Nyab Valuation

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

Below Fair Value: NYAB (SEK5.1) is trading below our estimate of fair value (SEK10.62)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NYAB. This is calculated by dividing NYAB's market cap by their current earnings.
What is NYAB's PE Ratio?
PE Ratio	28.2x
Earnings	€11.12m
Market Cap	€324.89m

NYAB 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	1x
Enterprise Value/EBITDA	15.8x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NYAB 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	23x
FG Fasadgruppen Group	16.2x	64.3%	SEK 2.0b
INSTAL Instalco	15.5x	22.8%	SEK 7.6b
TRAIN B Train Alliance	38.6x	n/a	SEK 1.6b
BYGGP ByggPartner Gruppen	21.5x	n/a	SEK 750.4m
NYAB Nyab	28.2x	26.8%	SEK 3.8b

Price-To-Earnings vs Peers: NYAB is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the peer average (23x).

Price to Earnings Ratio vs Industry

How does NYAB's PE Ratio compare vs other companies in the European Construction Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: NYAB is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the European Construction industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is NYAB'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.

NYAB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	28.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NYAB'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 NYAB 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 5.10	SEK 6.78 +32.8%	0.4%	SEK 6.80	SEK 6.75	n/a	2
Nov ’25	SEK 5.93	SEK 6.78 +14.2%	0.4%	SEK 6.80	SEK 6.75	n/a	2
Oct ’25	SEK 5.83	SEK 6.65 +14.1%	2.3%	SEK 6.80	SEK 6.50	n/a	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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