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Nordnet Valuation Multiples
Discover revenue and EBITDA valuation multiples for Nordnet and similar public comparables like BitMine, Founder Securities, Freedom Holding, StoneX Group and more.
Nordnet Overview
About Nordnet
Nordnet AB (publ) is a digital platform for savings and investments in the Nordics. The company operates in Sweden, Norway, Denmark and Finland. Its purpose is to democratize savings and investments. It provides trading in a large number of equities, funds, and other types of securities from several markets at a low price, as well as pension savings without fixed fees. The firm also offers margin loans, private loans, and mortgages. There are a number of user-interfaces to choose from, such as web, app, or more trading applications. Digital financial guidance tools are offered to customers who want help and inspiration with their savings. It also operates the widely used social investment network in the Nordics, Shareville.
Founded
1996
HQ

Employees
797
Website
Financials (LTM)
EV
$9B
Nordnet Financials
Nordnet reported last 12-month revenue of $624M.
In the same LTM period, Nordnet generated $437M in gross profit and $351M in net income.
Revenue (LTM)
Nordnet P&L
In the most recent fiscal year, Nordnet reported revenue of $608M and net income of $341M.
Nordnet expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $624M | XXX | $608M | XXX | XXX | XXX |
| Gross Profit | $437M | XXX | — | XXX | XXX | XXX |
| Gross Margin | 70% | XXX | — | XXX | XXX | XXX |
| EBIT Margin | 70% | XXX | 69% | XXX | XXX | XXX |
| Net Profit | $351M | XXX | $341M | XXX | XXX | XXX |
| Net Margin | 56% | XXX | 56% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Nordnet Stock Performance
Nordnet has current market cap of $9B, and enterprise value of $9B.
Market Cap Evolution
Nordnet's stock price is $37.11.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9B | $9B | -1.8% | XXX | XXX | XXX | $1.37 |
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Start Free TrialNordnet Valuation Multiples
Nordnet trades at 14.8x EV/Revenue multiple.
EV / Revenue (LTM)
Nordnet Financial Valuation Multiples
As of April 17, 2026, Nordnet has market cap of $9B and EV of $9B.
Equity research analysts estimate Nordnet's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nordnet has a P/E ratio of 26.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV/Revenue | 14.8x | XXX | 15.2x | XXX | XXX | XXX |
| EV/EBIT | 21.3x | XXX | 21.9x | XXX | XXX | XXX |
| EV/Gross Profit | 21.2x | XXX | — | XXX | XXX | XXX |
| P/E | 26.3x | XXX | 27.1x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 6.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Nordnet 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.


Nordnet Margins & Growth Rates
Nordnet's revenue in the last 12 month grew by 10%.
Nordnet's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.2M for the same period.
Nordnet Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 9% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | 30% | XXX | 31% | XXX | XXX | XXX |
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Nordnet Public Comps
See public comps and valuation multiples for other Investment Brokerage and Online Brokers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Nordnet | XXX | XXX | XXX | XXX | XXX | XXX |
| BitMine | XXX | XXX | XXX | XXX | XXX | XXX |
| Founder Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Freedom Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| StoneX Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Swissquote | 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.
Nordnet M&A Activity
Nordnet acquired XXX companies to date.
Last acquisition by Nordnet was on XXXXXXXX, XXXXX. Nordnet acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Nordnet
| 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 TrialNordnet Investment Activity
Nordnet invested in XXX companies to date.
Nordnet made its latest investment on XXXXXXXX, XXXXX. Nordnet invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Nordnet
| 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 Nordnet
| When was Nordnet founded? | Nordnet was founded in 1996. |
| Where is Nordnet headquartered? | Nordnet is headquartered in Sweden. |
| How many employees does Nordnet have? | As of today, Nordnet has over 797 employees. |
| Who is the CEO of Nordnet? | Nordnet's CEO is Lars-Ake Norling. |
| Is Nordnet publicly listed? | Yes, Nordnet is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Nordnet? | Nordnet trades under SAVE ticker. |
| When did Nordnet go public? | Nordnet went public in 2020. |
| Who are competitors of Nordnet? | Nordnet main competitors are BitMine, Founder Securities, Freedom Holding, StoneX Group. |
| What is the current market cap of Nordnet? | Nordnet's current market cap is $9B. |
| What is the current revenue of Nordnet? | Nordnet's last 12 months revenue is $624M. |
| What is the current revenue growth of Nordnet? | Nordnet revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Nordnet? | Current revenue multiple of Nordnet is 14.8x. |
| Is Nordnet profitable? | Yes, Nordnet is net-income-positive (as of the last 12 months). |
| What is the current net income of Nordnet? | Nordnet's last 12 months net income is $351M. |
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