Enity Holding AB (publ) (ENITY) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Enity Holding AB (publ) stock SEK 86.17, price SEK 78.60, upside +9.6%, quality 42 out of 100. Rating: fairly valued. Calculated from audited financials with 9 of our 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 5, 2026.
How to read this chart
17‑month range kr 67.00 – kr 112.24 · fair‑value band kr 85.17 – kr 99.81 · the kr 78.60 price screens below the kr 86.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Enity Holding AB (publ) operates as a mortgage bank to individuals and communities in Sweden, Norway, and Finland. The company cloud-based technology platform.
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It also offers mortgage products that include first and second charge mortgages and equity release loans, as well as savings accounts and deposit products. The company was formerly known as Bluestep Bank AB (publ) and changed its name to Enity Holding AB (publ) in December 2024.
Enity Holding AB (publ) was incorporated in 2004 and is headquartered in Stockholm, Sweden.
Stock analysis
Enity Holding AB (publ) (ENITY) currently trades at kr 78.60, while our model-based Fair Value estimate is kr 86.17, so the stock looks roughly fairly valued today (gap 8.8%).
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 264.83 per share, and 5 of the 9 models we run sit above the kr 78.60 price.
Bear case: the Asset-Based group reads lowest at kr 33.23, and 4 of the 9 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 85.17 (bear) to kr 99.81 (bull), the price of kr 78.60 sits below 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 42/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Enity Holding AB (publ) reported revenue of 1.3B SEK in FY2025 versus 906M SEK in FY2022, a compound +13.0%/yr. Reported net income was 307M SEK in FY2025, compounding +13.5%/yr from FY2022.
Key figures
Market cap 3.9B SEK (≈ $398M) Small · P/E ratio 7.8 · P/S ratio 1.84 · EPS (TTM) kr 10.07 · Dividend yield 1.8% · Net margin 23.5% · Return on equity 8.5% · Return on assets 1.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 16% fair-value upside, at 10%, ENITY screens richer than that median.
Fair Value models
Bearkr 85.17Fair Value kr 86.17Bullkr 99.81
Price kr 78.60 · Upside +9.6%
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 7.43 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.61/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+12.3%
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.
+13.0%
’22
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What shareholders gained per year (last 3 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 3 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.
Compare Enity Holding AB (publ) with another stock
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.Mortgage Finance · 49 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside+9.6% · Below median
Profitability
Return on equity (12 months)8.5% · Below median
Return on assets0.8% · Below median
Net margin (12 months)30.7% · Above median
Operating margin (12 months)36.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)23.7% · Top 25%
Dividend yield (12 months)1.8% · Bottom 25%
Valuation Multiplesvs Mortgage Finance median · lower = cheaper
P/E (12 months)7.8× · Cheapest 25%
P/B0.68× · Cheaper than median
P/S (12 months)2.54× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)46· sector 56
FUTURE (revenue growth)100· sector 31
PAST (return on equity)34· sector 37
HEALTH (low debt)–
DIVIDEND (yield)36· sector 100
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
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). "Enity Holding AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/ENITY
Frequently asked questions
Is Enity Holding AB (publ) (ENITY) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of kr 86.17 versus a price of kr 78.60, about +10% upside (fairly valued).
What is the fair value of ENITY?
Our model-based fair value for Enity Holding AB (publ) is kr 86.17 (as of Nov 5, 2026), built from audited fundamentals. The current price: kr 78.60.
What is the quality score of ENITY?
Enity Holding AB (publ) has a Quality Score of 42/100. 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 Enity Holding AB (publ) (ENITY)?
Our model-based price target is the fair value of kr 86.17 (as of Nov 5, 2026) from 9 valuation models. Cautious scenario kr 85.17, optimistic scenario kr 99.81. It is a calculation from audited fundamentals, not an analyst target.
What is the Enity Holding AB (publ) stock forecast for 2026?
Our models put fair value at kr 86.17, about +10% upside versus a price of kr 78.60 (fairly valued). Cautious scenario kr 85.17, optimistic scenario kr 99.81. The calculation is refreshed regularly with new filings.
What is the revenue of Enity Holding AB (publ) (ENITY)?
Enity Holding AB (publ) reported trailing-twelve-month revenue of about 1.5B SEK (latest available figure, as of Nov 5, 2026).
Does Enity Holding AB (publ) pay a dividend?
Enity Holding AB (publ) currently shows a dividend yield of 1.78% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Enity Holding AB (publ) (ENITY) and when is the ex-dividend date?
