Jyske Bank A/S (JYSK) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Jyske Bank A/S stock DKK 877, price DKK 1,109, that is 20.9% below the price, quality 51 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range kr 234.28 – kr 1,115 · fair‑value band kr 657.88 – kr 1,096 · the kr 1,109 price screens above the kr 877.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Jyske Bank A/S provides financial solutions in Denmark and Germany. The company operates through Banking Activities, Mortgage Activities, and Leasing Activities segments.
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The Banking Activities segment provides advisory services relating to traditional financial solutions for personal, private banking, and corporate customers; and trading and investment services, including trading in interest rate products, currencies, equities, commodities, and derivatives for corporate and institutional customers.
The Mortgage Activities segment offers financial solutions for the financing of real property to Danish personal customers, corporate customers, and subsidized rental housing.
The Leasing Activities segment provides financial solutions in the form of leasing and financing within car financing, as well as leasing and financing of equipment for the corporate sector.
The company also offers pension and insurance products; investment and asset-management products; and payment and advisory services, as well as online and mobile banking services. Jyske Bank A/S was incorporated in 1917 and is based in Silkeborg, Denmark.
Stock analysis
Jyske Bank A/S (JYSK) currently trades at kr 1,109, while our model-based Fair Value estimate is kr 877.18, 21% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of kr 903.89 per share, and 1 of the 6 models we run sit above the kr 1,109 price.
Bear case: the Dividend Discount group reads lowest at kr 526.38, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 657.88 (bear) to kr 1,096 (bull), the price of kr 1,109 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Jyske Bank A/S reported revenue of 26.7B DKK in FY2025 versus 12.9B DKK in FY2021, a compound +19.8%/yr. Reported net income was 5.2B DKK in FY2025, compounding +12.8%/yr from FY2021.
Key figures
Market cap 63.5B DKK (≈ $9.5B) Mid · P/E ratio 13.5 · P/S ratio 4.52 · EPS (TTM) kr 82.29 · Dividend yield 2.3% · Net margin 36.3% · Return on equity 9.8% · Return on assets (EBIT) 0.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 51% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −21%, JYSK screens cheaper than that median.
Fair Value models
Bearkr 657.88Fair Value kr 877.18Bullkr 1,096
Price kr 1,109 · Downside -20.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 48.97 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+33.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.4%
Revenue growth 24 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+24.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.5%
Dividend (yield on the price)2.3%
Per share before 2009divided by the spin-off factor 1.0761
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.22.5% vs 9.7%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.17% → 27%
AI conclusion: Profitability supports the regional bank's operations while the acquisition expands fee-based services, but negative cash flows combined with high debt relative to equity weaken signs of a lasting moat.
Main risk: Repeated inspections and orders from the Danish FSA on AML, operational risk and compliance could increase costs and restrict certain activities for Jyske Bank.
Bull case: Jyske Bank could integrate AI and digital tools faster than rivals to enhance advisory services and retain customers despite regulatory and competitive pressures.
Bear case: Persistent regulatory demands and neobank competition could raise operating costs while eroding market share in key segments over the coming years.
Jyske Bank agreed to acquire Formuepleje to grow its wealth management business and expects the deal to add more than DKK 0.2 billion in annual net fee income. The transaction should turn earnings accretive only from 2028, even as the bank keeps buying back shares under its ongoing DKK 3 billion programme. Will the added fee income from asset management outweigh the integration costs and the time lag before it contributes meaningfully?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 998 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−20.9% · Below median
Profitability
Return on equity (12 months)9.8% · Below median
Return on assets0.7% · Below median
Net margin (12 months)36.3% · Above median
Operating margin (12 months)52.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−7.7% · Bottom 25%
Dividend yield (12 months)2.3% · Below median
Balance sheet
Debt / equity6.39× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (12 months)13.5× · Pricier than median
P/B1.34× · Pricier than median
P/S (12 months)4.52× · Priciest 25%
EV/EBITDA42.5× · Priciest 25%
PEG0.60× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)5· sector 8
FUTURE (revenue growth)0· sector 47
PAST (return on equity)39· sector 43
HEALTH (low debt)–
DIVIDEND (yield)45· sector 53
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Jyske Bank A/S Fair Value". https://www.fairvalue-calculator.com/stock/JYSK
Frequently asked questions
Is Jyske Bank A/S (JYSK) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of kr 877.18 versus a price of kr 1,109, about 21% lower (overvalued).
What is the fair value of JYSK?
Our model-based fair value for Jyske Bank A/S is kr 877.18 (as of Nov 7, 2026), built from audited fundamentals. The current price: kr 1,109.
What is the quality score of JYSK?
Jyske Bank A/S has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Jyske Bank A/S (JYSK)?
Our model-based price target is the fair value of kr 877.18 (as of Nov 7, 2026) from 6 valuation models. Cautious scenario kr 657.88, optimistic scenario kr 1,096. It is a calculation from audited fundamentals, not an analyst target.
