Skandinaviska Enskilda Banken AB (OSTO:SEB A) Cyclically Adjusted PS Ratio: 6.39 (As of Sep. 16, 2026) — 45% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

OSTO:SEB A Skandinaviska Enskilda Banken AB OSTO:SEB A
67 GF Score
Price kr227.30
GF Value kr158.08
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Skandinaviska Enskilda Banken AB Cyclically Adjusted PS Ratio?

Skandinaviska Enskilda Banken AB OSTO:SEB A -0.22% 67 Cyclically Adjusted PS Ratio is 6.39 as of Sep. 16, 2026, which is 45% above its 10-year median of 4.41. GuruFocus rates OSTO:SEB A with a GF Score™ of 67/100 and a GF Value™ of kr158.08 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,301 Banks companies, Skandinaviska Enskilda Banken AB ranks worse than 90.39% on this metric.

As of today (2026-09-16), Skandinaviska Enskilda Banken AB's current share price is kr227.30. Skandinaviska Enskilda Banken AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was kr35.58. Skandinaviska Enskilda Banken AB's Cyclically Adjusted PS Ratio for today is 6.39.

The historical rank and industry rank for Skandinaviska Enskilda Banken AB's Cyclically Adjusted PS Ratio or its related term are showing as below:

OSTO:SEB A' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.74   Med: 4.41   Max: 6.96
Current: 6.96

During the past years, Skandinaviska Enskilda Banken AB's highest Cyclically Adjusted PS Ratio was 6.96. The lowest was 2.74. And the median was 4.41.

OSTO:SEB A's Cyclically Adjusted PS Ratio is ranked worse than
90.39% of 1301 companies
in the Banks industry
Industry Median: 3.45 vs OSTO:SEB A: 6.96

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Skandinaviska Enskilda Banken AB's adjusted revenue per share data for the three months ended in Jun. 2026 was kr11.361. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is kr35.58 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Skandinaviska Enskilda Banken AB  (OSTO:SEB A) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Skandinaviska Enskilda Banken AB Cyclically Adjusted PS Ratio Related Terms


Skandinaviska Enskilda Banken AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Skandinaviska Enskilda Banken AB's Cyclically Adjusted PS Ratio 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.

Skandinaviska Enskilda Banken AB Cyclically Adjusted PS Ratio Chart

Skandinaviska Enskilda Banken AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.59 3.88 4.19 4.50 5.67

Skandinaviska Enskilda Banken 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 PS Ratio 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 4.86 5.36 5.64 4.93 5.42

OSTO:SEB A vs USB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Skandinaviska Enskilda Banken AB's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


Skandinaviska Enskilda Banken AB Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Skandinaviska Enskilda Banken AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Skandinaviska Enskilda Banken AB's Cyclically Adjusted PS Ratio falls into.


OSTO:SEB A
67GF Score
Skandinaviska Enskilda Banken AB OSTO:SEB A
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Skandinaviska Enskilda Banken AB Cyclically Adjusted PS Ratio Calculation

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

Skandinaviska Enskilda Banken AB's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=227.30/35.583
=6.39

* 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.

Skandinaviska Enskilda Banken AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Skandinaviska Enskilda Banken AB's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=11.361/134.6100*134.6100
=11.361

Current CPI (Jun. 2026) = 134.6100.

Skandinaviska Enskilda Banken AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5.631 101.138 7.495
201612 5.994 102.022 7.909
201703 5.740 102.022 7.574
201706 5.900 102.752 7.729
201709 5.744 103.279 7.487
201712 5.579 103.793 7.235
201803 5.304 103.962 6.868
201806 6.141 104.875 7.882
201809 5.519 105.679 7.030
201812 6.053 105.912 7.693
201903 5.613 105.886 7.136
201906 6.259 106.742 7.893
201909 5.676 107.214 7.126
201912 6.562 107.766 8.197
202003 4.627 106.563 5.845
202006 6.488 107.498 8.124
202009 6.048 107.635 7.564
202012 6.537 108.296 8.125
202103 6.791 108.360 8.436
202106 6.941 108.928 8.578
202109 6.964 110.338 8.496
202112 7.008 112.486 8.386
202203 7.521 114.825 8.817
202206 7.387 118.384 8.400
202209 8.398 122.296 9.244
202212 9.494 126.365 10.113
202303 9.778 127.042 10.361
202306 10.180 129.407 10.589
202309 10.741 130.224 11.103
202312 10.358 131.912 10.570
202403 10.666 132.205 10.860
202406 10.619 132.716 10.771
202409 10.998 132.304 11.190
202412 10.737 132.987 10.868
202503 10.723 132.825 10.867
202506 10.625 133.699 10.697
202509 10.258 133.480 10.345
202512 10.407 133.380 10.503
202603 10.286 133.550 10.368
202606 11.361 134.610 11.361

