DNB Bank ASACHIX:DNBO -1.67%72 PB Ratio is 1.43 as of Jun. 24, 2026, which is 22% above its 10-year median of 1.17. GuruFocus rates CHIX:DNBO with a GF Score™ of 72/100 and a GF Value™ of kr265.57 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,516 Banks companies, DNB Bank ASA ranks worse than 74.67% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-24), DNB Bank ASA's share price is kr294.85. DNB Bank ASA's Book Value per Share for the quarter that ended in Mar. 2026 was kr206.66. Hence, DNB Bank ASA's PB Ratio of today is 1.43.
Warning Sign:
DNB Bank ASA stock PB Ratio (=1.43) is close to 10-year high of 1.51.
The historical rank and industry rank for DNB Bank ASA's PB Ratio or its related term are showing as below:
CHIX:DNBo'
s PB Ratio Range Over the Past 10 Years
Min: 0.7 Med: 1.17 Max: 1.51
Current: 1.43
During the past 13 years, DNB Bank ASA's highest PB Ratio was 1.51. The lowest was 0.70. And the median was 1.17.
CHIX:DNBo's PB Ratio is ranked worse than 74.67% of 1516
companies
in the Banks industry
Industry Median: 1.08
vs CHIX:DNBo: 1.43
During the past 12 months, DNB Bank ASA's average Book Value Per Share Growth Rate was 4.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of DNB Bank ASA was 24.50% per year. The lowest was 1.40% per year. And the median was 8.50% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
DNB Bank ASA PB Ratio Related Terms
DNB Bank ASA PB Ratio Historical Data
* Premium members only.
The historical data trend for DNB Bank ASA's PB 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.
For the Banks - Regional subindustry, DNB Bank ASA's PB Ratio, along with its competitors' market caps and PB 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.
DNB Bank ASA PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, DNB Bank ASA's PB Ratio distribution charts can be found below:
* The bar in red indicates where DNB Bank ASA's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
DNB Bank ASA's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
DNB Bank ASA (CHIX:DNBO) has a PB Ratio of 1.43 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on DNB Bank ASA and its competitors. This is 22% above median its historical median of 1.17. Over the past decade, DNB Bank ASA's PB Ratio has ranged from 0.70 to 1.51. According to the industry distribution chart, DNB Bank ASA ranks #1132 out of 1516 companies in the Banks industry, placing it in the top 74.7%.
Is DNB Bank ASA's PB Ratio too high?
DNB Bank ASA's current PB Ratio of 1.43 is 22% above median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 1.51. The Banks industry median PB Ratio is 1.08. DNB Bank ASA's value of 1.43 is 32.4% above this industry median. Based on the distribution chart, DNB Bank ASA ranks #1132 out of 1516 companies in the Banks industry, which is below the industry midpoint. Overall, DNB Bank ASA has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DNB Bank ASA's PB Ratio compare to competitors?
According to the Banks industry distribution chart, DNB Bank ASA ranks #1132 out of 1516 companies for PB Ratio. This places DNB Bank ASA in the lower half of its industry. The industry median PB Ratio is 1.08. DNB Bank ASA's value of 1.43 is 32.4% above this benchmark. Historically, DNB Bank ASA's own PB Ratio has ranged from 0.70 to 1.51 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 1.08, 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 PB Ratio for a Banks company?
The median PB Ratio among Banks companies is 1.08, based on 1,516 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. DNB Bank ASA's current PB Ratio of 1.43 is 32.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on DNB Bank ASA and its competitors. For the Banks industry, the median PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DNB Bank ASA's current PB Ratio is 1.43, which is 22% above median its own 10-year median of 1.17. 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 kr265.57, compared to a current price of kr294.85 — trading 11% above its estimated fair value. The current PB Ratio is 1.43, which is 22% above median its 10-year median of 1.17 and 32.4% above the Banks industry median of 1.08. DNB Bank ASA's overall GF Score™ is 72/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For DNB Bank ASA (CHIX:DNBO), the current PB Ratio is 1.43 as of Jun. 24, 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 kr294.85 is trading 11% above its estimated GF Value™ of kr265.57.
GuruFocus considers DNB Bank ASA to be Modestly Overvalued.
Key valuation signals for CHIX:DNBO:
PB Ratio: 1.43 (22% above median its 10-year median of 1.17)
GF Value™: kr265.57 vs. price of kr294.85 (11% above fair value)
Industry Position: 32.4% above the Banks median (#1132 of 1516)
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.
72GF Score
Get the complete analysis for CHIX:DNBO
PB Ratio 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 
