Banco do Brasil S.A. (BBAS3) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Banco do Brasil S.A. stock BRL 26.77, price BRL 17.10, upside +56.5%, quality 58 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Banco do Brasil S.A.
BBAS3 · SAThe stock costs 36% less than our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range R$9.38 – R$28.36 · fair‑value band R$25.75 – R$31.02 · the R$17.10 price screens below the R$26.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Company profile
Banco do Brasil S.A., together with its subsidiaries, provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.
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The company operates through Banking, Investments, Fund Management, Insurance (including insurance, private pension funds and capitalization) and Electronic Payments segments.
Its Banking segment offers various products and services, including deposits, loans, and other services to retail, wholesale, and public sectors. This segment also engages in the business with micro-entrepreneurs and other activities through banking correspondents.
Its Investments segment engages in the structuring and distribution of debt and equity instruments in the primary and secondary markets; and provision of financial services.
The company's Fund Management segment is involved in the purchase, sale, and custody of securities and portfolio management; and the structuring, organization, and management of investment funds and clubs.
Its Insurance segment provides life, property, and automobile insurance products, as well as private pension and capitalization plans. The company's Electronic Payment segment provides capture, transmission, processing, and financial settlement services for electronic payment transactions.
Its Other segment engages in the provision of credit recovery and consortium management services. This segment is also involved in the development, manufacturing, sale, rental, and integration of digital electronic systems, peripherals, programs, inputs, and computing supplies.
The company was incorporated in 1808 and is headquartered in Brasília, Brazil.
Stock analysis
Banco do Brasil S.A. (BBAS3) currently trades at R$17.10, while our model-based Fair Value estimate is R$26.77, implying the stock looks roughly 36% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of R$37.31 per share, and 4 of the 6 models we run sit above the R$17.10 price.
Bear case: the Dividend Discount group reads lowest at R$16.18, and 2 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: R$25.75 (bear) to R$31.02 (bull), the price of R$17.10 sits below 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 58/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Banco do Brasil S.A. reported revenue of R$366B in FY2025 versus R$169B in FY2021, a compound +21.3%/yr. Reported net income was R$13.7B in FY2025, compounding −8.7%/yr from FY2021.
Key figures
Market cap R$95.2B (≈ $17.1B) Large · P/E ratio 7.9 · P/S ratio 1.27 · EPS (TTM) R$2.16 · Dividend yield 3.8% · Net margin 21.8% · Return on equity 10.6% · Return on assets (EBIT) 1.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −30% fair-value upside, at 57%, BBAS3 screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
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Recent news
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Compare Banco do Brasil S.A. with another stock
Price, fair value, quality and upside side by side.
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 · 997 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
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
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Fair value gap by industry
- Return on assets by industry
- Piotroski F-Score screener with fair value
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 | ¥5.63 | ¥7.59 | +35% | vs BBAS3 |
| China Merchants Bank Co 600036 | ¥43.01 | ¥52.73 | +23% | vs BBAS3 |
| BNP Paribas SA BNP | €95.66 | €107.43 | +12% | vs BBAS3 |
| Intesa Sanpaolo S.p.A ISP | €6.39 | €4.91 | −23% | vs BBAS3 |
| UniCredit S.p.A UCG | €83.55 | €58.08 | −30% | vs BBAS3 |
| Oversea-Chinese Banking Corporation O39 | 28.60 SGD | 18.20 SGD | −36% | vs BBAS3 |
| Mizuho Financial Group MFG | $9.93 | $5.89 | −41% | vs BBAS3 |
| DBS Group D05 | 70.37 SGD | 40.39 SGD | −43% | vs BBAS3 |
| HDFC Bank Limited HDFCBANK | ₹798.15 | ₹406.39 | −49% | vs BBAS3 |
| ICICI Bank Limited ICICIBANK | ₹1,589 | ₹615.63 | −61% | vs BBAS3 |
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Frequently asked questions
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Key figures of Banco do Brasil S.A.
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