Upside case
Bull case
$525708+473980.4%
KB would need investors to value it at roughly 29x earnings — about 29x more generous than today's 0x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewHoldUpdated May 1, 2026
KB Financial Group Inc. (KB) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Hold
Covering
6
analysts
2 bullish · 0 bearish · 6 covering KB
Strong Buy
0
Buy
2
Hold
4
Sell
0
Strong Sell
0
Consensus Target
—
— vs today
Scenario Range
$181267 – $525708
Model bear to bull value window
Coverage
6
Published analyst ratings
Valuation Context
0.0x
Forward P/E · Market cap $39.3B
KB price targets
Three scenarios for where KB stock could go
Current
~$111
Confidence
52 / 100
Updated
May 1, 2026
Where we are now
Current · $111
Bear
$181267
Base
$340713
Bull
$525708
Market caseClosest to today
Base case
$340713+307152.7%
At 19x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$181267+163365.4%
The bear case assumes sentiment or fundamentals disappoint enough to push KB down roughly 163365% from the current price.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
KB Financial Group Inc.
KB · NYSEFinancial ServicesBanks - RegionalDecember year-end
KB Financial Group is a major South Korean financial holding company that provides comprehensive banking and financial services through its subsidiaries. It generates revenue primarily from traditional banking operations — corporate and retail lending (roughly 60% of total revenue), securities trading, and insurance services — with additional income from credit cards and investment banking. The company's key advantage is its dominant market position in South Korea's concentrated banking sector, supported by extensive branch networks and long-standing customer relationships.
Market Cap
$39.3B
Net Income TTM
$5.84T
KB Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
58%Exceptional
12 quarters tracked
Revenue Beat Rate
92%Exceptional
vs consensus estimates
Avg EPS Surprise
+17.0%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q1 2026
Q1 2026
Q2 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q1 2026
EPS
$1.30/$1.09
Revenue
$15.7B/$3.1B
Q1 2026
EPS
$1.28/$1.09
Revenue
$3.1B/$2.6B
Q2 2026
EPS
$3.49/$3.31
Revenue
$3.4B/$3.1B
Q2 2026
EPS
$3.49/$3.48
Revenue
$1.8B/$3.2B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q1 2026 | $1.30/$1.09 | +19.3% | $15.7B/$3.1B | +397.3% |
| Q1 2026 | $1.28/$1.09 | +17.4% | $3.1B/$2.6B | +15.7% |
| Q2 2026 | $3.49/$3.31 | +5.4% | $3.4B/$3.1B | +7.5% |
| Q2 2026 | $3.49/$3.48 | +0.3% | $1.8B/$3.2B | -44.4% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$60.71T
+19.8% YoY
FY2
$80.57T
+32.7% YoY
EPS Outlook
FY1
$24915.07
+63.0% YoY
FY2
$32271.16
+29.5% YoY
Trailing FCF (TTM)-$8.38T
Next Earnings
—
Expected EPS
—
Expected Revenue
—
KB beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
KB Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2024
Total disclosed revenue $16.96T
Product Mix
Latest annual revenue by segment or product family
Segment breakdown not available for this company.
Geographic Mix
Latest annual revenue by reported region
KOREA, REPUBLIC OF
91.6%
+4.8% YoY
Tap, hover, or focus a slice to inspect segment detail.
KOREA, REPUBLIC OF is the largest reported region at 91.6%, up 4.8% YoY.
KB Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Undervalued
Fair value est. $129769 — implies +117647.0% from today's price.
