Banque Cantonale Vaudoise (BCVN) fair value: what the stock is really worth
We calculate from audited financials what Banque Cantonale Vaudoise is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range CHF 54.39 – CHF 134.40 · fair‑value band CHF 45.13 – CHF 80.31 · the CHF 128.70 price screens above the CHF 64.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Banque Cantonale Vaudoise engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally. It operates through four divisions: Retail Banking, Private Banking, Corporate Banking, and Asset Management & Trading.
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Banque Cantonale Vaudoise engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally. It operates through four divisions: Retail Banking, Private Banking, Corporate Banking, and Asset Management & Trading. The company offers current, savings, foreign-currency, and retirement investment accounts; overdraft facilities; credit and payment cards; mortgage, personal, home, business, and construction loans; and production equipment financing and working capital and international trade finance products. It also provides a range of banking services, such as investments, real estate, financial planning services, and trading through its TradeDirect online platform; and cash management services, as well as instruments for hedging exchange-rate and interest-rate risk. In addition, the company offers asset and wealth management services; and investment and hedging products, such as currencies, equities, bonds, derivatives, and structured products. Further, it engages in the market transactions in equities, fixed-income instruments, forex, and precious metals on behalf of clients. Additionally, the company provides life insurance products, ATMs, and online banking services; manages finances and investments of high-net-worth individuals; and advisory services, such as tax planning, estate planning, and financial planning; and retirement, life insurance, and disability coverages. It primarily serves retail and business customers, and public sector institutions. Banque Cantonale Vaudoise was founded in 1845 and is headquartered in Lausanne, Switzerland.
Stock analysis
Banque Cantonale Vaudoise (BCVN) currently trades at CHF 128.70, while our model-based Fair Value estimate is CHF 64.25, implying the stock looks roughly 100.3% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of CHF 64.81 per share, and 0 of the 6 models we run sit above the CHF 128.70 price.
Bear case: the Asset-Based group reads lowest at CHF 31.02, and 6 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: CHF 45.13 (bear) to CHF 80.31 (bull), the price of CHF 128.70 sits above 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 59/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Banque Cantonale Vaudoise reported revenue of CHF 1.4B in FY2025 versus CHF 1.0B in FY2021, a compound +8.6%/yr. Reported net income was CHF 430M in FY2025, compounding +3.2%/yr from FY2021.
Key figures
Market cap CHF 11.1B · P/E ratio 25.7 · P/S ratio 7.92 · EPS (TTM) CHF 5.00 · Dividend yield 3.4% · Net margin 30.8% · Return on equity 10.9% · Return on assets (EBIT) 0.9%.
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 1% below its 52-week high and 51% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −50%, BCVN screens richer than that median.
Fair Value models
Bear CHF 45.13Fair Value CHF 64.25Bull CHF 80.31
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 (CHF 0.4429 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.
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.81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+22.5%
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.
+10.7%
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.
+8.0%
Revenue growth 21 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.
+1.9%
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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.
+6.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.4%
Dividend (yield on the price)3.4%
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.3% vs 3%, 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.40% → 36%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+11.0%
Yearly growth needed for the next five years to justify today's price.
Compare Banque Cantonale Vaudoise with another stock
Price, fair value, quality and upside side by side.
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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 · 1073 stocks
Beats the industry median on 5/15 measures
Overall it trails its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−52% · Bottom 25%
Profitability
Return on equity (TTM)11% · Above median
Return on assets1% · Below median
Net margin (TTM)37% · Above median
Operating margin (TTM)44% · Above median
Growth and dividend
Revenue growth−1% · Bottom 25%
Dividend yield (TTM)3.4% · Above median
Balance sheet
Debt / equity2.80× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)25.7× · Priciest 25%
P/B3.25× · Priciest 25%
P/S (TTM)11.25× · Priciest 25%
P/FCF26.8× · Priciest 25%
EV/EBITDA25.2× · Priciest 25%
PEG6.06× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)0· sector 44
PAST (return on equity)44· sector 41
HEALTH (low debt)0· sector 85
DIVIDEND (yield)68· sector 53
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Banque Cantonale Vaudoise (BCVN) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of CHF 64.25 versus a price of CHF 128.70, about −50% upside (overvalued).
What is the fair value of BCVN?
Our model-based fair value for Banque Cantonale Vaudoise is CHF 64.25 (as of Sep 18, 2026), built from audited fundamentals. The current price: CHF 128.70.
What is the quality score of BCVN?
Banque Cantonale Vaudoise has a Quality Score of 59/100. 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 Banque Cantonale Vaudoise (BCVN)?
Our model-based price target is the fair value of CHF 64.25 (as of Sep 18, 2026) from 6 valuation models. Cautious scenario CHF 45.13, optimistic scenario CHF 80.31. It is a calculation from audited fundamentals, not an analyst target.
What is the Banque Cantonale Vaudoise stock forecast for 2026?
Our models put fair value at CHF 64.25, about −50% upside versus a price of CHF 128.70 (overvalued). Cautious scenario CHF 45.13, optimistic scenario CHF 80.31. The calculation is refreshed regularly with new filings.
What is the revenue of Banque Cantonale Vaudoise (BCVN)?
Banque Cantonale Vaudoise reported trailing-twelve-month revenue of about CHF 1.1B (latest available figure, as of Sep 18, 2026).
Does Banque Cantonale Vaudoise pay a dividend?
Banque Cantonale Vaudoise currently shows a dividend yield of about 3.42% relative to its recent price (as of Sep 18, 2026).
What growth is priced into Banque Cantonale Vaudoise (BCVN)?
