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ABN Amro Group NV (ABN) Fair Value & Analysis

Financial Services · NL · Market cap €30.2B · ISIN NL0011540547

What is ABN Amro Group NV really worth?

AA ABN Amro Group NV ABN · AS
Price€43.13
Fair Value€40.88
Upside−5.2%
Quality60/100

A solid business, currently priced close to our fair value of €40.88.

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Strengths

Highly profitable · 26.5% net margin
Wide moat 65/100

Risks

!Mixed Growth (revenue 5y +24.6 %/yr)
!High debt · generates free cash flow
!Trails peers (5/15)
!Weak on valuation: 26 out of 100
!Weak on future: 18 out of 100

For context

·3.91% dividend yield
Evidence: High Range €30.66 – €51.11

Fair value as of: Aug 29, 2026

From 6 valuation models · updated 6 days ago

Share price +8.0% over the past month.

What runs behind every stock

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

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

€43.13 €6.07 Fair Value €40.88 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range €6.07 – €43.13 · fair‑value band €30.66 – €51.11 · the €43.13 price screens above the €40.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.

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Analysis

ABN Amro Group NV (ABN) currently trades at €43.13, while our model-based Fair Value estimate is €40.88, implying the stock looks roughly 5.5% fairly valued today. The Quality Score stands at 60/100 (solid quality), in the Financial Services sector. Bull case: the Multiples group reads highest at a median of €35.92 per share, and 1 of the 6 models we run sit above the €43.13 price. Bear case: the Dividend Discount group reads lowest at €21.43, and 5 of the 6 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, ABN Amro Group NV generated revenue of €8.8B at a net margin of 26.5%. Revenue grew 3.6% year over year. It earns a return on equity of 8.4%. Net debt stands at €29.5B. Fundamentals as of Aug 29, 2026

Our scenario range runs from €30.66 (bear case) to €51.11 (bull case); at €43.13, 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 105% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −8% fair-value upside, at −5%, ABN screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €0.5787 per share, which is 1.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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. Evidence
Highest evidence
Residual Income best evidence €27.99 €30.22 €36.12 76
Gordon GGM €12.22 €25.42 €40.32 66
DDM Multi-Stage €12.22 €21.43 €26.68 66
All 6 models by family
Dividend Discount
Gordon GGM €12.22 €25.42 €40.32 66
DDM Multi-Stage €12.22 €21.43 €26.68 66
Multiples
P/E Multiple €26.94 €35.92 €44.91 63
P/B Multiple €34.84 €46.45 €58.07 55
Asset-Based
NCAV (Graham) €16.59 €22.23 €33.18 54
Economic Profit
Residual Income best evidence €27.99 €30.22 €36.12 76

Widest divergence: Multiples (€35.92) versus Dividend Discount (€21.43). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 17.0
P/S ratio 2.27 P/E × margin
EPS (TTM) €2.54 price ÷ EPS = P/E 17.0
Dividend yield 3.9% payout 66.3%
Net margin 13.3% FY2025
Return on equity 8.4% TTM
More key figures
Profitability
Return on assets (EBIT) 0.7% avg 5y
Operating margin 44.9% TTM
Growth
Revenue (TTM) €8.8B TTM
Revenue growth (YoY) +3.6% 3y avg +29.3%
EPS growth (YoY) +15.8%
Balance sheet & cash flow
Free cash flow €4.3B FY2025
Net debt €29.5B FY2025 · ≈ 6.8 yrs of FCF

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 63 · Market factors (momentum, volatility) 91

Profitability 25
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 96
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 97
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

ABN AMRO Bank N.V. provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Banking.

Full company description

ABN AMRO Bank N.V. provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Banking. The company offers fixed deposits; home improvement; mortgage products; investment products; and car, home travel, and legal expenses insurances. It also provides pension savings; asset-based solutions, including working capital solutions, equipment leases, equipment loans and vendor lease services, clearing services, equity brokerage services, payment and credit cards services; and internet and online banking. The company was incorporated in 2009 and is headquartered in Amsterdam, the Netherlands. ABN AMRO Bank N.V. operates as a subsidiary of Stichting Administratiekantoor Continuïteit Abn Amro Bank.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ABN Amro Group NV reported revenue of €16.9B in FY2025 versus €7.6B in FY2021, a compound +21.9%/yr. Reported net income was €2.3B in FY2025, compounding +16.3%/yr from FY2021.

