NIBE Industrier AB (publ)

OM:NIBE B Stock Report

Market Cap: SEK 90.5b

NIBE Industrier Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 (SEK44.91) is trading below our estimate of fair value (SEK46.29)

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 Ratio116.7x
EarningsSEK 776.00m
Market CapSEK 90.54b

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 Average29.4x
ASSA B ASSA ABLOY
23.7x9.5%SEK 363.4b
MTRS Munters Group
37x21.1%SEK 32.0b
SYSR Systemair
31x16.9%SEK 18.9b
LIAB Lindab International
25.9x28.5%SEK 17.6b
NIBE B NIBE Industrier
116.7x56.5%SEK 90.5b

Price-To-Earnings vs Peers: NIBE B is expensive based on its Price-To-Earnings Ratio (116.7x) compared to the peer average (29.4x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
NIBE B 116.7xIndustry Avg. 19.6xNo. of Companies13PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NIBE B is expensive based on its Price-To-Earnings Ratio (116.7x) compared to the European Building industry average (19.6x).

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 Ratio116.7x
Fair PE Ratio72.8x

Price-To-Earnings vs Fair Ratio: NIBE B is expensive based on its Price-To-Earnings Ratio (116.7x) compared to the estimated Fair Price-To-Earnings Ratio (72.8x).

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 44.91
SEK 57.54
+28.1%
41.7%SEK 120.00SEK 24.00n/a13
Nov ’25SEK 51.98
SEK 57.62
+10.8%
41.0%SEK 120.00SEK 26.00n/a13
Oct ’25SEK 54.14
SEK 58.62
+8.3%
40.4%SEK 120.00SEK 29.00n/a13
Sep ’25SEK 50.64
SEK 58.31
+15.1%
40.8%SEK 120.00SEK 29.00n/a13
Aug ’25SEK 45.08
SEK 58.62
+30.0%
40.3%SEK 120.00SEK 29.00n/a13
Jul ’25SEK 45.15
SEK 60.07
+33.0%
36.9%SEK 120.00SEK 34.00n/a14
Jun ’25SEK 53.38
SEK 61.86
+15.9%
35.7%SEK 120.00SEK 38.00n/a14
May ’25SEK 51.60
SEK 62.71
+21.5%
34.8%SEK 120.00SEK 38.00n/a14
Apr ’25SEK 52.56
SEK 67.77
+28.9%
31.6%SEK 120.00SEK 38.00n/a13
Mar ’25SEK 59.34
SEK 74.33
+25.3%
24.4%SEK 120.00SEK 51.00n/a12
Feb ’25SEK 63.70
SEK 76.45
+20.0%
23.3%SEK 120.00SEK 53.00n/a11
Jan ’25SEK 70.80
SEK 84.90
+19.9%
25.3%SEK 120.00SEK 50.00n/a10
Dec ’24SEK 62.78
SEK 84.90
+35.2%
25.3%SEK 120.00SEK 50.00n/a10
Nov ’24SEK 63.74
SEK 91.91
+44.2%
23.5%SEK 120.00SEK 55.00SEK 51.9810
Oct ’24SEK 71.80
SEK 96.11
+33.9%
25.0%SEK 132.00SEK 55.00SEK 54.1410
Sep ’24SEK 80.56
SEK 107.89
+33.9%
25.7%SEK 150.00SEK 68.00SEK 50.649
Aug ’24SEK 93.72
SEK 121.78
+29.9%
21.4%SEK 170.00SEK 85.00SEK 45.089
Jul ’24SEK 102.40
SEK 127.00
+24.0%
16.2%SEK 170.00SEK 93.00SEK 45.159
Jun ’24SEK 104.10
SEK 125.67
+20.7%
14.8%SEK 160.00SEK 93.00SEK 53.389
May ’24SEK 114.50
SEK 123.56
+7.9%
14.5%SEK 148.00SEK 88.00SEK 51.609
Apr ’24SEK 117.80
SEK 121.67
+3.3%
16.5%SEK 146.00SEK 75.00SEK 52.569
Mar ’24SEK 109.00
SEK 120.13
+10.2%
17.3%SEK 146.00SEK 75.00SEK 59.348
Feb ’24SEK 113.10
SEK 110.63
-2.2%
19.3%SEK 145.00SEK 70.00SEK 63.708
Jan ’24SEK 97.10
SEK 109.38
+12.6%
19.0%SEK 142.00SEK 70.00SEK 70.808
Dec ’23SEK 103.85
SEK 109.38
+5.3%
19.0%SEK 142.00SEK 70.00SEK 62.788
Nov ’23SEK 88.20
SEK 111.00
+25.9%
20.4%SEK 149.00SEK 70.00SEK 63.748

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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