Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
NORION.STthis companyNorion Bank AB	SEK 68.40	9.68×	1.46×	2.53×	6.54×	0.7%	69.6%	33.5%	26.2%	15.2%	2.1%	9.0%	0.36×	-0.68×	1.1×	0.14×	0.0%	4	0.46	3	B+
NOBA.STNOBA Bank Group AB	SEK 96.00	17.27×	2.53×	3.88×	18.7×	40.8%	74.4%	30.4%	22.5%	14.6%	2.2%	13.3%	1.22×	5.92×	1.19×	54.04×	0.3%	3	0.54	3	B+
SEB-A.STSkandinaviska Enskilda Banken AB (publ)	SEK 218.40	12.51×	1.69×	2.55×	22.6×	510.7%	50.5%	25.5%	20.4%	13.5%	1.7%	8.2%	3.67×	13.19×	0.51×	0.17×	5.9%	7	0.29	2	B-
SHB-A.STSvenska Handelsbanken AB (publ)	SEK 163.20	11.21×	1.33×	1.85×	49.21×	2615.0%	39.5%	21.4%	16.5%	11.9%	0.7%	20.4%	8.78×	41.07×	0.35×	0.62×	11.2%	6	0.07	2	C+
SWED-A.STSwedbank AB (publ)	SEK 412.40	11.02×	1.6×	3.11×	23.17×	660.5%	59.9%	35.6%	28.3%	14.5%	2.0%	-12.9%	4.03×	14.86×	0.89×	0.19×	6.8%	5	0.19	2	B-
TFBANK.STAvarda Bank AB (publ)	SEK 231.50	16.51×	3.48×	2.85×	12.21×	101.2%	78.2%	23.0%	18.0%	22.0%	2.3%	7.2%	0.24×	0.75×	1.06×	8.83×	1.0%	4	0.62	4	A-
Peer median	—	12.51×	1.69×	2.85×	22.6×	510.7%	59.9%	25.5%	20.4%	14.5%	2.0%	8.2%	3.67×	13.19×	0.89×	0.62×	5.9%	5	0.29	2	—