AQ Group AB (AQ) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of AQ Group AB stock SEK 155, price SEK 218, that is 28.9% below the price, quality 63 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range kr 40.30 – kr 251.60 · fair‑value band kr 109.07 – kr 193.44 · the kr 217.60 price screens above the kr 154.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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AQ Group AB (publ) develops, manufactures, and assembles components and systems for industrial customers in Sweden, Finland, Germany, the United States, China, France, Poland, China, Italy, the Netherlands, India, Canada, and internationally. It operates through two segments, Component and System.
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The company offers electric cabinets for food processing, control and power equipment for ship cranes, control equipment for automated handling of goods in ports, and monitoring and control systems for motors and generators; and wiring systems and electromechanical modules for the railway, car, truck, bus, engine, agriculture and forestry, construction and mining, material handling, and general engineering industries.
It also provides thermoplastic parts for the automotive, medical, telecom, and engineering industries; and contract manufacturing services for sheet metal components and sheet metal design for commercial vehicles, off-road equipment, electric power, railway, and medical industries.
In addition, the company offers machines and automats, including medtech skids, ticket machines for parking lots and travel tickets, automatic teller machines, packaging machines, printers, and passport machines; and transformers and inductors for use in various applications comprising motor drives, rail transport and trackside equipment, solar and wind energy, marine and offshore, relay protection systems, military equipment, airplanes, and equipment for process automation.
Further, it provides system solutions for the defense, aerospace, and industrial industries; technical consulting and prototypes; inductive components comprising reactors, filters, and copper parts; and mechanical engineering services for sheet metal and plastic designs.
The company was formerly known as Aros Quality Group AB and changed its name to AQ Group AB (publ) in May 2012. AQ Group AB (publ) was incorporated in 1986 and is headquartered in Västerås, Sweden.
Stock analysis
AQ Group AB (AQ) currently trades at kr 217.60, while our model-based Fair Value estimate is kr 154.75, 29% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 197.41 per share, and 1 of the 26 models we run sit above the kr 217.60 price.
Bear case: the Asset-Based group reads lowest at kr 26.23, and 25 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 109.07 (bear) to kr 193.44 (bull), the price of kr 217.60 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
AQ Group AB reported revenue of 9.1B SEK in FY2025 versus 5.5B SEK in FY2021, a compound +13.5%/yr. Reported net income was 676M SEK in FY2025, compounding +16.6%/yr from FY2021.
Key figures
Market cap 20.0B SEK (≈ $2.0B) Mid · P/E ratio 26.5 · P/S ratio 2.03 · EPS (TTM) kr 8.22 · Dividend yield 0.8% · Net margin 7.7% · Return on equity 15.2% · Return on assets (EBIT) 11.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 24% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −29%, AQ screens cheaper than that median.
Fair Value models
Bearkr 109.07Fair Value kr 154.75Bullkr 193.44
Price kr 217.60 · Downside -28.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 5.49 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.5%
Start year 2020 (pandemic). Over 10 years: +12.0% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+17.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.5%
Dividend (yield on the price)0.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.16.5% vs 14.6%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+13.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +10.9% a year for the price and +8.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (17 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electrical Equipment & Parts · 564 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−28.9% · Above median
Profitability
Return on equity (12 months)15.2% · Top 25%
Return on assets9.8% · Top 25%
Net margin (12 months)7.7% · Above median
Operating margin (12 months)10.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)21.3% · Above median
Dividend yield (12 months)0.8% · Below median
Balance sheet
Debt / equity0.06× · Above median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (12 months)26.5× · Pricier than median
P/B4.28× · Priciest 25%
P/S (12 months)2.03× · Pricier than median
Price / free cash flow (fiscal year)29.4× · Pricier than median
EV/EBITDA16.1× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 66
PAST (return on equity)61· sector 25
HEALTH (low debt)97· sector 97
DIVIDEND (yield)17· sector 23
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "AQ Group AB Fair Value". https://www.fairvalue-calculator.com/stock/AQ
Frequently asked questions
Is AQ Group AB (AQ) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of kr 154.75 versus a price of kr 217.60, about 29% lower (overvalued).
What is the fair value of AQ?
Our model-based fair value for AQ Group AB is kr 154.75 (as of Nov 6, 2026), built from audited fundamentals. The current price: kr 217.60.
What is the quality score of AQ?
AQ Group AB has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for AQ Group AB (AQ)?
Our model-based price target is the fair value of kr 154.75 (as of Nov 6, 2026) from 26 valuation models. Cautious scenario kr 109.07, optimistic scenario kr 193.44. It is a calculation from audited fundamentals, not an analyst target.
What is the AQ Group AB stock forecast for 2026?
Our models put fair value at kr 154.75, about 29% lower versus a price of kr 217.60 (overvalued). Cautious scenario kr 109.07, optimistic scenario kr 193.44. The calculation is refreshed regularly with new filings.
What is the revenue of AQ Group AB (AQ)?
