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Getin Holding (GTN) Fair Value & Analysis

Financial Services · PL · Market cap 70.0M PLN

GH Getin Holding GTN · WAR
Price0.3550 PLN
Fair Value0.7380 PLN
Upside+107.9%
Quality52/100
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Weak Growth
Loss-making · -109.5% net margin
Moderate debt · negative free cash flow
Trails peers (2/11)
Narrow moat 17/100
Evidence: Low Range 0.4290 PLN – 0.9810 PLN Share as image

Fair value as of: Jul 16, 2026

From 3 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 0.4388 PLN to 0.7380 PLN (+68.2%) since Jun 26, 2026. Share price −10.4% over the past month.

A solid business, screening 108% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.4290 PLN). The market is more pessimistic than our downside scenario.
  • 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 quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (0.4290 PLN to 0.9810 PLN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

1.11 PLN 0.2638 PLN Fair Value 0.7380 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 0.2638 PLN – 1.11 PLN · fair‑value band 0.4290 PLN – 0.9810 PLN · the 0.3550 PLN price screens below the 0.7380 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Getin Holding (GTN) currently trades at 0.3550 PLN, while our model-based Fair Value estimate is 0.7380 PLN, implying the stock looks roughly 107.9% undervalued today. The Quality Score stands at 52/100 (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: low), always confirm before acting.

Trailing-twelve-month revenue stands at 3.3M PLN. It earns a return on equity of -3.1%. The balance sheet holds a net cash position of 1.7M PLN. The stock trades on a trailing P/E of 25.1. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.4290 PLN (bear case) to 0.9810 PLN (bull case); at 0.3550 PLN, the current price sits below 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 58% below its 52-week high and 34% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 108%, GTN screens cheaper 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
EV/EBITDA 0.0700 PLN 0.1700 PLN 0.2700 PLN 54
NCAV (Graham) 0.1500 PLN 0.2000 PLN 0.3000 PLN 50
Owner Earnings 0.2100 PLN 0.6400 PLN 1.40 PLN 31
All 3 models by family
DCF Models
Owner Earnings 0.2100 PLN 0.6400 PLN 1.40 PLN 31
Multiples
EV/EBITDA 0.0700 PLN 0.1700 PLN 0.2700 PLN 54
Asset-Based
NCAV (Graham) 0.1500 PLN 0.2000 PLN 0.3000 PLN 50

Widest divergence: DCF Models (0.6400 PLN) versus Multiples (0.1700 PLN). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 3.3M PLN
Revenue growth (YoY) -90.1%
Net margin -109%
Return on equity -3.1%
Free cash flow −4.5M PLN FY2025
P/E ratio 18.5
More key figures
Operating margin -538%
EPS (TTM) 0.0200 PLN
EPS growth (YoY) +150%
Net cash 1.7M PLN FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 49 · Market factors (momentum, volatility) 26

Profitability 6
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 3
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

Getin Holding S.A., a financial holding company, engages in investment activities in Poland and internationally. The company operates in the fields of banking, financial intermediation, insurance, and leasing sectors.

Full company description

Getin Holding S.A., a financial holding company, engages in investment activities in Poland and internationally. The company operates in the fields of banking, financial intermediation, insurance, and leasing sectors. It also accepts deposits; and offers loans and advances, and guarantees and sureties, as well as legal, debt collection, and advisory services. In addition, the company provides cash, car, mortgage, and consumer loans; credit cards; financing services for light and heavy vehicles, as well as medical equipment; and payment cards. It serves small and medium-sized enterprises, and individual clients. The company was formerly known as Getin Service Provider S.A. and changed its name to Getin Holding S.A. in July 2003. Getin Holding S.A. was incorporated in 1996 and is headquartered in Wroclaw, Poland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Getin Holding reported revenue of 5.1M PLN in FY2025 versus 231M PLN in FY2021, a compound −61.5%/yr. Reported net income was −1.9M PLN in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
5.1M PLN
Avg. growth/yr (20Y) 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.
−20.1%
Revenue −61.5%/yr
FY21 231M PLN
FY22 −132M PLN
FY23 205M PLN
FY24 1.5M PLN
FY25 5.1M PLN
Net income
FY21 −132M PLN
FY22 −219M PLN
FY23 27.3M PLN
FY24 129M PLN
FY25 −1.9M PLN
Character of growth · EPS growth decomposed (2014-2025) −9.5 % p.a.
Revenue per share −25.9 pp

of which total revenue −26.3 pp · buybacks/dilution +0.4 pp

EBIT margin −3.8 pp
Tax rate −2.0 pp
Residual (interest, one-offs) +22.2 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).

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Cite: Fair Value Calculator (2026). "Getin Holding Fair Value". https://www.fairvalue-calculator.com/stock/GTN

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 51 · Below median
Fair Value upside +109% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -109% · Bottom 25%
Revenue growth -90% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.82× · Higher than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 18.5× · Pricier than 75% of peers
P/B 0.33× · Cheaper than 75% of peers
P/S (TTM) 5.71× · 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 100 · sector 39
FUTURE 0 · sector 44
PAST 0 · sector 41
HEALTH 59 · sector 85
DIVIDEND 0 · 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 16, 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 Getin Holding (GTN) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.7380 PLN versus a price of 0.3550 PLN, about +108% (undervalued).
What is the fair value of GTN?
Our model-based fair value for Getin Holding is 0.7380 PLN (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.3550 PLN.
What is the quality score of GTN?
Getin Holding 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 Getin Holding (GTN)?
Getin Holding reported trailing-twelve-month revenue of about 3.3M PLN (latest available figure, as of Jul 16, 2026).
What is the net profit margin of GTN?
The net profit margin of Getin Holding is about -109.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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