Eastern Bankshares Inc (EBC) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Eastern Bankshares Inc $8.05, price $21.14, upside -61.9%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 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 24, 2026.
How to read this chart
60‑month range $9.48 – $23.65 · fair‑value band $3.86 – $9.46 · the $21.14 price screens above the $8.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking, trust, and investment services to retail, commercial, and small business customers in the United States. The company offers deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts.
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Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking, trust, and investment services to retail, commercial, and small business customers in the United States. The company offers deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. It also provides commercial and industrial products, such as asset based lending portfolio; commercial real estate and construction; small business, residential real estate, and home equity loans; lines of credit; and other consumer loans comprising unsecured personal lines of credit, overdraft protection, automobile loans, home improvement loans, airplane loans, and other personal loans. In addition, the company offers wealth management and trust services, financial planning, and portfolio management; and automated lock box collection, cash management, and account reconciliation services. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.
Stock analysis
Eastern Bankshares Inc (EBC) currently trades at $21.14, while our model-based Fair Value estimate is $8.05, implying the stock looks roughly 162.6% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of $13.57 per share, and 0 of the 6 models we run sit above the $21.14 price.
Bear case: the Multiples group reads lowest at $5.33, and 6 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: $3.86 (bear) to $9.46 (bull), the price of $21.14 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 41/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Eastern Bankshares Inc reported revenue of $1.1B in FY2025 versus $523M in FY2021, a compound +19.2%/yr. Reported net income was $88.2M in FY2025, compounding −13.1%/yr from FY2021.
Key figures
Market cap $4.9B · P/E ratio 11.7 · P/S ratio 0.97 · EPS (TTM) $1.81 · Dividend yield 2.5% · Net margin 8.3% · Return on equity 9.4% · Return on assets (EBIT) 0.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −62%, EBC screens richer than that median.
Fair Value models
Bear $3.86Fair Value $8.05Bull $9.46
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 ($0.9436 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.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.2%
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.
+15.7%
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.
+12.7%
Start year 2020 (pandemic)
Revenue growth 7 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.
+8.6%
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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.
−6.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.7%
Dividend (yield on the price)2.5%
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.6% → 9%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
−3.7%
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.
+7.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −6.0% a year for the price and +5.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 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.
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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 · 1074 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−62% · Bottom 25%
Profitability
Return on equity (TTM)9% · Below median
Return on assets1% · Above median
Net margin (TTM)36% · Above median
Operating margin (TTM)46% · Above median
Growth and dividend
Revenue growth33% · Top 25%
Dividend yield (TTM)2.5% · Below median
Balance sheet
Debt / equity0.04× · Lowest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)11.7× · Cheaper than median
P/B1.14× · Cheaper than median
P/S (TTM)4.79× · Priciest 25%
P/FCF12.0× · Pricier than median
EV/EBITDA29.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)100· sector 45
PAST (return on equity)38· sector 41
HEALTH (low debt)98· sector 85
DIVIDEND (yield)49· 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 Eastern Bankshares Inc (EBC) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $8.05 versus a price of $21.14, about −62% upside (overvalued).
What is the fair value of EBC?
Our model-based fair value for Eastern Bankshares Inc is $8.05 (as of Sep 24, 2026), built from audited fundamentals. The current price: $21.14.
What is the quality score of EBC?
Eastern Bankshares Inc has a Quality Score of 41/100. 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 Eastern Bankshares Inc (EBC)?
Our model-based price target is the fair value of $8.05 (as of Sep 24, 2026) from 6 valuation models. Cautious scenario $3.86, optimistic scenario $9.46. It is a calculation from audited fundamentals, not an analyst target.
What is the Eastern Bankshares Inc stock forecast for 2026?
Our models put fair value at $8.05, about −62% upside versus a price of $21.14 (overvalued). Cautious scenario $3.86, optimistic scenario $9.46. The calculation is refreshed regularly with new filings.
What is the revenue of Eastern Bankshares Inc (EBC)?
Eastern Bankshares Inc reported trailing-twelve-month revenue of about $1.0B (latest available figure, as of Sep 24, 2026).
Does Eastern Bankshares Inc pay a dividend?
Eastern Bankshares Inc currently shows a dividend yield of about 2.46% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Eastern Bankshares Inc (EBC)?
For today's price to be fair in a discounted-cash-flow model, Eastern Bankshares Inc would have to grow free cash flow by -3.7 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of EBC use?
