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Banque Cantonale du Valais (WKBN) Fair Value & Analysis

Financial Services · CH · Market cap CHF 2.6B · ISIN CH0305951201

What is Banque Cantonale du Valais really worth?

BC Banque Cantonale du Valais WKBN · SW
PriceCHF 160.50
Fair ValueCHF 78.71
Upside−51.0%
Quality44/100

Below-average quality, and trading another 104% above our fair value of CHF 78.71.

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Strengths

Highly profitable · 31.6% net margin

Risks

!Expensive Growth (revenue 5y +7.2 %/yr)
!High debt · generates free cash flow
!Trails peers (2/14)
!Moderate moat 59/100
!Weak on past: 20 out of 100
!Weak on balance sheet: 5 out of 100

For context

·2.49% dividend yield
Evidence: High Range CHF 59.04 – CHF 98.39

Fair value as of: Aug 20, 2026

From 6 valuation models · updated 16 days ago

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 (CHF 98.39). The favourable scenario is already priced in.
  • Weak quality (44/100) 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)

CHF 162.50 CHF 88.53 Fair Value CHF 78.71 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range CHF 88.53 – CHF 162.50 · fair‑value band CHF 59.04 – CHF 98.39 · the CHF 160.50 price screens above the CHF 78.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Banque Cantonale du Valais (WKBN) currently trades at CHF 160.50, while our model-based Fair Value estimate is CHF 78.71, implying the stock looks roughly 103.9% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Financial Services sector. Bull case: the Economic Profit group reads highest at a median of CHF 84.47 per share, and 0 of the 6 models we run sit above the CHF 160.50 price. Bear case: the Dividend Discount group reads lowest at CHF 50.20, and 6 of the 6 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Banque Cantonale du Valais generated revenue of CHF 271M at a net margin of 31.6%. Revenue declined 11.9% year over year. It earns a return on equity of 5.1%. Net debt stands at CHF 3.9B. Fundamentals as of Aug 20, 2026

Our scenario range runs from CHF 59.04 (bear case) to CHF 98.39 (bull case); at CHF 160.50, 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 near its 52-week high and 36% 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 −51%, WKBN 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 CHF 2.64 per share, which is 3.4 % 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 CHF 83.00 CHF 84.47 CHF 80.59 76
Gordon GGM CHF 35.31 CHF 54.17 CHF 73.97 68
DDM Multi-Stage CHF 35.31 CHF 50.20 CHF 66.34 67
All 6 models by family
Dividend Discount
Gordon GGM CHF 35.31 CHF 54.17 CHF 73.97 68
DDM Multi-Stage CHF 35.31 CHF 50.20 CHF 66.34 67
Multiples
P/E Multiple CHF 53.27 CHF 71.02 CHF 88.78 63
P/B Multiple CHF 69.66 CHF 92.88 CHF 116.09 55
Asset-Based
NCAV (Graham) CHF 54.39 CHF 72.89 CHF 108.79 54
Economic Profit
Residual Income best evidence CHF 83.00 CHF 84.47 CHF 80.59 76

Widest divergence: Economic Profit (CHF 84.47) versus Dividend Discount (CHF 50.20). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 20.9
P/S ratio 5.61 P/E × margin
EPS (TTM) CHF 7.89 price ÷ EPS = P/E 20.9
Dividend yield 2.5% payout 50.7%
Net margin 26.9% FY2025
Return on equity 5.1% TTM
More key figures
Profitability
Return on assets (EBIT) 0.5% avg 5y
Operating margin 25.5% TTM
Growth
Revenue (TTM) CHF 271M TTM
Revenue growth (YoY) −11.9% 3y avg +7.6%
EPS growth (YoY) −4.5%
Balance sheet & cash flow
Free cash flow CHF 582M FY2025
Net debt CHF 3.9B FY2025 · ≈ 6.6 yrs of FCF

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 49 · Market factors (momentum, volatility) 76

Profitability 31
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 80
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.

