St Galler Kantonalbank AG (SGKN) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of St Galler Kantonalbank AG CHF 464, price CHF 691, upside -32.8%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range CHF 354.15 – CHF 691.00 · fair‑value band CHF 426.92 – CHF 521.27 · the CHF 691.00 price screens above the CHF 464.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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St. Galler Kantonalbank AG, a cantonal bank, provides banking products and services to the local population, and small and middle-sized companies in Switzerland.
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St. Galler Kantonalbank AG, a cantonal bank, provides banking products and services to the local population, and small and middle-sized companies in Switzerland. It offers asset management products, including investment packages and structured products; equities, derivatives, bonds, in-house and third-party funds, and customized structured products; services, such as mortgages, Lombard loans, sureties, guarantees, etc.; and financial planning services comprising succession planning, inheritance advice, retirement planning, and wealth tax advisory services, as well as inheritance advice, payment transaction, and e-banking services. The company was formerly known as St. Gallische Kantonalbank and changed its name to St. Galler Kantonalbank AG in 2000. St. Galler Kantonalbank AG was founded in 1868 and is based in Sankt Gallen, Switzerland.
Stock analysis
St Galler Kantonalbank AG (SGKN) currently trades at CHF 691.00, while our model-based Fair Value estimate is CHF 464.41, implying the stock looks roughly 48.8% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of CHF 493.35 per share, and 0 of the 6 models we run sit above the CHF 691.00 price.
Bear case: the Dividend Discount group reads lowest at CHF 145.60, and 6 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: CHF 426.92 (bear) to CHF 521.27 (bull), the price of CHF 691.00 sits above 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 42/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
St Galler Kantonalbank AG reported revenue of CHF 836M in FY2025 versus CHF 496M in FY2021, a compound +13.9%/yr. Reported net income was CHF 227M in FY2025, compounding +5.8%/yr from FY2021.
Key figures
Market cap CHF 4.1B · P/E ratio 18.2 · P/S ratio 4.95 · EPS (TTM) CHF 37.92 · Dividend yield 2.9% · Net margin 27.2% · Return on equity 7.4% · Return on assets (EBIT) 0.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 44% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −33%, SGKN screens cheaper than that median.
Fair Value models
Bear CHF 426.92Fair Value CHF 464.41Bull CHF 521.27
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (CHF 13.11 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.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.
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.60/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+49.0%
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.
+19.4%
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.
+12.4%
Start year 2020 (pandemic). Over 10 years: +6.5% a year
Revenue growth 21 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.
+0.6%
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What shareholders gained per year (last 5 years) ⓘ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.
+8.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.0%
Dividend (yield on the price)2.9%
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.6% vs 4%, steady
Profit margin 2020 to 2025 ⓘ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.41% → 32%
Compare St Galler Kantonalbank AG 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 · 1074 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−33% · Below median
Profitability
Return on equity (TTM)7% · Below median
Return on assets0% · Bottom 25%
Net margin (TTM)38% · Top 25%
Operating margin (TTM)45% · Above median
Growth and dividend
Revenue growth5% · Below median
Dividend yield (TTM)2.9% · Above median
Balance sheet
Debt / equity3.06× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)18.2× · Priciest 25%
P/B1.61× · Priciest 25%
P/S (TTM)8.50× · Priciest 25%
EV/EBITDA17.3× · Priciest 25%
PEG1.94× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)26· sector 45
PAST (return on equity)30· sector 41
HEALTH (low debt)0· sector 85
DIVIDEND (yield)58· sector 53
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "St Galler Kantonalbank AG Fair Value". https://www.fairvalue-calculator.com/stock/SGKN
Frequently asked questions
Is St Galler Kantonalbank AG (SGKN) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of CHF 464.41 versus a price of CHF 691.00, about −33% upside (overvalued).
What is the fair value of SGKN?
Our model-based fair value for St Galler Kantonalbank AG is CHF 464.41 (as of Sep 23, 2026), built from audited fundamentals. The current price: CHF 691.00.
What is the quality score of SGKN?
St Galler Kantonalbank AG has a Quality Score of 42/100. 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 St Galler Kantonalbank AG (SGKN)?
Our model-based price target is the fair value of CHF 464.41 (as of Sep 23, 2026) from 6 valuation models. Cautious scenario CHF 426.92, optimistic scenario CHF 521.27. It is a calculation from audited fundamentals, not an analyst target.
What is the St Galler Kantonalbank AG stock forecast for 2026?
Our models put fair value at CHF 464.41, about −33% upside versus a price of CHF 691.00 (overvalued). Cautious scenario CHF 426.92, optimistic scenario CHF 521.27. The calculation is refreshed regularly with new filings.
What is the revenue of St Galler Kantonalbank AG (SGKN)?
St Galler Kantonalbank AG reported trailing-twelve-month revenue of about CHF 590M (latest available figure, as of Sep 23, 2026).
