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Standard Bank Group (SBGOF) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Standard Bank Group $18.94, price $17.26, upside +9.7%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Financial Services · US · ISIN ZAE000109815

SB Standard Bank Group logo Broad data Oct 3, 2026

Standard Bank Group

SBGOF · US

NeutralThe stock looks roughly fairly valued with average quality.

·Fair value $18.94 · Fairly valued (+9.7%)
✓Quality 60/100
✓Healthy Growth (revenue 5y +27.3 %/yr)
✓Highly profitable · 28.4% net margin (TTM)
✓Low debt · generates free cash flow
✓Wide moat 74/100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

$21.13 $0.5018 Fair Value $18.94 Jul 2015 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.

How to read this chart

60‑month range $0.5018 – $21.13 · fair‑value band $12.92 – $23.68 · the $17.26 price screens below the $18.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.

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Company profile

Standard Bank Group Limited provides financial products and services in South Africa and internationally.

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Standard Bank Group Limited provides financial products and services in South Africa and internationally. It offers a range of onshore and offshore savings and investment; home and personal loans; forex solutions; transactional banking, including digital wallets, cards, payment and transfer platforms; private and digital banking; forex solutions; vehicle and asset finance; credit cards; and insurance solutions. The company also provides transactional banking; business lending; commercial asset finance; merchant, trade, fleet, and business solar solutions; specific solutions for clients in various sectors, such as agriculture, manufacturing, healthcare, and tourism; app and internet banking; international payments and forex; alternative funding options; and business resources and insurance. In addition, it offers advisory, transactional, trading, risk management, and funding solutions; and long and short-term insurance, health insurance, and asset management. Further, the company engages in trust or other fiduciary activities. The company was founded in 1862 and is headquartered in Johannesburg, South Africa.

Stock analysis

Standard Bank Group (SBGOF) currently trades at $17.26, while our model-based Fair Value estimate is $18.94, so the stock looks roughly fairly valued today (gap 8.9%).

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Valuation

Bull case: the Dividend Discount group reads highest at a median of $18.35 per share, and 3 of the 6 models we run sit above the $17.26 price.

Bear case: the Asset-Based group reads lowest at $6.64, and 3 of the 6 models stay below the price. Evidence for this calculation is high.

Scenario range: $12.92 (bear) to $23.68 (bull), the price of $17.26 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 60/100 (solid quality), in the Financial Services sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Standard Bank Group reported revenue of 370B ZAR in FY2025 versus 123B ZAR in FY2021, a compound +31.8%/yr. Reported net income was 50.9B ZAR in FY2025, compounding +18.6%/yr from FY2021.

Key figures

Market cap $30.5B · P/E ratio 9.5 · P/S ratio 1.30 · EPS (TTM) $1.82 · Net margin 13.7% · Return on equity 18.7% · Return on assets (EBIT) 3.8% · Operating margin 43.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).

What moves the price

The share trades about 18% below its 52-week high and 39% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at 10%, SBGOF screens cheaper than that median.

Fair Value models

Bear $12.92 Fair Value $18.94 Bull $23.68
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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. Evidence ⓘEvidence = 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.
Highest evidence
Residual Income $12.04 $15.02 $23.06 75
Gordon GGM $10.47 $21.76 $34.52 66
DDM Multi-Stage $10.47 $18.35 $22.84 66
All 6 models by family
Dividend Discount
Gordon GGM $10.47 $21.76 $34.52 66
DDM Multi-Stage $10.47 $18.35 $22.84 66
Multiples
P/E Multiple $18.36 $24.48 $30.61 63
P/B Multiple $10.41 $13.88 $17.35 55
Asset-Based
NCAV (Graham) $4.96 $6.64 $9.92 54
Economic Profit
Residual Income $12.04 $15.02 $23.06 75

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Quality Score breakdown

Overall quality 60/100

Of which business quality 51 · Market factors (momentum, volatility) 54

Profitability 34
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 14
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 100
Share count: buybacks or dilution?

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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. 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+95.5%
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.
+40.1%
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.
+27.3%
Start year 2020 (pandemic). Over 10 years: +12.4% a year
Revenue growth 23 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.
+13.5%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
31.3% (2019) → 22.2% (2025)

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Earlier news

News mood ⓘNews mood, the average tone of recent news (60 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Negative
Recent news coverage is more negative than average.

Compare Standard Bank Group with another stock

Price, fair value, quality and upside side by side.

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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 · 1053 stocks

Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 58 · Above median
Fair Value upside −1.5% · Above median
Profitability
Return on equity (TTM) 18.7% · Top 25%
Return on assets 1.6% · Top 25%
Net margin (TTM) 28.4% · Below median
Operating margin (TTM) 43.0% · Above median
Growth and dividend
Revenue growth 9.0% · Below median
Dividend yield (TTM) 87.6% · Top 25%
Balance sheet
Debt / equity 0.11× · Lowest 25%

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (TTM) 9.5× · Cheaper than median
P/B 1.82× · Priciest 25%
P/S (TTM) 2.70× · Cheaper than median
P/FCF 0.4× · Cheapest 25%
EV/EBITDA 4.3× · Cheapest 25%

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
DBS Group D05 78.00 SGD 40.39 SGD −48%
China Merchants Bank Co 600036 ¥40.69 ¥52.73 +30%
UniCredit S.p.A UCG €79.53 €77.12 −3%
Mizuho Financial Group MFG $11.05 $6.82 −38%
Intesa Sanpaolo S.p.A ISP €6.38 €4.06 −36%
BNP Paribas SA BNP €91.54 €105.99 +16%
HDFC Bank Limited HDFCBANK ₹721.20 ₹406.44 −44%
Oversea-Chinese Banking Corporation O39 32.01 SGD 19.78 SGD −38%
Al Rajhi Banking and Investment Corporation 1120 63.15 SAR 36.95 SAR −41%
CaixaBank, S.A CABK €12.03 €8.46 −30%

