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

As of Sep 23, 2026: fair value of Alandsbanken Abp B €36.61, price €43.20, upside -15.3%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Financial Services · FI · ISIN FI0009001127

AA Broad data Sep 23, 2026

Alandsbanken Abp B

ALBBV · HE

Weak valuationQuality is weak on top of the rich price.

!Fair value €36.61 · Overvalued (−15%)
!Quality 49/100
!Expensive Growth (revenue 5y +13.4 %/yr)
✓Highly profitable · 24.7% net margin (TTM)
!High debt · negative free cash flow
·6.37% dividend yield
!Trails peers (4/13)
✓Wide moat 70/100
!Weak on valuation: 13 out of 100
!Weak on future: 5 out of 100
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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 €21.57 Fair Value €36.61 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range €21.57 – €49.80 · fair‑value band €24.08 – €45.76 · the €43.20 price screens above the €36.61 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 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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Ålandsbanken Abp, together with its subsidiaries, operates as a commercial bank for private individuals and companies in Finland and Sweden. 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 €43.20, while our model-based Fair Value estimate is €36.61, implying the stock looks roughly 18.0% overvalued today.

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Valuation

Bull case: the Dividend Discount group reads highest at a median of €34.02 per share, and 1 of the 6 models we run sit above the €43.20 price.

Bear case: the Asset-Based group reads lowest at €14.09, and 5 of the 6 models stay below the price. Evidence for this calculation is high.

Scenario range: €24.08 (bear) to €45.76 (bull), the price of €43.20 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 49/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

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 €668M · P/E ratio 12.3 · P/S ratio 2.26 · EPS (TTM) €3.49 · Dividend yield 6.4% · Net margin 18.4% · Return on equity 16.9% · Return on assets (EBIT) 1.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

The share trades about 13% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −15%, ALBBV screens cheaper than that median.

Fair Value models

Bear €24.08 Fair Value €36.61 Bull €45.76
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.5413 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. Evidence ⓘEvidence = 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.
Highest evidence
Residual Income €20.70 €25.10 €43.33 72
Gordon GGM €22.12 €39.85 €54.86 65
DDM Multi-Stage €22.12 €34.02 €42.57 65
All 6 models by family
Dividend Discount
Gordon GGM €22.12 €39.85 €54.86 65
DDM Multi-Stage €22.12 €34.02 €42.57 65
Multiples
P/E Multiple €34.44 €45.92 €57.40 61
P/B Multiple €22.08 €29.44 €36.80 53
Asset-Based
NCAV (Graham) €10.51 €14.09 €21.03 52
Economic Profit
Residual Income €20.70 €25.10 €43.33 72

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Quality Score breakdown

Overall quality 49/100

Of which business quality 41 · Market factors (momentum, volatility) 56

Profitability 35
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 14
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 96
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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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. 61/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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 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.
+4.6%
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.
+18.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.8%
Dividend (yield on the price)6.4%
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.12% vs 11%, 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%
Start year 2020 (pandemic)

ALBBV screens 18% overvalued. Compare with DBS Group →

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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 · 1074 stocks

Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 51 · Below median
Fair Value upside −16% · Above median
Profitability
Return on equity (TTM) 17% · Top 25%
Return on assets 1% · Above median
Net margin (TTM) 25% · Below median
Operating margin (TTM) 30% · Below median
Growth and dividend
Revenue growth 1% · Below median
Dividend yield (TTM) 6.4% · Top 25%
Balance sheet
Debt / equity 2.23× · Highest 25%

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (TTM) 12.3× · Pricier than median
P/B 2.35× · Priciest 25%
P/S (TTM) 3.48× · Pricier than median
EV/EBITDA 16.1× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)13 · sector 12
FUTURE (revenue growth)5 · sector 45
PAST (return on equity)67 · sector 41
HEALTH (low debt)0 · sector 85
DIVIDEND (yield)100 · sector 53

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.

