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STOCK COMPARISON

Commercial National Financial vs DBS Group Holdings: Fair Value & Quality

Both stocks run through our valuation models. Here is how Commercial National Financial (CEFC) and DBS Group Holdings (D05) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Commercial National Financial as the less overvalued of the two: Commercial National Financial trades at $15.75 versus a fair value of $13.71 (-13%), while DBS Group Holdings trades at S$77.48 versus S$40.48 (-48%).
Commercial National Financial
CEFC · USD · Financials
-13%
upside to fair value
overvalued
Price$15.75
Fair Value$13.71
Quality61/100
DBS Group Holdings
D05.SG · SGD · Financials
-48%
upside to fair value
overvalued
PriceS$77.48
Fair ValueS$40.48
Quality65/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Commercial National FinancialDBS Group Holdings
Valuation
9.4×P/E (TTM)20.2×
2.75×P/S (TTM)7.71×
1.11×P/B2.49×
9.7×EV/EBITDAn/a
1.58×PEG3.44×
−13.0%Fair value upside−47.8%
3.6%Dividend yield3.7%
$0.57Dividend per shareS$2.85
Profitability
36%Operating margin60%
1.16×EBIT margin trend (5Y)0.99×
13%Return on equity16%
1%Return on assets1%
Growth
7%Revenue growth (YoY)3%
3.2%Avg. growth/yr (3Y)11.6%
5.8%Avg. growth/yr (5Y)9.4%
+9.3%Value creation/yr+12.7%
Balance & size
1.4×Interest coverage (EBIT/interest)0.6×
1.30×Debt / equity0.69×
$62MMarket cap$172B
mixedGrowth qualityhealthy

Even match: 7 to 7 metric wins.

n/a = 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.

Commercial National Financialof which business quality 57 · market factors 85 DBS Group Holdingsof which business quality 61 · market factors 93
ProfitabilityMargins and returns on capital today
35
38
Quality GrowthAre margins and returns improving?
53
54
CashflowEarnings quality: real cash, not paper profit
76
84
Fin. StrengthBalance sheet, leverage, solvency risk
35
56
InvestmentDisciplined investing over empire-building
79
78
Low VolatilityCalm price path (market factor)
91
100
MomentumPrice trend over the last 3–12 months (market factor)
72
86
52W MomentumDistance to the 52-week high (market factor)
98
98
Net IssuanceShare count: buybacks or 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 familyCommercial National FinancialPrice $15.75DBS Group HoldingsPrice S$77.48
Dividend Discount-60%below the price$6.34-35%below the priceS$50.54
Multiples+33%above the price$20.93-46%below the priceS$42.04
Asset-Based-39%below the price$9.58-79%below the priceS$16.26
Economic Profit-17%below the price$13.01-60%below the priceS$31.26
Minimum-60%below the price$6.34-79%below the priceS$16.26
Maximum+33%above the price$20.93-35%below the priceS$50.54
Median-28%below the price$11.30-53%below the priceS$36.65
Geometric mean-28%below the price$11.34-58%below the priceS$32.24

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%.

Commercial National Financial: 4 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 scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Commercial National Financial
Price $15.75
Fair Value $13.71
Bear $12.29Bull $20.02
DBS Group Holdings
Price S$77.48
Fair Value S$40.48
Bear S$29.38Bull S$50.60

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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.

Commercial National Financial · Financials

Quality score61 · above median
Fair value upside-13% · below median

DBS Group Holdings · Financials

Quality score65 · Top 25%
Fair value upside-48% · bottom 25%

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Commercial National Financial as the less overvalued of the two: Commercial National Financial trades at $15.75 versus a fair value of $13.71 (-13%), while DBS Group Holdings trades at S$77.48 versus S$40.48 (-48%).

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

Open Commercial National Financial live analysis →

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