Bank of China Limited (HBND) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Bank of China Limited S$1.73, price S$0.97, upside +79.3%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Bank of China Limited
HBND · SGClearly undervaluedStrong Fair Value upside, but quality is only moderate.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.
How to read this chart
23‑month range 0.5579 SGD – 1.04 SGD · fair‑value band 1.59 SGD – 2.62 SGD · the 0.9650 SGD price screens below the 1.73 SGD fair value. Dashed = 300-day average. As of Sep 28, 2026.
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Company profile
Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. The company operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.
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Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. The company operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other. The Corporate Banking segment provides current accounts, deposits, overdrafts, loans, payments and settlements, trade-related products, and other credit facilities, as well as foreign currency, derivative, and wealth management products for corporate customers, government authorities, and financial institutions. The Personal Banking segment offers savings deposits, personal loans, credit cards and debit cards, payments and settlements, wealth management, and funds and insurance agency services to retail customers. The Treasury Operations segment offers foreign exchange transactions, customer-based interest rate, and foreign exchange derivative transactions, as well as money market transactions, proprietary trading, and asset and liability management. The Investment Banking segment provides debt and equity underwriting and financial advisory, sale and trading of securities, stock brokerage, investment research, asset management services, and private equity investment services. The Insurance segment provides underwriting services for general and life insurance business, and insurance agency services. In addition, it operates debt-to-equity swaps and other supporting, and aircraft and financial leasing business. The company was founded in 1912 and is headquartered in Beijing, China.
Stock analysis
Bank of China Limited (HBND) currently trades at 0.9650 SGD, while our model-based Fair Value estimate is 1.73 SGD, implying the stock looks roughly 44.2% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 1.87 SGD per share, and 6 of the 6 models we run sit above the 0.9650 SGD price.
Bear case: the Dividend Discount group reads lowest at 1.21 SGD, and 0 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: 1.59 SGD (bear) to 2.62 SGD (bull), the price of 0.9650 SGD sits below 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 54/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Bank of China Limited reported revenue of 657B CNY in FY2025 versus 604B CNY in FY2021, a compound +2.1%/yr. Reported net income was 243B CNY in FY2025, compounding +2.9%/yr from FY2021.
Key figures
Market cap 311B SGD (≈ $243B) · P/E ratio 5.7 · P/S ratio 2.10 · EPS (TTM) 0.1400 SGD · Net margin 37.0% · Return on equity 8.4% · Return on assets 0.7% · Operating margin 53.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 45% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −18% fair-value upside, at 79%, HBND screens cheaper than that median.
Fair Value models
All 6 models by family
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Set up alert →Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 80
Revenue & earnings trend
Growth Forecast
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Compare Bank of China Limited with another stock
Price, fair value, quality and upside side by side.
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 - Diversified · 43 stocks
Valuation Multiplesvs Banks - Diversified median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Valuation of the Singapore market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Diversified stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| JPMorgan Chase & Co JPM | $330.83 | $188.11 | −43% |
| Industrial and Commercial Bank of China Limited 601398 | ¥8.28 | ¥10.93 | +32% |
| China Construction Bank Corporation 601939 | ¥10.98 | ¥13.69 | +25% |
| Bank of America Corporation BAC | $55.47 | $42.37 | −24% |
| Agricultural Bank of China Limited 601288 | ¥6.97 | ¥12.94 | +86% |
| Royal Bank of Canada RY | $200.95 | $130.85 | −35% |
| Mitsubishi UFJ Financial Group MUFG | $23.37 | $14.86 | −36% |
| Wells Fargo & Company WFC | $80.05 | $66.44 | −17% |
| Citigroup Inc C | $130.80 | $107.10 | −18% |
| Banco Santander, S.A SAN | €11.81 | €8.19 | −31% |
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Key figures of Bank of China Limited
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