Swedbank AB (publ) (SWED-A) - Net Assets

Latest as of December 2025: Skr225.83 Billion SEK

Based on the latest financial reports, Swedbank AB (publ) (SWED-A) has net assets worth Skr225.83 Billion SEK as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr3.06 Trillion) and total liabilities (Skr2.84 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Skr225.83 Billion
% of Total Assets	7.37%
Annual Growth Rate	7.43%
5-Year Change	-88.39%
10-Year Change	74.11%
Growth Volatility	265.46

Swedbank AB (publ) - Net Assets Trend (2005–2025)

This chart illustrates how Swedbank AB (publ)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Swedbank AB (publ) (2005–2025)

The table below shows the annual net assets of Swedbank AB (publ) from 2005 to 2025.

Year	Net Assets	Change
2025-12-31	Skr225.83 Billion	+3.16%
2024-12-31	Skr218.90 Billion	+10.12%
2023-12-31	Skr198.79 Billion	+12.89%
2022-12-31	Skr176.09 Billion	-90.94%
2021-12-31	Skr1.94 Trillion	+6.58%
2020-12-31	Skr1.82 Trillion	+1216.01%
2019-12-31	Skr138.63 Billion	+0.74%
2018-12-31	Skr137.61 Billion	+4.70%
2017-12-31	Skr131.43 Billion	+1.33%
2016-12-31	Skr129.71 Billion	+5.16%
2015-12-31	Skr123.34 Billion	+5.09%
2014-12-31	Skr117.37 Billion	+6.99%
2013-12-31	Skr109.70 Billion	+6.32%
2012-12-31	Skr103.19 Billion	+6.87%
2011-12-31	Skr96.55 Billion	+1.60%
2010-12-31	Skr95.03 Billion	+5.62%
2009-12-31	Skr89.97 Billion	+4.06%
2008-12-31	Skr86.46 Billion	+26.55%
2007-12-31	Skr68.32 Billion	+13.35%
2006-12-31	Skr60.28 Billion	+11.90%
2005-12-31	Skr53.87 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Swedbank AB (publ)'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 552.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Skr180.82 Billion	80.08%
Common Stock	Skr24.90 Billion	11.03%
Other Comprehensive Income	Skr2.80 Billion	1.24%
Other Components	Skr17.27 Billion	7.65%
Total Equity	Skr225.80 Billion	100.00%

Swedbank AB (publ) Competitors by Market Cap

The table below lists competitors of Swedbank AB (publ) ranked by their market capitalization.

Company	Market Cap
WEG S.A SA:WEGE3	$40.05 Billion
Franco-Nevada Corporation NYSE:FNV	$40.13 Billion
Lumentum Holdings Inc NASDAQ:LITE	$40.18 Billion
Wanhua Chemical Group Co Ltd SHG:600309	$40.21 Billion
CITIC Limited F:CPF	$39.78 Billion
Deutsche Börse AG XETRA:DB1	$39.66 Billion
Alcon AG NYSE:ALC	$39.64 Billion
Polski Koncern Naftowy ORLEN SA WAR:PKN	$39.63 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Swedbank AB (publ)'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 218,874,000,000 to 225,802,000,000, a change of 6,928,000,000 (3.2%).
Net income of 32,759,000,000 contributed positively to equity growth.
Dividend payments of 24,392,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 1,580,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Skr32.76 Billion	+14.51%
Dividends Paid	Skr24.39 Billion	-10.8%
Other Comprehensive Income	Skr-1.58 Billion	-0.7%
Other Changes	Skr141.00 Million	+0.06%
Total Change	Skr-	3.17%

