Is the Bank of Queensland Limited share price a good value?

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BOQ Intrinsic Stock Value – The Bank($ASX:BOQ) of Queensland Limited share price has been on a rollercoaster ride over the past year. One key metric that value investors look at is the price-to-earnings ratio. The lower the P/E ratio, the cheaper the shares are considered to be. This is not particularly cheap, especially when compared to the P/E ratios of some of BOQ’s rivals such as Westpac Banking Corporation and National Australia Bank Ltd. .

However, it’s worth noting that BOQ’s shares are trading at a significant discount to their book value. This suggests that there is significant value in BOQ’s shares at current levels. For value investors, BOQ could be worth a closer look.

Price History

On Monday, the stock opened at AU$6.7 and closed at AU$6.6, down by 1.5% from its last closing price.

VI Analysis – BOQ Intrinsic Stock Value

The company’s financial performance reflects its long-term potential, as indicated by the following simple analysis using the VI app. The current share price of AU$6.6 represents a discount of 15% to the fair value, making it an attractively-priced stock.

Summary

The result was driven by strong growth in home loan and business lending, as well as higher interest margins. Overall, it was a solid result in what has been a challenging year for the banking sector. One thing that stands out is the bank’s strong capital position.

This gives the bank plenty of headroom to continue growing its loan book without needing to raise additional capital. This is well below the industry average and is a testament to the quality of the bank’s loan book.