NIBE Industrier AB (publ)

DB:NJB Stock Report

Market Cap: €7.8b

NIBE Industrier Valuation

Is NJB 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 NJB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€4.76
Fair Value
17.8% undervalued intrinsic discount
14
Number of Analysts

Below Fair Value: NJB (€3.91) is trading below our estimate of fair value (€4.76)

Significantly Below Fair Value: NJB 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 NJB?

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

The above table shows the Price to Earnings ratio for NJB. This is calculated by dividing NJB's market cap by their current earnings.
What is NJB's PE Ratio?
PE Ratio114.2x
EarningsSEK 776.00m
Market CapSEK 88.65b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NJB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.4x
VIB3 Villeroy & Boch
14.2x43.5%€400.5m
ST5 STEICO
10.2x-7.0%€283.1m
WUG Westag
24.3xn/a€117.6m
G1A GEA Group
21x9.0%€8.5b
NJB NIBE Industrier
114.2x55.1%€88.6b

Price-To-Earnings vs Peers: NJB is expensive based on its Price-To-Earnings Ratio (114.2x) compared to the peer average (17.4x).

Price to Earnings Ratio vs Industry

How does NJB's PE Ratio compare vs other companies in the European Building Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NJB 114.2xIndustry Avg. 20.8xNo. of Companies10PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NJB is expensive based on its Price-To-Earnings Ratio (114.2x) compared to the European Building industry average (21.4x).

Price to Earnings Ratio vs Fair Ratio

What is NJB'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.

NJB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio114.2x
Fair PE Ratio51.5x

Price-To-Earnings vs Fair Ratio: NJB is expensive based on its Price-To-Earnings Ratio (114.2x) compared to the estimated Fair Price-To-Earnings Ratio (51.5x).

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 NJB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.91
€4.59
+17.5%
42.7%€10.54€2.11n/a14
Feb ’26€3.98
€4.81
+21.0%
41.8%€10.47€2.09n/a14
Jan ’26€3.64
€4.98
+36.8%
41.7%€10.38€2.08n/a13
Dec ’25€4.00
€4.98
+24.5%
41.7%€10.38€2.08n/a13
Nov ’25€4.45
€5.00
+12.4%
41.0%€10.42€2.26n/a13
Oct ’25€4.97
€5.13
+3.1%
40.4%€10.49€2.54n/a13
Sep ’25€4.45
€5.15
+15.7%
40.8%€10.60€2.56n/a13
Aug ’25€4.01
€5.03
+25.4%
40.3%€10.30€2.49n/a13
Jul ’25€4.04
€5.34
+32.1%
36.9%€10.66€3.02n/a14
Jun ’25€4.60
€5.37
+16.7%
35.7%€10.41€3.30n/a14
May ’25€4.35
€5.35
+23.0%
34.8%€10.24€3.24n/a14
Apr ’25€4.36
€5.87
+34.5%
31.6%€10.39€3.29n/a13
Mar ’25€5.04
€6.66
+32.2%
24.4%€10.76€4.57n/a12
Feb ’25€5.45
€6.72
+23.4%
23.3%€10.55€4.66€3.9811
Jan ’25€6.50
€7.39
+13.6%
25.3%€10.44€4.35€3.6410
Dec ’24€5.40
€7.39
+36.8%
25.3%€10.44€4.35€4.0010
Nov ’24€5.32
€7.91
+48.6%
23.5%€10.33€4.74€4.4510
Oct ’24€6.02
€8.26
+37.4%
25.0%€11.35€4.73€4.9710
Sep ’24€6.90
€9.09
+31.8%
25.7%€12.64€5.73€4.459
Aug ’24€8.10
€10.57
+30.5%
21.4%€14.75€7.38€4.019
Jul ’24€8.70
€10.95
+25.8%
16.2%€14.65€8.02€4.049
Jun ’24€9.04
€10.78
+19.2%
14.8%€13.72€7.98€4.609
May ’24€10.00
€10.92
+9.2%
14.5%€13.08€7.78€4.359
Apr ’24€10.36
€10.76
+3.9%
16.5%€12.92€6.64€4.369
Mar ’24€9.73
€10.87
+11.7%
17.3%€13.21€6.78€5.048
Feb ’24€9.71
€9.90
+1.9%
19.3%€12.97€6.26€5.458
Analyst Price Target
Consensus Narrative from 14 Analysts
€4.65
Fair Value
15.9% undervalued intrinsic discount
14
Number of Analysts

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 Analysis2025/02/07 15:40
End of Day Share Price 2025/02/07 00:00
Earnings2024/09/30
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.

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 24 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
Emmi ÖstlundABG Sundal Collier
null nullABG Sundal Collier
James WinchesterBarclays