Valuation Danske Bank A/S

Equities

Market Closed - Nasdaq Copenhagen Other stock markets 16:20:00 20/01/2026 GMT			5-day change	1st Jan Change
313.30 ^DKK	-1.32%		-1.91%	-1.66%

01-20	Catena Plans Directed Share Issue of 6 Million Shares	FW
01-20	Alfred Berg Nordic Investment Grade Rises 0.28 Percent in December – Issuance Volume Increases in 2025	FW

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	85,818	96,358	116,798	154,937	169,808	254,873	254,873	-
Change	-	12.28%	21.21%	32.65%	9.6%	50.1%	0%	-
Enterprise Value (EV)	85,818	96,358	116,798	154,937	169,808	254,873	254,873	254,873
Change	-	12.28%	21.21%	32.65%	9.6%	50.1%	0%	0%
P/E ratio	21.4x	7.74x	-22.9x	7.3x	7.33x	11.4x	11.1x	10.5x
PBR	0.54x	0.56x	0.73x	0.88x	0.97x	1.44x	1.4x	1.36x
PEG	-	0x	0x	-0x	0.6x	-7.4x	4.12x	1.73x
Capitalization / Revenue	2.02x	2.26x	2.83x	2.95x	3.01x	4.52x	4.44x	4.32x
EV / Revenue	0x	0x	0x	0x	0x	4.52x	4.44x	4.32x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	0x	0x	0x	0x	0x	8.32x	8.16x	7.89x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	2	7.5	-	14.5	28.7	19.68	19.99	21.1
Rate of return	1.99%	6.64%	-	8.04%	14.1%	6.28%	6.38%	6.73%
EPS ²	4.7	14.6	-6	24.7	27.8	27.37	28.11	29.82
Distribution rate	42.6%	51.4%	-	58.7%	103%	71.9%	71.1%	70.8%
Net sales ¹	42,383	42,584	41,203	52,445	56,400	56,369	57,357	58,997
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	13,901	16,921	14,725	27,031	30,669	30,629	31,220	32,318
Net income ¹	4,038	12,469	-5,153	21,262	23,629	22,573	22,626	23,281
Net Debt	-	-	-	-	-	-	-	-
Reference price ²	100.65	112.95	137.30	180.40	203.70	313.30	313.30	313.30
Nbr of stocks (in thousands)	852,639	853,105	850,681	858,852	833,617	813,513	813,513	-
Announcement Date	04/02/21	03/02/22	02/02/23	02/02/24	07/02/25	-	-	-

¹DKK in Million²DKK

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
DANSKE BANK A/S	11.45x	-	-	6.28%	40.03B
JPMORGAN CHASE & CO.	14.94x	-	-	1.91%	816B
BANK OF AMERICA CORPORATION	13.69x	-	-	2.08%	376B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	5.65x	-	-	5.51%	362B
HSBC HOLDINGS PLC	14.08x	-	-	4.28%	284B
WELLS FARGO & COMPANY	13.72x	-	-	1.96%	268B
CHINA CONSTRUCTION BANK CORPORATION	5.38x	-	-	5.55%	267B
ROYAL BANK OF CANADA	15.02x	-	-	2.91%	235B
BANK OF CHINA LIMITED	5.45x	-	-	5.53%	234B
MITSUBISHI UFJ FINANCIAL GROUP, INC.	15.31x	-	-	2.54%	211B
Average	11.47x			3.86%	309.27B
Weighted average by Cap.	11.96x			3.34%