Djurslands Bank (DJUR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Djurslands Bank stock DKK 805, price DKK 1,175, that is 31.5% below the price, quality 52 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range kr 250.58 – kr 1,200 · fair‑value band kr 646.05 – kr 1,077 · the kr 1,175 price screens above the kr 805.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Djurslands Bank A/S provides various banking products and services in Denmark. The company offers saving and deposit accounts; clinic and practice financing, property financing, agriculture leasing, insurance, pension, and payment solutions, as well as self-service for businesses.
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It also provides private banking and wealth advisory services; investment advisory services; ATMs; and private, online, and mobile banking services, as well as debit and credit cards. In addition, the company offers money laundering and terrorist financing services.
It serves private customers, small and medium-sized enterprises, and public institutions. Djurslands Bank A/S was founded in 1906 and is based in Grenaa, Denmark.
Stock analysis
Djurslands Bank (DJUR) currently trades at kr 1,175, while our model-based Fair Value estimate is kr 805.31, 31% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of kr 861.39 per share, and 1 of the 6 models we run sit above the kr 1,175 price.
Bear case: the Dividend Discount group reads lowest at kr 94.26, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 646.05 (bear) to kr 1,077 (bull), the price of kr 1,175 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Djurslands Bank reported revenue of 785M DKK in FY2025 versus 387M DKK in FY2021, a compound +19.3%/yr. Reported net income was 250M DKK in FY2025, compounding +21.1%/yr from FY2021.
Key figures
Market cap 3.1B DKK (≈ $470M) Small · P/E ratio 11.6 · P/S ratio 4.24 · EPS (TTM) kr 101.49 · Dividend yield 1.7% · Net margin 37.0% · Return on equity 14.6% · Return on assets (EBIT) 1.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 70 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 50% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −31%, DJUR screens richer than that median.
Fair Value models
Bearkr 646.05Fair Value kr 805.31Bullkr 1,077
Price kr 1,175 · Downside -31.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 69.88 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−1.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.4%
Start year 2020 (pandemic). Over 10 years: +9.0% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+19.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.9%
Dividend (yield on the price)1.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.17.9% vs 15.7%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.16% → 42%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 996 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−31.5% · Below median
Profitability
Return on equity (12 months)14.6% · Top 25%
Return on assets1.5% · Top 25%
Net margin (12 months)37.0% · Above median
Operating margin (12 months)49.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)25.8% · Top 25%
Dividend yield (12 months)1.7% · Below median
Balance sheet
Debt / equity0.03× · Lowest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Djurslands Bank Fair Value". https://www.fairvalue-calculator.com/stock/DJUR
Frequently asked questions
Is Djurslands Bank (DJUR) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of kr 805.31 versus a price of kr 1,175, about 31% lower (overvalued).
What is the fair value of DJUR?
Our model-based fair value for Djurslands Bank is kr 805.31 (as of Nov 9, 2026), built from audited fundamentals. The current price: kr 1,175.
What is the quality score of DJUR?
Djurslands Bank has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Djurslands Bank (DJUR)?
Our model-based price target is the fair value of kr 805.31 (as of Nov 9, 2026) from 6 valuation models. Cautious scenario kr 646.05, optimistic scenario kr 1,077. It is a calculation from audited fundamentals, not an analyst target.
What is the Djurslands Bank stock forecast for 2026?
Our models put fair value at kr 805.31, about 31% lower versus a price of kr 1,175 (overvalued). Cautious scenario kr 646.05, optimistic scenario kr 1,077. The calculation is refreshed regularly with new filings.
What is the revenue of Djurslands Bank (DJUR)?
Djurslands Bank reported trailing-twelve-month revenue of about 742M DKK (latest available figure, as of Nov 9, 2026).
Does Djurslands Bank pay a dividend?
Djurslands Bank currently shows a dividend yield of 1.70% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Djurslands Bank (DJUR) and when is the ex-dividend date?
