EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Luzerner Kantonalbank AG (LUKN) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Luzerner Kantonalbank AG CHF 66.76, price CHF 119, upside -43.7%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Financial Services · CH · ISIN CH0011693600

LK Broad data Sep 23, 2026

Luzerner Kantonalbank AG

LUKN · SW

Weakest SetupStrongly overvalued and low quality.

!Fair value CHF 66.76 · Strongly overvalued (−44%)
!Quality 42/100
!Expensive Growth (revenue 5y +13.8 %/yr)
✓Highly profitable · 44.7% net margin (TTM)
!High debt · negative free cash flow
!Trails peers (2/13)
!Moderate moat 61/100
!Weak on future: 25 out of 100
!Weak on past: 28 out of 100
Watch Luzerner Kantonalbank AG for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

CHF 120.40 CHF 58.64 Fair Value CHF 66.76 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range CHF 58.64 – CHF 120.40 · fair‑value band CHF 61.26 – CHF 89.01 · the CHF 118.60 price screens above the CHF 66.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.

Follow Luzerner Kantonalbank in your weekly email

Every Wednesday you see whether Luzerner Kantonalbank 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

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.

Show more

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.

Stock analysis

Luzerner Kantonalbank AG (LUKN) currently trades at CHF 118.60, while our model-based Fair Value estimate is CHF 66.76, implying the stock looks roughly 77.7% overvalued today.

Show more

Valuation

Bull case: the Multiples group reads highest at a median of CHF 77.57 per share, and 0 of the 6 models we run sit above the CHF 118.60 price.

Bear case: the Dividend Discount group reads lowest at CHF 32.53, and 6 of the 6 models stay below the price. Evidence for this calculation is high.

Scenario range: CHF 61.26 (bear) to CHF 89.01 (bull), the price of CHF 118.60 sits above 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 42/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

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.

Key figures

Market cap CHF 5.9B · P/E ratio 19.6 · P/S ratio 5.66 · EPS (TTM) CHF 6.04 · Dividend yield 2.4% · Net margin 28.8% · Return on equity 7.1% · Return on assets (EBIT) 0.5%.

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 about 1% below its 52-week high and 56% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −44%, LUKN screens richer than that median.

Fair Value models

Bear CHF 61.26 Fair Value CHF 66.76 Bull CHF 89.01
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 (CHF 4.42 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. 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.
Highest evidence
Residual Income CHF 59.05 CHF 63.47 CHF 72.00 76
Gordon GGM CHF 22.83 CHF 35.32 CHF 48.52 68
DDM Multi-Stage CHF 22.83 CHF 32.53 CHF 43.03 67
All 6 models by family
Dividend Discount
Gordon GGM CHF 22.83 CHF 35.32 CHF 48.52 68
DDM Multi-Stage CHF 22.83 CHF 32.53 CHF 43.03 67
Multiples
P/E Multiple CHF 58.18 CHF 77.57 CHF 96.97 63
P/B Multiple CHF 74.56 CHF 99.41 CHF 124.27 55
Asset-Based
NCAV (Graham) CHF 35.50 CHF 47.58 CHF 71.01 54
Economic Profit
Residual Income CHF 59.05 CHF 63.47 CHF 72.00 76

Open the full fair value analysis →

Notify me when LUKN reaches fair value

Put LUKN on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 42/100

Of which business quality 41 · Market factors (momentum, volatility) 84

Profitability 33
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 96
Distance to the 52-week high (market factor)
Net Issuance 54
Share count: buybacks or dilution?

