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Data-driven stock valuation

OTP Bank Nyrt (OTP) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of OTP Bank Nyrt stock HUF 35,097, price HUF 42,500, that is 17.4% below the price, quality 56 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services HU · ISIN HU0000061726

OB OTP Bank Nyrt logo Broad data Nov 6, 2026

OTP Bank Nyrt

OTP · BUD
Solid, but expensive

Our calculation puts a fair price 17% below what the stock costs today.

Highly profitable · 37.2% net margin (TTM)
2.7% dividend yield · Low payout
Ranks above peers (9/13)
Broad data
Costs just 9.8 times its yearly profit.
Quality 56/100
Expensive Growth (revenue 5y +20.6 %/yr in HUF)
Wide moat 74/100 · thin data
Changed on Oct 28: HUF 43,790 → HUF 35,097
Fair value 35,097 HUF · Overvalued

Risks from the AI analysis

🚩Repeated regulatory fines for AML and payments🚩Neobanks such as Revolut gaining Hungarian customers
Watch OTP Bank Nyrt for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

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

Price vs Fair Value

47,250 HUF 6,949 HUF Fair Value 35,097 HUF Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range 6,949 HUF – 47,250 HUF · fair‑value band 25,840 HUF – 54,738 HUF · the 42,500 HUF price screens above the 35,097 HUF fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

OTP Bank Nyrt., together with its subsidiaries, provides various commercial banking services.

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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.

Stock analysis

OTP Bank Nyrt (OTP) currently trades at 42,500 HUF, while our model-based Fair Value estimate is 35,097 HUF, 17% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 43,790 HUF per share, and 1 of the 6 models we run sit above the 42,500 HUF price.

Bear case: the Asset-Based group reads lowest at 13,844 HUF, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.

Scenario range: 25,840 HUF (bear) to 54,738 HUF (bull), the price of 42,500 HUF 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 56/100 (solid quality), in the Financial Services sector.

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

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.

Key figures

Market cap 10.8T HUF (≈ $32.8B) Large · P/E ratio 9.8 · P/S ratio 3.63 · EPS (TTM) 4,332 HUF · Dividend yield 2.7% · Net margin 37.2% · Return on equity 20.7% · Return on assets (EBIT) 2.6% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 74 out of 100 (low confidence).

What moves the price

The share trades about 10% below its 52-week high and 37% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −17%, OTP screens cheaper than that median.

Fair Value models

Bear 25,840 HUF Fair Value 35,097 HUF Bull 54,738 HUF
Price 42,500 HUF · Downside -17.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2,773 HUF 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. Coverage ⓘCoverage = 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.
Best data coverage
Residual Income 25,840 HUF 35,097 HUF 60,583 HUF 73
Gordon GGM 15,728 HUF 29,186 HUF 41,236 HUF 67
DDM Multi-Stage 15,728 HUF 26,243 HUF 31,077 HUF 67
All 6 models by family
Dividend Discount
Gordon GGM 15,728 HUF 29,186 HUF 41,236 HUF 67
DDM Multi-Stage 15,728 HUF 26,243 HUF 31,077 HUF 67
Multiples
P/E Multiple 43,989 HUF 58,652 HUF 73,316 HUF 63
P/B Multiple 21,696 HUF 28,928 HUF 36,160 HUF 55
Asset-Based
NCAV (Graham) 10,331 HUF 13,844 HUF 20,663 HUF 51
Economic Profit
Residual Income 25,840 HUF 35,097 HUF 60,583 HUF 73

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Quality Score breakdown

Overall quality 56/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 42
How much profit the company makes from its sales and capital
Quality Growth 73
Are margins and returns getting better?
Cashflow 23
Do the profits arrive as real cash?
Financial strength 51
Debt, balance sheet and risk of trouble
Investment 30
Does it invest with discipline instead of growing at any price?
Low Volatility 76
How calm the share price moves, does not count
Price momentum 52
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 71
Distance to the 52-week high, does not count
New shares 97
Buys back shares or issues new ones?

