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Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO) Fair Value & Analysis

Financial Services · MX · Market cap 66.8B MXN (≈ $4.0B) · ISIN MX41BB000000

What is Banco del Bajío S.A. Institución de Banca Múltiple really worth?

BD Banco del Bajío S.A. Institución de Banca Múltiple BBAJIOO · MX
Price57.33 MXN
Fair Value77.33 MXN
Upside+34.9%
Quality62/100

A solid business, trading 26% below our fair value of 77.33 MXN.

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Strengths

Highly profitable · 39.9% net margin
Moderate debt · generates free cash flow
Ranks above peers (10/13)
Wide moat 73/100

Risks

!Mixed Growth (revenue 5y +13.9 %/yr)
!Evidence only medium, so the estimate is less certain
Evidence: Medium Range 58.00 MXN – 96.66 MXN

Fair value as of: Aug 17, 2026

From 6 valuation models · updated 19 days ago

What runs behind every stock

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

What matters now

  • Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
  • 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)

58.00 MXN 18.12 MXN Fair Value 77.33 MXN May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.

How to read this chart

60‑month range 18.12 MXN – 58.00 MXN · fair‑value band 58.00 MXN – 96.66 MXN · the 57.33 MXN price screens below the 77.33 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 17, 2026.

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Analysis

Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO) currently trades at 57.33 MXN, while our model-based Fair Value estimate is 77.33 MXN, implying the stock looks roughly 25.9% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Financial Services sector. Bull case: the Dividend Discount group reads highest at a median of 86.72 MXN per share, and 4 of the 6 models we run sit above the 57.33 MXN price. Bear case: the Asset-Based group reads lowest at 26.94 MXN, and 2 of the 6 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Banco del Bajío S.A. Institución de Banca Múltiple generated revenue of 21.7B MXN at a net margin of 39.9%. Revenue declined 7.5% year over year. It earns a return on equity of 17.6%. Net debt stands at 29.9B MXN. Fundamentals as of Aug 17, 2026

Our scenario range runs from 58.00 MXN (bear case) to 96.66 MXN (bull case); at 57.33 MXN, the current price sits below 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 about 2% below its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −10% fair-value upside, at 35%, BBAJIOO 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 5.16 MXN per share, which is 6.7 % 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 48.38 MXN 59.41 MXN 147.02 MXN 69
Gordon GGM 49.46 MXN 102.84 MXN 163.15 MXN 66
DDM Multi-Stage 49.46 MXN 86.72 MXN 107.93 MXN 66
All 6 models by family
Dividend Discount
Gordon GGM 49.46 MXN 102.84 MXN 163.15 MXN 66
DDM Multi-Stage 49.46 MXN 86.72 MXN 107.93 MXN 66
Multiples
P/E Multiple 74.39 MXN 99.19 MXN 123.99 MXN 63
P/B Multiple 42.21 MXN 56.28 MXN 70.36 MXN 55
Asset-Based
NCAV (Graham) 20.10 MXN 26.94 MXN 40.20 MXN 54
Economic Profit
Residual Income best evidence 48.38 MXN 59.41 MXN 147.02 MXN 69

Widest divergence: Dividend Discount (86.72 MXN) versus Asset-Based (26.94 MXN). Highest evidence: Residual Income (69).

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Key figures & financial health

P/E ratio 7.5
P/S ratio 2.61 P/E × margin
EPS (TTM) 7.63 MXN price ÷ EPS = P/E 7.5
Dividend yield 9.8% payout 73.5%
Net margin 34.7% FY2025
Return on equity 17.6% TTM
More key figures
Profitability
Return on assets (EBIT) 2.4% avg 5y
Operating margin 52.7% TTM
Growth
Revenue (TTM) 21.7B MXN TTM
Revenue growth (YoY) −7.5% 3y avg +15.0%
EPS growth (YoY) −4.5%
Balance sheet & cash flow
Free cash flow 21.3B MXN FY2025
Net debt 29.9B MXN FY2025 · ≈ 1.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 59 · Market factors (momentum, volatility) 78

Profitability 41
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 82
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

Banco del Bajío, S.A., Institución de Banca Múltiple provides banking products and services in Mexico. The company offers electronic and specialized banking, banking insurance, credits, accounts, foreign exchange, investments, payroll, and credit card services.

