Swedbank AB (publ) (SWED-A) - Net Assets
Based on the latest financial reports, Swedbank AB (publ) (SWED-A) has net assets worth Skr199.11 Billion SEK (≈ $21.43 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr3.19 Trillion ≈ $343.04 Billion USD) and total liabilities (Skr2.99 Trillion ≈ $321.62 Billion USD). 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. Check Swedbank AB (publ) tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr199.11 Billion |
| % of Total Assets | 6.25% |
| 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. See Swedbank AB (publ) defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see Swedbank AB (publ) (SWED-A) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr225.83 Billion ≈ $24.30 Billion |
+3.16% |
| 2024-12-31 | Skr218.90 Billion ≈ $23.56 Billion |
+10.12% |
| 2023-12-31 | Skr198.79 Billion ≈ $21.39 Billion |
+12.89% |
| 2022-12-31 | Skr176.09 Billion ≈ $18.95 Billion |
-90.94% |
| 2021-12-31 | Skr1.94 Trillion ≈ $209.26 Billion |
+6.58% |
| 2020-12-31 | Skr1.82 Trillion ≈ $196.34 Billion |
+1216.01% |
| 2019-12-31 | Skr138.63 Billion ≈ $14.92 Billion |
+0.74% |
| 2018-12-31 | Skr137.61 Billion ≈ $14.81 Billion |
+4.70% |
| 2017-12-31 | Skr131.43 Billion ≈ $14.14 Billion |
+1.33% |
| 2016-12-31 | Skr129.71 Billion ≈ $13.96 Billion |
+5.16% |
| 2015-12-31 | Skr123.34 Billion ≈ $13.27 Billion |
+5.09% |
| 2014-12-31 | Skr117.37 Billion ≈ $12.63 Billion |
+6.99% |
| 2013-12-31 | Skr109.70 Billion ≈ $11.81 Billion |
+6.32% |
| 2012-12-31 | Skr103.19 Billion ≈ $11.10 Billion |
+6.87% |
| 2011-12-31 | Skr96.55 Billion ≈ $10.39 Billion |
+1.60% |
| 2010-12-31 | Skr95.03 Billion ≈ $10.23 Billion |
+5.62% |
| 2009-12-31 | Skr89.97 Billion ≈ $9.68 Billion |
+4.06% |
| 2008-12-31 | Skr86.46 Billion ≈ $9.30 Billion |
+26.55% |
| 2007-12-31 | Skr68.32 Billion ≈ $7.35 Billion |
+13.35% |
| 2006-12-31 | Skr60.28 Billion ≈ $6.49 Billion |
+11.90% |
| 2005-12-31 | Skr53.87 Billion ≈ $5.80 Billion |
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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 |
|---|---|
|
Legrand SA
PA:LR
|
$40.29 Billion |
|
Globalfoundries Inc
NASDAQ:GFS
|
$40.65 Billion |
|
Telstra Group Ltd
AU:TLS
|
$40.77 Billion |
|
Infineon Technologies AG
F:IFXA
|
$40.80 Billion |
|
LEGRAND UNSP.ARD 1/5 EO 4
F:LRC0
|
$40.25 Billion |
|
ArcelorMittal SA
AS:MT
|
$40.19 Billion |
|
Sun Life Financial Inc.
TO:SLF
|
$40.15 Billion |
|
Becton Dickinson and Company
NYSE:BDX
|
$40.12 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: 1.67x
- 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 3.85x to 1.67x 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 | Skr332.90 | x |
| 2006-12-31 | Skr96.26 | Skr332.90 | x |
| 2007-12-31 | Skr102.12 | Skr332.90 | x |
| 2008-12-31 | Skr130.78 | Skr332.90 | x |
| 2009-12-31 | Skr90.90 | Skr332.90 | x |
| 2010-12-31 | Skr81.92 | Skr332.90 | x |
| 2011-12-31 | Skr85.35 | Skr332.90 | x |
| 2012-12-31 | Skr93.50 | Skr332.90 | x |
| 2013-12-31 | Skr99.03 | Skr332.90 | x |
| 2014-12-31 | Skr105.53 | Skr332.90 | x |
| 2015-12-31 | Skr110.62 | Skr332.90 | x |
| 2016-12-31 | Skr116.02 | Skr332.90 | x |
| 2017-12-31 | Skr117.30 | Skr332.90 | x |
| 2018-12-31 | Skr122.62 | Skr332.90 | x |
| 2019-12-31 | Skr123.54 | Skr332.90 | x |
| 2020-12-31 | Skr138.12 | Skr332.90 | x |
| 2021-12-31 | Skr143.73 | Skr332.90 | x |
| 2022-12-31 | Skr156.38 | Skr332.90 | x |
| 2023-12-31 | Skr176.30 | Skr332.90 | x |
| 2024-12-31 | Skr193.73 | Skr332.90 | x |
| 2025-12-31 | Skr199.77 | Skr332.90 | 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: $80,616,780,000
- Average return on equity (ROE) among peers: 16.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Swedbank AB (publ) (SWED-A) | Skr199.11 Billion | 22.15% | 15.01x | $40.26 Billion |
| Arion banki hf (ARION-SDB) | $197.84 Billion | 6.31% | 4.93x | $2.14 Billion |
| Avanza Bank Holding AB (publ) (AZA) | $4.95 Billion | 33.65% | 47.70x | $5.81 Billion |
| Norion Bank (NORION) | $2.58 Billion | 11.63% | 4.84x | $1.18 Billion |
| Skandinaviska Enskilda Banken AB (publ) (SEB-A) | $134.58 Billion | 14.28% | 18.63x | $37.73 Billion |
| Skandinaviska Enskilda Banken AB (publ) (SEB-C) | $140.98 Billion | 7.53% | 17.59x | $478.77 Million |
| TF Bank AB (TFBANK) | $2.77 Billion | 22.81% | 8.04x | $1.15 Billion |
About Swedbank AB (publ)
Swedbank AB (publ) provides banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. It operates through Swedish Banking; Baltic Banking; Corporates and Institutions; and Premium and Private Banking segments. The company offers saving and investment solutions, such as savings account… Read more