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What Is Bank Mellat's Forward P/E? An Estimate Based on Its 6-Month EPS of 335 Rials (Tuesday, July 7, 2026)

Sahmino editorialJul 7, 2026Short01:089 views
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Bank Mellat's Tehran Stock Exchange ticker, Vabmellat (وبملت), traded around 1,284 rials on Tuesday, July 7, 2026. Using its 335-rial six-month EPS for H1 of Iranian fiscal year 1404 (up 36% year on year), this report calculates a forward P/E under conservative, base, and optimistic scenarios.

Transcript

Today we're looking at one number: Bank Mellat's forward price to earnings ratio. Bank Mellat shares traded around one thousand two hundred eighty four rials on Tuesday, July seventh. That price was up nearly three percent from the previous trading session. Large listed banks like Bank Mellat typically trade near the bottom of the market's price to earnings range. Bank Mellat's first half EPS reached three hundred thirty five rials, up thirty six percent year on year. That growth shows the bank's profitability accelerating compared with last year. Part of the gain came from rising fee income and better management of deposit funding costs. Another part of state bank profit is typically booked in the second half, when foreign currency assets are revalued. Under these assumptions, the forward price to earnings ratio comes out between about one point six and one point nine. For savers who hold their money in the stock market, that's a useful valuation yardstick. A precise comparison with peer listed banks could not be verified with reliable, current data at the time of writing. The six month report came out in late September, and full year audited results are next. Other listed banks are following a similar pattern, all awaiting their year end results. What to watch next is Bank Mellat's audited financial statements and its annual shareholder meeting. Read the full analysis on Sahmino.

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