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Jyske Bank A/S (JYSK) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Jyske Bank A/S DKK 921, price DKK 1,101, upside -16.4%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Financial Services · DK · ISIN DK0010307958

JB Jyske Bank A/S logo Broad data Sep 24, 2026

Jyske Bank A/S

JYSK · CO

Weak valuationQuality is weak on top of the rich price.

!Fair value kr 920.90 · Overvalued (−16%)
!Quality 47/100
!Expensive Growth (revenue 5y +18.4 %/yr)
✓Highly profitable · 36.8% net margin (TTM)
!High debt · negative free cash flow
·2.27% dividend yield
!Trails peers (4/14)
✓Wide moat 66/100
!Weak on valuation: 11 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 1,112 kr 234.28 Fair Value kr 920.90 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range kr 234.28 – kr 1,112 · fair‑value band kr 777.59 – kr 1,417 · the kr 1,101 price screens above the kr 920.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Jyske Bank A/S provides financial solutions in Denmark and Germany. The company operates through Banking Activities, Mortgage Activities, and Leasing Activities segments.

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Jyske Bank A/S provides financial solutions in Denmark and Germany. The company operates through Banking Activities, Mortgage Activities, and Leasing Activities segments. The Banking Activities segment provides advisory services relating to traditional financial solutions for personal, private banking, and corporate customers; and trading and investment services, including trading in interest rate products, currencies, equities, commodities, and derivatives for corporate and institutional customers. The Mortgage Activities segment offers financial solutions for the financing of real property to Danish personal customers, corporate customers, and subsidized rental housing. The Leasing Activities segment provides financial solutions in the form of leasing and financing within car financing, as well as leasing and financing of equipment for the corporate sector. The company also offers pension and insurance products; investment and asset-management products; and payment and advisory services, as well as online and mobile banking services. Jyske Bank A/S was incorporated in 1917 and is based in Silkeborg, Denmark.

Stock analysis

Jyske Bank A/S (JYSK) currently trades at kr 1,101, while our model-based Fair Value estimate is kr 920.90, implying the stock looks roughly 19.6% overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of kr 1,168 per share, and 2 of the 6 models we run sit above the kr 1,101 price.

Bear case: the Dividend Discount group reads lowest at kr 404.77, and 4 of the 6 models stay below the price. Evidence for this calculation is high.

Scenario range: kr 777.59 (bear) to kr 1,417 (bull), the price of kr 1,101 sits inside 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 47/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Jyske Bank A/S reported revenue of 26.7B DKK in FY2025 versus 12.9B DKK in FY2021, a compound +19.8%/yr. Reported net income was 5.2B DKK in FY2025, compounding +12.8%/yr from FY2021.

Key figures

Market cap 66.3B DKK (≈ $10.1B) · P/E ratio 13.3 · P/S ratio 2.56 · EPS (TTM) kr 83.08 · Dividend yield 2.3% · Net margin 19.3% · Return on equity 10.3% · Return on assets (EBIT) 0.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).

What moves the price

The share trades about 1% below its 52-week high and 62% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −16%, JYSK screens cheaper than that median.

Fair Value models

Bear kr 777.59 Fair Value kr 920.90 Bull kr 1,417
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 42.49 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. Evidence ⓘEvidence = 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.
Highest evidence
Residual Income kr 750.39 kr 853.84 kr 1,509 74
Gordon GGM kr 249.49 kr 518.74 kr 822.93 66
DDM Multi-Stage kr 249.49 kr 404.77 kr 544.43 66
All 6 models by family
Dividend Discount
Gordon GGM kr 249.49 kr 518.74 kr 822.93 66
DDM Multi-Stage kr 249.49 kr 404.77 kr 544.43 66
Multiples
P/E Multiple kr 884.24 kr 1,179 kr 1,474 63
P/B Multiple kr 876.04 kr 1,168 kr 1,460 55
Asset-Based
NCAV (Graham) kr 417.16 kr 559.00 kr 834.32 54
Economic Profit
Residual Income kr 750.39 kr 853.84 kr 1,509 74

