Jyske Bank Valuation

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

JYSK (DKK869.5) is trading below our estimate of [[future cash flow value]] (DKK1666.08)

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

Valuation Score

5/6

Valuation Score 5/6

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 JYSK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Below Future Cash Flow Value: JYSK (DKK869.5) is trading below our estimate of future cash flow value (DKK1666.08)

Significantly Below Future Cash Flow Value: JYSK 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 JYSK?

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

The above table shows the Price to Earnings ratio for JYSK. This is calculated by dividing JYSK's market cap by their current earnings.
What is JYSK's PE Ratio?
PE Ratio	9.8x
Earnings	DKK 5.15b
Market Cap	DKK 50.34b

JYSK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	-8.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for JYSK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	13.7x
ALSYDB AL Sydbank	24.2x	22.31%	DKK 44.3b
DANSKE Danske Bank	11.2x	2.00%	DKK 257.5b
SPKSJF SJF Bank	9x	n/a	DKK 5.0b
LASP Lån & Spar Bank	10.3x	n/a	DKK 4.3b
JYSK Jyske Bank	9.8x	-1.19%	DKK 50.3b

Price-To-Earnings vs Peers: JYSK is good value based on its Price-To-Earnings Ratio (9.8x) compared to the peer average (13.7x).

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 JYSK's PE Ratio compare vs other companies in the DK Banks Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: JYSK is good value based on its Price-To-Earnings Ratio (9.8x) compared to the European Banks industry average (10.6x).

Price to Earnings Ratio vs Fair Ratio

What is JYSK'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.

JYSK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.8x
Fair PE Ratio	12.9x

Price-To-Earnings vs Fair Ratio: JYSK is good value based on its Price-To-Earnings Ratio (9.8x) compared to the estimated Fair Price-To-Earnings Ratio (12.9x).

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 JYSK forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	DKK 869.50	DKK 999.50 +14.95%	3.84%	DKK 1,045.00	DKK 960.00	n/a	4
Mar ’27	DKK 948.50	DKK 997.00 +5.11%	4.12%	DKK 1,045.00	DKK 950.00	n/a	4
Feb ’27	DKK 917.50	DKK 873.25 -4.82%	8.27%	DKK 992.00	DKK 801.00	n/a	4
Jan ’27	DKK 872.50	DKK 793.50 -9.05%	4.41%	DKK 835.00	DKK 738.00	n/a	4
Dec ’26	DKK 798.00	DKK 793.50 -0.56%	4.41%	DKK 835.00	DKK 738.00	n/a	4
Nov ’26	DKK 760.00	DKK 793.50 +4.41%	4.41%	DKK 835.00	DKK 738.00	n/a	4
Oct ’26	DKK 714.00	DKK 738.75 +3.47%	5.70%	DKK 790.00	DKK 673.00	n/a	4
Sep ’26	DKK 692.00	DKK 726.25 +4.95%	6.09%	DKK 790.00	DKK 673.00	n/a	4
Aug ’26	DKK 648.50	DKK 631.75 -2.58%	11.40%	DKK 705.00	DKK 514.00	n/a	4
Jul ’26	DKK 638.50	DKK 622.25 -2.55%	11.74%	DKK 705.00	DKK 514.00	n/a	4
Jun ’26	DKK 616.50	DKK 586.25 -4.91%	9.75%	DKK 670.00	DKK 514.00	n/a	4
May ’26	DKK 541.50	DKK 564.25 +4.20%	2.76%	DKK 585.00	DKK 543.00	n/a	4
Apr ’26	DKK 553.50	DKK 591.25 +6.82%	5.98%	DKK 650.00	DKK 558.00	n/a	4
Mar ’26	DKK 580.00	DKK 585.25 +0.91%	7.16%	DKK 650.00	DKK 534.00	DKK 948.50	4
Feb ’26	DKK 521.00	DKK 571.67 +9.72%	6.16%	DKK 600.00	DKK 522.00	DKK 917.50	3
Jan ’26	DKK 510.00	DKK 576.33 +13.01%	6.68%	DKK 607.00	DKK 522.00	DKK 872.50	3
Dec ’25	DKK 496.80	DKK 572.33 +15.20%	7.72%	DKK 607.00	DKK 510.00	DKK 798.00	3
Nov ’25	DKK 485.80	DKK 585.00 +20.42%	9.59%	DKK 645.00	DKK 510.00	DKK 760.00	3
Oct ’25	DKK 516.50	DKK 618.75 +19.80%	4.69%	DKK 650.00	DKK 585.00	DKK 714.00	4
Sep ’25	DKK 541.50	DKK 618.75 +14.27%	4.69%	DKK 650.00	DKK 585.00	DKK 692.00	4
Aug ’25	DKK 543.00	DKK 631.25 +16.25%	4.42%	DKK 670.00	DKK 600.00	DKK 648.50	4
Jul ’25	DKK 552.00	DKK 631.25 +14.36%	4.42%	DKK 670.00	DKK 600.00	DKK 638.50	4
Jun ’25	DKK 565.00	DKK 641.67 +13.57%	3.84%	DKK 670.00	DKK 610.00	DKK 616.50	3
May ’25	DKK 573.00	DKK 652.00 +13.79%	6.28%	DKK 700.00	DKK 600.00	DKK 541.50	3
Apr ’25	DKK 582.60	DKK 617.33 +5.96%	7.85%	DKK 662.00	DKK 550.00	DKK 553.50	3
Mar ’25	DKK 559.20	DKK 620.50 +10.96%	6.82%	DKK 662.00	DKK 550.00	DKK 580.00	4

AnalystPriceTarget

Community Contributor

DKK 999.5

Fair Value

13.0% undervalued

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

Data	Last Updated (UTC time)
Company Analysis	2026/03/13 15:16
End of Day Share Price	2026/03/13 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Jyske Bank A/S is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ABG Sundal Collier
Namita Samtani	Barclays
Namita Samtani	Barclays