Luzerner Kantonalbank AG (LUKN) Fair Value & Analysis
Financial Services · CH · Market cap CHF 5.4B
Fair value as of: Jul 16, 2026
From 6 valuation models · updated 24 days ago
Share price +0.9% over the past month.
Below-average quality, and screening another 29% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (CHF 96.97). The favourable scenario is already priced in.
- Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
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 CHF 58.64 – CHF 115.00 · fair‑value band CHF 58.18 – CHF 96.97 · the CHF 110.00 price screens above the CHF 77.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Luzerner Kantonalbank AG (LUKN) currently trades at CHF 110.00, while our model-based Fair Value estimate is CHF 77.57, implying the stock looks roughly 29.5% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Luzerner Kantonalbank AG generated revenue of CHF 669M at a net margin of 44.7%. Revenue grew 4.9% year over year. It earns a return on equity of 7.1%. Net debt stands at CHF 26.5B. Fundamentals as of Jul 16, 2026
Our scenario range runs from CHF 58.18 (bear case) to CHF 96.97 (bull case); at CHF 110.00, the current price sits above 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 near its 52-week high and 65% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -29%, LUKN screens richer 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.
All 6 models by family
Widest divergence: Multiples (CHF 77.57) versus Dividend Discount (CHF 32.53). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 83
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
Luzerner Kantonalbank AG provides various banking products and services in Switzerland. It operates through Private & Commercial Clients, Corporate Clients, Private Banking, and Corporate Center segments.
Full company description
Luzerner Kantonalbank AG provides various banking products and services in Switzerland. It operates through Private & Commercial Clients, Corporate Clients, Private Banking, and Corporate Center segments. The company offers real estate and business financing, pension provision, and asset advisory and management; investment fund administration; savings, private, gift savings, investment, club, rent deposit savings, and business accounts; bank safe deposit box; debit, credit, and business cards; mobile payments and payment terminals; and e-banking services. It also provides pension products; financial planning; asset management; tax consulting; protective care advice, advance care directive, and safe risk insurance products; retirement advice; inheritance law solutions; mortgages and construction loans; wealth and cash management; investment solutions; working capital and investment financing; trade finance; company succession; investment and commercial properties; occupational pension advice; investment products; and foreign exchange trading. The company was formerly known as Kantonale Spar-und Leihkasse and changed its name to Luzerner Kantonalbank AG in 1892. Luzerner Kantonalbank AG was founded in 1850 and is headquartered in Lucerne, Switzerland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Luzerner Kantonalbank AG reported revenue of CHF 1.0B in FY2025 versus CHF 702M in FY2021, a compound +9.9%/yr. Reported net income was CHF 295M in FY2025, compounding +7.5%/yr from FY2021.
LUKN screens 29% overvalued. Compare with PT Bank Central Asia Tbk →
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.
Valuation Multiples vs Banks - Regional median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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
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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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