Suruga Bank Ltd (SRGBF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Suruga Bank Ltd $16.52, price $15.00, upside +10.1%, quality 54 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 24, 2026.
How to read this chart
30‑month range $5.49 – $15.00 · fair‑value band $12.39 – $20.65 · the $15.00 price screens below the $16.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Suruga Bank Ltd. provides various banking and financial products and services to individuals and corporate customers in Japan.
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Suruga Bank Ltd. provides various banking and financial products and services to individuals and corporate customers in Japan. The company offers deposit products, such as time, non-interest bearing, savings, foreign currency, and other deposits, as well as current and general accounts; property, card, housing, second house, startup, and business up term loans, as well as loans by purpose; credit and debit cards; overdrafts; and other financing products. It also provides investment trust, public bond, pension contribution, insurance, inheritance/trust, lottery, foreign currency, pay-easy, web direct, safe deposit box, external linkage, remittance service, fund management, e-combination, payment, nursing care/medical care/dispensing compensation receivable factoring, mortgage, and internet and telephone banking services. In addition, the company offers money lending, guarantee, printing, leasing, and agency services, as well as advisory and consulting services. Suruga Bank Ltd. company was incorporated in 1895 and is headquartered in Numazu, Japan.
Stock analysis
Suruga Bank Ltd (SRGBF) currently trades at $15.00, while our model-based Fair Value estimate is $16.52, implying the stock looks roughly 9.2% undervalued today.
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Valuation
How firm this estimate is: it rests on 8 models at a data quality of 96/100, which puts the evidence level at medium.
Scenario range: $12.39 (bear) to $20.65 (bull), the price of $15.00 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 54/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Suruga Bank Ltd reported revenue of ¥68.2B in FY2026 versus ¥73.9B in FY2022, a compound −2.0%/yr. Reported net income was ¥34.7B in FY2026, compounding +44.5%/yr from FY2022.
Key figures
Market cap $2.6B · P/E ratio 12.2 · P/S ratio 6.21 · EPS (TTM) $1.23 · Dividend yield 2.5% · Net margin 50.9% · Return on equity 11.2% · Return on assets 1.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 156% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at 10%, SRGBF screens cheaper than that median.
Fair Value models
Bear $12.39Fair Value $16.52Bull $20.65
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.
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.25/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+2.3%
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.
+6.9%
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.
−4.0%
Start year 2021 (pandemic)
Revenue growth 6 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.
−6.1%
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What shareholders gained per year (last 5 years), in JPY (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+40.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+37.5%
Dividend (yield on the price)2.5%
2026 sits 155% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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 · 1051 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside+10.1% · Above median
Profitability
Return on equity (TTM)11.2% · Above median
Return on assets1.0% · Above median
Net margin (TTM)40.0% · Top 25%
Operating margin (TTM)73.0% · Top 25%
Growth and dividend
Revenue growth−1.7% · Bottom 25%
Dividend yield (TTM)2.5% · Below median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Suruga Bank Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SRGBF
Frequently asked questions
Is Suruga Bank Ltd (SRGBF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $16.52 versus a price of $15.00, about +10% upside (undervalued).
What is the fair value of SRGBF?
Our model-based fair value for Suruga Bank Ltd is $16.52 (as of Sep 24, 2026), built from audited fundamentals. The current price: $15.00.
What is the quality score of SRGBF?
Suruga Bank Ltd has a Quality Score of 54/100. 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 Suruga Bank Ltd (SRGBF)?
Our model-based price target is the fair value of $16.52 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario $12.39, optimistic scenario $20.65. It is a calculation from audited fundamentals, not an analyst target.
What is the Suruga Bank Ltd stock forecast for 2026?
Our models put fair value at $16.52, about +10% upside versus a price of $15.00 (undervalued). Cautious scenario $12.39, optimistic scenario $20.65. The calculation is refreshed regularly with new filings.
