Rankings Financial data & insurance broking BBVA
BBVA
91
15070100
A view of the same findings, not a new score. How it works
A strong score: the model found few serious problems, but analysts see limited upside from here.
Biggest deductions
- Multiples vs own history−8
- Quality of growth−3
- Concentration in Mexico−2
Strengths
- Raised guidance+2
- Dividend and buybacks+2
How the score is built
From 100 to 91, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 21.36 EUR
- Median analyst target
- 24.35 EUR
- Upside to median
- +14.0%
- Analysts
- 22
- Target range
- 11.70 – 28.50 EUR
- 52-week change
- +22%
- P/E (trailing)
- 10.6
- Forward P/E
- 9.5
- PEG
- 0.66
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 1 finding−3 of −30
- −3Quality of growthH1 2026: profit +11%, but costs rose 17.9% and impairments 24.2%, almost as fast as revenue (+16.9%). Spain grew only 2.3%, and growth comes from Mexico, Turkey and South America in high-inflation currencies. EPS growth was 5% in 2025 and 7.6% TTM.
Price
Today's multiples against the company's own history and its peers. · 1 finding−8 of −35
- −8Multiples vs own historyP/B 2.17 vs 0.66–1.85 in 2021–2025 and trailing P/E 13.3 vs 5.5–11.3. The share price has risen sixfold since 2021 (4.14 → 25.18 EUR), while EPS is about 2.8x higher (0.67 → 1.89). The re-rating has more than been taken.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−5 of −35
- −2Concentration in MexicoBBVA México delivered EUR 2,979m of the group's 6,051m in H1 2026, about half of the result, from a single emerging market with tariff and peso risk.
- −2Turkey and currencyBBVA no longer expects Turkey to exit hyperinflation accounting in 2028; the inflation expectation has been raised to 30%, the cost of risk to about 220 bp and the full-year result to about EUR 1bn 'with a slight downward bias'. Each extra percentage point of inflation or devaluation costs EUR 15–20m.
- −1
Plus
Only documented strengths. · 2 findings+4 of +15
- +2Raised guidanceRoTE guidance for 2026 raised to about 21% (H1: RoTE 22.2%, cost/income 37.8%, NPL coverage 85%) on the back of Mexico and South America; guidance for cost of credit in Mexico improved to below 335 bp.
- +2Dividend and buybacksPayout ratio 47% plus a new buyback of EUR 2bn (share count −1.55% over a year); total distribution is below net profit (12.90% CET1).
Caveats
What the score does not capture, or where the data is weak.
Bank: EV, ROIC and FCF are not meaningful; valuation on P/B, P/TBV and P/E. Growth in Turkey and Argentina is measured in high-inflation currency (hyperinflation accounting), so nominal growth overstates real growth. The failed Sabadell bid (Oct 2025) has not been counted as a finding. Consensus is 'Hold', and the average price target (23.2) is below the price (25.2); upside points are formulaic and not counted here. The share count −1.55% is consistent with the buybacks; a new EUR 2bn programme started on 5 Aug 2026.
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