Investor AB (publ)

OM:INVE A Stock Report

Market Cap: SEK 906.9b

Investor Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: INVE A (SEK295.9) is trading below our estimate of fair value (SEK904.64)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for INVE A. This is calculated by dividing INVE A's market cap by their current earnings.
What is INVE A's PE Ratio?
PE Ratio4.4x
EarningsSEK 204.98b
Market CapSEK 906.86b

Price to Earnings Ratio vs Peers

How does INVE A's PE Ratio compare to its peers?

The above table shows the PE ratio for INVE A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.4x
INDU A AB Industrivärden
4.9xn/aSEK 153.3b
LUND B L E Lundbergföretagen
13.4xn/aSEK 125.9b
ORES Investment AB Öresund
5.1xn/aSEK 4.8b
EQT EQT
110.1x33.3%SEK 381.0b
INVE A Investor
4.4x-55.0%SEK 906.9b

Price-To-Earnings vs Peers: INVE A is good value based on its Price-To-Earnings Ratio (4.4x) compared to the peer average (33.4x).

Price to Earnings Ratio vs Industry

How does INVE A's PE Ratio compare vs other companies in the European Diversified Financial Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
INVE A 4.4xIndustry Avg. 11.4xNo. of Companies13PE01020304050+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: INVE A is good value based on its Price-To-Earnings Ratio (4.4x) compared to the European Diversified Financial industry average (11.4x).

Price to Earnings Ratio vs Fair Ratio

What is INVE A'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.

INVE A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.4x
Fair PE Ratio8.5x

Price-To-Earnings vs Fair Ratio: INVE A is good value based on its Price-To-Earnings Ratio (4.4x) compared to the estimated Fair Price-To-Earnings Ratio (8.5x).

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 INVE A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 295.90
SEK 303.50
+2.6%
1.2%SEK 307.00SEK 300.00n/a2
Dec ’25SEK 297.30
SEK 303.50
+2.1%
1.2%SEK 307.00SEK 300.00n/a2
Nov ’25SEK 302.50
SEK 303.50
+0.3%
1.2%SEK 307.00SEK 300.00n/a2
Jul ’25SEK 287.80
SEK 276.40
-4.0%
0.5%SEK 277.80SEK 275.00n/a2
Jun ’25SEK 282.20
SEK 276.40
-2.1%
0.5%SEK 277.80SEK 275.00n/a2
May ’25SEK 270.80
SEK 267.60
-1.2%
4.7%SEK 277.80SEK 250.00n/a3
Apr ’25SEK 266.20
SEK 250.67
-5.8%
0.4%SEK 252.00SEK 250.00n/a3
Mar ’25SEK 257.10
SEK 250.67
-2.5%
0.4%SEK 252.00SEK 250.00n/a3
Feb ’25SEK 244.50
SEK 250.67
+2.5%
0.4%SEK 252.00SEK 250.00n/a3
Jan ’25SEK 231.50
SEK 244.00
+5.4%
4.1%SEK 252.00SEK 230.00n/a3
Dec ’24SEK 217.30
SEK 244.00
+12.3%
4.1%SEK 252.00SEK 230.00SEK 297.303
Nov ’24SEK 203.50
SEK 244.00
+19.9%
4.1%SEK 252.00SEK 230.00SEK 302.503
Oct ’24SEK 207.50
SEK 235.67
+13.6%
2.8%SEK 245.00SEK 230.00SEK 310.603
Sep ’24SEK 208.20
SEK 235.67
+13.2%
2.8%SEK 245.00SEK 230.00SEK 304.103
Aug ’24SEK 213.10
SEK 235.67
+10.6%
2.8%SEK 245.00SEK 230.00SEK 296.903

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 04:09
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Investor AB (publ) is covered by 19 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rickard HenzeABG Sundal Collier
Pierre-Yves GauthierAlphaValue
Alexandre TissieresBofA Global Research