DNB BANK ASA (DNB.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:DNB • NO0010161896

294.5 NOK
+5.3 (+1.83%)
Last: Feb 10, 2026, 04:26 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

2

DNB gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 114 industry peers in the Banks industry. DNB may be in some trouble as it scores bad on both profitability and health. DNB has a valuation in line with the averages, but on the other hand it scores bad on growth. 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.
  • In the past year DNB has reported a negative cash flow from operations.
  • 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

  • With a decent Return On Assets value of 1.13%, DNB is doing good in the industry, outperforming 69.30% of the companies in the same industry.
  • 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

  • Looking at the Profit Margin, with a value of 45.71%, DNB belongs to the top of the industry, outperforming 97.37% of the companies in the same industry.
  • In the last couple of years the Profit Margin of DNB has grown nicely.
  • 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's Debt to Equity ratio of 3.43 is on the low side compared to the rest of the industry. DNB is outperformed by 80.70% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.43
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC10.27%
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.
  • Measured over the past years, DNB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.68% on average per year.
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

  • DNB is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.45% yearly.
  • DNB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.19% yearly.
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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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • DNB is valuated reasonably with a Price/Earnings ratio of 10.48.
  • DNB's Price/Earnings ratio is a bit cheaper when compared to the industry. DNB is cheaper than 70.18% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 28.06. DNB is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 11.12 indicates a reasonable valuation of DNB.
  • 64.04% of the companies in the same industry are more expensive than DNB, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.86, DNB is valued rather cheaply.
Industry RankSector Rank
PE 10.48
Fwd PE 11.12
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 6.25%, DNB is a good candidate for dividend investing.
  • DNB's Dividend Yield is rather good when compared to the industry average which is at 4.12. DNB pays more dividend than 80.70% of the companies in the same industry.
  • DNB's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 6.25%

5.2 History

  • The dividend of DNB is nicely growing with an annual growth rate of 17.85%!
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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Find the best dividend stocksShow peers with best dividend

DNB BANK ASA

OSL:DNB (2/10/2026, 4:26:15 PM)

294.5

+5.3 (+1.83%)

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 Cap435.15B
Revenue(TTM)N/A
Net Income(TTM)42.93B
Analysts55.38
Price Target289.68 (-1.64%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.25%
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 10.48
Fwd PE 11.12
P/S 4.63
P/FCF N/A
P/OCF N/A
P/B 1.54
P/tB 1.66
EV/EBITDA N/A
EPS(TTM)28.11
EY9.54%
EPS(NY)26.49
Fwd EY8.99%
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
WACC10.27%
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 10.48 and the Price/Book (PB) ratio is 1.54.


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%.