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DBS Group D05 77.80 SGD 40.48 SGD −48%
China Merchants Bank Co 3968 HK$51.65 HK$64.29 +24%
Intesa Sanpaolo S.p.A ISP €6.73 €4.04 −40%
HDFC Bank Limited HDFCBANK ₹738.60 ₹418.52 −43%
BNP Paribas SA BNP €101.30 €105.99 +5%
UniCredit S.p.A UCG €83.28 €77.62 −7%
Mizuho Financial Group MFG $10.87 $6.75 −38%
ICICI Bank Limited ICICIBANK ₹1,340 ₹636.31 −53%
The PNC Financial Services Group PNC $227.96 $159.52 −30%
Oversea-Chinese Banking Corporation O39 32.14 SGD 19.80 SGD −38%

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Alandsbanken Abp B · Fair Value
€36.61 −18%Fair Value
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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 Sep 23, 2026, our model estimates a fair value of €36.61 versus a price of €43.20, about −15% upside (overvalued).
What is the fair value of ALBBV?
Our model-based fair value for Alandsbanken Abp B is €36.61 (as of Sep 23, 2026), built from audited fundamentals. The current price: €43.20.
What is the quality score of ALBBV?
Alandsbanken Abp B has a Quality Score of 49/100. 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 €36.61 (as of Sep 23, 2026) from 6 valuation models. Cautious scenario €24.08, optimistic scenario €45.76. 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 €36.61, about −15% upside versus a price of €43.20 (overvalued). Cautious scenario €24.08, optimistic scenario €45.76. 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 Sep 23, 2026).
Does Alandsbanken Abp B pay a dividend?
Alandsbanken Abp B currently shows a dividend yield of about 6.37% relative to its recent price (as of Sep 23, 2026).
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 €36.61 per share (as of Sep 23, 2026), against a price of €43.20. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Alandsbanken Abp B stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ALBBV trades above its calculated fair value: price €43.20, fair value €36.61, a gap of about −15% (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 (€43.20); the fair value is what the company's own numbers justify (€36.61). For Alandsbanken Abp B the two are €6.59 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 €668M (market capitalisation, as of Sep 23, 2026). Per share that is €43.20; our models calculate a fair value of €36.61 per share.
What do the bullish and bearish scenarios say about ALBBV?
Our models span a range for Alandsbanken Abp B: cautious scenario €24.08, base €36.61, optimistic €45.76 per share (as of Sep 23, 2026, price €43.20). 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 12.3 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €36.61 is built from several models across several years. Other multiples: P/B 2.4, P/S 3.5, EV/EBITDA 16.1.
How solid is the balance sheet of Alandsbanken Abp B (ALBBV)?
Balance-sheet figures for Alandsbanken Abp B (as of Sep 23, 2026): return on equity 16.9%, debt of 2.23 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is ALBBV from its 52-week high?
Alandsbanken Abp B trades at €43.20, about 13% below its 52-week high of €49.80 and 7% above the low of €40.32 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €36.61 is for.
Which stocks are comparable to Alandsbanken Abp B?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, 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 Sep 23, 2026: price €43.20, calculated fair value €36.61 (−15%), Quality Score 49/100, 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 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 €36.61, 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 14.1 % 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 Sep 23, 2026 was €43.20. Our model-based fair value is €36.61, about −15% upside (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 (49/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€24.08 to €45.76) 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 €668M. 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 2.26 (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 Alandsbanken Abp B (ALBBV)?
Earnings per share at Alandsbanken Abp B are €3.49 (price ÷ EPS = P/E 12.3). 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 6.4% (payout 78.8%). 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 Alandsbanken Abp B (ALBBV)?
The net margin of Alandsbanken Abp B is 18.4% (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 Alandsbanken Abp B (ALBBV)?
The return on equity (ROE) of Alandsbanken Abp B is 16.9% (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 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 30.4% (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 +0.9% 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 −4.2% 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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