DnB ASA
Research DnB ASA (DNB) on Bullrun: valuation model: 2.2% undervalued, market cap NOK 448.24B, P/E 11.4, dividend yield 5.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerDNB
- ExchangeOL
- CountryNorway
- SectorFinancial Services
- IndustryBanks - Regional
- CurrencyNOK
- Valuation signal2.2% undervalued
- Market capNOK 448.24B
- P/E11.4
- Dividend yield5.7%
- Financial periodQ2 2026
- RevenueNOK 22.00B
- Net incomeNOK 9.40B
- Free cash flow-NOK 4.12B
Valuation Snapshot
Bullrun's latest valuation model marks DnB ASA as 2.2% undervalued; latest market cap is NOK 448.24B; P/E is 11.4; dividend yield is 5.7%.
Peer valuation comparison
Latest P/E is 11.4x versus a Financial Services sector median of 13.84x (17.6% below).
Latest dividend yield is 5.7% versus a Financial Services sector median of 3.86% (47.9% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | NOK 88.95B | NOK 43.16B | n/a | n/a | n/a | NOK 162.78B | NOK 938.41B | NOK 295.15B |
| FY2024 | NOK 85.23B | NOK 45.80B | n/a | n/a | 29.34 | NOK 152.24B | NOK 1.01T | NOK 283.33B |
| FY2023 | NOK 79.06B | NOK 39.48B | n/a | n/a | 24.83 | NOK 335.58B | n/a | NOK 269.30B |
| FY2022 | NOK 66.38B | NOK 33.44B | n/a | n/a | 21.02 | NOK 317.12B | n/a | NOK 249.84B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | NOK 448.24B | 11.4 | 5.7% | 18 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 18 NOK, yield 5.7%.
| Year | Dividends/share |
|---|---|
| FY2024 | 16 NOK |
| FY2023 | 12.5 NOK |
| FY2022 | 9.75 NOK |
About DnB ASA
DNB Bank ASA provides financial services to individuals and businesses in Norway and internationally. The company offers savings, current, currency, client, tax withholding, and pension accounts; fixed rate and security deposits; home and cabin mortgages, construction and fixed-rate loans, car and consumer loans, business loans, and refinancing; home equity credit lines; car, house, home contents, travel, personal, and non-life insurance products; payment services;
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Frequently asked questions
Is DnB ASA overvalued or undervalued?
Bullrun's valuation model currently marks DnB ASA as 2.2% undervalued.
What is DnB ASA's market cap?
DnB ASA's market capitalization is NOK 448.24B.
What is DnB ASA's P/E ratio?
DnB ASA's price-to-earnings (P/E) ratio is 11.4.
Does DnB ASA pay a dividend?
DnB ASA has a dividend yield of 5.7%.
What does DnB ASA do?
DNB Bank ASA provides financial services to individuals and businesses in Norway and internationally. The company offers savings, current, currency, client, tax withholding, and pension accounts; fixed rate and security deposits; home and cabin mortgages, construction and fixed-rate loans, car and consumer loans, business loans, and refinancing; home equity credit lines; car, house, home contents, travel, personal, and non-life insurance products; payment services; and online and mobile banking services, as well as cards.