Best Danish Stocks: October 2026
Value 83: cheap on EV/EBITDA and cheap on P/E. Momentum 78: near its 52-week high and outperforming the market over 6 months. Quality 73: F-Score 8/9 and wide operating margins.
October 2026 edition · data as of ·biggest climb MAERSK-A.CO since September·Next edition forms ·How we score stocks·How past rankings did·All Denmark stocks, refreshed daily
Top 25 Danish Stocks by StockRank
- Biggest climbs: A.P. Møller - Mærsk A/S MAERSK-A.CO #12 to #9, GrønlandsBANKEN A/S GRLA.CO #10 to #8, Djurslands Bank A/S DJUR.CO #19 to #17
- Biggest falls: Zealand Pharma A/S ZEAL.CO #8 to #11, Vestas Wind Systems A/S VWS.CO #15 to #18, Brødrene A & O Johansen A/S AOJ-B.CO #3 to #4
What changed since September: rank moves only
- Biggest climbs: A.P. Møller - Mærsk A/S MAERSK-A.CO #12 to #9, GrønlandsBANKEN A/S GRLA.CO #10 to #8, Djurslands Bank A/S DJUR.CO #19 to #17
- Biggest falls: Zealand Pharma A/S ZEAL.CO #8 to #11, Vestas Wind Systems A/S VWS.CO #15 to #18, Brødrene A & O Johansen A/S AOJ-B.CO #3 to #4
| # | Stock | Yield | P/E | Score | Q | V | M | Style · Activity | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Yield 2.9% | P/E 10.2 | 100 Score | 73 Q | 83 V | 78 M | Full House | ||
| 2 | Quality 78: wide operating margins and F-Score 8/9. Value 74: cheap on P/E and cheap on EV/EBITDA. Momentum 64: estimates revised up and near its 52-week high. | Yield — | P/E 10.7 | 99 Score | 78 Q | 74 V | 64 M | Full HouseBuyback | |
| 3 | Momentum 78: near its 52-week high and quarterly earnings growing. Quality 68: wide operating margins and high return on equity. Value 64: a high yield and cheap on P/E. | Yield 11.5% | P/E 6.3 | 98 Score | 68 Q | 64 V | 78 M | Full House | |
| 4 | Momentum 74: near its 52-week high and above its moving averages. Value 68: cheap on sales and a high yield. Quality 61: F-Score 8/9 and high gross profitability. | Yield 3.7% | P/E 13.1 | 96 Score | 61 Q | 68 V | 74 M | Full House | |
| 5 | Quality 82: wide operating margins and F-Score 8/9. Momentum 74: near its 52-week high and outperforming the market over 6 months. Value 45: expensive on sales. | Yield 3.1% | P/E 23.0 | 96 Score | 82 Q | 45 V | 74 M | Premium Grower | |
| 6 | Momentum 79: near its 52-week high and above its moving averages. Quality 71: high return on equity and ROIC in the top 5% of its sector. Value 49: cheap on P/E but far above book value. | Yield 2.7% | P/E 11.6 | 95 Score | 71 Q | 49 V | 79 M | Premium Grower | |
| 7 | Momentum 87: above its moving averages and near its 52-week high. Quality 61: high gross profitability and strong free cash flow. Value 50: cheap on sales but far above book value. | Yield — | P/E 22.7 | 94 Score | 61 Q | 50 V | 87 M | Full HouseBuyback | |
| 8 | Momentum 85: near its 52-week high and outperforming the market over 6 months. Value 57: valuation ratios not meaningful for a financial. Quality 56: wide operating margins. | Yield 7.2% | P/E 10.3 | 94 Score | 56 Q | 57 V | 85 M | Full House | |
| 9 | Momentum 91: near its 52-week high and above its moving averages. Value 64: below book value. Quality 42: a weak F-Score 4/9. | Yield 2.2% | P/E 21.4 | 94 Score | 42 Q | 64 V | 91 M | Second Wind | |
| 10 | Momentum 80: near its 52-week high and estimates revised up. Quality 69: high gross profitability and high return on equity. Value 48: little or no yield. | Yield 0.9% | P/E 16.6 | 94 Score | 69 Q | 48 V | 80 M | Premium GrowerBuyback | |
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| 11 | Quality 85: wide operating margins and F-Score 9/9. Value 78: cheap on EV/EBITDA and cheap on P/E; P/FCF excluded. Momentum 32: estimates cut. | Yield — | P/E 7.2 | 93 Score | 85 Q | 78 V | 32 M | Unloved QualityBuyback | |
| 12 | Momentum 74: near its 52-week high and above its moving averages. Value 69: cheap on P/E and cheap on free cash flow. Quality 53: high return on equity but thin operating margins. | Yield 1.5% | P/E 8.7 | 93 Score | 53 Q | 69 V | 74 M | Full HouseDeep dive → | |
