NIBE Industrier (NIBE B) Stock Overview
Develops, manufactures, markets, and sells energy-efficient solutions for indoor climate comfort, and components and solutions for intelligent heating and control. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
NIBE B Community Fair Values
Create NarrativeSee what 61 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
SEK 40.77
FV
10.7% undervalued intrinsic discount10.00%
Revenue growth p.a.
101
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NIBE Industrier AB (publ) Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | SEK 36.39 |
| 52 Week High | SEK 47.42 |
| 52 Week Low | SEK 31.21 |
| Beta | 0.97 |
| 1 Month Change | -20.96% |
| 3 Month Change | 2.42% |
| 1 Year Change | -8.04% |
| 3 Year Change | -66.15% |
| 5 Year Change | -58.83% |
| Change since IPO | 12,838.67% |
Recent News & Updates
Narrative Update • May 21
NIBE B: Outperform Rating And Execution Delivery Will Support Future Upside
Narrative Update on NIBE Industrier Analysts have kept the NIBE Industrier fair value estimate steady at SEK 55.0, with updated assumptions on revenue growth, profit margins and future P/E, while referencing the recent resumption of coverage with an Outperform rating as support for their refreshed price target work. Analyst Commentary Bullish analysts point to the recent resumption of coverage with an Outperform rating as a signal of renewed confidence in NIBE Industrier’s ability to support the current SEK 55.0 fair value estimate through execution on its existing business plan.Narrative Update • May 07
NIBE B: Dividend Visibility And Execution Delivery Will Support Future Upside
Analysts are maintaining their SEK 55.0 price target for NIBE Industrier, reflecting a mix of views. Some highlight support for the stock with an upbeat rating, while others have turned more cautious, leading to only slight adjustments in underlying growth, margin and P/E assumptions.Narrative Update • Apr 21
NIBE B: Dividend And Execution Confidence Will Drive Future Upside
Analysts have maintained their price target for NIBE Industrier at SEK55.0. This reflects a balance between the recent resumption of coverage with an Outperform rating and a downgrade from another firm, and incorporates slightly updated assumptions on growth, margins, discount rate and future P/E. Analyst Commentary Recent Street research on NIBE Industrier shows a split view, with one firm resuming coverage with an Outperform rating and another downgrade highlighting caution.Recent updates
Narrative Update • May 21
NIBE B: Outperform Rating And Execution Delivery Will Support Future Upside
Narrative Update on NIBE Industrier Analysts have kept the NIBE Industrier fair value estimate steady at SEK 55.0, with updated assumptions on revenue growth, profit margins and future P/E, while referencing the recent resumption of coverage with an Outperform rating as support for their refreshed price target work. Analyst Commentary Bullish analysts point to the recent resumption of coverage with an Outperform rating as a signal of renewed confidence in NIBE Industrier’s ability to support the current SEK 55.0 fair value estimate through execution on its existing business plan.Narrative Update • May 07
NIBE B: Dividend Visibility And Execution Delivery Will Support Future Upside
Analysts are maintaining their SEK 55.0 price target for NIBE Industrier, reflecting a mix of views. Some highlight support for the stock with an upbeat rating, while others have turned more cautious, leading to only slight adjustments in underlying growth, margin and P/E assumptions.Narrative Update • Apr 21
NIBE B: Dividend And Execution Confidence Will Drive Future Upside
Analysts have maintained their price target for NIBE Industrier at SEK55.0. This reflects a balance between the recent resumption of coverage with an Outperform rating and a downgrade from another firm, and incorporates slightly updated assumptions on growth, margins, discount rate and future P/E. Analyst Commentary Recent Street research on NIBE Industrier shows a split view, with one firm resuming coverage with an Outperform rating and another downgrade highlighting caution.Narrative Update • Apr 07
NIBE B: Earnings Quality And Cost Control Will Drive Future Upside
Narrative Update on NIBE Industrier Analysts have reduced their price target for NIBE Industrier from SEK 67.00 to SEK 55.00, citing updated assumptions for growth, profitability and valuation multiples. This change is accompanied by a more cautious stance reflected in recent Street research downgrades.
