Avanza Bank Holding AB (publ) (AZA) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of Avanza Bank Holding AB (publ) SEK 143, price SEK 379, upside -62.3%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Avanza Bank Holding AB (publ)
AZA · STStretched ValuationStrong overvaluation with only moderate quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range kr 130.78 – kr 408.30 · fair‑value band kr 107.36 – kr 178.93 · the kr 379.20 price screens above the kr 143.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Company profile
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 AB (publ) (AZA) currently trades at kr 379.20, while our model-based Fair Value estimate is kr 143.14, 62.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of kr 152.94 per share, and 0 of the 4 models we run sit above the kr 379.20 price.
Bear case: the Asset-Based group reads lowest at kr 33.66, and 4 of the 4 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 107.36 (bear) to kr 178.93 (bull), the price of kr 379.20 sits above 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 60/100 (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 AB (publ) reported revenue of 5.7B SEK in FY2025 versus 3.4B SEK in FY2021, a compound +13.9%/yr. Reported net income was 2.6B SEK in FY2025, compounding +6.5%/yr from FY2021.
Key figures
Market cap 60.0B SEK (≈ $6.0B) · P/E ratio 21.1 · P/S ratio 9.70 · EPS (TTM) kr 17.93 · Dividend yield 3.4% · Net margin 45.9% · Return on equity 39.1% · Return on assets (EBIT) 0.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −62%, AZA screens richer than that median.
Fair Value models
All 4 models by family
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Set up alert →Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 63
Revenue & earnings trend
AZA screens overvalued: fair value 62% below the price. Compare with DBS Group →
Compare Avanza Bank Holding AB (publ) with another stock
Price, fair value, quality and upside side by side.
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 · 1056 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Valuation of the Sweden market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| DBS Group D05 | 78.00 SGD | 40.39 SGD | −48% |
| China Merchants Bank Co 600036 | ¥40.69 | ¥52.73 | +30% |
| UniCredit S.p.A UCG | €83.95 | €77.62 | −8% |
| Intesa Sanpaolo S.p.A ISP | €6.79 | €4.02 | −41% |
| Mizuho Financial Group MFG | $11.07 | $6.86 | −38% |
| BNP Paribas SA BNP | €99.30 | €105.99 | +7% |
| HDFC Bank Limited HDFCBANK | ₹735.60 | ₹406.44 | −45% |
| Oversea-Chinese Banking Corporation O39 | 32.01 SGD | 19.78 SGD | −38% |
| CaixaBank, S.A CABK | €13.23 | €8.46 | −36% |
| ICICI Bank Limited ICICIBANK | ₹1,327 | ₹615.71 | −54% |
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Key figures of Avanza Bank Holding AB (publ)
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