Munters Group AB (publ)

OM:MTRS Stock Report

Market Cap: SEK 33.9b

Munters Group Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow 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 MTRS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: MTRS (SEK185.7) is trading below our estimate of future cash flow value (SEK299.37)

Significantly Below Future Cash Flow Value: MTRS is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MTRS. This is calculated by dividing MTRS's market cap by their current earnings.
What is MTRS's PE Ratio?
PE Ratio66.9x
EarningsSEK 507.00m
Market CapSEK 33.90b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MTRS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.9x
SYSR Systemair
22.1x11.39%SEK 16.8b
NIBE B NIBE Industrier
32.3x15.95%SEK 77.2b
INWI Inwido
18.9x18.21%SEK 10.0b
LIAB Lindab International
14.3x15.73%SEK 9.8b
MTRS Munters Group
66.9x49.84%SEK 33.9b

Price-To-Earnings vs Peers: MTRS is expensive based on its Price-To-Earnings Ratio (66.9x) compared to the peer average (21.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MTRS 66.9xIndustry Avg. 23.9xNo. of Companies8PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MTRS is expensive based on its Price-To-Earnings Ratio (66.9x) compared to the European Building industry average (23.9x).

Price to Earnings Ratio vs Fair Ratio

What is MTRS'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.

MTRS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio66.9x
Fair PE Ratio67.5x

Price-To-Earnings vs Fair Ratio: MTRS is good value based on its Price-To-Earnings Ratio (66.9x) compared to the estimated Fair Price-To-Earnings Ratio (67.5x).

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 MTRS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 185.70
SEK 231.25
+24.53%
8.00%SEK 260.00SEK 200.00n/a8
Aug ’27SEK 169.00
SEK 231.25
+36.83%
8.00%SEK 260.00SEK 200.00n/a8
Jul ’27SEK 173.30
SEK 222.50
+28.39%
11.39%SEK 260.00SEK 185.00n/a8
Jun ’27SEK 188.70
SEK 221.00
+17.12%
9.78%SEK 250.00SEK 185.00n/a7
May ’27SEK 200.10
SEK 219.57
+9.73%
10.99%SEK 250.00SEK 175.00n/a7
Apr ’27SEK 161.40
SEK 210.83
+30.63%
10.01%SEK 235.00SEK 175.00n/a6
Mar ’27SEK 189.50
SEK 210.83
+11.26%
10.01%SEK 235.00SEK 175.00n/a6
Feb ’27SEK 175.50
SEK 210.83
+20.13%
10.01%SEK 235.00SEK 175.00n/a6
Jan ’27SEK 171.90
SEK 199.00
+15.76%
13.43%SEK 225.00SEK 150.00n/a5
Dec ’26SEK 160.10
SEK 188.00
+17.43%
11.48%SEK 210.00SEK 150.00n/a5
Nov ’26SEK 162.00
SEK 185.00
+14.20%
10.81%SEK 210.00SEK 150.00n/a5
Oct ’26SEK 114.40
SEK 160.00
+39.86%
13.55%SEK 200.00SEK 135.00n/a5
Sep ’26SEK 129.90
SEK 167.40
+28.87%
16.63%SEK 220.00SEK 140.00n/a5
Aug ’26SEK 134.80
SEK 167.40
+24.18%
16.63%SEK 220.00SEK 140.00SEK 169.005
Jul ’26SEK 133.30
SEK 166.80
+25.13%
16.71%SEK 220.00SEK 140.00SEK 173.305
Jun ’26SEK 127.80
SEK 173.80
+35.99%
19.06%SEK 220.00SEK 125.00SEK 188.705
May ’26SEK 123.90
SEK 173.80
+40.27%
19.06%SEK 220.00SEK 125.00SEK 200.105
Apr ’26SEK 104.10
SEK 201.80
+93.85%
15.77%SEK 250.00SEK 150.00SEK 161.405
Mar ’26SEK 133.90
SEK 201.80
+50.71%
15.77%SEK 250.00SEK 150.00SEK 189.505
Feb ’26SEK 177.70
SEK 218.00
+22.68%
17.68%SEK 270.00SEK 155.00SEK 175.505
Jan ’26SEK 186.00
SEK 211.00
+13.44%
15.75%SEK 260.00SEK 160.00SEK 171.905
Dec ’25SEK 173.40
SEK 211.00
+21.68%
15.75%SEK 260.00SEK 160.00SEK 160.105
Nov ’25SEK 174.00
SEK 227.00
+30.46%
8.19%SEK 260.00SEK 205.00SEK 162.005
Oct ’25SEK 225.40
SEK 245.00
+8.70%
10.70%SEK 280.00SEK 215.00SEK 114.404
Sep ’25SEK 215.80
SEK 245.00
+13.53%
10.70%SEK 280.00SEK 215.00SEK 129.904
Aug ’25SEK 229.80
SEK 245.00
+6.61%
10.70%SEK 280.00SEK 215.00SEK 134.804
SEK 231.25
Fair Value
19.7% undervalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/14 23:57
End of Day Share Price 2026/08/14 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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

Munters Group AB (publ) is covered by 12 analysts. 8 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
Simon JonssonBerenberg
Kenneth Toll JohanssonCarnegie Investment Bank AB