SWDBF (Swedbank AB) Scaled Net Operating Assets: 0.31 (As of Mar. 2026)


SWDBF Swedbank AB SWDBF
69 GF Score
Price $36.80
GF Value $22.47
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Swedbank AB Scaled Net Operating Assets?

Swedbank AB SWDBF 69 Scaled Net Operating Assets is 0.31 as of Mar. 2026. GuruFocus rates SWDBF with a GF Score™ of 69/100 and a GF Value™ of $22.47 (Significantly Overvalued). The stock has 10 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Swedbank AB's operating assets for the quarter that ended in Mar. 2026 was $312,166 Mil. Swedbank AB's operating liabilities for the quarter that ended in Mar. 2026 was $210,989 Mil. Swedbank AB's Total Assets for the quarter that ended in Dec. 2025 was $329,562 Mil. Therefore, Swedbank AB's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.31.

SWDBF
69GF Score
Swedbank AB SWDBF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Swedbank AB Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Swedbank AB's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(301194.814-206950.557)/273982.431
=0.34

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=329561.737 - 28366.923
=301194.814

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=305262.28 - 98311.723 - 0
=206950.557

Swedbank AB's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(312165.565-210988.602)/329561.737
=0.31

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=342126.175 - 29960.61
=312165.565

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=320755.699 - 109767.097 - 0
=210988.602

* 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.

What does a Scaled Net Operating Assets of 0.31 mean?
Swedbank AB (SWDBF) has a Scaled Net Operating Assets of 0.31 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Swedbank AB and its competitors.
Is Swedbank AB's Scaled Net Operating Assets too high?
Swedbank AB's current Scaled Net Operating Assets is 0.31. Overall, Swedbank AB has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Swedbank AB's Scaled Net Operating Assets compare to PNC?
Swedbank AB's Scaled Net Operating Assets of 0.31 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Banks company?
A good Scaled Net Operating Assets depends on the Banks industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Swedbank AB and its competitors. Swedbank AB's current Scaled Net Operating Assets is 0.31. 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 $22.47, compared to a current price of $36.80 — trading 63.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.31. Swedbank AB's overall GF Score™ is 69/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Swedbank AB (SWDBF), the current Scaled Net Operating Assets is 0.31 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 $36.80 is trading 63.8% above its estimated GF Value™ of $22.47. GuruFocus considers Swedbank AB to be Significantly Overvalued.

Key valuation signals for SWDBF:

  • Scaled Net Operating Assets: 0.31
  • GF Value™: $22.47 vs. price of $36.80 (63.8% above fair value)
  • GF Score™: 69/100 with 10 warning signs

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 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.
69GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$36.80
Price
$22.47
GF Value