{"id":2668,"date":"2026-04-12T14:26:34","date_gmt":"2026-04-12T14:26:34","guid":{"rendered":"https:\/\/www.europesays.com\/spain\/2668\/"},"modified":"2026-04-12T14:26:34","modified_gmt":"2026-04-12T14:26:34","slug":"is-banco-bilbao-vizcaya-argentaria-bmebbva-still-attractive-after-doubling-over-the-past-year","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/spain\/2668\/","title":{"rendered":"Is Banco Bilbao Vizcaya Argentaria (BME:BBVA) Still Attractive After Doubling Over The Past Year?"},"content":{"rendered":"\n

Make better investment decisions<\/a> with Simply Wall St’s easy, visual tools that give you a competitive edge.<\/p>\n

If you are wondering whether Banco Bilbao Vizcaya Argentaria’s recent share price puts it at a premium or still leaves room for value, this article walks through what the numbers say about the stock.<\/p>\n

The shares recently closed at \u20ac21.45, with returns of 1.8% over the last 7 days, 5.3% over the last 30 days, 5.3% year to date, 103.3% over 1 year and a very large gain over 5 years that is more than 5x.<\/p>\n

Recent coverage of Banco Bilbao Vizcaya Argentaria has focused on its role in the European banking sector and on how investors are treating large banks in the region in light of changing interest rate expectations. This broader backdrop helps frame why some investors are reassessing both risk and potential upside in established lenders like BBVA.<\/p>\n

On Simply Wall St’s 6 point valuation checklist, Banco Bilbao Vizcaya Argentaria currently scores 3 out of 6. Next, we will look at what traditional valuation methods say about that score, before finishing with a more comprehensive way to think about the company’s value.<\/p>\n

Find out why Banco Bilbao Vizcaya Argentaria’s 103.3% return over the last year is lagging behind its peers.<\/a><\/p>\n

The Excess Returns model looks at how much profit a bank generates over and above the return that shareholders typically require. Instead of focusing on cash flows, it starts with book value and earnings power, then measures how efficiently equity is being used.<\/p>\n

For Banco Bilbao Vizcaya Argentaria, the model uses a Book Value of \u20ac10.02 per share and a Stable EPS of \u20ac2.19 per share, based on weighted future Return on Equity estimates from 17 analysts. The Average Return on Equity is 19.50%, compared with a Cost of Equity of \u20ac1.02 per share, which results in an Excess Return of \u20ac1.18 per share. The Stable Book Value used in the model is \u20ac11.25 per share, based on estimates from 12 analysts.<\/p>\n

Using these inputs, the Excess Returns valuation points to an intrinsic value of about \u20ac28.95 per share. Relative to the recent share price of \u20ac21.45, this suggests the stock is 25.9% undervalued according to this framework.<\/p>\n

Result: UNDERVALUED<\/p>\n

Our Excess Returns analysis suggests Banco Bilbao Vizcaya Argentaria is undervalued by 25.9%. Track this in your watchlist<\/a> or portfolio<\/a>, or discover 875 more undervalued stocks based on cash flows<\/a>.<\/p>\n

\"BBVA<\/a> BBVA Discounted Cash Flow as at Feb 2026 <\/p>\n

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Banco Bilbao Vizcaya Argentaria.<\/a><\/p>\n

Story Continues <\/p>\n

For a profitable bank like Banco Bilbao Vizcaya Argentaria, the P\/E ratio is a useful way to relate what you are paying for each share to the earnings that the business is currently generating. It gives you a quick sense of how the market is pricing those earnings today.<\/p>\n

What counts as a \u201cnormal\u201d P\/E will usually reflect how the market views a company\u2019s growth prospects and risk profile. Higher expected growth or lower perceived risk can justify a higher multiple, while lower growth or higher risk can point to a lower one.<\/p>\n

Banco Bilbao Vizcaya Argentaria trades on a P\/E of 12.14x, compared with the Banks industry average of 11.13x and a peer group average of 11.64x. Simply Wall St\u2019s Fair Ratio for the company is 13.08x, which is a proprietary estimate of what the P\/E could be based on factors such as earnings growth, profit margins, industry, market cap and risk. This Fair Ratio goes beyond simple peer or industry comparisons because it adjusts for those company specific characteristics rather than assuming all banks deserve the same multiple. On this basis, the current 12.14x P\/E sits below the 13.08x Fair Ratio, which indicates that the shares appear undervalued on this measure.<\/p>\n

Result: UNDERVALUED<\/p>\n

\"BME:BBVA<\/a> BME:BBVA P\/E Ratio as at Feb 2026 <\/p>\n

P\/E ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1426 companies where insiders are betting big on explosive growth<\/a>.<\/p>\n

Earlier we mentioned that there is an even better way to understand valuation, so let us introduce you to Narratives, which are simply your story about a company linked directly to your own forecasts and fair value estimate. On Simply Wall St, a Narrative lets you set assumptions for future revenue, earnings and margins, then connects that story to a financial model that produces a fair value that you can compare with the current share price to help you decide whether a stock looks appealing or not. Narratives live in the Community section on the platform, where millions of investors share and refine their views, and they update automatically when fresh information such as earnings or news is added, so your story never sits still. For example, one Banco Bilbao Vizcaya Argentaria Narrative might argue for a relatively high fair value based on stronger profitability assumptions while another might suggest a lower fair value based on more cautious earnings expectations.<\/p>\n

Do you think there’s more to the story for Banco Bilbao Vizcaya Argentaria? Head over to our Community to see what others are saying!<\/a><\/p>\n

\"BME:BBVA<\/a> BME:BBVA 1-Year Stock Price Chart <\/p>\n

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.<\/p>\n

Companies discussed in this article include BBVA.MC<\/a>.<\/p>\n

Have feedback on this article? Concerned about the content? Get in touch<\/a> with us directly. Alternatively, email editorial-team@simplywallst.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Make better investment decisions with Simply Wall St’s easy, visual tools that give you a competitive edge. If…\n","protected":false},"author":2,"featured_media":1425,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[892,148,1049,140],"class_list":{"0":"post-2668","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bbva","8":"tag-banco-bilbao-vizcaya","9":"tag-bbva","10":"tag-excess-returns","11":"tag-share-price"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/2668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=2668"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/2668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/1425"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=2668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=2668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=2668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}