Berner Kantonalbank AG (BEKN) Fair Value & Analysis
Financial Services · CH · Market cap CHF 3.5B
Fair value as of: Jul 17, 2026
From 6 valuation models · updated 23 days ago
Share price −2.7% over the past month.
A solid business, but screening 35% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (CHF 307.84). The favourable scenario is already priced in.
- Solid but not exceptional quality (64/100) 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range CHF 163.12 – CHF 413.08 · fair‑value band CHF 184.70 – CHF 307.84 · the CHF 377.00 price screens above the CHF 246.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.
Analysis
Berner Kantonalbank AG (BEKN) currently trades at CHF 377.00, while our model-based Fair Value estimate is CHF 246.27, implying the stock looks roughly 34.7% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Berner Kantonalbank AG generated revenue of CHF 547M at a net margin of 32.0%. Revenue declined 2.8% year over year. It earns a return on equity of 5.8%. Net debt stands at CHF 9.9B. Fundamentals as of Jul 17, 2026
Our scenario range runs from CHF 184.70 (bear case) to CHF 307.84 (bull case); at CHF 377.00, the current price sits above 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 10% below its 52-week high and 59% 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 -35%, BEKN 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.
All 6 models by family
Widest divergence: Economic Profit (CHF 264.35) versus Dividend Discount (CHF 128.13). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 69 · Market factors (momentum, volatility) 80
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
Berner Kantonalbank AG provides banking products and services to private individuals and corporate customers in Switzerland. It offers savings and payment accounts; mortgages and financing products; business and investment loans; real estate and individual financing products; and retirement accounts.
Full company description
Berner Kantonalbank AG provides banking products and services to private individuals and corporate customers in Switzerland. It offers savings and payment accounts; mortgages and financing products; business and investment loans; real estate and individual financing products; and retirement accounts. The company also provides investment products and solutions; pension solutions; insurance and guarantees; capital goods leasing services; bank cards and credit cards; and asset management services, including strategy consulting, portfolio optimization and simulation, investment advisory, investment funds, and securities accounting services, as well as online banking services. In addition, it trades in stocks, bonds, derivatives, foreign exchange, and money market instruments. The company was formerly known as Kantonalbank von Bern and changed its name to Berner Kantonalbank AG in 1991. Berner Kantonalbank AG was founded in 1834 and is headquartered in Bern, Switzerland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Berner Kantonalbank AG reported revenue of CHF 681M in FY2025 versus CHF 497M in FY2021, a compound +8.2%/yr. Reported net income was CHF 175M in FY2025, compounding +3.1%/yr from FY2021.
BEKN screens 35% overvalued. Compare with PT Bank Central Asia Tbk →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Berner Kantonalbank (SWX:BEKN) Stock May Be 8% Undervalued But Still Looks Pricey
- Berner Kantonalbank (VTX:BEKN) shareholders have earned a 8.8% CAGR over the last three years
- Berner Kantonalbank (VTX:BEKN) shareholders have earned a 7.0% CAGR over the last five years
- Just Four Days Till Berner Kantonalbank AG (VTX:BEKN) Will Be Trading Ex-Dividend
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.
Valuation Multiples vs Banks - Regional median · lower = cheaper
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 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 17, 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
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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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