Nedbank Group

JNB:NED · ZAE000004875

BanksMedium

360

Value59

Profit price17

Cash yield93

Sales & asset price81

Price/Sales93

EV / Gross Profit82

Price/Book67

Quality17

Returns on capital31

Profit margins—

Cash backing14

Cash Conversion9

Accruals23

Owner Earnings Margin9

Growth52

Sales growth60

Profit growth33

Profit Growth49

Long-Term EPS Growth47

Owner Earnings Growth4

Reinvestment84

Price momentum41

Safety38

Debt load60

Debt serviceability83

Liquidity8

Sentiment49

Analyst ratings9

Expectations trend63

Opinion Changes50

Price Target Upside75

Market mood61

Value Creation7/20creating some value

Creates more value than its capital costs
Owner earnings growing
Owner earnings per share growing
Reinvests at strong returns
Solid earnings base

What this means

Nedbank Group clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountrySouth Africa

IndustryBanks

SizeMedium

TypePublic Company

ExchangeJSE

Founded1966

Employees22,581

Websitenedbank.co.za/content/nedbank/desktop/gt/en/investor-relations.html

ISINZAE000004875

Last UpdateApr 2, 2026

Indices

JSE All Shares (South Africa)

Description

Nedbank Group Limited provides various wholesale and retail banking services. It operates through a diverse range of banking sectors, including corporate, investment, retail, and business banking. Business Segments Corporate and Investment Banking…

Analysis

Weak and unloved

Nedbank Group Limited scores below average on quality and is priced accordingly, a low-conviction position in either direction.

On valuation, the picture is fair. The owner-earnings multiple stands at 17.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 5% a year, against analyst forecasts of 7%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is stretched. The company scores 7/20 on our value-creation score: creating some value.

Flags to be aware of: Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250

2023202420252026

All-time high

Jun 2026

All-time low

Jan 2023

Average rank

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023

Price/Sales

Price/Earnings

Price/Book

Dividend Yield

Value (overall)

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View

1 · Watch OutGood· 100

Value

1 · ExpensiveGood Value· 100

Quality

1 · Weak FundamentalsHigh Quality· 100

Growth

1 · Tough TimesHigh Growth· 100

Safety

1 · High LeverageWell-Financed· 100

Sentiment

1 · SkepticismPositive· 100

Learn More →