NOBA Bank Group NOBA.ST
SwedenFinancial Services · Banks - DiversifiedNasdaq Estocolmo · SEK
114.00 SEK (+32.1%)
10 analysts
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NOBA Bank Group AB is a Nordic bank offering digital financial services, including accounts, loans, and investment products, to retail and corporate clients in the Nordic countries.
Listed on Nasdaq Estocolmo · Symbol NOBA.ST · STO: NOBA · Currency SEK
Key points
from its scores- ✓High-quality business9.8
- ✓Strong growth8.2
- ✕Poor share-price trend1.5
- ✕Unfavourable risk and backdrop4.7
- !Modest dividend5.2
AI analysis
bottom line, main risk, context and newsFundamentals are solid and valuation is attractive, but negative momentum and a lack of clear catalysts suggest waiting for a better entry point.
NOBA Bank Group shows solid financial health (ROE 15.53%, ROA 2.37%) and exceptional quality (net margin 49.05%), with robust revenue and earnings growth (21.3% and 25.9%). Its valuation is reasonable (P/E 11.36, forward P/E 8.49) and the dividend is conservative (payout 21.05%). The main drag is negative momentum (-4.55%), reflecting a recent decline in the share price.
The main risk is exposure to the Swedish regulatory and governance environment, which, while stable, is strict and could impose additional capital requirements that limit future profitability.
Context and risks
The main risk for NOBA Bank Group is exposure to Swedish governance and the regulatory environment, which presents a moderate risk. Although Sweden is a consolidated democracy with strong minority protection, the banking sector is subject to active supervision and capital requirements that may affect future profitability. This risk is reflected in a slight adjustment, consistent with the country's institutional quality.
Is NOBA Bank Group stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades in line with the Financial Services median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 11.4 | 13.7 | −17% |
| Price / book | 1.8 | 1.9 | −4% |
| Price / sales | 5.3 | 3.5 | +53% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.2 out of 10 (median for Financial Services: 5.2).
Average analyst target: 114.00 SEK, +32.1% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 11.4
- Forward P/E
- 8.5
- Price / book
- 1.8
- Price / sales
- 5.3
- PEG
- 0.33
- Market cap
- 43.2B SEK
- Enterprise value
- 72.9B SEK
Profitability
- ROE
- 15.5%
- ROA
- 2.4%
- ROIC (approx.)
- 9.8%
- Gross margin
- 0.0%
- Operating margin
- 66.1%
- Net margin
- 49.1%
Solvency
- Total debt
- 31.0B SEK
- Net debt
- 29.7B SEK
- Cash
- 1.2B SEK
Growth
- Revenue growth
- +21.3%
- Earnings growth
- +25.9%
- EPS (TTM)
- 7.60 SEK
Dividend
- Dividend yield
- 1.9%
- Payout
- 21.0%
Risk and market
- Analyst consensus
- Buy (10)
- Target price
- 114.00 SEK
- 52-week range
- 74.20 – 126.00
Recent news
All NOBA.ST news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about NOBA Bank Group
Is NOBA Bank Group stock cheap or expensive?
On P/E and Price / book, it trades in line with the Financial Services median (within 15%). Valuation score: 6.2 out of 10 (median for Financial Services: 5.2). Average analyst target: 114.00 SEK, +32.1% versus the price. This is not investment advice.
What score does NOBA Bank Group get on MeridIAn Screener?
It scores 6.2 out of 10, rank 826 of 2,130 (better than 60% of the companies analysed). Its strongest category is Quality / Moat (9.8) and its weakest, Momentum (1.5). Analysis of 08/10/2026.
What is NOBA Bank Group's P/E ratio?
Its P/E is 11.4: the share price equals 11.4 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 8.5.
How much is NOBA Bank Group worth on the stock market?
Its market capitalisation is 43.2B SEK.
Does NOBA Bank Group pay a dividend?
Yes: its dividend yield is 1.85% and it pays out 21% of its earnings.
How has NOBA Bank Group stock performed over the last year?
It has fallen 5.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 74.20 and 126.00 SEK. Past performance does not guarantee future results.
What do analysts think of NOBA Bank Group?
10 analysts cover it; their average recommendation is “Buy” and their average target is 114.00 SEK (+32.1% versus the price). It is an estimate, not market data.