Life & Banc Split Corp (LBS) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of Life & Banc Split Corp C$22.32, price C$12.97, upside +72.1%, quality 48 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 Sep 27, 2026.
How to read this chart
60‑month range C$2.74 – C$13.62 · fair‑value band C$13.62 – C$55.32 · the C$12.97 price screens below the C$22.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Life & Banc Split Corp. is a closed-ended equity mutual fund launched and managed by Brompton Funds Limited. The fund invests in the public equity markets of Canada. It seeks to invest in stocks of companies operating across banking and life insurance sector.
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Life & Banc Split Corp. is a closed-ended equity mutual fund launched and managed by Brompton Funds Limited. The fund invests in the public equity markets of Canada. It seeks to invest in stocks of companies operating across banking and life insurance sector. The fund primarily invests in the stocks of the six largest banks of the country, as well as of life insurance companies, utilizing a split share structure on a low cost basis. It benchmarks the performance of its portfolio against the S&P/TSX Capped Financials Index and S&P/TSX Composite Index. Life & Banc Split Corp. was formed on September 6, 2006 and is domiciled in Canada.
Stock analysis
Life & Banc Split Corp (LBS) currently trades at C$12.97, while our model-based Fair Value estimate is C$22.32, implying the stock looks roughly 41.9% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of C$142.15 per share, and 5 of the 8 models we run sit above the C$12.97 price.
Bear case: the Asset-Based group reads lowest at C$6.77, and 3 of the 8 models stay below the price. Evidence for this calculation is medium.
Scenario range: C$13.62 (bear) to C$55.32 (bull), the price of C$12.97 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 48/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Life & Banc Split Corp reported revenue of C$69.5M in FY2025 versus C$158M in FY2021, a compound −18.5%/yr. Reported net income was C$270M in FY2025, compounding +14.7%/yr from FY2021.
Key figures
Market cap C$1.5B (≈ $1.1B) · P/E ratio 2.6 · P/S ratio 10.1 · EPS (TTM) C$5.25 · Dividend yield 6.7% · Net margin 87.0% · Return on equity 47.8% · Return on assets (EBIT) 15.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 87% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at 72%, LBS screens cheaper than that median.
Fair Value models
Bear C$13.62Fair Value C$22.32Bull C$55.32
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (C$3.27 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.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.58/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+72.3%
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.
+20.6%
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What shareholders gained per year (last 5 years) (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.
+25.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.7%
Dividend (yield on the price)6.7%
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.3.2% vs 5.9%, steady
Profit margin 2019 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.98% → 437%
2025 sits 101% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 6.0%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
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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.Asset Management · 660 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Bottom 25%
Fair Value upside+72.1% · Above median
Profitability
Return on equity (TTM)47.8% · Top 25%
Return on assets17.7% · Top 25%
Net margin (TTM)87.0% · Top 25%
Operating margin (TTM)98.3% · Top 25%
Growth and dividend
Revenue growth14.5% · Above median
Dividend yield (TTM)6.7% · Above median
Balance sheet
Debt / equity0.41× · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
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Is Life & Banc Split Corp (LBS) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of C$22.32 versus a price of C$12.97, about +72% upside (undervalued).
What is the fair value of LBS?
Our model-based fair value for Life & Banc Split Corp is C$22.32 (as of Sep 27, 2026), built from audited fundamentals. The current price: C$12.97.
What is the quality score of LBS?
Life & Banc Split Corp has a Quality Score of 48/100. 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 Life & Banc Split Corp (LBS)?
Our model-based price target is the fair value of C$22.32 (as of Sep 27, 2026) from 8 valuation models. Cautious scenario C$13.62, optimistic scenario C$55.32. It is a calculation from audited fundamentals, not an analyst target.
What is the Life & Banc Split Corp stock forecast for 2026?
Our models put fair value at C$22.32, about +72% upside versus a price of C$12.97 (undervalued). Cautious scenario C$13.62, optimistic scenario C$55.32. The calculation is refreshed regularly with new filings.
Does Life & Banc Split Corp pay a dividend?
Life & Banc Split Corp currently shows a dividend yield of about 6.69% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Life & Banc Split Corp (LBS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Life & Banc Split Corp it is C$22.32 per share (as of Sep 27, 2026), against a price of C$12.97. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is Life & Banc Split Corp stock overvalued or undervalued in 2026?
