ATLAS fair value
R$17.59
Below fair value · 28% discount
Banco Santander (Brasil) S.A. PN (BVMF: SANB4) closed at R$12.74 on Nov 6, 2026 (-0.78%). 52-week range R$11.93–R$19.20; ATLAS model fair value R$17.59.
Updated Nov 6, 2026 · Source: EODHD / ATLAS model
Banco Santander (Brasil) S.A. PN stock price today, ATLAS forecast and fair value
Financial Services · Banks - Regional · B3 (Brasil Bolsa Balcão) · Brazil
Prices as of Nov 6, 2026 · BRL
R$17.59
Below fair value · 28% discount
51%
that it ends higher than today in 21 sessions
ATLAS's own quantitative analysis, all in one place.
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ATLAS estimates Banco Santander (Brasil) S.A. PN's fair value at about R$17.59 per share (reasonable range: R$15.83 to R$19.35). At R$12.74, the stock trades 28% below it.
It is calculated with valuation multiples of comparable companies. Confidence in the estimate is medium. It is an estimate, not a promise: if the company's results change, so does its fair value.
ATLAS's model gives Banco Santander (Brasil) S.A. PN a 51% chance of finishing higher a month from now (21 trading sessions) than today: close to a coin flip.
In half of the simulated outcomes the price ends between R$12.14 and R$13.43; in 9 out of 10, between R$11.09 and R$14.70. Estimated annual volatility is 30%.
At a P/E ratio of 7.5, Banco Santander (Brasil) S.A. PN is valued in line with the sector median of 7.5.
| Measure | Banco Santander (Brasil) S.A. PN | Sector median |
|---|---|---|
| P/E ratio | 7.5 | 7.5 |
| Net margin | 27.5% | 26.5% |
| Price vs fair value (+ above, − below) | -28% | -39% |
Median of the 28 Financial Services companies ATLAS covers (Brazil). Banco Santander (Brasil) S.A. PN ranks #9 of 28 by market value among them.
Banco Santander (Brasil) S.A. PN shares fell 23.8% between the Nov 7, 2025 close (R$16.73) and the Nov 6, 2026 close (R$12.74). Weekly closes over the period ranged from R$11.96 to R$18.39. Past performance does not predict future results.
Key numbers for SANB4.SA next to comparable companies in the same line of business.
| Company | Market cap | P/E | Net margin | Price vs fair value |
|---|---|---|---|---|
| Banco Santander (Brasil) S.A. PN (BVMF: SANB4) | $17.3B | 7.5 | 27.5% | -28% |
| Banco Santander (Brasil) (BVMF: SANB3) | $17.3B | 7.4 | 28.7% | -28% |
| Banco do Brasil (BVMF: BBAS3) | $17.8B | 8.2 | 21.8% | -7% |
| Banco Bradesco S.A. PN (BVMF: BBDC4) | $27.7B | 6.1 | 27.3% | -41% |
| Banco Bradesco (BVMF: BBDC3) | $27.7B | 5.6 | 26.1% | -46% |
Price vs fair value: + means the price is above the ATLAS fair value estimate, − below it. Market cap in US dollars.
These are two different questions: fair value looks at the business (what it is worth given what it earns) and the odds look at the price over the next month. Banco Santander (Brasil) S.A. PN sits below fair value and its odds of rising over a month are close to a coin flip. An expensive stock can keep climbing and a cheap one can keep falling, which is why ATLAS shows the two readings separately.
Over the last 52 weeks SANB4.SA has traded between R$11.93 and R$19.20. Today it is 33.7% below that high and 7% above its low.
On the business: net margin is 27.5%; it trades at 7.5 times earnings.
Its beta is 0.21: it tends to move less than the market.
Banco Santander (Brasil) S.A., together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. It operates in two segments, Commercial Banking and Global Wholesale Banking.
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Other companies in the same line of business:
About R$17.59 per share according to ATLAS (reasonable range: R$15.83 to R$19.35). With the stock at R$12.74, it is 28% below it.
51%: close to a coin flip. In half of the simulated outcomes, SANB4.SA ends the month between R$12.14 and R$13.43.
Banco Santander (Brasil) S.A. PN's market capitalization is R$95.1B. Its price-to-earnings (P/E) ratio is 7.5: you pay R$7.45 for each R$1.00 of yearly earnings.
Yes. SANB4.SA's current dividend yield is 8.86% at today's price (R$12.74).
Banco Santander (Brasil) S.A. PN shares fell 23.8% between the Nov 7, 2025 close (R$16.73) and the Nov 6, 2026 close (R$12.74). Weekly closes over the period ranged from R$11.96 to R$18.39. Past performance does not predict future results.
Not investment advice. ATLAS estimates are produced by statistical models from public data; they can be wrong and past performance does not predict future results. Consider your own situation before investing. Disclaimer
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