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 6.39 mean?
Skandinaviska Enskilda Banken AB (OSTO:SEB A) has a Cyclically Adjusted PS Ratio of 6.39 as of Sep. 16, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Skandinaviska Enskilda Banken AB and its competitors. This is 45% above median its historical median of 4.41. Over the past decade, Skandinaviska Enskilda Banken AB's Cyclically Adjusted PS Ratio has ranged from 2.74 to 6.96. According to the industry distribution chart, Skandinaviska Enskilda Banken AB ranks #1176 out of 1301 companies in the Banks industry, placing it in the top 90.4%.
Is Skandinaviska Enskilda Banken AB's Cyclically Adjusted PS Ratio too high?
Skandinaviska Enskilda Banken AB's current Cyclically Adjusted PS Ratio of 6.39 is 45% above median its 10-year median of 4.41. Over the past 10 years, this metric has ranged from a low of 2.74 to a high of 6.96. The Banks industry median Cyclically Adjusted PS Ratio is 3.45. Skandinaviska Enskilda Banken AB's value of 6.39 is 85.2% above this industry median. Based on the distribution chart, Skandinaviska Enskilda Banken AB ranks #1176 out of 1301 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Skandinaviska Enskilda Banken AB has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Skandinaviska Enskilda Banken AB's Cyclically Adjusted PS Ratio compare to USB?
According to the Banks industry distribution chart, Skandinaviska Enskilda Banken AB ranks #1176 out of 1301 companies for Cyclically Adjusted PS Ratio. This places Skandinaviska Enskilda Banken AB in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.45. Skandinaviska Enskilda Banken AB's value of 6.39 is 85.2% above this benchmark. Historically, Skandinaviska Enskilda Banken AB's own Cyclically Adjusted PS Ratio has ranged from 2.74 to 6.96 over the past decade. While the company's 10-year median is 4.41 vs. the industry median of 3.45, Skandinaviska Enskilda Banken AB has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.45, based on 1,301 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Skandinaviska Enskilda Banken AB's current Cyclically Adjusted PS Ratio of 6.39 is 85.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Skandinaviska Enskilda Banken AB and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Skandinaviska Enskilda Banken AB's current Cyclically Adjusted PS Ratio is 6.39, which is 45% above median its own 10-year median of 4.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skandinaviska Enskilda Banken AB stock overvalued right now?
Based on GuruFocus' analysis, Skandinaviska Enskilda Banken AB (OSTO:SEB A) is currently considered Significantly Overvalued. The stock's GF Value™ is kr158.08, compared to a current price of kr227.30 — trading 43.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.39, which is 45% above median its 10-year median of 4.41 and 85.2% above the Banks industry median of 3.45. Skandinaviska Enskilda Banken AB's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Skandinaviska Enskilda Banken AB (OSTO:SEB A), the current Cyclically Adjusted PS Ratio is 6.39 as of Sep. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Skandinaviska Enskilda Banken AB (OSTO:SEB A) Overvalued in 2026?

Based on GuruFocus' analysis, Skandinaviska Enskilda Banken AB stock appears to be overvalued. The current stock price of kr227.30 is trading 43.8% above its estimated GF Value™ of kr158.08. GuruFocus considers Skandinaviska Enskilda Banken AB to be Significantly Overvalued.

Key valuation signals for OSTO:SEB A:

  • Cyclically Adjusted PS Ratio: 6.39 (45% above median its 10-year median of 4.41)
  • GF Value™: kr158.08 vs. price of kr227.30 (43.8% above fair value)
  • GF Score™: 67/100 with 7 warning signs
  • Industry Position: 85.2% above the Banks median (#1176 of 1301)

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


Skandinaviska Enskilda Banken AB Business Description

Address Kungstradgardsgatan 8, Stockholm, SWE, SE-106 40
Skandinaviska Enskilda Banken is a Swedish universal bank with a strong focus on the corporate lending sector. The bank operates in the Nordics, the Baltics, Germany, and the United Kingdom but derives the majority of its operating profits from Sweden. SEB specializes in corporate lending, particularly to large corporations. Additionally, it serves large midcorporate and multinational companies, financial institutions, and small and medium-size enterprises. It also serves about 4 million private customers in Sweden and the Baltics. The bank offers asset management, life insurance, and private banking services to its clients.
67GF Score

Get the complete analysis for OSTO:SEB A

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

kr227.30
Price
kr158.08
GF Value