EN DE
Watch Komercni Banka A.S. for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Komercni Banka A.S. (KOMB) fair value: what the stock is really worth

As of Nov 12, 2026: fair value (intrinsic value) of Komercni Banka A.S. stock CZK 964, price CZK 990, that is 2.6% below the price, quality 63 out of 100. Rating: fairly valued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Financial Services CZ · ISIN CZ0008019106

KB Komercni Banka A.S. logo Broad data Nov 12, 2026

Komercni Banka A.S.

KOMB · PR

Solid company and rising price, but the stock is already about fairly priced: meets 2 of 3 rules.

Get notified free when this changes
Quality 63/100 
Rising price (uptrend) 
Highly profitable · 46.9% net margin (TTM) 
9.7% dividend yield · Low payout
Ranks above peers (11/14) 
Broad data 
Costs just 5.3 times its yearly profit. 
Fair value 964.11 CZK · Fairly valued 
Mixed Growth (revenue 5y +4.4 %/yr in CZK) 
Wide moat 71/100 · thin data
Watch Komercni Banka A.S. for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

1,151 CZK 361.60 CZK Fair Value 964.11 CZK Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 12, 2026.

How to read this chart

60‑month range 361.60 CZK – 1,151 CZK · fair‑value band 779.04 CZK – 1,115 CZK · the 990.00 CZK price screens above the 964.11 CZK fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.

Follow Komercni Banka A.S. in your weekly email

Every Wednesday you see whether Komercni Banka A.S. is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Komercní banka, a.s., together with its subsidiaries, provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe. The company operates through Retail Banking, Corporate Banking, and Investment Banking segments.

Show moreShow less

It accepts various deposits, such as current, business, and savings accounts; term deposits; and building savings.

The company's loan products include personal, revolving, sustainable housing, syndicated, consumer, credit card, and business loans; mortgages; home equity loans and lines of credit; and overdrafts, as well as operational, investment, pension, import and export, claim, real estate, and structured financing.

It also offers debit and credit cards; travel, risk life, savings life, accident, residential real estate, household, investment life, property, capital life, solvency, and payment insurance products; bond issuance and private banking services; foreign currency and derivative products; investment solutions; securities; guarantee transactions; payments; cash pooling; and currency spot, cross currency swap, currency option and forward, and foreign exchange forward and swap services, as well as trades in financial instruments.

In addition, the company internet and mobile banking, online tools for international trade, and other digital services. It serves individuals, entrepreneurs, small businesses, and corporations and institutions. The company was founded in 1990 and is headquartered in Prague, the Czech Republic.

Komercní banka, a.s. is a subsidiary of Société Générale Société anonyme.

Stock analysis

Komercni Banka A.S. (KOMB) currently trades at 990.00 CZK, while our model-based Fair Value estimate is 964.11 CZK, so the stock looks roughly fairly valued today (gap 2.7%).

Show more

Valuation

Bull case: the Multiples group reads highest at a median of 1,039 CZK per share, and 2 of the 6 models we run sit above the 990.00 CZK price.

Bear case: the Asset-Based group reads lowest at 399.39 CZK, and 4 of the 6 models stay below the price. Data coverage for this calculation is high.

Scenario range: 779.04 CZK (bear) to 1,115 CZK (bull), the price of 990.00 CZK sits inside 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 63/100 (solid quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Komercni Banka A.S. reported revenue of 36.8B CZK in FY2025 versus 31.3B CZK in FY2021, a compound +4.1%/yr. Reported net income was 18.1B CZK in FY2025, compounding +9.1%/yr from FY2021.

Key figures

Market cap 187B CZK (≈ $8.5B) Mid · P/E ratio 5.3 · P/S ratio 2.58 · EPS (TTM) 187.92 CZK · Dividend yield 9.7% · Net margin 49.1% · Return on equity 14.3% · Return on assets (EBIT) 2.6% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 71 out of 100 (low confidence).

What moves the price

The share trades about 14% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −3%, KOMB screens cheaper than that median.

Fair Value models

Bear 779.04 CZK Fair Value 964.11 CZK Bull 1,115 CZK
Price 990.00 CZK · Downside -2.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (80.18 CZK 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = 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.
Best data coverage
Residual Income 661.62 CZK 791.22 CZK 1,021 CZK 76
Gordon GGM 840.26 CZK 964.11 CZK 1,115 CZK 69
DDM Multi-Stage 840.26 CZK 1,097 CZK 1,428 CZK 67
All 6 models by family
Dividend Discount
Gordon GGM 840.26 CZK 964.11 CZK 1,115 CZK 69
DDM Multi-Stage 840.26 CZK 1,097 CZK 1,428 CZK 67
Multiples
P/E Multiple 932.17 CZK 1,243 CZK 1,554 CZK 63
P/B Multiple 625.91 CZK 834.55 CZK 1,043 CZK 55
Asset-Based
NCAV (Graham) 298.05 CZK 399.39 CZK 596.11 CZK 51
Economic Profit
Residual Income 661.62 CZK 791.22 CZK 1,021 CZK 76

