ATLASATLAS fair value
SEK 209.33
Below fair value · 16% discount
Range: SEK 188–SEK 230Fair valuePrice
Nordea Bank (NDA-SE.ST)
Nordea Bank stock price today, ATLAS forecast and fair value
Financial Services · Banks - Regional · Nasdaq Stockholm · Sweden
SEK 175.00▼ -0.82%
Prices as of Oct 30, 2026 · SEK
Chance of rising in 1 month
53%
that it ends higher than today in 21 sessions
0%coin flip 50%100%
This is just the summary. See everything on Nordea Bank in ATLAS
ATLAS's own quantitative analysis, all in one place.
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
- Officers and shareholdersWho runs the company and which funds hold its shares.
- Customer and supplier mapWho it does business with, from its own filings.
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See everything included
- Valuation and financialsFair value step by step, quarterly accounts and upcoming events.
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On Nordea Bank
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
- Officers and shareholdersWho runs the company and which funds hold its shares.
- Customer and supplier mapWho it does business with, from its own filings.
- Valuation and financialsFair value step by step, quarterly accounts and upcoming events.
- NewsThe latest on the company, in one place.
And for you
- ATLAS builds your portfolioAnswer a short test and get portfolios that fit you.
- AlertsWe let you know when something changes in your stocks.
- Crisis simulatorHow your portfolio would do in a crash like 2008.
- Practice risk-free$10,000 in virtual money to invest at real prices.
- Global screenerSearch US stocks and stocks from 47 countries with filters.
Plans from €3.99 a month.
ATLAS estimates Nordea Bank's fair value at about SEK 209.33 per share (reasonable range: SEK 188.40 to SEK 230.27). At SEK 175.00, the stock trades 16% below it.
It is calculated with valuation multiples of comparable companies. Confidence in the estimate is medium. It is an estimate, not a promise: if the company's results change, so does its fair value.
ATLAS's model gives Nordea Bank a 53% chance of finishing higher a month from now (21 trading sessions) than today: close to a coin flip.
In half of the simulated outcomes the price ends between SEK 169.11 and SEK 182.48; in 9 out of 10, between SEK 158.08 and SEK 195.21. Estimated annual volatility is 23%.
Price, last 12 months (weekly close)
Key numbers
- Market cap
- SEK 594B
- Market cap (USD)
- $60.5B
- P/E ratio
- 11.6
- Dividend yield
- 0.74%
- 52-week high
- SEK 205.00
- 52-week low
- SEK 153.85
- Revenue (12 months)
- €11.6B
- Operating margin
- 53.3%
- Net margin
- 40.3%
- Beta
- 0.68
How Nordea Bank compares
Against the Financial Services sector
At a P/E ratio of 11.6, Nordea Bank is valued in line with the sector median of 12.0.
| Measure | Nordea Bank | Sector median |
|---|---|---|
| P/E ratio | 11.6 | 12.0 |
| Net margin | 40.3% | 40.5% |
| Price vs fair value (+ above, − below) | -16% | +3% |
Median of the 37 Financial Services companies ATLAS covers (Sweden). Nordea Bank ranks #3 of 37 by market value among them.
Nordea Bank stock performance over the past year
Nordea Bank shares rose 7.8% between the Oct 31, 2025 close (SEK 162.30) and the Oct 30, 2026 close (SEK 175.00). Weekly closes over the period ranged from SEK 155.85 to SEK 201.60. Past performance does not predict future results.
Nordea Bank compared with peers
Key numbers for NDA-SE.ST next to comparable companies in the same line of business.
| Company | Market cap | P/E | Net margin | Price vs fair value |
|---|---|---|---|---|
| Nordea Bank (NDA-SE.ST) | $60.5B | 11.6 | 40.3% | -16% |
| Swedbank AB (publ) (SWED-A.ST) | $45.1B | 13.7 | 44.0% | +7% |
| Skandinaviska Enskilda Banken AB (publ) (SEB-C.ST) | – | 14.1 | 41.8% | +6% |
| Skandinaviska Enskilda Banken AB (publ) (SEB-A.ST) | $42.7B | 12.9 | 41.6% | +3% |
| Avanza Bank Holding AB (publ) (AZA.ST) | $6.0B | 19.2 | 53.6% | +51% |
Price vs fair value: + means the price is above the ATLAS fair value estimate, − below it. Market cap in US dollars.
What this means
These are two different questions: fair value looks at the business (what it is worth given what it earns) and the odds look at the price over the next month. Nordea Bank sits below fair value and its odds of rising over a month are close to a coin flip. An expensive stock can keep climbing and a cheap one can keep falling, which is why ATLAS shows the two readings separately.
Over the last 52 weeks NDA-SE.ST has traded between SEK 153.85 and SEK 205.00. Today it is 14.6% below that high and 14% above its low.
On the business: net margin is 40.3%; it trades at 11.6 times earnings.
Its beta is 0.68: it tends to move less than the market.
About the company
Nordea Bank Abp offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments.
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Comparable companies
Other companies in the same line of business:
Frequently asked questions
What is Nordea Bank (NDA-SE.ST) fair value?
About SEK 209.33 per share according to ATLAS (reasonable range: SEK 188.40 to SEK 230.27). With the stock at SEK 175.00, it is 16% below it.
What is the chance NDA-SE.ST goes up next month?
53%: close to a coin flip. In half of the simulated outcomes, NDA-SE.ST ends the month between SEK 169.11 and SEK 182.48.
How big is Nordea Bank and what is its P/E ratio?
Nordea Bank's market capitalization is SEK 594B. Its price-to-earnings (P/E) ratio is 11.6: you pay SEK 11.6 for each SEK 1.00 of yearly earnings.
Does Nordea Bank pay a dividend?
Yes. NDA-SE.ST's current dividend yield is 0.74% at today's price (SEK 175.00).
How has NDA-SE.ST stock performed over the past year?
Nordea Bank shares rose 7.8% between the Oct 31, 2025 close (SEK 162.30) and the Oct 30, 2026 close (SEK 175.00). Weekly closes over the period ranged from SEK 155.85 to SEK 201.60. Past performance does not predict future results.
Not investment advice. ATLAS estimates are produced by statistical models from public data; they can be wrong and past performance does not predict future results. Consider your own situation before investing. Disclaimer