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STOCK COMPARISON

DBS Group Holdings vs Standard Bank Group: Fair Value & Quality

Both stocks run through our valuation models. Here is how DBS Group Holdings (D05) and Standard Bank Group (SBK) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Standard Bank Group as the less overvalued of the two: DBS Group Holdings trades at S$77.48 versus a fair value of S$40.39 (-48%), while Standard Bank Group trades at ZAR 306 versus ZAR 254 (-17%).
DBS Group Holdings
D05.SG · SGD · Financials
-48%
upside to fair value
overvalued
PriceS$77.48
Fair ValueS$40.39
Quality65/100
Standard Bank Group
SBK.JSE · ZAC · Financials
-17%
upside to fair value
overvalued
PriceZAR 306
Fair ValueZAR 254
Quality63/100
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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

DBS Group HoldingsStandard Bank Group
Valuation
19.8×P/E (TTM)10.3×
7.58×P/S (TTM)2.79×
2.49×P/B1.87×
n/aEV/EBITDA4.4×
2.63×PEG65.37×
−47.9%Fair value upside−17.2%
3.7%Dividend yield5.8%
S$2.85Dividend per shareZAR 17.80
Profitability
61%Operating margin43%
0.99×EBIT margin trend (5Y)0.23×
16%Return on equity19%
1%Return on assets2%
Growth
7%Revenue growth (YoY)9%
11.6%Avg. growth/yr (3Y)33.6%
9.4%Avg. growth/yr (5Y)27.5%
+12.7%Value creation/yr+0.6%
Balance & size
0.6×Interest coverage (EBIT/interest)0.8×
0.69×Debt / equity0.09×
$172BMarket cap$31B
healthyGrowth qualityhealthy

Standard Bank Group leads: 4 to 10 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.

DBS Group Holdingsof which business quality 61 · market factors 94 Standard Bank Groupof which business quality 56 · market factors 68
ProfitabilityMargins and returns on capital today
38
34
Quality GrowthAre margins and returns improving?
54
64
CashflowEarnings quality: real cash, not paper profit
84
77
Fin. StrengthBalance sheet, leverage, solvency risk
56
14
InvestmentDisciplined investing over empire-building
78
80
Low VolatilityCalm price path (market factor)
100
92
MomentumPrice trend over the last 3–12 months (market factor)
88
52
52W MomentumDistance to the 52-week high (market factor)
98
69
Net IssuanceShare count: buybacks or dilution?
65
92

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$77.48Standard Bank GroupPrice ZAR 306
Dividend Discount-35%below the priceS$50.43+10%close to the priceZAR 336
Multiples-46%below the priceS$41.94+5%close to the priceZAR 321
Asset-Based-79%below the priceS$16.22-64%below the priceZAR 111
Economic Profit-60%below the priceS$31.19-18%below the priceZAR 252
Minimum-79%below the priceS$16.22-64%below the priceZAR 111
Maximum-35%below the priceS$50.43+10%close to the priceZAR 336
Median-53%below the priceS$36.57-6%close to the priceZAR 287
Geometric mean-58%below the priceS$32.16-23%below the priceZAR 235

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.

Standard Bank Group: 3 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.

DBS Group Holdings
Price S$77.48
Fair Value S$40.39
Bear S$29.31Bull S$50.48
Standard Bank Group
Price ZAR 306
Fair Value ZAR 254
Bear ZAR 173Bull ZAR 397

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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.

DBS Group Holdings · Financials

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

Standard Bank Group · Financials

Quality score63 · Top 25%
Fair value upside-17% · below median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Standard Bank Group as the less overvalued of the two: DBS Group Holdings trades at S$77.48 versus a fair value of S$40.39 (-48%), while Standard Bank Group trades at ZAR 306 versus ZAR 254 (-17%).

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

Open Standard Bank Group 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.