EQT AB (publ)

OM:EQT Stock Report

Market Cap: SEK 357.5b

EQT Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: EQT (SEK302.6) is trading below our estimate of fair value (SEK317.9)

Significantly Below Fair Value: EQT is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EQT. This is calculated by dividing EQT's market cap by their current earnings.
What is EQT's PE Ratio?
PE Ratio103.3x
Earnings€301.20m
Market Cap€31.11b

Price to Earnings Ratio vs Peers

How does EQT's PE Ratio compare to its peers?

The above table shows the PE ratio for EQT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.8x
BURE Bure Equity
2.8xn/aSEK 27.9b
RATO B Ratos
10.5x23.9%SEK 10.1b
INVE A Investor
4.3x-55.0%SEK 891.0b
SAVE Nordnet
21.5x1.6%SEK 58.5b
EQT EQT
103.3x33.3%SEK 357.5b

Price-To-Earnings vs Peers: EQT is expensive based on its Price-To-Earnings Ratio (103.3x) compared to the peer average (9.8x).

Price to Earnings Ratio vs Industry

How does EQT's PE Ratio compare vs other companies in the European Capital Markets Industry?

17 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EQT 103.3xIndustry Avg. 13.0xNo. of Companies39PE01224364860+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EQT is expensive based on its Price-To-Earnings Ratio (103.3x) compared to the European Capital Markets industry average (13x).

Price to Earnings Ratio vs Fair Ratio

What is EQT'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.

EQT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio103.3x
Fair PE Ratio29.2x

Price-To-Earnings vs Fair Ratio: EQT is expensive based on its Price-To-Earnings Ratio (103.3x) compared to the estimated Fair Price-To-Earnings Ratio (29.2x).

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 EQT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 302.60
SEK 355.26
+17.4%
10.4%SEK 431.49SEK 285.03n/a13
Dec ’25SEK 330.50
SEK 357.64
+8.2%
10.2%SEK 435.46SEK 287.65n/a13
Nov ’25SEK 308.20
SEK 359.28
+16.6%
11.2%SEK 434.58SEK 287.07n/a13
Oct ’25SEK 344.70
SEK 351.94
+2.1%
10.3%SEK 440.20SEK 298.79n/a13
Sep ’25SEK 342.80
SEK 354.56
+3.4%
9.6%SEK 448.70SEK 321.89n/a13
Aug ’25SEK 339.40
SEK 365.73
+7.8%
9.9%SEK 464.59SEK 333.29n/a11
Jul ’25SEK 314.70
SEK 349.72
+11.1%
4.2%SEK 380.42SEK 326.70n/a11
Jun ’25SEK 318.00
SEK 349.99
+10.1%
6.5%SEK 384.67SEK 305.66n/a10
May ’25SEK 302.30
SEK 350.93
+16.1%
9.1%SEK 398.32SEK 296.88n/a10
Apr ’25SEK 338.60
SEK 333.54
-1.5%
9.8%SEK 410.30SEK 287.31n/a11
Mar ’25SEK 307.40
SEK 297.21
-3.3%
11.3%SEK 361.01SEK 235.70n/a12
Feb ’25SEK 278.70
SEK 292.06
+4.8%
11.7%SEK 356.77SEK 237.45n/a12
Jan ’25SEK 285.00
SEK 266.11
-6.6%
10.9%SEK 298.68SEK 193.26n/a12
Dec ’24SEK 250.50
SEK 264.41
+5.6%
13.4%SEK 302.88SEK 195.98SEK 330.5012
Nov ’24SEK 204.90
SEK 272.72
+33.1%
12.8%SEK 312.16SEK 201.99SEK 308.2013
Oct ’24SEK 216.90
SEK 272.11
+25.5%
12.9%SEK 330.90SEK 201.62SEK 344.7013
Sep ’24SEK 220.60
SEK 273.45
+24.0%
14.2%SEK 329.81SEK 206.13SEK 342.8014
Aug ’24SEK 242.00
SEK 268.31
+10.9%
14.5%SEK 321.35SEK 200.84SEK 339.4014
Jul ’24SEK 207.40
SEK 274.36
+32.3%
15.8%SEK 330.14SEK 202.97SEK 314.7013
Jun ’24SEK 202.30
SEK 275.92
+36.4%
16.2%SEK 329.54SEK 201.06SEK 318.0013
May ’24SEK 219.80
SEK 269.79
+22.7%
16.0%SEK 319.99SEK 195.23SEK 302.3013
Apr ’24SEK 210.60
SEK 280.34
+33.1%
17.9%SEK 366.69SEK 194.53SEK 338.6013
Mar ’24SEK 231.80
SEK 272.55
+17.6%
17.9%SEK 356.45SEK 189.09SEK 307.4013
Feb ’24SEK 231.10
SEK 278.52
+20.5%
18.3%SEK 365.95SEK 194.13SEK 278.7013
Jan ’24SEK 220.60
SEK 278.82
+26.4%
17.4%SEK 350.35SEK 189.95SEK 285.0013
Dec ’23SEK 244.80
SEK 277.55
+13.4%
16.1%SEK 341.12SEK 184.94SEK 250.5012

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 23:21
End of Day Share Price 2024/12/23 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

EQT AB (publ) is covered by 18 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.

AnalystInstitution
Michael SandersonBarclays
Michael SandersonBarclays
Arnaud Maurice GiblatBNP Paribas Exane