| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 64 | 10.4x | 17.3x | Around median | |
Growth | 43 | 11.0% | 7.1% | Around median | |
Quality | 92 | — | — | Top tier | |
Safety | 11 | — | — | Bottom tier | |
Capital Return | 82 | 1.57% | 0.06% | Top tier | |
Momentum | 77 | 44.7% | -1.6% | Top tier | |
Sentiment | 75 | 12 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Banco Bilbao Vizcaya Argentaria, S.A., listed under the ticker BBVA on NYSE, is a bank operating across multiple markets whose business relies on lending, deposit gathering, payment services, asset management, and corporate and investment banking. Spain and Mexico are its two largest markets, while its operations also include Turkey, markets in South America, and two digital banks in Italy and Germany. Its business model combines interest income and service fees, with a focus on consumer loans, credit cards, and financing for private companies.
In quarter 2 of fiscal year 2026 ended 2026-06-30, net profit attributable to shareholders reached 3.062 billion euros, up 11.4% compared with the same quarter of the previous fiscal year and 2.4% compared with the previous quarter. Earnings per share rose 15.2% compared with the same quarter of the previous fiscal year, supported by completed share buybacks. Net profit attributable to shareholders in the first half of fiscal year 2026 ended 2026-06-30 reached approximately 6.051 billion euros, with a return on tangible equity of 22.2% and a return on equity of 21.1%.
The loan portfolio grew in quarter 2 of fiscal year 2026 ended 2026-06-30 by 17.7% compared with the same quarter of the previous fiscal year at constant exchange rates; growth reached 7.4% in Spain and nearly 10% in Mexico. The Common Equity Tier 1 CET1 ratio reached 12.90% at the end of the period, despite lending growth and distributions consuming part of the capital generated. For completed fiscal years, net income reached 11.1 billion euros in fiscal year 2025 ended 2025-12-31, compared with 10.6 billion euros in fiscal year 2024 ended 2024-12-31.
When: 2026-10-29
Loan growth at constant exchange rates relative to the 17.7% annual threshold
Common Equity Tier 1 CET1 ratio relative to the 12.90% threshold
The industry-multiple valuation is 18 dollars, within a range of 16 dollars to 20 dollars, based on book value and a median multiple of 1.6 across 16 companies. This method measures the book value of shareholders' equity when priced at a multiple comparable to peers, so its interpretation is linked to the sustainability of BBVA's profitability and the quality of its assets. Analyst consensus favors buying, but this stance does not represent a numerical price target that can be compared with the industry-multiple valuation.
Figures in the text are as of 2026-10-20; the live price is shown at the top of the page.
BBVA relies on lending and deposits, alongside fees from payments, asset management, and corporate and investment banking. Spain and Mexico are its two largest markets, and lending in those markets grew during quarter 2 of fiscal year 2026 ended 2026-06-30 by 7.4% and nearly 10%, respectively, compared with the same quarter of the previous fiscal year. Growth was concentrated in consumer loans, credit cards, and financing for private companies, segments that management describes as profitable.
Net profit attributable to shareholders reached 3.062 billion euros in quarter 2 of fiscal year 2026 ended 2026-06-30, up 11.4% compared with the same quarter of the previous fiscal year. Earnings per share rose 15.2% over the same comparison period, as completed share buybacks helped accelerate per-share growth. The improvement therefore combines higher total profit with the effect of a lower share count, while growth in lending activity remains a key element in sustaining earnings.
Automated analysis for informational purposes only — not investment advice.
Cost of risk relative to the 143 basis point threshold
The CET1 ratio reached 12.90% by the end of quarter 2 of fiscal year 2026 ended 2026-06-30, an increase of 7 basis points during the quarter. However, growth in risk-weighted assets consumed 41 basis points, while the accrual of distributions and coupons on Additional Tier 1 instruments consumed 40 basis points. Management announced an extraordinary buyback program worth 2 billion euros, with 2026-08-05 set as the start date for an initial tranche worth 1 billion euros. The ability to combine expansion and distributions remains linked to continued capital generation from earnings.
The cost of risk reached 143 basis points in the first half of fiscal year 2026 ended 2026-06-30, compared with 154 basis points in the previous quarter. The improvement benefited partly from a portfolio sale in Spain, so it does not entirely reflect a change in underlying provisioning requirements. Management pointed to elevated levels in retail portfolios in Turkey and Argentina, while expecting the cost of risk to remain around its reported level through the end of fiscal year 2026.
The expected earnings announcement date is 2026-10-29, providing an opportunity to assess whether lending growth continues after rising 17.7% at constant exchange rates in quarter 2 of fiscal year 2026 ended 2026-06-30 compared with the same quarter of the previous fiscal year. The CET1 ratio of 12.90% at the end of that quarter also stands out as a benchmark for the bank's ability to finance growth and distributions. In terms of profitability, return on tangible equity guidance of approximately 21% for fiscal year 2026 merits monitoring, particularly after management indicated that second-half earnings could decline slightly because of Turkey.