Nordea Bank Abp

OTCPK:NBNK.F Stock Report

Market Cap: US$39.9b

Nordea Bank Abp Valuation

Is NBNK.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NBNK.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NBNK.F ($11.58) is trading below our estimate of fair value ($13.78)

Significantly Below Fair Value: NBNK.F is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NBNK.F?

Key metric: As NBNK.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NBNK.F. This is calculated by dividing NBNK.F's market cap by their current earnings.
What is NBNK.F's PE Ratio?
PE Ratio7.6x
Earnings€5.01b
Market Cap€37.87b

Price to Earnings Ratio vs Peers

How does NBNK.F's PE Ratio compare to its peers?

The above table shows the PE ratio for NBNK.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.8x
FITB Fifth Third Bancorp
15.2x8.1%US$31.5b
USB U.S. Bancorp
15.5x11.6%US$77.8b
PNC PNC Financial Services Group
17.3x12.9%US$82.4b
BAP Credicorp
11.2x11.9%US$15.3b
NBNK.F Nordea Bank Abp
7.6x-4.2%US$37.9b

Price-To-Earnings vs Peers: NBNK.F is good value based on its Price-To-Earnings Ratio (7.6x) compared to the peer average (14.8x).

Price to Earnings Ratio vs Industry

How does NBNK.F's PE Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
NBNK.F 7.6xIndustry Avg. 12.8xNo. of Companies79PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NBNK.F is good value based on its Price-To-Earnings Ratio (7.6x) compared to the US Banks industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

What is NBNK.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NBNK.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NBNK.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NBNK.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$13.76
0%
10.0%US$16.20US$11.98n/a5
Nov ’25US$11.90
US$13.80
+15.9%
9.9%US$16.24US$12.02n/a5
Oct ’25US$11.55
US$14.37
+24.4%
11.7%US$16.71US$12.29n/a6
Sep ’25n/a
US$13.74
0%
10.6%US$16.38US$12.04n/a5
Aug ’25US$11.49
US$13.74
+19.5%
10.6%US$16.38US$12.04n/a5
Jul ’25US$12.40
US$14.00
+12.9%
10.9%US$16.21US$11.60n/a5
Jun ’25n/a
US$14.19
0%
10.7%US$16.38US$11.72n/a5
May ’25US$11.81
US$13.59
+15.1%
8.3%US$14.68US$11.51n/a5
Apr ’25US$11.14
US$13.29
+19.3%
8.3%US$14.70US$11.67n/a4
Mar ’25US$12.22
US$13.71
+12.2%
9.5%US$15.80US$11.69n/a6
Feb ’25US$12.43
US$13.69
+10.2%
10.5%US$15.87US$11.41n/a6
Jan ’25US$12.35
US$13.54
+9.7%
10.8%US$15.57US$11.20n/a6
Dec ’24US$11.10
US$13.54
+22.0%
10.8%US$15.57US$11.20n/a6
Nov ’24US$10.55
US$13.54
+28.4%
10.8%US$15.57US$11.20US$11.906
Oct ’24US$10.69
US$13.51
+26.4%
10.0%US$15.28US$11.22US$11.555
Sep ’24US$10.83
US$13.32
+23.0%
15.2%US$15.92US$9.32n/a7
Aug ’24US$11.54
US$13.32
+15.4%
15.2%US$15.92US$9.32US$11.497
Jul ’24n/a
US$12.73
0%
14.8%US$14.96US$8.95US$12.407
Jun ’24n/a
US$12.73
0%
14.8%US$14.96US$8.95n/a7
May ’24US$11.10
US$13.17
+18.7%
15.3%US$15.43US$9.22US$11.817
Apr ’24n/a
US$12.72
0%
15.0%US$15.08US$9.02US$11.147
Mar ’24US$12.80
US$12.29
-4.0%
14.3%US$14.42US$8.87US$12.227
Feb ’24n/a
US$11.84
0%
12.6%US$14.07US$9.06US$12.437
Jan ’24US$10.59
US$11.14
+5.3%
10.7%US$12.71US$8.72US$12.357
Dec ’23US$10.39
US$11.14
+7.2%
10.7%US$12.71US$8.72US$11.107
Nov ’23US$9.72
US$10.28
+5.9%
12.2%US$12.35US$8.27US$10.557

Analyst Forecast: Target price is less than 20% higher than the current share price.

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