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← CockpitCompetitor Analysis › 2897.TW O-Bank Co. Ltd.Open in the cockpit ↗

O-Bank Co. Ltd.2897.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Financials›Major Banks
Momentum leader 81
Mkt cap
$889M
US dollars, full cap
Free float
44%
of shares outstanding
$/day
$1.27M
20-day average traded
P/B
0.68×
price to book
ROE
5.6%
delivered
Implied ROE
2.8%
what the price asks
Close · TWDNT$10.50
1D-1.9%
1W-3.7%
1M-0.9%
3M+2.9%
6M+4.5%
YTD+14.9%
1Y+16.4%
ATR %1.8%
52w lowhigh7.5% off high

What O-Bank does

Employees: 1,554

O-Bank at a glance

Size O-Bank (2897.TW) is a Taiwan Financials company (Major Banks) with a market value of $889M, the 291st largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$10.50 on 6 Nov 2026.

Performance Over six months the shares gained 4.5%, against +13.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th lowest of 21 in its peer set.

Growth Revenue fell 7.1% over the last twelve months (peer median +7.9%); the operating margin is 51.6% (peer median 23.6%).

Valuation It trades at 0.68× book value against a peer median of 1.27× (4th cheapest of 21).

Price implies The share price implies a return on equity of about 2.8%; O-Bank delivers 5.6%, so the price asks less than the business earns today.

Relative performance

10011012011 May 202611 Aug 20266 Nov 2026Peer median 1142897.TW 103
Six months, rebased to 100: O-Bank against the median of its 20 peers (local-currency closes).

O-Bank financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueNT$23.3BNT$24.0BNT$23.3BNT$21.4BNT$13.7B
Revenue growth—+3%+9%+55%—
Net incomeNT$2.43BNT$1.83BNT$2.86BNT$2.49BNT$5.03B
Free cash flow-NT$2.21BNT$109M-NT$1.45BNT$2.07BNT$130M
Capital expenditureNT$461MNT$614MNT$373MNT$624MNT$485M
Total debtNT$300BNT$284BNT$269BNT$238BNT$220B

Quarterly statements and history in the cockpit →

O-Bank competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+20%+40%+60%-20%0%8362THFFFMNB8337ALRSCACR4ALBAVAROWLASPCBNKAMTB8360NORION2836OSBC8346SUPV2897.TW6-month return →1-month return →
Up and to the right = strong over both horizons. O-Bank is the large dot.

Fundamentals: return on equity against price-to-book

5%10%15%10×20×8362THFFFMNB8337ALRSCACR4ALBAVAROWLASPVPBNCBNKAMTB836028368346PCZSUPV2897.TWReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. O-Bank is the large dot.

Capital: ROE delivered against the ROE the price implies

0%10%20%30%0%20%8362THFFFMNB8337ALRSCACR4LASP8360NORION2836SUPV2897.TWROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. O-Bank is the large dot.

O-Bank competitors and peer comparison

How O-Bank compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

O-Bank against its 20 peers (data as of 6 Nov 2026)
Measure2897.TWPeer medianRank in peer set
1-month return-0.9%+2.3%8th lowest of 21
6-month return+4.5%+13.6%5th lowest of 21
Return on equity5.6%8.5%7th lowest of 21
Price / book0.68×1.27×4th cheapest of 21
Trailing P/E13.1×12.8×10th most expensive of 20
ROE the price implies2.8%8.6%least demanding of 20
ROE delivered5.6%8.4%7th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
O-Bank 2897.TWTaiwan$889M+4%-7%6%0.68×2.8%5.6%
Fukui Bank 8362.TJapan$872M+57%+16%7%0.86×7.9%7.5%
First Financial THFFUnited States$907M+12%+10%14%1.37×8.6%14.3%
Farmers National Banc FMNBUnited States$914M+9%+26%12%1.28×10.2%11.6%
Chiba Kogyo Bank 8337.TJapan$845M+10%+28%5%1.01×8.4%4.9%
Alerus Financial ALRSUnited States$837M+26%-15%5%1.45×10.7%5.3%
Camden National CACUnited States$980M+18%+6%13%1.36×9.5%12.9%
Renta 4 Banco R4.MCSpain$984M+13%+12%29%4.15×13.9%29.0%
Alandsbanken Abp ALBAV.HEFinland$724M-5%-4%16%2.30×8.3%16.3%
Arrow Financial AROWUnited States$713M+4%+14%9%1.38×10.6%9.4%
Laan & Spar Bank A/S LASP.CODenmark$711M+11%-7%12%1.26×5.2%11.7%
VP Bank VPBN.SWSwitzerland$706M+14%-10%4%0.49×n/a4.3%
Capital Bancorp CBNKUnited States$692M+34%+10%13%1.60×10.0%13.2%
Amerant Bancorp AMTBUnited States$1.15B+26%-8%8%1.38×11.0%7.5%
Yamanashi Chuo Bank 8360.TJapan$1.16B+57%+30%5%0.72×5.7%5.0%
Norion Bank NORION.STSweden$1.18B+33%-2%13%1.23×6.8%12.6%
Bank of Kaohsiung 2836.TWTaiwan$652M-1%-5%5%0.78×3.0%5.3%
Old Second Bancorp OSBCUnited States$1.24B+15%+22%13%1.37×10.9%12.8%
Toho Bank 8346.TJapan$1.32B+24%+30%7%0.92×7.2%6.6%
ProCredit PCZ.DEGermany$580M+9%+6%7%0.48×7.0%7.1%
Grupo Supervielle SA Sponsored ADR SUPVUnited States$567M-29%-5%-7%0.62×9.2%-6.9%

Questions

Which companies are O-Bank's closest peers?
The cockpit's peer set: Fukui Bank (8362.T), First Financial (THFF), Farmers National Banc (FMNB), Chiba Kogyo Bank (8337.T), Alerus Financial (ALRS), Camden National (CAC), Renta 4 Banco (R4.MC), Alandsbanken Abp (ALBAV.HE).
Is O-Bank expensive compared with its peers?
On price / book it trades at 0.68× against a peer median of 1.27×, 4th cheapest of 21 in its peer set. The share price implies a return on equity of about 2.8%; O-Bank delivers 5.6%, so the price asks less than the business earns today.
How has O-Bank stock performed?
Over six months to 6 Nov 2026 the shares returned +4.5% against +13.6% for the median peer; over one year +16.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.