QNB Bank A.S. (QNBTR) Fair Value & Analysis
Financial Services · TR · Market cap 1.1T TRY
Fair value as of: Aug 1, 2026
From 9 valuation models · updated today
Share price −5.9% over the past month.
What matters now
- The price sits above even our optimistic bull case (141.27 TRY). The favourable scenario is already priced in.
- Weak quality (43/100) 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 (12 months)
12‑month range 197.70 TRY – 793.50 TRY · fair‑value band 84.76 TRY – 141.27 TRY · the 207.00 TRY price screens above the 113.02 TRY fair value. As of Aug 1, 2026.
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QNB Bank A.S. (QNBTR) currently trades at 207.00 TRY, while our model-based Fair Value estimate is 113.02 TRY, implying the stock looks roughly 45.4% overvalued today. We read business quality at 43/100 (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: medium).
Over the trailing twelve months, QNB Bank A.S. generated revenue of 132B TRY at a net margin of 39.6%. Revenue grew 24.5% year over year. It earns a return on equity of 33.4%. Net debt stands at 265B TRY. Fundamentals as of Aug 1, 2026
Our scenario range runs from 84.76 TRY (bear case) to 141.27 TRY (bull case); at 207.00 TRY, the current price sits above that range. The share trades about 80% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 31% fair-value upside, at -45%, QNBTR screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 1, 2026. TTM = trailing twelve months.
Quality Score breakdown
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
QNB Bank A.S. provides various banking and financial services in Turkey. It operates through three segments: Retail Banking, Corporate and Commercial Banking, and Treasury and General Directorate.
Full company description
QNB Bank A.S. provides various banking and financial services in Turkey. It operates through three segments: Retail Banking, Corporate and Commercial Banking, and Treasury and General Directorate. The company offers savings, time, and demand deposits; savings, time, accumulating account, and payroll accounts; consumer, auto, home, and mortgage loans, as well as overdraft; investment products, such as bills and bonds, deposit fund packages, derivatives, exchange rates, funds, private portfolio, repo, and stocks; life, workplace, unemployment, auto, home, professional liability, and personal accident insurance products; individual pension products; credit cards; safe deposit boxes; checks; loans; payments; and money transfer services. The company also provides agricultural investment products; support products; cash management, cash loans, guarantee services, merchant, and agricultural banking services; corporate banking, and small and medium-sized enterprise banking services; and foreign trading, cosme programs. The company was formerly known as QNB Finansbank A.S. and changed its name to QNB Bank A.S. in October 2024. QNB Bank A.S. was incorporated in 1987 and is headquartered in Istanbul, Turkey. QNB Bank A.S. is a subsidiary of Qatar National Bank (Q.P.S.C.).
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
QNB Bank A.S. reported revenue of 162B TRY in FY2025 versus 13.8B TRY in FY2021, a compound +85.1%/yr. Reported net income was 47.8B TRY in FY2025, compounding +87.0%/yr from FY2021.
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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.
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 Aug 1, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| PT Bank Central Asia Tbk BBCA | 6,225 IDR | 6,617 IDR | +6% |
| KB Financial Group 105560 | 157,000 KRW | 205,701 KRW | +31% |
| PT Bank Rakyat Indonesia (Persero) Tbk BBRI | 2,590 IDR | 5,180 IDR | +100% |
| PT Bank Mandiri (Persero) Tbk BMRI | 4,260 IDR | 8,520 IDR | +100% |
| Banco Bradesco S.A BBD | 5,120 ARS | 10,240 ARS | +100% |
| Shinhan Financial Group 055550 | 98,200 KRW | 119,210 KRW | +21% |
| Hana Financial Group 086790 | 123,600 KRW | 112,429 KRW | -9% |
| Lloyds Banking Group LYG | 4,138 ARS | 8,275 ARS | +100% |
| Banco de Chile, CHILE | 179.00 CLP | 92.69 CLP | -48% |
| Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB | 61,700 VND | 63,824 VND | +3% |
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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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