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 1 year
+15.8%
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.
+21.7%
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.
+20.6%
Start year 2020 (pandemic). Over 10 years: +13.6% 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.
+9.7%
What shareholders gained per year (last 5 years), in HUF ⓘ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. Measured in HUF: 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.
+25.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.0%
Dividend (yield on the price)2.7%
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.23.0% vs 24.5%, steady
Pace: the 5-year rate starts in 2020 (pandemic)

OTP screens overvalued: fair value 17% below the price. Compare with China Merchants Bank Co →

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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 · 999 stocks

Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 56 · Above median
Fair Value upside −17.4% · Above median
Profitability
Return on equity (12 months) 20.7% · Top 25%
Return on assets 2.5% · Top 25%
Net margin (12 months) 37.2% · Above median
Operating margin (12 months) 54.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 4.0% · Below median
Dividend yield (12 months) 2.7% · Above median

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 9.8× · Cheaper than median
P/B 1.92× · Priciest 25%
P/S (12 months) 3.63× · Pricier than median
Price / free cash flow (fiscal year) 85.5× · Priciest 25%
EV/EBITDA 2.7× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)10 · sector 9
FUTURE (revenue growth)20 · sector 47
PAST (return on equity)83 · sector 43
HEALTH (low debt)–
DIVIDEND (yield)53 · sector 52

HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.

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 Compare
Postal Savings Bank of China Co 601658 ¥5.63 ¥7.59 +35% vs OTP
China Merchants Bank Co 600036 ¥42.56 ¥52.73 +24% vs OTP
BNP Paribas SA BNP €95.77 €107.43 +12% vs OTP
Intesa Sanpaolo S.p.A ISP €6.30 €4.91 −22% vs OTP
UniCredit S.p.A UCG €84.24 €58.08 −31% vs OTP
Oversea-Chinese Banking Corporation O39 28.82 SGD 18.20 SGD −37% vs OTP
Mizuho Financial Group MFG $10.16 $5.87 −42% vs OTP
DBS Group D05 70.97 SGD 40.39 SGD −43% vs OTP
HDFC Bank Limited HDFCBANK ₹806.60 ₹406.39 −50% vs OTP
ICICI Bank Limited ICICIBANK ₹1,572 ₹615.63 −61% vs OTP

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OTP Bank Nyrt: fair value per Fair Value Calculator

