Is DNB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of DNB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: DNB (NOK230.6) is trading below our estimate of fair value (NOK488.12)
Significantly Below Fair Value: DNB is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for DNB?
Key metric: As DNB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
The above table shows the Price to Earnings ratio for DNB. This is calculated by dividing DNB's market cap by their current
earnings.
What is DNB's PE Ratio?
PE Ratio
8.3x
Earnings
NOK 40.96b
Market Cap
NOK 338.79b
DNB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Price-To-Earnings vs Industry: DNB is expensive based on its Price-To-Earnings Ratio (8.3x) compared to the Norwegian Banks industry average (8.3x).
Price to Earnings Ratio vs Fair Ratio
What is DNB's PE Ratio
compared to its
Fair PE Ratio?
This is the expected PE Ratio taking into
account the company's forecast earnings growth, profit margins
and other risk factors.
DNB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio
8.3x
Fair PE Ratio
9.7x
Price-To-Earnings vs Fair Ratio: DNB is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (9.7x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
The above table shows the analyst DNB forecast and predictions for the stock price in 12 month’s time.
Date
Share Price
Average 1Y Price Target
Dispersion
High
Low
1Y Actual price
Analysts
Current
NOK 230.60
NOK 233.93
+1.4%
8.7%
NOK 285.00
NOK 210.00
n/a
15
Nov ’25
NOK 231.10
NOK 231.15
+0.02%
8.9%
NOK 280.00
NOK 207.00
n/a
15
Oct ’25
NOK 213.20
NOK 223.31
+4.7%
7.6%
NOK 265.00
NOK 197.00
n/a
17
Sep ’25
NOK 224.10
NOK 218.81
-2.4%
6.8%
NOK 246.00
NOK 194.00
n/a
14
Aug ’25
NOK 223.60
NOK 216.45
-3.2%
7.3%
NOK 246.00
NOK 194.00
n/a
14
Jul ’25
NOK 212.20
NOK 211.54
-0.3%
8.2%
NOK 240.00
NOK 181.00
n/a
13
Jun ’25
NOK 205.20
NOK 211.15
+2.9%
8.5%
NOK 240.00
NOK 176.00
n/a
13
May ’25
NOK 194.10
NOK 209.46
+7.9%
7.3%
NOK 240.00
NOK 176.00
n/a
13
Apr ’25
NOK 215.10
NOK 211.57
-1.6%
5.2%
NOK 230.00
NOK 192.00
n/a
14
Mar ’25
NOK 213.10
NOK 214.75
+0.8%
6.2%
NOK 243.00
NOK 192.00
n/a
16
Feb ’25
NOK 205.20
NOK 220.18
+7.3%
10.1%
NOK 290.00
NOK 192.00
n/a
17
Jan ’25
NOK 216.00
NOK 223.29
+3.4%
9.8%
NOK 290.00
NOK 192.00
n/a
17
Dec ’24
NOK 206.50
NOK 223.53
+8.2%
9.7%
NOK 290.00
NOK 192.00
n/a
17
Nov ’24
NOK 199.25
NOK 224.12
+12.5%
9.6%
NOK 290.00
NOK 192.00
NOK 231.10
17
Oct ’24
NOK 215.60
NOK 226.06
+4.9%
9.4%
NOK 290.00
NOK 188.00
NOK 213.20
16
Sep ’24
NOK 210.60
NOK 222.94
+5.9%
9.7%
NOK 290.00
NOK 188.00
NOK 224.10
17
Aug ’24
NOK 208.70
NOK 222.65
+6.7%
9.7%
NOK 290.00
NOK 188.00
NOK 223.60
17
Jul ’24
NOK 200.70
NOK 217.35
+8.3%
9.8%
NOK 285.00
NOK 183.00
NOK 212.20
17
Jun ’24
NOK 187.30
NOK 216.59
+15.6%
10.2%
NOK 285.00
NOK 179.00
NOK 205.20
17
May ’24
NOK 187.20
NOK 214.17
+14.4%
12.9%
NOK 295.00
NOK 147.00
NOK 194.10
18
Apr ’24
NOK 187.35
NOK 213.06
+13.7%
12.0%
NOK 285.00
NOK 147.00
NOK 215.10
18
Mar ’24
NOK 204.40
NOK 214.33
+4.9%
13.0%
NOK 285.00
NOK 147.00
NOK 213.10
18
Feb ’24
NOK 187.85
NOK 207.50
+10.5%
13.5%
NOK 275.00
NOK 147.00
NOK 205.20
18
Jan ’24
NOK 194.45
NOK 209.50
+7.7%
13.6%
NOK 275.00
NOK 147.00
NOK 216.00
18
Dec ’23
NOK 190.10
NOK 209.78
+10.4%
13.7%
NOK 275.00
NOK 147.00
NOK 206.50
18
Nov ’23
NOK 185.35
NOK 210.29
+13.5%
14.2%
NOK 275.00
NOK 147.00
NOK 199.25
17
Analyst Forecast: Target price is less than 20% higher than the current share price.