Pandox AB (publ)

OM:PNDX B Stock Report

Market Cap: SEK 34.3b

Pandox Valuation

Is PNDX B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: PNDX B (SEK177) is trading above our estimate of future cash flow value (SEK40.67)

Significantly Below Future Cash Flow Value: PNDX B is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PNDX B?

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

The above table shows the Price to Earnings ratio for PNDX B. This is calculated by dividing PNDX B's market cap by their current earnings.
What is PNDX B's PE Ratio?
PE Ratio9.4x
EarningsSEK 3.67b
Market CapSEK 34.29b

Price to Earnings Ratio vs Peers

How does PNDX B's PE Ratio compare to its peers?

The above table shows the PE ratio for PNDX B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.1x
WALL B Wallenstam
10.6x-17.71%SEK 25.9b
HUFV A Hufvudstaden
22.7x11.43%SEK 23.8b
WIHL Wihlborgs Fastigheter
10.6x3.20%SEK 24.7b
CATE Catena
16.5x4.51%SEK 27.8b
PNDX B Pandox
9.4x-10.95%SEK 34.3b

Price-To-Earnings vs Peers: PNDX B is good value based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (14.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does PNDX B's PE Ratio compare vs other companies in the SE Real Estate Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HEIM PREF Heimstaden
1.3xn/aUS$425.87m
HALMEN Halmslätten Fastighets
1.2xn/aUS$35.58m
FASTAT Aktiebolaget Fastator
0.1xn/aUS$9.74m
MALAR Mälaråsen
0.01xn/aUS$493.03k
PNDX B 9.4xIndustry Avg. 11.6xNo. of Companies8PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PNDX B is good value based on its Price-To-Earnings Ratio (9.4x) compared to the Swedish Real Estate industry average (11.6x).

Price to Earnings Ratio vs Fair Ratio

What is PNDX B'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.

PNDX B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.4x
Fair PE Ratio12x

Price-To-Earnings vs Fair Ratio: PNDX B is good value based on its Price-To-Earnings Ratio (9.4x) compared to the estimated Fair Price-To-Earnings Ratio (12x).

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 PNDX B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 177.00
SEK 212.60
+20.11%
8.89%SEK 245.00SEK 195.00n/a5
Jun ’27SEK 173.60
SEK 216.60
+24.77%
7.45%SEK 245.00SEK 200.00n/a5
May ’27SEK 169.40
SEK 217.60
+28.45%
7.65%SEK 245.00SEK 200.00n/a5
Apr ’27SEK 183.40
SEK 234.00
+27.59%
3.71%SEK 245.00SEK 225.00n/a4
Mar ’27SEK 202.00
SEK 234.00
+15.84%
3.71%SEK 245.00SEK 225.00n/a4
Feb ’27SEK 192.00
SEK 231.25
+20.44%
4.92%SEK 245.00SEK 220.00n/a4
Oct ’26SEK 180.00
SEK 210.00
+16.67%
4.76%SEK 220.00SEK 200.00n/a2
Sep ’26SEK 170.20
SEK 210.00
+23.38%
4.76%SEK 220.00SEK 200.00n/a2
Aug ’26SEK 171.00
SEK 210.00
+22.81%
4.76%SEK 220.00SEK 200.00n/a2
Jul ’26SEK 169.00
SEK 206.67
+22.29%
4.56%SEK 220.00SEK 200.00SEK 173.803
Jun ’26SEK 160.80
SEK 206.67
+28.52%
4.56%SEK 220.00SEK 200.00SEK 173.603
May ’26SEK 161.20
SEK 206.67
+28.21%
4.56%SEK 220.00SEK 200.00SEK 169.403
Apr ’26SEK 173.20
SEK 223.33
+28.95%
2.79%SEK 230.00SEK 215.00SEK 183.403
Mar ’26SEK 200.00
SEK 223.33
+11.67%
2.79%SEK 230.00SEK 215.00SEK 202.003
Feb ’26SEK 202.50
SEK 221.67
+9.47%
2.81%SEK 230.00SEK 215.00SEK 192.003
Jan ’26SEK 191.80
SEK 225.00
+17.31%
3.14%SEK 230.00SEK 215.00SEK 203.003
Dec ’25SEK 192.40
SEK 222.50
+15.64%
3.37%SEK 230.00SEK 215.00SEK 189.802
Nov ’25SEK 185.80
SEK 217.50
+17.06%
1.15%SEK 220.00SEK 215.00SEK 189.402
Oct ’25SEK 209.00
SEK 215.00
+2.87%
2.33%SEK 220.00SEK 210.00SEK 180.002
Sep ’25SEK 197.00
SEK 212.50
+7.87%
3.53%SEK 220.00SEK 205.00SEK 170.202
Aug ’25SEK 200.00
SEK 212.50
+6.25%
3.53%SEK 220.00SEK 205.00SEK 171.002
Jul ’25SEK 189.00
SEK 187.50
-0.79%
6.67%SEK 200.00SEK 175.00SEK 169.002
SEK 212.6
Fair Value
16.7% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/07 17:40
End of Day Share Price 2026/07/07 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pandox AB (publ) is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
null nullABG Sundal Collier Sponsored
Erik GranströmCarnegie Investment Bank AB