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

Walliser Kantonalbank provides various banking products and services for individuals and companies in Switzerland. It offers saving account and savings plus accounts; investment, senior, youth, and gift savings accounts; Euro, start, private, and club accounts; personal loans; energy transition mortgages; and training, eco home, construction, lombard, …

Full company description

Walliser Kantonalbank provides various banking products and services for individuals and companies in Switzerland. It offers saving account and savings plus accounts; investment, senior, youth, and gift savings accounts; Euro, start, private, and club accounts; personal loans; energy transition mortgages; and training, eco home, construction, lombard, investment, and renovation loans. The company also provides debit and credit cards; wealth management and payment services; investment products, such as investment funds, step invest, step life, certificates, cash bonds, and investment calculator; investment services comprising management and consulting mandates; pension and insurance products; occupational pensions; and e-banking, eBill, e-trade, QR-invoice, and mobile banking and payment services. Walliser Kantonalbank was founded in 1917 and is headquartered in Sion, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Banque Cantonale du Valais reported revenue of CHF 319M in FY2025 versus CHF 247M in FY2021, a compound +6.6%/yr. Reported net income was CHF 85.9M in FY2025, compounding +5.8%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
CHF 319M
Latest YoY
+15.3%
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.
+7.6%
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.
+7.2%
Avg. revenue growth/yr (21Y) 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.
+1.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+7.4% (4.9 + 2.5)
Revenue +6.6%/yr
FY21 CHF 247M
FY22 CHF 257M
FY23 CHF 297M
FY24 CHF 277M
FY25 CHF 319M
Net income +5.8%/yr
FY21 CHF 68.5M
FY22 CHF 72.9M
FY23 CHF 90.4M
FY24 CHF 90.5M
FY25 CHF 85.9M
Character of growth · EPS growth decomposed (2014-2025) +2.2 % p.a.
Revenue per share +0.7 %

of which total revenue +3.5 % · buybacks/dilution −2.8 %

EBIT margin +0.9 %
Tax rate +0.5 %
Residual (interest, one-offs) +0.1 %

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).

WKBN screens 104% overvalued. Compare with DBS Group →

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Cite: Fair Value Calculator (2026). "Banque Cantonale du Valais Fair Value". https://www.fairvalue-calculator.com/stock/WKBN

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 50 · Below median
Fair Value upside −51% · Bottom 25%
Return on equity (TTM) 5% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 32% · Above median
Operating margin (TTM) 25% · Bottom 25%
Revenue growth −12% · Bottom 25%
Dividend yield (TTM) 2.5% · Below median
Debt / equity 1.91× · Higher than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 20.9× · Pricier than 75% of peers
P/B 1.84× · Pricier than 75% of peers
P/S (TTM) 11.62× · Pricier than 75% of peers
P/FCF 5.4× · Cheaper than median
EV/EBITDA 26.2× · Pricier 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
PAST20 · sector 41
HEALTH5 · sector 85
DIVIDEND50 · sector 51

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

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 20, 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 Banque Cantonale du Valais (WKBN) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of CHF 78.71 versus a price of CHF 160.50, about −51% upside (overvalued).
What is the fair value of WKBN?
Our model-based fair value for Banque Cantonale du Valais is CHF 78.71 (as of Aug 20, 2026), built from audited fundamentals. The current price: CHF 160.50.
What is the quality score of WKBN?
Banque Cantonale du Valais has a Quality Score of 44/100. 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 Banque Cantonale du Valais (WKBN)?
Banque Cantonale du Valais reported trailing-twelve-month revenue of about CHF 271M (latest available figure, as of Aug 20, 2026).
What is the net profit margin of WKBN?
The net profit margin of Banque Cantonale du Valais is about 31.6%, meaning it keeps roughly 31.6% of revenue as net income. Based on the latest reported figures.
Does Banque Cantonale du Valais pay a dividend?
Banque Cantonale du Valais currently shows a dividend yield of about 2.49% relative to its recent price (as of Aug 20, 2026).
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