On 12 Nov 2026 our base value for Fifth Third Bancorp is $37.47 a share, 30.5% below its $53.90 close; 0 of 2 valuation methods put it above the price.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | — | — | not used for banks and lenders: deposits and loans are the business, so free cash flow does not describe it; see tangible book |
| Exit multiple (P/E) | $41.92 | -22.2% | earnings per share $3.03 valued at 10.2× (the stock's own median P/E) in 5 years, discounted back |
| Sum of the parts | — | — | no sum of the parts: this run holds no segment disclosure for the name |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | $33.03 | -38.7% | tangible book $18.22 a share at 1.813× |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
Earnings per share grow on the same fading path as the DCF:
| Year | Growth | Earnings per share |
|---|---|---|
| Now | — | $3.03 |
| Year 1 | 25.44% | $3.80 |
| Year 2 | 19.83% | $4.56 |
| Year 3 | 15.62% | $5.27 |
| Year 4 | 12.47% | $5.92 |
| Year 5 | 10.10% | $6.52 |
| Earnings per share in year 5 | $6.52 |
| Exit P/E (the stock's own median P/E) | 10.2× |
| Value in 5 years = earnings × P/E | $66.52 |
| Discounted at 9.68% over 5 years: ÷ 1.5869 | $41.92 |
| Shareholders' equity | $21.72bn |
| Less goodwill | $4.95bn |
| Less other intangibles | $69.00m |
| Tangible equity | $16.71bn |
| Shares | 917.10m |
| Tangible book per share | $18.22 |
| Profit attributable to shareholders | $2.52bn |
| Return on tangible equity = profit ÷ tangible equity | 15.10% |
| Cost of equity (the discount rate) | 9.68% |
| Growth (the terminal rate) | 3% |
| Justified price to tangible book = (15.10% − 3%) ÷ (9.68% − 3%) | 1.81× |
| Value per share = multiple × tangible book per share | $33.03 |
The base value is the average of the methods kept in it:
| Method | Value |
|---|---|
| Exit multiple (P/E) | $41.92 |
| Tangible book | $33.03 |
($41.92 + $33.03) ÷ 2 = $37.47
Base value $37.47 a share
One-year price simulation: a 10% chance the price is below $43.77 and a 10% chance it is above $76.57 in a year; a 63% chance it is higher than today's $53.90, from 21.71% volatility. The simulation assumes the price drifts up at our discount rate of 9.68% a year.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $50.87 | $25.50 |
| 9 Oct 2026 | $50.64 | $24.84 |
| 16 Oct 2026 | $50.37 | $32.60 |
| 23 Oct 2026 | $52.98 | $37.89 |
| 30 Oct 2026 | $53.87 | $38.29 |
| 6 Nov 2026 | $53.04 | $38.40 |
| 12 Nov 2026 | $53.90 | $37.47 |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
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