Bergman & Beving Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Discounted Cash Flow

Simply Wall St

SEK 474.79

Fair Value

32.2% undervalued

Number of Analysts

Below Fair Value: BERG B (SEK322) is trading below our estimate of fair value (SEK474.79)

Significantly Below Fair Value: BERG B is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BERG B. This is calculated by dividing BERG B's market cap by their current earnings.
What is BERG B's PE Ratio?
PE Ratio	42.6x
Earnings	SEK 202.00m
Market Cap	SEK 8.61b

BERG B 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	2.1x
Enterprise Value/EBITDA	20.9x
PEG Ratio	2.5x

Price to Earnings Ratio vs Peers

How does BERG B's PE Ratio compare to its peers?

The above table shows the PE ratio for BERG B 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	32.6x
ALLIGO B Alligo	19.9x	27.5%	SEK 7.1b
MMGR B Momentum Group	46x	11.9%	SEK 8.7b
OEM B OEM International	29.8x	n/a	SEK 17.2b
BUFAB Bufab	34.7x	20.8%	SEK 17.7b
BERG B Bergman & Beving	42.6x	16.8%	SEK 8.6b

Price-To-Earnings vs Peers: BERG B is expensive based on its Price-To-Earnings Ratio (42.6x) compared to the peer average (32.6x).

Price to Earnings Ratio vs Industry

How does BERG B's PE Ratio compare vs other companies in the European Trade Distributors Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BERG B is expensive based on its Price-To-Earnings Ratio (42.6x) compared to the European Trade Distributors industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is BERG B'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.

BERG B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	42.6x
Fair PE Ratio	20.9x

Price-To-Earnings vs Fair Ratio: BERG B is expensive based on its Price-To-Earnings Ratio (42.6x) compared to the estimated Fair Price-To-Earnings Ratio (20.9x).

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 BERG B 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 322.00	SEK 338.40 +5.1%	4.4%	SEK 366.00	SEK 325.00	n/a	5
Jan ’26	SEK 311.00	SEK 337.75 +8.6%	4.9%	SEK 366.00	SEK 325.00	n/a	4
Dec ’25	SEK 265.50	SEK 336.25 +26.6%	4.1%	SEK 360.00	SEK 325.00	n/a	4
Nov ’25	SEK 303.50	SEK 336.25 +10.8%	4.1%	SEK 360.00	SEK 325.00	n/a	4
Oct ’25	SEK 306.00	SEK 310.75 +1.6%	7.5%	SEK 340.00	SEK 275.00	n/a	4
Sep ’25	SEK 318.00	SEK 301.00 -5.3%	6.1%	SEK 315.00	SEK 275.00	n/a	3
Aug ’25	SEK 306.50	SEK 301.00 -1.8%	6.1%	SEK 315.00	SEK 275.00	n/a	3
Jul ’25	SEK 296.00	SEK 269.67 -8.9%	5.3%	SEK 284.00	SEK 250.00	n/a	3
Jun ’25	SEK 270.00	SEK 263.33 -2.5%	3.9%	SEK 275.00	SEK 250.00	n/a	3
May ’25	SEK 223.50	SEK 188.67 -15.6%	4.8%	SEK 200.00	SEK 178.00	n/a	3
Apr ’25	SEK 209.50	SEK 188.67 -9.9%	4.8%	SEK 200.00	SEK 178.00	n/a	3
Mar ’25	SEK 187.00	SEK 188.67 +0.9%	4.8%	SEK 200.00	SEK 178.00	n/a	3
Feb ’25	SEK 172.60	SEK 172.00 -0.3%	2.5%	SEK 178.00	SEK 168.00	SEK 322.00	3
Jan ’25	SEK 183.60	SEK 172.00 -6.3%	2.5%	SEK 178.00	SEK 168.00	SEK 311.00	3
Dec ’24	SEK 173.20	SEK 172.00 -0.7%	2.5%	SEK 178.00	SEK 168.00	SEK 265.50	3
Nov ’24	SEK 145.60	SEK 172.00 +18.1%	2.5%	SEK 178.00	SEK 168.00	SEK 303.50	3
Oct ’24	SEK 157.20	SEK 171.00 +8.8%	3.8%	SEK 180.00	SEK 165.00	SEK 306.00	3
Sep ’24	SEK 149.20	SEK 171.00 +14.6%	3.8%	SEK 180.00	SEK 165.00	SEK 318.00	3
Aug ’24	SEK 153.00	SEK 171.00 +11.8%	3.8%	SEK 180.00	SEK 165.00	SEK 306.50	3
Jul ’24	SEK 172.60	SEK 160.67 -6.9%	3.4%	SEK 165.00	SEK 153.00	SEK 296.00	3
Jun ’24	SEK 167.40	SEK 160.67 -4.0%	3.4%	SEK 165.00	SEK 153.00	SEK 270.00	3
May ’24	SEK 144.00	SEK 141.67 -1.6%	5.5%	SEK 152.00	SEK 133.00	SEK 223.50	3
Apr ’24	SEK 128.40	SEK 141.67 +10.3%	5.5%	SEK 152.00	SEK 133.00	SEK 209.50	3
Mar ’24	SEK 122.60	SEK 141.67 +15.6%	5.5%	SEK 152.00	SEK 133.00	SEK 187.00	3
Feb ’24	SEK 111.00	SEK 134.67 +21.3%	2.9%	SEK 140.00	SEK 131.00	SEK 172.60	3

Analyst Price Target

Consensus Narrative from 5 Analysts

SEK 338.40

Fair Value

4.8% undervalued

Number of Analysts

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

Discover undervalued companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/31 02:47
End of Day Share Price	2025/01/31 00:00
Earnings	2024/09/30
Annual Earnings	2024/03/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Bergman & Beving AB (publ) is covered by 9 analysts. 5 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
Markus Almerud	Carnegie Commissioned Research
Mikael Löfdahl	Carnegie Investment Bank AB
Emanuel Jansson	Danske Bank