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STOCK COMPARISON

DBS Group Holdings vs mBank: Fair Value & Quality

Both stocks run through our valuation models. Here is how DBS Group Holdings (D05) and mBank (MBK) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees mBank as the less overvalued of the two: DBS Group Holdings trades at S$78.65 versus a fair value of S$40.48 (-49%), while mBank trades at PLN 1,409 versus PLN 857 (-39%).
DBS Group Holdings
D05.SG · SGD · Financials
-49%
upside to fair value
overvalued
PriceS$78.65
Fair ValueS$40.48
Quality65/100
mBank
MBK.WAR · PLN · Financials
-39%
upside to fair value
overvalued
PricePLN 1,409
Fair ValuePLN 857
Quality62/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

DBS Group HoldingsmBank
Valuation
18.7×P/E (TTM)15.4×
7.23×P/S (TTM)1.29×
2.34×P/B0.73×
3.44×PEG0.50×
−48.5%Fair value upside−39.2%
3.6%Dividend yield0.4%
S$2.85Dividend per share—
Profitability
60%Operating margin53%
0.99×EBIT margin trend (5Y)3.72×
16%Return on equity19%
1%Return on assets1%
Growth
3%Revenue growth (YoY)4%
11.6%Avg. growth/yr (3Y)15.9%
9.4%Avg. growth/yr (5Y)18.6%
+12.6%Value creation/yr+36.7%
Balance & size
0.6×Interest coverage (EBIT/interest)1.1×
0.69×Debt / equity0.93×
$161BMarket cap$16B
healthyGrowth qualitymixed

mBank leads: 4 to 10 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

DBS Group Holdingsof which business quality 61 · market factors 96 mBankof which business quality 59 · market factors 86
ProfitabilityMargins and returns on capital today
38
39
Quality GrowthAre margins and returns improving?
54
58
CashflowEarnings quality: real cash, not paper profit
84
78
Fin. StrengthBalance sheet, leverage, solvency risk
56
57
InvestmentDisciplined investing over empire-building
78
42
Low VolatilityCalm price path (market factor)
99
76
MomentumPrice trend over the last 3–12 months (market factor)
91
87
52W MomentumDistance to the 52-week high (market factor)
100
95
Net IssuanceBuybacks instead of dilution
65
81

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyDBS Group HoldingsPrice S$78.65mBankPrice PLN 1,409
Dividend Discount-30%below the priceS$54.87-94%below the pricePLN 90.16
Multiples-47%below the priceS$42.04-37%below the pricePLN 894
Asset-Based-79%below the priceS$16.26-76%below the pricePLN 337
Economic Profit-59%below the priceS$32.23-46%below the pricePLN 766
Minimum-79%below the priceS$16.26-94%below the pricePLN 90.16
Maximum-30%below the priceS$54.87-37%below the pricePLN 894
Median-53%below the priceS$37.13-61%below the pricePLN 552
Geometric mean-58%below the priceS$33.16-73%below the pricePLN 380

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

DBS Group Holdings: 6 of 6 models see the stock below the current price.

mBank: 6 of 6 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

DBS Group Holdings
Bear S$30.36Fair Value S$40.48Bull S$50.60
S$78.65 = current price (white tick)
mBank
Bear PLN 643Fair Value PLN 857Bull PLN 1,071
PLN 1,409 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

DBS Group Holdings · Financials

Quality score65 · Top 25%
Fair value upside-49% · bottom 25%

mBank · Financials

Quality score62 · Top 25%
Fair value upside-39% · bottom 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees mBank as the less overvalued of the two: DBS Group Holdings trades at S$78.65 versus a fair value of S$40.48 (-49%), while mBank trades at PLN 1,409 versus PLN 857 (-39%).

DBS Group Holdings has the higher quality score (65/100).

See the full analysis →
DBS Group Holdings · mBank

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.