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Standard Bank Group · Fair Value
$18.94 +9%Fair Value
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Cite: Fair Value Calculator (2026). "Standard Bank Group Fair Value". https://www.fairvalue-calculator.com/stock/SBGOF

Frequently asked questions

Is Standard Bank Group (SBGOF) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of $18.94 versus a price of $17.26, about +10% upside (fairly valued).
What is the fair value of SBGOF?
Our model-based fair value for Standard Bank Group is $18.94 (as of Oct 3, 2026), built from audited fundamentals. The current price: $17.26.
What is the quality score of SBGOF?
Standard Bank Group has a Quality Score of 60/100. 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 Standard Bank Group (SBGOF)?
Our model-based price target is the fair value of $18.94 (as of Oct 3, 2026) from 6 valuation models. Cautious scenario $12.92, optimistic scenario $23.68. It is a calculation from audited fundamentals, not an analyst target.
What is the Standard Bank Group stock forecast for 2026?
Our models put fair value at $18.94, about +10% upside versus a price of $17.26 (fairly valued). Cautious scenario $12.92, optimistic scenario $23.68. The calculation is refreshed regularly with new filings.
What is the revenue of Standard Bank Group (SBGOF)?
Standard Bank Group reported trailing-twelve-month revenue of about 180B ZAR (latest available figure, as of Oct 3, 2026).
What is the intrinsic value of Standard Bank Group (SBGOF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Standard Bank Group it is $18.94 per share (as of Oct 3, 2026), against a price of $17.26. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Standard Bank Group stock overvalued or undervalued in 2026?
As of Oct 3, 2026, SBGOF trades below its calculated fair value: price $17.26, fair value $18.94, a gap of about +10% (fairly valued). 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 SBGOF?
No. The price is what the market pays today ($17.26); the fair value is what the company's own numbers justify ($18.94). For Standard Bank Group the two are $1.68 per share apart. That gap is exactly why we show both numbers side by side.
How much is Standard Bank Group worth?
The market values Standard Bank Group at about $30.5B (market capitalisation, as of Oct 3, 2026). Per share that is $17.26; our models calculate a fair value of $18.94 per share.
What do the bullish and bearish scenarios say about SBGOF?
Our models span a range for Standard Bank Group: cautious scenario $12.92, base $18.94, optimistic $23.68 per share (as of Oct 3, 2026, price $17.26). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SBGOF?
Standard Bank Group trades at a price-to-earnings ratio of 9.5 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $18.94 is built from several models across several years. Other multiples: P/B 1.8, P/S 2.7, EV/EBITDA 4.3.
How solid is the balance sheet of Standard Bank Group (SBGOF)?
Balance-sheet figures for Standard Bank Group (as of Oct 3, 2026): return on equity 18.7%, debt of 0.11 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is SBGOF from its 52-week high?
Standard Bank Group trades at $17.26, about 18% below its 52-week high of $21.13 and 39% above the low of $12.45 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $18.94 is for.
Which stocks are comparable to Standard Bank Group?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, 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 Standard Bank Group stock attractive at the current price?
The data as of Oct 3, 2026: price $17.26, calculated fair value $18.94 (+10%), Quality Score 60/100, 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 SBGOF calculated?
We run Standard Bank Group through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $18.94, 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 14.5 % above its aggregate fair value. Standard Bank Group currently trades 9 % below its own fair value, and the market average says nothing about that. 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 Standard Bank Group (SBGOF)?
The closing price on Oct 2, 2026 was $17.26. Our model-based fair value is $18.94, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Standard Bank Group right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($12.92 to $23.68) 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 Standard Bank Group (SBGOF) come from?
Earnings per share at Standard Bank Group grew +13.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.9 %, EBIT margin −0.1 %, tax rate −0.2 %, residual (interest, one-offs) +2.6 %. 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 Standard Bank Group

How large is the market capitalisation of Standard Bank Group (SBGOF)?
The market capitalisation of Standard Bank Group is $30.5B. 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 Standard Bank Group (SBGOF)?
The price-to-sales ratio of Standard Bank Group is 1.30 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Standard Bank Group (SBGOF)?
Earnings per share at Standard Bank Group are $1.82 (price ÷ EPS = P/E 9.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Standard Bank Group (SBGOF)?
The net margin of Standard Bank Group is 13.7% (fiscal year 2025). 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 Standard Bank Group (SBGOF)?
The return on equity (ROE) of Standard Bank Group is 18.7% (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 Standard Bank Group (SBGOF)?
On an EBIT basis the return on assets of Standard Bank Group is 3.8% (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 Standard Bank Group (SBGOF)?
The operating margin of Standard Bank Group is 43.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Standard Bank Group (SBGOF)?
Revenue at Standard Bank Group is growing +9.0% versus a year earlier (3y avg +40.1%). 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 Standard Bank Group (SBGOF)?
Earnings per share at Standard Bank Group are growing +15.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Standard Bank Group (SBGOF) generate?
The free cash flow of Standard Bank Group is 67.8B ZAR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Standard Bank Group (SBGOF) carry?
The net debt of Standard Bank Group is 147B ZAR (fiscal year 2025, ≈ 2.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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