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Quality Score breakdown

Overall quality 47/100

Of which business quality 41 · Market factors (momentum, volatility) 91

Profitability 31
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 83
Price trend over the last 3–12 months (market factor)
52W Momentum 99
Distance to the 52-week high (market factor)
Net Issuance 100
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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 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.
+33.5%
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.
+18.4%
Revenue growth 24 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.
+6.0%
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.
+24.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.5%
Dividend (yield on the price)2.3%
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.23% vs 10%, picking up
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.17% → 27%
Start year 2020 (pandemic)

JYSK screens 20% overvalued. Compare with DBS Group →

Earlier news

News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.

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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 · 1074 stocks

Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score 51 · Below median
Fair Value upside −17% · Below median
Profitability
Return on equity (TTM) 10% · Above median
Return on assets 1% · Below median
Net margin (TTM) 37% · Above median
Operating margin (TTM) 46% · Above median
Growth and dividend
Revenue growth −8% · Bottom 25%
Dividend yield (TTM) 2.3% · Below median
Balance sheet
Debt / equity 6.39× · Highest 25%

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (TTM) 13.3× · Pricier than median
P/B 1.41× · Pricier than median
P/S (TTM) 4.71× · Priciest 25%
EV/EBITDA 43.0× · Priciest 25%
PEG 0.86× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)11 · sector 12
FUTURE (revenue growth)0 · sector 45
PAST (return on equity)41 · sector 41
HEALTH (low debt)0 · sector 85
DIVIDEND (yield)45 · sector 53

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
DBS Group D05 77.80 SGD 40.48 SGD −48%
China Merchants Bank Co 3968 HK$51.65 HK$64.29 +24%
Intesa Sanpaolo S.p.A ISP €6.73 €4.04 −40%
HDFC Bank Limited HDFCBANK ₹738.60 ₹418.52 −43%
BNP Paribas SA BNP €101.30 €105.99 +5%
UniCredit S.p.A UCG €83.28 €77.62 −7%
Mizuho Financial Group MFG $10.87 $6.75 −38%
ICICI Bank Limited ICICIBANK ₹1,340 ₹636.31 −53%
The PNC Financial Services Group PNC $227.96 $159.52 −30%
Oversea-Chinese Banking Corporation O39 32.14 SGD 19.80 SGD −38%

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Jyske Bank A/S · Fair Value
kr 920.90 −20%Fair Value
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Cite: Fair Value Calculator (2026). "Jyske Bank A/S Fair Value". https://www.fairvalue-calculator.com/stock/JYSK

