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Banque Cantonale de Genève SA (BCGE) Fair Value & Analysis

Financial Services · CH · Market cap CHF 2.4B

BC Banque Cantonale de Genève SA BCGE · SW
PriceCHF 31.80
Fair ValueCHF 40.11
Upside+26.1%
Quality38/100
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Expensive Growth
Highly profitable · 41.6% net margin
High debt · negative free cash flow
2.11% dividend yield
Trails peers (4/13)
Wide moat 65/100
Evidence: High Range CHF 30.08 – CHF 50.14 Share as image

Fair value as of: Jul 19, 2026

From 6 valuation models · updated 22 days ago

Share price −5.9% over the past month.

Below-average quality, screening 26% undervalued on our models.

What matters now

  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
  • Our model range runs from CHF 30.08 (bear) to CHF 50.14 (bull), base CHF 40.11. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 38/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

CHF 36.16 CHF 13.76 Fair Value CHF 40.11 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range CHF 13.76 – CHF 36.16 · fair‑value band CHF 30.08 – CHF 50.14 · the CHF 31.80 price screens below the CHF 40.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

Banque Cantonale de Genève SA (BCGE) currently trades at CHF 31.80, while our model-based Fair Value estimate is CHF 40.11, implying the stock looks roughly 26.1% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Banque Cantonale de Genève SA generated revenue of CHF 531M at a net margin of 41.6%. Revenue declined 2.1% year over year. It earns a return on equity of 9.1%. Net debt stands at CHF 3.0B. Fundamentals as of Jul 19, 2026

Our scenario range runs from CHF 30.08 (bear case) to CHF 50.14 (bull case); at CHF 31.80, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 40% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 26%, BCGE screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income CHF 29.23 CHF 31.62 CHF 39.13 76
Gordon GGM CHF 5.74 CHF 11.44 CHF 17.32 70
P/E Multiple CHF 30.08 CHF 40.11 CHF 50.14 63
All 6 models by family
Dividend Discount
Gordon GGM CHF 5.74 CHF 11.44 CHF 17.32 70
DDM Multi-Stage CHF 5.74 CHF 8.87 CHF 12.04 61
Multiples
P/E Multiple CHF 30.08 CHF 40.11 CHF 50.14 63
P/B Multiple CHF 36.66 CHF 48.88 CHF 61.10 55
Asset-Based
NCAV (Graham) CHF 17.46 CHF 23.39 CHF 34.91 50
Economic Profit
Residual Income CHF 29.23 CHF 31.62 CHF 39.13 76

Widest divergence: Multiples (CHF 40.11) versus Dividend Discount (CHF 8.87). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) CHF 531M
Revenue growth (YoY) -2.1%
Net margin 41.6%
Return on equity 9.1%
Free cash flow −CHF 747M FY2025
P/E ratio 11.9
More key figures
Operating margin 53.2%
EPS (TTM) CHF 2.79
Dividend yield 2.1%
EPS growth (YoY) -9.6%
Net debt CHF 3.0B FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 44 · Market factors (momentum, volatility) 72

Profitability 33
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Banque Cantonale de Genève SA, together with its subsidiaries, provides a range of banking services in Switzerland and internationally. The company operates through three main business divisions: Individuals & Digital Banking, Corporate Banking & Trade Finance, and Wealth & Asset Management.

Full company description

Banque Cantonale de Genève SA, together with its subsidiaries, provides a range of banking services in Switzerland and internationally. The company operates through three main business divisions: Individuals & Digital Banking, Corporate Banking & Trade Finance, and Wealth & Asset Management. The Individuals & Digital Banking division manages a network of agencies and provides retail banking products, including current and savings accounts, mortgages, personal loans, payment cards, and digital banking services. The Corporate Banking & Trade Finance division offers commercial loans, project finance, real estate and construction financing, trade finance solutions, and services to public authorities and financial institutions, as well as commodities trading support. The Wealth & Asset Management division provides discretionary and advisory portfolio management, investment funds, asset management, and wealth solutions tailored for private and institutional clients. It also offers structured products, research, and services for independent wealth managament. In addition, the company engages in investment activities, business valuation and M&A advisory, asset management, private equity investments, and foreign fund representation. The company serves private individuals, small and medium-sized enterprises, large corporates, institutional investors, and public sector entities. The company was founded in 1816 and is headquartered in Geneva, Switzerland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Banque Cantonale de Genève SA reported revenue of CHF 746M in FY2025 versus CHF 468M in FY2021, a compound +12.4%/yr. Reported net income was CHF 221M in FY2025, compounding +15.2%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
CHF 746M
Latest YoY
+27.5%
Avg. growth/yr (3Y)
+13.2%
Avg. growth/yr (5Y)
+11.9%
Avg. growth/yr (22Y)
+4.7%
Revenue +12.4%/yr
FY21 CHF 468M
FY22 CHF 514M
FY23 CHF 570M
FY24 CHF 586M
FY25 CHF 746M
Net income +15.2%/yr
FY21 CHF 125M
FY22 CHF 176M
FY23 CHF 231M
FY24 CHF 219M
FY25 CHF 221M

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Cite: Fair Value Calculator (2026). "Banque Cantonale de Genève SA Fair Value". https://www.fairvalue-calculator.com/stock/BCGE

Peer Group

Banks - Regional · 1083 stocks

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.

Quality Score 47 · Below median
Fair Value upside +26% · Above median
Return on equity (TTM) 9% · Below median
Return on assets 1% · Below median
Net margin (TTM) 42% · Top 25%
Operating margin (TTM) 53% · Top 25%
Revenue growth -2% · Bottom 25%
Dividend yield (TTM) 2.1% · Below median
Debt / equity 2.14× · Higher than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 11.9× · Pricier than median
P/B 1.18× · Pricier than median
P/S (TTM) 5.53× · Pricier than 75% of peers
EV/EBITDA 2.8× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 68 · sector 39
FUTURE 0 · sector 44
PAST 36 · sector 41
HEALTH 0 · sector 85
DIVIDEND 42 · sector 49

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is Banque Cantonale de Genève SA (BCGE) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of CHF 40.11 versus a price of CHF 31.80, about +26% (undervalued).
What is the fair value of BCGE?
Our model-based fair value for Banque Cantonale de Genève SA is CHF 40.11 (as of Jul 19, 2026), built from audited fundamentals. The current price is CHF 31.80.
What is the quality score of BCGE?
Banque Cantonale de Genève SA has a Quality Score of 38/100. 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 revenue of Banque Cantonale de Genève SA (BCGE)?
Banque Cantonale de Genève SA reported trailing-twelve-month revenue of about CHF 531M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of BCGE?
The net profit margin of Banque Cantonale de Genève SA is about 41.6%, meaning it keeps roughly 41.6% of revenue as net income. Based on the latest reported figures.
Does Banque Cantonale de Genève SA pay a dividend?
Banque Cantonale de Genève SA currently shows a dividend yield of about 2.09% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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