Upside to Fair Value
117647.0%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
KB
10.6x
vs
S&P 500
25.2x
58% discount
vs Financial Services Trailing P/E
KB
10.6x
vs
Financial Services
13.4x
21% discount
vs KB 5Y Avg P/E
Today
10.6x
vs
5Y Average
0.0x
+241440% premium
Forward PE
0.0x
S&P 500
19.1x
-100%
Financial Services
10.5x
-100%
5Y Avg
—
—
Trailing PE
10.6x
S&P 500
25.2x
-58%
Financial Services
13.4x
-21%
5Y Avg
0.0x
+241440%
PEG Ratio
0.89x
S&P 500
1.75x
-49%
Financial Services
1.03x
-13%
5Y Avg
—
—
EV/EBITDA
6.7x
S&P 500
15.3x
-56%
Financial Services
11.4x
-41%
5Y Avg
12.7x
-47%
Price/FCF
—
S&P 500
21.3x
—
Financial Services
10.6x
—
5Y Avg
0.0x
—
Price/Sales
1.1x
S&P 500
3.1x
-64%
Financial Services
2.3x
-50%
5Y Avg
0.0x
+179064%
Dividend Yield
—
S&P 500
1.88%
—
Financial Services
2.68%
—
5Y Avg
—
—
| Metric | KB | S&P 500 | Financial Services | 5Y Avg KB |
|---|---|---|---|---|
| Forward PE | 0.0x | 19.1x-100% | 10.5x-100% | — |
| Trailing PE | 10.6x | 25.2x-58% | 13.4x-21% | 0.0x+241440% |
| PEG Ratio | 0.89x | 1.75x-49% | 1.03x-13% | — |
| EV/EBITDA | 6.7x | 15.3x-56% | 11.4x-41% | 12.7x-47% |
| Price/FCF | — | 21.3x | 10.6x | 0.0x |
| Price/Sales | 1.1x | 3.1x-64% | 2.3x-50% | 0.0x+179064% |
| Dividend Yield | — | 1.88% | 2.68% | — |
KB trades above S&P 500 benchmarks on 0 of 5 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolKB Financial Health
Verdict
Stressed
KB generates 9.6% ROE and 1.0% return on assets — the two primary signals for banking profitability. FCF-based metrics are not applicable to financial companies.
Earnings Engine
Revenue, profitability, and return on capital
Revenue (TTM)
Trailing-twelve-month sales base
—
Revenue Growth
TTM vs prior year
—
Operating Margin
Operating income divided by revenue
—
Net Margin
Net income divided by revenue
—
EPS (TTM)
Diluted earnings per share, trailing twelve months
$15287.02
ROE
Return on equity — the primary profitability signal for banks
9.6%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
4.9%
ROA
Return on assets, trailing twelve months
1.0%
Cash & Equivalents
Liquid assets on the balance sheet
$0
Net Debt
Total debt minus cash
$0
FCF Analysis
Traditional FCF and debt/FCF ratios are not meaningful for financial companies. Focus on ROE and ROA above.
ROE
Return on equity — the headline bank profitability metric
9.6%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.0%
Dividend
—
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
355M
All figures from the trailing twelve months. For financial companies, ROE and ROA are the primary health signals — FCF-based metrics are not applicable.
Open full ratios pageKB Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Macroeconomic & Geopolitical Uncertainty
Global economic uncertainties, including security concerns and sharp exchange rate fluctuations, can erode KB’s profitability. In Korea, high interest rates, high inflation, and elevated exchange rates threaten banking margins and widen credit risk exposure.
High Risk
Asset Quality & Credit Risk
KB’s conservative risk management is challenged by rising household debt and real‑estate exposure. Non‑bank subsidiaries serve borrowers on a lower credit curve, potentially weakening credit profiles during a credit downcycle.
Medium
Interest Rate Volatility
Fluctuations in interest rates directly impact KB’s Net Interest Margins (NIMs). Management forecasts only a gradual single‑digit decline, but persistent volatility could compress margins further.
Medium
Regulatory Changes & Scrutiny
Evolving regulations and increased regulatory scrutiny pose significant operational risks. Changes could increase compliance costs and limit product offerings, affecting profitability.
Medium
Fintech Competition
KB faces intense competition from fintech disruptors, pressuring traditional banking services. The group’s digital transformation initiatives aim to counteract this threat but may require substantial investment.
Medium
Overseas Subsidiary Performance
Performance of overseas banking subsidiaries in Indonesia and Cambodia presents challenges. Currency volatility and local market dynamics could impact profitability and capital adequacy.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why KB Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Tight Housing Supply & High Demand
KB Home faces a persistent shortage of housing in high‑demand areas, while its focus on energy‑efficient homes is expected to support both revenue growth and profit margins.
Build‑to‑Order Model Shift
The company is returning to a build‑to‑order (BTO) model, which historically yields higher gross margins than its average construction projects, thereby improving overall profitability.
