DNB Stock Analysis: DnB ASA | OL
Banks - Regional | OL, Norway | Market Cap: 422.315m NOK | 12M Return: 22.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 429M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 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 diversified financial services group, serving retail customers, corporate clients, and institutional investors both domestically and internationally. As a diversified bank under the GICS classification, DNBs business model spans traditional lending and deposit-taking alongside capital markets, advisory, and insurance activities, with revenue typically generated across net interest income, fee-based services, and trading income.
On the retail side, the company offers everyday banking products including savings, current, currency, and pension accounts; residential and cabin mortgages, home equity credit lines, and construction loans; car, consumer, and refinancing loans; and a range of non-life insurance products covering car, house, home contents, travel, and personal risks. Customers are served through online and mobile banking channels and card-based payment services.
For corporate and institutional clients, DNB provides lending and structured finance solutions such as business loans, overdrafts, leasing, factoring, supply chain and receivable financing, bank guarantees, and trade finance instruments including letters of credit and documentary collections. The bank also operates an investment banking franchise covering mergers and acquisitions advisory, equity and debt capital markets, bond and convertible bond issuance, direct lending, private placements, and commodities services.
Capital markets and advisory capabilities include equity trading, foreign exchange, securities services, research, and risk advisory, supported by treasury management, working capital, equipment financing, real estate brokering, and corporate finance services. Founded in 1822 and headquartered in Oslo, DNB combines the role of a universal retail bank with that of a wholesale and investment bank, a structure typical of large European diversified banking groups.
- Norges Bank rate path drives net interest margin outlook
- Norwegian mortgage loan growth lifts core retail earnings
- Energy sector exposure raises potential loan loss provisions
- Aggressive share buybacks accelerate capital return to shareholders
| 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 -2.42% < -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 July 28, 2026, the stock is trading at NOK 300.20 with a total of 1,097,382 shares traded. Over the past week, the price has changed by +1.90%, over one month by +2.46%, over three months by +8.10% and over the past year by +22.86%.
Current recommended Stop Loss: 294.60 (which is 1.9% or 1.3 ATR below the current price).
DnB ASA has no consensus analysts rating.
P/E Trailing = 10.6962
P/E Forward = 11.0742
P/S = 4.8163
P/B = 1.5263
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 = 171b NOK (422b + Debt 2.16b - CCE 253b)
Interest Coverage Ratio = 0.47 (Ebit TTM 52.4b / Interest Expense TTM 112b)
EV/FCF = 2.45x (Enterprise Value 171b / FCF TTM 69.9b)
FCF Yield = 40.85% (FCF TTM 69.9b / Enterprise Value 171b)
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 = 0.04 (Enterprise Value 171b / 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 = 6.63% (E(422b)/V(424b) * Re(6.66%) + (debt cost/tax rate unavailable))
Discount Rate = 6.66% (= 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 = 983.5 (EV 1157b - Net Debt -251b = Equity 1408b / Shares 1.43b; 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=6.68 | Chg30d=+0.04% | Revisions=+40% | Analysts=5
EPS current Year (2026-12-31): EPS=26.55 | Chg30d=-0.25% | Revisions=+36% | GrowthEPS=-7.0% | GrowthRev=-1.4%
EPS next Year (2027-12-31): EPS=27.80 | Chg30d=+0.33% | Revisions=+36% | GrowthEPS=+4.7% | GrowthRev=+3.8%
[Analyst] Revisions Ratio: +48% (up=14, down=4)