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Patria Bank SA (PBK) Fair Value & Analysis

Financial Services · RO · Market cap 440M RON

PB Patria Bank SA PBK · RO
Price0.1345 RON
Fair Value0.2690 RON
Upside+100.0%
Quality61/100
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Healthy Growth
Solidly profitable · 19.2% net margin
generates free cash flow
Ranks above peers (7/11)
Moderate moat 60/100
Evidence: High Range 0.2020 RON – 0.3360 RON Share as image

Fair value as of: Aug 2, 2026

From 4 valuation models · updated 8 days ago

Share price −4.3% over the past month.

A solid business, screening 100% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.2020 RON). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) 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.
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Price vs Fair Value (5 years)

0.1470 RON 0.0720 RON Fair Value 0.2690 RON Dec 2020 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range 0.0720 RON – 0.1470 RON · fair‑value band 0.2020 RON – 0.3360 RON · the 0.1345 RON price screens below the 0.2690 RON fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

Full chart & analysis →

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Analysis

Patria Bank SA (PBK) currently trades at 0.1345 RON, while our model-based Fair Value estimate is 0.2690 RON, implying the stock looks roughly 100.0% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Patria Bank SA generated revenue of 265M RON at a net margin of 19.2%. Revenue grew 4.4% year over year. It earns a return on equity of 11.1%. The stock trades on a trailing P/E of 6.8. Fundamentals as of Aug 2, 2026

Our scenario range runs from 0.2020 RON (bear case) to 0.3360 RON (bull case); at 0.1345 RON, the current price sits below 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 about 10% below its 52-week high and 69% 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 100%, PBK screens cheaper 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
P/E Multiple 0.2400 RON 0.3200 RON 0.4000 RON 63
Residual Income 0.1300 RON 0.1400 RON 0.1800 RON 61
P/B Multiple 0.2000 RON 0.2700 RON 0.3400 RON 55
All 4 models by family
Multiples
P/E Multiple 0.2400 RON 0.3200 RON 0.4000 RON 63
P/B Multiple 0.2000 RON 0.2700 RON 0.3400 RON 55
Asset-Based
NCAV (Graham) 0.0700 RON 0.1000 RON 0.1500 RON 50
Economic Profit
Residual Income 0.1300 RON 0.1400 RON 0.1800 RON 61

Widest divergence: Multiples (0.2700 RON) versus Asset-Based (0.1000 RON). Highest evidence: P/E Multiple (63).

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Key figures & financial health

Revenue (TTM) 265M RON
Revenue growth (YoY) +4.4%
Net margin 19.2%
Return on equity 11.1%
Free cash flow 43.5M RON FY2024
P/E ratio 6.8
More key figures
Operating margin 21.8%
EPS (TTM) 0.0200 RON
EPS growth (YoY) -3.9%

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 58 · Market factors (momentum, volatility) 78

Profitability 37
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 90
Distance to the 52-week high (market factor)
Net Issuance 90
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

Patria Bank SA, a credit institution, provides banking and other financial services to individual, small and medium enterprises, agribusinesses, and corporate customers in Romania. The company operates through: Retail, SME and Corporate; Agro; and Micro-enterprises segment.

Full company description

Patria Bank SA, a credit institution, provides banking and other financial services to individual, small and medium enterprises, agribusinesses, and corporate customers in Romania. The company operates through: Retail, SME and Corporate; Agro; and Micro-enterprises segment. The company offers saving, demand, term, collateral, current, and sight deposits; working capital and VAT financing credit line, investment loans, company development, SME loans, umbrella, general expense, bridge loans, medium term financing, bank guarantees, factoring, and letters of credit; and personal loans, home mortgage loans, refinancing investment loans, real estate mortgages, and overdrafts, as well as debit and credit cards. It offers deposit and current accounts, domestic and international payments, foreign exchange transactions, working capital loans, medium term lending, bank guarantees, and letters of credit. The company was formerly known as Nextebank SA and changed its name to Patria Bank SA in 2016. Patria Bank SA was founded in 1993 and is headquartered in Bucharest, Romania. Patria Bank SA operates as a subsidiary of EEAF Financial Services B.V.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Patria Bank SA reported revenue of 277M RON in FY2025 versus 177M RON in FY2021, a compound +11.9%/yr. Reported net income was 51.4M RON in FY2025, compounding +51.0%/yr from FY2021.

Growth Quality 88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
277M RON
Latest YoY
+15.1%
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.
+9.9%
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.
+10.8%
Revenue +11.9%/yr
FY21 177M RON
FY22 209M RON
FY23 217M RON
FY24 241M RON
FY25 277M RON
Net income +51.0%/yr
FY21 9.9M RON
FY22 19.2M RON
FY23 25.5M RON
FY24 38.2M RON
FY25 51.4M RON

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Cite: Fair Value Calculator (2026). "Patria Bank SA Fair Value". https://www.fairvalue-calculator.com/stock/PBK

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.

Quality Score 61 · Top 25%
Fair Value upside +101% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets 1% · Below median
Net margin (TTM) 19% · Bottom 25%
Operating margin (TTM) 22% · Bottom 25%
Revenue growth 4% · Below median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 6.8× · Cheaper than 75% of peers
P/B 0.20× · Cheaper than 75% of peers
P/S (TTM) 0.37× · Cheaper than 75% of peers
P/FCF 2.2× · Cheaper than median

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 100 · sector 39
FUTURE 22 · sector 44
PAST 44 · sector 41
HEALTH 0 · sector 85
DIVIDEND 0 · sector 49

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 2, 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

Is Patria Bank SA (PBK) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of 0.2690 RON versus a price of 0.1345 RON, about +100% (undervalued).
What is the fair value of PBK?
Our model-based fair value for Patria Bank SA is 0.2690 RON (as of Aug 2, 2026), built from audited fundamentals. The current price is 0.1345 RON.
What is the quality score of PBK?
Patria Bank SA has a Quality Score of 61/100. 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 Patria Bank SA (PBK)?
Patria Bank SA reported trailing-twelve-month revenue of about 265M RON (latest available figure, as of Aug 2, 2026).
What is the net profit margin of PBK?
The net profit margin of Patria Bank SA is about 19.2%, meaning it keeps roughly 19.2% of revenue as net income. Based on the latest reported figures.

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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