15‑Year High Backlog Guidance
In early 2021, KB Home’s order backlog reached a 15‑year high, providing strong guidance for future revenue and earnings growth.
Capital Markets Non‑Interest Income Surge
KB Financial Group has diversified its business, with a notable surge in non‑interest income driven by capital‑markets activities, positioning the firm more toward capital‑market‑oriented operations.
Efficient Cash Conversion Ratio
The financial group demonstrates highly efficient cash conversion, reflected in a strong free‑cash‑flow to operating‑cash‑flow (FCF/OCF) ratio.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
KB Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$110.89
52W Range Position
84%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$65.31
+69.8% from the low
52-Week High
$119.71
-7.4% from the high
1 Month
+10.92%
3 Month
+5.98%
YTD
+28.6%
1 Year
+66.9%
3Y CAGR
+43.5%
5Y CAGR
+16.5%
10Y CAGR
+14.5%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
KB vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
0.0x
vs 0.1x median
-93% below peer median
Revenue Growth
+19.8%
vs +1.9% median
+932% above peer median
Net Margin
—
vs — median
Peer median unavailable
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
KB KB KB Financial Group Inc. | $39.3B | 0.0x | +19.8% | — | Hold | — |
SHG SHG Shinhan Financial Group Co., Ltd. | $34.1B | 0.0x | +1.9% | — | Buy | — |
WF WF Woori Financial Group Inc. | $16.8B | 0.0x | -0.6% | — | Buy | — |
HDB HDB HDFC Bank Limited | $196.1B | 0.2x | +8.2% | — | Hold | — |
IBN IBN ICICI Bank Limited | $95.7B | 0.2x | +12.4% | — | Buy | — |
MFG MFG Mizuho Financial Group, Inc. | $108.9B | 0.1x | -1.2% | — | Hold | +13.0% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
KB Dividend and Capital Return
KB does not currently return meaningful capital to shareholders.
Dividend UnknownFCF Unknown
Total Shareholder Yield
0.0%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
—
Payout Ratio
—
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$2.85
Growth Streak
Consecutive years of dividend increases
1Y
3Y Div CAGR
4.0%
5Y Div CAGR
9.9%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
355M
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.90 | — | — | — |
| 2025 | $2.51 | -11.3% | 0.0% | 0.0% |
| 2024 | $2.83 | +143.6% | 100.0% | 100.0% |
| 2023 | $1.16 | -47.9% | 100.0% | 100.0% |
| 2022 | $2.23 | -8.1% | 0.0% | 100.0% |
FAQ
6 questionsKB Investor Questions
Common questions answered from live analyst data and company financials.
01Is KB Financial Group Inc. (KB) stock a buy or sell in 2026?
KB Financial Group Inc. (KB) is rated Hold by Wall Street analysts as of 2026. Of 6 analysts covering the stock, 2 rate it Buy or Strong Buy, 4 rate it Hold, and 0 rate it Sell or Strong Sell. The bear case scenario is $181267 and the bull case is $525708.
02Is KB Financial Group Inc. (KB) stock overvalued in 2026?
KB trades at 0.0x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals significantly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
03What are the main risks for KB Financial Group Inc. (KB) stock in 2026?
The primary risks for KB in 2026 are: (1) Macroeconomic & Geopolitical Uncertainty — Global economic uncertainties, including security concerns and sharp exchange rate fluctuations, can erode KB’s profitability. (2) Asset Quality & Credit Risk — KB’s conservative risk management is challenged by rising household debt and real‑estate exposure. (3) Interest Rate Volatility — Fluctuations in interest rates directly impact KB’s Net Interest Margins (NIMs). Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
04What is KB Financial Group Inc.'s revenue and earnings forecast?
Analyst consensus estimates KB will report consensus revenue of $60.71T (+19.8% year-over-year) and EPS of $24915.07 (+63.0% year-over-year) for the upcoming fiscal year. The following year, analysts project $80.57T in revenue.
05When does KB Financial Group Inc. (KB) report its next earnings?
A confirmed upcoming earnings date for KB is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
06How much free cash flow does KB Financial Group Inc. generate?
KB Financial Group Inc. (KB) had a free cash outflow of $8.38T in free cash flow over the trailing twelve months. KB returns capital to shareholders through and share repurchases ($0 TTM).