Narrative Update • Mar 23
NIBE B: Future Upside Will Stem From Resilient Margins Despite Downgrade
NIBE Industrier's analyst price target has been adjusted slightly higher to SEK44.25 from SEK44.30. Analysts cited more cautious views, including a recent downgrade, while fine tuning fair value assumptions, discount rates, revenue growth expectations, profit margins and future P/E estimates.Narrative Update • Mar 09
NIBE B: Future Upside Will Stem From Resilient Margins Despite Recent Downgrade
Analysts have trimmed their price target on NIBE Industrier slightly to SEK44.30 from SEK44.63, reflecting updated assumptions around revenue growth, profit margins and future P/E after recent Street research turned more cautious on the shares. Analyst Commentary Recent research has tilted more cautious, with some bearish analysts reassessing NIBE Industrier’s risk and reward profile.
Narrative Update • Feb 23
NIBE B: Index Exit And Downgrade Will Expose Fragile Earnings Assumptions
The latest analyst price target for NIBE Industrier has moved to SEK31.30. This change reflects more cautious revenue growth assumptions, a slightly lower discount rate and relatively stable profit margin and P/E expectations, as some analysts have turned more negative on the shares.Narrative Update • Feb 08
NIBE B: Index Removal Will Likely Highlight Fragile Earnings Assumptions
Analysts have nudged their price target for NIBE Industrier slightly higher to €31.30. This reflects modest tweaks to their models around discount rate, revenue growth assumptions and profit margins, while the forward P/E view remains broadly unchanged.Narrative Update • Jan 25
NIBE B: Index Removal Will Likely Expose Overstretched Earnings Multiple
Analysts have lifted their fair value estimate for NIBE Industrier from €24.49 to €31.30, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E as the key drivers of this change. What's in the News NIBE Industrier AB has been removed from the OMX Nordic 40 Index, which may affect how some index funds and benchmarked investors hold or trade the shares (Key Developments).Narrative Update • Jan 10
NIBE B: Future Upside Will Stem From Reassessed Risk And Earnings Multiple
Narrative update on NIBE Industrier Analysts have nudged their fair value estimate for NIBE Industrier slightly lower to SEK 44.63 from SEK 44.73, citing refreshed assumptions around discount rate, revenue growth, profit margin and future P/E, alongside a recent upgrade to Buy from Hold with a SEK 48 price target in wider Street research. Analyst Commentary Recent Street research, including the latest upgrade and SEK 48 price target, gives you a sense of how analysts are framing the risk and reward around NIBE Industrier at current levels.Narrative Update • Dec 17
NIBE B: Future Upside Will Stem From Margin Recovery And Order Intake Normalization
Analysts have nudged their fair value estimate for NIBE Industrier higher to approximately SEK 44.73 from about SEK 43.90. This reflects slightly stronger long term growth and margin assumptions, in line with recent Buy rated street targets around SEK 48.00.Narrative Update • Dec 03
NIBE B: Future Upside Will Stem From Stable Margins And Improved Visibility
Analysts have raised their price target on NIBE Industrier to SEK 48 from SEK 44, citing a slightly lower discount rate, marginally improved long term revenue growth assumptions, and stable profitability supporting a more favorable risk reward profile. Analyst Commentary Bullish analysts highlight that the upgraded price target reflects growing confidence in NIBE Industrier's ability to deliver steady, long term growth while maintaining resilient margins, supporting the case for a higher valuation multiple.Narrative Update • Nov 19
NIBE B: Momentum Will Strengthen on Higher Demand and Energy Efficiency Trends
The analyst price target for NIBE Industrier was reduced from SEK 45.19 to SEK 43.90, as analysts anticipate higher revenue growth but expect a lower profit margin and a higher discount rate in the future. Analyst Commentary Analyst perspectives on NIBE Industrier reflect a mix of optimism about future growth potential and caution regarding profitability and execution risks.Narrative Update • Nov 03
NIBE B: Margin Upgrades And Positive Outlook Signal Renewed Upside Potential
Analysts have slightly lowered their price target for NIBE Industrier from SEK 45.89 to SEK 45.19. This revision is due to updated views on growth prospects, even though there was a recent upgrade in the stock rating based on improved margin expectations and a positive outlook from research firms.Narrative Update • Aug 27
Investments In Automation And North American Expansion Will Support Future Operations
The upward revision in NIBE Industrier’s consensus price target reflects improved revenue growth expectations and a higher anticipated P/E multiple, lifting fair value from SEK44.39 to SEK45.89. Valuation Changes Summary of Valuation Changes for NIBE Industrier The Consensus Analyst Price Target has risen slightly from SEK44.39 to SEK45.89.New Narrative • Mar 20
NIBE Industrier Will Ride the Green Energy Subsidy Wave
✅ Heat Pump Market Growth – The global heat pump industry is growing at 10%+ CAGR, driven by electrification and decarbonization efforts.