As of Sep 27, 2026, LBS trades below its calculated fair value: price C$12.97, fair value C$22.32, a gap of about +72% (undervalued). 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 LBS?
No. The price is what the market pays today (C$12.97); the fair value is what the company's own numbers justify (C$22.32). For Life & Banc Split Corp the two are C$9.35 per share apart. That gap is exactly why we show both numbers side by side.
How much is Life & Banc Split Corp worth?
The market values Life & Banc Split Corp at about C$1.5B (market capitalisation, as of Sep 27, 2026). Per share that is C$12.97; our models calculate a fair value of C$22.32 per share.
What do the bullish and bearish scenarios say about LBS?
Our models span a range for Life & Banc Split Corp: cautious scenario C$13.62, base C$22.32, optimistic C$55.32 per share (as of Sep 27, 2026, price C$12.97). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LBS?
Life & Banc Split Corp trades at a price-to-earnings ratio of 2.6 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$22.32 is built from several models across several years. Other multiples: P/B 1.6, P/S 3.4, EV/EBITDA 4.4.
How solid is the balance sheet of Life & Banc Split Corp (LBS)?
Balance-sheet figures for Life & Banc Split Corp (as of Sep 27, 2026): return on equity 47.8%, debt of 0.41 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is LBS from its 52-week high?
Life & Banc Split Corp trades at C$12.97, about 5% below its 52-week high of C$13.62 and 87% above the low of C$6.95 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of C$22.32 is for.
Which stocks are comparable to Life & Banc Split Corp?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, Inc, 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 Life & Banc Split Corp stock attractive at the current price?
The data as of Sep 27, 2026: price C$12.97, calculated fair value C$22.32 (+72%), Quality Score 48/100, from 8 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 LBS calculated?
We run Life & Banc Split Corp through 8 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 C$22.32, 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 15.9 % above its aggregate fair value. Life & Banc Split Corp currently trades 72 % 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 Life & Banc Split Corp (LBS)?
The closing price on Sep 28, 2026 was C$12.97. Our model-based fair value is C$22.32, about +72% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Life & Banc Split Corp right now?
The price is below even our cautious bear case (C$13.62). The market is more pessimistic than our downside scenario. The model range is unusually wide (C$13.62 to C$55.32). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality. 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 Life & Banc Split Corp (LBS) come from?
Earnings per share at Life & Banc Split Corp grew +0.2 % a year from 2012 to 2023. Broken into its drivers: revenue per share −0.9 %, EBIT margin +2.2 %, tax rate −0.5 %, 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 Life & Banc Split Corp
How large is the market capitalisation of Life & Banc Split Corp (LBS)?
The market capitalisation of Life & Banc Split Corp is C$1.5B (≈ $1.1B). 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 Life & Banc Split Corp (LBS)?
The price-to-sales ratio of Life & Banc Split Corp is 10.1 (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 Life & Banc Split Corp (LBS)?
Earnings per share at Life & Banc Split Corp are C$5.25 (price ÷ EPS = P/E 2.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Life & Banc Split Corp (LBS)?
The dividend yield of Life & Banc Split Corp is 6.7% (payout 16.5%). 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 Life & Banc Split Corp (LBS)?
The net margin of Life & Banc Split Corp is 87.0% (last twelve months). 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 Life & Banc Split Corp (LBS)?
The return on equity (ROE) of Life & Banc Split Corp is 47.8% (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 Life & Banc Split Corp (LBS)?
On an EBIT basis the return on assets of Life & Banc Split Corp is 15.3% (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 Life & Banc Split Corp (LBS)?
The operating margin of Life & Banc Split Corp is 98.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Life & Banc Split Corp (LBS)?
Revenue at Life & Banc Split Corp is growing +14.5% versus a year earlier. 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 Life & Banc Split Corp (LBS)?
Earnings per share at Life & Banc Split Corp are growing +16.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Life & Banc Split Corp (LBS) generate?
The free cash flow of Life & Banc Split Corp is −C$2.1M (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 Life & Banc Split Corp (LBS) carry?
The net debt of Life & Banc Split Corp is C$512M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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