Frequently asked questions

Is Jyske Bank A/S (JYSK) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 920.90 versus a price of kr 1,101, about −16% upside (overvalued).
What is the fair value of JYSK?
Our model-based fair value for Jyske Bank A/S is kr 920.90 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 1,101.
What is the quality score of JYSK?
Jyske Bank A/S has a Quality Score of 47/100. 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 Jyske Bank A/S (JYSK)?
Our model-based price target is the fair value of kr 920.90 (as of Sep 24, 2026) from 6 valuation models. Cautious scenario kr 777.59, optimistic scenario kr 1,417. It is a calculation from audited fundamentals, not an analyst target.
What is the Jyske Bank A/S stock forecast for 2026?
Our models put fair value at kr 920.90, about −16% upside versus a price of kr 1,101 (overvalued). Cautious scenario kr 777.59, optimistic scenario kr 1,417. The calculation is refreshed regularly with new filings.
What is the revenue of Jyske Bank A/S (JYSK)?
Jyske Bank A/S reported trailing-twelve-month revenue of about 14.2B DKK (latest available figure, as of Sep 24, 2026).
Does Jyske Bank A/S pay a dividend?
Jyske Bank A/S currently shows a dividend yield of about 2.27% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Jyske Bank A/S (JYSK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jyske Bank A/S it is kr 920.90 per share (as of Sep 24, 2026), against a price of kr 1,101. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Jyske Bank A/S stock overvalued or undervalued in 2026?
As of Sep 24, 2026, JYSK trades above its calculated fair value: price kr 1,101, fair value kr 920.90, a gap of about −16% (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 JYSK?
No. The price is what the market pays today (kr 1,101); the fair value is what the company's own numbers justify (kr 920.90). For Jyske Bank A/S the two are kr 180.10 per share apart. That gap is exactly why we show both numbers side by side.
How much is Jyske Bank A/S worth?
The market values Jyske Bank A/S at about 66.3B DKK (market capitalisation, as of Sep 24, 2026). Per share that is kr 1,101; our models calculate a fair value of kr 920.90 per share.
What do the bullish and bearish scenarios say about JYSK?
Our models span a range for Jyske Bank A/S: cautious scenario kr 777.59, base kr 920.90, optimistic kr 1,417 per share (as of Sep 24, 2026, price kr 1,101). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of JYSK?
Jyske Bank A/S trades at a price-to-earnings ratio of 13.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 920.90 is built from several models across several years. Other multiples: PEG 0.9, P/B 1.4, P/S 4.7, EV/EBITDA 43.0.
What is the PEG ratio of JYSK?
The PEG ratio of Jyske Bank A/S is 0.86 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Jyske Bank A/S (JYSK)?
Balance-sheet figures for Jyske Bank A/S (as of Sep 24, 2026): return on equity 10.3%, debt of 6.39 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is JYSK from its 52-week high?
Jyske Bank A/S trades at kr 1,101, about 1% below its 52-week high of kr 1,112 and 62% above the low of kr 680.66 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 920.90 is for.
Which stocks are comparable to Jyske Bank A/S?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, 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 Jyske Bank A/S stock attractive at the current price?
The data as of Sep 24, 2026: price kr 1,101, calculated fair value kr 920.90 (−16%), Quality Score 47/100, 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 JYSK calculated?
We run Jyske Bank A/S through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 920.90, 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 14.1 % above its aggregate fair value. Jyske Bank A/S 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 Jyske Bank A/S (JYSK)?
The closing price on Sep 23, 2026 was kr 1,101. Our model-based fair value is kr 920.90, about −16% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jyske Bank A/S right now?
Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 777.59 to kr 1,417) leaves room in how you read the outcome. 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 Jyske Bank A/S (JYSK) come from?
Earnings per share at Jyske Bank A/S grew +12.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +12.6 %, EBIT margin +1.1 %, tax rate −1.5 %, residual (interest, one-offs) −0.1 %. 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 Jyske Bank A/S

How large is the market capitalisation of Jyske Bank A/S (JYSK)?
The market capitalisation of Jyske Bank A/S is 66.3B DKK (≈ $10.1B). 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 Jyske Bank A/S (JYSK)?
The price-to-sales ratio of Jyske Bank A/S is 2.56 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Jyske Bank A/S (JYSK)?
Earnings per share at Jyske Bank A/S are kr 83.08 (price ÷ EPS = P/E 13.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Jyske Bank A/S (JYSK)?
The dividend yield of Jyske Bank A/S is 2.3% (payout 30.1%). 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 Jyske Bank A/S (JYSK)?
The net margin of Jyske Bank A/S is 19.3% (fiscal year 2025). 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 Jyske Bank A/S (JYSK)?
The return on equity (ROE) of Jyske Bank A/S is 10.3% (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 Jyske Bank A/S (JYSK)?
On an EBIT basis the return on assets of Jyske Bank A/S is 0.8% (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 Jyske Bank A/S (JYSK)?
The operating margin of Jyske Bank A/S is 45.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jyske Bank A/S (JYSK)?
Revenue at Jyske Bank A/S is growing −8.1% versus a year earlier (3y avg +21.5%). 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 Jyske Bank A/S (JYSK)?
Earnings per share at Jyske Bank A/S are growing −12.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Jyske Bank A/S (JYSK) generate?
The free cash flow of Jyske Bank A/S is −11.4B DKK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Jyske Bank A/S (JYSK) carry?
The net debt of Jyske Bank A/S is 497B DKK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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