| 13 | Momentum 76: near its 52-week high and estimates revised up. Value 65: cheap on free cash flow and cheap on sales. Quality 49: strong free cash flow but low gross profitability. | Yield 2.1% | P/E 23.1 | 91 Score | 49 Q | 65 V | 76 M | Second WindBuyback | |
| 14 | Momentum 75: estimates revised up and near its 52-week high. Quality 67: high gross profitability and high return on equity. Value 48: cheap on sales but far above book value. | Yield 1.1% | P/E 17.1 | 91 Score | 67 Q | 48 V | 75 M | Premium GrowerBuyback | |
| 15 | Momentum 79: near its 52-week high and outperforming the market over 6 months. Quality 63: high return on equity and high gross profitability. Value 45: far above book value. | Yield — | P/E 26.2 | 89 Score | 63 Q | 45 V | 79 M | Premium Grower | |
| 16 | Quality 75: ROIC in the top 5% of its sector and high return on equity. Value 65: cheap on P/E and a high yield. Momentum 47: estimates revised up but EPS deteriorating. | Yield 4.2% | P/E 10.7 | 89 Score | 75 Q | 65 V | 47 M | Unloved QualityBuybackDeep dive → | |
| 17 | Momentum 79: near its 52-week high and outperforming the market over 6 months. Quality 59: high return on equity. Value 45: valuation ratios not meaningful for a financial. | Yield 1.9% | P/E 10.7 | 86 Score | 59 Q | 45 V | 79 M | Premium Grower | |
| 18 | Momentum 76: quarterly earnings growing and estimates revised up. Quality 74: high gross profitability and strong free cash flow. Value 32: little or no yield. | Yield 0.4% | P/E 25.2 | 86 Score | 74 Q | 32 V | 76 M | Premium GrowerBuyback | |
| 19 | Momentum 84: EPS improving and estimates revised up. Value 66: cheap on free cash flow and cheap on sales. Quality 31: a tight balance sheet. | Yield — | P/E — | 85 Score | 31 Q | 66 V | 84 M | Second Wind | |
| 20 | Quality 89: wide operating margins and ROIC in the top 5% of its sector. Momentum 71: estimates revised up and outperforming the market over 6 months. Value 21: far above book value. | Yield 1.4% | P/E 44.0 | 85 Score | 89 Q | 21 V | 71 M | Premium Grower | |
| 21 | Value 78: a high yield and cheap on P/E. Momentum 56: estimates revised up. Quality 46: wide operating margins. | Yield 6.1% | P/E 8.9 | 84 Score | 46 Q | 78 V | 56 M | Second Wind | |
| 22 | Quality 61: wide operating margins and strong free cash flow. Value 59: cheap on sales. Momentum 59: estimates revised up. | Yield — | P/E 19.1 | 83 Score | 61 Q | 59 V | 59 M | Full HouseBuyback | |
| 23 | Momentum 72: near its 52-week high and estimates revised up. Quality 61: wide operating margins and high return on equity. Value 43: mixed. | Yield — | P/E 27.4 | 81 Score | 61 Q | 43 V | 72 M | Premium Grower | |
| 24 | Quality 64: high gross profitability and ROIC in the top 15% of its sector. Momentum 60: EPS improving and estimates revised up. Value 49: cheap on EV/EBITDA. | Yield 2.3% | P/E — | 79 Score | 64 Q | 49 V | 60 M | Premium Grower | |
| 25 | Momentum 72: above its moving averages and near its 52-week high. Quality 53: wide operating margins. Value 45: valuation ratios not meaningful for a financial. | Yield 2.5% | P/E 11.3 | 76 Score | 53 Q | 45 V | 72 M | Premium Grower | |
Ranked by StockRank (Quality + Value + Momentum composite) at a minimum market cap of $250M. Yield and P/E are as of the data date; click a ticker for today’s price and score. A new edition is generated on the first scoring run of each month.
Active share buybacks in the 180 days to : Bavarian Nordic A/S BAVA.CO, NTG Nordic Transport Group A/S NTG.CO, SP Group A/S SPG.CO, Zealand Pharma A/S ZEAL.CO, Aktieselskabet Schouw & Co. SCHO.CO, ISS A/S ISS.CO and 3 more
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How Denmark scores
Where the top 25 come from, and how the whole Danish market sits against the global universe. StockRank is a global percentile, so the universe splits evenly into five bands by construction; a market that piles up on the right is scoring well as a whole.
