Kasikornbank Public Company Limited (KPCPF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Kasikornbank Public Company Limited $7.57, price $7.21, upside +5.0%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range $0.7489 – $7.21 · fair‑value band $5.66 – $9.85 · the $7.21 price screens below the $7.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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Kasikornbank Public Company Limited, together with its subsidiaries, provides commercial banking products and services in Thailand and internationally. The company operates through four segments: Corporate Business; Retail Business; Treasury and Investment, Capital Markets Business and World Business Group; and Muang Thai Group Holding Business.
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Kasikornbank Public Company Limited, together with its subsidiaries, provides commercial banking products and services in Thailand and internationally. The company operates through four segments: Corporate Business; Retail Business; Treasury and Investment, Capital Markets Business and World Business Group; and Muang Thai Group Holding Business. It offers e-savings, savings, fixed deposit, current, and foreign currency deposit accounts; debit and credit cards, as well as Xpress cash; personal, home, and auto loans, as well as property for sale; mutual funds, stocks, debentures/bonds, and derivatives/futures exchange; accident, health, critical illness, travel, savings, retirement and endowment, life insurance and inheritance, car, insurance for tax deduction, and other insurance products; digital banking and e-wallet; bill payment, money and global money transfers, and PromptPay; cash management, including cheques and drafts, as well as foreign exchange; alert services; and other financial services. The company also provides working capital, commercial loan, and letter of indemnity; international trade finance, international guarantee, and green solutions; payment, collection, liquidity management, and online merchant solutions; electronic payment application; e-tax invoice and receipt; import and export service solutions; various channels in overseas; corporate finance, securities, and investment; business accounts and cards; life, non-life, and group insurance; electronic service solution; fx and derivatives; and other related services. In addition, it engages in funding; centralized risk management; liquid assets investments; financial instruments; and foreign currency exchange, as well as brokerage business. The company was formerly known as Thai Farmers Bank Public Company Limited and changed its name to Kasikornbank Public Company Limited in April 2003. Kasikornbank Public Company Limited was founded in 1945 and is headquartered in Bangkok, Thailand.
Stock analysis
Kasikornbank Public Company Limited (KPCPF) currently trades at $7.21, while our model-based Fair Value estimate is $7.57, so the stock looks roughly fairly valued today (gap 4.8%).
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Valuation
Bull case: the Multiples group reads highest at a median of $8.21 per share, and 2 of the 6 models we run sit above the $7.21 price.
Bear case: the Asset-Based group reads lowest at $4.96, and 4 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: $5.66 (bear) to $9.85 (bull), the price of $7.21 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 65/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Kasikornbank Public Company Limited reported revenue of 267B THB in FY2025 versus 179B THB in FY2021, a compound +10.5%/yr. Reported net income was 49.5B THB in FY2025, compounding +6.8%/yr from FY2021.
Key figures
Market cap $16.9B · P/E ratio 9.7 · P/S ratio 1.80 · EPS (TTM) $0.6500 · Dividend yield 5.9% · Net margin 18.5% · Return on equity 8.5% · Return on assets (EBIT) 1.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 44% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at 5%, KPCPF screens cheaper than that median.
Fair Value models
Bear $5.66Fair Value $7.57Bull $9.85
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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.
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.84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+12.8%
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.
+11.6%
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.
+9.1%
Start year 2020 (pandemic). Over 10 years: +4.2% a year
Revenue growth 20 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.
+8.9%
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What shareholders gained per year (last 5 years), in THB (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+22.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.6%
Dividend (yield on the price)5.9%
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.20.3% vs 9.2%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.24% → 26%
2025 sits 126% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−5.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in THB, Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about −6.7% a year for the forecasts.
News mood ⓘNews mood, the average tone of recent news (24 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Compare Kasikornbank Public Company Limited with another stock
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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 · 1053 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−6.9% · Above median
Profitability
Return on equity (TTM)8.5% · Below median
Return on assets1.3% · Above median
Net margin (TTM)32.6% · Above median
Operating margin (TTM)51.4% · Top 25%
Growth and dividend
Revenue growth1.1% · Below median
Dividend yield (TTM)5.9% · Top 25%
Balance sheet
Debt / equity0.38× · Above median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Kasikornbank Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/KPCPF
Frequently asked questions
Is Kasikornbank Public Company Limited (KPCPF) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of $7.57 versus a price of $7.21, about +5% upside (fairly valued).
What is the fair value of KPCPF?
Our model-based fair value for Kasikornbank Public Company Limited is $7.57 (as of Oct 3, 2026), built from audited fundamentals. The current price: $7.21.
What is the quality score of KPCPF?
Kasikornbank Public Company Limited has a Quality Score of 65/100. 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 Kasikornbank Public Company Limited (KPCPF)?
Our model-based price target is the fair value of $7.57 (as of Oct 3, 2026) from 6 valuation models. Cautious scenario $5.66, optimistic scenario $9.85. It is a calculation from audited fundamentals, not an analyst target.
What is the Kasikornbank Public Company Limited stock forecast for 2026?
Our models put fair value at $7.57, about +5% upside versus a price of $7.21 (fairly valued). Cautious scenario $5.66, optimistic scenario $9.85. The calculation is refreshed regularly with new filings.
What is the revenue of Kasikornbank Public Company Limited (KPCPF)?
Kasikornbank Public Company Limited reported trailing-twelve-month revenue of about 155B THB (latest available figure, as of Oct 3, 2026).
