Skandinaviska Enskilda Banken stock
SEB-A.STSTOSkandinaviska Enskilda Banken AB (publ), Financial ServicesISIN SE0000148884
73Score 73 out of 100, Strong
Price and trend
61 / 100
Price history
+19% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 10% above it.
Since July 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Overheated: the price has risen very quickly lately (RSI 90).
The price is 5.6% below its 52-week high. Largest decline in 20 years: 88% (April 2007 to March 2009).
Chart figures for advanced users
- SMA 50$22.33
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$20.25
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)90
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$17.09
- The lowest closing price of the last twelve months.
- Resistance$23.65
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Skandinaviska Enskilda Banken AB (publ) belongs to the Banks (Regional) industry (Sweden) and, with a market value of $43.39B, is number 34 of 420 companies in its industry on MEQIRI.
- In fiscal 2025 it earned $3.11B (down 13.4% year on year).
- For fiscal 2026, analysts expect on average adjusted earnings per share of $1.62 (up 5.5%).
Show more
- MEQIRI Score 73 out of 100 (Strong): rank 313 of 975 in Financial Services, median 68.
- The P/E is 14.2 (Banks (Regional) median 12.2, own median of recent years 10.1).
- Our model puts fair value at $26.44, with the price 16% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Reliable dividendNo dividend cut for 16 years.Capital allocation 75
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 86
- Share buybacksShare count down 8% since 2020.Capital allocation 75
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are fundamentals and valuation.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 72 to 73.
The fundamentals are strong overall.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk low
How well MEQIRI warnsOne of the 30% with the lowest crash risk among stocks ranked 101 to 1,000.
From 2016 to 2025, 9 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What drives the risk
- high growth grade (crashed more often in the backtest)
What lowers it
- solid fundamentals
Valuation
Valuation signal
Modestly undervaluedIn our model the price counts as cheap below $22.03 and expensive above $33.05 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $33.59 (excess return model) and $19.29 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 7.2%. At 8.2% the fair value would be $23.64, at 6.2% it would be $30.64.
Valuation metrics
Half from the excess return model, half from earnings times the industry P/E (12.2).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue fell 2.1% on the twelve months before. Revenue has stayed largely stable since 2006.
Margins
- Operating margin
- Net margin
In fiscal 2025: operating 51%, net 40%. Banks and insurers have no gross margin, and their net margin is not comparable with other industries. The score leaves both out.
Debt & balance sheet
latest quarterFor banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.
Earnings
- Next earnings
- 27 Jan 2027in 75 days
- Last reported
- 22 Oct 2026EPS reported $0.38 (expected $0.40)below expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $1.62−1.8%
- Revenue
- $7.77B−1.3%
- Earnings per share
- $1.87−1.6%
- Revenue
- $8.45B−0.6%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +5.6%2026 cost target adjusted to SEK 33.3 billion only for currency and levies of SEK 3.5 billion versus SEK 3.4 billion; no new income guidance.
“Full-year imposed levies are now expected to come in at SEK 3.5 billion, up slightly from the SEK 3.4 billion previously communicated. The tax rate of 19%, marginally below our communicated guidance, resulting in a net profit of SEK 8.7 billion and an EPS of SEK 4.4.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 15 Jul 2026 (fiscal Q2 2026), read by AI.
What happened at Skandinaviska Enskilda Banken
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
975 rated companies in Financial Services
- This company
- 73
- Sector median
- 68
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Banks (Regional)
The next larger and next smaller companies by market value
- SwedbankSWED-A.ST $47.4B77
- CTBC Financial Holding2891.TW $45.16B73
- Axis BankAXISBANK.NS $44.45B72
- Danske BankDANSKE.CO $44.33B76
- KB Financial GroupKB $41.77B70
- Japan Post Holdings6178.T $41.32B57
- Banca Monte dei Paschi di SienaBMPS.MI $38.21B70
- Bank of Jiangsu600919.SS $35.61B69
ETFs that hold Skandinaviska Enskilda Banken
Held by 99 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares OMX Stockholm Capped UCITS ETFOM3X | 3.78% | 0.10% | €198.93M |
| Xtrackers MSCI Nordic UCITS ETF 1DXDN0 | 2.06% | 0.30% | €1.19B |
| iShares STOXX Europe 600 Banks UCITS ETF (DE)EXV1 | 1.49% | 0.46% | €2.98B |
Show 5 more
| VanEck European Equal Weight Screened UCITS ETFV3ET | 1.08% | 0.40% | €93.5M |
| Fidelity Europe Quality Income UCITS ETF ACC-EURFEUQ | 1.00% | 0.30% | €75.09M |
| iShares MSCI Europe Financials Sector UCITS ETFESIF | 0.91% | 0.18% | €664.36M |
| State Street SPDR MSCI Europe Financials UCITS ETFSPYZ | 0.90% | 0.18% | €829.48M |
| iShares STOXX Europe Equity Multifactor UCITS ETFIBC0 | 0.59% | 0.25% | €659.31M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = SEK 9.9729)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 27 Oct 2026)
- Valuation signal Fairly valued since 10 Nov 2026, previously Undervalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.