Top 25 by sector
- Healthcare8
- Industrials8
- Financial Services3
- Consumer Defensive2
- Basic Materials1
- Communication Services1
- Other2
Share of Danish stocks by StockRank band
- 0-193% / 20%
- 20-3913% / 20%
- 40-5921% / 20%
- 60-7931% / 20%
- 80-10032% / 20%
Denmarkall markets
One Company, One Index, and What Is Underneath
Denmark is a country of six million people whose stock market is dominated by one drug company, one shipping line and a bench of industrial and healthcare specialists that lead their global niches: insulin, hearing aids, wind turbines, enzymes, container shipping, catalysts, pumps. It has been one of the best-performing markets in the world for a decade and it is priced accordingly. The list below is where Quality, Value and Momentum agree.
MoatMap scored 96 Danish stocks on 2026-10-01; 67 cleared the $250M market-cap floor this list applies. The market's average StockRank is 67. Industrials is the most represented sector in the top 10 (3 names).
Novo Nordisk is the first thing to understand about Copenhagen. At its peak it was larger than the entire Danish economy and made up close to half of the main index, so the OMX Copenhagen 25 is in effect one pharmaceutical company plus everything else, and every Danish index fund is a concentrated bet on GLP-1 drugs. A factor screen does not care about index weight, which is the point of this page: underneath Novo sits a market of genuinely distinct businesses, from Maersk in container shipping and DSV in freight forwarding to Orsted in offshore wind, Vestas in turbines, Coloplast and Demant in medical devices, Novonesis in enzymes and a long tail of listed banks, brewers and industrial companies that rarely reach an international portfolio.
The Danish market is priced as a quality market, and the Quality pillar reflects it: many of the specialists earn returns on capital that would rank highly anywhere, and their scores tend to cluster at the top of the band. The trade-off shows up in Value. Danish healthcare and industrial names have traded at premium multiples for years, so a Danish stock with a strong Value score is either a genuinely overlooked mid cap or a former favourite that has been sold off, and the Momentum pillar tells you which. Shipping is the exception to everything: Maersk and the tanker owners move with freight rates rather than with the economy, and their Value scores swing from one extreme to the other across a cycle.
Disclosure follows the EU Market Abuse Regulation and MoatMap reads the Danish filings through the Nordic feed. Persons discharging managerial responsibilities must report trades within three business days, and the notifications carry the person, the role, the instrument, the volume and the price; buybacks are disclosed as weekly aggregated reports, and Danish issuers run some of the most consistent buyback programmes in Europe. The director-buying and buyback callouts below the table draw on the Copenhagen rows of that feed.
Access is straightforward through most international brokers, and the largest names trade as US ADRs. Denmark is in the EU but not the euro: the krone is pegged to the euro within a narrow band, so a euro-based investor carries almost no currency risk while a dollar or sterling holder carries the euro's. Denmark withholds 27% on dividends paid to non-residents, reduced under treaties by reclaim, a process that has been slow in practice. Several Copenhagen listings, TORM and Embla Medical among them, keep a foreign registered office while trading here as their home market, and they appear on this page for that reason.
Frequently Asked Questions
- What are the top-ranked Danish stocks right now?
- The table above ranks MoatMap's top 25 Nasdaq Copenhagen stocks by StockRank, a composite of Quality (ROIC, F-Score, leverage), Value (P/E, EV/EBITDA, P/B, shareholder yield) and Momentum (price trend plus earnings revisions). It refreshes monthly with a stated data date, and each ticker links to a full score breakdown.
- Why is Novo Nordisk such a large part of the Danish market?
- Its GLP-1 diabetes and obesity drugs made it the most valuable company in Europe for a period, and at its peak it was close to half of the main Copenhagen index. Every Danish index fund is therefore a concentrated bet on one company, which is why a factor screen that ignores index weight shows a different Denmark from the one an ETF does.
- Does MoatMap track Danish insider trades and buybacks?
- Yes, through the Nordic feed, which reads the MAR Article 19 notifications (person, role, instrument, volume and price, within three business days) and the weekly aggregated buyback reports for Copenhagen alongside Stockholm, Helsinki and Iceland. The callouts on this page use the Copenhagen rows.
- What is the difference between A and B shares in Denmark?
- Several Danish companies list A shares with extra votes and B shares with one, and the two lines can both clear the screen because their prices differ slightly. This page keeps one line per company, the higher-scoring one, so a top 25 is 25 businesses rather than 25 tickers.
- How can foreigners buy Danish stocks, and what about the krone?
- Most international brokers offer Nasdaq Copenhagen access and the largest names trade as US ADRs. The krone is pegged to the euro within a narrow band, so a euro investor carries almost no currency risk. Denmark withholds 27% on dividends to non-residents, reduced under treaties by a reclaim process that has been slow in practice, so confirm the treatment with your broker.
- How often does this Denmark ranking refresh?
- A new edition forms on the first scoring run of each calendar month and the page states its data-as-of date. Underlying scores recompute nightly; for the daily view, use the ranked-stocks screener filtered to Denmark.