Growth Quality 89/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€16.9B
Latest YoY
−13.4%
Avg. revenue growth/yr (3Y) 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.
+29.3%
Avg. revenue growth/yr (5Y) 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.
+24.6%
Avg. revenue growth/yr (13Y) 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.
+8.4%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+13.2% (9.3 + 3.9)
Revenue +21.9%/yr
FY21 €7.6B
FY22 €7.8B
FY23 €8.8B
FY24 €19.5B
FY25 €16.9B
Net income +16.3%/yr
FY21 €1.2B
FY22 €1.9B
FY23 €2.7B
FY24 €2.4B
FY25 €2.3B
Character of growth · EPS growth decomposed (2014-2025) +5.9 % p.a.
Revenue per share +9.1 %

of which total revenue +7.8 % · buybacks/dilution +1.2 %

EBIT margin −5.0 %
Tax rate +0.1 %
Residual (interest, one-offs) +2.1 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "ABN Amro Group NV Fair Value". https://www.fairvalue-calculator.com/stock/ABN

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Banks - Diversified · 48 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 66 · Top 25%
Fair Value upside −5% · Above median
Return on equity (TTM) 8% · Bottom 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) 27% · Bottom 25%
Operating margin (TTM) 45% · Above median
Revenue growth 4% · Below median
Dividend yield (TTM) 3.9% · Above median
Debt / equity 2.24× · Higher than 75% of peers

Valuation Multiples vs Banks - Diversified median · lower = cheaper

P/E (TTM) 17.0× · Pricier than median
P/B 1.30× · Cheaper than median
P/S (TTM) 4.00× · Pricier than median
P/FCF 8.1× · Pricier than median
EV/EBITDA 14.4× · Pricier than median
PEG 1.51× · Pricier than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE26 · sector 14
FUTURE18 · sector 25
PAST34 · sector 42
HEALTH0 · sector 48
DIVIDEND78 · sector 70

Insider activity: 30/100

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

Similar stocks

10 more Banks - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).

Stock Price Fair Value vs Fair Value
JPMorgan Chase & Co JPM $354.22 $217.97 −38%
Bank of America Corporation BAC $61.17 $50.87 −17%
China Construction Bank Corporation 601939 ¥10.55 ¥18.21 +73%
Industrial and Commercial Bank of China Limited 601398 ¥7.86 ¥14.44 +84%
HSBC Holdings HSBC $103.14 $75.89 −26%
Agricultural Bank of China Limited 601288 ¥6.79 ¥12.94 +91%
Royal Bank of Canada RY C$283.11 C$151.80 −46%
Bank of China Limited 601988 ¥6.14 ¥11.24 +83%
Wells Fargo & Company WFC $86.69 $79.60 −8%
Mitsubishi UFJ Financial Group MUFG $22.90 $20.50 −10%

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Frequently asked questions

Is ABN Amro Group NV (ABN) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of €40.88 versus a price of €43.13, about −5% upside (fairly valued).
What is the fair value of ABN?
Our model-based fair value for ABN Amro Group NV is €40.88 (as of Aug 29, 2026), built from audited fundamentals. The current price: €43.13.
What is the quality score of ABN?
ABN Amro Group NV 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 revenue of ABN Amro Group NV (ABN)?
ABN Amro Group NV reported trailing-twelve-month revenue of about €8.8B (latest available figure, as of Aug 29, 2026).
What is the net profit margin of ABN?
The net profit margin of ABN Amro Group NV is about 26.5%, meaning it keeps roughly 26.5% of revenue as net income. Based on the latest reported figures.
Does ABN Amro Group NV pay a dividend?
ABN Amro Group NV currently shows a dividend yield of about 3.91% relative to its recent price (as of Aug 29, 2026).
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