Our models discount Eastern Bankshares Inc at 8.9 %: a base by market capitalisation (mid), damped by beta 0.68, country premium for USA. 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 Eastern Bankshares Inc that is -3.7 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Eastern Bankshares Inc (EBC) delivered so far?
Over the past 5 years revenue at Eastern Bankshares Inc grew +12.7 % a year. The price currently implies -3.7 % 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 Eastern Bankshares Inc (EBC) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Eastern Bankshares Inc (-3.7 % 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 Eastern Bankshares Inc (EBC)?
The free-cash-flow yield on the price is 9.03 %: that much free cash flow Eastern Bankshares Inc produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Eastern Bankshares Inc (EBC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Eastern Bankshares Inc it is $8.05 per share (as of Sep 24, 2026), against a price of $21.14. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Eastern Bankshares Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, EBC trades above its calculated fair value: price $21.14, fair value $8.05, a gap of about −62% (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 EBC?
No. The price is what the market pays today ($21.14); the fair value is what the company's own numbers justify ($8.05). For Eastern Bankshares Inc the two are $13.09 per share apart. That gap is exactly why we show both numbers side by side.
How much is Eastern Bankshares Inc worth?
The market values Eastern Bankshares Inc at about $4.9B (market capitalisation, as of Sep 24, 2026). Per share that is $21.14; our models calculate a fair value of $8.05 per share.
What do the bullish and bearish scenarios say about EBC?
Our models span a range for Eastern Bankshares Inc: cautious scenario $3.86, base $8.05, optimistic $9.46 per share (as of Sep 24, 2026, price $21.14). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EBC?
Eastern Bankshares Inc trades at a price-to-earnings ratio of 11.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $8.05 is built from several models across several years. Other multiples: P/B 1.1, P/S 4.8, EV/EBITDA 29.3.
How solid is the balance sheet of Eastern Bankshares Inc (EBC)?
Balance-sheet figures for Eastern Bankshares Inc (as of Sep 24, 2026): return on equity 9.4%, debt of 0.04 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is EBC from its 52-week high?
Eastern Bankshares Inc trades at $21.14, about 11% below its 52-week high of $23.65 and 29% above the low of $16.38 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $8.05 is for.
Which stocks are comparable to Eastern Bankshares Inc?
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 Eastern Bankshares Inc stock attractive at the current price?
The data as of Sep 24, 2026: price $21.14, calculated fair value $8.05 (−62%), Quality Score 41/100, 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 EBC calculated?
We run Eastern Bankshares Inc 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 $8.05, 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 14.1 % above its aggregate fair value. Eastern Bankshares Inc 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 Eastern Bankshares Inc (EBC)?
The closing price on Sep 23, 2026 was $21.14. Our model-based fair value is $8.05, about −62% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Eastern Bankshares Inc right now?
The price sits above even our optimistic bull case ($9.46). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($3.86 to $9.46) leaves room in how you read the outcome. 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 Eastern Bankshares Inc
How large is the market capitalisation of Eastern Bankshares Inc (EBC)?
The market capitalisation of Eastern Bankshares Inc is $4.9B. 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 Eastern Bankshares Inc (EBC)?
The price-to-sales ratio of Eastern Bankshares Inc is 0.97 (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 Eastern Bankshares Inc (EBC)?
Earnings per share at Eastern Bankshares Inc are $1.81 (price ÷ EPS = P/E 11.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Eastern Bankshares Inc (EBC)?
The dividend yield of Eastern Bankshares Inc is 2.5% (payout 28.7%). 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 Eastern Bankshares Inc (EBC)?
The net margin of Eastern Bankshares Inc is 8.3% (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 Eastern Bankshares Inc (EBC)?
The return on equity (ROE) of Eastern Bankshares Inc is 9.4% (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 Eastern Bankshares Inc (EBC)?
On an EBIT basis the return on assets of Eastern Bankshares Inc is 0.5% (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 Eastern Bankshares Inc (EBC)?
The operating margin of Eastern Bankshares Inc is 45.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Eastern Bankshares Inc (EBC)?
Revenue at Eastern Bankshares Inc is growing +32.8% versus a year earlier (3y avg +15.7%). 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 Eastern Bankshares Inc (EBC)?
Earnings per share at Eastern Bankshares Inc are growing +54.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Eastern Bankshares Inc (EBC) hold?
Eastern Bankshares Inc holds more cash than debt, $117M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Sep 24, 2026