AQ Group AB reported trailing-twelve-month revenue of about 9.8B SEK (latest available figure, as of Nov 6, 2026).
Does AQ Group AB pay a dividend?
AQ Group AB currently shows a dividend yield of 0.83% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of AQ Group AB (AQ) and when is the ex-dividend date?
AQ Group AB pays a dividend of kr 1.80 per share a year, a dividend yield of 0.8%. The last ex-dividend date was Apr 24, 2026. A dividend has been paid every year since 2022. The payout ratio is 21.9% of earnings. Free cash flow covers the dividend 4.12 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into AQ Group AB (AQ)?
For today's price to be fair in a discounted-cash-flow model, AQ Group AB would have to grow free cash flow by +13.1 % per year for five years (discount rate 8.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.5 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of AQ use?
Our models discount AQ Group AB at 8.6 %: a base by market capitalisation (mid), damped by beta 0.63, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AQ Group AB that is +13.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.6 %) and the same formula as our fair value.
How much growth has AQ Group AB (AQ) delivered so far?
Over the past 5 years revenue at AQ Group AB grew +13.5 % a year. The price currently implies free-cash-flow growth of +13.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AQ Group AB (AQ) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into AQ Group AB (+13.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AQ Group AB (AQ)?
The free-cash-flow yield on the price is 3.40 %: that much free cash flow AQ Group AB produces per unit of market value. When it exceeds the discount rate of our models (8.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AQ Group AB (AQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AQ Group AB it is kr 154.75 per share (as of Nov 6, 2026), against a price of kr 217.60. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is AQ Group AB stock overvalued or undervalued in 2026?
As of Nov 6, 2026, AQ trades above its calculated fair value: price kr 217.60, fair value kr 154.75, a gap of about −29% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AQ?
No. The price is what the market pays today (kr 217.60); the fair value is what the company's own numbers justify (kr 154.75). For AQ Group AB the two are kr 62.85 per share apart. That gap is exactly why we show both numbers side by side.
How much is AQ Group AB worth?
The market values AQ Group AB at about 20.0B SEK (market capitalisation, as of Nov 6, 2026). Per share that is kr 217.60; our models calculate a fair value of kr 154.75 per share.
What do the bullish and bearish scenarios say about AQ?
Our models span a range for AQ Group AB: cautious scenario kr 109.07, base kr 154.75, optimistic kr 193.44 per share (as of Nov 6, 2026, price kr 217.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AQ?
AQ Group AB trades at a price-to-earnings ratio of 26.5 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 154.75 is built from several models across several years. Other multiples: P/B 4.3, P/S 2.0, EV/EBITDA 16.1.
How solid is the balance sheet of AQ Group AB (AQ)?
Balance-sheet figures for AQ Group AB (as of Nov 6, 2026): return on equity 15.2%, debt of 0.06 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is AQ from its 52-week high?
AQ Group AB trades at kr 217.60, about 14% below its 52-week high of kr 251.60 and 24% above the low of kr 174.92 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 154.75 is for.
Which stocks are comparable to AQ Group AB?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AQ Group AB stock attractive at the current price?
The data as of Nov 6, 2026: price kr 217.60, calculated fair value kr 154.75 (−29%), Quality Score 63/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AQ calculated?
We run AQ Group AB through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 154.75 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. AQ Group AB itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AQ Group AB (AQ)?
The closing price on Nov 6, 2026 was kr 217.60. Our model-based fair value is kr 154.75, about 29% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AQ Group AB right now?
The price sits above even our optimistic bull case (kr 193.44). The favourable scenario is already priced in. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of AQ Group AB (AQ) come from?
Earnings per share at AQ Group AB grew +14.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +12.8 %, EBIT margin +2.4 %, tax rate +0.0 %, residual (interest, one-offs) −0.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of AQ Group AB
How large is the market capitalisation of AQ Group AB (AQ)?
The market capitalisation of AQ Group AB is 20.0B SEK (≈ $2.0B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AQ Group AB (AQ)?
The price-to-sales ratio of AQ Group AB is 2.03 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AQ Group AB (AQ)?
Earnings per share at AQ Group AB are kr 8.22 (price ÷ EPS = P/E 26.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AQ Group AB (AQ)?
The dividend yield of AQ Group AB is 0.8% (payout 21.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of AQ Group AB (AQ)?
The net margin of AQ Group AB is 7.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AQ Group AB (AQ)?
The return on equity (ROE) of AQ Group AB is 15.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AQ Group AB (AQ)?
On an EBIT basis the return on assets of AQ Group AB is 11.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AQ Group AB (AQ)?
The operating margin of AQ Group AB is 10.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AQ Group AB (AQ)?
Revenue at AQ Group AB is growing +21.3% versus a year earlier (3y avg +8.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at AQ Group AB (AQ)?
Earnings per share at AQ Group AB are growing +33.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does AQ Group AB (AQ) hold?
AQ Group AB holds more cash than debt, 427M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 6, 2026