EN DE
STOCK COMPARISON

DBS Group Holdings vs Itaú Unibanco Holding S.A: Fair Value & Quality

Both stocks run through our valuation models. Here is how DBS Group Holdings (D05) and Itaú Unibanco Holding S.A (ITUB4) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Itaú Unibanco Holding S.A as the less overvalued of the two: DBS Group Holdings trades at S$78.65 versus a fair value of S$40.48 (-49%), while Itaú Unibanco Holding S.A trades at BRL 41.92 versus BRL 37.35 (-11%).
DBS Group Holdings
D05.SG · SGD · Financials
-49%
upside to fair value
overvalued
PriceS$78.65
Fair ValueS$40.48
Quality65/100
Itaú Unibanco Holding S.A
ITUB4.SA · BRL · Financials
-11%
upside to fair value
overvalued
PriceBRL 41.92
Fair ValueBRL 37.35
Quality61/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

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

DBS Group HoldingsItaú Unibanco Holding S.A
Valuation
18.7×P/E (TTM)10.2×
7.23×P/S (TTM)3.34×
2.34×P/B2.25×
—EV/EBITDA10.4×
3.44×PEG1.44×
−48.5%Fair value upside−10.9%
3.6%Dividend yield8.0%
S$2.85Dividend per shareBRL 3.36
Profitability
60%Operating margin33%
0.99×EBIT margin trend (5Y)1.33×
16%Return on equity22%
1%Return on assets2%
Growth
3%Revenue growth (YoY)-2%
11.6%Avg. growth/yr (3Y)38.8%
9.4%Avg. growth/yr (5Y)23.8%
+12.6%Value creation/yr+16.1%
Balance & size
0.6×Interest coverage (EBIT/interest)0.2×
0.69×Debt / equity1.71×
$161BMarket cap$90B
healthyGrowth qualityhealthy

Itaú Unibanco Holding S.A leads: 3 to 11 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.

DBS Group Holdingsof which business quality 61 · market factors 96 Itaú Unibanco Holding S.Aof which business quality 57 · market factors 64
ProfitabilityMargins and returns on capital today
38
43
Quality GrowthAre margins and returns improving?
54
53
CashflowEarnings quality: real cash, not paper profit
84
100
Fin. StrengthBalance sheet, leverage, solvency risk
56
29
InvestmentDisciplined investing over empire-building
78
72
Low VolatilityCalm price path (market factor)
99
89
MomentumPrice trend over the last 3–12 months (market factor)
91
50
52W MomentumDistance to the 52-week high (market factor)
100
59
Net IssuanceBuybacks instead of dilution
65
44

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 familyDBS Group HoldingsPrice S$78.65Itaú Unibanco Holding S.APrice BRL 41.92
Dividend Discount-30%below the priceS$54.87+97%above the priceBRL 82.45
Multiples-47%below the priceS$42.04-7%close to the priceBRL 38.86
Asset-Based-79%below the priceS$16.26-71%below the priceBRL 12.25
Economic Profit-59%below the priceS$32.23-27%below the priceBRL 30.45
Minimum-79%below the priceS$16.26-71%below the priceBRL 12.25
Maximum-30%below the priceS$54.87+97%above the priceBRL 82.45
Median-53%below the priceS$37.13-17%below the priceBRL 34.65
Geometric mean-58%below the priceS$33.16-21%below the priceBRL 33.06

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%.

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

Itaú Unibanco Holding S.A: 3 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.

DBS Group Holdings
Bear S$30.36Fair Value S$40.48Bull S$50.60
S$78.65 = current price (white tick)
Itaú Unibanco Holding S.A
Bear BRL 28.01Fair Value BRL 37.35Bull BRL 46.68
BRL 41.92 = current price (white tick)

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

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

DBS Group Holdings · Financials

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

Itaú Unibanco Holding S.A · Financials

Quality score61 · above median
Fair value upside-11% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Itaú Unibanco Holding S.A as the less overvalued of the two: DBS Group Holdings trades at S$78.65 versus a fair value of S$40.48 (-49%), while Itaú Unibanco Holding S.A trades at BRL 41.92 versus BRL 37.35 (-11%).

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

See the full analysis →
DBS Group Holdings · Itaú Unibanco Holding S.A

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Related to DBS Group Holdings

Alphabet Inc Class C vs Verizon CommunicationsAlphabet Inc Class C vs At&tAlphabet Inc Class C vs NetEaseAmazon.com vs PDD Holdings

Related to Itaú Unibanco Holding S.A

Amazon.com vs Sony GroupMeta Platforms vs Verizon CommunicationsMeta Platforms vs At&tMeta Platforms vs NetEase
Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

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