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Eurobank Ergasias Services and Holdings (EUROB) Fair Value & Analysis

Financial Services · GR · Market cap €15.8B

EE Eurobank Ergasias Services and Holdings EUROB · AT
Price€4.50
Fair Value€4.92
Upside+9.4%
Quality58/100
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Mixed Growth
Highly profitable · 44.8% net margin
Moderate debt · generates free cash flow
2.76% dividend yield
Mixed vs. peers (8/14)
Wide moat 71/100
Evidence: High Range €3.69 – €6.15 Share as image

Fair value as of: Jul 26, 2026

From 4 valuation models · updated 15 days ago

Share price +5.0% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

€4.54 €0.6399 Fair Value €4.92 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 26, 2026.

How to read this chart

60‑month range €0.6399 – €4.54 · fair‑value band €3.69 – €6.15 · the €4.50 price screens below the €4.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 26, 2026.

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Analysis

Eurobank Ergasias Services and Holdings (EUROB) currently trades at €4.50, while our model-based Fair Value estimate is €4.92, implying the stock looks roughly 9.4% fairly valued today. The Quality Score stands at 58/100 (solid 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, Eurobank Ergasias Services and Holdings generated revenue of €3.1B at a net margin of 44.8%. Revenue grew 8.5% year over year. It earns a return on equity of 13.7%. Net debt stands at €2.2B. Fundamentals as of Jul 26, 2026

Our scenario range runs from €3.69 (bear case) to €6.15 (bull case); at €4.50, 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 near its 52-week high and 75% 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 9%, EUROB 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 €2.79 €3.41 €7.62 76
P/E Multiple €3.69 €4.92 €6.15 63
P/B Multiple €3.10 €4.13 €5.17 55
All 4 models by family
Multiples
P/E Multiple €3.69 €4.92 €6.15 63
P/B Multiple €3.10 €4.13 €5.17 55
Asset-Based
NCAV (Graham) €1.48 €1.98 €2.95 50
Economic Profit
Residual Income €2.79 €3.41 €7.62 76

Widest divergence: Multiples (€4.13) versus Asset-Based (€1.98). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) €3.1B
Revenue growth (YoY) +8.5%
Net margin 44.8%
Return on equity 13.7%
Free cash flow €2.6B FY2025
P/E ratio 11.9
More key figures
Operating margin 60.4%
EPS (TTM) €0.3700
Dividend yield 2.8%
EPS growth (YoY) +7.3%
Net debt €2.2B FY2019

Figures from reported company fundamentals · as of Jul 26, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 62 · Market factors (momentum, volatility) 74

Profitability 36
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 44
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 92
Distance to the 52-week high (market factor)
Net Issuance 93
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

Eurobank Ergasias Services and Holdings S.A., together with its subsidiaries, provides retail banking, corporate and private banking, asset management, treasury, capital markets, and other services primarily in Greece, rest of Europe, and internationally.

Full company description

Eurobank Ergasias Services and Holdings S.A., together with its subsidiaries, provides retail banking, corporate and private banking, asset management, treasury, capital markets, and other services primarily in Greece, rest of Europe, and internationally. It operates through Retail, Corporate, Global Markets & Asset Management, International, and Investment Property. The company offers current accounts, savings, deposits and investment savings products, credit and debit cards, consumer loans, small business banking, mortgages, overdrafts, loans and other credit facilities, foreign currency and derivative products, custody and clearing services, and cash management and trade services, as well as corporate finance, and merger and acquisitions advice services. It also provides financial instruments trading services to institutional investors, as well as specialized financial advice and intermediation; and mutual fund products, and institutional asset management and equity brokerage services. In addition, the company is involved in the investment property activities related to a portfolio of commercial real estate assets; property management and other investing activities; and provision of private banking services for medium and high net worth individuals. Further, it offers business-to-business e-commerce, accounting, tax, leasing, factoring, credits claim management, fund management, real estate, and other services, as well as special purpose financing vehicle. Additionally, the company engages in the informatics data processing activities. Eurobank Ergasias Services and Holdings S.A. was founded in 1990 and is based in Athens, Greece.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Eurobank Ergasias Services and Holdings reported revenue of €3.4B in FY2025 versus €1.9B in FY2021, a compound +15.4%/yr. Reported net income was €1.4B in FY2025, compounding +42.7%/yr from FY2021.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€3.4B
Latest YoY
+4.8%
Avg. growth/yr (3Y)
+6.3%
Avg. growth/yr (5Y)
+9.2%
Avg. growth/yr (9Y)
+13.5%
Revenue +15.4%/yr
FY21 €1.9B
FY22 €2.8B
FY23 €2.8B
FY24 €3.2B
FY25 €3.4B
Net income +42.7%/yr
FY21 €328M
FY22 €1.3B
FY23 €1.1B
FY24 €1.4B
FY25 €1.4B

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Cite: Fair Value Calculator (2026). "Eurobank Ergasias Services and Holdings Fair Value". https://www.fairvalue-calculator.com/stock/EUROB

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

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 63 · Top 25%
Fair Value upside +9% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 1% · Above median
Net margin (TTM) 45% · Top 25%
Operating margin (TTM) 60% · Top 25%
Revenue growth 9% · Below median
Dividend yield (TTM) 2.8% · Above median
Debt / equity 0.87× · Higher than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 11.9× · Pricier than median
P/B 1.72× · Pricier than 75% of peers
P/S (TTM) 5.94× · Pricier than 75% of peers
P/FCF 6.9× · Cheaper than median
PEG 3.13× · Pricier 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 46 · sector 39
FUTURE 43 · sector 44
PAST 55 · sector 41
HEALTH 56 · sector 85
DIVIDEND 55 · sector 49

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 26, 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 Eurobank Ergasias Services and Holdings (EUROB) overvalued or undervalued?
As of Jul 26, 2026, our model estimates a fair value of €4.92 versus a price of €4.50, about +9% (fairly valued).
What is the fair value of EUROB?
Our model-based fair value for Eurobank Ergasias Services and Holdings is €4.92 (as of Jul 26, 2026), built from audited fundamentals. The current price is €4.50.
What is the quality score of EUROB?
Eurobank Ergasias Services and Holdings 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 revenue of Eurobank Ergasias Services and Holdings (EUROB)?
Eurobank Ergasias Services and Holdings reported trailing-twelve-month revenue of about €3.1B (latest available figure, as of Jul 26, 2026).
What is the net profit margin of EUROB?
The net profit margin of Eurobank Ergasias Services and Holdings is about 44.8%, meaning it keeps roughly 44.8% of revenue as net income. Based on the latest reported figures.
Does Eurobank Ergasias Services and Holdings pay a dividend?
Eurobank Ergasias Services and Holdings currently shows a dividend yield of about 2.76% relative to its recent price (as of Jul 26, 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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