DBS Group Holdings (FRA:DEV) Intrinsic Value: Projected FCF: €170.85 (As of Aug. 01, 2026) — 15154% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:DEV DBS Group Holdings Ltd FRA:DEV
66 GF Score
Price €200.00
GF Value €116.54
! 10 Warning Signs
View Full Analysis

What is DBS Group Holdings Intrinsic Value: Projected FCF?

DBS Group Holdings FRA:DEV 66 Intrinsic Value: Projected FCF is €170.85 as of Aug. 01, 2026, which is 100% below its 10-year median of 1.12. GuruFocus rates FRA:DEV with a GF Score™ of 66/100 and a GF Value™ of €116.54. The stock has 10 warning signs investors should review. Among 1,287 Banks companies, DBS Group Holdings ranks worse than 88.03% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-01), DBS Group Holdings's Intrinsic Value: Projected FCF is €170.85. The stock price of DBS Group Holdings is €200.00. Therefore, DBS Group Holdings's Price-to-Intrinsic-Value-Projected-FCF of today is 1.2.

The historical rank and industry rank for DBS Group Holdings's Intrinsic Value: Projected FCF or its related term are showing as below:

FRA:DEV' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.56   Med: 1.12   Max: 2.04
Current: 1.17

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of DBS Group Holdings was 2.04. The lowest was 0.56. And the median was 1.12.

FRA:DEV's Price-to-Projected-FCF is ranked worse than
88.03% of 1287 companies
in the Banks industry
Industry Median: 0.59 vs FRA:DEV: 1.17

DBS Group Holdings  (FRA:DEV) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

DBS Group Holdings's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=200.00/175.5658424673
=1.14

* 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.


DBS Group Holdings Intrinsic Value: Projected FCF Related Terms


DBS Group Holdings Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for DBS Group Holdings's Intrinsic Value: Projected FCF 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.

DBS Group Holdings Intrinsic Value: Projected FCF Chart

DBS Group Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 107.93 113.98 112.36 155.37 167.54

DBS Group Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Intrinsic Value: Projected FCF 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 72.20 76.07 65.19 167.54 0.00

FRA:DEV vs PNC, USB: Intrinsic Value: Projected FCF Comparison

For the Banks - Regional subindustry, DBS Group Holdings's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.


DBS Group Holdings Price-to-Projected-FCF vs Banks Industry

For the Banks industry and Financial Services sector, DBS Group Holdings's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where DBS Group Holdings's Price-to-Projected-FCF falls into.


FRA:DEV
66GF Score
DBS Group Holdings Ltd FRA:DEV
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DBS Group Holdings Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get DBS Group Holdings's Free Cash Flow(6 year avg) = €6,934.18.

DBS Group Holdings's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(12.782718065916*6934.1767142857+45566.296*0.8)/712.500
=175.57

* 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.

What does a Intrinsic Value: Projected FCF of €170.85 mean?
DBS Group Holdings (FRA:DEV) has a Intrinsic Value: Projected FCF of €170.85 as of Aug. 01, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on DBS Group Holdings and its competitors. This is 15154% above median its historical median of 1.12. Over the past decade, DBS Group Holdings' Intrinsic Value: Projected FCF has ranged from 0.56 to 2.04. According to the industry distribution chart, DBS Group Holdings ranks #1133 out of 1287 companies in the Banks industry, placing it in the top 88%.
Is DBS Group Holdings' Intrinsic Value: Projected FCF too high?
DBS Group Holdings' current Intrinsic Value: Projected FCF of €170.85 is 15154% above median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 2.04. Based on the distribution chart, DBS Group Holdings ranks #1133 out of 1287 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, DBS Group Holdings has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does DBS Group Holdings' Intrinsic Value: Projected FCF compare to PNC and USB?
According to the Banks industry distribution chart, DBS Group Holdings ranks #1133 out of 1287 companies for Intrinsic Value: Projected FCF. This places DBS Group Holdings in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.59. Historically, DBS Group Holdings' own Intrinsic Value: Projected FCF has ranged from 0.56 to 2.04 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Banks company?
The median Intrinsic Value: Projected FCF among Banks companies is 0.59, based on 1,287 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on DBS Group Holdings and its competitors. For the Banks industry, the median Intrinsic Value: Projected FCF is 0.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DBS Group Holdings's current Intrinsic Value: Projected FCF is €170.85, which is 15154% above median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DBS Group Holdings stock overvalued right now?
DBS Group Holdings (FRA:DEV) has a current Intrinsic Value: Projected FCF of €170.85. The stock's GF Value™ is €116.54, compared to a current price of €200.00 — trading 71.6% above its estimated fair value. The current Intrinsic Value: Projected FCF is €170.85, which is 15154% above median its 10-year median of 1.12. DBS Group Holdings' overall GF Score™ is 66/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For DBS Group Holdings (FRA:DEV), the current Intrinsic Value: Projected FCF is €170.85 as of Aug. 01, 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 DBS Group Holdings (FRA:DEV) Overvalued in 2026?

Based on GuruFocus' analysis, DBS Group Holdings stock appears to be overvalued. The current stock price of €200.00 is trading 71.6% above its estimated GF Value™ of €116.54.

Key valuation signals for FRA:DEV:

  • Intrinsic Value: Projected FCF: €170.85 (15154% above median its 10-year median of 1.12)
  • GF Value™: €116.54 vs. price of €200.00 (71.6% above fair value)
  • GF Score™: 66/100 with 10 warning signs

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


DBS Group Holdings Business Description

Address 12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Singapore, SGP, 018982
DBS Group is a Singapore-based banking group offering a full range of services to consumers, small to midsize enterprises, and corporations and institutions. Its main presence is in Singapore and Greater China. The acquisition of Lakshmi Vilas Bank has strengthened DBS' operations in India, and the acquisition of Citibank's Taiwan operation should bring additional growth in Greater China. DBS' wealth management division is one of the largest in Asia, with assets under management of SGD 492 billion as of March 2026.
66GF Score

Get the complete analysis for FRA:DEV

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€200.00
Price
€116.54
GF Value