Open the full fair value analysis →

Quality Score breakdown

Overall quality 63/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 37
How much profit the company makes from its sales and capital
Quality Growth 60
Are margins and returns getting better?
Cashflow 88
Do the profits arrive as real cash?
Financial strength 19
Debt, balance sheet and risk of trouble
Investment 75
Does it invest with discipline instead of growing at any price?
Low Volatility 97
How calm the share price moves, does not count
Price momentum 42
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 33
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−5.9%
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.
−1.6%
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.
+4.4%
Start year 2020 (pandemic). Over 10 years: +2.0% a year
Revenue growth 19 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.
+1.8%
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.
+16.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.2%
Dividend (yield on the price)9.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7.2% vs 3.4%, picking up
Pace: the 5-year rate starts in 2020 (pandemic)

Watch KOMB, get fair value alerts →

Compare Komercni Banka A.S. with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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 · 998 stocks

Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 63 · Top 25%
Fair Value upside −2.6% · Above median
Profitability
Return on equity (12 months) 14.3% · Top 25%
Return on assets 1.1% · Above median
Net margin (12 months) 46.9% · Top 25%
Operating margin (12 months) 57.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) −1.8% · Bottom 25%
Dividend yield (12 months) 9.7% · Top 25%

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 5.3× · Cheapest 25%
P/B 1.47× · Pricier than median
P/S (12 months) 4.96× · Priciest 25%
Price / free cash flow (fiscal year) 8.2× · Cheaper than median
EV/EBITDA 1.1× · Cheapest 25%
PEG 1.30× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)30 · sector 9
FUTURE (revenue growth)0 · sector 47
PAST (return on equity)57 · sector 43
HEALTH (low debt)–
DIVIDEND (yield)100 · sector 52

HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.

Context: sector, industry, market

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

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Postal Savings Bank of China Co 601658 ¥5.62 ¥7.59 +35% vs KOMB
China Merchants Bank Co 600036 ¥42.63 ¥52.73 +24% vs KOMB
BNP Paribas SA BNP €95.68 €107.43 +12% vs KOMB
Intesa Sanpaolo S.p.A ISP €6.25 €4.91 −21% vs KOMB
UniCredit S.p.A UCG €84.24 €58.08 −31% vs KOMB
Oversea-Chinese Banking Corporation O39 28.67 SGD 18.20 SGD −37% vs KOMB
Mizuho Financial Group MFG $10.12 $5.87 −42% vs KOMB
DBS Group D05 71.00 SGD 40.39 SGD −43% vs KOMB
HDFC Bank Limited HDFCBANK ₹812.30 ₹406.39 −50% vs KOMB
ICICI Bank Limited ICICIBANK ₹1,590 ₹615.63 −61% vs KOMB

Explore undervalued stocks

More undervalued Financial Services stocks →

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

For bloggers & editors: embed code + live data

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.

Komercni Banka A.S.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Komercni Banka A.S. Fair Value". https://www.fairvalue-calculator.com/stock/KOMB

