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Swedbank AB (SWED-A) Fair Value & Analysis

Financial Services · SE · Market cap 409B SEK

SA Swedbank AB SWED-A · ST
Pricekr 370.70
Fair Valuekr 378.98
Upside+2.2%
Quality60/100
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Evidence: Medium Range kr 284.24 – kr 473.73

Fair value as of: Jul 11, 2026

From 14 valuation models · updated 5 days ago

Share price +6.5% over the past month.

Price vs Fair Value (12 months)

kr 370.70 kr 221.91 Fair Value kr 378.98 Jul 2025 Jul 2026

12‑month range kr 221.91 – kr 370.70 · fair‑value band kr 284.24 – kr 473.73 · the kr 370.70 price screens below the kr 378.98 fair value. As of Jul 11, 2026.

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Analysis

Swedbank AB (SWED-A) currently trades at kr 370.70, while our model-based Fair Value estimate is kr 378.98, implying the stock looks roughly 2.2% fairly valued today. We read business quality at 60/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Swedbank AB generated revenue of 68.2B SEK at a net margin of 46.8%. Revenue declined 3.2% year over year. It earns a return on equity of 16.0%. Net debt stands at 646B SEK. Fundamentals as of Jul 11, 2026

Our scenario range runs from kr 284.24 (bear case) to kr 473.73 (bull case); at kr 370.70, the current price sits within that range. The share trades near its 52-week high and 68% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 31% fair-value upside, at 2%, SWED-A screens richer than that median.

Key figures & financial health

Revenue (TTM) 68.2B SEK
Revenue growth (YoY) -3.2%
Net margin 46.8%
Return on equity 16.0%
Free cash flow −46.7B SEK FY2025
P/E ratio 11.9
More key figures
Operating margin 55.3%
EPS (TTM) kr 28.23
Dividend yield 6.1%
EPS growth (YoY) -10.5%
Net debt 646B SEK FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 11, 2026. TTM = trailing twelve months.

About the company

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. The company offers saving and investment solutions, such as savings accounts, mutual funds and insurance savings, pension savings, institutional asset management, and other savings and investment products; financing solutions, including private residential lending, consumer financing, corporate lending, leasing, and other financing products, as well as trade finance and factoring services; and payment and card services, which include current accounts, cash management, cash handling, debit and credit cards, and card acquiring, as well as domestic, international, mobile, document, and other payment products. It also provides trading and capital market products, such …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Swedbank AB reported revenue of kr 116B in FY2025 versus kr 49.7B in FY2021, a compound +23.6%/yr. Reported net income was kr 32.8B in FY2025, compounding +11.9%/yr from FY2021.

Revenue +23.6%/yr
FY21 kr 49.7B
FY22 kr 64.5B
FY23 kr 131B
FY24 kr 144B
FY25 kr 116B
Net income +11.9%/yr
FY21 kr 20.9B
FY22 kr 21.4B
FY23 kr 34.1B
FY24 kr 34.9B
FY25 kr 32.8B

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Cite: Fair Value Calculator (2026). "Swedbank AB Fair Value". https://www.fairvalue-calculator.com/stock/SWED-A

Recent news

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Frequently asked questions

Is Swedbank AB (SWED-A) undervalued?
As of Jul 11, 2026, our model estimates a fair value of kr 378.98 versus a price of kr 370.70, about +2% (fairly valued). Model-based estimate, not financial advice.
What is the fair value of SWED-A?
Our model-based fair value for Swedbank AB is kr 378.98 (as of Jul 11, 2026), built from audited fundamentals. The current price is kr 370.70.
What is the quality score of SWED-A?
Swedbank AB has a Quality Score of 60/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Swedbank AB (SWED-A)?
Swedbank AB reported trailing-twelve-month revenue of about 68.2B SEK (latest available figure, as of Jul 11, 2026).
What is the net profit margin of SWED-A?
The net profit margin of Swedbank AB is about 46.8%, meaning it keeps roughly 46.8% of revenue as net income. Based on the latest reported figures.
Does Swedbank AB pay a dividend?
Swedbank AB currently shows a dividend yield of about 6.11% relative to its recent price (as of Jul 11, 2026).

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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.