Stock · SAN.MC · Financial Services

Banco Santander S.A.

Spain · Large Cap · listed since 1987 · Revenue 12 mo. €74.4B

Price as of 11/06/2026

StockScorer score
5.5
of 10 6 of 11 points Not rated To the score
Price
€10.70
1 Y +10.0%
Market cap
€150.2B

Banco Santander, S.A. provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide.

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Banco Santander, S.A. provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide. The company operates through five segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services. The company also provides credit and debit cards, real estate loans, microfinance, and auto loans; corporate and investment banking services; advice on mergers and acquisitions; wealth, asset, and risk management services; and digital payments and technology solutions. In addition, it is involved in the securitization, leasing, management of portfolios, e-commerce, air transport, aircraft rental, software, consulting, fund and investment management, renewable energy, vehicle rental, insurance, advertising, marketing, telemarketing, automotive, agricultural, factoring, securities brokerage and investment, pension fund management, trade intermediary, venture capital fund, renting, restaurant, electricity production, IT, internet, and financial advisory and other activities; management, and other real estate activities; and purchase and sale of vehicles. Further, the company offers mobile and online banking services. Banco Santander, S.A. was formerly known as Banco Santander Central Hispano SA and changed its name to Banco Santander, S.A. in February 2007. The company was incorporated in 1856 and is headquartered in Madrid, Spain.

Original text from the data provider

Summary

Banco Santander S.A. is around the middle of the Financial Services sector overall

44.6 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires a lasting 13.9% return on equity, more than the average of the last 5 and 10 years.

Book value €97.5B, market value €150.2B (P/B 1.5). At a 9% discount rate, the premium over book value only pays off with a lasting 13.9% return on equity.

Required return on equity per year

13.9%

no perpetual growth

Market value breakdown€150.2B market value, price as of 11/06/2026

€97.5B book value
€52.8B premium over book value
  • ROE 5-yr avg 11.6%
  • ROE 10-yr avg 7.6%
  • required 13.9%

Valuation against its own history

Price to book 1.54×, above its usual range.

Middle half of 20 quarters: 0.63× to 0.97×, median 0.73×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

No sign supports the expectation, 1 speaks against it.

What supports it

with respect to the priced-in expectation

No indication in the stored figures.

What speaks against it

with respect to the priced-in expectation

  • Expectation above the company's own record priced in 13.9%, achieved at most 11.6%

Since the last quarter

Q1 → Q2 2026

A calm quarter: no figure moved noticeably.

4 more unchanged: Revenue, 12 mo., EBIT margin, Shares outstanding, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability41.6around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity13.67%12.46%Rank 57
Return on capital (Greenblatt)8.84%59.04%Rank 22
EBIT margin15.65%23.06%Rank 26
FCF margin65.06%19.82%Rank 88
Gross margin39.79%65.53%Rank 15
Growth54.3around the middleGrows about as fast as the sector.
MetricStockSector medianPosition in sector
Revenue growth, 1 year−4.90%7.39%Rank 17
Earnings growth, 3 years per year18.62%15.20%Rank 59
Earnings growth, 5 years per yeardoes not count towards the rank–15.17%
Sustainable growth (ROE × retained earnings)4.90%1.25%Rank 88
Valuation75.4above the middleValued lower than the sector: FCF yield 51.70%, sector 7.16%.
MetricStockSector medianPosition in sector
Earnings yield8.87%6.47%Rank 81
FCF yield51.70%7.16%Rank 97
EV/saleslower is better1.792.82Rank 61
EV/EBITlower is better11.4214.24Rank 63
Momentum29.1below the middleShare price doing worse than the sector: Share price, 3 months −11.68%, sector 0.45%.
MetricStockSector medianPosition in sector
Share price, 1 year10.00%7.80%Rank 54
Share price, 6 months2.68%8.71%Rank 28
Share price, 3 months−11.68%0.45%Rank 5
Distance from 52-week high−17.42%−10.68%Rank 29
Quality45.5around the middleQuality about like the sector.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better1.53%1.23%Rank 45
Change in share countlower is better−4.48%−0.60%Rank 84
Dividend streak in years45Rank 48
Price reaction to results, market-adjusted−5.82%0.00%Rank 5
Balance sheet & risk21.5below the middleMore risk than the sector: Debt to equity 5.05, sector 0.90.
MetricStockSector medianPosition in sector
Equity ratio5.52%9.21%Rank 22
Net debt/EBITDAlower is better2.890.12Rank 28
Debt to equitylower is better5.050.90Rank 7
Volatility, 1 yearlower is better31.71%25.95%Rank 30

Ten years in figures

Revenue from €45.7B (2016) to €119.4B (2025), 11.3% a year.

Fiscal years, amounts in EUR
YearRevenue, €BNet income, €BReturn on equityShares
201645.76.26.8%15.0B
201749.66.67.0%16.1B
201849.77.88.1%16.9B
201952.36.56.5%17.1B
202060.5−8.8−10.8%17.3B
202139.08.19.4%17.3B
202287.09.610.8%16.9B
2023117.811.111.6%15.9B
2024125.512.612.8%15.6B
2025119.414.113.7%14.9B
5.5 / 10Not ratedStockScorer score6 of 11 points

4 of 7 StockScorer Score rules met · How the score is built

Banco Santander S.A. mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 50%This stock · Valuation: 100%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Banco Santander S.A.'s score is built

This is how the StockScorer Score strategy, the flagship rule set, calculates the points for Banco Santander S.A. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

4 of 7 rules met

6 of 11 points

The rule “Exclusion: financial and real estate stocks” applies. The stock is therefore not rated regardless of the points scored.

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.met1 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksapplies

Detail data

How does Banco Santander S.A. stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Moat Quality
  • Levermann Strategy (13 Criteria)
  • Defensive: Low Volatility
  • High-Growth / Rule of 40
  • Altman Z-Score: Stress Test
  • Magic Formula: Value + Quality
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Dividend Aristocrats & Continuity
  • Earnings Quality: Accrual Check (Sloan)
  • Balanced GARP
  • PEG Strategy (inspired by Peter Lynch)
  • Growth Momentum (CAN SLIM principle)

Banco Santander S.A. key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Banco Santander S.A.

MetricStockSector
P/E ratio11.315.2
P/B ratio1.51.8
Return on equity (ROE)13.7%12.5%
Equity ratio5.5%9.2%
Debt-to-equity (D/E)5.050.90
Dividend yield2.4%3.3%

Similar stocks in Financial Services

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
SAN.MCBanco Santander S.A.this page
BBVABanco Bilbao Viscaya Argentaria SA ADRlocked
SMFGSumitomo Mitsui Financial Group Inclocked
UBSG.SWUBS Group AGlocked
CBA.AXCommonwealth Bank of Australialocked
CCitigroup Inc.locked

Frequently asked questions about Banco Santander S.A. stock

How does Banco Santander S.A. stock (SAN.MC) score in the StockScorer model?
Banco Santander S.A. stock reaches a StockScorer score of 5.5 out of 10, but is not rated (exclusion rule: Exclusion: financial and real estate stocks).
What is Banco Santander S.A.'s P/E ratio?
Banco Santander S.A.'s P/E ratio is 11.3. The Financial Services sector median is 15.2.
What sector is Banco Santander S.A. in?
Banco Santander S.A. is assigned to the Financial Services sector. Its rank within the sector is 44.6 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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