Svenska Handelsbanken AB (SHB-A) Fair Value & Analysis
Financial Services · SE · Market cap 279B SEK (≈ $29.1B) · ISIN SE0007100599
Strengths
Risks
Fair value as of: Aug 27, 2026
From 4 valuation models · updated 3 days ago
Share price +3.5% over the past month.
Below-average quality, currently priced close to our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range kr 59.29 – kr 148.90 · fair‑value band kr 111.14 – kr 185.23 · the kr 148.20 price screens above the kr 148.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.
Analysis
Svenska Handelsbanken AB (SHB-A) currently trades at kr 148.20, while our model-based Fair Value estimate is kr 148.18, implying the stock looks roughly 0.0% fairly valued today. The Quality Score stands at 46/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Svenska Handelsbanken AB generated revenue of 55.7B SEK at a net margin of 42.6%. Revenue declined 9.3% year over year. It earns a return on equity of 13.5%. Net debt stands at 1.3T SEK. Fundamentals as of Aug 27, 2026
Our scenario range runs from kr 111.14 (bear case) to kr 185.23 (bull case); at kr 148.20, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 49% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -8% fair-value upside, at 0%, SHB-A screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 4 models by family
Widest divergence: Multiples (kr 143.51) versus Asset-Based (kr 68.68). Highest evidence: Residual Income (71).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 79
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally. The company offers personal and corporate banking, and financial institutions.
Full company description
Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally. The company offers personal and corporate banking, and financial institutions. It provides green loans, pension, advisory, investment and other financing services. In addition, the company's financial services, includes asset management, transaction banking, corporate finance, financing, markets, trade finance, market information and research services to large corporations; trading and execution. Further, it provides cash management, and securities finance solutions; and various corporate banking services to small and medium-sized companies and large corporates, as well as digital and private banking services. Svenska Handelsbanken AB (publ) was incorporated in 1871 and is headquartered in Stockholm, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Svenska Handelsbanken AB reported revenue of kr 144B in FY2025 versus kr 42.9B in FY2021, a compound +35.3%/yr. Reported net income was kr 23.7B in FY2025, compounding +5.0%/yr from FY2021.
of which total revenue +9.5 % · buybacks/dilution −0.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
Watch SHB-A: get an alert when its fair value changes →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Svenska Handelsbanken AB (SVNLF) Q2 2026 Earnings Call Highlights: Robust Profitability Amid ...
- Is Svenska Handelsbanken (OM:SHB A) Pricing Reflect Its Strong Multi‑Year Share Price Performance?
- Svenska Handelsbanken AB (SVNLF) Q1 2026 Earnings Call Highlights: Strong Operating Profit ...
Peer Group
Banks - Diversified · 48 stocks
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.
Valuation Multiples vs Banks - Diversified median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
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 - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| JPMorgan Chase & Co JPM | $354.22 | $217.97 | -38% |
| Bank of America Corporation BAC | $61.17 | $50.87 | -17% |
| China Construction Bank Corporation 601939 | ¥10.55 | ¥18.21 | +73% |
| Industrial and Commercial Bank of China Limited 601398 | ¥7.86 | ¥14.44 | +84% |
| HSBC Holdings HSBC | $103.65 | $75.89 | -27% |
| Agricultural Bank of China Limited 601288 | ¥6.79 | ¥12.94 | +91% |
| Royal Bank of Canada RY | C$288.11 | C$151.80 | -47% |
| Bank of China Limited 601988 | ¥6.14 | ¥11.24 | +83% |
| Wells Fargo & Company WFC | $86.69 | $79.60 | -8% |
| Mitsubishi UFJ Financial Group MUFG | $22.90 | $20.50 | -10% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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