How to value banks?

[Baldric]

Considering they have cheap finance from savings account. Float from insurance, Money multiplier, loans to business.
I think the main value are from these 4.

so What's a good way to valuate a bank such as dbs
Sent from my GT-I9100 using Tapatalk 2

[Jacmar]

Considering they have cheap finance from savings account. Float from insurance, Money multiplier, loans to business.
I think the main value are from these 4.

so What's a good way to valuate a bank such as dbs
Sent from my GT-I9100 using Tapatalk 2

THE std for valuing banks is P/B. According to pat dorsey of formerly from morningstar, you should never ever pay >3x P/B. after saying that there is only 1 outstanding exception and that is Public bank in malaysia,never goes below 3x and trade up as much as 4x. all others are far below 3x and the 3 sgp banks trades between 1-2x P/B.