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OTP Bank Nyrt., (OTP) Fair Value & Analysis

Financial Services · HU · Market cap 11.6T HUF

OB OTP Bank Nyrt., OTP · BUD
Price46,340 HUF
Fair Value14,483 HUF
Upside-68.8%
Quality51/100
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Expensive Growth
Highly profitable · 38.4% net margin
generates free cash flow
2.31% dividend yield
Ranks above peers (8/13)
Wide moat 73/100
Evidence: High Range 10,863 HUF – 18,104 HUF Share as image

Fair value as of: Aug 13, 2026

From 4 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 157.71 HUF to 14,483 HUF (+9,083.6%) since Aug 7, 2026. Share price +1.4% over the past month.

A solid business, but screening 69% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (18,104 HUF). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

47,250 HUF 6,949 HUF Fair Value 14,483 HUF May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 6,949 HUF – 47,250 HUF · fair‑value band 10,863 HUF – 18,104 HUF · the 46,340 HUF price screens above the 14,483 HUF fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

OTP Bank Nyrt., (OTP) currently trades at 46,340 HUF, while our model-based Fair Value estimate is 14,483 HUF, implying the stock looks roughly 68.8% overvalued today. The Quality Score stands at 51/100 (solid 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, OTP Bank Nyrt., generated revenue of 2.9T HUF at a net margin of 38.4%. Revenue grew 11.4% year over year. It earns a return on equity of 20.6%. The balance sheet holds a net cash position of 4.3T HUF. Fundamentals as of Aug 13, 2026

Our scenario range runs from 10,863 HUF (bear case) to 18,104 HUF (bull case); at 46,340 HUF, 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 90% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 47% fair-value upside, at -69%, OTP 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.

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. Evidence
Highest evidence
Residual Income 30,835 HUF 40,922 HUF 182,041 HUF 76
P/E Multiple 43,809 HUF 58,412 HUF 73,015 HUF 63
P/B Multiple 23,203 HUF 30,937 HUF 38,671 HUF 55
All 4 models by family
Multiples
P/E Multiple 43,809 HUF 58,412 HUF 73,015 HUF 63
P/B Multiple 23,203 HUF 30,937 HUF 38,671 HUF 55
Asset-Based
NCAV (Graham) 11,049 HUF 14,806 HUF 22,098 HUF 50
Economic Profit
Residual Income 30,835 HUF 40,922 HUF 182,041 HUF 76

Widest divergence: Economic Profit (40,922 HUF) versus Asset-Based (14,806 HUF). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 2.9T HUF
Revenue growth (YoY) +11.4%
Net margin 38.4%
Return on equity 20.6%
Free cash flow 126B HUF FY2025
P/E ratio 10.5
More key figures
Operating margin 29.7%
EPS (TTM) 4,406 HUF
Dividend yield 2.7%
EPS growth (YoY) -4.0%
Net cash 4.3T HUF FY2022

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 82

Profitability 42
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 98
Distance to the 52-week high (market factor)
Net Issuance 97
Buybacks instead of dilution

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

OTP Bank Nyrt., together with its subsidiaries, provides various commercial banking services. The company offers retail banking services, including account management comprising forint account packages, inheritance administration, and foreign currency accounts; debit cards; internet and mobile banking; direkt telephone banking services; and deposits and …

Full company description

OTP Bank Nyrt., together with its subsidiaries, provides various commercial banking services. The company offers retail banking services, including account management comprising forint account packages, inheritance administration, and foreign currency accounts; debit cards; internet and mobile banking; direkt telephone banking services; and deposits and securities accounts. It also provides corporate banking services, such as account opening, authenticated electronic bank account statements, cash management solutions, business cards, HUF and foreign currency loans, bank guarantees, special agricultural loans, factoring, European union grants, leasing, specialized lending/project financing, syndicated lending and international financing, and forfaiting and buyer's credits; securities account, stock exchange transaction orders, investment fund shares, and government securities; and global markets services, capital market solutions, private banking, and global securities services. In addition, the company is involved in refinancing activities; mortgage lending; real estate management and development; finance and real estate lease; housing savings and loans; fund management; and fund services. The company operates through a network of branches in Hungary, Bulgaria, Serbia, Croatia, Russia, Ukraine, Albania, Montenegro, Moldova, Slovenia, and Uzbekistan, as well as provides other services in the Netherlands and Malta. OTP Bank Nyrt. was founded in 1949 and is based in Budapest, Hungary.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

