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Nordnet AB (publ) vs Swissquote Group Holding: Which Stock Looks Stronger in 2026?

Nordnet AB (publ) holds the cleaner structural position, with the lead spread across growth and profitability. Swissquote still has the edge on valuation, which keeps the comparison from looking entirely one-sided. On the market side, Nordnet AB (publ) is in better shape — its trend is intact while Swissquote's trend has broken down. That puts structure and market broadly in agreement — Nordnet AB (publ)'s lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-08-16

This is not just a one-metric split: both growth and profitability materially support the lead. Nordnet AB (publ) leads by 34 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Capital Markets

This comparison is based on industry proximity, not on functional trajectory similarity. SAVE.ST and SQN.SW share the same industry classification.

For a similarity-based comparison, see how Nordnet AB (publ) and Swissquote each position within their functional peer groups in AssetNext.

Peer-Relative Score
SAVE.ST
Nordnet AB (publ)
69
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600
vs
SQN.SW
Swissquote Group Holding SA
35
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: SAVE.ST vs SQN.SW Profitability 95 35 Stability 46 7 Valuation 44 70 Growth 90 10 SAVE.ST SQN.SW
Gap Ranking
#1 Growth +80
#2 Profitability +60
#3 Stability +39
#4 Valuation +26
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for SAVE.ST and SQN.SW Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer SAVE.STSQN.SW Relative valuation Structural strength

Nordnet AB (publ) is stronger, but the price setup still looks more supportive for Swissquote Group Holding SA.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where SAVE.ST and SQN.SW each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY SAVE.ST Elevated · above norm 0th 50th 100th 26 pct gap SQN.SW Elevated · below norm 0th 50th 100th 98th 72nd
Today SQN.SW sits in the upper-middle of its own 5-year history (72nd percentile), while SAVE.ST sits higher in its own history (98th). Within each stock's own 5-year context, SQN.SW is at a historically more favourable entry position than SAVE.ST. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
On growth, Nordnet AB (publ) ranks near the top of the group; Swissquote Group Holding SA sits in the weaker half.
Profitability
On profitability, the gap still runs the same way: Nordnet AB (publ) sits near the top of the group, while Swissquote Group Holding SA remains in the weaker half.
Growth — Dominant Gap
SAVE.ST
90
SQN.SW
10
Gap+80in favour of SAVE.ST

Revenue growth reinforces the category-level growth lead.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Swissquote, with a forward P/E that is 19 turns lower there.

What this means for the comparison

The lead is built on both growth and profitability — though valuation still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the SAVE.ST vs SQN.SW comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how SAVE.ST and SQN.SW each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.