Djurslands Bank pays a dividend of kr 20.00 per share a year, a dividend yield of 1.7%. The last ex-dividend date was Mar 18, 2026. A dividend has been paid every year since 2022. The payout ratio is 19.7% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Djurslands Bank (DJUR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Djurslands Bank it is kr 805.31 per share (as of Nov 9, 2026), against a price of kr 1,175. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Djurslands Bank stock overvalued or undervalued in 2026?
As of Nov 9, 2026, DJUR trades above its calculated fair value: price kr 1,175, fair value kr 805.31, a gap of about −31% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DJUR?
No. The price is what the market pays today (kr 1,175); the fair value is what the company's own numbers justify (kr 805.31). For Djurslands Bank the two are kr 369.69 per share apart. That gap is exactly why we show both numbers side by side.
How much is Djurslands Bank worth?
The market values Djurslands Bank at about 3.1B DKK (market capitalisation, as of Nov 9, 2026). Per share that is kr 1,175; our models calculate a fair value of kr 805.31 per share.
What do the bullish and bearish scenarios say about DJUR?
Our models span a range for Djurslands Bank: cautious scenario kr 646.05, base kr 805.31, optimistic kr 1,077 per share (as of Nov 9, 2026, price kr 1,175). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DJUR?
Djurslands Bank trades at a price-to-earnings ratio of 11.6 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 805.31 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 7.5. Other multiples: P/B 1.6, P/S 4.2, EV/EBITDA 4.9.
How solid is the balance sheet of Djurslands Bank (DJUR)?
Balance-sheet figures for Djurslands Bank (as of Nov 9, 2026): return on equity 14.6%, debt of 0.03 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is DJUR from its 52-week high?
Djurslands Bank trades at kr 1,175, about 2% below its 52-week high of kr 1,200 and 50% above the low of kr 783.33 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 805.31 is for.
Which stocks are comparable to Djurslands Bank?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Djurslands Bank stock attractive at the current price?
The data as of Nov 9, 2026: price kr 1,175, calculated fair value kr 805.31 (−31%), Quality Score 52/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DJUR calculated?
We run Djurslands Bank through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 805.31 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Djurslands Bank itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Djurslands Bank (DJUR)?
The closing price on Nov 6, 2026 was kr 1,175. Our model-based fair value is kr 805.31, about 31% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Djurslands Bank right now?
The price sits above even our optimistic bull case (kr 1,077). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Djurslands Bank (DJUR) come from?
Earnings per share at Djurslands Bank grew +16.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.7 %, EBIT margin +6.7 %, tax rate −0.7 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Djurslands Bank
How large is the market capitalisation of Djurslands Bank (DJUR)?
The market capitalisation of Djurslands Bank is 3.1B DKK (≈ $470M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Djurslands Bank (DJUR)?
The price-to-sales ratio of Djurslands Bank is 4.24 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Djurslands Bank (DJUR)?
Earnings per share at Djurslands Bank are kr 101.49 (price ÷ EPS = P/E 11.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Djurslands Bank (DJUR)?
The dividend yield of Djurslands Bank is 1.7% (payout 19.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Djurslands Bank (DJUR)?
The net margin of Djurslands Bank is 37.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Djurslands Bank (DJUR)?
The return on equity (ROE) of Djurslands Bank is 14.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Djurslands Bank (DJUR)?
On an EBIT basis the return on assets of Djurslands Bank is 1.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Djurslands Bank (DJUR)?
The operating margin of Djurslands Bank is 49.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Djurslands Bank (DJUR)?
Revenue at Djurslands Bank is growing +25.8% versus a year earlier (3y avg +20.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Djurslands Bank (DJUR)?
Earnings per share at Djurslands Bank are growing +63.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Djurslands Bank (DJUR) generate?
The free cash flow of Djurslands Bank is 28.9M DKK (fiscal year 2022). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Djurslands Bank (DJUR) hold?
Djurslands Bank holds more cash than debt, 1.2B DKK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 9, 2026