NOBA Bank Group (NOBA) Stock Overview

Provides financial and banking products and services in Sweden, Norway, Finland, Denmark, Germany, Spain, Ireland, and the Netherlands. More details

NOBA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	5/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 41.3% below our estimate of its fair value

Earnings are forecast to grow 17.93% per year

Earnings grew by 99.7% over the past year

Risk Analysis

No risks detected for NOBA from our risk checks.

NOBA Community Fair Values

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NOBA Bank Group AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for NOBA Bank Group
Historical stock prices
Current Share Price	SEK 115.22
52 Week High	SEK 119.24
52 Week Low	SEK 83.11
Beta	0
1 Month Change	15.06%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	26.63%

Recent updates

Shareholder Returns

	NOBA	SE Banks	SE Market
7D	3.9%	0.01%	-0.6%
1Y	n/a	27.1%	3.0%

Return vs Industry: Insufficient data to determine how NOBA performed against the Swedish Banks industry.

Return vs Market: Insufficient data to determine how NOBA performed against the Swedish Market.

Price Volatility

Is NOBA's price volatile compared to industry and market?
NOBA volatility
NOBA Average Weekly Movement	5.4%
Banks Industry Average Movement	3.2%
Market Average Movement	5.6%
10% most volatile stocks in SE Market	11.4%
10% least volatile stocks in SE Market	2.9%

Stable Share Price: NOBA has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: Insufficient data to determine NOBA's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2003	681	Carl Lundblad	www.noba.bank

NOBA Bank Group AB (publ) provides financial and banking products and services in Sweden, Norway, Finland, Denmark, Germany, Spain, Ireland, and the Netherlands. The company operates through three brands namely, Nordax Bank, Bank Norwegian and Svensk Hypotekspension. The company’s services include private loans, credit cards, specialist mortgages, equity release mortgages, cross-border lending, and deposits for retail customers.

NOBA Bank Group AB (publ) Fundamentals Summary

How do NOBA Bank Group's earnings and revenue compare to its market cap?
NOBA fundamental statistics
Market cap	SEK 56.91b
Earnings (TTM)	SEK 3.23b
Revenue (TTM)	SEK 7.05b

17.8x

P/E Ratio

2.3x

P/B Ratio

Is NOBA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NOBA income statement (TTM)
Revenue	SEK 7.05b
Cost of Revenue	SEK 0
Gross Profit	SEK 7.05b
Other Expenses	SEK 3.81b
Earnings	SEK 3.23b

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	6.46
Gross Margin	100.00%
Net Profit Margin	45.86%
Debt/Equity Ratio	109.5%

How did NOBA perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/18 19:23
End of Day Share Price	2025/12/18 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NOBA Bank Group AB (publ) is covered by 8 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Bettina Thurner	BNP Paribas
Shrey Srivastava	Citigroup Inc
Hans Rettedal Christiansen	Danske Bank

NOBA Bank Group AB (publ)OM:NOBA Stock Report