Peab AB (publ)

OM:PEAB B Stock Report

Market Cap: SEK 23.3b

Peab Valuation

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

Below Fair Value: PEAB B (SEK81.05) is trading above our estimate of fair value (SEK67.77)

Significantly Below Fair Value: PEAB B is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PEAB B. This is calculated by dividing PEAB B's market cap by their current earnings.
What is PEAB B's PE Ratio?
PE Ratio15.7x
EarningsSEK 1.48b
Market CapSEK 23.30b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PEAB B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.4x
NCC B NCC
12.6x6.4%SEK 15.6b
SWEC B Sweco
30.9x15.4%SEK 58.4b
SKA B Skanska
18.4x18.0%SEK 90.0b
INSTAL Instalco
15.5x22.8%SEK 7.6b
PEAB B Peab
15.7x10.4%SEK 23.3b

Price-To-Earnings vs Peers: PEAB B is good value based on its Price-To-Earnings Ratio (15.7x) compared to the peer average (19.4x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
PEAB B 15.7xIndustry Avg. 12.8xNo. of Companies19PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PEAB B is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the European Construction industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is PEAB 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.

PEAB B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.7x
Fair PE Ratio21.3x

Price-To-Earnings vs Fair Ratio: PEAB B is good value based on its Price-To-Earnings Ratio (15.7x) compared to the estimated Fair Price-To-Earnings Ratio (21.3x).

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 PEAB B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 81.05
SEK 80.33
-0.9%
8.5%SEK 90.00SEK 75.00n/a3
Nov ’25SEK 83.45
SEK 80.33
-3.7%
8.5%SEK 90.00SEK 75.00n/a3
Oct ’25SEK 80.85
SEK 75.67
-6.4%
9.7%SEK 85.00SEK 67.00n/a3
Sep ’25SEK 78.40
SEK 75.67
-3.5%
9.7%SEK 85.00SEK 67.00n/a3
Aug ’25SEK 78.05
SEK 75.67
-3.1%
9.7%SEK 85.00SEK 67.00n/a3
Jul ’25SEK 68.80
SEK 68.33
-0.7%
12.4%SEK 80.00SEK 60.00n/a3
Jun ’25SEK 68.30
SEK 63.33
-7.3%
19.7%SEK 80.00SEK 50.00n/a3
May ’25SEK 68.05
SEK 57.67
-15.3%
10.6%SEK 65.00SEK 50.00n/a3
Apr ’25SEK 67.35
SEK 55.67
-17.3%
11.9%SEK 65.00SEK 50.00n/a3
Mar ’25SEK 57.80
SEK 55.67
-3.7%
11.9%SEK 65.00SEK 50.00n/a3
Feb ’25SEK 51.40
SEK 52.67
+2.5%
16.7%SEK 65.00SEK 45.00n/a3
Jan ’25SEK 57.10
SEK 50.67
-11.3%
20.1%SEK 65.00SEK 42.00n/a3
Dec ’24SEK 49.88
SEK 50.67
+1.6%
20.1%SEK 65.00SEK 42.00n/a3
Nov ’24SEK 42.38
SEK 50.67
+19.6%
20.1%SEK 65.00SEK 42.00SEK 83.453
Oct ’24SEK 44.98
SEK 52.33
+16.3%
17.2%SEK 65.00SEK 45.00SEK 80.853
Sep ’24SEK 43.72
SEK 46.00
+5.2%
2.2%SEK 47.00SEK 45.00SEK 78.402
Aug ’24SEK 46.42
SEK 46.00
-0.9%
2.2%SEK 47.00SEK 45.00SEK 78.052
Jul ’24SEK 42.84
SEK 50.00
+16.7%
10.0%SEK 55.00SEK 45.00SEK 68.802
May ’24SEK 54.15
SEK 60.00
+10.8%
8.3%SEK 65.00SEK 55.00SEK 68.052
Apr ’24SEK 51.85
SEK 67.50
+30.2%
3.7%SEK 70.00SEK 65.00SEK 67.352
Mar ’24SEK 57.00
SEK 67.50
+18.4%
3.7%SEK 70.00SEK 65.00SEK 57.802
Feb ’24SEK 68.15
SEK 69.00
+1.2%
5.8%SEK 73.00SEK 65.00SEK 51.402
Jan ’24SEK 59.10
SEK 66.50
+12.5%
9.8%SEK 73.00SEK 60.00SEK 57.102
Dec ’23SEK 61.10
SEK 66.50
+8.8%
9.8%SEK 73.00SEK 60.00SEK 49.882
Nov ’23SEK 59.25
SEK 66.50
+12.2%
9.8%SEK 73.00SEK 60.00SEK 42.382

Analyst Forecast: Target price is lower than the current share price.

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