Swedbank ABSWDBF +0.27%67 Return-on-Tangible-Asset is 0.95% as of Mar. 2026, which is 6% above its 10-year median of 0.90. GuruFocus rates SWDBF with a GF Score™ of 67/100 and a GF Value™ of $22.46 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,532 Banks companies, Swedbank AB ranks better than 52.61% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Swedbank AB's annualizedNet Income for the quarter that ended in Mar. 2026 was $3,153 Mil. Swedbank AB's average total tangible assets for the quarter that ended in Mar. 2026 was $333,394 Mil. Therefore, Swedbank AB's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.95%.
The historical rank and industry rank for Swedbank AB's Return-on-Tangible-Asset or its related term are showing as below:
SWDBF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.52 Med: 0.9 Max: 1.2
Current: 1.03
During the past 13 years, Swedbank AB's highest Return-on-Tangible-Asset was 1.20%. The lowest was 0.52%. And the median was 0.90%.
SWDBF's Return-on-Tangible-Asset is ranked better than 52.61% of 1532
companies
in the Banks industry
Industry Median: 0.99
vs SWDBF: 1.03
Swedbank AB (OTCPK:SWDBF) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Swedbank AB Return-on-Tangible-Asset Related Terms
Swedbank AB Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Swedbank AB's Return-on-Tangible-Asset 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.
SWDBF vs PNC, USB: Return-on-Tangible-Asset Comparison
For the Banks - Regional subindustry, Swedbank AB's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, Swedbank AB's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Swedbank AB's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.95% mean?
Swedbank AB (SWDBF) has a Return-on-Tangible-Asset of 0.95% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Swedbank AB and its competitors. This is near median its historical median of 0.90. Over the past decade, Swedbank AB's Return-on-Tangible-Asset has ranged from 0.52 to 1.20. According to the industry distribution chart, Swedbank AB ranks #726 out of 1532 companies in the Banks industry, placing it in the top 47.4%.
Is Swedbank AB's Return-on-Tangible-Asset too high?
Swedbank AB's current Return-on-Tangible-Asset of 0.95% is near median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 1.20. The Banks industry median Return-on-Tangible-Asset is 0.99. Swedbank AB's value of 0.95% is 4% below this industry median. Based on the distribution chart, Swedbank AB ranks #726 out of 1532 companies in the Banks industry, which is above the industry midpoint. Overall, Swedbank 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 Swedbank AB's Return-on-Tangible-Asset compare to PNC and USB?
According to the Banks industry distribution chart, Swedbank AB ranks #726 out of 1532 companies for Return-on-Tangible-Asset. This puts Swedbank AB in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.99. Swedbank AB's value of 0.95% is 4% below this benchmark. Historically, Swedbank AB's own Return-on-Tangible-Asset has ranged from 0.52 to 1.20 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 0.99, Swedbank AB has consistently been below 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 Return-on-Tangible-Asset for a Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,532 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Swedbank AB's current Return-on-Tangible-Asset of 0.95% is 4% below 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Swedbank AB and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swedbank AB's current Return-on-Tangible-Asset is 0.95%, which is near median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swedbank AB stock overvalued right now?
Based on GuruFocus' analysis, Swedbank AB (SWDBF) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.46, compared to a current price of $36.90 — trading 64.3% above its estimated fair value. The current Return-on-Tangible-Asset is 0.95%, which is near median its 10-year median of 0.90 and 4% below the Banks industry median of 0.99. Swedbank AB's overall GF Score™ is 67/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Swedbank AB (SWDBF), the current Return-on-Tangible-Asset is 0.95% as of Mar. 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 Swedbank AB (SWDBF) Overvalued in 2026?
Based on GuruFocus' analysis, Swedbank AB stock appears to be overvalued.
The current stock price of $36.90 is trading 64.3% above its estimated GF Value™ of $22.46.
GuruFocus considers Swedbank AB to be Significantly Overvalued.
Key valuation signals for SWDBF:
Return-on-Tangible-Asset: 0.95% (near median its 10-year median of 0.90)
GF Value™: $22.46 vs. price of $36.90 (64.3% above fair value)
Industry Position: 4% below the Banks median (#726 of 1532)
No single metric tells the full story. See the SWDBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
67GF Score
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