Optima bank stock: fair value
OPTIMA.ATThe fair value of Optima bank under our model is $11.84, the price is 38% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Modestly overvaluedIn our model the price counts as cheap below $9.11 and expensive above $16.91 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $11.83 (excess return model) and $11.85 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 9.1%. At 10.1% the fair value would be $10.95, at 8.1% it would be $13.11.
Where the number comes from
Half from the excess return model, half from earnings times the industry P/E (12.2).
Excess return model for banks and insurers: book value plus the value of returns above the cost of equity of 9.1% (government bond yield 3.5% plus beta 0.8 times a risk premium of 7.1%).
Calculate with your own assumptionsThe calculation step by step
With these figures the excess return model arrives at $11.83 per share: book value plus the value of what the company earns above its cost of equity over time. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Step | Value |
|---|---|
| Book value per share | $4.00 |
| Stable earnings per share (book value × median return on equity of the last five fiscal years) | $0.81 |
| Return on equity in the model (median of the last five fiscal years) | 20.2% |
| Cost of equity | 9.1% |
| Excess return per share: (return − cost) × book value | $0.44 |
| Terminal value of excess returns: excess return / (9.1% − 3.5%) | $7.83 |
| Value per share (book value plus terminal value) | $11.83 |
| Earnings per share, last twelve months | $0.97 |
| × 12.2 (industry P/E) | $11.85 |
| Fair value (average of both parts) | $11.84 |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 6 Feb 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.