Svenska Handelsbanken PK (SVNLY) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Svenska Handelsbanken PK $7.46, price $7.57, upside -1.5%, quality 45 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 28, 2026.
How to read this chart
60‑month range $2.47 – $7.87 · fair‑value band $5.60 – $9.33 · the $7.57 price screens above the $7.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.
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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.
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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.
Stock analysis
Svenska Handelsbanken PK (SVNLY) currently trades at $7.57, while our model-based Fair Value estimate is $7.46, so the stock looks roughly fairly valued today (gap 1.5%).
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Valuation
Bull case: the Dividend Discount group reads highest at a median of $11.51 per share, and 3 of the 6 models we run sit above the $7.57 price.
Bear case: the Asset-Based group reads lowest at $3.42, and 3 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: $5.60 (bear) to $9.33 (bull), the price of $7.57 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 45/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Svenska Handelsbanken PK reported revenue of 144B SEK in FY2025 versus 44.2B SEK in FY2021, a compound +34.2%/yr. Reported net income was 23.7B SEK in FY2025, compounding +5.0%/yr from FY2021.
Key figures
Market cap $30.0B · P/E ratio 11.8 · P/S ratio 1.95 · EPS (TTM) $0.6300 · Dividend yield 12.7% · Net margin 16.5% · Return on equity 13.5% · Return on assets (EBIT) 1.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 4% below its 52-week high and 37% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −17% fair-value upside, at −1%, SVNLY screens cheaper than that median.
Fair Value models
Bear $5.60Fair Value $7.46Bull $9.33
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 ($0.4764 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+130.5%
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.
+21.5%
Revenue growth 5 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.
+29.3%
Start year 2020 (pandemic). Over 10 years: +13.9% a year
Revenue growth 20 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.
+8.9%
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What shareholders gained per year (last 5 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 5 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.
+19.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.0%
Dividend (yield on the price)12.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7.0% vs 3.8%, picking up
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.49% → 21%
Compare Svenska Handelsbanken PK with another stock
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 - Diversified · 43 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−3.1% · Top 25%
Profitability
Return on equity (TTM)13.5% · Above median
Return on assets0.7% · Below median
Net margin (TTM)42.6% · Top 25%
Operating margin (TTM)0.0% · Bottom 25%
Growth and dividend
Revenue growth−9.3% · Bottom 25%
Dividend yield (TTM)12.7% · Top 25%
Balance sheet
Debt / equity5.56× · Highest 25%
Valuation Multiplesvs Banks - Diversified median · lower = cheaper
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Is Svenska Handelsbanken PK (SVNLY) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of $7.46 versus a price of $7.57, about −1% upside (fairly valued).
What is the fair value of SVNLY?
Our model-based fair value for Svenska Handelsbanken PK is $7.46 (as of Sep 28, 2026), built from audited fundamentals. The current price: $7.57.
What is the quality score of SVNLY?
Svenska Handelsbanken PK has a Quality Score of 45/100. 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 Svenska Handelsbanken PK (SVNLY)?
Our model-based price target is the fair value of $7.46 (as of Sep 28, 2026) from 6 valuation models. Cautious scenario $5.60, optimistic scenario $9.33. It is a calculation from audited fundamentals, not an analyst target.
What is the Svenska Handelsbanken PK stock forecast for 2026?
Our models put fair value at $7.46, about −1% upside versus a price of $7.57 (fairly valued). Cautious scenario $5.60, optimistic scenario $9.33. The calculation is refreshed regularly with new filings.
What is the revenue of Svenska Handelsbanken PK (SVNLY)?
Svenska Handelsbanken PK reported trailing-twelve-month revenue of about 59.1B SEK (latest available figure, as of Sep 28, 2026).
Does Svenska Handelsbanken PK pay a dividend?
Svenska Handelsbanken PK currently shows a dividend yield of about 12.67% relative to its recent price (as of Sep 28, 2026).
What is the intrinsic value of Svenska Handelsbanken PK (SVNLY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Svenska Handelsbanken PK it is $7.46 per share (as of Sep 28, 2026), against a price of $7.57. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Svenska Handelsbanken PK stock overvalued or undervalued in 2026?
