Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
DNB Bank ASACHIX:DNBO 70 Debt-to-Equity is 3.52 as of Jun. 2026, which is 1% below its 10-year median of 3.57. GuruFocus rates CHIX:DNBO with a GF Score™ of 70/100 and a GF Value™ of kr267.11 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,421 Banks companies, DNB Bank ASA ranks worse than 94.23% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for DNB Bank ASA's Debt-to-Equity or its related term are showing as below:
CHIX:DNBo'
s Debt-to-Equity Range Over the Past 10 Years
Min: 3.02 Med: 3.57 Max: 4.22
Current: 3.52
During the past 13 years, the highest Debt-to-Equity Ratio of DNB Bank ASA was 4.22. The lowest was 3.02. And the median was 3.57.
CHIX:DNBo's Debt-to-Equity is ranked worse than 94.23% of 1421
companies
in the Banks industry
Industry Median: 0.57
vs CHIX:DNBo: 3.52
DNB Bank ASA (CHIX:DNBo) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
DNB Bank ASA Debt-to-Equity Related Terms
DNB Bank ASA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for DNB Bank ASA's Debt-to-Equity 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.
For the Banks - Regional subindustry, DNB Bank ASA's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
DNB Bank ASA Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, DNB Bank ASA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where DNB Bank ASA's Debt-to-Equity falls into.
* 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.
DNB Bank ASA (CHIX:DNBO) has a Debt-to-Equity of 3.52 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on DNB Bank ASA and its competitors. This is near median its historical median of 3.57. Over the past decade, DNB Bank ASA's Debt-to-Equity has ranged from 3.02 to 4.22. According to the industry distribution chart, DNB Bank ASA ranks #1339 out of 1421 companies in the Banks industry, placing it in the top 94.2%.
Is DNB Bank ASA's Debt-to-Equity too high?
DNB Bank ASA's current Debt-to-Equity of 3.52 is near median its 10-year median of 3.57. Over the past 10 years, this metric has ranged from a low of 3.02 to a high of 4.22. The Banks industry median Debt-to-Equity is 0.57. DNB Bank ASA's value of 3.52 is 517.5% above this industry median. Based on the distribution chart, DNB Bank ASA ranks #1339 out of 1421 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, DNB Bank ASA has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DNB Bank ASA's Debt-to-Equity compare to competitors?
According to the Banks industry distribution chart, DNB Bank ASA ranks #1339 out of 1421 companies for Debt-to-Equity. This places DNB Bank ASA in the lower half of its industry. The industry median Debt-to-Equity is 0.57. DNB Bank ASA's value of 3.52 is 517.5% above this benchmark. Historically, DNB Bank ASA's own Debt-to-Equity has ranged from 3.02 to 4.22 over the past decade. While the company's 10-year median is 3.57 vs. the industry median of 0.57, DNB Bank ASA 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 Debt-to-Equity for a Banks company?
The median Debt-to-Equity among Banks companies is 0.57, based on 1,421 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DNB Bank ASA's current Debt-to-Equity of 3.52 is 517.5% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on DNB Bank ASA and its competitors. For the Banks industry, the median Debt-to-Equity is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DNB Bank ASA's current Debt-to-Equity is 3.52, which is near median its own 10-year median of 3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DNB Bank ASA stock overvalued right now?
Based on GuruFocus' analysis, DNB Bank ASA (CHIX:DNBO) is currently considered Modestly Overvalued. The stock's GF Value™ is kr267.11, compared to a current price of kr298.05 — trading 11.6% above its estimated fair value. The current Debt-to-Equity is 3.52, which is near median its 10-year median of 3.57 and 517.5% above the Banks industry median of 0.57. DNB Bank ASA's overall GF Score™ is 70/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For DNB Bank ASA (CHIX:DNBO), the current Debt-to-Equity is 3.52 as of Jun. 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 DNB Bank ASA (CHIX:DNBO) Overvalued in 2026?
Based on GuruFocus' analysis, DNB Bank ASA stock appears to be overvalued.
The current stock price of kr298.05 is trading 11.6% above its estimated GF Value™ of kr267.11.
GuruFocus considers DNB Bank ASA to be Modestly Overvalued.
Key valuation signals for CHIX:DNBO:
Debt-to-Equity: 3.52 (near median its 10-year median of 3.57)
GF Value™: kr267.11 vs. price of kr298.05 (11.6% above fair value)
Industry Position: 517.5% above the Banks median (#1339 of 1421)
No single metric tells the full story. See the CHIX:DNBO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DNB Bank ASA is a Norwegian financial services group offering financial products and services, including loans and deposits, mutual funds and asset management, life insurance and pension savings, payment and financing services, real estate broking, and services related to the money and capital markets. DNB has the following operating segments: Personal customers, Corporate customers Norway, Large corporates and international customers, and Others. Maximum revenue is generated from its Large corporates and international customers business, which caters to corporate customers across different industries, providing them with various banking and advisory services as well as access to online and mobile banking, and other digital services. DNB derives maximum revenue from its Banking activities.
70GF Score
Get the complete analysis for CHIX:DNBO
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHIX:DNBO has been successfully added to your 
