NOBA Bank Group AB (publ) is a European specialist bank operating through three brands: Nordax Bank, Bank Norwegian, and Svensk Hypotekspension. It offers retail financial products in four main segments: Private Loans, Credit Cards, Secured Loans (including specialist and equity release mortgages), and Other services such as deposits. Geographically, the company operates in eight countries, with a presence in the Nordic region (Sweden, Norway, Finland, Denmark), as well as Germany, Spain, the Netherlands, and Ireland. The company serves over two million customers across these regions, with lending activities covering private loans in the Nordics, credit cards in the Nordics and Germany, and deposit products available in all these markets.
2003
755
Last FY Revenue $1.0B
Last FY EBITDA n/a
$8.1B
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In the most recent fiscal year, NOBA Bank reported revenue of $1.0B.
NOBA Bank expects next 12-month revenue of XXX   and NTM EBITDA of XXX
See NOBA Bank valuation multiples based on analyst estimates| NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|
| Revenue | XXX | $1.0B | XXX | XXX | XXX |
| Gross Profit | XXX | n/a | XXX | XXX | XXX |
| Gross Margin | XXX | n/a | XXX | XXX | XXX |
| EBITDA | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | XXX | n/a | XXX | XXX | XXX |
| EBIT | XXX | n/a | XXX | XXX | XXX |
| EBIT Margin | XXX | n/a | XXX | XXX | XXX |
| Net Profit | XXX | $210M | XXX | XXX | XXX |
| Net Margin | XXX | 20% | XXX | XXX | XXX |
| Net Debt | XXX | $1.2B | XXX | XXX | XXX |
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NOBA Bank has current market cap of SEK 50.0B (or $5.3B), and EV of SEK 76.9B (or $8.1B).
As of November 21, 2025, NOBA Bank's stock price is SEK 100 (or $11).
See NOBA Bank trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8.1B | $5.3B | XXX | XXX | XXX | XXX | n/a |
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Start Free TrialNOBA Bank's trades at 7.8x EV/Revenue multiple, and n/a EV/EBITDA.
See valuation multiples for NOBA Bank and 15K+ public compsAs of November 21, 2025, NOBA Bank has market cap of $5.3B and EV of $8.1B.
Equity research analysts estimate NOBA Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
NOBA Bank's P/E ratio is not available.
| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5.3B | XXX | $5.3B | XXX | XXX | XXX |
| EV (current) | $8.1B | XXX | $8.1B | XXX | XXX | XXX |
| EV/Revenue | n/a | XXX | 7.8x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | n/a | XXX | XXX | XXX |
| EV/EBIT | n/a | XXX | n/a | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | n/a | XXX | 25.0x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 11.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialNOBA Bank's revenue per employee in the last FY averaged $1.4M, while opex per employee averaged $0.4M for the same period.
NOBA Bank's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
NOBA Bank's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for NOBA Bank and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | n/a | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $1.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 9% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 29% | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Change Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| Fino Payments Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| One97 Communications | XXX | XXX | XXX | XXX | XXX | XXX |
| Inter&Co | XXX | XXX | XXX | XXX | XXX | XXX |
| NAGA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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NOBA Bank acquired XXX companies to date.
Last acquisition by NOBA Bank was XXXXXXXX, XXXXX XXXXX XXXXXX . NOBA Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was NOBA Bank founded? | NOBA Bank was founded in 2003. |
| Where is NOBA Bank headquartered? | NOBA Bank is headquartered in Sweden. |
| How many employees does NOBA Bank have? | As of today, NOBA Bank has 755 employees. |
| Is NOBA Bank publicy listed? | Yes, NOBA Bank is a public company listed on STO. |
| What is the stock symbol of NOBA Bank? | NOBA Bank trades under NOBA ticker. |
| When did NOBA Bank go public? | NOBA Bank went public in 2025. |
| Who are competitors of NOBA Bank? | Similar companies to NOBA Bank include e.g. Change Financial, Fino Payments Bank, One97 Communications, Inter&Co. |
| What is the current market cap of NOBA Bank? | NOBA Bank's current market cap is $5.3B |
| Is NOBA Bank profitable? | Yes, NOBA Bank is EBITDA-positive (as of the last 12 months). |
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