As of Sep 28, 2026, SVNLY trades above its calculated fair value: price $7.57, fair value $7.46, a gap of about −1% (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 SVNLY?
No. The price is what the market pays today ($7.57); the fair value is what the company's own numbers justify ($7.46). For Svenska Handelsbanken PK the two are $0.1100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Svenska Handelsbanken PK worth?
The market values Svenska Handelsbanken PK at about $30.0B (market capitalisation, as of Sep 28, 2026). Per share that is $7.57; our models calculate a fair value of $7.46 per share.
What do the bullish and bearish scenarios say about SVNLY?
Our models span a range for Svenska Handelsbanken PK: cautious scenario $5.60, base $7.46, optimistic $9.33 per share (as of Sep 28, 2026, price $7.57). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SVNLY?
Svenska Handelsbanken PK trades at a price-to-earnings ratio of 11.8 (as of Sep 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $7.46 is built from several models across several years. Other multiples: PEG 19.4, P/B 1.5, P/S 5.1, EV/EBITDA 29.8.
What is the PEG ratio of SVNLY?
The PEG ratio of Svenska Handelsbanken PK is 19.38 (P/E divided by earnings growth, as of Sep 28, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Svenska Handelsbanken PK (SVNLY)?
Balance-sheet figures for Svenska Handelsbanken PK (as of Sep 28, 2026): return on equity 13.5%, debt of 5.56 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is SVNLY from its 52-week high?
Svenska Handelsbanken PK trades at $7.57, about 4% below its 52-week high of $7.87 and 37% above the low of $5.52 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $7.46 is for.
Which stocks are comparable to Svenska Handelsbanken PK?
From the same area (Financial Services) we also value JPMorgan Chase & Co, Industrial and Commercial Bank of China Limited, China Construction Bank Corporation, Bank of America Corporation, 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 Svenska Handelsbanken PK stock attractive at the current price?
The data as of Sep 28, 2026: price $7.57, calculated fair value $7.46 (−1%), Quality Score 45/100, from 6 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 SVNLY calculated?
We run Svenska Handelsbanken PK through 6 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 $7.46, 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. Svenska Handelsbanken PK 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 Svenska Handelsbanken PK (SVNLY)?
The closing price on Oct 2, 2026 was $7.57. Our model-based fair value is $7.46, about −1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Svenska Handelsbanken PK 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.
Where does the earnings growth of Svenska Handelsbanken PK (SVNLY) come from?
Earnings per share at Svenska Handelsbanken PK grew +5.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.5 %, EBIT margin −8.6 %, tax rate −0.2 %, residual (interest, one-offs) +6.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Svenska Handelsbanken PK
How large is the market capitalisation of Svenska Handelsbanken PK (SVNLY)?
The market capitalisation of Svenska Handelsbanken PK is $30.0B. 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 Svenska Handelsbanken PK (SVNLY)?
The price-to-sales ratio of Svenska Handelsbanken PK is 1.95 (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 Svenska Handelsbanken PK (SVNLY)?
Earnings per share at Svenska Handelsbanken PK are $0.6300 (price ÷ EPS = P/E 11.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Svenska Handelsbanken PK (SVNLY)?
The dividend yield of Svenska Handelsbanken PK is 12.7% (payout 152%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Svenska Handelsbanken PK (SVNLY)?
The net margin of Svenska Handelsbanken PK is 16.5% (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 Svenska Handelsbanken PK (SVNLY)?
The return on equity (ROE) of Svenska Handelsbanken PK is 13.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Svenska Handelsbanken PK (SVNLY)?
On an EBIT basis the return on assets of Svenska Handelsbanken PK is 1.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How fast is revenue growing at Svenska Handelsbanken PK (SVNLY)?
Revenue at Svenska Handelsbanken PK is growing −9.3% versus a year earlier (3y avg +21.5%). 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 Svenska Handelsbanken PK (SVNLY)?
Earnings per share at Svenska Handelsbanken PK are growing +0.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Svenska Handelsbanken PK (SVNLY) generate?
The free cash flow of Svenska Handelsbanken PK is −44.0B SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Svenska Handelsbanken PK (SVNLY) carry?
The net debt of Svenska Handelsbanken PK is 1.3T SEK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 28, 2026