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STOCK COMPARISON

DBS Group Holdings vs Voss Veksel og Landmandsbank ASA: Fair Value & Quality

Both stocks run through our valuation models. Here is how DBS Group Holdings (D05) and Voss Veksel og Landmandsbank ASA (VVL) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Voss Veksel og Landmandsbank ASA 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 Voss Veksel og Landmandsbank ASA trades at NOK 434 versus NOK 351 (-19%).
DBS Group Holdings
D05.SG · SGD · Financials
-48%
upside to fair value
overvalued
PriceS$77.48
Fair ValueS$40.39
Quality65/100
Voss Veksel og Landmandsbank ASA
VVL.OL · NOK · Financials
-19%
upside to fair value
overvalued
PriceNOK 434
Fair ValueNOK 351
Quality52/100
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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 HoldingsVoss Veksel og Landmandsbank ASA
Valuation
19.8×P/E (TTM)11.8×
7.58×P/S (TTM)5.36×
2.49×P/B1.24×
n/aEV/EBITDA17.2×
2.63×PEG2.84×
−47.9%Fair value upside−19.1%
3.7%Dividend yield4.3%
S$2.85Dividend per shareNOK 18.75
Profitability
61%Operating margin49%
0.99×EBIT margin trend (5Y)0.90×
16%Return on equity10%
1%Return on assets1%
Growth
7%Revenue growth (YoY)-4%
11.6%Avg. growth/yr (3Y)0.0%
9.4%Avg. growth/yr (5Y)3.5%
+12.7%Value creation/yr+19.0%
Balance & size
0.6×Interest coverage (EBIT/interest)0.5×
0.69×Debt / equity1.29×
$172BMarket cap$110M
healthyGrowth qualitymixed

DBS Group Holdings leads: 8 to 6 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 Voss Veksel og Landmandsbank ASAof which business quality 44 · market factors 60
ProfitabilityMargins and returns on capital today
38
35
Quality GrowthAre margins and returns improving?
54
56
CashflowEarnings quality: real cash, not paper profit
84
34
Fin. StrengthBalance sheet, leverage, solvency risk
56
4
InvestmentDisciplined investing over empire-building
78
76
Low VolatilityCalm price path (market factor)
100
87
MomentumPrice trend over the last 3–12 months (market factor)
88
46
52W MomentumDistance to the 52-week high (market factor)
98
52
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$77.48Voss Veksel og Landmandsbank ASAPrice NOK 434
Dividend Discount-35%below the priceS$50.43-59%below the priceNOK 178
Multiples-46%below the priceS$41.94+22%above the priceNOK 528
Asset-Based-79%below the priceS$16.22-41%below the priceNOK 255
Economic Profit-60%below the priceS$31.19-24%below the priceNOK 331
Minimum-79%below the priceS$16.22-59%below the priceNOK 178
Maximum-35%below the priceS$50.43+22%above the priceNOK 528
Median-53%below the priceS$36.57-32%below the priceNOK 293
Geometric mean-58%below the priceS$32.16-31%below the priceNOK 298

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.

Voss Veksel og Landmandsbank ASA: 4 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
Voss Veksel og Landmandsbank ASA
Price NOK 434
Fair Value NOK 351
Bear NOK 321Bull NOK 449

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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%

Voss Veksel og Landmandsbank ASA · Financials

Quality score52 · below median
Fair value upside-19% · below median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Voss Veksel og Landmandsbank ASA 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 Voss Veksel og Landmandsbank ASA trades at NOK 434 versus NOK 351 (-19%).

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

Open Voss Veksel og Landmandsbank ASA 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.