Swedbank AB (CHIX:SWEDAS) Cyclically Adjusted Price-to-FCF: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:SWEDAS Swedbank AB CHIX:SWEDAS
57 GF Score
Price kr393.60
GF Value kr210.18
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Swedbank AB Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Swedbank AB  (CHIX:SWEDAs) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Swedbank AB Cyclically Adjusted Price-to-FCF Related Terms


Swedbank AB Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Swedbank AB's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Swedbank AB Cyclically Adjusted Price-to-FCF Chart

Swedbank AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.84 5.85 5.54 6.36 9.47

Swedbank AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.85 8.32 9.25 9.54 10.19

CHIX:SWEDAS vs USB: Cyclically Adjusted Price-to-FCF Comparison

For the Banks - Regional subindustry, Swedbank AB's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Swedbank AB Cyclically Adjusted Price-to-FCF vs Banks Industry

For the Banks industry and Financial Services sector, Swedbank AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Swedbank AB's Cyclically Adjusted Price-to-FCF falls into.


CHIX:SWEDAS
57GF Score
Swedbank AB CHIX:SWEDAS
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Swedbank AB Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Swedbank AB's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Swedbank AB's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-3.615/134.6100*134.6100
=-3.615

Current CPI (Jun. 2026) = 134.6100.

Swedbank AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 12.424 101.138 16.536
201612 12.714 102.022 16.775
201703 15.012 102.022 19.807
201706 -10.147 102.752 -13.293
201709 -18.865 103.279 -24.588
201712 0.391 103.793 0.507
201803 32.390 103.962 41.939
201806 14.861 104.875 19.075
201809 -4.745 105.679 -6.044
201812 4.496 105.912 5.714
201903 18.508 105.886 23.529
201906 3.503 106.742 4.418
201909 -8.184 107.214 -10.275
201912 14.332 107.766 17.902
202003 -7.425 106.563 -9.379
202006 33.751 107.498 42.263
202009 -21.920 107.635 -27.413
202012 -18.315 108.296 -22.765
202103 7.081 108.360 8.796
202106 -9.177 108.928 -11.341
202109 20.885 110.338 25.479
202112 10.409 112.486 12.456
202203 7.660 114.825 8.980
202206 44.537 118.384 50.642
202209 7.302 122.296 8.037
202212 25.712 126.365 27.390
202303 -6.181 127.042 -6.549
202306 29.518 129.407 30.705
202309 17.111 130.224 17.687
202312 10.391 131.912 10.604
202403 64.034 132.205 65.199
202406 -8.837 132.716 -8.963
202409 -24.046 132.304 -24.465
202412 19.552 132.987 19.791
202503 31.507 132.825 31.931
202506 -15.620 133.699 -15.726
202509 -5.284 133.480 -5.329
202512 -18.731 133.380 -18.904
202603 32.301 133.550 32.557
202606 -3.615 134.610 -3.615

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Swedbank AB (CHIX:SWEDAS) Overvalued in 2026?

Based on GuruFocus' analysis, Swedbank AB stock appears to be overvalued. The current stock price of kr393.60 is trading 87.3% above its estimated GF Value™ of kr210.18. GuruFocus considers Swedbank AB to be Significantly Overvalued.

Key valuation signals for CHIX:SWEDAS:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: kr210.18 vs. price of kr393.60 (87.3% above fair value)
  • GF Score™: 57/100 with 10 warning signs

No single metric tells the full story. See the CHIX:SWEDAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Swedbank AB Business Description

Address Landsvagen 40, Sundbyberg, Stockholm, SWE, 17263
Swedbank is one of the largest retail 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.
57GF Score

Get the complete analysis for CHIX:SWEDAS

Cyclically Adjusted Price-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr393.60
Price
kr210.18
GF Value