Swedbank AB (FRA:FRYA) Shiller PE Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FRA:FRYA Swedbank AB FRA:FRYA
61 GF Score
Price €35.77
GF Value €19.69
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Swedbank AB Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Swedbank AB  (FRA:FRYA) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Swedbank AB Shiller PE Ratio Related Terms


Swedbank AB Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Swedbank AB's Shiller PE 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.

Swedbank AB Shiller PE Ratio Chart

Swedbank AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.36 8.30 8.67 8.74 13.18

Swedbank AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.98 11.24 13.02 12.84 14.13

FRA:FRYA vs USB: Shiller PE Ratio Comparison

For the Banks - Regional subindustry, Swedbank AB's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Swedbank AB Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Swedbank AB's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Swedbank AB's Shiller PE Ratio falls into.


FRA:FRYA
61GF Score
Swedbank AB FRA:FRYA
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Swedbank AB Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Swedbank AB's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Swedbank AB's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.5847/134.6100*134.6100
=0.585

Current CPI (Jun. 2026) = 134.6100.

Swedbank AB Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.453 101.138 0.603
201612 0.380 102.022 0.502
201703 0.483 102.022 0.637
201706 0.438 102.752 0.574
201709 0.444 103.279 0.578
201712 0.432 103.793 0.560
201803 0.451 103.962 0.584
201806 0.520 104.875 0.667
201809 0.474 105.679 0.604
201812 0.397 105.912 0.504
201903 0.451 105.886 0.574
201906 0.448 106.742 0.565
201909 0.390 107.214 0.490
201912 0.371 107.766 0.463
202003 -0.141 106.563 -0.178
202006 0.404 107.498 0.506
202009 0.452 107.635 0.565
202012 0.391 108.296 0.486
202103 0.438 108.360 0.544
202106 0.488 108.928 0.603
202109 0.480 110.338 0.585
202112 0.424 112.486 0.508
202203 0.380 114.825 0.446
202206 0.382 118.384 0.434
202209 0.467 122.296 0.514
202212 0.551 126.365 0.587
202303 0.599 127.042 0.635
202306 0.706 129.407 0.734
202309 0.688 130.224 0.711
202312 0.645 131.912 0.658
202403 0.662 132.205 0.674
202406 0.662 132.716 0.671
202409 0.725 132.304 0.738
202412 0.652 132.987 0.659
202503 0.646 132.825 0.655
202506 0.638 133.699 0.642
202509 0.677 133.480 0.683
202512 0.660 133.380 0.666
202603 0.608 133.550 0.613
202606 0.585 134.610 0.585

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Swedbank AB (FRA:FRYA) Overvalued in 2026?

Based on GuruFocus' analysis, Swedbank AB stock appears to be overvalued. The current stock price of €35.77 is trading 81.7% above its estimated GF Value™ of €19.69. GuruFocus considers Swedbank AB to be Significantly Overvalued.

Key valuation signals for FRA:FRYA:

  • Shiller PE Ratio:
  • GF Value™: €19.69 vs. price of €35.77 (81.7% above fair value)
  • GF Score™: 61/100 with 10 warning signs

No single metric tells the full story. See the FRA:FRYA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Swedbank AB Business Description

Address Landsvagen 40, Sundbyberg, Stockholm, SWE, 17263
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.
61GF Score

Get the complete analysis for FRA:FRYA

Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€35.77
Price
€19.69
GF Value