Sekerbank TAS (SKBNK) fair value: what the stock is really worth
We calculate from audited financials what Sekerbank TAS is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 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 13, 2026.
How to read this chart
60‑month range 0.7012 TRY – 19.63 TRY · fair‑value band 6.73 TRY – 12.47 TRY · the 6.48 TRY price screens below the 7.66 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 13, 2026.
Sekerbank T.A.S. provides agricultural, business, SME, corporate, and retail banking services in Turkey and internationally. It operates through Corporate/Commercial, SME, Retail, Treasury/Investment, and Other segments.
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Sekerbank T.A.S. provides agricultural, business, SME, corporate, and retail banking services in Turkey and internationally. It operates through Corporate/Commercial, SME, Retail, Treasury/Investment, and Other segments. The company offers personal loans, ECOcredit, vehicle and home loans, and completing accounts; and credit and individual bank cards, and cash advance. It also provides deposit products, including term and demand deposits; investment products, such as investment accounts, FX trading platforms, repo transactions, treasury bill/government bonds, Eurobonds, gold transactions, stocks, private sector debt instruments, foreign stock exchanges, investment funds, derivative products, and electronic product certificates; gold deposit products; retirement and private banking; home, business, vehicle, health and personal accident, liability, cargo, engineering, agricultural, credit and refundable life, and other insurance products; and card and diamond card campaigns. In addition, the company offers agricultural business and investment loans, as well as family farming; TMO and harvest cards; Harvest POS; small business, enterprise, and SME loans; member merchant/POS; and cash management services. In addition, the company offers financial inclusion and women's banking; corporate loans, including cash and non-cash loans, project financing, financing production, and e-invoice financing; foreign trade and financing; business, commercial debit, visa business, and bonus business cards; and sectoral support and collaboration products. Further, it provides digital banking services, including internet, mobile, open, ATM, and telephone banking; money transfer; digital POS slips; and buying and selling transactions, brokerage, custody, and consultancy services. The company was formerly known as Pancar Kooperatifleri Bankasi A.S. and changed its name to Sekerbank T.A.S. in 1956. Sekerbank T.A.S. was incorporated in 1953 and is headquartered in Istanbul, Turkey.
Stock analysis
Sekerbank TAS (SKBNK) currently trades at 6.48 TRY, while our model-based Fair Value estimate is 7.66 TRY, implying the stock looks roughly 15.4% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 10.84 TRY per share, and 3 of the 4 models we run sit above the 6.48 TRY price.
Bear case: the Asset-Based group reads lowest at 5.19 TRY, and 1 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: 6.73 TRY (bear) to 12.47 TRY (bull), the price of 6.48 TRY sits below 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 38/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Sekerbank TAS reported revenue of 16.2B TRL in FY2025 versus 2.6B TRL in FY2021, a compound +57.3%/yr. Reported net income was 2.7B TRL in FY2025, compounding +59.7%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 16.2B TRY (≈ $334M) · P/E ratio 5.6 · P/S ratio 0.94 · EPS (TTM) 1.15 TRY · Net margin 16.7% · Return on equity 14.1% · Return on assets (EBIT) −0.3% · Operating margin 14.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 68% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −33% fair-value upside, at 18%, SKBNK screens cheaper than that median.
Fair Value models
Bear 6.73 TRYFair Value 7.66 TRYBull 12.47 TRY
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 8 months old). Earnings retained since then (0.8097 TRY 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+34.6%
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.
+35.0%
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.
+51.1%
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.
−37.0%
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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.
+45.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+45.9%
Dividend (yield on the price)0.0%
Profit margin 2014 to 2019 ⓘ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.57% → −66%
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 · 1077 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score44 · Bottom 25%
Fair Value upside+96% · Top 25%
Profitability
Return on equity (TTM)14% · Top 25%
Return on assets1% · Top 25%
Net margin (TTM)16% · Bottom 25%
Operating margin (TTM)15% · Bottom 25%
Growth and dividend
Revenue growth43% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.14× · Below median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Sekerbank TAS Fair Value". https://www.fairvalue-calculator.com/stock/SKBNK
Frequently asked questions
Is Sekerbank TAS (SKBNK) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 7.66 TRY versus a price of 6.48 TRY, about +18% upside (undervalued).
What is the fair value of SKBNK?
Our model-based fair value for Sekerbank TAS is 7.66 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 6.48 TRY.
What is the quality score of SKBNK?
Sekerbank TAS has a Quality Score of 38/100. 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 Sekerbank TAS (SKBNK)?
