Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · View financials
Decision snapshot: DFS stock price vs BKH: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at BKH's multiple
Needs BKH P/E.
Implied fair value · at DFS's multiple
Needs DFS P/E.
Live quote
Price unavailable
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Lower is better
Lower is better
Profitability edge
Asset efficiency edge
Lower is better
Statements
Bank-focused income statement and equity metrics aligned to the reporting windows.
SEC periods: DFS FY 2024 (ended Dec 31, 2024) · BKH FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Ten fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / book
Market cap
—
Tangible equity
$17.58B
Price / tangible book
—
Price / book
—
Return on equity
25.3%
Return on assets
3.1%
Efficiency ratio
36.7%
Price / book
Market cap
—
Tangible equity
$2.52B
Price / tangible book
—
Price / book
—
Return on equity
7.6%
Return on assets
2.7%
Efficiency ratio
—
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
DISCOVER FINANCIAL SERVICES · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
Black Hills Corporation · implied price per share
Bear
$15.58
Base
$18.33
Bull
$21.09
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.91x
1.26x
Net debt / EBITDA
Leverage against operating earnings
-0.40x
6.31x
Cash and equivalents
Liquid reserves on the balance sheet
$23.10B
$182.80M
Total debt
Interest-bearing obligations outstanding
$16.37B
$4.83B
Comparable set
Where the pair sits against the wider banking comparable set.
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