Danske Bank A/S

CPSE:DANSKE Stock Report

Market Cap: DKK 264.8b

Danske Bank Valuation

Is DANSKE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of DANSKE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: DANSKE (DKK325.5) is trading below our estimate of future cash flow value (DKK616.18)

Significantly Below Future Cash Flow Value: DANSKE is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DANSKE?

Key metric: As DANSKE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DANSKE. This is calculated by dividing DANSKE's market cap by their current earnings.
What is DANSKE's PE Ratio?
PE Ratio11.5x
EarningsDKK 23.04b
Market CapDKK 264.79b

Price to Earnings Ratio vs Peers

How does DANSKE's PE Ratio compare to its peers?

The above table shows the PE ratio for DANSKE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.8x
JYSK Jyske Bank
10.2x-1.19%DKK 52.7b
ALSYDB AL Sydbank
25.3x22.31%DKK 46.4b
SPKSJF SJF Bank
9.5xn/aDKK 5.3b
LASP Lån & Spar Bank
10.2xn/aDKK 4.2b
DANSKE Danske Bank
11.5x2.86%DKK 264.8b

Price-To-Earnings vs Peers: DANSKE is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (13.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does DANSKE's PE Ratio compare vs other companies in the DK Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
DANSKE 11.5xIndustry Avg. 10.7xNo. of Companies6PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DANSKE is expensive based on its Price-To-Earnings Ratio (11.5x) compared to the European Banks industry average (10.4x).

Price to Earnings Ratio vs Fair Ratio

What is DANSKE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DANSKE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: DANSKE is good value based on its Price-To-Earnings Ratio (11.5x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DANSKE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 325.50
DKK 350.38
+7.65%
9.39%DKK 375.00DKK 245.00n/a13
Mar ’27DKK 330.10
DKK 342.00
+3.60%
12.81%DKK 375.00DKK 233.00n/a14
Feb ’27DKK 321.50
DKK 318.40
-0.96%
13.45%DKK 362.00DKK 233.00n/a15
Jan ’27DKK 318.60
DKK 308.00
-3.33%
9.76%DKK 352.00DKK 233.00n/a14
Dec ’26DKK 297.30
DKK 301.14
+1.29%
9.60%DKK 352.00DKK 233.00n/a14
Nov ’26DKK 289.30
DKK 293.57
+1.48%
8.42%DKK 327.00DKK 233.00n/a14
Oct ’26DKK 274.40
DKK 284.21
+3.58%
7.85%DKK 329.00DKK 233.00n/a14
Sep ’26DKK 263.30
DKK 278.21
+5.66%
6.67%DKK 300.00DKK 233.00n/a14
Aug ’26DKK 254.90
DKK 267.33
+4.88%
13.99%DKK 300.00DKK 145.00n/a15
Jul ’26DKK 255.50
DKK 265.47
+3.90%
13.81%DKK 300.00DKK 145.00n/a15
Jun ’26DKK 251.10
DKK 255.50
+1.75%
15.53%DKK 300.00DKK 145.00n/a16
May ’26DKK 229.60
DKK 248.34
+8.16%
15.42%DKK 310.00DKK 145.00n/a16
Apr ’26DKK 228.30
DKK 249.90
+9.46%
15.21%DKK 310.00DKK 145.00n/a16
Mar ’26DKK 241.30
DKK 245.69
+1.82%
15.76%DKK 299.00DKK 145.00DKK 330.1016
Feb ’26DKK 215.10
DKK 235.69
+9.57%
14.97%DKK 299.00DKK 145.00DKK 321.5016
Jan ’26DKK 203.70
DKK 235.22
+15.47%
14.91%DKK 298.00DKK 145.00DKK 318.6016
Dec ’25DKK 202.70
DKK 234.94
+15.90%
15.37%DKK 298.00DKK 145.00DKK 297.3016
Nov ’25DKK 208.10
DKK 233.76
+12.33%
14.87%DKK 285.00DKK 145.00DKK 289.3016
Oct ’25DKK 195.90
DKK 232.82
+18.85%
14.46%DKK 274.00DKK 145.00DKK 274.4017
Sep ’25DKK 210.60
DKK 231.66
+10.00%
15.38%DKK 274.00DKK 145.00DKK 263.3015
Aug ’25DKK 206.30
DKK 228.42
+10.72%
15.23%DKK 272.00DKK 145.00DKK 254.9014
Jul ’25DKK 209.10
DKK 221.00
+5.69%
15.13%DKK 260.00DKK 145.00DKK 255.5013
Jun ’25DKK 210.70
DKK 219.23
+4.05%
15.16%DKK 260.00DKK 145.00DKK 251.1013
May ’25DKK 202.20
DKK 219.77
+8.69%
15.80%DKK 262.00DKK 145.00DKK 229.6013
Apr ’25DKK 206.60
DKK 218.62
+5.82%
16.61%DKK 272.00DKK 145.00DKK 228.3013
Mar ’25DKK 204.20
DKK 217.06
+6.30%
14.66%DKK 260.00DKK 145.00DKK 241.3016
DKK 350.38
Fair Value
7.1% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/10 10:09
End of Day Share Price 2026/03/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Danske Bank A/S is covered by 29 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Namita SamtaniBarclays
Namita SamtaniBarclays