Swedbank AB (publ) Net Assets
Swedbank AB (publ) net assets. Based on the latest financial reports, Swedbank AB (publ) (SWED-A) has net assets worth Skr207.07 Billion SEK (≈ $22.28 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr3.31 Trillion ≈ $355.85 Billion USD) and total liabilities (Skr3.10 Trillion ≈ $333.57 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. Also explore Swedbank AB (publ) (SWED-A) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr207.07 Billion |
| % of Total Assets | 6.26% |
| Annual Growth Rate | 7.43% |
| 5-Year Change | -88.39% |
| 10-Year Change | 74.11% |
| Growth Volatility | 265.46 |
Net Assets of Swedbank AB (publ) (2005–2025)
Net assets of Swedbank AB (publ) from 2005 to 2025. This chart illustrates how Swedbank AB (publ)'s net assets have evolved over time, based on quarterly financial data. See SWED-A net asset quality index to measure how much of total assets are equity-financed.
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 market cap and overall valuation, see SWED-A company net worth.
| 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.
Swedbank AB (publ) Net Assets Breakdown (December 2025)
Swedbank AB (publ) net assets breakdown by equity component as of 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 |
|---|---|
|
CTBC Financial Holding Co Ltd
TW:2891
|
$46.99 Billion |
|
Larsen & Toubro Limited
F:LTO
|
$47.05 Billion |
|
AutoZone Inc
NYSE:AZO
|
$47.07 Billion |
|
ArcelorMittal SA
AS:MT
|
$47.25 Billion |
|
Vistra Energy Corp
NYSE:VST
|
$46.88 Billion |
|
Polski Koncern Naftowy ORLEN SA
WAR:PKN
|
$46.77 Billion |
|
Waste Connections Inc
TO:WCN
|
$46.74 Billion |
|
SIEMENS HEALTH ADR/050
F:SHL1
|
$46.68 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: 1.94x
- 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 4.50x to 1.94x 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 | Skr388.50 | x |
| 2006-12-31 | Skr96.26 | Skr388.50 | x |
| 2007-12-31 | Skr102.12 | Skr388.50 | x |
| 2008-12-31 | Skr130.78 | Skr388.50 | x |
| 2009-12-31 | Skr90.90 | Skr388.50 | x |
| 2010-12-31 | Skr81.92 | Skr388.50 | x |
| 2011-12-31 | Skr85.35 | Skr388.50 | x |
| 2012-12-31 | Skr93.50 | Skr388.50 | x |
| 2013-12-31 | Skr99.03 | Skr388.50 | x |
| 2014-12-31 | Skr105.53 | Skr388.50 | x |
| 2015-12-31 | Skr110.62 | Skr388.50 | x |
| 2016-12-31 | Skr116.02 | Skr388.50 | x |
| 2017-12-31 | Skr117.30 | Skr388.50 | x |
| 2018-12-31 | Skr122.62 | Skr388.50 | x |
| 2019-12-31 | Skr123.54 | Skr388.50 | x |
| 2020-12-31 | Skr138.12 | Skr388.50 | x |
| 2021-12-31 | Skr143.73 | Skr388.50 | x |
| 2022-12-31 | Skr156.38 | Skr388.50 | x |
| 2023-12-31 | Skr176.30 | Skr388.50 | x |
| 2024-12-31 | Skr193.73 | Skr388.50 | x |
| 2025-12-31 | Skr199.77 | Skr388.50 | 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) | Skr207.07 Billion | 22.15% | 14.97x | $46.98 Billion |
| Arion banki hf (ARION-SDB) | $197.84 Billion | 6.31% | 4.93x | $2.09 Billion |
| Avanza Bank Holding AB (publ) (AZA) | $4.95 Billion | 33.65% | 47.70x | $6.00 Billion |
| Norion Bank (NORION) | $2.58 Billion | 11.63% | 4.84x | $1.24 Billion |
| Skandinaviska Enskilda Banken AB (publ) (SEB-A) | $134.58 Billion | 14.28% | 18.63x | $43.33 Billion |
| Skandinaviska Enskilda Banken AB (publ) (SEB-C) | $140.98 Billion | 7.53% | 17.59x | $553.63 Million |
| TF Bank AB (TFBANK) | $2.77 Billion | 22.81% | 8.04x | $1.17 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