Banco de Chile (CHILE) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Banco de Chile CLP 121, price CLP 190, upside -36.1%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Banco de Chile for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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 Sep 29, 2026.
How to read this chart
60‑month range 45.26 CLP – 203.00 CLP · fair‑value band 90.88 CLP – 151.48 CLP · the 189.50 CLP price screens above the 121.18 CLP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
Follow Banco de Chile in your weekly email
Every Wednesday you see whether Banco de Chile is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Banco de Chile, together with its subsidiaries, provides commercial banking services in Chile. It operates through four segments: Retail Banking, Wholesale Banking, Treasury, and Subsidiaries.
Show more
Banco de Chile, together with its subsidiaries, provides commercial banking services in Chile. It operates through four segments: Retail Banking, Wholesale Banking, Treasury, and Subsidiaries. The company offers current account and digital student plans; digital and checking accounts; mortgage loans; credit and debit cards; consumer credit; applications; deposits and savings; financing; autoleasing; online payments; cell phone top-ups; foreign currency; and income accreditation. It also provides insurance products, including journey, health, protection, home, life, and automotive; and investments, such as mutual, investment, and APV funds, stocks, fixed income, and derivative products. In addition, the company offers cash management comprising mass and easy payments, collection, and fund transfers; foreign trade, which includes imports, exports, international network products, Banchile international transport insurance, and customs guarantee insurance; and other services, such as bank connection, financial portability, digital VAT and signature, financial advice, and SME program. It serves individuals, private entities, companies, and small and medium-sized enterprises. The company was founded in 1893 and is headquartered in Santiago, Chile.
Stock analysis
Banco de Chile (CHILE) currently trades at 189.50 CLP, while our model-based Fair Value estimate is 121.18 CLP, 36.1% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Economic Profit group reads highest at a median of 93.69 CLP per share, and 0 of the 4 models we run sit above the 189.50 CLP price.
Bear case: the Asset-Based group reads lowest at 44.36 CLP, and 4 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: 90.88 CLP (bear) to 151.48 CLP (bull), the price of 189.50 CLP 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 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 de Chile reported revenue of 3.0T CLP in FY2025 versus 2.2T CLP in FY2021, a compound +7.9%/yr. Reported net income was 1.2T CLP in FY2025, compounding +10.6%/yr from FY2021.
Key figures
Market cap 19.1T CLP (≈ $19.3B) · P/E ratio 17.1 · P/S ratio 6.79 · EPS (TTM) 11.05 CLP · Dividend yield 5.3% · Net margin 39.6% · Return on equity 20.9% · Return on assets (EBIT) 2.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 7% 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 −36% fair-value upside, at −36%, CHILE screens cheaper than that median.
Fair Value models
Bear 90.88 CLPFair Value 121.18 CLPBull 151.48 CLP
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 (0.7955 CLP 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.83/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.6%
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.
−1.1%
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.
+9.1%
Start year 2020 (pandemic). Over 10 years: +8.3% a year
Revenue growth 10 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.
+8.3%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in CLP ⓘ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 CLP: 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.
+19.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.4%
Dividend (yield on the price)5.3%
Profit margin 2015 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.46% → 38%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more 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).
+19.6%
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.
+6.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (Chile: IMF forecast 3.0% a year to 2030, 4.5% from 2016 to 2025) that is about +16.0% a year for the price and +3.7% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (74 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 1053 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside−35.0% · Bottom 25%
Profitability
Return on equity (TTM)20.9% · Top 25%
Return on assets2.1% · Top 25%
Net margin (TTM)43.7% · Top 25%
Operating margin (TTM)54.7% · Top 25%
Growth and dividend
Revenue growth−7.9% · Bottom 25%
Dividend yield (TTM)5.3% · Top 25%
Balance sheet
Debt / equity1.97× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)17.1× · Priciest 25%
P/B2.88× · Priciest 25%
P/S (TTM)7.45× · Priciest 25%
P/FCF25.8× · Priciest 25%
PEG2.78× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 12
FUTURE (revenue growth)0· sector 47
PAST (return on equity)83· sector 41
HEALTH (low debt)1· sector 84
DIVIDEND (yield)100· sector 52
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.
Cite: Fair Value Calculator (2026). "Banco de Chile Fair Value". https://www.fairvalue-calculator.com/stock/CHILE
Frequently asked questions
Is Banco de Chile (CHILE) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of 121.18 CLP versus a price of 189.50 CLP, about −36% upside (overvalued).
What is the fair value of CHILE?
Our model-based fair value for Banco de Chile is 121.18 CLP (as of Sep 29, 2026), built from audited fundamentals. The current price: 189.50 CLP.
What is the quality score of CHILE?
Banco de Chile has a Quality Score of 58/100. 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 de Chile (CHILE)?
Our model-based price target is the fair value of 121.18 CLP (as of Sep 29, 2026) from 4 valuation models. Cautious scenario 90.88 CLP, optimistic scenario 151.48 CLP. It is a calculation from audited fundamentals, not an analyst target.
What is the Banco de Chile stock forecast for 2026?
Our models put fair value at 121.18 CLP, about −36% upside versus a price of 189.50 CLP (overvalued). Cautious scenario 90.88 CLP, optimistic scenario 151.48 CLP. The calculation is refreshed regularly with new filings.
