What is the current valuation of DBS shares?

DBS shares trade around 15 times trailing EPS of S$3.82 and about 2.37 times book value. That premium reflects a strong franchise and a roughly 15% ROE. Upside may depend on sustained fee income, stable credit costs, and clear capital return execution.

How attractive is the DBS dividend yield now?

The TTM yield is about 4.96% based on S$2.85 dividends at S$57.50. Management guidance suggests a forward yield near 5.6% with potential top-ups through 2027. Yield support looks solid if credit costs stay contained and earnings remain near current run rates.

What did DBS Q4 results reveal?

DBS Q4 results missed forecasts as NIM narrowed to 1.93% and provisions rose, signaling late-cycle pressure. Management flagged rate headwinds into 2026, so margins may stay tight. Investors are watching fee trends, credit quality, and delivery of planned capital returns.

Are DBS shares a buy after the pullback?

It depends on your goals. Income investors may like the near 5% TTM yield and planned capital returns. Valuation is not cheap, so upside may be gradual. Consider adding on dips near support and reassess if margins or credit costs worsen.

Global Market Insights

D05.SI Stock Today: Yield vs Valuation After Pullback – February 12

ByDanny Kontos February 12, 2026

DBS shares are in focus after a pullback on a Q4 profit miss and narrower net interest margin of 1.93%. Income investors note a roughly 5.6% forward yield and a pledge to return surplus capital through 2027, while valuation watchers see premium multiples. We track D05.SI at S$57.50, about 4% below its S$60.00 high. Here is how the yield case stacks up against DBS valuation, plus what the latest results and outlook mean for Singapore investors.