M&T Bank Corporation — Intrinsic Value & Fair Price

MTB

NYSEFinancial ServicesBanks - RegionalCIK 0000036270mtb.comAbout MTB

Valuation grade ?A

Quant grade ?–not graded

Last close · Oct 30, 2026220.72−3.35 (−1.50%)

Valuation models

price $220.72 · as of Nov 2, 2026

P/TBV · justifiedused208.92 – 278.56238.778% undervalued P/E · peers214.26 – 302.18232.685% undervalued P/E · own history198.83 – 241.61225.422% undervalued PEG—272.6419% undervalued Dividend discount91.06 – 234.47135.8562% overvalued Wall St. consensus target—247.5011% below Cost of capital (WACC)—9.05%—

P/TBV · justified leads for a bank. How the headline model is chosen.

engine build:07a9d3f952ed

Model value · P/TBV · justified

238.77

M&T Bank closed at $220.72 — undervalued by 8% vs model.

208.92the model's range278.56

P/TBV · justified leads for a bank. From the justified price to tangible book.

Other models

135.85 – 272.64

Wall St. target

247.50 11% below

Below model, 1y

18 of 30 days

How it is valued

Valued asBank

Revenue declining (~-1% recent)High profitability (23% net margin)Pays dividendsHighly cyclical earningsStrong FCF yield (9.0%)

What growth the price implies: the reverse DCF

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; how each model works is in the manual.