UNCRY - Don't Be Fooled By Commerzbank's Cheap Valuation
Commerzbank (CRZBY) has a very low valuation, but this seems to be justified by the bank's structural problems, and I think its shares are a value trap.
Within the European banking sector, one of the cheapest banks right now is Commerzbank, measured by the price to book value (P/BV) valuation multiple, as the bank is currently trading at a very low valuation of around 0.3x book value. This is a significant discount to the European sector average, which trades at about 0.8x book value.
This may lead investors to think that Commerzbank