Banco Santander, S.A. (SAN)

Market price: $11.78

5 valuation methods

• Dividend Discount Model (DDM): $3.10 to $5.10 (midpoint $3.86)
• P / E — normalized: $6.90 to $10.83 (midpoint $9.07)
• P / B: $10.55 to $17.06 (midpoint $13.65)
• P / Tangible Book: $11.26 to $17.68 (midpoint $14.84)
• P / E: $12.87 to $20.33 (midpoint $15.00)