St. Galler Kantonalbank stock: fair value
SGKN.SWThe fair value of St. Galler Kantonalbank under our model is $694.72, the price is 25% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $578.94 and expensive above $868.41 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $818.20 (excess return model) and $571.25 (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 5.6%. At 6.6% the fair value would be $626.54, at 4.6% it would be $797.00.
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 5.6% (floor: government bond yield 0.6% plus 5 percentage points, since beta 0.8 times the risk premium would give less).
Calculate with your own assumptionsThe calculation step by step
With these figures the excess return model arrives at $818.20 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 | $625.71 |
| Stable earnings per share (book value × median return on equity of the last five fiscal years) | $44.66 |
| Return on equity in the model (median of the last five fiscal years) | 7.1% |
| Cost of equity | 5.6% |
| Excess return per share: (return − cost) × book value | $9.62 |
| Terminal value of excess returns: excess return / (5.6% − 0.6%) | $192.49 |
| Value per share (book value plus terminal value) | $818.20 |
| Earnings per share, last twelve months | $46.71 |
| × 12.2 (industry P/E) | $571.25 |
| Fair value (average of both parts) | $694.72 |
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 = CHF 0.8331)
- 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 30 Nov 2020)
- Valuation signal Overvalued since 12 Nov 2026, previously Fairly valued
- 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.