EN DE

VP Bank AG (VPBN) Fair Value & Analysis

Financial Services · CH · Market cap CHF 584M

VB VP Bank AG VPBN · SW
PriceCHF 93.00
Fair ValueCHF 107.58
Upside+15.7%
Quality42/100
Watch VP Bank AG for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Solidly profitable · 13.9% net margin
Low debt · negative free cash flow
4.39% dividend yield
Mixed vs. peers (7/13)
Moderate moat 45/100
Evidence: High Range CHF 80.69 – CHF 134.48 Share as image

Fair value as of: Jul 13, 2026

From 6 valuation models · updated 27 days ago

Share price +2.0% over the past month.

Below-average quality, screening 16% undervalued on our models.

What matters now

  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
  • Our model range runs from CHF 80.69 (bear) to CHF 134.48 (bull), base CHF 107.58. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 42/100 (below-average quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

CHF 96.90 CHF 63.02 Fair Value CHF 107.58 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range CHF 63.02 – CHF 96.90 · fair‑value band CHF 80.69 – CHF 134.48 · the CHF 93.00 price screens below the CHF 107.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

VP Bank AG (VPBN) currently trades at CHF 93.00, while our model-based Fair Value estimate is CHF 107.58, implying the stock looks roughly 15.7% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, VP Bank AG generated revenue of CHF 337M at a net margin of 13.9%. Revenue declined 3.3% year over year. It earns a return on equity of 4.1%. The balance sheet holds a net cash position of CHF 592M. Fundamentals as of Jul 13, 2026

Our scenario range runs from CHF 80.69 (bear case) to CHF 134.48 (bull case); at CHF 93.00, 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 26% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 16% fair-value upside, at 16%, VPBN 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 CHF 145.84 CHF 142.46 CHF 120.07 76
Gordon GGM CHF 34.02 CHF 58.45 CHF 84.39 70
P/E Multiple CHF 80.69 CHF 107.58 CHF 134.48 63
All 6 models by family
Dividend Discount
Gordon GGM CHF 34.02 CHF 58.45 CHF 84.39 70
DDM Multi-Stage CHF 34.02 CHF 49.00 CHF 63.00 61
Multiples
P/E Multiple CHF 80.69 CHF 107.58 CHF 134.48 63
P/B Multiple CHF 105.51 CHF 140.69 CHF 175.86 55
Asset-Based
NCAV (Graham) CHF 103.50 CHF 138.69 CHF 207.00 50
Economic Profit
Residual Income CHF 145.84 CHF 142.46 CHF 120.07 76

Widest divergence: Economic Profit (CHF 142.46) versus Dividend Discount (CHF 49.00). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) CHF 337M
Revenue growth (YoY) -3.3%
Net margin 13.9%
Return on equity 4.1%
Free cash flow −CHF 35.8M FY2025
P/E ratio 11.5
More key figures
Operating margin 15.0%
EPS (TTM) CHF 7.51
Dividend yield 4.6%
EPS growth (YoY) +160%
Net cash CHF 592M FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 40 · Market factors (momentum, volatility) 76

Profitability 20
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 77
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

VP Bank AG, together with its subsidiaries, provides various financial products and services in Liechtenstein, Europe, and internationally. The company operates through three segments: Liechtenstein and BVI, International, and Asset Servicing.

Full company description

VP Bank AG, together with its subsidiaries, provides various financial products and services in Liechtenstein, Europe, and internationally. The company operates through three segments: Liechtenstein and BVI, International, and Asset Servicing. It offers investing services, including goal-based advice, wealth management and planning, investment advisory and consulting, investment products, and sustainable investing; mortgage loans and real estate financing, as well as Lombard loan; private label funds; exchange rates; and execution only services. The company also provides banking services, such as personal, foreign currency, and savings accounts; bank cards; e-banking, e-post, and other e-services; and transaction slips, account statements, interest statements, and other reporting and tax services, as well as custodian bank and basic services. It serves independent asset managers, family offices, and private clients. The company was founded in 1956 and is headquartered in Vaduz, Liechtenstein.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

VP Bank AG reported revenue of CHF 495M in FY2025 versus CHF 330M in FY2021, a compound +10.7%/yr. Reported net income was CHF 47.0M in FY2025, compounding −1.8%/yr from FY2021.

Growth Quality 55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
CHF 495M
Latest YoY
+49.6%
Avg. growth/yr (3Y)
+13.5%
Avg. growth/yr (5Y)
+10.6%
Avg. growth/yr (21Y)
+3.1%
Revenue +10.7%/yr
FY21 CHF 330M
FY22 CHF 339M
FY23 CHF 357M
FY24 CHF 331M
FY25 CHF 495M
Net income −1.8%/yr
FY21 CHF 50.6M
FY22 CHF 40.2M
FY23 CHF 44.2M
FY24 CHF 18.5M
FY25 CHF 47.0M

Watch VPBN: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "VP Bank AG Fair Value". https://www.fairvalue-calculator.com/stock/VPBN

Peer Group

Banks - Diversified · 47 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 45 · Bottom 25%
Fair Value upside +16% · Above median
Return on equity (TTM) 4% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 14% · Bottom 25%
Operating margin (TTM) 15% · Bottom 25%
Revenue growth -3% · Bottom 25%
Dividend yield (TTM) 4.4% · Top 25%
Debt / equity 0.18× · Lower than 75% of peers

Valuation Multiples vs Banks - Diversified median · lower = cheaper

P/E (TTM) 12.5× · Cheaper than median
P/B 0.61× · Cheaper than 75% of peers
P/S (TTM) 2.14× · Cheaper than 75% of peers
PEG 0.46× · Cheaper 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 54 · sector 37
FUTURE 0 · sector 25
PAST 16 · sector 42
HEALTH 91 · sector 52
DIVIDEND 88 · sector 67

Insider activity: 40/100

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 - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
JPMorgan Chase & Co JPM $341.10 $278.99 -18%
Bank of America Corporation BAC $59.67 $55.89 -6%
China Construction Bank Corporation 601939 ¥10.16 ¥17.20 +69%
Industrial and Commercial Bank of China Limited 601398 ¥7.50 ¥13.44 +79%
HSBC Holdings HSBC $100.52 $84.67 -16%
Agricultural Bank of China Limited 601288 ¥6.37 ¥11.85 +86%
Royal Bank of Canada RY C$305.74 C$190.48 -38%
Bank of China Limited 601988 ¥5.88 ¥9.80 +67%
Wells Fargo & Company WFCS C$23.58 C$27.40 +16%
Banco Santander, S.A SAN 51.02 PLN 55.60 PLN +9%

Compare VP Bank AG with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is VP Bank AG (VPBN) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of CHF 107.58 versus a price of CHF 93.00, about +16% (undervalued).
What is the fair value of VPBN?
Our model-based fair value for VP Bank AG is CHF 107.58 (as of Jul 13, 2026), built from audited fundamentals. The current price is CHF 93.00.
What is the quality score of VPBN?
VP Bank 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 revenue of VP Bank AG (VPBN)?
VP Bank AG reported trailing-twelve-month revenue of about CHF 337M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of VPBN?
The net profit margin of VP Bank AG is about 13.9%, meaning it keeps roughly 13.9% of revenue as net income. Based on the latest reported figures.
Does VP Bank AG pay a dividend?
VP Bank AG currently shows a dividend yield of about 4.60% relative to its recent price (as of Jul 13, 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.

14 days Pro free · no card

Track VP Bank AG and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.