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STOCK COMPARISON

Swedbank AB (publ) vs DBS Group Holdings: Fair Value & Quality

Both stocks run through our valuation models. Here is how Swedbank AB (publ) (SWED-A) and DBS Group Holdings (D05) compare, as of Aug 31, 2026.

As of Aug 31, 2026, Fair Value Calculator sees Swedbank AB (publ) as the less overvalued of the two: Swedbank AB (publ) trades at SEK 376 versus a fair value of SEK 316 (-16%), while DBS Group Holdings trades at S$76.15 versus S$40.48 (-47%).
Swedbank AB (publ)
SWED-A.ST · SEK · Financials
-16%
upside to fair value
overvalued
PriceSEK 376
Fair ValueSEK 316
Quality48/100
DBS Group Holdings
D05.SG · SGD · Financials
-47%
upside to fair value
overvalued
PriceS$76.15
Fair ValueS$40.48
Quality65/100
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Head-to-head numbers

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

Swedbank AB (publ)DBS Group Holdings
Valuation
12.9×P/E (TTM)18.7×
6.00×P/S (TTM)7.20×
1.81×P/B2.33×
18.5×EV/EBITDA—
7.20×PEG3.44×
5.4%Dividend yield3.7%
SEK 20.45Dividend per shareS$2.85
Profitability
47%Net margin49%
55%Operating margin60%
16%Return on equity16%
1%Return on assets1%
Growth
-3%Revenue growth (YoY)3%
42.6%Avg. growth/yr (3Y)11.6%
21.5%Avg. growth/yr (5Y)9.4%
Balance & size
2.91×Debt / equity0.69×
$43BMarket cap$160B
expensiveGrowth qualityhealthy

Swedbank AB (publ) leads: 6 to 5 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.

Swedbank AB (publ)of which business quality 42 · market factors 84 DBS Group Holdingsof which business quality 61 · market factors 93
ProfitabilityMargins and returns on capital today
37
38
Quality GrowthAre margins and returns improving?
58
54
CashflowEarnings quality: real cash, not paper profit
0
84
Fin. StrengthBalance sheet, leverage, solvency risk
29
56
InvestmentDisciplined investing over empire-building
82
78
Low VolatilityCalm price path (market factor)
96
99
MomentumPrice trend over the last 3–12 months (market factor)
71
87
52W MomentumDistance to the 52-week high (market factor)
95
99
Net IssuanceBuybacks instead of dilution
81
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 familySwedbank AB (publ)Price SEK 376DBS Group HoldingsPrice S$76.15
Dividend Discountn/a-28%below the priceS$54.87
Multiples-12%close to the priceSEK 330-45%below the priceS$42.04
Asset-Based-64%below the priceSEK 135-79%below the priceS$16.26
Economic Profit-29%below the priceSEK 265-58%below the priceS$32.23
Minimum-64%below the priceSEK 135-79%below the priceS$16.26
Maximum-12%close to the priceSEK 330-28%below the priceS$54.87
Median-29%below the priceSEK 265-51%below the priceS$37.13
Geometric mean-39%below the priceSEK 228-56%below the priceS$33.16

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%.

Swedbank AB (publ): 3 of 4 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 case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Swedbank AB (publ)
Bear SEK 237Fair Value SEK 316Bull SEK 395
SEK 376 = current price (white tick)
DBS Group Holdings
Bear S$30.36Fair Value S$40.48Bull S$50.60
S$76.15 = current price (white tick)

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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.

Swedbank AB (publ) · Financials

Quality score48 · below median
Fair value upside-16% · below median

DBS Group Holdings · Financials

Quality score65 · Top 25%
Fair value upside-47% · bottom 25%

Bottom line

As of Aug 31, 2026, Fair Value Calculator sees Swedbank AB (publ) as the less overvalued of the two: Swedbank AB (publ) trades at SEK 376 versus a fair value of SEK 316 (-16%), while DBS Group Holdings trades at S$76.15 versus S$40.48 (-47%).

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

See the full analysis →
Swedbank AB (publ) · DBS Group Holdings

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