Credicorp (BAP) Stock Analysis

November 11, 2026

This is a peer-relative look at Credicorp (BAP): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Banks peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Credicorp (BAP)
Profile Item	BAP
Name	Credicorp Ltd.
Country/Region	Peru
GICS Sector	Financials
GICS Industry Group	Banks
GICS Industry	Banks
GICS Sub-Industry	Diversified Banks
Market Capitalization	27.63 billion USD
Currency	USD
Exchange	NYSE
Listing Date	October 25, 1995
Security Type	Common Stock

Price Performance

Cumulative Growth

BAP

GSPC

Credicorp (BAP) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Credicorp (BAP) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Credicorp (BAP) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Credicorp (BAP) metric values compared with Banks industry-group medians
Metric	Current stock: BAP	Industry group median
Total Return (1Y)	44.06%	30.28%
Total Return (3Y, Annualized)	52.62%	26.57%
Total Return (5Y, Annualized)	29.84%	9.43%

Risk Profile

Drawdown History

BAP

GSPC

Credicorp (BAP) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Credicorp (BAP) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Credicorp (BAP) metric values compared with Banks industry-group medians
Metric	Current stock: BAP	Industry group median
Volatility (1Y, Annualized)	34.92%	24.34%
Beta (5Y)	0.87	0.72
Max Drawdown (5Y)	-33.33%	-43.36%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. BAP is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Credicorp (BAP) metric values compared with Banks industry-group medians
Metric	Current stock: BAP	Industry group median
Sharpe Ratio (1Y)	1.14	1.08
Sortino Ratio (1Y)	1.75	1.61

Profitability

ROE (TTM)

Credicorp (BAP) posts ROE of 20.41%, above the industry benchmark range. Equity is being turned into profit at an exceptional rate, but very high ROE should still be checked against leverage, buybacks, and the size of the equity base.

BAP

Banks industry group

20.41%

Group distribution

BAP: 20.41%
Max: 19.84%
Q3: 13.67%
Median: 11.49%
Q1: 9.50%
Min: 3.64%

Largest peers

BAP: 20.41%
JPM: 18.01%
RY: 16.21%
HSBC: 14.22%
WFC: 12.91%
BAC: 10.73%
MUFG: 9.46%

Where Credicorp (BAP) stands on ROE within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Credicorp (BAP) keeps 33.10% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

BAP

Banks industry group

33.10%

Group distribution

Max: 47.19%
Q3: 35.25%
BAP: 33.10%
Median: 31.21%
Q1: 27.11%
Min: 14.93%

Largest peers

HSBC: 41.16%
JPM: 34.59%
RY: 33.87%
BAP: 33.10%
BAC: 28.06%
WFC: 27.64%
MUFG: 27.45%

Where Credicorp (BAP) stands on net margin within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

operating margin is set aside for Credicorp (BAP) in Banks: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

Credicorp (BAP) metric values compared with Banks industry-group medians
Metric	Current stock: BAP	Industry group median
ROE (TTM)	20.41%	11.49%
ROA (TTM)	2.84%	1.24%
Net Margin (TTM)	33.10%	31.21%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Credicorp (BAP) grew revenue 11.57%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Credicorp (BAP): Revenue Growth across different time periods, set against Banks industry-group medians.

EPS Growth

Credicorp (BAP) grew earnings per share 26.04%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Credicorp (BAP): EPS Growth across different time periods, set against Banks industry-group medians.

Growth Metrics

Credicorp (BAP) metric values compared with Banks industry-group medians
Metric	Current stock: BAP	Industry group median
Revenue Growth (YoY)	11.57%	11.23%
Revenue Growth (3Y CAGR)	12.30%	6.33%
EPS Growth (YoY)	26.04%	16.14%
EPS Growth (3Y CAGR)	14.42%	3.15%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Credicorp (BAP) in Banks: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Credicorp (BAP) in Banks: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Credicorp (BAP) metric values compared with Banks industry-group medians
Metric	Current stock: BAP	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Credicorp (BAP) has dividend yield of 14.37%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.

BAP

Banks industry group

14.37%

Group distribution

BAP: 14.37%
Max: 5.79%
Q3: 3.18%
Median: 2.39%
Q1: 1.20%
Min: 0.00%

Largest peers

MUFG: 406.81%
BAP: 14.37%
RY: 3.23%
BAC: 2.33%
WFC: 2.19%
JPM: 1.82%
HSBC: 0.86%

Where Credicorp (BAP) stands on dividend yield within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Credicorp (BAP) has payout ratio of 53.95%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

BAP

Banks industry group

53.95%

Group distribution

Max: 70.75%
BAP: 53.95%
Q3: 41.28%
Median: 29.26%
Q1: 18.98%
Min: 0.00%

Largest peers

BAP: 53.95%
HSBC: 53.57%
RY: 41.49%
MUFG: 34.74%
BAC: 27.62%
WFC: 26.09%
JPM: 25.80%

Where Credicorp (BAP) stands on payout ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Credicorp (BAP) metric values compared with Banks industry-group medians
Metric	Current stock: BAP	Industry group median
Dividend Yield (TTM)	14.37%	2.39%
Dividend Payout Ratio (TTM)	53.95%	29.26%

Valuation

P/E Ratio (TTM)

Credicorp (BAP) trades at P/E ratio of 13.10, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

BAP

Banks industry group

13.10

Group distribution

Max: 18.16
Q3: 13.75
BAP: 13.10
Median: 11.81
Q1: 10.64
Min: 6.49

Largest peers

RY: 17.58
JPM: 14.03
MUFG: 13.71
BAP: 13.10
WFC: 11.84
BAC: 11.79
HSBC: 11.38

Where Credicorp (BAP) stands on P/E ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

P/S ratio is not assessed for Credicorp (BAP) in Banks: the revenue line is driven by spread economics rather than conventional product or service sales, so book value or earnings usually carry more weight.

P/B Ratio (MRQ)

Credicorp (BAP) trades at 2.57 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

BAP

Banks industry group

2.57

Group distribution

BAP: 2.57
Max: 2.28
Q3: 1.58
Median: 1.32
Q1: 1.10
Min: 0.59

Largest peers

HSBC: 6.87
RY: 2.92
BAP: 2.57
JPM: 2.53
MUFG: 1.64
WFC: 1.59
BAC: 1.26

Where Credicorp (BAP) stands on P/B ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Credicorp (BAP) metric values compared with Banks industry-group medians
Metric	Current stock: BAP	Industry group median
P/E Ratio (TTM)	13.10	11.81
P/S Ratio (TTM)	--	--
P/B Ratio (MRQ)	2.57	1.32
Free Cash Flow Yield (TTM)	--	--