For today's price to be fair in a discounted-cash-flow model, Banque Cantonale Vaudoise would have to grow free cash flow by +11.0 % per year for five years (discount rate 7.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.0 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of BCVN use?
Our models discount Banque Cantonale Vaudoise at 7.9 %: a base by market capitalisation (large), damped by beta 0.00, country premium for Switzerland. 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 Banque Cantonale Vaudoise that is +11.0 % per year a year over ten years, using the same discount rate (7.9 %) and the same formula as our fair value.
How much growth has Banque Cantonale Vaudoise (BCVN) delivered so far?
Over the past 5 years revenue at Banque Cantonale Vaudoise grew +8.0 % a year. The price currently implies +11.0 % 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 Banque Cantonale Vaudoise (BCVN) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into Banque Cantonale Vaudoise (+11.0 % 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 Banque Cantonale Vaudoise (BCVN)?
The free-cash-flow yield on the price is 4.36 %: that much free cash flow Banque Cantonale Vaudoise produces per unit of market value. When it exceeds the discount rate of our models (7.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Banque Cantonale Vaudoise (BCVN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Banque Cantonale Vaudoise it is CHF 64.25 per share (as of Sep 18, 2026), against a price of CHF 128.70. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Banque Cantonale Vaudoise stock overvalued or undervalued in 2026?
As of Sep 18, 2026, BCVN trades above its calculated fair value: price CHF 128.70, fair value CHF 64.25, a gap of about −50% (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 BCVN?
No. The price is what the market pays today (CHF 128.70); the fair value is what the company's own numbers justify (CHF 64.25). For Banque Cantonale Vaudoise the two are CHF 64.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is Banque Cantonale Vaudoise worth?
The market values Banque Cantonale Vaudoise at about CHF 11.1B (market capitalisation, as of Sep 18, 2026). Per share that is CHF 128.70; our models calculate a fair value of CHF 64.25 per share.
What do the bullish and bearish scenarios say about BCVN?
Our models span a range for Banque Cantonale Vaudoise: cautious scenario CHF 45.13, base CHF 64.25, optimistic CHF 80.31 per share (as of Sep 18, 2026, price CHF 128.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BCVN?
Banque Cantonale Vaudoise trades at a price-to-earnings ratio of 25.7 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 64.25 is built from several models across several years. Other multiples: PEG 6.1, P/B 3.3, P/S 11.3, EV/EBITDA 25.2.
What is the PEG ratio of BCVN?
The PEG ratio of Banque Cantonale Vaudoise is 6.06 (P/E divided by earnings growth, as of Sep 18, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Banque Cantonale Vaudoise (BCVN)?
Balance-sheet figures for Banque Cantonale Vaudoise (as of Sep 18, 2026): return on equity 10.9%, debt of 2.80 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is BCVN from its 52-week high?
Banque Cantonale Vaudoise trades at CHF 128.70, about 1% below its 52-week high of CHF 130.10 and 51% above the low of CHF 85.05 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 64.25 is for.
Which stocks are comparable to Banque Cantonale Vaudoise?
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 Banque Cantonale Vaudoise stock attractive at the current price?
The data as of Sep 18, 2026: price CHF 128.70, calculated fair value CHF 64.25 (−50%), Quality Score 59/100, 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 BCVN calculated?
We run Banque Cantonale Vaudoise 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 CHF 64.25, 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 16.1 % above its aggregate fair value. Banque Cantonale Vaudoise 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 Banque Cantonale Vaudoise (BCVN)?
The closing price on Sep 21, 2026 was CHF 128.70. Our model-based fair value is CHF 64.25, about −50% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Banque Cantonale Vaudoise right now?
The price sits above even our optimistic bull case (CHF 80.31). The favourable scenario is already priced in. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. 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 Banque Cantonale Vaudoise (BCVN) come from?
Earnings per share at Banque Cantonale Vaudoise grew +4.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.6 %, EBIT margin −2.8 %, tax rate +1.0 %, residual (interest, one-offs) +3.2 %. 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 Banque Cantonale Vaudoise
How large is the market capitalisation of Banque Cantonale Vaudoise (BCVN)?
The market capitalisation of Banque Cantonale Vaudoise is CHF 11.1B. 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 Banque Cantonale Vaudoise (BCVN)?
The price-to-sales ratio of Banque Cantonale Vaudoise is 7.92 (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 Banque Cantonale Vaudoise (BCVN)?
Earnings per share at Banque Cantonale Vaudoise are CHF 5.00 (price ÷ EPS = P/E 25.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Banque Cantonale Vaudoise (BCVN)?
The dividend yield of Banque Cantonale Vaudoise is 3.4% (payout 88.0%). 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 Banque Cantonale Vaudoise (BCVN)?
The net margin of Banque Cantonale Vaudoise is 30.8% (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 Banque Cantonale Vaudoise (BCVN)?
The return on equity (ROE) of Banque Cantonale Vaudoise is 10.9% (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 Banque Cantonale Vaudoise (BCVN)?
On an EBIT basis the return on assets of Banque Cantonale Vaudoise is 0.9% (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 Banque Cantonale Vaudoise (BCVN)?
The operating margin of Banque Cantonale Vaudoise is 44.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Banque Cantonale Vaudoise (BCVN)?
Revenue at Banque Cantonale Vaudoise is growing −0.7% versus a year earlier (3y avg +10.7%). 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 Banque Cantonale Vaudoise (BCVN)?
Earnings per share at Banque Cantonale Vaudoise are growing −1.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Banque Cantonale Vaudoise (BCVN) carry?
The net debt of Banque Cantonale Vaudoise is CHF 1.8B (fiscal year 2025, ≈ 3.7 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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