large is the market capitalisation of Alandsbanken Abp B (ALBBV)?
The market capitalisation of Alandsbanken Abp B is €641M. 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 Alandsbanken Abp B (ALBBV)?
The price-to-sales ratio of Alandsbanken Abp B is 2.93 (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 Alandsbanken Abp B (ALBBV)?
Earnings per share at Alandsbanken Abp B are €3.19 (price ÷ EPS = P/E 12.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Alandsbanken Abp B (ALBBV)?
The dividend yield of Alandsbanken Abp B is 6.6% (payout 86.2%). 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 Alandsbanken Abp B (ALBBV)?
The net margin of Alandsbanken Abp B is 22.5% (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 Alandsbanken Abp B (ALBBV)?
The return on equity (ROE) of Alandsbanken Abp B is 14.8% (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 Alandsbanken Abp B (ALBBV)?
On an EBIT basis the return on assets of Alandsbanken Abp B is 1.1% (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 Alandsbanken Abp B (ALBBV)?
The operating margin of Alandsbanken Abp B is 29.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Alandsbanken Abp B (ALBBV)?
Revenue at Alandsbanken Abp B is growing +2.1% versus a year earlier (3y avg +14.6%). 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 Alandsbanken Abp B (ALBBV)?
Earnings per share at Alandsbanken Abp B are growing −3.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Alandsbanken Abp B (ALBBV) generate?
The free cash flow of Alandsbanken Abp B is −€7.5M (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 Alandsbanken Abp B (ALBBV) carry?
The net debt of Alandsbanken Abp B is €745M (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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