Skandinaviska Enskilda Banken AB (publ)

kr 214.80As of Sun 8 Nov 2026, 12:00 UTC

STO:SEB-AFinancials

Country Sweden

PE (Fwd) •••

TSR 10Y CAGR 15.46%

Div yield 5.12%

ROTE 13.20%

Banks (Regional)

Beta (5Y) 0.44

PE TTM 13.72

TSR TTM 26.19%

Mkt cap kr 417.7B

NIM —

SE Grade™

Value

Quality

Moat

Consensus

Reference

kr 272

26.80%

(38.32%)

Hold 8|1|4|6|8

TTM

FYE 31 Dec SEK

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

71.95

Revenuekr B

73.44

75.66

75.81

77.42

78.53

80.31

80.48

81.71

85.62

86.72

78.79

2.00%

2.05%

10.61

Revenue growth%

15.35

13.77

14.62

14.75

15.68

13.34

14.92

15.11

16.49

15.55

14.92

16.94

NIM%

4.19

4.75

4.00

3.29

4.82

2.24

0.40

2.38

1.69

24.74

1.69

2.83

7.08

Effic. R.%

7.63

8.48

8.76

6.07

7.63

9.32

10.20

12.24

12.80

11.49

26.23

11.49

9.04

4.10

Net margin%

8.54

11.06

11.15

12.47

14.60

14.04

11.27

8.46

8.80

11.53

8.41

11.27

11.21

14.67

P/E ratio (avg)x

20.22

17.58

18.98

18.75

16.06

16.61

15.73

14.47

13.31

14.44

24.86

14.47

16.33

37.26

P/TBVx

15.68

15.05

14.91

16.94

18.22

17.15

18.14

17.39

18.81

19.25

14.89

18.14

17.27

24.37

P/Bx

14.02

15.27

18.33

19.58

23.09

22.59

24.13

26.25

27.15

31.54

24.13

21.08

90.82

NIIkr B

56.60

57.83

58.19

59.79

59.71

61.47

62.09

61.83

65.69

66.53

61.16

2.19%

1.95%

—

24.29

NII grth%

9.14

6.99

7.91

9.62

6.66

9.09

11.14

12.59

10.54

10.48

27.41

10.54

9.38

14.85

ROTE%

8.95

8.05

5.99

3.84

4.52

3.58

1.45

0.40

1.90

13.62

1.45

3.71

10.79

Return on equity%

15.87

16.68

13.71

13.94

14.12

11.24

14.23

11.73

11.08

13.97

9.82

11.73

13.95

28.25

Return on assets%

12.19

12.33

12.90

11.15

8.33

9.78

9.55

11.59

13.73

7.95

9.78

11.37

8.45

EPSkr

14.12

14.66

14.75

14.74

14.70

15.54

14.58

13.68

14.20

14.50

9.21

(0.27%)

0.67%

—

25.31

EPS growth%

4.49

6.82

5.87

5.28

7.46

6.66

5.08

5.06

3.06

5.86

15.68

5.08

5.57

23.40

Bookvalue per shkr

29.27

31.85

33.48

37.53

38.33

43.45

48.21

45.92

50.35

49.02

23.18

5.04%

5.17%

—

3.63

TBV/shkr

13.37

15.91

18.05

20.11

21.93

25.81

28.98

29.84

33.36

37.70

25.91

11.44%

10.93%

—

3.74

Dividend per shkr

12.02

13.28

13.82

13.84

15.95

18.82

19.23

22.52

23.92

27.02

23.82

11.12%

8.90%

—

15.15

Div yield (avg)%

23.62

21.95

23.29

21.87

21.12

20.81

21.29

22.99

22.30

23.29

4.32

22.30

22.12

25.71

Payout ratio%

8.18

6.67

5.70

4.91

7.34

6.90

4.09

6.99

4.06

2.34

7.54

4.09

6.18

1.958

Shares (diluted)B

2.162

2.422

2.288

2.578

2.524

2.786

2.687

2.795

3.084

3.207

1.961

4.91%

4.18%

15.06

Buyback yield%

10.35

8.60

9.76

11.07

10.78

7.86

10.78

10.46

9.28

11.65

8.47

10.46

10.41

170.17

Eq/Assets%

171.98

200.94

210.90

231.06

254.74

253.55

296.37

290.48

341.84

366.11

155.71

296.37

254.14

27.76

Assetskr B

405.2

445.3

506.8

545.3

594.9

630.7

660.8

716.6

784.8

862.3

11.75

7.70%

8.84%

52.88

LT debtkr B

39.00

44.26

47.21

47.95

47.48

48.01

46.03

53.23

58.16

64.11

23.67

6.19%

5.90%

Peers (US$42.23B)

Cap (US$)

Swedbank AB (publ)

45.65B

14.68x

Svenska Handelsbanken…

32.31B

13.66x

Avanza Bank Holding AB…

5.892B

19.99x

Danske Bank A/S

42.72B

11.82x

Capital

TTM

10Y

Tang eq%

338.16

10.06

10.56

LT debt%

190.52

7.43

7.80

Cash%

225.50

15.83

15.77

Sh yield%

30.21

32.06

32.50

Owners

Insiders/Inst%

6.79

75.23

Short interest%

4.71

SBC / revenue%

5.08

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

ROE range%

11–17

$1 testx

—

Incr. ROIC%

—

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. It operates through Corporate & Investment Banking, Business & Retail Banking, Wealth & Asset Management, and Baltic segments.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Total assets

kr 862.3B

8.84%

1.90×

Revenue

kr 86.72B

2.05%

1.00×

Non-interest expense

kr 40.98B

1.98%

0.99×