DNB BANK ASA (DNB.OL) Stock Fundamental Analysis

OSL:DNB • NO0010161896

292.8 NOK
-2.8 (-0.95%)
Last: Feb 13, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

2

Overall DNB gets a fundamental rating of 2 out of 10. We evaluated DNB against 114 industry peers in the Banks industry. DNB has a bad profitability rating. Also its financial health evaluation is rather negative. DNB has a valuation in line with the averages, but it does not seem to be growing. Finally DNB also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • DNB had positive earnings in the past year.
  • DNB had a negative operating cash flow in the past year.
  • Of the past 5 years DNB 4 years were profitable.
  • In multiple years DNB reported negative operating cash flow during the last 5 years.
DNB.OL Yearly Net Income VS EBIT VS OCF VS FCFDNB.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100B -100B 200B

1.2 Ratios

  • DNB has a better Return On Assets (1.13%) than 69.30% of its industry peers.
  • The Return On Equity of DNB (15.15%) is better than 77.19% of its industry peers.
Industry RankSector Rank
ROA 1.13%
ROE 15.15%
ROIC N/A
ROA(3y)1.11%
ROA(5y)0.96%
ROE(3y)14.24%
ROE(5y)12.06%
ROIC(3y)N/A
ROIC(5y)N/A
DNB.OL Yearly ROA, ROE, ROICDNB.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • The Profit Margin of DNB (45.71%) is better than 97.37% of its industry peers.
  • DNB's Profit Margin has improved in the last couple of years.
  • DNB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 45.71%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y5.83%
PM growth 5Y2.81%
GM growth 3YN/A
GM growth 5YN/A
DNB.OL Yearly Profit, Operating, Gross MarginsDNB.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

0

2. Health

2.1 Basic Checks

  • DNB does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • DNB has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
DNB.OL Yearly Shares OutstandingDNB.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
DNB.OL Yearly Total Debt VS Total AssetsDNB.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1T 2T 3T

2.2 Solvency

  • A Debt/Equity ratio of 3.43 is on the high side and indicates that DNB has dependencies on debt financing.
  • DNB has a worse Debt to Equity ratio (3.43) than 80.70% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.43
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC10.26%
DNB.OL Yearly LT Debt VS Equity VS FCFDNB.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200B 400B 600B 800B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
DNB.OL Yearly Current Assets VS Current LiabilitesDNB.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B 100B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. Growth

3.1 Past

  • The earnings per share for DNB have decreased by -4.26% in the last year.
  • The Earnings Per Share has been growing by 10.68% on average over the past years. This is quite good.
EPS 1Y (TTM)-4.26%
EPS 3Y10.91%
EPS 5Y10.68%
EPS Q2Q%-10.94%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.85%

3.2 Future

  • Based on estimates for the next years, DNB will show a decrease in Earnings Per Share. The EPS will decrease by -0.45% on average per year.
  • The Revenue is expected to grow by 1.19% on average over the next years.
EPS Next Y-5.76%
EPS Next 2Y-1.56%
EPS Next 3Y-0.45%
EPS Next 5YN/A
Revenue Next Year-0.03%
Revenue Next 2Y1.01%
Revenue Next 3Y1.19%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
DNB.OL Yearly Revenue VS EstimatesDNB.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 20B 40B 60B 80B
DNB.OL Yearly EPS VS EstimatesDNB.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5 10 15 20 25

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4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 10.42, the valuation of DNB can be described as very reasonable.
  • Based on the Price/Earnings ratio, DNB is valued a bit cheaper than the industry average as 68.42% of the companies are valued more expensively.
  • DNB is valuated cheaply when we compare the Price/Earnings ratio to 27.97, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 11.05, which indicates a very decent valuation of DNB.
  • The rest of the industry has a similar Price/Forward Earnings ratio as DNB.
  • DNB is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.96, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.42
Fwd PE 11.05
DNB.OL Price Earnings VS Forward Price EarningsDNB.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
DNB.OL Per share dataDNB.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 100 -100 -200

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.98
EPS Next 2Y-1.56%
EPS Next 3Y-0.45%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 6.09%, DNB is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.26, DNB pays a better dividend. On top of this DNB pays more dividend than 80.70% of the companies listed in the same industry.
  • DNB's Dividend Yield is rather good when compared to the S&P500 average which is at 1.84.
Industry RankSector Rank
Dividend Yield 6.09%