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

Frequently asked questions

Is OTP Bank Nyrt (OTP) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 35,097 HUF versus a price of 42,500 HUF, about 17% lower (overvalued).
What is the fair value of OTP?
Our model-based fair value for OTP Bank Nyrt is 35,097 HUF (as of Nov 6, 2026), built from audited fundamentals. The current price: 42,500 HUF.
What is the quality score of OTP?
OTP Bank Nyrt has a Quality Score of 56/100. 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 OTP Bank Nyrt (OTP)?
Our model-based price target is the fair value of 35,097 HUF (as of Nov 6, 2026) from 6 valuation models. Cautious scenario 25,840 HUF, optimistic scenario 54,738 HUF. It is a calculation from audited fundamentals, not an analyst target.
What is the OTP Bank Nyrt stock forecast for 2026?
Our models put fair value at 35,097 HUF, about 17% lower versus a price of 42,500 HUF (overvalued). Cautious scenario 25,840 HUF, optimistic scenario 54,738 HUF. The calculation is refreshed regularly with new filings.
What is the revenue of OTP Bank Nyrt (OTP)?
OTP Bank Nyrt reported trailing-twelve-month revenue of about 3.0T HUF (latest available figure, as of Nov 6, 2026).
Does OTP Bank Nyrt pay a dividend?
OTP Bank Nyrt currently shows a dividend yield of 2.66% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of OTP Bank Nyrt (OTP) and when is the ex-dividend date?
OTP Bank Nyrt pays a dividend of 1,129 HUF per share a year, a dividend yield of 2.7%. The last ex-dividend date was May 21, 2026. A dividend has been paid every year since 2022. The payout ratio is 26.1% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of OTP Bank Nyrt (OTP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For OTP Bank Nyrt it is 35,097 HUF per share (as of Nov 6, 2026), against a price of 42,500 HUF. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is OTP Bank Nyrt stock overvalued or undervalued in 2026?
As of Nov 6, 2026, OTP trades above its calculated fair value: price 42,500 HUF, fair value 35,097 HUF, a gap of about −17% (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 OTP?
No. The price is what the market pays today (42,500 HUF); the fair value is what the company's own numbers justify (35,097 HUF). For OTP Bank Nyrt the two are 7,403 HUF per share apart. That gap is exactly why we show both numbers side by side.
How much is OTP Bank Nyrt worth?
The market values OTP Bank Nyrt at about 10.8T HUF (market capitalisation, as of Nov 6, 2026). Per share that is 42,500 HUF; our models calculate a fair value of 35,097 HUF per share.
What do the bullish and bearish scenarios say about OTP?
Our models span a range for OTP Bank Nyrt: cautious scenario 25,840 HUF, base 35,097 HUF, optimistic 54,738 HUF per share (as of Nov 6, 2026, price 42,500 HUF). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of OTP?
OTP Bank Nyrt trades at a price-to-earnings ratio of 9.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 35,097 HUF is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 9.4. Other multiples: P/B 1.9, P/S 3.6, EV/EBITDA 2.7.
How solid is the balance sheet of OTP Bank Nyrt (OTP)?
Balance-sheet figures for OTP Bank Nyrt (as of Nov 6, 2026): return on equity 20.7%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is OTP from its 52-week high?
OTP Bank Nyrt trades at 42,500 HUF, about 10% below its 52-week high of 47,250 HUF and 37% above the low of 30,926 HUF (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of 35,097 HUF is for.
Which stocks are comparable to OTP Bank Nyrt?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, 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 OTP Bank Nyrt stock attractive at the current price?
The data as of Nov 6, 2026: price 42,500 HUF, calculated fair value 35,097 HUF (−17%), Quality Score 56/100, 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 OTP calculated?
We run OTP Bank Nyrt through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 35,097 HUF builds on their evidence-weighted average, 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 14.0% above its aggregate fair value. OTP Bank Nyrt 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 OTP Bank Nyrt (OTP)?
The closing price on Nov 11, 2026 was 42,500 HUF. Our model-based fair value is 35,097 HUF, about 17% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with OTP Bank Nyrt right now?
Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (25,840 HUF to 54,738 HUF) leaves room in how you read the outcome. 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 OTP Bank Nyrt (OTP) come from?
Earnings per share at OTP Bank Nyrt grew +14.4 % a year from 2011 to 2022. Broken into its drivers: revenue per share +4.0 %, EBIT margin −4.2 %, tax rate +1.5 %, residual (interest, one-offs) +13.1 %. 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 OTP Bank Nyrt

How large is the market capitalisation of OTP Bank Nyrt (OTP)?
The market capitalisation of OTP Bank Nyrt is 10.8T HUF (≈ $32.8B). 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 OTP Bank Nyrt (OTP)?
The price-to-sales ratio of OTP Bank Nyrt is 3.63 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of OTP Bank Nyrt (OTP)?
Earnings per share at OTP Bank Nyrt are 4,332 HUF (price ÷ EPS = P/E 9.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of OTP Bank Nyrt (OTP)?
The dividend yield of OTP Bank Nyrt is 2.7% (payout 26.1%). 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 OTP Bank Nyrt (OTP)?
The net margin of OTP Bank Nyrt is 37.2% (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 OTP Bank Nyrt (OTP)?
The return on equity (ROE) of OTP Bank Nyrt is 20.7% (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 OTP Bank Nyrt (OTP)?
On an EBIT basis the return on assets of OTP Bank Nyrt is 2.6% (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 OTP Bank Nyrt (OTP)?
The operating margin of OTP Bank Nyrt is 54.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at OTP Bank Nyrt (OTP)?
Revenue at OTP Bank Nyrt is growing +4.0% versus a year earlier (3y avg +21.7%). 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 OTP Bank Nyrt (OTP)?
Earnings per share at OTP Bank Nyrt are growing −6.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does OTP Bank Nyrt (OTP) generate?
The free cash flow of OTP Bank Nyrt is 126B HUF (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does OTP Bank Nyrt (OTP) hold?
OTP Bank Nyrt holds more cash than debt, 4.3T HUF net (fiscal year 2022). The company holds more cash than debt, a safety cushion.
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