Does Kasikornbank Public Company Limited pay a dividend?
Kasikornbank Public Company Limited currently shows a dividend yield of about 5.89% relative to its recent price (as of Oct 3, 2026).
What growth is priced into Kasikornbank Public Company Limited (KPCPF)?
For today's price to be fair in a discounted-cash-flow model, Kasikornbank Public Company Limited would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.1 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of KPCPF use?
Our models discount Kasikornbank Public Company Limited at 8.1 %: a base by market capitalisation (large), damped by beta 0.23, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kasikornbank Public Company Limited that is less than minus 40 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has Kasikornbank Public Company Limited (KPCPF) delivered so far?
Over the past 5 years revenue at Kasikornbank Public Company Limited grew +9.1 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kasikornbank Public Company Limited (KPCPF) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Kasikornbank Public Company Limited (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kasikornbank Public Company Limited (KPCPF)?
The free-cash-flow yield on the price is 42.12 %: that much free cash flow Kasikornbank Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kasikornbank Public Company Limited (KPCPF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kasikornbank Public Company Limited it is $7.57 per share (as of Oct 3, 2026), against a price of $7.21. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Kasikornbank Public Company Limited stock overvalued or undervalued in 2026?
As of Oct 3, 2026, KPCPF trades below its calculated fair value: price $7.21, fair value $7.57, a gap of about +5% (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 KPCPF?
No. The price is what the market pays today ($7.21); the fair value is what the company's own numbers justify ($7.57). For Kasikornbank Public Company Limited the two are $0.3600 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kasikornbank Public Company Limited worth?
The market values Kasikornbank Public Company Limited at about $16.9B (market capitalisation, as of Oct 3, 2026). Per share that is $7.21; our models calculate a fair value of $7.57 per share.
What do the bullish and bearish scenarios say about KPCPF?
Our models span a range for Kasikornbank Public Company Limited: cautious scenario $5.66, base $7.57, optimistic $9.85 per share (as of Oct 3, 2026, price $7.21). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KPCPF?
Kasikornbank Public Company Limited trades at a price-to-earnings ratio of 9.7 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $7.57 is built from several models across several years. Other multiples: PEG 1.6, P/B 1.0, P/S 3.7, EV/EBITDA 5.1.
What is the PEG ratio of KPCPF?
The PEG ratio of Kasikornbank Public Company Limited is 1.62 (P/E divided by earnings growth, as of Oct 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Kasikornbank Public Company Limited (KPCPF)?
Balance-sheet figures for Kasikornbank Public Company Limited (as of Oct 3, 2026): return on equity 8.5%, debt of 0.38 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is KPCPF from its 52-week high?
Kasikornbank Public Company Limited trades at $7.21, at its 52-week high of $7.21 and 44% above the low of $5.00 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $7.57 is for.
Which stocks are comparable to Kasikornbank Public Company Limited?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, 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 Kasikornbank Public Company Limited stock attractive at the current price?
The data as of Oct 3, 2026: price $7.21, calculated fair value $7.57 (+5%), Quality Score 65/100, 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 KPCPF calculated?
We run Kasikornbank Public Company Limited through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $7.57, 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 14.5 % above its aggregate fair value. Kasikornbank Public Company Limited currently trades 5 % below its own fair value, and the market average says nothing about that. 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 Kasikornbank Public Company Limited (KPCPF)?
The closing price on Oct 2, 2026 was $7.21. Our model-based fair value is $7.57, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kasikornbank Public Company Limited 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 Kasikornbank Public Company Limited (KPCPF) come from?
Earnings per share at Kasikornbank Public Company Limited grew +3.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.9 %, EBIT margin −2.7 %, tax rate −0.3 %, residual (interest, one-offs) +0.6 %. 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 Kasikornbank Public Company Limited
How large is the market capitalisation of Kasikornbank Public Company Limited (KPCPF)?
The market capitalisation of Kasikornbank Public Company Limited is $16.9B. 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 Kasikornbank Public Company Limited (KPCPF)?
The price-to-sales ratio of Kasikornbank Public Company Limited is 1.80 (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 Kasikornbank Public Company Limited (KPCPF)?
Earnings per share at Kasikornbank Public Company Limited are $0.6500 (price ÷ EPS = P/E 9.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kasikornbank Public Company Limited (KPCPF)?
The dividend yield of Kasikornbank Public Company Limited is 5.9% (payout 65.3%). 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 Kasikornbank Public Company Limited (KPCPF)?
The net margin of Kasikornbank Public Company Limited is 18.5% (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 Kasikornbank Public Company Limited (KPCPF)?
The return on equity (ROE) of Kasikornbank Public Company Limited is 8.5% (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 Kasikornbank Public Company Limited (KPCPF)?
On an EBIT basis the return on assets of Kasikornbank Public Company Limited is 1.3% (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 Kasikornbank Public Company Limited (KPCPF)?
The operating margin of Kasikornbank Public Company Limited is 51.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kasikornbank Public Company Limited (KPCPF)?
Revenue at Kasikornbank Public Company Limited is growing +1.1% versus a year earlier (3y avg +11.6%). 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 Kasikornbank Public Company Limited (KPCPF)?
Earnings per share at Kasikornbank Public Company Limited are growing +10.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Kasikornbank Public Company Limited (KPCPF) hold?
Kasikornbank Public Company Limited holds more cash than debt, 115B THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 3, 2026