Danske Bank AS (CHIX:DANSKC) Cyclically Adjusted PS Ratio: 6.02 (As of Jul. 19, 2026) — 125% Above Median

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CHIX:DANSKC Danske Bank AS CHIX:DANSKC
65 GF Score
Price kr366.35
GF Value kr223.21
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Danske Bank AS Cyclically Adjusted PS Ratio?

Danske Bank AS CHIX:DANSKC -0.99% 65 Cyclically Adjusted PS Ratio is 6.02 as of Jul. 19, 2026, which is 125% above its 10-year median of 2.67. GuruFocus rates CHIX:DANSKC with a GF Score™ of 65/100 and a GF Value™ of kr223.21 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,303 Banks companies, Danske Bank AS ranks worse than 83.12% on this metric.

As of today (2026-07-19), Danske Bank AS's current share price is kr366.35. Danske Bank AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was kr60.83. Danske Bank AS's Cyclically Adjusted PS Ratio for today is 6.02.

The historical rank and industry rank for Danske Bank AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

CHIX:DANSKc' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.3   Med: 2.67   Max: 5.66
Current: 5.66

During the past years, Danske Bank AS's highest Cyclically Adjusted PS Ratio was 5.66. The lowest was 1.30. And the median was 2.67.

CHIX:DANSKc's Cyclically Adjusted PS Ratio is ranked worse than
83.12% of 1303 companies
in the Banks industry
Industry Median: 3.39 vs CHIX:DANSKc: 5.66

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Danske Bank AS's adjusted revenue per share data for the three months ended in Jun. 2026 was kr18.575. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is kr60.83 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Danske Bank AS  (CHIX:DANSKc) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Danske Bank AS Cyclically Adjusted PS Ratio Related Terms


Danske Bank AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Danske Bank AS's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Danske Bank AS Cyclically Adjusted PS Ratio Chart

Danske Bank AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.11 2.40 3.07 3.34 5.02

Danske Bank AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.14 4.29 5.02 4.88 5.40

Danske Bank AS Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Danske Bank AS's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Danske Bank AS Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Danske Bank AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Danske Bank AS's Cyclically Adjusted PS Ratio falls into.


CHIX:DANSKC
65GF Score
Danske Bank AS CHIX:DANSKC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Danske Bank AS Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Danske Bank AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=366.35/60.83
=6.02

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Danske Bank AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Danske Bank AS's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=18.575/122.6800*122.6800
=18.575

Current CPI (Jun. 2026) = 122.6800.

Danske Bank AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 13.245 100.200 16.217
201612 12.682 100.300 15.512
201703 14.236 101.200 17.258
201706 13.234 101.200 16.043
201709 13.427 101.800 16.181
201712 13.946 101.300 16.889
201803 13.819 101.700 16.670
201806 12.631 102.300 15.147
201809 13.879 102.400 16.628
201812 12.976 102.100 15.592
201903 13.283 102.900 15.836
201906 12.865 102.900 15.338
201909 13.205 102.900 15.743
201912 14.141 102.900 16.859
202003 12.275 103.300 14.578
202006 14.476 103.200 17.208
202009 13.421 103.500 15.908
202012 13.824 103.400 16.402
202103 14.004 104.300 16.472
202106 13.697 105.000 16.003
202109 13.634 105.800 15.809
202112 14.271 106.600 16.424
202203 12.514 109.900 13.969
202206 11.011 113.600 11.891
202209 12.643 116.400 13.325
202212 15.064 115.900 15.945
202303 15.551 117.300 16.264
202306 14.915 116.400 15.720
202309 15.042 117.400 15.719
202312 16.215 116.700 17.046
202403 16.423 118.400 17.017
202406 16.368 118.500 16.945
202409 16.146 118.900 16.659
202412 17.289 118.900 17.839
202503 16.697 120.200 17.041
202506 16.924 120.700 17.202
202509 16.623 121.600 16.771
202512 18.696 121.200 18.924
202603 17.203 121.680 17.344
202606 18.575 122.680 18.575

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 6.02 mean?
Danske Bank AS (CHIX:DANSKC) has a Cyclically Adjusted PS Ratio of 6.02 as of Jul. 19, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Danske Bank AS and its competitors. This is 125% above median its historical median of 2.67. Over the past decade, Danske Bank AS's Cyclically Adjusted PS Ratio has ranged from 1.30 to 5.66. According to the industry distribution chart, Danske Bank AS ranks #1083 out of 1303 companies in the Banks industry, placing it in the top 83.1%.
Is Danske Bank AS's Cyclically Adjusted PS Ratio too high?
Danske Bank AS's current Cyclically Adjusted PS Ratio of 6.02 is 125% above median its 10-year median of 2.67. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 5.66. The Banks industry median Cyclically Adjusted PS Ratio is 3.39. Danske Bank AS's value of 6.02 is 77.6% above this industry median. Based on the distribution chart, Danske Bank AS ranks #1083 out of 1303 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Danske Bank AS has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Danske Bank AS's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, Danske Bank AS ranks #1083 out of 1303 companies for Cyclically Adjusted PS Ratio. This places Danske Bank AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.39. Danske Bank AS's value of 6.02 is 77.6% above this benchmark. Historically, Danske Bank AS's own Cyclically Adjusted PS Ratio has ranged from 1.30 to 5.66 over the past decade. While the company's 10-year median is 2.67 vs. the industry median of 3.39, Danske Bank AS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.39, based on 1,303 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Danske Bank AS's current Cyclically Adjusted PS Ratio of 6.02 is 77.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Danske Bank AS and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Danske Bank AS's current Cyclically Adjusted PS Ratio is 6.02, which is 125% above median its own 10-year median of 2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Danske Bank AS stock overvalued right now?
Based on GuruFocus' analysis, Danske Bank AS (CHIX:DANSKC) is currently considered Significantly Overvalued. The stock's GF Value™ is kr223.21, compared to a current price of kr366.35 — trading 64.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.02, which is 125% above median its 10-year median of 2.67 and 77.6% above the Banks industry median of 3.39. Danske Bank AS's overall GF Score™ is 65/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Danske Bank AS (CHIX:DANSKC), the current Cyclically Adjusted PS Ratio is 6.02 as of Jul. 19, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Danske Bank AS (CHIX:DANSKC) Overvalued in 2026?

Based on GuruFocus' analysis, Danske Bank AS stock appears to be overvalued. The current stock price of kr366.35 is trading 64.1% above its estimated GF Value™ of kr223.21. GuruFocus considers Danske Bank AS to be Significantly Overvalued.

Key valuation signals for CHIX:DANSKC:

  • Cyclically Adjusted PS Ratio: 6.02 (125% above median its 10-year median of 2.67)
  • GF Value™: kr223.21 vs. price of kr366.35 (64.1% above fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 77.6% above the Banks median (#1083 of 1303)

No single metric tells the full story. See the CHIX:DANSKC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Danske Bank AS Business Description

Address Bernstorffsgade 40, Copenhagen, DNK, DK-1577
Founded in 1871, Danske Bank's headquarters are in Copenhagen, Denmark. It is the largest Danish bank with a dominant market share of 24% in lending and 27% in deposits. It operates through 144 branches in Denmark, Finland, Sweden, Norway, and Northern Ireland.
65GF Score

Get the complete analysis for CHIX:DANSKC

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr366.35
Price
kr223.21
GF Value