Svenska Handelsbanken AB Class A SHB A

Stock XSTO Rating as of Nov 12, 2026

SEK 164.45 +1.50 (0.92%)

As of Nov 12, 2026, 4:29:59 PM Delayed Price Closed

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.

Read Analysis

Price vs Fair Value

View History

SHB A is trading at a LOCK|^tgY%P premium.

Price

SEK 164.45

Nov 12, 2026

Fair Value

LOCK|gz

Oct 26, 2026

Uncertainty

%zN

1-Star Price: LOCK|#^
5-Star Price: LOCK|P.?#
Economic Moat: LOCK|#rBL
Capital Allocation: LOCK|kBQ@<&

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 162.95
Day Range: SEK 163.40–164.75
52-Week Range: SEK 116.80–165.30
Bid/Ask: SEK 164.55 / SEK 164.60
Shares Outstanding: 1.98B
Market Cap: SEK 325.62B
Volume/Avg: 3M / 4M

Key Statistics

Price/Earnings (Normalized): 13.97
Price/Sales: 5.77
Dividend Yield (Trailing): 4.86%
Dividend Yield (Forward): 4.86%
Dividend Payment Schedule: Apr
Total Yield: 4.86%

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)	13.97	13.72	14.93
Price/Book Value	1.73	1.84	2.19
Price/Sales	5.77	5.80	6.72
Price/Cash Flow	11.81	6.65	15.41

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%	1.00%
Return on Equity (Normalized)	12.56%	14.04%	15.08%
Return on Invested Capital (Normalized)	—	—	—

Return on Assets