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Raiffeisen Bank International AG (RBI) Fair Value & Analysis

Financial Services · AT · Market cap €18.0B

RB Raiffeisen Bank International AG RBI · VI
Price€62.70
Fair Value€54.28
Upside-13.4%
Quality63/100
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Healthy Growth
Solidly profitable · 12.9% net margin
Low debt · generates free cash flow
2.95% dividend yield
Mixed vs. peers (6/14)
Moderate moat 57/100
Evidence: High Range €40.71 – €67.85 Share as image

Fair value as of: Jul 12, 2026

From 4 valuation models · updated 29 days ago

Share price +17.4% over the past month.

A solid business, but screening 13% overvalued on our models.

What matters now

  • Solid but not exceptional quality (63/100) 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)

€64.20 €8.16 Fair Value €54.28 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range €8.16 – €64.20 · fair‑value band €40.71 – €67.85 · the €62.70 price screens above the €54.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

Raiffeisen Bank International AG (RBI) currently trades at €62.70, while our model-based Fair Value estimate is €54.28, implying the stock looks roughly 13.4% overvalued today. The Quality Score stands at 63/100 (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, Raiffeisen Bank International AG generated revenue of €8.8B at a net margin of 12.9%. Revenue declined 6.3% year over year. It earns a return on equity of 6.1%. The balance sheet holds a net cash position of €26.6B. Fundamentals as of Jul 12, 2026

Our scenario range runs from €40.71 (bear case) to €67.85 (bull case); at €62.70, the current price sits within 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 173% 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 -13%, RBI 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 BearBaseBull Evidence
Highest evidence
Residual Income €51.33 €53.47 €55.76 76
P/E Multiple €40.71 €54.28 €67.85 63
P/B Multiple €53.24 €70.98 €88.73 55
All 4 models by family
Multiples
P/E Multiple €40.71 €54.28 €67.85 63
P/B Multiple €53.24 €70.98 €88.73 55
Asset-Based
NCAV (Graham) €32.10 €43.01 €64.20 50
Economic Profit
Residual Income €51.33 €53.47 €55.76 76

Widest divergence: Multiples (€54.28) versus Asset-Based (€43.01). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) €8.8B
Revenue growth (YoY) -6.3%
Net margin 12.9%
Return on equity 6.1%
Free cash flow €8.5B FY2025
P/E ratio 15.9
More key figures
Operating margin 39.3%
EPS (TTM) €3.10
Dividend yield 3.4%
EPS growth (YoY) -35.2%
Net cash €26.6B FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 69 · Market factors (momentum, volatility) 83

Profitability 26
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 82
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

Raiffeisen Bank International AG, together with its subsidiaries, offers banking services to corporate, retail, and institutional customers.

Full company description

Raiffeisen Bank International AG, together with its subsidiaries, offers banking services to corporate, retail, and institutional customers. The company provides cash management, investment and subsidized financing, eSpeedTrack, financing and sustainable solutions, electronic bank account management, reporting and payment, supply chain financing, payment acceptance, factoring solutions, export and trade finance, factoring, leveraged and acquisition financing, project and structured financing, real estate financing, leasing, digital banking, working capital, investment banking, investing, hedging, and investor services to its institutional clients and corporate customers in agri food and beverage, mobility, construction and building materials, healthcare and pharmaceuticals, infrastructure and logistics, manufacturing, metals and mining, energy, packaging, real estate, retail, technology, telecom, and utilities industries. It also offers corporate, investment, and retail banking services, such as wealth management services to retail customers and small and medium-sized enterprises. In addition, the company provides accounts, clearing, reporting, settlement, domestic banks, and instant payment services; and investment banking services, including asset based finance, fund finance and alternatives investments, loan syndication, mergers and acquisitions advisory, and debt and equity capital markets services. It operates through a network of business outlets in Central, Southeastern, and Eastern Europe, as well as Albania, Bosnia and Herzegovina, Croatia, Kosovo, Romania, Serbia, Russia, Austria, Czech Republic, Hungary, Poland, Slovakia, and Ukraine. Raiffeisen Bank International AG was founded in 1886 and is based in Vienna, Austria.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Raiffeisen Bank International AG reported revenue of €9.1B in FY2025 versus €5.6B in FY2021, a compound +12.9%/yr. Reported net income was €1.4B in FY2025, compounding −0.0%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€9.1B
Latest YoY
+3.0%
Avg. growth/yr (3Y)
−1.6%
Avg. growth/yr (5Y)
+11.8%
Avg. growth/yr (23Y)
+13.1%
Revenue +12.9%/yr
FY21 €5.6B
FY22 €9.6B
FY23 €9.1B
FY24 €8.9B
FY25 €9.1B
Net income −0.0%/yr
FY21 €1.4B
FY22 €3.6B
FY23 €2.3B
FY24 €1.0B
FY25 €1.4B

RBI screens 13% overvalued. Compare with PT Bank Central Asia Tbk →

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Cite: Fair Value Calculator (2026). "Raiffeisen Bank International AG Fair Value". https://www.fairvalue-calculator.com/stock/RBI

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

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 70 · Top 25%
Fair Value upside −13% · Below median
Return on equity (TTM) 6% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) 13% · Bottom 25%
Operating margin (TTM) 39% · Above median
Revenue growth -6% · Bottom 25%
Dividend yield (TTM) 3.0% · Above median
Debt / equity 0.49× · Higher than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 17.5× · Pricier than 75% of peers
P/B 0.98× · Cheaper than median
P/S (TTM) 2.35× · Cheaper than median
P/FCF 2.4× · Cheaper than median
PEG 2.84× · Pricier 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 15 · sector 39
FUTURE 0 · sector 44
PAST 25 · sector 41
HEALTH 76 · sector 85
DIVIDEND 59 · sector 49

Insider activity: 45/100

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 Jul 12, 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 Raiffeisen Bank International AG (RBI) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of €54.28 versus a price of €62.70, about −13% (overvalued).
What is the fair value of RBI?
Our model-based fair value for Raiffeisen Bank International AG is €54.28 (as of Jul 12, 2026), built from audited fundamentals. The current price is €62.70.
What is the quality score of RBI?
Raiffeisen Bank International AG has a Quality Score of 63/100. 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 Raiffeisen Bank International AG (RBI)?
Raiffeisen Bank International AG reported trailing-twelve-month revenue of about €8.8B (latest available figure, as of Jul 12, 2026).
What is the net profit margin of RBI?
The net profit margin of Raiffeisen Bank International AG is about 12.9%, meaning it keeps roughly 12.9% of revenue as net income. Based on the latest reported figures.
Does Raiffeisen Bank International AG pay a dividend?
Raiffeisen Bank International AG currently shows a dividend yield of about 3.37% relative to its recent price (as of Jul 12, 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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