Rankings Financial data & insurance broking Jyske Bank
Jyske Bank
82
15070100
A view of the same findings, not a new score. How it works
A strong score: the model found few serious problems, but analysts see limited upside from here.
Biggest deductions
- Multiples vs own history−7
- Quality of growth−4
- Return on capital−3
Strengths
- Dividend and buybacks+3
- Capital+1
- Fee growth+1
How the score is built
From 100 to 82, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 1,083 DKK
- Median analyst target
- 1,190 DKK
- Upside to median
- +9.9%
- Analysts
- 6
- Target range
- 1,090 – 1,340 DKK
- 52-week change
- +43%
- P/E (trailing)
- 12.9
- Forward P/E
- 11.3
- PEG
- n/a
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 2 findings−7 of −30
- −4Quality of growthCore income fell 2% in H1 2026 to DKK 6.39bn, net interest income fell on lower short rates, and loans and guarantees were unchanged (DKK 589bn). Guidance of DKK 4.3–5.1bn after tax for 2026 is below the 2025 result of 5.15bn; EPS growth comes from buybacks, not the business.
- −3Return on capitalROE 10.3% (10.5% in 2025, 13.7% in 2023) vs about 14% at Danske Bank and 20% at Ringkjøbing Landbobank; ROA only 0.7%.
Price
Today's multiples against the company's own history and its peers. · 2 findings−9 of −35
- −7Multiples vs own historyP/B 1.21 vs 0.60–0.98 in 2021–2025, trailing P/E 13.0 vs 5.4–9.9 and forward P/E 12.5 vs 6.3–11.0. The share price has almost tripled since 2023, while EPS has fallen from DKK 89 to 86. The whole re-rating is priced in.
- −2PeersThe trailing P/E of 13.0 is in line with Danske Bank (13.0), even though ROE is about 3.5 percentage points lower and earnings are expected to fall; P/B of 1.21 is lower than Danske (1.82), but reflects the lower return.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−3 of −35
- −1Credit qualityImpairments of only DKK 40m in H1 2026 and a record-low stage 3 share; the level can only go one way in a downturn (partly cushioned by DKK 1.8bn of management overlays).
- −1M&APurchase of Formuepleje (about DKK 40bn under management, about 100 employees) agreed on 2 Sept 2026; the bank only expects a positive EPS effect from 2028, and integrating an independent asset manager with its own customer brand is an execution risk.
- −1GovernanceInsiders own only 0.15% of the shares; COO Peter Schleidt steps down at the end of September 2026.
Plus
Only documented strengths. · 3 findings+5 of +15
- +3Dividend and buybacksA buyback programme of up to DKK 3bn (Feb 2026–Jan 2027) plus a dividend of DKK 25 (about 1.4bn) is below net profit of about DKK 5.0bn; the share count has fallen 4.9% in a year.
- +1CapitalCET1 15.7% and total capital ratio 21.0% at the end of H1 2026 despite large buybacks.
- +1Fee growthRising fee income from asset management, pensions and insurance; Formuepleje is expected to add just over DKK 200m in annual net fees, and the bank is no. 1 in Private Banking for the 11th year in a row.
Caveats
What the score does not capture, or where the data is weak.
Bank: EV, ROIC and FCF are not meaningful (stockanalysis shows negative FCF due to lending movements); valued on P/B and P/E, and payouts are measured against net income. The share is +57% over one year and above the median analyst price target. Mortgage, agriculture and property exposure have not been examined separately.
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