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DNB Bank ASA DNB.OL

NO · Oslo Børs · XOSL · stock · Financial Services · website

DNB Bank ASA statistics & valuation

Market capkr 447.2B
P / E10.3×
P / S5.0×
P / B1.5×
P / FCF6.4×
Net margin48.7%
FCF margin78.2%
Net debtkr 775.6B
Enterprise value USD$129.6B
Graham number +16.2%kr 363.72

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (kr 363.72); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
51.00% 48.60% 54.00% 48.70% 2022202320242025
Gross margin (%)
2022202320242025
Operating margin (%)
2022202320242025
Return on equity (%)
13.40% 14.70% 16.20% 14.80% 2022202320242025
Shares outstanding
1.43B 1.43B 1.43B 1.43B 2022202320242025
Net debt (kr )
kr 528.69B kr 620.96B kr 866.48B kr 775.63B 2022202320242025
Share buybacks (kr )
kr 15.0M kr 6.92B kr 7.10B kr 5.53B 2022202320242025
Return on assets (%)
1.00% 1.10% 1.30% 1.20% 2022202320242025
Free cash flow margin (%)
8.30% 0.10% -187.60% 78.20% 2022202320242025
Debt / equity (×)
3.36× 3.54× 3.58× 3.18× 2022202320242025
EPS (kr )
kr 21.02 kr 24.83 kr 29.34 kr 28.45 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

DNB Bank ASA trades at about 11× earnings — above its 10-year norm (10-year range 8.2×–9.7×, median 8.8×).

8.2× 11×

Shaded band = 10-year range (8.2×–9.7×); dot = today's 11×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Net margin48.7%54.0%48.6%51.0%
FCF margin78.2%-187.6%0.1%8.3%
Return on assets1.2%1.3%1.1%1.0%
Return on equity14.8%16.2%14.7%13.4%
Debt / equity1.96×2.18×

Computed from company filings · NO · as of 2025-12-31. Figures in NOK. Facts plus Stocktoria's own computed scores — not investment advice.