NAB wins analyst upgrade: NAB stock trades 0.05 percent above fair value

Published on 10/08/2026 at 09:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fair value stood at AUD 38.38 on October 7, 2026. NAB stock costs EUR 23.46 on October 8, 2026, down 1.43 percent versus its prior close.

NAB, AU000000NAB4, Illustration mit AI erstellt.

NAB (ISIN AU000000NAB4) won an analyst upgrade on October 7, 2026, while its ASX price of AUD 38.40 stood 0.05 percent above fair value of AUD 38.38, as Simply Wall St reported. The euro reference price was EUR 23.46 at Lang & Schwarz on October 8, 2026 at 9:09 a.m. CEST.

Fair value gap stays narrow

Simply Wall St also placed NAB's estimated future cash flow value at AUD 40.66 on October 7, 2026. That value was AUD 2.26 above the AUD 38.40 ASX price cited in the same analysis, creating a 5.56 percent gap based on the ASX price.

The upgrade therefore arrived with the bank close to the publication's most followed fair value estimate rather than at a deep valuation discount. Simply Wall St said higher earnings estimates supported the upgrade, while it also identified weaker small-business loan quality as a risk if credit conditions deteriorate.

Housing risk adds a counterweight

NAB's housing monitor, published through MarketScreener on October 7, 2026, reported that combined-capital dwelling prices fell 1.20 percent in September and stood 6.40 percent below their March 2026 peak.

The report cut its 2026 forecast for capital-city home prices to an 8.00 percent decline from a previous 6.00 percent decline. For NAB, that housing backdrop matters because weaker property activity can affect mortgage demand, collateral values and credit costs, even as the analyst upgrade points to higher earnings estimates.

Results date remains November 5

NAB's shareholder centre lists its third-quarter trading update on August 17, 2026 and its 2026 full-year results announcement for November 5, 2026, according to NAB. The same page lists an interim dividend of AUD 0.85 per ordinary share for 2026.

The scheduled results date gives the upgrade a clear test: investors will be able to compare the higher earnings assumptions with the bank's next formal update. The key counterweight is the housing monitor's sharper property forecast, which puts asset quality and loan growth alongside valuation in the next assessment.

Euro quote turns lower

NAB stock was trading at EUR 23.46 at Lang & Schwarz on October 8, 2026 at 9:09 a.m. CEST, down 1.43 percent versus the prior close of EUR 23.80. The market capitalization was AUD 115.7 billion, and the ASX 52-week range was AUD 35.48 to AUD 49.45 as of October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of NAB stock.