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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
+21.3%
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.
+13.8%
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.
+3.2%
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.
+6.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.0%
Dividend (yield on the price)2.4%
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.4% vs 4%, steady
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.37% → 33%
Start year 2020 (pandemic)

LUKN screens 78% overvalued. Compare with DBS Group →

Compare Luzerner Kantonalbank AG 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 · 1074 stocks

Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 48 · Below median
Fair Value upside −44% · Bottom 25%
Profitability
Return on equity (TTM) 7% · Below median
Return on assets 0% · Bottom 25%
Net margin (TTM) 45% · Top 25%
Operating margin (TTM) 52% · Top 25%
Growth and dividend
Revenue growth 5% · Below median
Dividend yield (TTM) 2.4% · Below median
Balance sheet
Debt / equity 5.19× · Highest 25%

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (TTM) 19.6× · Priciest 25%
P/B 2.03× · Priciest 25%
P/S (TTM) 10.67× · Priciest 25%
EV/EBITDA 52.7× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 11
FUTURE (revenue growth)25 · sector 45
PAST (return on equity)28 · sector 41
HEALTH (low debt)0 · sector 85
DIVIDEND (yield)48 · sector 53

VALUE 0: the price sits above our fair-value range.

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
DBS Group D05 77.69 SGD 40.48 SGD −48%
China Merchants Bank Co 3968 HK$51.25 HK$62.30 +22%
Intesa Sanpaolo S.p.A ISP €6.73 €4.04 −40%
HDFC Bank Limited HDFCBANK ₹737.25 ₹406.85 −45%
BNP Paribas SA BNP €101.30 €105.99 +5%
UniCredit S.p.A UCG €83.28 €77.62 −7%
Mizuho Financial Group MFG $10.87 $6.75 −38%
ICICI Bank Limited ICICIBANK ₹1,340 ₹616.16 −54%
The PNC Financial Services Group PNC $227.96 $159.52 −30%
Oversea-Chinese Banking Corporation O39 32.14 SGD 19.80 SGD −38%

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

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

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 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

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
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.

Luzerner Kantonalbank AG · Fair Value
CHF 66.76 −78%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Luzerner Kantonalbank AG Fair Value". https://www.fairvalue-calculator.com/stock/LUKN

Frequently asked questions

Is Luzerner Kantonalbank AG (LUKN) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of CHF 66.76 versus a price of CHF 118.60, about −44% upside (overvalued).
What is the fair value of LUKN?
Our model-based fair value for Luzerner Kantonalbank AG is CHF 66.76 (as of Sep 23, 2026), built from audited fundamentals. The current price: CHF 118.60.
What is the quality score of LUKN?
Luzerner Kantonalbank AG has a Quality Score of 42/100. 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 Luzerner Kantonalbank AG (LUKN)?
Our model-based price target is the fair value of CHF 66.76 (as of Sep 23, 2026) from 6 valuation models. Cautious scenario CHF 61.26, optimistic scenario CHF 89.01. It is a calculation from audited fundamentals, not an analyst target.
What is the Luzerner Kantonalbank AG stock forecast for 2026?
Our models put fair value at CHF 66.76, about −44% upside versus a price of CHF 118.60 (overvalued). Cautious scenario CHF 61.26, optimistic scenario CHF 89.01. The calculation is refreshed regularly with new filings.
What is the revenue of Luzerner Kantonalbank AG (LUKN)?
Luzerner Kantonalbank AG reported trailing-twelve-month revenue of about CHF 669M (latest available figure, as of Sep 23, 2026).
Does Luzerner Kantonalbank AG pay a dividend?
Luzerner Kantonalbank AG currently shows a dividend yield of about 2.38% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Luzerner Kantonalbank AG (LUKN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Luzerner Kantonalbank AG it is CHF 66.76 per share (as of Sep 23, 2026), against a price of CHF 118.60. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Luzerner Kantonalbank AG stock overvalued or undervalued in 2026?
As of Sep 23, 2026, LUKN trades above its calculated fair value: price CHF 118.60, fair value CHF 66.76, a gap of about −44% (overvalued). 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 LUKN?
No. The price is what the market pays today (CHF 118.60); the fair value is what the company's own numbers justify (CHF 66.76). For Luzerner Kantonalbank AG the two are CHF 51.84 per share apart. That gap is exactly why we show both numbers side by side.
How much is Luzerner Kantonalbank AG worth?
The market values Luzerner Kantonalbank AG at about CHF 5.9B (market capitalisation, as of Sep 23, 2026). Per share that is CHF 118.60; our models calculate a fair value of CHF 66.76 per share.
What do the bullish and bearish scenarios say about LUKN?
Our models span a range for Luzerner Kantonalbank AG: cautious scenario CHF 61.26, base CHF 66.76, optimistic CHF 89.01 per share (as of Sep 23, 2026, price CHF 118.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LUKN?
Luzerner Kantonalbank AG trades at a price-to-earnings ratio of 19.6 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 66.76 is built from several models across several years. Other multiples: P/B 2.0, P/S 10.7, EV/EBITDA 52.7.
How solid is the balance sheet of Luzerner Kantonalbank AG (LUKN)?
Balance-sheet figures for Luzerner Kantonalbank AG (as of Sep 23, 2026): return on equity 7.1%, debt of 5.19 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is LUKN from its 52-week high?
Luzerner Kantonalbank AG trades at CHF 118.60, about 1% below its 52-week high of CHF 120.40 and 56% above the low of CHF 76.23 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 66.76 is for.
Which stocks are comparable to Luzerner Kantonalbank AG?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, 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 Luzerner Kantonalbank AG stock attractive at the current price?
The data as of Sep 23, 2026: price CHF 118.60, calculated fair value CHF 66.76 (−44%), Quality Score 42/100, 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 LUKN calculated?
We run Luzerner Kantonalbank AG 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 CHF 66.76, 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 14.1 % above its aggregate fair value. Luzerner Kantonalbank AG 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 Luzerner Kantonalbank AG (LUKN)?
The closing price on Sep 23, 2026 was CHF 118.60. Our model-based fair value is CHF 66.76, about −44% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Luzerner Kantonalbank AG right now?
The price sits above even our optimistic bull case (CHF 89.01). 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.
Where does the earnings growth of Luzerner Kantonalbank AG (LUKN) come from?
Earnings per share at Luzerner Kantonalbank AG grew +3.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.7 %, EBIT margin −2.4 %, tax rate +0.2 %, residual (interest, one-offs) +0.0 %. 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 Luzerner Kantonalbank AG

