Swedbank AB (publ)

kr 401.80As of Sun 8 Nov 2026, 12:00 UTC

STO:SWED-AFinancials

Country Sweden

PE (Fwd) •••

TSR 10Y CAGR 14.33%

Div yield 5.09%

ROTE 16.08%

Banks (Regional)

Beta (5Y) 0.55

PE TTM 14.68

TSR TTM 52.93%

Mkt cap kr 451.5B

NIM —

SE Grade™

Value

Quality

Moat

Consensus

Reference

kr 514

28.03%

(84.19%)

Hold 9|9|12|2|10

TTM

FYE 31 Dec SEK

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

17.13

Revenuekr B

78.02

76.73

77.45

77.92

77.83

76.98

78.12

79.50

78.28

79.35

18.13

0.39%

0.10%

5.60

Revenue growth%

0.40

1.17

0.40

0.94

0.92

0.40

20.23

0.40

25.35

NIM%

21.71

21.38

23.89

22.29

24.86

27.68

30.03

27.32

28.96

29.88

14.03

28.96

26.09

10.23

Effic. R.%

3.89

2.70

5.21

3.81

5.69

3.94

1.05

0.50

1.54

4.04

22.44

1.54

3.85

12.09

Net margin%

6.05

3.89

6.76

6.36

8.45

9.38

12.06

10.87

10.68

12.75

16.92

10.87

8.92

21.26

P/E ratio (avg)x

32.51

35.64

37.79

39.19

41.50

44.92

46.47

52.19

59.97

66.15

34.67

52.19

43.21

25.66

P/TBVx

31.31

33.55

39.07

41.94

44.85

51.93

58.25

64.14

64.89

73.66

22.44

64.14

48.39

30.57

P/Bx

16.07

17.43

15.56

16.22

16.91

16.93

18.78

20.65

21.21

23.63

37.53

20.65

17.18

13.73

NIIkr B

45.04

43.16

44.60

44.39

44.09

43.67

45.00

45.57

44.38

45.59

60.43

0.67%

0.01%

—

12.38

NII grth%

22.72

21.58

23.84

21.63

20.31

23.02

25.91

23.74

25.50

23.77

26.42

23.77

23.38

26.97

ROTE%

22.39

24.18

22.76

22.06

21.05

20.59

21.82

24.57

22.98

20.52

19.07

21.82

22.23

11.10

Return on equity%

15.94

13.51

13.08

10.24

7.32

6.15

4.86

3.07

1.47

1.29

29.82

3.07

6.74

14.81

Return on assets%

12.99

13.10

12.75

14.94

14.36

14.42

13.87

16.69

14.71

13.63

27.67

14.42

14.11

71.86

EPSkr

21.31

24.14

28.23

33.57

38.12

45.88

51.68

50.97

55.81

66.74

79.21

11.85%

12.03%

—

13.41

EPS growth%

25.23

23.71

24.47

21.85

23.12

24.87

26.79

28.72

26.76

29.58

27.40

26.79

25.05

65.50

Bookvalue per shkr

104.86

120.31

120.61

136.40

149.49

147.10

161.06

147.91

158.32

154.96

64.32

0.72%

5.03%

—

53.22

TBV/shkr

110.67

107.22

113.02

118.35

130.59

142.03

156.24

155.48

146.56

153.23

54.45

3.25%

4.00%

—

62.74

Dividend per shkr

113.85

133.79

157.96

188.20

182.40

205.22

234.66

234.79

236.47

267.88

66.35

7.99%

9.52%

—

25.68

Div yield (avg)%

5.83

7.11

9.79

12.50

15.03

16.85

17.49

18.41

19.86

21.95

12.32

18.41

15.94

26.88

Payout ratio%

21.55

23.38

25.71

25.52

23.35

24.55

24.08

26.80

25.24

27.20

2.34

25.24

24.90

1.103

Shares (diluted)B

1.714

1.957

2.102

2.057

2.192

2.121

2.330

2.497

2.994

2.920

1.115

5.91%

7.09%

19.25

Buyback yield%

28.96

26.34

25.06

25.81

24.42

23.35

21.36

20.88

20.16

22.91

16.89

21.36

23.88

124.84

Eq/Assets%

145.75

164.79

160.64

164.72

168.94

186.03

166.73

178.93

194.97

182.73

110.20

182.73

167.84

7.924

Assetskr B

94.06

103.7

111.0

117.2

128.9

138.8

155.1

165.3

183.2

199.6

42.54

9.14%

8.93%

15.83

LT debtkr B

61.03

58.46

63.44

59.98

64.35

58.13

55.85

53.03

45.12

42.12

54.00

(8.13%)

(5.01%)

Peers (US$45.65B)

Cap (US$)

Skandinaviska Enskilda…

42.23B

13.72x

Svenska Handelsbanken…

32.31B

13.66x

Avanza Bank Holding AB…

5.892B

19.99x

Commerzbank AG

46.37B

12.73x

Capital

TTM

10Y

Tang eq%

547.84

24.95

27.79

LT debt%

199.84

32.08

45.90

Cash%

889.43

12.75

12.74

Sh yield%

44.93

40.02

39.07

Owners

Insiders/Inst%

6.20

29.92

Short interest%

3.19

SBC / revenue%

2.31

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

ROE range%

1–16

$1 testx

—

Incr. ROIC%

—

Swedbank AB (publ) provides banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. It operates through Swedish Banking; Baltic Banking; Corporates and Institutions; and Premium and Private Banking segments.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Total assets

kr 199.6B

8.93%

2.33×

Revenue

kr 79.35B

0.10%

1.00×

Non-interest expense

kr 44.58B

0.09%

1.00×