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Glarner Kantonalbank (GLKBN) Fair Value & Analysis

Financial Services · CH · Market cap CHF 324M

GK Glarner Kantonalbank GLKBN · SW
PriceCHF 25.10
Fair ValueCHF 21.02
Upside-16.3%
Quality52/100
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Healthy Growth
Highly profitable · 22.8% net margin
High debt · generates free cash flow
4.24% dividend yield
Trails peers (3/14)
Moderate moat 59/100
Evidence: High Range CHF 15.76 – CHF 26.27 Share as image

Fair value as of: Jul 12, 2026

From 6 valuation models · updated 29 days ago

Share price +4.6% over the past month.

A solid business, but screening 16% overvalued on our models.

What matters now

  • Solid but not exceptional quality (52/100) 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.
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Price vs Fair Value (5 years)

CHF 25.40 CHF 18.89 Fair Value CHF 21.02 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range CHF 18.89 – CHF 25.40 · fair‑value band CHF 15.76 – CHF 26.27 · the CHF 25.10 price screens above the CHF 21.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

Glarner Kantonalbank (GLKBN) currently trades at CHF 25.10, while our model-based Fair Value estimate is CHF 21.02, implying the stock looks roughly 16.3% overvalued today. The Quality Score stands at 52/100 (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, Glarner Kantonalbank generated revenue of CHF 95.8M at a net margin of 22.8%. Revenue grew 1.5% year over year. It earns a return on equity of 5.0%. Net debt stands at CHF 2.2B. Fundamentals as of Jul 12, 2026

Our scenario range runs from CHF 15.76 (bear case) to CHF 26.27 (bull case); at CHF 25.10, 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 28% 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 -16%, GLKBN 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 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
Highest evidence
Residual Income CHF 23.90 CHF 23.85 CHF 21.37 76
Gordon GGM CHF 7.77 CHF 14.00 CHF 19.27 70
P/E Multiple CHF 15.76 CHF 21.02 CHF 26.27 63
All 6 models by family
Dividend Discount
Gordon GGM CHF 7.77 CHF 14.00 CHF 19.27 70
DDM Multi-Stage CHF 7.77 CHF 12.04 CHF 14.96 61
Multiples
P/E Multiple CHF 15.76 CHF 21.02 CHF 26.27 63
P/B Multiple CHF 20.61 CHF 27.48 CHF 34.35 55
Asset-Based
NCAV (Graham) CHF 16.48 CHF 22.09 CHF 32.96 50
Economic Profit
Residual Income CHF 23.90 CHF 23.85 CHF 21.37 76

Widest divergence: Economic Profit (CHF 23.85) versus Dividend Discount (CHF 12.04). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) CHF 95.8M
Revenue growth (YoY) -6.6%
Net margin 22.8%
Return on equity 5.0%
Free cash flow CHF 15.6M FY2025
P/E ratio 15.6
More key figures
Operating margin 28.6%
EPS (TTM) CHF 1.54
Dividend yield 4.2%
EPS growth (YoY) -6.1%
Net debt CHF 2.2B FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 55 · Market factors (momentum, volatility) 75

Profitability 22
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 82
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

Glarner Kantonalbank engages in providing various banking products and services to private and corporate customers primarily in Switzerland.

Full company description

Glarner Kantonalbank engages in providing various banking products and services to private and corporate customers primarily in Switzerland. The company offers savings, deposit, investing, service, and retirement accounts; construction, personal loans, mortgages, and home finance; investment and asset management; debit and credit cards; and term and life insurance, and pension products. It also provides precautionary and retirement advice, e/QR bill, mobile payment and banking, and online banking services; and foreign currency and transaction, rent, financing, leasing, bank guarantee and rental deposit, travel, payment, and package solutions. In addition, the company offers outsourcing, portfolio construction, and online mortgage, loan advisory, and consulting services. Further, the company provides trading and treasury, financial intermediaries, and external mortgage brokers services. It operates through branches and ATMs. Glarner Kantonalbank was incorporated in 1884 and is based in Glarus, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Glarner Kantonalbank reported revenue of CHF 170M in FY2025 versus CHF 85.1M in FY2021, a compound +18.9%/yr. Reported net income was CHF 21.8M in FY2025, compounding −2.8%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
CHF 170M
Avg. growth/yr (3Y) 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.
+33.9%
Avg. growth/yr (5Y) 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.
+20.4%
Avg. growth/yr (16Y) 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.
+3.0%
Revenue +18.9%/yr
FY21 CHF 85.1M
FY22 CHF 104M
FY23 CHF 196M
FY24 CHF 204M
FY25 CHF 170M
Net income −2.8%/yr
FY21 CHF 24.5M
FY22 CHF 25.3M
FY23 CHF 26.0M
FY24 CHF 24.3M
FY25 CHF 21.8M
Character of growth · EPS growth decomposed (2014-2025) +1.5 % p.a.
Revenue per share +7.4 pp

of which total revenue +9.5 pp · buybacks/dilution −2.0 pp

EBIT margin −4.7 pp
Tax rate −0.9 pp
Residual (interest, one-offs) −0.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

GLKBN screens 16% overvalued. Compare with PT Bank Central Asia Tbk →

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Cite: Fair Value Calculator (2026). "Glarner Kantonalbank Fair Value". https://www.fairvalue-calculator.com/stock/GLKBN

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 60 · Top 25%
Fair Value upside −16% · Below median
Return on equity (TTM) 5% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 23% · Below median
Operating margin (TTM) 29% · Below median
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 4.2% · Top 25%
Debt / equity 6.84× · Higher than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 15.6× · Pricier than 75% of peers
P/B 0.90× · Cheaper than median
P/S (TTM) 4.18× · Pricier than median
P/FCF 25.8× · Pricier than 75% of peers
EV/EBITDA 70.0× · 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 12 · sector 39
FUTURE 0 · sector 44
PAST 20 · sector 41
HEALTH 0 · sector 85
DIVIDEND 85 · sector 49

Insider activity: 45/100

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 12, 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 Glarner Kantonalbank (GLKBN) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of CHF 21.02 versus a price of CHF 25.10, about −16% (overvalued).
What is the fair value of GLKBN?
Our model-based fair value for Glarner Kantonalbank is CHF 21.02 (as of Jul 12, 2026), built from audited fundamentals. The current price is CHF 25.10.
What is the quality score of GLKBN?
Glarner Kantonalbank has a Quality Score of 52/100. 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 Glarner Kantonalbank (GLKBN)?
Glarner Kantonalbank reported trailing-twelve-month revenue of about CHF 95.8M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of GLKBN?
The net profit margin of Glarner Kantonalbank is about 22.8%, meaning it keeps roughly 22.8% of revenue as net income. Based on the latest reported figures.
Does Glarner Kantonalbank pay a dividend?
Glarner Kantonalbank currently shows a dividend yield of about 4.31% relative to its recent price (as of Jul 12, 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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