3 models fit UBS Group AG Registered Ordinary Shares and they partly agree: 2 of 3 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Premium(i)Bronze55
Valued as a bank: Residual income, P/E comparison, Dividend discount, and Graham number.
ACCE opinionUBS Group AG Registered Ordinary Shares (UBS)
Fair value (3 models)
$36.70
ACCE price target
$52.00
Rating
Overvalued
Horizon
12 months
Fair value published on 11 Oct 2026, 00:00 CEST; previously $27.50 since 5 Oct 2026, 00:00 CEST.
ACCE price target published on 17 Sept 2026, 00:00 CEST.
Rating published on 19 Oct 2026, 19:04 CEST.
Price used: $46.37 at the close on 23 Oct 2026, 22:00 CEST.
Models: Dividend discount, Graham number, P/E comparison, and Residual income.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
26.4% above
-20.9% to fair value
ACCE score
68
out of 100
Analysts
33% buy
3 covering
P/E
15.8x
forward 11.6x
1-year return
+21.3%
Dividend yield
2.35%
UBS Group AG Registered Ordinary Shares in four questions
Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
Overview
ACCE thesis
UBS operates a global investment bank, wealth management platform serving ultra-high-net-worth clients, and Swiss retail banking franchise. The wealth management division manages $5 trillion in invested assets and generates recurring fee income with minimal capital requirements, creating a structural moat against cyclical downturns. Net new money inflows into wealth management have accelerated to $71 billion in the first half of 2024, driven by geopolitical uncertainty pushing capital toward established Swiss institutions. The forward PE of 11.6x trades at a discount to global diversified banks despite ROE of 10.7% and operating margins of 31%, reflecting market skepticism about post-acquisition integration and regulatory capital requirements. At current valuations, the wealth management franchise alone justifies a meaningful portion of the enterprise value, leaving investment banking and Swiss retail as optionality.