Frequently asked questions

Is Komercni Banka A.S. (KOMB) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of 964.11 CZK versus a price of 990.00 CZK, about 3% lower (fairly valued).
What is the fair value of KOMB?
Our model-based fair value for Komercni Banka A.S. is 964.11 CZK (as of Nov 12, 2026), built from audited fundamentals. The current price: 990.00 CZK.
What is the quality score of KOMB?
Komercni Banka A.S. has a Quality Score of 63/100. 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 Komercni Banka A.S. (KOMB)?
Our model-based price target is the fair value of 964.11 CZK (as of Nov 12, 2026) from 6 valuation models. Cautious scenario 779.04 CZK, optimistic scenario 1,115 CZK. It is a calculation from audited fundamentals, not an analyst target.
What is the Komercni Banka A.S. stock forecast for 2026?
Our models put fair value at 964.11 CZK, about 3% lower versus a price of 990.00 CZK (fairly valued). Cautious scenario 779.04 CZK, optimistic scenario 1,115 CZK. The calculation is refreshed regularly with new filings.
What is the revenue of Komercni Banka A.S. (KOMB)?
Komercni Banka A.S. reported trailing-twelve-month revenue of about 37.7B CZK (latest available figure, as of Nov 12, 2026).
Does Komercni Banka A.S. pay a dividend?
Komercni Banka A.S. currently shows a dividend yield of 9.66% relative to its recent price (as of Nov 12, 2026).
How much is the dividend of Komercni Banka A.S. (KOMB) and when is the ex-dividend date?
Komercni Banka A.S. pays a dividend of 95.60 CZK per share a year, a dividend yield of 9.7%. The last ex-dividend date was May 4, 2026. A dividend has been paid every year since 2021. The payout ratio is 50.9% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Komercni Banka A.S. (KOMB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Komercni Banka A.S. it is 964.11 CZK per share (as of Nov 12, 2026), against a price of 990.00 CZK. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Komercni Banka A.S. stock overvalued or undervalued in 2026?
As of Nov 12, 2026, KOMB trades above its calculated fair value: price 990.00 CZK, fair value 964.11 CZK, a gap of about −3% (fairly valued). 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 KOMB?
No. The price is what the market pays today (990.00 CZK); the fair value is what the company's own numbers justify (964.11 CZK). For Komercni Banka A.S. the two are 25.89 CZK per share apart. That gap is exactly why we show both numbers side by side.
How much is Komercni Banka A.S. worth?
The market values Komercni Banka A.S. at about 187B CZK (market capitalisation, as of Nov 12, 2026). Per share that is 990.00 CZK; our models calculate a fair value of 964.11 CZK per share.
What do the bullish and bearish scenarios say about KOMB?
Our models span a range for Komercni Banka A.S.: cautious scenario 779.04 CZK, base 964.11 CZK, optimistic 1,115 CZK per share (as of Nov 12, 2026, price 990.00 CZK). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KOMB?
Komercni Banka A.S. trades at a price-to-earnings ratio of 5.3 (as of Nov 12, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 964.11 CZK is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 11.2. Other multiples: PEG 1.3, P/B 1.5, P/S 5.0, EV/EBITDA 1.1.
What is the PEG ratio of KOMB?
The PEG ratio of Komercni Banka A.S. is 1.30 (P/E divided by earnings growth, as of Nov 12, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Komercni Banka A.S. (KOMB)?
Balance-sheet figures for Komercni Banka A.S. (as of Nov 12, 2026): return on equity 14.3%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is KOMB from its 52-week high?
Komercni Banka A.S. trades at 990.00 CZK, about 14% below its 52-week high of 1,151 CZK and 3% above the low of 963.00 CZK (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of 964.11 CZK is for.
Which stocks are comparable to Komercni Banka A.S.?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, 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 Komercni Banka A.S. stock attractive at the current price?
The data as of Nov 12, 2026: price 990.00 CZK, calculated fair value 964.11 CZK (−3%), Quality Score 63/100, 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 KOMB calculated?
We run Komercni Banka A.S. through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 964.11 CZK builds on their evidence-weighted average, 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 14.3% above its aggregate fair value. Komercni Banka A.S. 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 Komercni Banka A.S. (KOMB)?
The closing price on Nov 12, 2026 was 990.00 CZK. Our model-based fair value is 964.11 CZK, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Komercni Banka A.S. right 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.
Where does the earnings growth of Komercni Banka A.S. (KOMB) come from?
Earnings per share at Komercni Banka A.S. grew +0.8 % a year from 2011 to 2022. Broken into its drivers: revenue per share +0.4 %, EBIT margin +4.7 %, tax rate −0.3 %, residual (interest, one-offs) −3.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Komercni Banka A.S.

How large is the market capitalisation of Komercni Banka A.S. (KOMB)?
The market capitalisation of Komercni Banka A.S. is 187B CZK (≈ $8.5B). 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 Komercni Banka A.S. (KOMB)?
The price-to-sales ratio of Komercni Banka A.S. is 2.58 (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 Komercni Banka A.S. (KOMB)?
Earnings per share at Komercni Banka A.S. are 187.92 CZK (price ÷ EPS = P/E 5.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Komercni Banka A.S. (KOMB)?
The dividend yield of Komercni Banka A.S. is 9.7% (payout 50.9%). 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 Komercni Banka A.S. (KOMB)?
The net margin of Komercni Banka A.S. is 49.1% (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 Komercni Banka A.S. (KOMB)?
The return on equity (ROE) of Komercni Banka A.S. is 14.3% (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 Komercni Banka A.S. (KOMB)?
On an EBIT basis the return on assets of Komercni Banka A.S. is 2.6% (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 Komercni Banka A.S. (KOMB)?
The operating margin of Komercni Banka A.S. is 57.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Komercni Banka A.S. (KOMB)?
Revenue at Komercni Banka A.S. is growing −1.8% versus a year earlier (3y avg −1.6%). 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 Komercni Banka A.S. (KOMB)?
Earnings per share at Komercni Banka A.S. are growing −2.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Komercni Banka A.S. (KOMB) generate?
The free cash flow of Komercni Banka A.S. is 22.9B CZK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Komercni Banka A.S. (KOMB) carry?
The net debt of Komercni Banka A.S. is 1.7B CZK (fiscal year 2025, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Komercni Banka A.S. in the live analysis

One click puts Komercni Banka A.S. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.