5.2 History

  • On average, the dividend of DNB grows each year by 17.85%, which is quite nice.
Dividend Growth(5Y)17.85%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 57.86% of the earnings are spent on dividend by DNB. This is a bit on the high side, but may be sustainable.
  • DNB's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP57.86%
EPS Next 2Y-1.56%
EPS Next 3Y-0.45%
DNB.OL Yearly Income VS Free CF VS DividendDNB.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100B -100B 200B
DNB.OL Dividend Payout.DNB.OL Dividend Payout, showing the Payout Ratio.DNB.OL Dividend Payout.PayoutRetained Earnings

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DNB BANK ASA

OSL:DNB (2/13/2026, 7:00:00 PM)

292.8

-2.8 (-0.95%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-04
Earnings (Next)04-23
Inst Owners42.05%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap432.64B
Revenue(TTM)N/A
Net Income(TTM)42.93B
Analysts55.56
Price Target289.68 (-1.07%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.09%
Yearly Dividend16.1
Dividend Growth(5Y)17.85%
DP57.86%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.74%
Min EPS beat(2)-5.48%
Max EPS beat(2)0%
EPS beat(4)3
Avg EPS beat(4)5.96%
Min EPS beat(4)-5.48%
Max EPS beat(4)23.22%
EPS beat(8)7
Avg EPS beat(8)7.57%
EPS beat(12)11
Avg EPS beat(12)11.41%
EPS beat(16)14
Avg EPS beat(16)9.74%
Revenue beat(2)0
Avg Revenue beat(2)-1.43%
Min Revenue beat(2)-2.44%
Max Revenue beat(2)-0.42%
Revenue beat(4)2
Avg Revenue beat(4)-0.05%
Min Revenue beat(4)-2.44%
Max Revenue beat(4)1.45%
Revenue beat(8)4
Avg Revenue beat(8)0.78%
Revenue beat(12)8
Avg Revenue beat(12)3%
Revenue beat(16)11
Avg Revenue beat(16)4.02%
PT rev (1m)3.34%
PT rev (3m)3.44%
EPS NQ rev (1m)0.78%
EPS NQ rev (3m)0.34%
EPS NY rev (1m)0.24%
EPS NY rev (3m)-0.39%
Revenue NQ rev (1m)1.23%
Revenue NQ rev (3m)1.14%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.08%
Valuation
Industry RankSector Rank
PE 10.42
Fwd PE 11.05
P/S 4.61
P/FCF N/A
P/OCF N/A
P/B 1.53
P/tB 1.65
EV/EBITDA N/A
EPS(TTM)28.11
EY9.6%
EPS(NY)26.49
Fwd EY9.05%
FCF(TTM)-207.85
FCFYN/A
OCF(TTM)-206.38
OCFYN/A
SpS63.55
BVpS191.77
TBVpS177.05
PEG (NY)N/A
PEG (5Y)0.98
Graham Number348.27
Profitability
Industry RankSector Rank
ROA 1.13%
ROE 15.15%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 45.71%
GM N/A
FCFM N/A
ROA(3y)1.11%
ROA(5y)0.96%
ROE(3y)14.24%
ROE(5y)12.06%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y5.83%
PM growth 5Y2.81%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 3.43
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 2.31%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC10.26%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)4.03%
Cap/Sales(5y)5.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.26%
EPS 3Y10.91%
EPS 5Y10.68%
EPS Q2Q%-10.94%
EPS Next Y-5.76%
EPS Next 2Y-1.56%
EPS Next 3Y-0.45%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.85%
Revenue Next Year-0.03%
Revenue Next 2Y1.01%
Revenue Next 3Y1.19%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-298.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-292.36%
OCF growth 3YN/A
OCF growth 5YN/A

DNB BANK ASA / DNB.OL FAQ

Can you provide the ChartMill fundamental rating for DNB BANK ASA?

ChartMill assigns a fundamental rating of 2 / 10 to DNB.OL.


Can you provide the valuation status for DNB BANK ASA?

ChartMill assigns a valuation rating of 4 / 10 to DNB BANK ASA (DNB.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for DNB BANK ASA?

DNB BANK ASA (DNB.OL) has a profitability rating of 3 / 10.


What are the PE and PB ratios of DNB BANK ASA (DNB.OL) stock?

The Price/Earnings (PE) ratio for DNB BANK ASA (DNB.OL) is 10.42 and the Price/Book (PB) ratio is 1.53.


How sustainable is the dividend of DNB BANK ASA (DNB.OL) stock?

The dividend rating of DNB BANK ASA (DNB.OL) is 7 / 10 and the dividend payout ratio is 57.86%.