Svenska Handelsbanken AB Class A SHB A

Stock XSTO Rating as of Oct 27, 2026

SEK 155.35 +1.05 (0.68%)

As of Oct 28, 2026, 2:00:18 PM Delayed Price Open

Company Report

Handelsbanken Earnings: Volume Growth and Mutual Fund Inflows Deliver Good Quarter

Niklas Kammer Oct 26, 2026

Svenska Handelsbanken reported third-quarter operating profits of SEK 7.4 billion, up 10% sequentially. A strong performance in savings-related net fees and commissions supported good income generation in the quarter.

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Price vs Fair Value

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SHB A is trading at a LOCK|%c%KW? premium.

Price

SEK 154.30

Oct 27, 2026

Fair Value

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Oct 26, 2026

Uncertainty

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1-Star Price: F@#
5-Star Price: LOCK|F.%
Economic Moat: LOCK|BMtn
Capital Allocation: LOCK|XT%z@M

Bulls Say, Bears Say

Bulls

The majority of Handelsbanken's income is generated in the stable economy of Sweden.

Bears

High exposure to the Swedish real estate sector poses a downside risk to the bank's asset quality, profitability, and capital position in the case that the Swedish economy worsens rapidly.

Trading Information

Previous Close Price: SEK 154.30
Day Range: SEK 154.30–155.65
52-Week Range: SEK 116.80–157.90
Bid/Ask: SEK 155.30 / SEK 155.40
Shares Outstanding: 1.98B
Market Cap: SEK 307.70B
Volume/Avg: 1M / 4M

Key Statistics

Price/Earnings (Normalized): 13.11
Price/Sales: 5.42
Dividend Yield (Trailing): 5.18%
Dividend Yield (Forward): 5.18%
Dividend Payment Schedule: Apr
Total Yield: 5.18%

Company Profile

Handelsbanken is one of the largest Swedish banks with significant exposure to the Swedish mortgage market; about 44% of total loans are tied to the Swedish real estate market. Outside of Sweden, the bank operates primarily in the UK and the Netherlands. Handelsbanken generates about three-fourths of its income from its interest-spread-based business, including mortgages, household loans, and corporate loans to large and small enterprises.

Sector: Financial Services
Industry: Banks - Diversified
Stock Style Box: Large Value
Total Number of Employees: 11,726
Website: https://www.handelsbanken.com

Competitors

Valuation

Metric	SHB A	SEB A	SWED A
Price/Earnings (Normalized)	13.11	12.85	13.97
Price/Book Value	1.62	1.73	2.02
Price/Sales	5.42	5.43	6.20
Price/Cash Flow	11.08	6.22	14.20

Price/Earnings

SHB A

SEB A

SWED A

Financial Strength

Metric	SHB A	SEB A	SWED A
Quick Ratio	—	—	—
Current Ratio	—	—	—
Interest Coverage	—	—	—

Quick Ratio

No chart available

Profitability

Metric	SHB A	SEB A	SWED A
Return on Assets (Normalized)	0.63%	0.77%	0.99%
Return on Equity (Normalized)	12.56%	14.04%	14.90%
Return on Invested Capital (Normalized)	—	—	—

Return on Assets