Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Banco del Bajío S.A. Institución de Banca Múltiple MXN 77.33, price MXN 57.25, upside +35.1%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range 19.20 MXN – 58.68 MXN · fair‑value band 44.10 MXN – 96.66 MXN · the 57.25 MXN price screens below the 77.33 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Banco del Bajío, S.A., Institución de Banca Múltiple provides banking products and services in Mexico. The company offers electronic and specialized banking, banking insurance, credits, accounts, foreign exchange, investments, payroll, and credit card services.
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Banco del Bajío, S.A., Institución de Banca Múltiple provides banking products and services in Mexico. The company offers electronic and specialized banking, banking insurance, credits, accounts, foreign exchange, investments, payroll, and credit card services. It also provides agribusiness, level accounts, derivatives, electronic account statement, saving fund, electronic payroll, business package, and protection line services. The company was incorporated in 1994 and is based in León, Mexico.
Stock analysis
Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO) currently trades at 57.25 MXN, while our model-based Fair Value estimate is 77.33 MXN, implying the stock looks roughly 26.0% undervalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 81.47 MXN per share, and 4 of the 6 models we run sit above the 57.25 MXN price.
Bear case: the Asset-Based group reads lowest at 26.94 MXN, and 2 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: 44.10 MXN (bear) to 96.66 MXN (bull), the price of 57.25 MXN 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 62/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Banco del Bajío S.A. Institución de Banca Múltiple reported revenue of 26.2B MXN in FY2025 versus 14.1B MXN in FY2021, a compound +16.8%/yr. Reported net income was 9.1B MXN in FY2025, compounding +17.2%/yr from FY2021.
Key figures
Market cap 68.1B MXN (≈ $3.7B) · P/E ratio 7.9 · P/S ratio 2.75 · EPS (TTM) 7.21 MXN · Dividend yield 9.4% · Net margin 34.7% · Return on equity 18.6% · Return on assets (EBIT) 2.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 42% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at 35%, BBAJIOO screens cheaper than that median.
Fair Value models
Bear 44.10 MXNFair Value 77.33 MXNBull 96.66 MXN
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 (5.41 MXN 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.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.
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.94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−3.9%
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.
+15.0%
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.
+13.9%
Start year 2020 (pandemic). Over 10 years: +15.4% a year
Revenue growth 18 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.
+8.7%
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What shareholders gained per year (last 5 years), in MXN ⓘ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. Measured in MXN: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+22.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.5%
Dividend (yield on the price)9.4%
Profit margin 2014 to 2019 ⓘ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.54% → 51%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−17.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Mexico: IMF forecast 3.3% a year to 2030, 4.8% from 2016 to 2025) that is about −19.8% a year for the price and +3.5% for the forecasts.
Compare Banco del Bajío S.A. Institución de Banca Múltiple with another stock
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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 · 1057 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+35.1% · Top 25%
Profitability
Return on equity (TTM)18.6% · Top 25%
Return on assets2.2% · Top 25%
Net margin (TTM)39.2% · Top 25%
Operating margin (TTM)52.8% · Top 25%
Growth and dividend
Revenue growth4.8% · Below median
Dividend yield (TTM)9.4% · Top 25%
Balance sheet
Debt / equity0.64× · Above median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Banco del Bajío S.A. Institución de Banca Múltiple Fair Value". https://www.fairvalue-calculator.com/stock/BBAJIOO
Frequently asked questions
Is Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of 77.33 MXN versus a price of 57.25 MXN, about +35% upside (undervalued).
What is the fair value of BBAJIOO?
Our model-based fair value for Banco del Bajío S.A. Institución de Banca Múltiple is 77.33 MXN (as of Oct 1, 2026), built from audited fundamentals. The current price: 57.25 MXN.
What is the quality score of BBAJIOO?
Banco del Bajío S.A. Institución de Banca Múltiple has a Quality Score of 62/100. 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 Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
Our model-based price target is the fair value of 77.33 MXN (as of Oct 1, 2026) from 6 valuation models. Cautious scenario 44.10 MXN, optimistic scenario 96.66 MXN. It is a calculation from audited fundamentals, not an analyst target.
What is the Banco del Bajío S.A. Institución de Banca Múltiple stock forecast for 2026?
Our models put fair value at 77.33 MXN, about +35% upside versus a price of 57.25 MXN (undervalued). Cautious scenario 44.10 MXN, optimistic scenario 96.66 MXN. The calculation is refreshed regularly with new filings.
What is the revenue of Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
Banco del Bajío S.A. Institución de Banca Múltiple reported trailing-twelve-month revenue of about 21.9B MXN (latest available figure, as of Oct 1, 2026).
Does Banco del Bajío S.A. Institución de Banca Múltiple pay a dividend?
Banco del Bajío S.A. Institución de Banca Múltiple currently shows a dividend yield of about 9.38% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
For today's price to be fair in a discounted-cash-flow model, Banco del Bajío S.A. Institución de Banca Múltiple would have to grow free cash flow by -17.2 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.9 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of BBAJIOO use?
