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Nordea Bank Valuation Multiples
Discover revenue and EBITDA valuation multiples for Nordea Bank and similar public comparables like Deutsche Bank, Truist, Société Générale, Crédit Agricole and more.
Nordea Bank Overview
About Nordea Bank
Nordea is a universal Nordic bank that generates most of its income through vanilla lending products such as mortgages, household loans, and corporate loans. The bank is also a leading equity and debt underwriter and issuer, specialized in the Nordics, generating roughly one tenth of the group's income. Nordea also offers life and pension, savings and asset management, as well as private banking services to high-net-worth individuals. It operates primarily in Sweden, Denmark, Finland, and Norway.
Founded
1820
HQ

Employees
31.8K
Website
Sectors
Financials (LTM)
EV
$304B
Nordea Bank Financials
Nordea Bank reported last 12-month revenue of $14B.
In the same LTM period, Nordea Bank generated $8B in gross profit and $6B in net income.
Revenue (LTM)
Nordea Bank P&L
In the most recent fiscal year, Nordea Bank reported revenue of $14B and net income of $6B.
Nordea Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $14B | XXX | $14B | XXX | XXX | XXX |
| Gross Profit | $8B | XXX | — | XXX | XXX | XXX |
| Gross Margin | 54% | XXX | — | XXX | XXX | XXX |
| EBIT Margin | 54% | XXX | 54% | XXX | XXX | XXX |
| Net Profit | $6B | XXX | $6B | XXX | XXX | XXX |
| Net Margin | 41% | XXX | 41% | XXX | XXX | XXX |
| Net Debt | — | — | $186B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Nordea Bank Stock Performance
Nordea Bank has current market cap of $64B, and enterprise value of $304B.
Market Cap Evolution
Nordea Bank's stock price is $18.73.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $304B | $64B | (0.2%) | XXX | XXX | XXX | $1.69 |
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Start Free TrialNordea Bank Valuation Multiples
Nordea Bank trades at 21.7x EV/Revenue multiple.
EV / Revenue (LTM)
Nordea Bank Financial Valuation Multiples
As of March 7, 2026, Nordea Bank has market cap of $64B and EV of $304B.
Equity research analysts estimate Nordea Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nordea Bank has a P/E ratio of 11.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $64B | XXX | $64B | XXX | XXX | XXX |
| EV (current) | $304B | XXX | $304B | XXX | XXX | XXX |
| EV/Revenue | 21.7x | XXX | 21.7x | XXX | XXX | XXX |
| EV/EBIT | 40.3x | XXX | 40.2x | XXX | XXX | XXX |
| EV/Gross Profit | 40.3x | XXX | — | XXX | XXX | XXX |
| P/E | 11.1x | XXX | 11.1x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (68.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Nordea Bank 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.


Nordea Bank Margins & Growth Rates
Nordea Bank's revenue in the last 12 month declined by (0%).
Nordea Bank's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
Nordea Bank Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (0%) | XXX | (1%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 11% | XXX | XXX | XXX |
| Opex to Revenue | 46% | XXX | 45% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Nordea Bank Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Deutsche Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Truist | XXX | XXX | XXX | XXX | XXX | XXX |
| Société Générale | XXX | XXX | XXX | XXX | XXX | XXX |
| Crédit Agricole | XXX | XXX | XXX | XXX | XXX | XXX |
| Invest Bank | 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.
Nordea Bank M&A Activity
Nordea Bank acquired XXX companies to date.
Last acquisition by Nordea Bank was on XXXXXXXX, XXXXX. Nordea Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Nordea Bank
| 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 TrialNordea Bank Investment Activity
Nordea Bank invested in XXX companies to date.
Nordea Bank made its latest investment on XXXXXXXX, XXXXX. Nordea Bank invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Nordea Bank
| 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 Nordea Bank
| When was Nordea Bank founded? | Nordea Bank was founded in 1820. |
| Where is Nordea Bank headquartered? | Nordea Bank is headquartered in Sweden. |
| How many employees does Nordea Bank have? | As of today, Nordea Bank has over 31K employees. |
| Who is the CEO of Nordea Bank? | Nordea Bank's CEO is Frank Vang-Jensen. |
| Is Nordea Bank publicly listed? | Yes, Nordea Bank is a public company listed on Nasdaq Helsinki. |
| What is the stock symbol of Nordea Bank? | Nordea Bank trades under NDA FI ticker. |
| When did Nordea Bank go public? | Nordea Bank went public in 2018. |
| Who are competitors of Nordea Bank? | Nordea Bank main competitors are Deutsche Bank, Truist, Société Générale, Crédit Agricole. |
| What is the current market cap of Nordea Bank? | Nordea Bank's current market cap is $64B. |
| What is the current revenue of Nordea Bank? | Nordea Bank's last 12 months revenue is $14B. |
| What is the current revenue growth of Nordea Bank? | Nordea Bank revenue growth (NTM/LTM) is (0%). |
| What is the current EV/Revenue multiple of Nordea Bank? | Current revenue multiple of Nordea Bank is 21.7x. |
| Is Nordea Bank profitable? | Yes, Nordea Bank is net-income-positive (as of the last 12 months). |
| What is the current net income of Nordea Bank? | Nordea Bank's last 12 months net income is $6B. |
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