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Swedbank Valuation Multiples
Discover revenue and EBITDA valuation multiples for Swedbank and similar public comparables like Kotak Mahindra Bank, SEB Group, Banco Bradesco, KB Financial Group and more.
Swedbank Overview
About Swedbank
Swedbank is one of the oldest banks in Sweden, where it derives the lion's share of its income. The bank is the result of merging savings and union banks in Sweden in the aftermath of the financial crisis in the early 1990s in Sweden. The remaining independent savings banks in Sweden remain in close collaboration with Swedbank, acting as an additional product distribution channel to Swedbank and sharing Swedbank's IT systems and part of its development costs. In addition, the bank operates in the three Baltic states: Estonia, Latvia, and Lithuania. Swedbank has a market-leading position in the Baltics, with a market share ranging from 20% to 55% in retail banking, where it generates 16% of revenue.
Founded
1820
HQ

Employees
19.6K
Website
Sectors
Financials (LTM)
EV
$129B
Swedbank Financials
Swedbank reported last 12-month revenue of $8B.
In the same LTM period, Swedbank generated $5B in gross profit and $4B in net income.
Revenue (LTM)
Swedbank P&L
In the most recent fiscal year, Swedbank reported revenue of $8B and net income of $4B.
Swedbank expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $8B | XXX | $8B | XXX | XXX | XXX |
| Gross Profit | $5B | XXX | — | XXX | XXX | XXX |
| Gross Margin | 63% | XXX | — | XXX | XXX | XXX |
| EBIT Margin | 63% | XXX | 64% | XXX | XXX | XXX |
| Net Profit | $4B | XXX | $4B | XXX | XXX | XXX |
| Net Margin | 46% | XXX | 48% | XXX | XXX | XXX |
| Net Debt | — | — | $71B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Swedbank Stock Performance
Swedbank has current market cap of $41B, and enterprise value of $129B.
Market Cap Evolution
Swedbank's stock price is $36.09.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $129B | $41B | 0.3% | XXX | XXX | XXX | $3.29 |
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Start Free TrialSwedbank Valuation Multiples
Swedbank trades at 16.7x EV/Revenue multiple.
EV / Revenue (LTM)
Swedbank Financial Valuation Multiples
As of April 20, 2026, Swedbank has market cap of $41B and EV of $129B.
Equity research analysts estimate Swedbank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Swedbank has a P/E ratio of 11.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $41B | XXX | $41B | XXX | XXX | XXX |
| EV (current) | $129B | XXX | $129B | XXX | XXX | XXX |
| EV/Revenue | 16.7x | XXX | 16.6x | XXX | XXX | XXX |
| EV/EBIT | 26.5x | XXX | 26.1x | XXX | XXX | XXX |
| EV/Gross Profit | 26.3x | XXX | — | XXX | XXX | XXX |
| P/E | 11.3x | XXX | 11.0x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (25.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Swedbank 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.


Swedbank Margins & Growth Rates
Swedbank's revenue in the last 12 month grew by 1%.
Swedbank's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
Swedbank Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | (1%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 11% | XXX | XXX | XXX |
| Opex to Revenue | 37% | XXX | 39% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Swedbank Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Swedbank | XXX | XXX | XXX | XXX | XXX | XXX |
| Kotak Mahindra Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| SEB Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Banco Bradesco | XXX | XXX | XXX | XXX | XXX | XXX |
| KB Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Danske 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.
Swedbank M&A Activity
Swedbank acquired XXX companies to date.
Last acquisition by Swedbank was on XXXXXXXX, XXXXX. Swedbank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Swedbank
| 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 TrialSwedbank Investment Activity
Swedbank invested in XXX companies to date.
Swedbank made its latest investment on XXXXXXXX, XXXXX. Swedbank invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Swedbank
| 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 Swedbank
| When was Swedbank founded? | Swedbank was founded in 1820. |
| Where is Swedbank headquartered? | Swedbank is headquartered in Sweden. |
| How many employees does Swedbank have? | As of today, Swedbank has over 19K employees. |
| Who is the CEO of Swedbank? | Swedbank's CEO is Jens Henriksson. |
| Is Swedbank publicly listed? | Yes, Swedbank is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Swedbank? | Swedbank trades under SWED A ticker. |
| When did Swedbank go public? | Swedbank went public in 1995. |
| Who are competitors of Swedbank? | Swedbank main competitors are Kotak Mahindra Bank, SEB Group, Banco Bradesco, KB Financial Group. |
| What is the current market cap of Swedbank? | Swedbank's current market cap is $41B. |
| What is the current revenue of Swedbank? | Swedbank's last 12 months revenue is $8B. |
| What is the current revenue growth of Swedbank? | Swedbank revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Swedbank? | Current revenue multiple of Swedbank is 16.7x. |
| Is Swedbank profitable? | Yes, Swedbank is net-income-positive (as of the last 12 months). |
| What is the current net income of Swedbank? | Swedbank's last 12 months net income is $4B. |
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