OTP Bank Nyrt., reported revenue of 3.1T HUF in FY2025 versus 1.4T HUF in FY2021, a compound +22.5%/yr. Reported net income was 1.1T HUF in FY2025, compounding +25.8%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.1T HUF
Latest YoY
+15.8%
Avg. growth/yr (3Y) 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.
+21.7%
Avg. growth/yr (5Y) 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.
+20.6%
Avg. growth/yr (20Y) 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.
+9.7%
Revenue +22.5%/yr
FY21 1.4T HUF
FY22 1.7T HUF
FY23 2.3T HUF
FY24 2.7T HUF
FY25 3.1T HUF
Net income +25.8%/yr
FY21 456B HUF
FY22 346B HUF
FY23 989B HUF
FY24 1.1T HUF
FY25 1.1T HUF
Character of growth · EPS growth decomposed (2011-2022) +14.4 % p.a.
Revenue per share +4.0 pp

of which total revenue +5.9 pp · buybacks/dilution −1.9 pp

EBIT margin −4.2 pp
Tax rate +1.5 pp
Residual (interest, one-offs) +13.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

OTP screens 69% overvalued. Compare with PT Bank Central Asia Tbk →

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Cite: Fair Value Calculator (2026). "OTP Bank Nyrt., Fair Value". https://www.fairvalue-calculator.com/stock/OTP

Peer Group

Banks - Regional · 1086 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.

Quality Score 54 · Above median
Fair Value upside −69% · Bottom 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 2% · Top 25%
Net margin (TTM) 38% · Top 25%
Operating margin (TTM) 30% · Below median
Revenue growth 11% · Above median
Dividend yield (TTM) 2.3% · Below median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 10.5× · Cheaper than median
P/B 2.07× · Pricier than 75% of peers
P/S (TTM) 3.95× · Pricier than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 3.3× · Cheaper than 75% of peers

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 · sector 33
FUTURE 57 · sector 44
PAST 82 · sector 41
HEALTH 0 · sector 85
DIVIDEND 46 · sector 49

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

Insider activity: 40/100

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

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,350 IDR 4,637 IDR -27%
KB Financial Group 105560 168,100 KRW 220,258 KRW +31%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 3,110 IDR 3,792 IDR +22%
PT Bank Mandiri (Persero) Tbk BMRI 4,130 IDR 6,067 IDR +47%
Banco Bradesco S.A BBD 5,120 ARS 8,400 ARS +64%
Shinhan Financial Group 055550 103,800 KRW 146,032 KRW +41%
Hana Financial Group 086790 127,900 KRW 210,506 KRW +65%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,500 VND 45,959 VND -23%
Woori Financial Group 316140 33,000 KRW 60,758 KRW +84%

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Frequently asked questions

Is OTP Bank Nyrt., (OTP) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 14,483 HUF versus a price of 46,340 HUF, about −69% (overvalued).
What is the fair value of OTP?
Our model-based fair value for OTP Bank Nyrt., is 14,483 HUF (as of Aug 13, 2026), built from audited fundamentals. The current price is 46,340 HUF.
What is the quality score of OTP?
OTP Bank Nyrt., has a Quality Score of 51/100. 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 revenue of OTP Bank Nyrt., (OTP)?
OTP Bank Nyrt., reported trailing-twelve-month revenue of about 2.9T HUF (latest available figure, as of Aug 13, 2026).
What is the net profit margin of OTP?
The net profit margin of OTP Bank Nyrt., is about 38.4%, meaning it keeps roughly 38.4% of revenue as net income. Based on the latest reported figures.
Does OTP Bank Nyrt., pay a dividend?
OTP Bank Nyrt., currently shows a dividend yield of about 2.65% relative to its recent price (as of Aug 13, 2026).

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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