Nordnet AB (publ)OSTO:SAVE +0.79%81 ROA % is 1.06% as of Mar. 2026, which is 34% above its 10-year median of 0.79. GuruFocus rates OSTO:SAVE with a GF Score™ of 81/100 and a GF Value™ of kr270.65 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 819 Capital Markets companies, Nordnet AB (publ) ranks worse than 55.8% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nordnet AB (publ)'s annualizedNet Income for the quarter that ended in Mar. 2026 was kr3,356 Mil.
Nordnet AB (publ)'s average Total Assets over the quarter that ended in Mar. 2026 was kr316,743 Mil. Therefore, Nordnet AB (publ)'s annualized ROA % for the quarter that ended in Mar. 2026 was 1.06%.
The historical rank and industry rank for Nordnet AB (publ)'s ROA % or its related term are showing as below:
OSTO:SAVE'
s ROA % Range Over the Past 10 Years
Min: 0.14 Med: 0.79 Max: 1.2
Current: 1.03
During the past 13 years, Nordnet AB (publ)'s highest ROA % was 1.20%. The lowest was 0.14%. And the median was 0.79%.
OSTO:SAVE's ROA % is ranked worse than 55.8% of 819
companies
in the Capital Markets industry
Industry Median: 1.5
vs OSTO:SAVE: 1.03
Nordnet AB (publ) (OSTO:SAVE) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Nordnet AB (publ) ROA % Related Terms
Nordnet AB (publ) ROA % Historical Data
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The historical data trend for Nordnet AB (publ)'s ROA % 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 ROA %, along with its competitors' market caps and ROA % 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) ROA % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nordnet AB (publ)'s ROA % distribution charts can be found below:
* The bar in red indicates where Nordnet AB (publ)'s ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
Nordnet AB (publ) (OSTO:SAVE) has a ROA % of 1.06% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nordnet AB (publ) and its competitors. This is 34% above median its historical median of 0.79. Over the past decade, Nordnet AB (publ)'s ROA % has ranged from 0.14 to 1.20. According to the industry distribution chart, Nordnet AB (publ) ranks #457 out of 819 companies in the Capital Markets industry, placing it in the top 55.8%.
Is Nordnet AB (publ)'s ROA % too high?
Nordnet AB (publ)'s current ROA % of 1.06% is 34% above median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 1.20. The Capital Markets industry median ROA % is 1.50. Nordnet AB (publ)'s value of 1.06% is 29.3% below this industry median. Based on the distribution chart, Nordnet AB (publ) ranks #457 out of 819 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Nordnet AB (publ) has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nordnet AB (publ)'s ROA % compare to MS and GS?
According to the Capital Markets industry distribution chart, Nordnet AB (publ) ranks #457 out of 819 companies for ROA %. This places Nordnet AB (publ) in the lower half of its industry. The industry median ROA % is 1.50. Nordnet AB (publ)'s value of 1.06% is 29.3% below this benchmark. Historically, Nordnet AB (publ)'s own ROA % has ranged from 0.14 to 1.20 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 1.50, Nordnet AB (publ) 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 ROA % for a Capital Markets company?
The median ROA % among Capital Markets companies is 1.50, based on 819 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nordnet AB (publ)'s current ROA % of 1.06% is 29.3% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nordnet AB (publ) and its competitors. For the Capital Markets industry, the median ROA % is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordnet AB (publ)'s current ROA % is 1.06%, which is 34% above median its own 10-year median of 0.79. 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) (OSTO:SAVE) is currently considered Significantly Overvalued. The stock's GF Value™ is kr270.65, compared to a current price of kr359.00 — trading 32.6% above its estimated fair value. The current ROA % is 1.06%, which is 34% above median its 10-year median of 0.79 and 29.3% below the Capital Markets industry median of 1.50. Nordnet AB (publ)'s overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Nordnet AB (publ) (OSTO:SAVE), the current ROA % is 1.06% 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) (OSTO:SAVE) Overvalued in 2026?
Based on GuruFocus' analysis, Nordnet AB (publ) stock appears to be overvalued.
The current stock price of kr359.00 is trading 32.6% above its estimated GF Value™ of kr270.65.
GuruFocus considers Nordnet AB (publ) to be Significantly Overvalued.
Key valuation signals for OSTO:SAVE:
ROA %: 1.06% (34% above median its 10-year median of 0.79)
GF Value™: kr270.65 vs. price of kr359.00 (32.6% above fair value)
Industry Position: 29.3% below the Capital Markets median (#457 of 819)
No single metric tells the full story. See the OSTO:SAVE 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.
81GF Score
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