Banco Santander, S.A. vs UBS Group AG, two Banks—Regional stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
The margin gap is more than double, Santander's 36.6% net against UBS' 15.7%, retail lending across two continents out-earning wealth management mid-integration per revenue dollar. Returns agree, 13.8% against 8.6% on equity, 0.83% against 0.48% on assets. The market prices the weaker current bank six turns dearer, 20 times against 13.6, paying for the Credit Suisse endgame while discounting delivered Iberian-Latin profitability. Both are European-domiciled giants the American market undervisits. The pair is continental relative value at its starkest: the bank that already works at a discount to the one being assembled; patience is being charged in the wrong direction, unless the assembly astonishes.
Comparison updated 2026-07-10.
| Metric | SAN | UBS |
|---|---|---|
| Price | $13.40 | $49.12 |
| Market cap | $199.5B | $154.8B |
| Sector | Financial Services | Financial Services |
| Stage | Mature | Mature |
| P/E | 13.6 | 20.0 |
| P/B | 1.63 | 1.71 |
| P/S | 4.33 | 3.12 |
| EV/EBITDA | 9.8 | — |
| Revenue growth | +6.3% | +9.2% |
| Gross margin | 138.5% | — |
| Net margin | 36.6% | 15.7% |
| Return on equity | 13.8% | 8.6% |
| Return on assets | 0.8% | 0.5% |
| Debt / equity | 0.00 | 0.00 |
| Piotroski F (quality) | 5 / 9 | 9 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.