Rankings Financial data & insurance broking Société Générale
Société Générale
95
15070100
A view of the same findings, not a new score. How it works
In the 70+ zone: a score above 70 with more than 20% upside to the median analyst target.
Biggest deductions
- Multiples vs own history−6
- Profitability−4
- Quality of growth−3
Strengths
- Dividend and buybacks+3
- Raised guidance+2
How the score is built
From 100 to 95, 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
- 61.02 EUR
- Median analyst target
- 89.75 EUR
- Upside to median
- +47.1%
- Analysts
- 20
- Target range
- 72.60 – 103.00 EUR
- 52-week change
- +11%
- P/E (trailing)
- 7.5
- Forward P/E
- 6.8
- PEG
- 0.42
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 3 findings−9 of −30
- −4ProfitabilityROE 9.5% TTM after 3.8–9.2% in 2021–2025; RoTE 12.0% in H1 and only about 11% as the 2026 target, and cost/income 58.6% in Q2 is the weakest among the large French banks and far from Nordic levels (40–45%).
- −3Quality of growthRevenue is largely unchanged since 2021 (25.7bn vs 26.1bn TTM, +0.6%); the EPS lift comes from cost savings (−5% in H1), low losses and buybacks. In French retail, lending fell 2% and deposits 3%, and the 14.9% NII growth is based on the Livret A restructuring, which management itself expects to fade.
- −2Earnings stabilityEPS fell from 5.97 in 2021 to 1.49 in 2022 and 2.17 in 2023 (Russia exit and restructuring), before the turnaround to 7.59 TTM; the track record for the current earnings level is only two years, and FICC revenue fell 11% in Q2.
Price
Today's multiples against the company's own history and its peers. · 1 finding−6 of −35
- −6Multiples vs own historyP/B 0.64 vs 0.25–0.36 in 2021–2024 and 0.65 in 2025 (record level); dividend yield 2.3% vs 4.1–8.5% in 2021–2024. The share price has risen from 25.88 to 70.63 EUR since the end of 2024 (+173%), while EPS has risen from 4.38 to 7.59 (+73%). The re-rating from a deep discount has been taken.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 4 findings−6 of −35
- −2Ayvens and used-car pricesAyvens' revenue fell 4.9% at constant exchange rates in H1 on normalised used-car prices, and the result per car sold was near the bottom of management's range of EUR 200–600; prices remain volatile.
- −2French government debt and politicsFrench banks fell 3–4% on 27 Aug. on concern over public finances: 10-year OAT yield about 4.1%, spread to Germany about 88bp and a proposal for a tax on dividends and buybacks before the presidential election. The stock has fallen from about 76.6 (50-day average) to EUR 70.6.
- −1Capital bufferCET1 13.2% after the extraordinary buyback, about 290 bp above the requirement, and the goal is to stay close to 13%; thinner than the Nordic banks (about 17%).
- −1
Plus
Only documented strengths. · 2 findings+5 of +15
- +3Dividend and buybacksDividend 1.2bn + buybacks EUR 2.3bn (TTM) = 3.5bn, and with the extraordinary buyback of 1.5bn from Aug 2026 about 5.0bn, still below net profit of 5.7bn; share count −4.8% over a year and interim dividend +23% to EUR 0.75.
- +2Raised guidanceRecord H1 with net income of 3.5 bn EUR (+13.9%); 2026 RoTE target raised to about 11% (from over 10%) and the cost decline to about −4% (from −3%).
Caveats
What the score does not capture, or where the data is weak.
Bank: EV, ROIC and FCF are not meaningful (stockanalysis shows capex of EUR 8.8bn, which is Ayvens' leasing cars); valuation on P/B and P/E, and the payout is held against net profit. The trailing P/E history (5.1–16.0) is distorted by the Russia loss in 2022; P/B is used as the main multiple. Peers: P/B 0.64 and forward P/E 8.3 at ROE 9.5% are in line with BNP Paribas (0.78/7.9/10.5%) and Deutsche Bank (0.73/8.5/8.9%), so no peer deduction. Consensus EPS is adjusted. The Capital Markets Day on 21 Sep set targets of RoTE 13–14% in 2029 and over 15% in 2030; execution is unproven. Compliance history and the BoursoBank strategy have not been investigated in depth. Q3 results 29 Oct.
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