Nordnet AB (publ)MIL:1SAVE 57 PB Ratio is 9.49 as of Jul. 07, 2026, which is 28% above its 10-year median of 7.39. GuruFocus rates MIL:1SAVE with a GF Score™ of 57/100 and a GF Value™ of €23.37 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 779 Capital Markets companies, Nordnet AB (publ) ranks worse than 95.64% on this metric.
Nordnet AB (publ) stock PB Ratio (=9.99) is close to 10-year high of 9.99.
The historical rank and industry rank for Nordnet AB (publ)'s PB Ratio or its related term are showing as below:
MIL:1SAVE'
s PB Ratio Range Over the Past 10 Years
Min: 4.95 Med: 7.39 Max: 9.99
Current: 9.99
During the past 13 years, Nordnet AB (publ)'s highest PB Ratio was 9.99. The lowest was 4.95. And the median was 7.39.
MIL:1SAVE's PB Ratio is ranked worse than 95.64% of 779
companies
in the Capital Markets industry
Industry Median: 1.35
vs MIL:1SAVE: 9.99
During the past 12 months, Nordnet AB (publ)'s average Book Value Per Share Growth Rate was 7.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 16.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nordnet AB (publ) was 44.40% per year. The lowest was -9.50% per year. And the median was 11.85% per year.
Back to Basics: PB Ratio
Nordnet AB (publ) (MIL:1SAVE) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Nordnet AB (publ) PB Ratio Related Terms
Nordnet AB (publ) PB Ratio Historical Data
* Premium members only.
The historical data trend for Nordnet AB (publ)'s PB 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.
For the Capital Markets subindustry, Nordnet AB (publ)'s PB Ratio, along with its competitors' market caps and PB 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.
Nordnet AB (publ) PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nordnet AB (publ)'s PB Ratio distribution charts can be found below:
* The bar in red indicates where Nordnet AB (publ)'s PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Nordnet AB (publ) (MIL:1SAVE) has a PB Ratio of 9.49 as of Jul. 07, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nordnet AB (publ) and its competitors. This is 28% above median its historical median of 7.39. Over the past decade, Nordnet AB (publ)'s PB Ratio has ranged from 4.95 to 9.99. According to the industry distribution chart, Nordnet AB (publ) ranks #745 out of 779 companies in the Capital Markets industry, placing it in the top 95.6%.
Is Nordnet AB (publ)'s PB Ratio too high?
Nordnet AB (publ)'s current PB Ratio of 9.49 is 28% above median its 10-year median of 7.39. Over the past 10 years, this metric has ranged from a low of 4.95 to a high of 9.99. The Capital Markets industry median PB Ratio is 1.35. Nordnet AB (publ)'s value of 9.49 is 603% above this industry median. Based on the distribution chart, Nordnet AB (publ) ranks #745 out of 779 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Nordnet AB (publ) has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nordnet AB (publ)'s PB Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Nordnet AB (publ) ranks #745 out of 779 companies for PB Ratio. This places Nordnet AB (publ) in the lower half of its industry. The industry median PB Ratio is 1.35. Nordnet AB (publ)'s value of 9.49 is 603% above this benchmark. Historically, Nordnet AB (publ)'s own PB Ratio has ranged from 4.95 to 9.99 over the past decade. While the company's 10-year median is 7.39 vs. the industry median of 1.35, Nordnet AB (publ) 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 PB Ratio for a Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.35, based on 779 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nordnet AB (publ)'s current PB Ratio of 9.49 is 603% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nordnet AB (publ) and its competitors. For the Capital Markets industry, the median PB Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordnet AB (publ)'s current PB Ratio is 9.49, which is 28% above median its own 10-year median of 7.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordnet AB (publ) stock overvalued right now?
Based on GuruFocus' analysis, Nordnet AB (publ) (MIL:1SAVE) is currently considered Significantly Overvalued. The stock's GF Value™ is €23.37, compared to a current price of €32.54 — trading 39.2% above its estimated fair value. The current PB Ratio is 9.49, which is 28% above median its 10-year median of 7.39 and 603% above the Capital Markets industry median of 1.35. Nordnet AB (publ)'s overall GF Score™ is 57/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Nordnet AB (publ) (MIL:1SAVE), the current PB Ratio is 9.49 as of Jul. 07, 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 Nordnet AB (publ) (MIL:1SAVE) Overvalued in 2026?
Based on GuruFocus' analysis, Nordnet AB (publ) stock appears to be overvalued.
The current stock price of €32.54 is trading 39.2% above its estimated GF Value™ of €23.37.
GuruFocus considers Nordnet AB (publ) to be Significantly Overvalued.
Key valuation signals for MIL:1SAVE:
PB Ratio: 9.49 (28% above median its 10-year median of 7.39)
GF Value™: €23.37 vs. price of €32.54 (39.2% above fair value)
Industry Position: 603% above the Capital Markets median (#745 of 779)
No single metric tells the full story. See the MIL:1SAVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nordnet AB (publ) offers financial services and products, in savings and investments in its home markets of Sweden, Norway, Denmark, and Finland. Its products include savings and investments, pension, and loans. Its operating segments are Sweden, Norway, Denmark, and Finland of which Sweden derives the majority of the revenue.
57GF Score
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