Nordnet AB (publ)OSTO:SAVE +0.79%81 ROE % is 38.25% as of Mar. 2026, which is 28% above its 10-year median of 29.86. 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 794 Capital Markets companies, Nordnet AB (publ) ranks better than 94.46% on this metric.
The historical rank and industry rank for Nordnet AB (publ)'s ROE % or its related term are showing as below:
OSTO:SAVE'
s ROE % Range Over the Past 10 Years
Min: 5.88 Med: 29.86 Max: 38.91
Current: 36.94
During the past 13 years, Nordnet AB (publ)'s highest ROE % was 38.91%. The lowest was 5.88%. And the median was 29.86%.
OSTO:SAVE's ROE % is ranked better than 94.46% of 794
companies
in the Capital Markets industry
Industry Median: 6.005
vs OSTO:SAVE: 36.94
Nordnet AB (publ) (OSTO:SAVE) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Nordnet AB (publ) ROE % Related Terms
Nordnet AB (publ) ROE % Historical Data
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The historical data trend for Nordnet AB (publ)'s ROE % 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 ROE %, along with its competitors' market caps and ROE % 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) ROE % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Nordnet AB (publ)'s ROE % distribution charts can be found below:
* The bar in red indicates where Nordnet AB (publ)'s ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Nordnet AB (publ) (OSTO:SAVE) has a ROE % of 38.25% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Nordnet AB (publ) and its competitors. This is 28% above median its historical median of 29.86. Over the past decade, Nordnet AB (publ)'s ROE % has ranged from 5.88 to 38.91. According to the industry distribution chart, Nordnet AB (publ) ranks #44 out of 794 companies in the Capital Markets industry, placing it in the top 5.5%.
Is Nordnet AB (publ)'s ROE % too high?
Nordnet AB (publ)'s current ROE % of 38.25% is 28% above median its 10-year median of 29.86. Over the past 10 years, this metric has ranged from a low of 5.88 to a high of 38.91. The Capital Markets industry median ROE % is 6.01. Nordnet AB (publ)'s value of 38.25% is 537% above this industry median. Based on the distribution chart, Nordnet AB (publ) ranks #44 out of 794 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 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nordnet AB (publ)'s ROE % compare to MS and GS?
According to the Capital Markets industry distribution chart, Nordnet AB (publ) ranks #44 out of 794 companies for ROE %. This places Nordnet AB (publ) in the top 6% of its industry — outperforming the majority of peers. The industry median ROE % is 6.01. Nordnet AB (publ)'s value of 38.25% is 537% above this benchmark. Historically, Nordnet AB (publ)'s own ROE % has ranged from 5.88 to 38.91 over the past decade. While the company's 10-year median is 29.86 vs. the industry median of 6.01, 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 ROE % for a Capital Markets company?
The median ROE % among Capital Markets companies is 6.01, based on 794 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nordnet AB (publ)'s current ROE % of 38.25% is 537% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Nordnet AB (publ) and its competitors. For the Capital Markets industry, the median ROE % is 6.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordnet AB (publ)'s current ROE % is 38.25%, which is 28% above median its own 10-year median of 29.86. 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 ROE % is 38.25%, which is 28% above median its 10-year median of 29.86 and 537% above the Capital Markets industry median of 6.01. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Nordnet AB (publ) (OSTO:SAVE), the current ROE % is 38.25% 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:
ROE %: 38.25% (28% above median its 10-year median of 29.86)
GF Value™: kr270.65 vs. price of kr359.00 (32.6% above fair value)
Industry Position: 537% above the Capital Markets median (#44 of 794)
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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