Norion Bank
Research Norion Bank (NORION) on Bullrun: valuation model: 7.8% undervalued, market cap SEK 11.86B, P/E 11.2. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNORION
- ExchangeST
- CountrySweden
- SectorFinancial Services
- IndustryBanks - Regional
- CurrencySEK
- Valuation signal7.8% undervalued
- Market capSEK 11.86B
- P/E11.2
- Financial periodQ2 2026
- RevenueSEK 988.00M
- Net incomeSEK 220.00M
- Gross margin100.0%
Valuation Snapshot
Bullrun's latest valuation model marks Norion Bank as 7.8% undervalued; latest market cap is SEK 11.86B; P/E is 11.2.
Peer valuation comparison
Latest P/E is 11.16x versus a Financial Services sector median of 13.84x (19.4% below).
Latest P/E is 11.16x versus a Sweden median of 18.57x (39.9% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | SEK 3.83B | SEK 1.44B | n/a | 100.6% | n/a | SEK 4.75B | SEK 2.95B | SEK 9.98B |
| FY2024 | SEK 3.68B | SEK 1.27B | -SEK 102.00M | 100.5% | 6.09 | SEK 4.16B | SEK 2.99B | SEK 9.05B |
| FY2023 | SEK 3.65B | SEK 1.29B | SEK 2.36B | 100.0% | 6.02 | SEK 3.20B | n/a | SEK 8.30B |
| FY2022 | SEK 3.21B | SEK 1.09B | n/a | 100.0% | n/a | SEK 3.05B | n/a | SEK 7.07B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | SEK 11.86B | 11.2 | n/a | 0 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0 SEK.
About Norion Bank
Norion Bank AB (publ) provides financial solutions for medium-sized corporates and real estate companies, merchants, and private individuals in Sweden, Germany, Norway, Denmark, Finland, and internationally. It operates through four segments: Corporate, Real estate, Consumer, Payments, and others segments. The company offers corporate loans comprising acquisition financing, bridge financing, revolving credits, and stock financing solutions;
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Frequently asked questions
Is Norion Bank overvalued or undervalued?
Bullrun's valuation model currently marks Norion Bank as 7.8% undervalued.
What is Norion Bank's market cap?
Norion Bank's market capitalization is SEK 11.86B.
What is Norion Bank's P/E ratio?
Norion Bank's price-to-earnings (P/E) ratio is 11.2.
What does Norion Bank do?
Norion Bank AB (publ) provides financial solutions for medium-sized corporates and real estate companies, merchants, and private individuals in Sweden, Germany, Norway, Denmark, Finland, and internationally. It operates through four segments: Corporate, Real estate, Consumer, Payments, and others segments.