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Grupo Financiero Galicia S.A. (GGAL) Fair Value & Analysis

Financial Services · AR · Market cap 13.1T ARS (≈ $9.2B) · ISIN ARP495251018

What is Grupo Financiero Galicia S.A. really worth?

GF Grupo Financiero Galicia S.A. GGAL · BA
Price7,075 ARS
Fair Value1,929 ARS
Upside−72.7%
Quality22/100

Below-average quality, and trading another 267% above our fair value of 1,929 ARS.

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Risks

!Expensive Growth (revenue 5y +108.7 %/yr)
!Thin margins · 1.1% net margin
!Low debt · negative free cash flow
!Trails peers (2/13)
!Narrow moat 20/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 4 out of 100
Evidence: Medium Range 1,447 ARS – 2,412 ARS

Fair value as of: Aug 13, 2026

From 4 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from 1,720 ARS to 1,929 ARS (+12.2%) since Jul 7, 2026.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (2,412 ARS). The favourable scenario is already priced in.
  • Weak quality (22/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • 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)

9,161 ARS 109.00 ARS Fair Value 1,929 ARS Feb 2021 Sep 2026

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

How to read this chart

60‑month range 109.00 ARS – 9,161 ARS · fair‑value band 1,447 ARS – 2,412 ARS · the 7,075 ARS price screens above the 1,929 ARS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Grupo Financiero Galicia S.A. (GGAL) currently trades at 7,075 ARS, while our model-based Fair Value estimate is 1,929 ARS, implying the stock looks roughly 266.7% overvalued today. The Quality Score stands at 22/100 (below-average quality), in the Financial Services sector. Bull case: the Economic Profit group reads highest at a median of 3,423 ARS per share, and 0 of the 4 models we run sit above the 7,075 ARS price. Bear case: the Multiples group reads lowest at 1,720 ARS, and 4 of the 4 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Grupo Financiero Galicia S.A. generated revenue of 6.1T ARS at a net margin of 1.1%. Revenue declined 14.7% year over year. It earns a return on equity of 0.9%. The stock trades on a trailing P/E of 153.8 (as of Jun 18, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from 1,447 ARS (bear case) to 2,412 ARS (bull case); at 7,075 ARS, the current price sits above 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 24% below its 52-week high and 77% 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 −73%, GGAL screens richer 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 35.89 ARS per share, which is 1.9 % 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 3,530 ARS 3,423 ARS 2,897 ARS 73
P/E Multiple 1,290 ARS 1,720 ARS 2,150 ARS 61
P/B Multiple 1,687 ARS 2,249 ARS 2,812 ARS 53
All 4 models by family
Multiples
P/E Multiple 1,290 ARS 1,720 ARS 2,150 ARS 61
P/B Multiple 1,687 ARS 2,249 ARS 2,812 ARS 53
Asset-Based
NCAV (Graham) 2,418 ARS 3,240 ARS 4,835 ARS 52
Economic Profit
Residual Income best evidence 3,530 ARS 3,423 ARS 2,897 ARS 73

Widest divergence: Economic Profit (3,423 ARS) versus Multiples (1,720 ARS). Highest evidence: Residual Income (73).

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Key figures & financial health

P/E ratio 153.8 as of Jun 18, 2026
P/S ratio 3.83 P/E × margin
EPS (TTM) 53.04 ARS price ÷ EPS = P/E 153.8
Net margin 2.5% FY2025
Return on equity 0.9% TTM
Return on assets (EBIT) 4.9% avg 5y
More key figures
Profitability
Operating margin 1.8% TTM
Growth
Revenue (TTM) 6.1T ARS TTM
Revenue growth (YoY) −14.7% 3y avg +131%
EPS growth (YoY) −65.8%
Balance sheet & cash flow
Free cash flow −1.9T ARS FY2025

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

Quality Score breakdown

Overall quality 22/100

Of which business quality 31 · Market factors (momentum, volatility) 47

Profitability 14
Margins and returns on capital today
Quality Growth 14
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 63
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

Grupo Financiero Galicia S.A., a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Bank, Naranja X, Insurance, and Other Businesses segments. It offers savings, checking, and time deposits; and credit and debit cards.

Full company description

Grupo Financiero Galicia S.A., a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Bank, Naranja X, Insurance, and Other Businesses segments. It offers savings, checking, and time deposits; and credit and debit cards. The company also provides personal loans, salary advance, express loans, AfterPay, Buy Now Pay Later, flexible loans, and overdrafts for individuals; and immediate loans, discount of electronic credit invoice and e-checks, pledge and mortgage loans, Sociedad de Garantía Recíproca loans, Socios de valor, productive line, leasing, and purchase of agricultural inputs for companies. In addition, the company offers life, home, personal accident, robbery, cars, and other insurance products; fixed term, traditional fixed term, and purchasing value unit investment products; custody of securities; purchase and sale of foreign currency; private banking; and fixed income products, stocks, CEDEARs, secured loans, mutual funds, stock promissory note, structured solutions, and primary issuances; foreign trade; and capital market and investment banking. Further, it provides online banking services. Grupo Financiero Galicia S.A. was founded in 1905 and is based in Buenos Aires, Argentina.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Grupo Financiero Galicia S.A. reported revenue of 8.5T ARS in FY2025 versus 273B ARS in FY2021, a compound +136.6%/yr. Reported net income was 213B ARS in FY2025, compounding +63.9%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
8.5T ARS
Latest YoY
−13.5%
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.
+131.0%
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.
+108.7%
Avg. revenue growth/yr (25Y) 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.
+39.6%
Value creation/yr (5Y, in ARS) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in ARS: 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.
+49.1% (49.1 + 0.0)
Revenue +136.6%/yr
FY21 273B ARS
FY22 693B ARS
FY23 9.6T ARS
FY24 9.9T ARS
FY25 8.5T ARS
Net income +63.9%/yr
FY21 29.4B ARS
FY22 48.6B ARS
FY23 966B ARS
FY24 2.1T ARS
FY25 213B ARS

GGAL screens 267% overvalued. Compare with DBS Group →

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Cite: Fair Value Calculator (2026). "Grupo Financiero Galicia S.A. Fair Value". https://www.fairvalue-calculator.com/stock/GGAL

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 28 · Bottom 25%
Fair Value upside −73% · Bottom 25%
Return on equity (TTM) 1% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 1% · Bottom 25%
Operating margin (TTM) 2% · Bottom 25%
Revenue growth −15% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.37× · Higher than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 153.8× · Pricier than 75% of peers
P/B 1.69× · Pricier than 75% of peers
P/S (TTM) 2.16× · Cheaper than 75% of peers
PEG 0.02× · 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
VALUE0 · sector 33
FUTURE0 · sector 45
PAST4 · sector 41
HEALTH81 · sector 85
DIVIDEND0 · sector 51

VALUE 0: the price sits above our fair-value range.

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 13, 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 Grupo Financiero Galicia S.A. (GGAL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1,929 ARS versus a price of 7,075 ARS, about −73% upside (overvalued).
What is the fair value of GGAL?
Our model-based fair value for Grupo Financiero Galicia S.A. is 1,929 ARS (as of Aug 13, 2026), built from audited fundamentals. The current price: 7,075 ARS.
What is the quality score of GGAL?
Grupo Financiero Galicia S.A. has a Quality Score of 22/100. 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 Grupo Financiero Galicia S.A. (GGAL)?
Grupo Financiero Galicia S.A. reported trailing-twelve-month revenue of about 6.1T ARS (latest available figure, as of Aug 13, 2026).
What is the net profit margin of GGAL?
The net profit margin of Grupo Financiero Galicia S.A. is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.
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