Full company description

Banco del Bajío, S.A., Institución de Banca Múltiple provides banking products and services in Mexico. The company offers electronic and specialized banking, banking insurance, credits, accounts, foreign exchange, investments, payroll, and credit card services. It also provides agribusiness, level accounts, derivatives, electronic account statement, saving fund, electronic payroll, business package, and protection line services. The company was incorporated in 1994 and is based in León, Mexico.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Banco del Bajío S.A. Institución de Banca Múltiple reported revenue of 26.2B MXN in FY2025 versus 14.1B MXN in FY2021, a compound +16.8%/yr. Reported net income was 9.1B MXN in FY2025, compounding +17.2%/yr from FY2021.

Growth Quality 94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
26.2B MXN
Latest YoY
−3.9%
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.
+15.0%
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.
+13.9%
Avg. revenue growth/yr (18Y) 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.
+8.7%
Value creation/yr (5Y, in MXN) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in MXN: 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.
+23.3% (13.5 + 9.8)
Revenue +16.8%/yr
FY21 14.1B MXN
FY22 17.2B MXN
FY23 26.0B MXN
FY24 27.2B MXN
FY25 26.2B MXN
Net income +17.2%/yr
FY21 4.8B MXN
FY22 7.0B MXN
FY23 11.0B MXN
FY24 10.7B MXN
FY25 9.1B MXN

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Cite: Fair Value Calculator (2026). "Banco del Bajío S.A. Institución de Banca Múltiple Fair Value". https://www.fairvalue-calculator.com/stock/BBAJIOO

Peer Group

Banks - Regional · 1071 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 62 · Top 25%
Fair Value upside +35% · Top 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 2% · Top 25%
Net margin (TTM) 40% · Top 25%
Operating margin (TTM) 53% · Top 25%
Revenue growth −8% · Bottom 25%
Dividend yield (TTM) 9.8% · Top 25%
Debt / equity 0.64× · Higher than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 7.5× · Cheaper than 75% of peers
P/B 1.40× · Pricier than median
P/S (TTM) 3.09× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers

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
VALUE80 · sector 33
FUTURE0 · sector 45
PAST71 · sector 41
HEALTH68 · sector 85
DIVIDEND100 · sector 51

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

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).

Stock Price Fair Value vs Fair Value
DBS Group D05 75.65 SGD 40.48 SGD −46%
China Merchants Bank Co 3968 HK$47.96 HK$76.51 +60%
Intesa Sanpaolo S.p.A ISP €6.78 €5.66 −17%
HDFC Bank Limited HDB $23.17 $24.12 +4%
BNP Paribas SA BNP €102.56 €144.64 +41%
UniCredit S.p.A UCG €84.71 €77.62 −8%
Mizuho Financial Group MFG $10.74 $9.69 −10%
ICICI Bank Limited ICICIBANK ₹1,443 ₹835.21 −42%
Oversea-Chinese Banking Corporation O39 31.07 SGD 19.80 SGD −36%
CaixaBank, S.A CABK €13.52 €8.85 −35%

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Frequently asked questions

Is Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO) overvalued or undervalued?
As of Aug 17, 2026, our model estimates a fair value of 77.33 MXN versus a price of 57.33 MXN, about +35% upside (undervalued).
What is the fair value of BBAJIOO?
Our model-based fair value for Banco del Bajío S.A. Institución de Banca Múltiple is 77.33 MXN (as of Aug 17, 2026), built from audited fundamentals. The current price: 57.33 MXN.
What is the quality score of BBAJIOO?
Banco del Bajío S.A. Institución de Banca Múltiple has a Quality Score of 62/100. 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 Banco del Bajío S.A. Institución de Banca Múltiple (BBAJIOO)?
Banco del Bajío S.A. Institución de Banca Múltiple reported trailing-twelve-month revenue of about 21.7B MXN (latest available figure, as of Aug 17, 2026).
What is the net profit margin of BBAJIOO?
The net profit margin of Banco del Bajío S.A. Institución de Banca Múltiple is about 39.9%, meaning it keeps roughly 39.9% of revenue as net income. Based on the latest reported figures.
Does Banco del Bajío S.A. Institución de Banca Múltiple pay a dividend?
Banco del Bajío S.A. Institución de Banca Múltiple currently shows a dividend yield of about 9.78% relative to its recent price (as of Aug 17, 2026).
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