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Svenska Handelsbanken AB (publ) SHB-A.ST

SE · Nasdaq Stockholm · XSTO · stock · Financial Services · website

Svenska Handelsbanken AB (publ) statistics & valuation

Market capkr 297.3B
P / E12.5×
P / S5.2×
P / B1.5×
Net margin41.8%
FCF margin-83.4%
Net debtkr 1.25T
Enterprise value USD$162.1B
Graham number +12.1%kr 166.22

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (kr 166.22); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
43.90% 46.90% 44.10% 41.80% 2022202320242025
Gross margin (%)
2022202320242025
Operating margin (%)
2022202320242025
Return on equity (%)
11.20% 14.20% 13.10% 11.90% 2022202320242025
Shares outstanding
1.94B 1.94B 1.94B 1.94B 2022202320242025
Net debt (kr )
kr 1.18T kr 1.37T kr 1.30T kr 1.25T 2022202320242025
Share buybacks (kr )
2022202320242025
Return on assets (%)
0.60% 0.80% 0.80% 0.70% 2022202320242025
Free cash flow margin (%)
-80.70% 34.40% 68.80% -83.40% 2022202320242025
Debt / equity (×)
8.56× 9.03× 8.76× 8.46× 2022202320242025
EPS (kr )
kr 10.95 kr 14.70 kr 13.86 kr 11.98 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Svenska Handelsbanken AB (publ) trades at about 12.4× earnings — above its 10-year norm (10-year range 7.7×–11.7×, median 9.9×).

7.7× 12.4×

Shaded band = 10-year range (7.7×–11.7×); dot = today's 12.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Net margin41.8%44.1%46.9%43.9%
FCF margin-83.4%68.8%34.4%-80.7%
Return on assets0.7%0.8%0.8%0.6%
Return on equity11.9%13.1%14.2%11.2%

Computed from company filings · SE · as of 2025-12-31. Figures in SEK. Facts plus Stocktoria's own computed scores — not investment advice.