Does St Galler Kantonalbank AG pay a dividend?
St Galler Kantonalbank AG currently shows a dividend yield of about 2.89% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of St Galler Kantonalbank AG (SGKN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For St Galler Kantonalbank AG it is CHF 464.41 per share (as of Sep 23, 2026), against a price of CHF 691.00. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is St Galler Kantonalbank AG stock overvalued or undervalued in 2026?
As of Sep 23, 2026, SGKN trades above its calculated fair value: price CHF 691.00, fair value CHF 464.41, a gap of about −33% (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 SGKN?
No. The price is what the market pays today (CHF 691.00); the fair value is what the company's own numbers justify (CHF 464.41). For St Galler Kantonalbank AG the two are CHF 226.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is St Galler Kantonalbank AG worth?
The market values St Galler Kantonalbank AG at about CHF 4.1B (market capitalisation, as of Sep 23, 2026). Per share that is CHF 691.00; our models calculate a fair value of CHF 464.41 per share.
What do the bullish and bearish scenarios say about SGKN?
Our models span a range for St Galler Kantonalbank AG: cautious scenario CHF 426.92, base CHF 464.41, optimistic CHF 521.27 per share (as of Sep 23, 2026, price CHF 691.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SGKN?
St Galler Kantonalbank AG trades at a price-to-earnings ratio of 18.2 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 464.41 is built from several models across several years. Other multiples: PEG 1.9, P/B 1.6, P/S 8.5, EV/EBITDA 17.3.
What is the PEG ratio of SGKN?
The PEG ratio of St Galler Kantonalbank AG is 1.94 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of St Galler Kantonalbank AG (SGKN)?
Balance-sheet figures for St Galler Kantonalbank AG (as of Sep 23, 2026): return on equity 7.4%, debt of 3.06 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is SGKN from its 52-week high?
St Galler Kantonalbank AG trades at CHF 691.00, at its 52-week high of CHF 691.00 and 44% above the low of CHF 481.32 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 464.41 is for.
Which stocks are comparable to St Galler Kantonalbank AG?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, 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 St Galler Kantonalbank AG stock attractive at the current price?
The data as of Sep 23, 2026: price CHF 691.00, calculated fair value CHF 464.41 (−33%), Quality Score 42/100, 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 SGKN calculated?
We run St Galler Kantonalbank AG 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 CHF 464.41, 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 14.1 % above its aggregate fair value. St Galler Kantonalbank AG 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 St Galler Kantonalbank AG (SGKN)?
The closing price on Sep 23, 2026 was CHF 691.00. Our model-based fair value is CHF 464.41, about −33% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with St Galler Kantonalbank AG right now?
The price sits above even our optimistic bull case (CHF 521.27). The favourable scenario is already priced in. Weak quality (42/100) 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.
Where does the earnings growth of St Galler Kantonalbank AG (SGKN) come from?
Earnings per share at St Galler Kantonalbank AG grew +4.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.8 %, EBIT margin −6.5 %, tax rate +0.3 %, residual (interest, one-offs) +6.9 %. 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 St Galler Kantonalbank AG
How large is the market capitalisation of St Galler Kantonalbank AG (SGKN)?
The market capitalisation of St Galler Kantonalbank AG is CHF 4.1B. 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 St Galler Kantonalbank AG (SGKN)?
The price-to-sales ratio of St Galler Kantonalbank AG is 4.95 (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 St Galler Kantonalbank AG (SGKN)?
Earnings per share at St Galler Kantonalbank AG are CHF 37.92 (price ÷ EPS = P/E 18.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of St Galler Kantonalbank AG (SGKN)?
The dividend yield of St Galler Kantonalbank AG is 2.9% (payout 52.7%). 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 St Galler Kantonalbank AG (SGKN)?
The net margin of St Galler Kantonalbank AG is 27.2% (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 St Galler Kantonalbank AG (SGKN)?
The return on equity (ROE) of St Galler Kantonalbank AG is 7.4% (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 St Galler Kantonalbank AG (SGKN)?
On an EBIT basis the return on assets of St Galler Kantonalbank AG is 0.6% (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 St Galler Kantonalbank AG (SGKN)?
The operating margin of St Galler Kantonalbank AG is 45.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at St Galler Kantonalbank AG (SGKN)?
Revenue at St Galler Kantonalbank AG is growing +5.1% versus a year earlier (3y avg +19.4%). 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 St Galler Kantonalbank AG (SGKN)?
Earnings per share at St Galler Kantonalbank AG are growing −1.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does St Galler Kantonalbank AG (SGKN) generate?
The free cash flow of St Galler Kantonalbank AG is −CHF 1.2B (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 St Galler Kantonalbank AG (SGKN) hold?
St Galler Kantonalbank AG holds more cash than debt, CHF 394M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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