Skip to contentHome page Seeking Alpha - Power to InvestorsFranceJun 21, 2026, 11:13 PM ETBNP Paribas SA (BNPQY) Stock, BNPQF StockWolf ReportInvesting Group LeaderCommentsSummaryBNP Paribas is currently overvalued, trading at a 9-10x P/E versus its historical 7-8x, despite limited growth prospects.I maintain a conservative €82/share price target and a 'Hold' rating, seeing limited upside at current valuations given Eurozone's sluggish growth.BNPQY's high cost ratios (58-62%) and structural limitations hinder efficiency, making premium multiples unjustified versus leaner European peers.Core profit growth is lackluster, with recent gains driven by one-off M&A, not sustainable core banking improvements.Looking for more investing ideas like this one? Get them exclusively at Wolf of Value.