ASX · NAB.AX
National Australia Bank Limited
Financial Services · Banks - Diversified
A$38.50▲ 1.61% (A$0.61)at close
As of 2:18 AM ET
Market cap
A$117.86B
Valuation
P/E Valuation
Verdict: expensive. Price above all scenarios.
Estimated value / share · Base
A$35.58
−8%Price vs. estimate range
Assumption scenarios, not confidence intervals
Bear A$31.89, Base A$35.58, Bull A$30.03; price used A$38.50
Bear A$31.89, Base A$35.58, Bull A$30.03; price used A$38.50
- P/E multiple
- 17.9×
- Earnings basis
- Trailing EPS
AUD · Trailing earnings · Price Oct 2, 6:18 AM UTC
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 13.33% over the last year. Income grew 38% over the trailing twelve months. Operating margin moved from 53.44% to 41.59%.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.
What would invalidate this read
This read changes if operating margin (currently 41.59%) continues to decline, or if income growth turns negative. The bull case requires the business to hold its current trajectory.
Return analysis
Company profile
National Australia Bank Limited (NAB) is a prominent financial institution delivering a broad spectrum of services to individual and business clients across Australia, New Zealand, and internationally.
Market multiples
Stock splits
Every 500 shares became 507
Every 250 shares became 259
Every 625 shares became 638
Every 10000 shares became 10397
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 5, 2026
Q3 FY26 · EPS est A$1.19 · Revenue est A$11.17B
View