Clavister Holding AB (publ.) (CLAV) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Clavister Holding AB (publ.) stock SEK 0.80, price SEK 4.20, that is 81.0% below the price, quality 44 out of 100. Rating: strongly overvalued. Calculated from audited financials with 19 of our 26 valuation models and 37 quality factors, updated daily.
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Clavister Holding AB (publ.)
CLAV · STOur calculation puts a fair price 81% below what the stock costs today.
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69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range kr 0.8728 – kr 6.08 · fair‑value band kr 0.6000 – kr 1.00 · the kr 4.20 price screens above the kr 0.8000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Company profile
Clavister Holding AB (publ.), together with its subsidiaries, develops, produces, and sells cybersecurity solutions in Sweden, rest of Europe, Asia, and internationally.
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It offers next-generation firewalls, including Clavister NetWall, a versatile next-generation firewalls, engineered to protect diverse environments; Clavister NetShield, a High-capacity next-generation firewalls for secure, efficient connectivity; and Clavister CyberArmour, a military-grade next-generation firewalls for defence applications and critical missions.
The company also provides identity & access management solutions, such as Clavister IdAuth, a modern Identity Provider (IdP) platform that combines simple, user-friendly authentication with powerful security; Clavister IdAuth Cloud, a modern Identity Provider (IdP) as a Service that delivers simple, user-friendly authentication with strong security; Clavister IdSign, an on-prem solution for secure electronic signatures; and Clavister IdSphere, which streamlines and secures the full lifecycle of identities, offering accessible and powerful governance.
In addition, it offers TactiGate XD, a military-grade cross-domain solution for land applications.
Further, the company provides technical support and education and training services; and professional services, including installation and deployment, configuration and optimization, and yearly health check services.
The company serves various industries, including energy utilities, transportation, public administration, cloud and datacenter services, education, defense, public safety, healthcare, and telecom operators.
Clavister Holding AB (publ.), was founded in 1997 and is headquartered in Örnsköldsvik, Sweden.
Stock analysis
Clavister Holding AB (publ.) (CLAV) currently trades at kr 4.20, while our model-based Fair Value estimate is kr 0.8000, 81% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 1.61 per share, and 0 of the 19 models we run sit above the kr 4.20 price.
Bear case: the Earnings-Based group reads lowest at kr 0.1600, and 19 of the 19 models stay below the price. Data coverage for this calculation is low.
Scenario range: kr 0.6000 (bear) to kr 1.00 (bull), the price of kr 4.20 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 44/100 (below-average quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Clavister Holding AB (publ.) reported revenue of 219M SEK in FY2025 versus 134M SEK in FY2021, a compound +13.1%/yr. Reported net income was 5.3M SEK in FY2025.
Key figures
Market cap 1.6B SEK (≈ $164M) Micro · P/E ratio 52.5 · P/S ratio 5.96 · EPS (TTM) kr 0.0800 · Net margin 10.8% · Return on equity 86.6% · Return on assets (EBIT) −11.0% (5-year average) · Operating margin 14.2%.
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 22% below its 52-week high and 51% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at −81%, CLAV screens richer than that median.
Fair Value models
All 19 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
CLAV screens overvalued: fair value 81% below the price. Compare with Microsoft Corporation →
Compare Clavister Holding AB (publ.) with another stock
Price, fair value, quality and upside side by side.
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.Software - Infrastructure · 346 stocks
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- PEG ratio by industry
- Revenue growth by industry
- Stock screener with 62 metrics
- Valuation of the Sweden market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Microsoft Corporation MSFT | $530.61 | $583.67 | +10% | vs CLAV |
| Fortinet, Inc FTNT | $118.84 | $130.72 | +10% | vs CLAV |
| Oracle Corporation ORCL | $116.10 | $111.97 | −4% | vs CLAV |
| NetApp, Inc NTAP | $169.19 | $156.80 | −7% | vs CLAV |
| Block, Inc XYZ | $85.48 | $76.43 | −11% | vs CLAV |
| Synopsys, Inc SNPS | $450.46 | $288.23 | −36% | vs CLAV |
| Zscaler, Inc ZS | $197.66 | $101.45 | −49% | vs CLAV |
| Palantir Technologies Inc PLTR | $160.38 | $42.20 | −74% | vs CLAV |
| CrowdStrike Holdings CRWD | $216.90 | $37.97 | −82% | vs CLAV |
| Palo Alto Networks, Inc PANW | $313.84 | $39.54 | −87% | vs CLAV |
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