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Handelsbanken Valuation Multiples
Discover revenue and EBITDA valuation multiples for Handelsbanken and similar public comparables like ABN AMRO Bank, Bank Of Jiangsu, Abu Dhabi Commercial Bank, BPER Banca and more.
Handelsbanken Overview
About Handelsbanken
Handelsbanken is one of the largest Swedish banks with significant exposure to the Swedish mortgage market; about 44% of total loans are tied to the Swedish real estate market. Outside of Sweden, the bank operates primarily in the UK and Netherlands. Handelsbanken generates about three fourths of its income through its interest spread-based business, including mortgages, household loans, and corporate loans to large and small enterprises.
Founded
1871
HQ

Employees
12.2K
Website
Sectors
Financials (LTM)
EV
$210B
Handelsbanken Financials
Handelsbanken reported last 12-month revenue of $6B.
In the same LTM period, Handelsbanken generated $4B in gross profit and $3B in net income.
Revenue (LTM)
Handelsbanken P&L
In the most recent fiscal year, Handelsbanken reported revenue of $6B and net income of $3B.
Handelsbanken expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6B | XXX | $6B | XXX | XXX | XXX |
| Gross Profit | $4B | XXX | — | XXX | XXX | XXX |
| Gross Margin | 57% | XXX | — | XXX | XXX | XXX |
| EBIT Margin | 58% | XXX | 58% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 41% | XXX | 42% | XXX | XXX | XXX |
| Net Debt | — | — | $137B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Handelsbanken Stock Performance
Handelsbanken has current market cap of $29B, and enterprise value of $210B.
Market Cap Evolution
Handelsbanken's stock price is $14.63.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $210B | $29B | 0.3% | XXX | XXX | XXX | $1.33 |
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Start Free TrialHandelsbanken Valuation Multiples
Handelsbanken trades at 33.4x EV/Revenue multiple.
EV / Revenue (LTM)
Handelsbanken Financial Valuation Multiples
As of April 19, 2026, Handelsbanken has market cap of $29B and EV of $210B.
Equity research analysts estimate Handelsbanken's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Handelsbanken has a P/E ratio of 11.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $29B | XXX | $29B | XXX | XXX | XXX |
| EV (current) | $210B | XXX | $210B | XXX | XXX | XXX |
| EV/Revenue | 33.4x | XXX | 33.2x | XXX | XXX | XXX |
| EV/EBIT | 58.1x | XXX | 57.3x | XXX | XXX | XXX |
| EV/Gross Profit | 58.5x | XXX | — | XXX | XXX | XXX |
| P/E | 11.2x | XXX | 11.0x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (40.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Handelsbanken Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Handelsbanken Margins & Growth Rates
Handelsbanken's revenue in the last 12 month declined by (0%).
Handelsbanken's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.2M for the same period.
Handelsbanken Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (0%) | XXX | (2%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | 42% | XXX | 46% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Handelsbanken Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Handelsbanken | XXX | XXX | XXX | XXX | XXX | XXX |
| ABN AMRO Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Bank Of Jiangsu | XXX | XXX | XXX | XXX | XXX | XXX |
| Abu Dhabi Commercial Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| BPER Banca | XXX | XXX | XXX | XXX | XXX | XXX |
| Resona Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Handelsbanken M&A Activity
Handelsbanken acquired XXX companies to date.
Last acquisition by Handelsbanken was on XXXXXXXX, XXXXX. Handelsbanken acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Handelsbanken
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHandelsbanken Investment Activity
Handelsbanken invested in XXX companies to date.
Handelsbanken made its latest investment on XXXXXXXX, XXXXX. Handelsbanken invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Handelsbanken
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Handelsbanken
| When was Handelsbanken founded? | Handelsbanken was founded in 1871. |
| Where is Handelsbanken headquartered? | Handelsbanken is headquartered in Sweden. |
| How many employees does Handelsbanken have? | As of today, Handelsbanken has over 12K employees. |
| Who is the CEO of Handelsbanken? | Handelsbanken's CEO is Michael Green. |
| Is Handelsbanken publicly listed? | Yes, Handelsbanken is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Handelsbanken? | Handelsbanken trades under SHB A ticker. |
| When did Handelsbanken go public? | Handelsbanken went public in 1979. |
| Who are competitors of Handelsbanken? | Handelsbanken main competitors are ABN AMRO Bank, Bank Of Jiangsu, Abu Dhabi Commercial Bank, BPER Banca. |
| What is the current market cap of Handelsbanken? | Handelsbanken's current market cap is $29B. |
| What is the current revenue of Handelsbanken? | Handelsbanken's last 12 months revenue is $6B. |
| What is the current revenue growth of Handelsbanken? | Handelsbanken revenue growth (NTM/LTM) is (0%). |
| What is the current EV/Revenue multiple of Handelsbanken? | Current revenue multiple of Handelsbanken is 33.4x. |
| Is Handelsbanken profitable? | Yes, Handelsbanken is net-income-positive (as of the last 12 months). |
| What is the current net income of Handelsbanken? | Handelsbanken's last 12 months net income is $3B. |
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