What is the revenue of Banco de Chile (CHILE)?
Banco de Chile reported trailing-twelve-month revenue of about 2.6T CLP (latest available figure, as of Sep 29, 2026).
Does Banco de Chile pay a dividend?
Banco de Chile currently shows a dividend yield of about 5.28% relative to its recent price (as of Sep 29, 2026).
What growth is priced into Banco de Chile (CHILE)?
For today's price to be fair in a discounted-cash-flow model, Banco de Chile would have to grow free cash flow by +19.6 % per year for five years (discount rate 8.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.1 % per year. As of Sep 29, 2026.
What discount rate (WACC) does the fair value of CHILE use?
Our models discount Banco de Chile at 8.8 %: a base by market capitalisation (large), damped by beta 0.13, country premium for Chile. 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 de Chile that is +19.6 % per year a year over ten years, using the same discount rate (8.8 %) and the same formula as our fair value.
How much growth has Banco de Chile (CHILE) delivered so far?
Over the past 5 years revenue at Banco de Chile grew +9.1 % a year. The price currently implies +19.6 % 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 de Chile (CHILE) growing?
The median revenue growth in the sector is +9.3 % a year. That is the yardstick for the growth priced into Banco de Chile (+19.6 % 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 de Chile (CHILE)?
The free-cash-flow yield on the price is 3.91 %: that much free cash flow Banco de Chile produces per unit of market value. When it exceeds the discount rate of our models (8.8 %), 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 de Chile (CHILE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Banco de Chile it is 121.18 CLP per share (as of Sep 29, 2026), against a price of 189.50 CLP. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Banco de Chile stock overvalued or undervalued in 2026?
As of Sep 29, 2026, CHILE trades above its calculated fair value: price 189.50 CLP, fair value 121.18 CLP, a gap of about −36% (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 CHILE?
No. The price is what the market pays today (189.50 CLP); the fair value is what the company's own numbers justify (121.18 CLP). For Banco de Chile the two are 68.32 CLP per share apart. That gap is exactly why we show both numbers side by side.
How much is Banco de Chile worth?
The market values Banco de Chile at about 19.1T CLP (market capitalisation, as of Sep 29, 2026). Per share that is 189.50 CLP; our models calculate a fair value of 121.18 CLP per share.
What do the bullish and bearish scenarios say about CHILE?
Our models span a range for Banco de Chile: cautious scenario 90.88 CLP, base 121.18 CLP, optimistic 151.48 CLP per share (as of Sep 29, 2026, price 189.50 CLP). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CHILE?
Banco de Chile trades at a price-to-earnings ratio of 17.1 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 121.18 CLP is built from several models across several years. Other multiples: PEG 2.8, P/B 2.9, P/S 7.5.
What is the PEG ratio of CHILE?
The PEG ratio of Banco de Chile is 2.78 (P/E divided by earnings growth, as of Sep 29, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Banco de Chile (CHILE)?
Balance-sheet figures for Banco de Chile (as of Sep 29, 2026): return on equity 20.9%, debt of 1.97 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is CHILE from its 52-week high?
Banco de Chile trades at 189.50 CLP, about 7% below its 52-week high of 203.00 CLP and 40% above the low of 135.69 CLP (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 121.18 CLP is for.
Which stocks are comparable to Banco de Chile?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Mizuho Financial Group, 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 de Chile stock attractive at the current price?
The data as of Sep 29, 2026: price 189.50 CLP, calculated fair value 121.18 CLP (−36%), Quality Score 58/100, from 4 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 CHILE calculated?
We run Banco de Chile through 4 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 121.18 CLP, 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 14.5 % above its aggregate fair value. Banco de Chile 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 Banco de Chile (CHILE)?
The closing price on Oct 2, 2026 was 189.50 CLP. Our model-based fair value is 121.18 CLP, about −36% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Banco de Chile right now?
The price sits above even our optimistic bull case (151.48 CLP). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (58/100) 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.
Key figures of Banco de Chile
How large is the market capitalisation of Banco de Chile (CHILE)?
The market capitalisation of Banco de Chile is 19.1T CLP (≈ $19.3B). 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 de Chile (CHILE)?
The price-to-sales ratio of Banco de Chile is 6.79 (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 de Chile (CHILE)?
Earnings per share at Banco de Chile are 11.05 CLP (price ÷ EPS = P/E 17.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Banco de Chile (CHILE)?
The dividend yield of Banco de Chile is 5.3% (payout 90.5%). 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 de Chile (CHILE)?
The net margin of Banco de Chile is 39.6% (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 de Chile (CHILE)?
The return on equity (ROE) of Banco de Chile is 20.9% (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 Banco de Chile (CHILE)?
On an EBIT basis the return on assets of Banco de Chile is 2.0% (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 de Chile (CHILE)?
The operating margin of Banco de Chile is 54.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Banco de Chile (CHILE)?
Revenue at Banco de Chile is growing −7.9% versus a year earlier (3y avg −1.1%). 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 de Chile (CHILE)?
Earnings per share at Banco de Chile are growing −18.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Banco de Chile (CHILE) carry?
The net debt of Banco de Chile is 10.2T CLP (fiscal year 2025, ≈ 13.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Banco de Chile in the live analysis
One click puts Banco de Chile on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