What is the Jyske Bank A/S stock forecast for 2026?
Our models put fair value at kr 877.18, about 21% lower versus a price of kr 1,109 (overvalued). Cautious scenario kr 657.88, optimistic scenario kr 1,096. The calculation is refreshed regularly with new filings.
What is the revenue of Jyske Bank A/S (JYSK)?
Jyske Bank A/S reported trailing-twelve-month revenue of about 14.1B DKK (latest available figure, as of Nov 7, 2026).
Does Jyske Bank A/S pay a dividend?
Jyske Bank A/S currently shows a dividend yield of 2.25% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Jyske Bank A/S (JYSK) and when is the ex-dividend date?
Jyske Bank A/S pays a dividend of kr 25.00 per share a year, a dividend yield of 2.3%. The last ex-dividend date was Mar 18, 2026. The payout ratio is 30.4% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Jyske Bank A/S (JYSK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jyske Bank A/S it is kr 877.18 per share (as of Nov 7, 2026), against a price of kr 1,109. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Jyske Bank A/S stock overvalued or undervalued in 2026?
As of Nov 7, 2026, JYSK trades above its calculated fair value: price kr 1,109, fair value kr 877.18, a gap of about −21% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of JYSK?
No. The price is what the market pays today (kr 1,109); the fair value is what the company's own numbers justify (kr 877.18). For Jyske Bank A/S the two are kr 231.82 per share apart. That gap is exactly why we show both numbers side by side.
How much is Jyske Bank A/S worth?
The market values Jyske Bank A/S at about 63.5B DKK (market capitalisation, as of Nov 7, 2026). Per share that is kr 1,109; our models calculate a fair value of kr 877.18 per share.
What do the bullish and bearish scenarios say about JYSK?
Our models span a range for Jyske Bank A/S: cautious scenario kr 657.88, base kr 877.18, optimistic kr 1,096 per share (as of Nov 7, 2026, price kr 1,109). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of JYSK?
Jyske Bank A/S trades at a price-to-earnings ratio of 13.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 877.18 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 7.9. Other multiples: PEG 0.6, P/B 1.3, P/S 4.5, EV/EBITDA 42.5.
What is the PEG ratio of JYSK?
The PEG ratio of Jyske Bank A/S is 0.60 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Jyske Bank A/S (JYSK)?
Balance-sheet figures for Jyske Bank A/S (as of Nov 7, 2026): return on equity 9.8%, debt of 6.39 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is JYSK from its 52-week high?
Jyske Bank A/S trades at kr 1,109, about 1% below its 52-week high of kr 1,115 and 51% above the low of kr 734.58 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 877.18 is for.
Which stocks are comparable to Jyske Bank A/S?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Jyske Bank A/S stock attractive at the current price?
The data as of Nov 7, 2026: price kr 1,109, calculated fair value kr 877.18 (−21%), Quality Score 51/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of JYSK calculated?
We run Jyske Bank A/S through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 877.18 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Jyske Bank A/S itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Jyske Bank A/S (JYSK)?
The closing price on Nov 6, 2026 was kr 1,109. Our model-based fair value is kr 877.18, about 21% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jyske Bank A/S right now?
Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Jyske Bank A/S (JYSK) come from?
Earnings per share at Jyske Bank A/S grew +12.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +12.6 %, EBIT margin +1.1 %, tax rate −1.5 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Jyske Bank A/S
How large is the market capitalisation of Jyske Bank A/S (JYSK)?
The market capitalisation of Jyske Bank A/S is 63.5B DKK (≈ $9.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Jyske Bank A/S (JYSK)?
The price-to-sales ratio of Jyske Bank A/S is 4.52 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Jyske Bank A/S (JYSK)?
Earnings per share at Jyske Bank A/S are kr 82.29 (price ÷ EPS = P/E 13.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Jyske Bank A/S (JYSK)?
The dividend yield of Jyske Bank A/S is 2.3% (payout 30.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Jyske Bank A/S (JYSK)?
The net margin of Jyske Bank A/S is 36.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Jyske Bank A/S (JYSK)?
The return on equity (ROE) of Jyske Bank A/S is 9.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Jyske Bank A/S (JYSK)?
On an EBIT basis the return on assets of Jyske Bank A/S is 0.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Jyske Bank A/S (JYSK)?
The operating margin of Jyske Bank A/S is 52.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jyske Bank A/S (JYSK)?
Revenue at Jyske Bank A/S is growing −7.7% versus a year earlier (3y avg +21.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Jyske Bank A/S (JYSK)?
Earnings per share at Jyske Bank A/S are growing −3.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Jyske Bank A/S (JYSK) generate?
The free cash flow of Jyske Bank A/S is −11.4B DKK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Jyske Bank A/S (JYSK) carry?
The net debt of Jyske Bank A/S is 497B DKK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026