Markets now expect euro overnight rates to average about 3.1% in 2027, a full percentage point higher than they priced in a year ago. KBC's loans are also growing about 7% a year, faster than we assumed. Management has raised its 2026 net interest income guidance by about 5%.
KBC has a dominant market share in both Belgium and the Czech Republic in banking, insurance, and investment products.
The large contribution from Central and Eastern European emerging-market economies increases risk.
|
Metric
|
KBC
|
ING
|
ACA
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.70 | 11.92 | 7.51 |
Price/Book Value | 1.80 | 1.62 | 0.59 |
Price/Sales | 3.46 | 3.42 | 1.83 |
Price/Cash Flow | 9.84 | 6.32 | 0.92 |
|
Metric
|
KBC
|
ING
|
ACA
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
KBC
|
ING
|
ACA
|
|---|---|---|---|
Return on Assets (Normalized) | 0.96% | 0.64% | 0.29% |
Return on Equity (Normalized) | 15.28% | 14.13% | 8.87% |
Return on Invested Capital (Normalized) | — | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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United States