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STOCK COMPARISON

Al Rajhi Bank vs DBS Group Holdings: Fair Value & Quality

Both stocks run through our valuation models. Here is how Al Rajhi Bank (1120) and DBS Group Holdings (D05) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Al Rajhi Bank as the less overvalued of the two: Al Rajhi Bank trades at SAR 66.35 versus a fair value of SAR 43.51 (-34%), while DBS Group Holdings trades at S$78.65 versus S$40.48 (-49%).
Al Rajhi Bank
1120.SR · SAR · Financials
-34%
upside to fair value
overvalued
PriceSAR 66.35
Fair ValueSAR 43.51
Quality45/100
DBS Group Holdings
D05.SG · SGD · Financials
-49%
upside to fair value
overvalued
PriceS$78.65
Fair ValueS$40.48
Quality65/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Al Rajhi BankDBS Group Holdings
Valuation
16.5×P/E (TTM)18.7×
2.57×P/S (TTM)7.23×
0.70×P/B2.34×
0.6×EV/EBITDA—
—PEG3.44×
−34.4%Fair value upside−48.5%
1.8%Dividend yield3.6%
SAR 1.17Dividend per shareS$2.85
Profitability
76%Operating margin60%
0.67×EBIT margin trend (5Y)0.99×
19%Return on equity16%
3%Return on assets1%
Growth
11%Revenue growth (YoY)3%
36.0%Avg. growth/yr (3Y)11.6%
28.3%Avg. growth/yr (5Y)9.4%
+20.3%Value creation/yr+12.6%
Balance & size
1.1×Interest coverage (EBIT/interest)0.6×
—Debt / equity0.69×
$100BMarket cap$161B
expensiveGrowth qualityhealthy

Al Rajhi Bank leads: 10 to 3 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Al Rajhi Bankof which business quality 37 · market factors 57 DBS Group Holdingsof which business quality 61 · market factors 96
ProfitabilityMargins and returns on capital today
41
38
Quality GrowthAre margins and returns improving?
44
54
CashflowEarnings quality: real cash, not paper profit
0
84
Fin. StrengthBalance sheet, leverage, solvency risk
26
56
InvestmentDisciplined investing over empire-building
55
78
Low VolatilityCalm price path (market factor)
94
99
MomentumPrice trend over the last 3–12 months (market factor)
39
91
52W MomentumDistance to the 52-week high (market factor)
46
100
Net IssuanceBuybacks instead of dilution
82
65

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAl Rajhi BankPrice SAR 66.35DBS Group HoldingsPrice S$78.65
Dividend Discount-58%below the priceSAR 28.14-30%below the priceS$54.87
Multiples-34%below the priceSAR 43.52-47%below the priceS$42.04
Asset-Based-76%below the priceSAR 15.94-79%below the priceS$16.26
Economic Profit-44%below the priceSAR 37.13-59%below the priceS$32.23
Minimum-76%below the priceSAR 15.94-79%below the priceS$16.26
Maximum-34%below the priceSAR 43.52-30%below the priceS$54.87
Median-51%below the priceSAR 32.64-53%below the priceS$37.13
Geometric mean-56%below the priceSAR 29.18-58%below the priceS$33.16

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Al Rajhi Bank: 6 of 6 models see the stock below the current price.

DBS Group Holdings: 6 of 6 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Al Rajhi Bank
Bear SAR 32.63Fair Value SAR 43.51Bull SAR 54.38
SAR 66.35 = current price (white tick)
DBS Group Holdings
Bear S$30.36Fair Value S$40.48Bull S$50.60
S$78.65 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Al Rajhi Bank · Financials

Quality score45 · bottom 25%
Fair value upside-34% · below median

DBS Group Holdings · Financials

Quality score65 · Top 25%
Fair value upside-49% · bottom 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Al Rajhi Bank as the less overvalued of the two: Al Rajhi Bank trades at SAR 66.35 versus a fair value of SAR 43.51 (-34%), while DBS Group Holdings trades at S$78.65 versus S$40.48 (-49%).

DBS Group Holdings has the higher quality score (65/100).

See the full analysis →
Al Rajhi Bank · DBS Group Holdings

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.