How large is the market capitalisation of Luzerner Kantonalbank AG (LUKN)?
The market capitalisation of Luzerner Kantonalbank AG is CHF 5.9B. 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 Luzerner Kantonalbank AG (LUKN)?
The price-to-sales ratio of Luzerner Kantonalbank AG is 5.66 (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 Luzerner Kantonalbank AG (LUKN)?
Earnings per share at Luzerner Kantonalbank AG are CHF 6.04 (price ÷ EPS = P/E 19.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Luzerner Kantonalbank AG (LUKN)?
The dividend yield of Luzerner Kantonalbank AG is 2.4% (payout 46.8%). 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 Luzerner Kantonalbank AG (LUKN)?
The net margin of Luzerner Kantonalbank AG is 28.8% (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 Luzerner Kantonalbank AG (LUKN)?
The return on equity (ROE) of Luzerner Kantonalbank AG is 7.1% (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 Luzerner Kantonalbank AG (LUKN)?
On an EBIT basis the return on assets of Luzerner Kantonalbank AG is 0.5% (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 Luzerner Kantonalbank AG (LUKN)?
The operating margin of Luzerner Kantonalbank AG is 51.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Luzerner Kantonalbank AG (LUKN)?
Revenue at Luzerner Kantonalbank AG is growing +4.9% versus a year earlier (3y avg +10.2%). 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 Luzerner Kantonalbank AG (LUKN)?
Earnings per share at Luzerner Kantonalbank AG are growing +1.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Luzerner Kantonalbank AG (LUKN) generate?
The free cash flow of Luzerner Kantonalbank AG is −CHF 423M (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 Luzerner Kantonalbank AG (LUKN) carry?
The net debt of Luzerner Kantonalbank AG is CHF 26.5B (fiscal year 2025). 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 Luzerner Kantonalbank AG in the live analysis

One click puts Luzerner Kantonalbank AG on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

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