New Narrative • Nov 20
Expanding Into North America And Sector Recovery Pave The Way For Profitability Growth
Positive 2025 outcomes are expected from NIBE's action program, with improved margins and profitability, aided by stabilized inventory levels.Shareholder Returns
| NIBE B | SE Building | SE Market | |
|---|---|---|---|
| 7D | -2.4% | -3.1% | -1.4% |
| 1Y | -8.0% | 3.3% | 11.5% |
Return vs Industry: NIBE B underperformed the Swedish Building industry which returned 5.8% over the past year.
Return vs Market: NIBE B underperformed the Swedish Market which returned 13.4% over the past year.
Price Volatility
| NIBE B volatility | |
|---|---|
| NIBE B Average Weekly Movement | 6.2% |
| Building Industry Average Movement | 5.3% |
| Market Average Movement | 6.2% |
| 10% most volatile stocks in SE Market | 13.8% |
| 10% least volatile stocks in SE Market | 3.7% |
Stable Share Price: NIBE B has not had significant price volatility in the past 3 months compared to the Swedish market.
Volatility Over Time: NIBE B's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1949 | 20,500 | Gerteric Lindquist | www.nibe.com |
NIBE Industrier AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells energy-efficient solutions for indoor climate comfort, and components and solutions for intelligent heating and control. It operates through NIBE Climate Solutions, NIBE Element, and NIBE Stoves business areas. The NIBE Climate Solutions business area offers indoor climate comfort products, such as heat pumps, water heaters, refrigeration systems, accumulator tanks, ventilation systems, climate control systems, and district heating products for homes, apartment blocks, and commercial properties.
NIBE Industrier AB (publ) Fundamentals Summary
| NIBE B fundamental statistics | |
|---|---|
| Market cap | SEK 73.36b |
| Earnings (TTM) | SEK 2.39b |
| Revenue (TTM) | SEK 40.82b |
30.7x
P/E Ratio1.8x
P/S RatioIs NIBE B overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NIBE B income statement (TTM) | |
|---|---|
| Revenue | SEK 40.82b |
| Cost of Revenue | SEK 27.84b |
| Gross Profit | SEK 12.97b |
| Other Expenses | SEK 10.58b |
| Earnings | SEK 2.39b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 21, 2026
| Earnings per share (EPS) | 1.19 |
| Gross Margin | 31.79% |
| Net Profit Margin | 5.86% |
| Debt/Equity Ratio | 72.0% |
How did NIBE B perform over the long term?
See historical performance and comparisonDividends
1.0%
Current Dividend Yield30%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/03 08:33 |
| End of Day Share Price | 2026/06/03 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
NIBE Industrier AB (publ) is covered by 22 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Winchester | Barclays |
| George Featherstone | Barclays |
| Rajesh Patki | Barclays |