DNB Stock Analysis: DnB ASA | OL
Banks - Regional | OL, Norway | Market Cap: 449.203m NOK | 12M Return: 21.8% | NO0010161896 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 430M
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
DNB Bank ASA is Norways largest financial services provider, offering a comprehensive suite of banking, insurance, and investment products to both retail and corporate clients domestically and internationally. Its offerings span everyday retail banking-such as savings and current accounts, mortgages, consumer loans, and various insurance products-alongside a broad corporate and institutional platform that includes leasing, factoring, trade finance, treasury management, and investment banking services like M&A, capital markets, and private placements. Founded in 1822 and headquartered in Oslo, DNB operates as a diversified bank, a business model characterized by combining retail banking, commercial lending, and capital markets/advisory activities under one roof, which typically provides multiple revenue streams but also exposes the institution to varied credit, market, and operational risks across economic cycles.
- Norgesbank rate cuts compress net interest margin
- Norwegian mortgage competition pressures retail banking margins
- Oil price weakness raises corporate loan loss risk
- Capital returns accelerate with elevated CET1 buffer
| Net Income: 41.1b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 3.04 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA 0.09 > 3% & CFO 341b > Net Income 41.1b |
| Net Debt (-251b) to EBITDA (56.2b): -4.47 < 3 |
| Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities) |
| Outstanding Shares: last quarter (1.43b) vs 12m ago -2.39% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 2.32% > 50% (prev 2.28%; Δ 0.04% > 0%) |
| Interest Coverage Ratio: 0.47 > 6 (EBIT TTM 52.4b / Interest Expense TTM 112b) |
As of October 06, 2026, the stock is trading at NOK 308.70 with a total of 1,353,502 shares traded. Over the past week, the price has changed by -4.49%, over one month by -3.74%, over three months by +3.42% and over the past year by +21.83%.
Current recommended Stop Loss: 302.60 (which is 2% or 1.3 ATR below the current price).
DnB ASA has no consensus analysts rating.
P/E Trailing = 11.4503
P/E Forward = 11.1483
P/S = 5.1229
P/B = 1.6056
P/EG = 5.2156
Revenue TTM = 89.4b NOK
EBIT TTM = 52.4b NOK
EBITDA TTM = 56.2b NOK
Long Term Debt = 936b NOK (from longTermDebt, last fiscal year)
Short Term Debt = unknown (none)
Debt = 2.16b NOK (Leases only: 2.16b)
Net Debt = -251b NOK (calculated: Debt 2.16b - CCE 253b)
Enterprise Value = 198b NOK (449b + Debt 2.16b - CCE 253b)
Interest Coverage Ratio = 0.47 (Ebit TTM 52.4b / Interest Expense TTM 112b)
EV/FCF = 2.83x (Enterprise Value 198b / FCF TTM 69.9b)
FCF Yield = 35.30% (FCF TTM 69.9b / Enterprise Value 198b)
FCF Margin = 78.18% (FCF TTM 69.9b / Revenue TTM 89.4b)
Net Margin = 46.00% (Net Income TTM 41.1b / Revenue TTM 89.4b)
Gross Margin = unknown ((Revenue TTM 89.4b - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.05 (Enterprise Value 198b / Total Assets 3879b)
Interest Expense / Debt = 5.18k% (Interest Expense 112b / Debt 2.16b)
Taxrate = 20.08% (10.5b / 52.4b)
NOPAT = 41.9b (EBIT 52.4b * (1 - 20.08%))
Current Ratio = unknown (Total Current Assets 253b / Total Current Liabilities none)
Debt / Equity = 0.01 (Debt 2.16b / totalStockholderEquity, last quarter 279b)
Debt / EBITDA = -4.47 (Net Debt -251b / EBITDA 56.2b)
Debt / FCF = -3.59 (Net Debt -251b / FCF TTM 69.9b)
Total Stockholder Equity = 289b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.07% (Net Income 41.1b / Total Assets 3879b)
RoE = 14.22% (Net Income TTM 41.1b / Total Stockholder Equity 289b)
RoCE = 4.28% (EBIT 52.4b / Capital Employed (Equity 289b + L.T.Debt 936b))
RoIC = unknown (NOPAT 41.9b, Invested Capital 0.0, EBIT 52.4b)
WACC = 6.32% (E(449b)/V(451b) * Re(6.35%) + (debt cost/tax rate unavailable))
Discount Rate = 6.35% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -89.86 | Cagr: -1.38%
[DCF] Terminal Value 75.44% ; FCFF base≈69.9b ; Y1≈70.2b ; Y5≈74.4b
[DCF] Fair Price = 989.9 (EV 1157b - Net Debt -251b = Equity 1408b / Shares 1.42b; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: 69.50 | EPS CAGR: 5.97% | SUE: 0.11 | # QB: 0
Revenue Correlation: 27.60 | Revenue CAGR: 5.67% | SUE: -0.04 | # QB: 0
EPS current Quarter (2026-09-30): EPS=6.63 | Chg30d=-0.38% | Revisions=-25% | Analysts=6
EPS current Year (2026-12-31): EPS=26.59 | Chg30d=-0.30% | Revisions=-29% | GrowthEPS=-6.8% | GrowthRev=-1.4%
EPS next Year (2027-12-31): EPS=28.08 | Chg30d=+0.80% | Revisions=+29% | GrowthEPS=+5.6% | GrowthRev=+4.1%
[Analyst] Revisions Ratio: -8% (up=4, down=5)