What is the revenue of Suruga Bank Ltd (SRGBF)?
Suruga Bank Ltd reported trailing-twelve-month revenue of about ¥86.8B (latest available figure, as of Sep 24, 2026).
Does Suruga Bank Ltd pay a dividend?
Suruga Bank Ltd currently shows a dividend yield of about 2.54% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Suruga Bank Ltd (SRGBF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Suruga Bank Ltd it is $16.52 per share (as of Sep 24, 2026), against a price of $15.00. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Suruga Bank Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SRGBF trades below its calculated fair value: price $15.00, fair value $16.52, a gap of about +10% (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 SRGBF?
No. The price is what the market pays today ($15.00); the fair value is what the company's own numbers justify ($16.52). For Suruga Bank Ltd the two are $1.52 per share apart. That gap is exactly why we show both numbers side by side.
How much is Suruga Bank Ltd worth?
The market values Suruga Bank Ltd at about $2.6B (market capitalisation, as of Sep 24, 2026). Per share that is $15.00; our models calculate a fair value of $16.52 per share.
What do the bullish and bearish scenarios say about SRGBF?
Our models span a range for Suruga Bank Ltd: cautious scenario $12.39, base $16.52, optimistic $20.65 per share (as of Sep 24, 2026, price $15.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SRGBF?
Suruga Bank Ltd trades at a price-to-earnings ratio of 12.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $16.52 is built from several models across several years. Other multiples: P/B 1.2, P/S 4.6.
How solid is the balance sheet of Suruga Bank Ltd (SRGBF)?
Balance-sheet figures for Suruga Bank Ltd (as of Sep 24, 2026): return on equity 11.2%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is SRGBF from its 52-week high?
Suruga Bank Ltd trades at $15.00, at its 52-week high of $15.00 and 156% above the low of $5.87 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $16.52 is for.
Which stocks are comparable to Suruga Bank Ltd?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Intesa Sanpaolo S.p.A, 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 Suruga Bank Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price $15.00, calculated fair value $16.52 (+10%), Quality Score 54/100, 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 SRGBF calculated?
We run Suruga Bank Ltd 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 $16.52, 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 13.9 % above its aggregate fair value. Suruga Bank Ltd currently trades 10 % 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 Suruga Bank Ltd (SRGBF)?
The closing price on Sep 25, 2026 was $15.00. Our model-based fair value is $16.52, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Suruga Bank Ltd right now?
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Suruga Bank Ltd
How large is the market capitalisation of Suruga Bank Ltd (SRGBF)?
The market capitalisation of Suruga Bank Ltd is $2.6B. 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 Suruga Bank Ltd (SRGBF)?
The price-to-sales ratio of Suruga Bank Ltd is 6.21 (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 Suruga Bank Ltd (SRGBF)?
Earnings per share at Suruga Bank Ltd are $1.23 (price ÷ EPS = P/E 12.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Suruga Bank Ltd (SRGBF)?
The dividend yield of Suruga Bank Ltd is 2.5% (payout 31.0%). 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 Suruga Bank Ltd (SRGBF)?
The net margin of Suruga Bank Ltd is 50.9% (fiscal year 2026). 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 Suruga Bank Ltd (SRGBF)?
The return on equity (ROE) of Suruga Bank Ltd is 11.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Suruga Bank Ltd (SRGBF)?
The return on assets (ROA) of Suruga Bank Ltd is 1.0% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of Suruga Bank Ltd (SRGBF)?
The operating margin of Suruga Bank Ltd is 73.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Suruga Bank Ltd (SRGBF)?
Revenue at Suruga Bank Ltd is growing −1.7% versus a year earlier (3y avg +6.9%). 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 Suruga Bank Ltd (SRGBF)?
Earnings per share at Suruga Bank Ltd are growing +551% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Suruga Bank Ltd (SRGBF) generate?
The free cash flow of Suruga Bank Ltd is −¥151B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Sep 24, 2026