Avanza Bank Holding (AVVZF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Avanza Bank Holding $37.77, price $39.00, upside -3.2%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
25‑month range $20.10 – $39.00 · fair‑value band $28.32 – $47.21 · the $39.00 price screens above the $37.77 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Avanza Bank Holding AB (publ), together with its subsidiaries, provides various savings, pension, and mortgages products in Sweden. It offers share and fund, investment savings, endowment insurance, savings, endowment child insurance, external deposit, and pension insurance accounts, as well as occupational pensions and individual pension plans.
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Avanza Bank Holding AB (publ), together with its subsidiaries, provides various savings, pension, and mortgages products in Sweden. It offers share and fund, investment savings, endowment insurance, savings, endowment child insurance, external deposit, and pension insurance accounts, as well as occupational pensions and individual pension plans. The company also trades in equities, funds, and other securities; and provides external and green mortgages, private banking mortgages, margin loans, and stock lending products. In addition, it offers decision support services and others; and publishes topical news and independent advice on the financial website, Placera, as well as on the weekly financial magazine, Börsveckan. The company primarily serves individual and professional investors, and corporate customers, such as entrepreneurs, asset managers, and occupational pension customers. Avanza Bank Holding AB (publ) was incorporated in 1986 and is headquartered in Stockholm, Sweden.
Stock analysis
Avanza Bank Holding (AVVZF) currently trades at $39.00, while our model-based Fair Value estimate is $37.77, so the stock looks roughly fairly valued today (gap 3.3%).
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Valuation
Bull case: the Multiples group reads highest at a median of $28.20 per share, and 1 of the 4 models we run sit above the $39.00 price.
Bear case: the Economic Profit group reads lowest at $14.46, and 3 of the 4 models stay below the price. Evidence for this calculation is medium.
Scenario range: $28.32 (bear) to $47.21 (bull), the price of $39.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Avanza Bank Holding reported revenue of 4.5B SEK in FY2025 versus 3.0B SEK in FY2022, a compound +14.8%/yr. Reported net income was 2.6B SEK in FY2025, compounding +16.5%/yr from FY2022.
Key figures
Market cap $6.2B · P/E ratio 31.5 · P/S ratio 18.4 · EPS (TTM) $1.24 · Net margin 58.6% · Return on equity 33.1% · Return on assets 0.7% · Revenue growth (YoY) +9.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 84% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at −3%, AVVZF screens cheaper than that median.
Fair Value models
Bear $28.32Fair Value $37.77Bull $47.21
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.9342 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+15.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.8%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1060 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside−64.0% · Bottom 25%
Profitability
Return on equity (TTM)33.1% · Top 25%
Return on assets0.7% · Below median
Net margin (TTM)52.7% · Top 25%
Operating margin (TTM)0.0% · Bottom 25%
Growth and dividend
Revenue growth9.7% · Above median
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Avanza Bank Holding Fair Value". https://www.fairvalue-calculator.com/stock/AVVZF
Frequently asked questions
Is Avanza Bank Holding (AVVZF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $37.77 versus a price of $39.00, about −3% upside (fairly valued).
What is the fair value of AVVZF?
Our model-based fair value for Avanza Bank Holding is $37.77 (as of Sep 24, 2026), built from audited fundamentals. The current price: $39.00.
What is the quality score of AVVZF?
Avanza Bank Holding has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Avanza Bank Holding (AVVZF)?
Our model-based price target is the fair value of $37.77 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario $28.32, optimistic scenario $47.21. It is a calculation from audited fundamentals, not an analyst target.
What is the Avanza Bank Holding stock forecast for 2026?
Our models put fair value at $37.77, about −3% upside versus a price of $39.00 (fairly valued). Cautious scenario $28.32, optimistic scenario $47.21. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Avanza Bank Holding (AVVZF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Avanza Bank Holding it is $37.77 per share (as of Sep 24, 2026), against a price of $39.00. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Avanza Bank Holding stock overvalued or undervalued in 2026?
As of Sep 24, 2026, AVVZF trades above its calculated fair value: price $39.00, fair value $37.77, a gap of about −3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AVVZF?
No. The price is what the market pays today ($39.00); the fair value is what the company's own numbers justify ($37.77). For Avanza Bank Holding the two are $1.23 per share apart. That gap is exactly why we show both numbers side by side.
How much is Avanza Bank Holding worth?
The market values Avanza Bank Holding at about $6.2B (market capitalisation, as of Sep 24, 2026). Per share that is $39.00; our models calculate a fair value of $37.77 per share.
What do the bullish and bearish scenarios say about AVVZF?
Our models span a range for Avanza Bank Holding: cautious scenario $28.32, base $37.77, optimistic $47.21 per share (as of Sep 24, 2026, price $39.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AVVZF?
Avanza Bank Holding trades at a price-to-earnings ratio of 31.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $37.77 is built from several models across several years. Other multiples: P/B 0.5.
How solid is the balance sheet of Avanza Bank Holding (AVVZF)?
Balance-sheet figures for Avanza Bank Holding (as of Sep 24, 2026): return on equity 33.1%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is AVVZF from its 52-week high?
Avanza Bank Holding trades at $39.00, at its 52-week high of $39.00 and 84% above the low of $21.24 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $37.77 is for.
Which stocks are comparable to Avanza Bank Holding?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Avanza Bank Holding stock attractive at the current price?
The data as of Sep 24, 2026: price $39.00, calculated fair value $37.77 (−3%), Quality Score 64/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AVVZF calculated?
We run Avanza Bank Holding through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $37.77, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Avanza Bank Holding itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Avanza Bank Holding (AVVZF)?
The closing price on Oct 2, 2026 was $39.00. Our model-based fair value is $37.77, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Avanza Bank Holding right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Avanza Bank Holding
How large is the market capitalisation of Avanza Bank Holding (AVVZF)?
The market capitalisation of Avanza Bank Holding is $6.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Avanza Bank Holding (AVVZF)?
The price-to-sales ratio of Avanza Bank Holding is 18.4 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Avanza Bank Holding (AVVZF)?
Earnings per share at Avanza Bank Holding are $1.24 (price ÷ EPS = P/E 31.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Avanza Bank Holding (AVVZF)?
The net margin of Avanza Bank Holding is 58.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Avanza Bank Holding (AVVZF)?
The return on equity (ROE) of Avanza Bank Holding is 33.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Avanza Bank Holding (AVVZF)?
The return on assets (ROA) of Avanza Bank Holding is 0.7% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
How fast is revenue growing at Avanza Bank Holding (AVVZF)?
Revenue at Avanza Bank Holding is growing +9.7% versus a year earlier (3y avg +14.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Avanza Bank Holding (AVVZF)?
Earnings per share at Avanza Bank Holding are growing +4.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Avanza Bank Holding (AVVZF) generate?
The free cash flow of Avanza Bank Holding is 31.4B SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Sep 24, 2026