Book Value vs Market Value Analysis

This analysis compares Swedbank AB (publ)'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.65x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 3.83x to 1.65x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	Skr86.41	Skr330.60	x
2006-12-31	Skr96.26	Skr330.60	x
2007-12-31	Skr102.12	Skr330.60	x
2008-12-31	Skr130.78	Skr330.60	x
2009-12-31	Skr90.90	Skr330.60	x
2010-12-31	Skr81.92	Skr330.60	x
2011-12-31	Skr85.35	Skr330.60	x
2012-12-31	Skr93.50	Skr330.60	x
2013-12-31	Skr99.03	Skr330.60	x
2014-12-31	Skr105.53	Skr330.60	x
2015-12-31	Skr110.62	Skr330.60	x
2016-12-31	Skr116.02	Skr330.60	x
2017-12-31	Skr117.30	Skr330.60	x
2018-12-31	Skr122.62	Skr330.60	x
2019-12-31	Skr123.54	Skr330.60	x
2020-12-31	Skr138.12	Skr330.60	x
2021-12-31	Skr143.73	Skr330.60	x
2022-12-31	Skr156.38	Skr330.60	x
2023-12-31	Skr176.30	Skr330.60	x
2024-12-31	Skr193.73	Skr330.60	x
2025-12-31	Skr199.77	Skr330.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Swedbank AB (publ) utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 14.51%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 28.26%
• Asset Turnover: 0.04x
• Equity Multiplier: 13.56x
Recent ROE (14.51%) is above the historical average (12.94%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	22.15%	26.06%	0.04x	22.32x	Skr6.52 Billion
2006	18.14%	18.09%	0.04x	22.56x	Skr4.88 Billion
2007	17.64%	14.92%	0.05x	23.64x	Skr5.20 Billion
2008	12.63%	11.71%	0.05x	21.01x	Skr2.26 Billion
2009	-11.72%	-15.12%	0.04x	20.01x	Skr-19.48 Billion
2010	7.84%	13.92%	0.03x	18.08x	Skr-2.05 Billion
2011	12.18%	17.52%	0.04x	19.26x	Skr2.10 Billion
2012	13.88%	21.27%	0.04x	17.93x	Skr4.00 Billion
2013	11.78%	21.01%	0.03x	16.65x	Skr1.95 Billion
2014	14.03%	27.56%	0.03x	18.10x	Skr4.73 Billion
2015	12.77%	28.88%	0.03x	17.45x	Skr3.41 Billion
2016	15.09%	36.02%	0.03x	16.63x	Skr6.59 Billion
2017	14.74%	40.67%	0.02x	16.84x	Skr6.23 Billion
2018	15.40%	41.32%	0.02x	16.38x	Skr7.42 Billion
2019	14.21%	36.13%	0.02x	17.37x	Skr5.84 Billion
2020	8.33%	24.93%	0.02x	16.72x	Skr-2.59 Billion
2021	12.91%	42.03%	0.02x	17.01x	Skr4.70 Billion
2022	12.13%	33.10%	0.02x	16.21x	Skr3.76 Billion
2023	17.17%	26.02%	0.05x	14.37x	Skr14.25 Billion
2024	15.93%	24.20%	0.05x	13.75x	Skr12.98 Billion
2025	14.51%	28.26%	0.04x	13.56x	Skr10.18 Billion

Industry Comparison

This section compares Swedbank AB (publ)'s net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $25,659,425,250
Average return on equity (ROE) among peers: 20.36%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Swedbank AB (publ) (SWED-A)	Skr225.83 Billion	22.15%	12.56x	$39.93 Billion
Avanza Bank Holding AB (publ) (AZA)	$275.79 Million	26.90%	5.19x	$6.68 Billion
Norion Bank (NORION)	$2.58 Billion	11.63%	4.84x	$1.25 Billion
Skandinaviska Enskilda Banken AB (publ) (SEB-A)	$99.54 Billion	6.78%	20.90x	$38.50 Billion
TF Bank AB (TFBANK)	$238.91 Million	36.13%	6.74x	$1.31 Billion

About Swedbank AB (publ)

ST:SWED-A Sweden Banks - Regional

Market Cap

$39.93 Billion

Skr371.06 Billion SEK

Market Cap Rank

#600 Global

#6 in Sweden

Share Price

Skr330.60

Change (1 day)

-0.63%

52-Week Range

Skr220.60 - Skr361.30

All Time High

Skr361.30