The objective of this empirical study is to investigate the influence of the economic, financial and corporate governance characteristics on stock market value of a sample of European banks in recent years. To this end, several theoretical hypotheses are tested by various estimates econometric models with different specific techniques for panel data, considering as dependent variable Tobin's Q ratio. It detects that there is a positive impact of good asset quality, adequate capital structure, operational efficiency, liquidity and corporate governance of banking institutions.