Our model-based price target is the fair value of 7.66 TRY (as of Sep 13, 2026) from 4 valuation models. Cautious scenario 6.73 TRY, optimistic scenario 12.47 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Sekerbank TAS stock forecast for 2026?
Our models put fair value at 7.66 TRY, about +18% upside versus a price of 6.48 TRY (undervalued). Cautious scenario 6.73 TRY, optimistic scenario 12.47 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Sekerbank TAS (SKBNK)?
Sekerbank TAS reported trailing-twelve-month revenue of about 17.0B TRY (latest available figure, as of Sep 13, 2026).
What is the intrinsic value of Sekerbank TAS (SKBNK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sekerbank TAS it is 7.66 TRY per share (as of Sep 13, 2026), against a price of 6.48 TRY. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Sekerbank TAS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, SKBNK trades below its calculated fair value: price 6.48 TRY, fair value 7.66 TRY, a gap of about +18% (undervalued). 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 SKBNK?
No. The price is what the market pays today (6.48 TRY); the fair value is what the company's own numbers justify (7.66 TRY). For Sekerbank TAS the two are 1.18 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Sekerbank TAS worth?
The market values Sekerbank TAS at about 16.2B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 6.48 TRY; our models calculate a fair value of 7.66 TRY per share.
What do the bullish and bearish scenarios say about SKBNK?
Our models span a range for Sekerbank TAS: cautious scenario 6.73 TRY, base 7.66 TRY, optimistic 12.47 TRY per share (as of Sep 13, 2026, price 6.48 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SKBNK?
Sekerbank TAS trades at a price-to-earnings ratio of 5.6 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 7.66 TRY is built from several models across several years. Other multiples: PEG 7.8, P/B 0.9, P/S 1.0.
What is the PEG ratio of SKBNK?
The PEG ratio of Sekerbank TAS is 7.76 (P/E divided by earnings growth, as of Sep 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Sekerbank TAS (SKBNK)?
Balance-sheet figures for Sekerbank TAS (as of Sep 13, 2026): return on equity 14.1%, debt of 0.14 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is SKBNK from its 52-week high?
Sekerbank TAS trades at 6.48 TRY, about 68% below its 52-week high of 20.00 TRY and 14% above the low of 5.68 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 7.66 TRY is for.
Which stocks are comparable to Sekerbank TAS?
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 Sekerbank TAS stock attractive at the current price?
The data as of Sep 13, 2026: price 6.48 TRY, calculated fair value 7.66 TRY (+18%), Quality Score 38/100, from 4 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 SKBNK calculated?
We run Sekerbank TAS through 4 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 7.66 TRY, 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 15.6 % above its aggregate fair value. Sekerbank TAS currently trades 18 % 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 Sekerbank TAS (SKBNK)?
The closing price on Sep 14, 2026 was 6.48 TRY. Our model-based fair value is 7.66 TRY, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sekerbank TAS right now?
The price is below even our cautious bear case (6.73 TRY). The market is more pessimistic than our downside scenario. A fairly wide model range (6.73 TRY to 12.47 TRY) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Sekerbank TAS
How large is the market capitalisation of Sekerbank TAS (SKBNK)?
The market capitalisation of Sekerbank TAS is 16.2B TRY (≈ $334M). 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 Sekerbank TAS (SKBNK)?
The price-to-sales ratio of Sekerbank TAS is 0.94 (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 Sekerbank TAS (SKBNK)?
Earnings per share at Sekerbank TAS are 1.15 TRY (price ÷ EPS = P/E 5.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sekerbank TAS (SKBNK)?
The net margin of Sekerbank TAS is 16.7% (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 Sekerbank TAS (SKBNK)?
The return on equity (ROE) of Sekerbank TAS is 14.1% (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 Sekerbank TAS (SKBNK)?
On an EBIT basis the return on assets of Sekerbank TAS is −0.3% (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 Sekerbank TAS (SKBNK)?
The operating margin of Sekerbank TAS is 14.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sekerbank TAS (SKBNK)?
Revenue at Sekerbank TAS is growing +43.0% versus a year earlier (3y avg +35.0%). 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 Sekerbank TAS (SKBNK)?
Earnings per share at Sekerbank TAS are growing +4.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sekerbank TAS (SKBNK) generate?
The free cash flow of Sekerbank TAS is −688M TRY (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 Sekerbank TAS (SKBNK) carry?
The net debt of Sekerbank TAS is 88.6M TRY (fiscal year 2019). 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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