Ascory Bank AG is a small German regional lender with a 26M EUR market cap, earning a 12.4% operating margin on revenue that shrank 10.4% last year. The 11.1x trailing P/E sits against a 2.9% ROE, so the market is pricing the earnings base at a discount to what the bank returns on its equity. The case for a closer look rests on whether the current margin can hold while revenue stabilises, since the 99.3% gross margin reflects how banks report, not operating leverage. The stock has no index membership and no forward estimates in the data, so the first task is establishing what drove the revenue decline and whether it reflects lending volume, rate pass-through or fee loss. Until those are answered, the low multiple is more a question than a signal.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
Trades are only made public after a delay. We show the delay so you know how old the news is.
Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:53 CEST | ACCE price target | €2.10 | first publication | €2.56 |
| 22 Oct 2026, 14:04 CEST | Fair value | €1.69 | first publication | €2.58 |
| 22 Oct 2026, 14:04 CEST | Rating | Overvalued | first publication | €2.58 |
Answered from Ascory Bank AG fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| VG80.DE Ascory Bank AG | €2.52 | €2 | 49% above | 11.0x | 2.9% | 62 | 40 |
| BPAT.BA Banco Patagonia | ARS 1775.00 | - | - | 10.1x | 5.9% | 74 | 62 |
| BBAR.BA BBVA Banco Frances SA | ARS 7240.00 | - | - | 11.0x | 8.1% | 71 | 68 |
| BMA.BA Banco Macro SA B | ARS 10870.00 | - | - | 15.4x | 7.1% | 79 | 57 |
| BOGOTA.CL Banco de Bogota | COP 38240.00 | - | - | 9.0x | 9.2% | 61 | 49 |
| PFDAVVNDA.CL Davivienda Group preferred | COP 28740.00 | - | - | 8.2x | 10.3% | 53 | 82 |
| ITAUCL.SN Banco Itau Chile | CLP 22500.00 | - | - | 12.3x | 9.4% | 81 | 71 |
Where VG80.DE ranks against its sector peers on each metric.