Enity Holding AB (publ) pays a dividend of kr 1.40 per share a year, a dividend yield of 1.8%. The last ex-dividend date was May 8, 2026. The payout ratio is 13.9% of earnings. Our assessment: Low payout. A low payout ratio: the dividend takes at most 60 % of earnings. Whether free cash flow covers it as well, we cannot see for this company.
What is the intrinsic value of Enity Holding AB (publ) (ENITY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Enity Holding AB (publ) it is kr 86.17 per share (as of Nov 5, 2026), against a price of kr 78.60. It is the blended result of 9 valuation models in 6 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Enity Holding AB (publ) stock overvalued or undervalued in 2026?
As of Nov 5, 2026, ENITY trades below its calculated fair value: price kr 78.60, fair value kr 86.17, a gap of about +10% (fairly valued). 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 ENITY?
No. The price is what the market pays today (kr 78.60); the fair value is what the company's own numbers justify (kr 86.17). For Enity Holding AB (publ) the two are kr 7.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is Enity Holding AB (publ) worth?
The market values Enity Holding AB (publ) at about 3.9B SEK (market capitalisation, as of Nov 5, 2026). Per share that is kr 78.60; our models calculate a fair value of kr 86.17 per share.
What do the bullish and bearish scenarios say about ENITY?
Our models span a range for Enity Holding AB (publ): cautious scenario kr 85.17, base kr 86.17, optimistic kr 99.81 per share (as of Nov 5, 2026, price kr 78.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ENITY?
Enity Holding AB (publ) trades at a price-to-earnings ratio of 7.8 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 86.17 is built from several models across several years. Other multiples: P/B 0.7, P/S 2.5.
How solid is the balance sheet of Enity Holding AB (publ) (ENITY)?
Balance-sheet figures for Enity Holding AB (publ) (as of Nov 5, 2026): return on equity 8.5%. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is ENITY from its 52-week high?
Enity Holding AB (publ) trades at kr 78.60, about 30% below its 52-week high of kr 112.24 and 17% above the low of kr 67.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 86.17 is for.
Which stocks are comparable to Enity Holding AB (publ)?
From the same area (Financial Services) we also value Rocket Companies, Inc, Bajaj Housing Finance Limited, PennyMac Financial Services, Inc, LIC Housing Finance Limited, 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 Enity Holding AB (publ) stock attractive at the current price?
The data as of Nov 5, 2026: price kr 78.60, calculated fair value kr 86.17 (+10%), Quality Score 42/100, from 9 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 ENITY calculated?
We run Enity Holding AB (publ) through 9 models from 6 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 86.17 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 13.3% above its aggregate fair value. Enity Holding AB (publ) currently trades 9% below its own fair value, and the market average says nothing about that. 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 Enity Holding AB (publ) (ENITY)?
The closing price on Nov 6, 2026 was kr 78.60. Our model-based fair value is kr 86.17, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Enity Holding AB (publ) right now?
The price is below even our cautious bear case (kr 85.17). The market is more pessimistic than our downside scenario. The price sits close to our fair value, market and models broadly agree here, little valuation tension. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Enity Holding AB (publ)
How large is the market capitalisation of Enity Holding AB (publ) (ENITY)?
The market capitalisation of Enity Holding AB (publ) is 3.9B SEK (≈ $398M). 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 Enity Holding AB (publ) (ENITY)?
The price-to-sales ratio of Enity Holding AB (publ) is 1.84 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Enity Holding AB (publ) (ENITY)?
Earnings per share at Enity Holding AB (publ) are kr 10.07 (price ÷ EPS = P/E 7.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Enity Holding AB (publ) (ENITY)?
The dividend yield of Enity Holding AB (publ) is 1.8% (payout 13.9%). 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 Enity Holding AB (publ) (ENITY)?
The net margin of Enity Holding AB (publ) is 23.5% (fiscal year 2025). 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 Enity Holding AB (publ) (ENITY)?
The return on equity (ROE) of Enity Holding AB (publ) is 8.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Enity Holding AB (publ) (ENITY)?
The return on assets (ROA) of Enity Holding AB (publ) is 1.3% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of Enity Holding AB (publ) (ENITY)?
The operating margin of Enity Holding AB (publ) is 36.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Enity Holding AB (publ) (ENITY)?
Revenue at Enity Holding AB (publ) is growing +23.7% versus a year earlier (3y avg +13.0%). 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 Enity Holding AB (publ) (ENITY)?
Earnings per share at Enity Holding AB (publ) are growing −22.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Enity Holding AB (publ) (ENITY) generate?
The free cash flow of Enity Holding AB (publ) is −146M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Enity Holding AB (publ) (ENITY) carry?
The net debt of Enity Holding AB (publ) is 6.9B SEK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 5, 2026