NIBE Industrier Valuation

Is 0RH0 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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 0RH0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0RH0 (SEK46.5) is trading above our estimate of fair value (SEK44.3)

Significantly Below Fair Value: 0RH0 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0RH0?

Key metric: As 0RH0 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0RH0. This is calculated by dividing 0RH0's market cap by their current earnings.
What is 0RH0's PE Ratio?
PE Ratio	120.8x
Earnings	SEK 776.00m
Market Cap	SEK 93.75b

0RH0 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.8x
Enterprise Value/EBITDA	30.7x
PEG Ratio	2.1x

Price to Earnings Ratio vs Peers

How does 0RH0's PE Ratio compare to its peers?

The above table shows the PE ratio for 0RH0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	28.3x
FAN Volution Group	26.1x	12.1%	UK£1.1b
GEN Genuit Group	42.8x	29.9%	UK£1.0b
JHD James Halstead	18.7x	4.1%	UK£775.2m
NXR Norcros	25.5x	38.6%	UK£227.2m
0RH0 NIBE Industrier	120.8x	56.5%	SEK 93.7b

Price-To-Earnings vs Peers: 0RH0 is expensive based on its Price-To-Earnings Ratio (120.8x) compared to the peer average (28.3x).

Price to Earnings Ratio vs Industry

How does 0RH0's PE Ratio compare vs other companies in the European Building Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 0RH0 is expensive based on its Price-To-Earnings Ratio (120.8x) compared to the European Building industry average (19.9x).

Price to Earnings Ratio vs Fair Ratio

What is 0RH0'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.

0RH0 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	120.8x
Fair PE Ratio	62.5x

Price-To-Earnings vs Fair Ratio: 0RH0 is expensive based on its Price-To-Earnings Ratio (120.8x) compared to the estimated Fair Price-To-Earnings Ratio (62.5x).

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 0RH0 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	SEK 46.50	SEK 57.54 +23.7%	41.7%	SEK 120.00	SEK 24.00	n/a	13
Nov ’25	SEK 52.34	SEK 57.62 +10.1%	41.0%	SEK 120.00	SEK 26.00	n/a	13
Oct ’25	SEK 55.45	SEK 58.62 +5.7%	40.4%	SEK 120.00	SEK 29.00	n/a	13
Sep ’25	SEK 50.68	SEK 58.31 +15.0%	40.8%	SEK 120.00	SEK 29.00	n/a	13
Aug ’25	SEK 46.18	SEK 58.62 +26.9%	40.3%	SEK 120.00	SEK 29.00	n/a	13
Jul ’25	SEK 45.18	SEK 60.07 +33.0%	36.9%	SEK 120.00	SEK 34.00	n/a	14
Jun ’25	SEK 53.84	SEK 61.86 +14.9%	35.7%	SEK 120.00	SEK 38.00	n/a	14
May ’25	SEK 51.57	SEK 62.71 +21.6%	34.8%	SEK 120.00	SEK 38.00	n/a	14
Apr ’25	SEK 52.56	SEK 67.77 +28.9%	31.6%	SEK 120.00	SEK 38.00	n/a	13
Mar ’25	SEK 58.52	SEK 74.33 +27.0%	24.4%	SEK 120.00	SEK 51.00	n/a	12
Feb ’25	SEK 61.86	SEK 76.45 +23.6%	23.3%	SEK 120.00	SEK 53.00	n/a	11
Jan ’25	SEK 71.00	SEK 84.90 +19.6%	25.3%	SEK 120.00	SEK 50.00	n/a	10
Dec ’24	SEK 62.14	SEK 84.90 +36.6%	25.3%	SEK 120.00	SEK 50.00	SEK 46.31	10
Nov ’24	SEK 63.33	SEK 91.91 +45.1%	23.5%	SEK 120.00	SEK 55.00	SEK 52.34	10
Oct ’24	SEK 71.80	SEK 96.11 +33.9%	25.0%	SEK 132.00	SEK 55.00	SEK 55.45	10
Sep ’24	SEK 80.56	SEK 107.89 +33.9%	25.7%	SEK 150.00	SEK 68.00	SEK 50.68	9
Aug ’24	SEK 93.69	SEK 121.78 +30.0%	21.4%	SEK 170.00	SEK 85.00	SEK 46.18	9
Jul ’24	SEK 102.40	SEK 127.00 +24.0%	16.2%	SEK 170.00	SEK 93.00	SEK 45.18	9
Jun ’24	SEK 104.10	SEK 125.67 +20.7%	14.8%	SEK 160.00	SEK 93.00	SEK 53.84	9
May ’24	SEK 114.69	SEK 123.56 +7.7%	14.5%	SEK 148.00	SEK 88.00	SEK 51.57	9
Apr ’24	SEK 116.75	SEK 121.67 +4.2%	16.5%	SEK 146.00	SEK 75.00	SEK 52.56	9
Mar ’24	SEK 109.02	SEK 120.13 +10.2%	17.3%	SEK 146.00	SEK 75.00	SEK 58.52	8
Feb ’24	SEK 113.36	SEK 110.63 -2.4%	19.3%	SEK 145.00	SEK 70.00	SEK 61.86	8
Jan ’24	SEK 104.05	SEK 109.38 +5.1%	19.0%	SEK 142.00	SEK 70.00	SEK 71.00	8
Dec ’23	SEK 103.09	SEK 109.38 +6.1%	19.0%	SEK 142.00	SEK 70.00	SEK 62.14	8

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.