NIBE Industrier AB (publ)

OM:NIBE B Stock Report

Market Cap: SEK 71.3b

NIBE Industrier Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: NIBE B (SEK35.35) is trading below our estimate of fair value (SEK37.98)

Significantly Below Fair Value: NIBE B 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 NIBE B?

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

The above table shows the Price to Earnings ratio for NIBE B. This is calculated by dividing NIBE B's market cap by their current earnings.
What is NIBE B's PE Ratio?
PE Ratio24.8x
EarningsSEK 2.87b
Market CapSEK 71.27b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NIBE B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.9x
MTRS Munters Group
41.4x31.30%SEK 32.4b
SYSR Systemair
25.6x19.35%SEK 17.7b
LIAB Lindab International
29.4x25.02%SEK 16.1b
ASSA B ASSA ABLOY
27.1x12.31%SEK 397.2b
NIBE B NIBE Industrier
24.8x16.61%SEK 71.3b

Price-To-Earnings vs Peers: NIBE B is good value based on its Price-To-Earnings Ratio (24.8x) compared to the peer average (30.9x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NIBE B 24.8xIndustry Avg. 22.5xNo. of Companies7PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NIBE B is expensive based on its Price-To-Earnings Ratio (24.8x) compared to the European Building industry average (22.5x).

Price to Earnings Ratio vs Fair Ratio

What is NIBE 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.

NIBE B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.8x
Fair PE Ratio29.9x

Price-To-Earnings vs Fair Ratio: NIBE B is good value based on its Price-To-Earnings Ratio (24.8x) compared to the estimated Fair Price-To-Earnings Ratio (29.9x).

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 NIBE B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 35.35
SEK 44.73
+26.54%
22.33%SEK 66.00SEK 32.50n/a10
Dec ’26SEK 34.90
SEK 43.90
+25.79%
25.56%SEK 66.00SEK 24.49n/a10
Nov ’26SEK 37.11
SEK 45.39
+22.31%
26.55%SEK 67.00SEK 24.49n/a10
Oct ’26SEK 37.37
SEK 46.09
+23.33%
27.42%SEK 67.00SEK 24.49n/a10
Sep ’26SEK 38.81
SEK 45.89
+18.24%
27.51%SEK 67.00SEK 24.49n/a10
Aug ’26SEK 44.44
SEK 44.09
-0.79%
27.73%SEK 67.00SEK 24.49n/a10
Jul ’26SEK 40.29
SEK 43.99
+9.18%
26.26%SEK 67.00SEK 24.49n/a11
Jun ’26SEK 39.27
SEK 44.49
+13.29%
24.43%SEK 67.00SEK 24.49n/a12
May ’26SEK 40.78
SEK 45.16
+10.73%
29.17%SEK 74.00SEK 24.49n/a12
Apr ’26SEK 37.31
SEK 47.28
+26.73%
27.97%SEK 74.00SEK 24.00n/a12
Mar ’26SEK 40.24
SEK 52.85
+31.33%
43.90%SEK 120.00SEK 24.00n/a13
Feb ’26SEK 44.59
SEK 55.85
+25.24%
42.61%SEK 120.00SEK 24.00n/a13
Jan ’26SEK 43.24
SEK 57.54
+33.07%
41.71%SEK 120.00SEK 24.00n/a13
Dec ’25SEK 46.22
SEK 57.54
+24.49%
41.71%SEK 120.00SEK 24.00SEK 34.9013
Nov ’25SEK 51.98
SEK 57.62
+10.84%
41.03%SEK 120.00SEK 26.00SEK 37.1113
Oct ’25SEK 54.14
SEK 58.62
+8.27%
40.40%SEK 120.00SEK 29.00SEK 37.3713
Sep ’25SEK 50.64
SEK 58.31
+15.14%
40.82%SEK 120.00SEK 29.00SEK 38.8113
Aug ’25SEK 45.08
SEK 58.62
+30.03%
40.32%SEK 120.00SEK 29.00SEK 44.4413
Jul ’25SEK 45.15
SEK 60.07
+33.05%
36.89%SEK 120.00SEK 34.00SEK 40.2914
Jun ’25SEK 53.38
SEK 61.86
+15.88%
35.72%SEK 120.00SEK 38.00SEK 39.2714
May ’25SEK 51.60
SEK 62.71
+21.54%
34.79%SEK 120.00SEK 38.00SEK 40.7814
Apr ’25SEK 52.56
SEK 67.77
+28.94%
31.56%SEK 120.00SEK 38.00SEK 37.3113
Mar ’25SEK 59.34
SEK 74.33
+25.27%
24.38%SEK 120.00SEK 51.00SEK 40.2412
Feb ’25SEK 63.70
SEK 76.45
+20.02%
23.28%SEK 120.00SEK 53.00SEK 44.5911
Jan ’25SEK 70.80
SEK 84.90
+19.92%
25.35%SEK 120.00SEK 50.00SEK 43.2410
Dec ’24SEK 62.78
SEK 84.90
+35.23%
25.35%SEK 120.00SEK 50.00SEK 46.2210
SEK 44.73
Fair Value
21.0% undervalued intrinsic discount
10
Number of Analysts

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.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/14 13:50
End of Day Share Price 2025/12/12 00:00
Earnings2025/09/30
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

NIBE Industrier AB (publ) is covered by 20 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James WinchesterBarclays
George FeatherstoneBarclays
Philip BullerBerenberg