Our models discount Banco del Bajío S.A. Institución de Banca Múltiple at 10.5 %: a base by market capitalisation (mid), damped by beta 0.16, country premium for Mexico. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Banco del Bajío S.A. Institución de Banca Múltiple that is -17.2 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO) delivered so far?
Over the past 5 years revenue at Banco del Bajío S.A. Institución de Banca Múltiple grew +13.9 % a year. The price currently implies -17.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO) growing?
The median revenue growth in the sector is +9.1 % a year. That is the yardstick for the growth priced into Banco del Bajío S.A. Institución de Banca Múltiple (-17.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
The free-cash-flow yield on the price is 31.33 %: that much free cash flow Banco del Bajío S.A. Institución de Banca Múltiple produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Banco del Bajío S.A. Institución de Banca Múltiple it is 77.33 MXN per share (as of Oct 1, 2026), against a price of 57.25 MXN. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Banco del Bajío S.A. Institución de Banca Múltiple stock overvalued or undervalued in 2026?
As of Oct 1, 2026, BBAJIOO trades below its calculated fair value: price 57.25 MXN, fair value 77.33 MXN, a gap of about +35% (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 BBAJIOO?
No. The price is what the market pays today (57.25 MXN); the fair value is what the company's own numbers justify (77.33 MXN). For Banco del Bajío S.A. Institución de Banca Múltiple the two are 20.08 MXN per share apart. That gap is exactly why we show both numbers side by side.
How much is Banco del Bajío S.A. Institución de Banca Múltiple worth?
The market values Banco del Bajío S.A. Institución de Banca Múltiple at about 68.1B MXN (market capitalisation, as of Oct 1, 2026). Per share that is 57.25 MXN; our models calculate a fair value of 77.33 MXN per share.
What do the bullish and bearish scenarios say about BBAJIOO?
Our models span a range for Banco del Bajío S.A. Institución de Banca Múltiple: cautious scenario 44.10 MXN, base 77.33 MXN, optimistic 96.66 MXN per share (as of Oct 1, 2026, price 57.25 MXN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BBAJIOO?
Banco del Bajío S.A. Institución de Banca Múltiple trades at a price-to-earnings ratio of 7.9 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 77.33 MXN is built from several models across several years. Other multiples: P/B 1.4, P/S 3.1.
How solid is the balance sheet of Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
Balance-sheet figures for Banco del Bajío S.A. Institución de Banca Múltiple (as of Oct 1, 2026): return on equity 18.6%, debt of 0.64 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is BBAJIOO from its 52-week high?
Banco del Bajío S.A. Institución de Banca Múltiple trades at 57.25 MXN, about 2% below its 52-week high of 58.68 MXN and 42% above the low of 40.45 MXN (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of 77.33 MXN is for.
Which stocks are comparable to Banco del Bajío S.A. Institución de Banca Múltiple?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Intesa Sanpaolo S.p.A, 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 Banco del Bajío S.A. Institución de Banca Múltiple stock attractive at the current price?
The data as of Oct 1, 2026: price 57.25 MXN, calculated fair value 77.33 MXN (+35%), Quality Score 62/100, 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 BBAJIOO calculated?
We run Banco del Bajío S.A. Institución de Banca Múltiple 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 77.33 MXN, 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 14.7 % above its aggregate fair value. Banco del Bajío S.A. Institución de Banca Múltiple currently trades 26 % 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 Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
The closing price on Sep 30, 2026 was 57.25 MXN. Our model-based fair value is 77.33 MXN, about +35% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Banco del Bajío S.A. Institución de Banca Múltiple right now?
Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (44.10 MXN to 96.66 MXN) 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.
Key figures of Banco del Bajío S.A. Institución de Banca Múltiple
How large is the market capitalisation of Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
The market capitalisation of Banco del Bajío S.A. Institución de Banca Múltiple is 68.1B MXN (≈ $3.7B). 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 Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
The price-to-sales ratio of Banco del Bajío S.A. Institución de Banca Múltiple is 2.75 (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 Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
Earnings per share at Banco del Bajío S.A. Institución de Banca Múltiple are 7.21 MXN (price ÷ EPS = P/E 7.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
The dividend yield of Banco del Bajío S.A. Institución de Banca Múltiple is 9.4% (payout 74.5%). 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 Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
The net margin of Banco del Bajío S.A. Institución de Banca Múltiple is 34.7% (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 Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
The return on equity (ROE) of Banco del Bajío S.A. Institución de Banca Múltiple is 18.6% (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 Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
On an EBIT basis the return on assets of Banco del Bajío S.A. Institución de Banca Múltiple is 2.4% (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 Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
The operating margin of Banco del Bajío S.A. Institución de Banca Múltiple is 52.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
Revenue at Banco del Bajío S.A. Institución de Banca Múltiple is growing +4.8% versus a year earlier (3y avg +15.0%). 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 Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
Earnings per share at Banco del Bajío S.A. Institución de Banca Múltiple are growing +30.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO) carry?
The net debt of Banco del Bajío S.A. Institución de Banca Múltiple is 29.9B MXN (fiscal year 2025, ≈ 1.4 yrs of FCF). 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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