NOBA Bank Group AB
NOBA Bank Group AB (publ) is a leading European specialist bank group headquartered in Stockholm, Sweden, founded in 2003. It operates through prominent brands including Nordax Bank, Bank Norwegian, Svensk Hypotekspension, and DBT, delivering tailored financial products such as private loans, credit cards, specialist mortgages, equity release mortgages, cross-border lending, and deposits to over two million retail and SME customers. The bank serves markets across Sweden, Norway, Finland, Denmark, Germany, Spain, Ireland, and the Netherlands, emphasizing financial inclusion, responsible lending, and digital customer experiences. With approximately 650-724 employees, NOBA focuses on consumer credit, savings, and non-standard mortgages, generating revenues around EUR 810 million in 2024. Previously known as Nordax Bank AB (publ), it rebranded in June 2023 and is owned by Nordic Capital Funds VIII & IX and Sampo. As a diversified player in the financial services sector, NOBA complements major banks by providing innovative, sustainable solutions that promote healthier finances for individuals and society.
€7.87
-€0.19 (-2.36%)
EOD Oct 22, 2026
32.01% net margin is above average for a financial institution, suggesting strong underwriting or fee income alongside controlled credit costs.
Revenue grew 14.1% YoY.
Financial stocks carry unique risks (credit cycles, regulatory changes, interest rate sensitivity) that aren't captured by standard quality metrics.
11.5x earnings. In line with financial-sector norms. The question is whether the current credit environment supports sustained earnings at this level.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 11.84B
▲ +14.1% YoY
Net Income (TTM)
kr 4.02B
▲ +64.0% YoY
Net Margin
33.95%
P/E
11.5x
Balance Sheet
Total Assets
kr 162.91B
Equity
kr 26.25B
Total Debt
kr 25.53B
Cash & Equiv.
kr 1.15B
Continue Research
Is NOBA Bank Group AB (NOBA.XSTO) overvalued?
At a P/E of 11.5, NOBA Bank Group AB (NOBA.XSTO)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, NOBA Bank Group AB scores 94/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.5%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is NOBA Bank Group AB a high-quality business?+
NOBA Bank Group AB scores 94 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does NOBA Bank Group AB (NOBA.XSTO) pay a dividend, and how much?+
Yes, NOBA Bank Group AB pays a regular dividend of about SEK 3.10 per share per year (typically in quarterly installments), a yield of roughly 3.5% at the current price. That is a payout ratio of about 38.6% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For NOBA.XSTO's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is NOBA Bank Group AB a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh NOBA.XSTO's valuation and scores 94/100 on quality (high-quality). It also yields about 3.5%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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