EN DE
STOCK COMPARISON

DBS Group Holdings vs Kotak Mahindra Bank: Fair Value & Quality

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

As of Sep 5, 2026, Fair Value Calculator sees Kotak Mahindra Bank 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 Kotak Mahindra Bank trades at ₹425 versus ₹253 (-40%).
DBS Group Holdings
D05.SG · SGD · Financials
-49%
upside to fair value
overvalued
PriceS$78.65
Fair ValueS$40.48
Quality65/100
Kotak Mahindra Bank
KOTAKBANK.NSE · INR · Financials
-40%
upside to fair value
overvalued
Price₹425
Fair Value₹253
Quality48/100
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 HoldingsKotak Mahindra Bank
Valuation
18.7×P/E (TTM)22.0×
7.23×P/S (TTM)5.10×
2.34×P/B2.08×
—EV/EBITDA13.8×
3.44×PEG0.94×
−48.5%Fair value upside−40.4%
3.6%Dividend yield0.2%
S$2.85Dividend per share₹0.65
Profitability
60%Operating margin35%
0.99×EBIT margin trend (5Y)1.36×
16%Return on equity11%
1%Return on assets2%
Growth
3%Revenue growth (YoY)-11%
11.6%Avg. growth/yr (3Y)17.7%
9.4%Avg. growth/yr (5Y)14.2%
+12.6%Value creation/yr+14.0%
Balance & size
0.6×Interest coverage (EBIT/interest)0.9×
0.69×Debt / equity0.54×
$161BMarket cap$40B
healthyGrowth qualityhealthy

Kotak Mahindra Bank 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 Kotak Mahindra Bankof which business quality 48 · market factors 64
ProfitabilityMargins and returns on capital today
38
33
Quality GrowthAre margins and returns improving?
54
29
CashflowEarnings quality: real cash, not paper profit
84
99
Fin. StrengthBalance sheet, leverage, solvency risk
56
34
InvestmentDisciplined investing over empire-building
78
42
Low VolatilityCalm price path (market factor)
99
94
MomentumPrice trend over the last 3–12 months (market factor)
91
47
52W MomentumDistance to the 52-week high (market factor)
100
58
Net IssuanceBuybacks instead of dilution
65
40

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$78.65Kotak Mahindra BankPrice ₹425
Dividend Discount-30%below the priceS$54.87-98%below the price₹9.55
Multiples-47%below the priceS$42.04-40%below the price₹254
Asset-Based-79%below the priceS$16.26-71%below the price₹122
Economic Profit-59%below the priceS$32.23-55%below the price₹192
Minimum-79%below the priceS$16.26-98%below the price₹9.55
Maximum-30%below the priceS$54.87-40%below the price₹254
Median-53%below the priceS$37.13-63%below the price₹157
Geometric mean-58%below the priceS$33.16-80%below the price₹86.74

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.

Kotak Mahindra Bank: 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.

DBS Group Holdings
Bear S$30.36Fair Value S$40.48Bull S$50.60
S$78.65 = current price (white tick)
Kotak Mahindra Bank
Bear ₹190Fair Value ₹253Bull ₹316
₹425 = 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%

Kotak Mahindra Bank · Financials

Quality score48 · below median
Fair value upside-40% · bottom 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Kotak Mahindra Bank 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 Kotak Mahindra Bank trades at ₹425 versus ₹253 (-40%).

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

See the full analysis →
DBS Group Holdings · Kotak Mahindra Bank

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 Kotak Mahindra Bank

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.