Nordnet AB (publ)CHIX:SAVES +0.16%83 Return-on-Tangible-Equity is 43.65% as of Mar. 2026, which is 18% above its 10-year median of 36.93. GuruFocus rates CHIX:SAVES with a GF Score™ of 83/100 and a GF Value™ of kr274.39 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 779 Capital Markets companies, Nordnet AB (publ) ranks better than 90.37% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Nordnet AB (publ)'s annualized net income for the quarter that ended in Mar. 2026 was kr3,356 Mil. Nordnet AB (publ)'s average shareholder tangible equity for the quarter that ended in Mar. 2026 was kr7,688 Mil. Therefore, Nordnet AB (publ)'s annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 43.65%.
The historical rank and industry rank for Nordnet AB (publ)'s Return-on-Tangible-Equity or its related term are showing as below:
CHIX:SAVEs'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.34 Med: 36.93 Max: 47.17
Current: 42.34
During the past 13 years, Nordnet AB (publ)'s highest Return-on-Tangible-Equity was 47.17%. The lowest was 7.34%. And the median was 36.93%.
CHIX:SAVEs's Return-on-Tangible-Equity is ranked better than 90.37% of 779
companies
in the Capital Markets industry
Industry Median: 6.56
vs CHIX:SAVEs: 42.34
Nordnet AB (publ) (CHIX:SAVEs) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Nordnet AB (publ) Return-on-Tangible-Equity Related Terms
Nordnet AB (publ) Return-on-Tangible-Equity Historical Data
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The historical data trend for Nordnet AB (publ)'s Return-on-Tangible-Equity 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.
CHIX:SAVES vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Nordnet AB (publ)'s Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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) Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nordnet AB (publ)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nordnet AB (publ)'s Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 43.65% mean?
Nordnet AB (publ) (CHIX:SAVES) has a Return-on-Tangible-Equity of 43.65% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nordnet AB (publ) and its competitors. This is 18% above median its historical median of 36.93. Over the past decade, Nordnet AB (publ)'s Return-on-Tangible-Equity has ranged from 7.34 to 47.17. According to the industry distribution chart, Nordnet AB (publ) ranks #75 out of 779 companies in the Capital Markets industry, placing it in the top 9.6%.
Is Nordnet AB (publ)'s Return-on-Tangible-Equity too high?
Nordnet AB (publ)'s current Return-on-Tangible-Equity of 43.65% is 18% above median its 10-year median of 36.93. Over the past 10 years, this metric has ranged from a low of 7.34 to a high of 47.17. The Capital Markets industry median Return-on-Tangible-Equity is 6.56. Nordnet AB (publ)'s value of 43.65% is 565.4% above this industry median. Based on the distribution chart, Nordnet AB (publ) ranks #75 out of 779 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Nordnet AB (publ) has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nordnet AB (publ)'s Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Nordnet AB (publ) ranks #75 out of 779 companies for Return-on-Tangible-Equity. This places Nordnet AB (publ) in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.56. Nordnet AB (publ)'s value of 43.65% is 565.4% above this benchmark. Historically, Nordnet AB (publ)'s own Return-on-Tangible-Equity has ranged from 7.34 to 47.17 over the past decade. While the company's 10-year median is 36.93 vs. the industry median of 6.56, 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 Return-on-Tangible-Equity for a Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.56, based on 779 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nordnet AB (publ)'s current Return-on-Tangible-Equity of 43.65% is 565.4% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nordnet AB (publ) and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordnet AB (publ)'s current Return-on-Tangible-Equity is 43.65%, which is 18% above median its own 10-year median of 36.93. 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) (CHIX:SAVES) is currently considered Significantly Overvalued. The stock's GF Value™ is kr274.39, compared to a current price of kr369.50 — trading 34.7% above its estimated fair value. The current Return-on-Tangible-Equity is 43.65%, which is 18% above median its 10-year median of 36.93 and 565.4% above the Capital Markets industry median of 6.56. Nordnet AB (publ)'s overall GF Score™ is 83/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Nordnet AB (publ) (CHIX:SAVES), the current Return-on-Tangible-Equity is 43.65% 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 Nordnet AB (publ) (CHIX:SAVES) Overvalued in 2026?
Based on GuruFocus' analysis, Nordnet AB (publ) stock appears to be overvalued.
The current stock price of kr369.50 is trading 34.7% above its estimated GF Value™ of kr274.39.
GuruFocus considers Nordnet AB (publ) to be Significantly Overvalued.
Key valuation signals for CHIX:SAVES:
Return-on-Tangible-Equity: 43.65% (18% above median its 10-year median of 36.93)
GF Value™: kr274.39 vs. price of kr369.50 (34.7% above fair value)
Industry Position: 565.4% above the Capital Markets median (#75 of 779)
No single metric tells the full story. See the CHIX:SAVES 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.
83GF Score
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