EQT AB (publ)

BATS-CHIXE:EQTS Stock Report

Market Cap: SEK 376.2b

EQT Valuation

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

SEK 322.39
Fair Value
2.4% overvalued intrinsic discount
13
Number of Analysts

Below Fair Value: EQTS (SEK330.1) is trading above our estimate of fair value (SEK322.39)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for EQTS. This is calculated by dividing EQTS's market cap by their current earnings.
What is EQTS's PE Ratio?
PE Ratio40.9x
Earnings€840.30m
Market Cap€34.34b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EQTS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.5x
III 3i Group
4.7x4.65%UK£29.6b
ICG ICG
9.8x2.32%UK£5.8b
SDR Schroders
16.8x17.31%UK£6.0b
BPT Bridgepoint Group
38.8x36.00%UK£2.2b
EQTS EQT
40.9x25.60%SEK 376.2b

Price-To-Earnings vs Peers: EQTS is expensive based on its Price-To-Earnings Ratio (40.9x) compared to the peer average (17.7x).

Price to Earnings Ratio vs Industry

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

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CGEO Georgia Capital
1.9xn/aUS$1.18b
BPM B.P. Marsh & Partners
2.3xn/aUS$320.86m
SIHL Symphony International Holdings
2.8xn/aUS$200.21m
TAVI Tavistock Investments
2.7xn/aUS$24.51m
No. of Companies14PE01224364860+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EQTS is expensive based on its Price-To-Earnings Ratio (40.9x) compared to the UK Capital Markets industry average (13x).

Price to Earnings Ratio vs Fair Ratio

What is EQTS'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.

EQTS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate EQTS's Price-To-Earnings Fair Ratio for valuation analysis.

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 EQTS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 330.10
SEK 372.55
+12.86%
6.90%SEK 411.97SEK 324.13n/a13
Nov ’26SEK 327.25
SEK 370.56
+13.24%
6.98%SEK 409.13SEK 321.90n/a13
Oct ’26SEK 327.15
SEK 367.02
+12.19%
7.05%SEK 400.76SEK 312.79n/a12
Sep ’26SEK 342.25
SEK 367.61
+7.41%
6.56%SEK 407.30SEK 317.89n/a13
Aug ’26SEK 318.80
SEK 367.11
+15.15%
6.55%SEK 407.07SEK 317.71n/a13
Jul ’26SEK 319.35
SEK 327.48
+2.55%
12.95%SEK 392.94SEK 251.66n/a13
Jun ’26SEK 277.60
SEK 302.26
+8.89%
15.54%SEK 382.22SEK 224.94n/a13
May ’26SEK 274.40
SEK 305.39
+11.30%
15.56%SEK 386.57SEK 227.50n/a13
Apr ’26SEK 313.40
SEK 372.28
+18.79%
12.83%SEK 460.38SEK 282.59n/a13
Mar ’26n/a
SEK 380.83
0%
11.86%SEK 448.98SEK 292.79n/a13
Feb ’26SEK 349.80
SEK 381.47
+9.05%
12.00%SEK 460.49SEK 300.29n/a13
Jan ’26n/a
SEK 355.18
0%
10.34%SEK 429.90SEK 285.03n/a13
Dec ’25SEK 317.25
SEK 357.57
+12.71%
10.11%SEK 433.85SEK 287.65SEK 330.1013
Nov ’25SEK 311.60
SEK 359.21
+15.28%
11.10%SEK 432.98SEK 287.07SEK 327.2513
Oct ’25SEK 343.55
SEK 351.94
+2.44%
10.32%SEK 440.20SEK 298.79SEK 327.1513
Sep ’25SEK 343.30
SEK 354.56
+3.28%
9.62%SEK 448.70SEK 321.89SEK 342.2513
Aug ’25SEK 340.00
SEK 365.73
+7.57%
9.93%SEK 464.59SEK 333.29SEK 318.8011
Jul ’25SEK 308.10
SEK 349.72
+13.51%
4.22%SEK 380.42SEK 326.70SEK 319.3511
Jun ’25SEK 329.75
SEK 349.99
+6.14%
6.46%SEK 384.67SEK 305.66SEK 277.6010
May ’25SEK 300.90
SEK 350.93
+16.63%
9.11%SEK 398.32SEK 296.88SEK 274.4010
Apr ’25SEK 352.50
SEK 333.54
-5.38%
9.76%SEK 410.30SEK 287.31SEK 313.4011
Mar ’25n/a
SEK 297.21
0%
11.34%SEK 361.01SEK 235.70n/a12
Feb ’25n/a
SEK 292.06
0%
11.69%SEK 356.77SEK 237.45SEK 349.8012
Jan ’25n/a
SEK 266.11
0%
10.86%SEK 298.68SEK 193.26n/a12
Dec ’24SEK 248.30
SEK 264.41
+6.49%
13.35%SEK 302.88SEK 195.98SEK 317.2512
SEK 382.99
Fair Value
13.8% undervalued intrinsic discount
13
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 Analysis2025/12/03 03:10
End of Day Share Price 2025/11/28 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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

EQT 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.

AnalystInstitution
null nullABG Sundal Collier
Michael SandersonBarclays
Michael SandersonBarclays