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Garo AB (GARO) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Garo AB stock SEK 10.44, price SEK 12.24, that is 14.7% below the price, quality 56 out of 100. Rating: overvalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials SE · ISIN SE0015812417

GA Garo AB logo Some data Nov 7, 2026

Garo AB

GARO · ST
Expensive, in a downtrend

Our calculation puts a fair price 15% below what the stock costs today.

Low debt
Generates free cash flow
Quality 56/100
Mixed vs. peers (6/12)
Some data
Fair value kr 10.44 · Overvalued
Weak Growth (revenue 5y +0.1 %/yr in SEK)
Loss-making · -4.5% net margin (TTM)
Narrow moat 15/100 · thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 240.65 kr 10.66 Fair Value kr 10.44 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range kr 10.66 – kr 240.65 · fair‑value band kr 8.04 – kr 12.55 · the kr 12.24 price screens above the kr 10.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

Garo Aktiebolag (publ), together with its subsidiaries, develops, manufactures, and markets electrical installation materials in Sweden, Norway, Ireland, the United Kingdom, Finland, Denmark, Austria, Poland, Belgium, and internationally.

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The company's E-mobility business markets destination charging for electric cars, chargeable hybrid cars, and heavy electrically driven vehicle traffic, which offers wall boxes, public charging poles, fast chargers, cable cabinets for power supply, load balancing, programming, metering, and software service.

Its electrification business develops and produces electrical installers, including distribution cabinets containing media, control and metering, exterior facades, and ground meter cabinets primarily to property owners, construction companies, housing manufacturers, municipalities, other public operations, and rental companies in the construction sector; and standard components, connectors, smart engine heater outlets, and electric posts for camping and marinas.

In addition, the company offers lighting and charging posts for campsites and camping facilities; G-Cloud, a web-based metering collection service; and energy meters. Garo Aktiebolag (publ) was founded in 1939 and is headquartered in Gnosjö, Sweden.

Stock analysis

Garo AB (GARO) currently trades at kr 12.24, while our model-based Fair Value estimate is kr 10.44, 15% 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 11.08 per share, and 0 of the 11 models we run sit above the kr 12.24 price.

Bear case: the Asset-Based group reads lowest at kr 2.94, and 11 of the 11 models stay below the price. Data coverage for this calculation is medium.

Scenario range: kr 8.04 (bear) to kr 12.55 (bull), the price of kr 12.24 sits inside 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 56/100 (solid quality), in the Industrials sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

Garo AB reported revenue of 1.0B SEK in FY2025 versus 1.3B SEK in FY2021, a compound −5.3%/yr. Reported net income was −17.5M SEK in FY2025.

Key figures

Market cap 612M SEK (≈ $61.9M) Micro · P/S ratio 0.57 · EPS (TTM) kr −0.9300 · Net margin −4.5% · Return on equity −8.9% · Return on assets (EBIT) 8.2% (5-year average) · Operating margin −8.6% · Revenue (TTM) 1.0B SEK.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (low confidence).

What moves the price

The share trades about 34% below its 52-week high and 15% 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 −15%, GARO screens cheaper than that median.

Fair Value models

Bear kr 8.04 Fair Value kr 10.44 Bull kr 12.55
Price kr 12.24 · Downside -14.7%
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. 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.
Best data coverage
FCF DCF kr 8.36 kr 10.56 kr 12.99 82
Growth DCF kr 8.45 kr 10.44 kr 12.55 80
Owner Earnings kr 8.91 kr 11.25 kr 13.84 78
All 11 models by family
DCF Models
FCF DCF kr 8.36 kr 10.56 kr 12.99 82
Owner Earnings kr 8.91 kr 11.25 kr 13.84 78
5Y Revenue Exit kr 8.11 kr 11.55 kr 15.70 73
5Y EBITDA Exit kr 7.88 kr 11.14 kr 14.70 76
10Y Revenue Exit kr 7.99 kr 10.69 kr 13.88 68
10Y EBITDA Exit kr 8.04 kr 10.46 kr 13.29 70
Multiples
EV/EBITDA kr 3.73 kr 6.57 kr 9.41 65
EV/Revenue kr 3.63 kr 7.24 kr 10.85 51
Asset-Based
NCAV (Graham) kr 1.94 kr 2.94 kr 3.68 54
Growth DCF
Growth DCF kr 8.45 kr 10.44 kr 12.55 80
Rev-Margin DCF kr 8.11 kr 11.71 kr 15.54 73

Open the full fair value analysis →

Quality Score breakdown

Overall quality 56/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 20
How much profit the company makes from its sales and capital
Quality Growth 46
Are margins and returns getting better?
Cashflow 52
Do the profits arrive as real cash?
Financial strength 62
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 36
How calm the share price moves, does not count
Price momentum 27
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 12
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 23/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−9.4%
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.
−9.1%
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.
+0.1%
Start year 2020 (pandemic). Over 10 years: +6.5% a year
Revenue growth 12 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%
Profit margin (trend) ⓘ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.
15.0% (2020) → −1.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+15.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +13.0% a year for the price.

GARO screens overvalued: fair value 15% below the price. Compare with Contemporary Amperex Technology Co →

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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 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 56 · Above median
Fair Value upside −14.7% · Above median
Profitability
Return on assets −1.7% · Bottom 25%
Net margin (12 months) −4.5% · Bottom 25%
Operating margin (12 months) −8.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 2.2% · Below median
Balance sheet
Debt / equity 0.03× · Below median

Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper

P/B 1.16× · Cheapest 25%
P/S (12 months) 0.59× · Cheapest 25%
Price / free cash flow (fiscal year) 13.2× · Cheapest 25%
EV/EBITDA 25.1× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)14 · sector 0
FUTURE (revenue growth)11 · sector 66
PAST (return on equity)0 · sector 25
HEALTH (low debt)99 · sector 97
DIVIDEND (yield)0 · sector 23

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Contemporary Amperex Technology Co 300750 ¥254.22 ¥648.35 +155% vs GARO
Sungrow Power Supply Co 300274 ¥81.97 ¥182.32 +122% vs GARO
NARI Technology Co 600406 ¥23.86 ¥29.39 +23% vs GARO
Vertiv Holdings VRT $182.86 $178.64 −2% vs GARO
Prysmian S.p.A PRY €101.00 €64.29 −36% vs GARO
Legrand SA LR €129.65 €82.49 −36% vs GARO
ABB Ltd ABBN CHF 66.98 CHF 29.62 −56% vs GARO
Samsung SDI Co 006400 468,000 KRW 153,766 KRW −67% vs GARO
Delta Electronics (Thailand) Public Company DELTA 177.00 THB 39.14 THB −78% vs GARO
LG Energy Solution, Ltd 373220 337,500 KRW 53,325 KRW −84% vs GARO

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Garo AB: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Garo AB Fair Value". https://www.fairvalue-calculator.com/stock/GARO

Frequently asked questions

Is Garo AB (GARO) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of kr 10.44 versus a price of kr 12.24, about 15% lower (overvalued).
What is the fair value of GARO?
Our model-based fair value for Garo AB is kr 10.44 (as of Nov 7, 2026), built from audited fundamentals. The current price: kr 12.24.
What is the quality score of GARO?
Garo AB has a Quality Score of 56/100. 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 Garo AB (GARO)?
Our model-based price target is the fair value of kr 10.44 (as of Nov 7, 2026) from 11 valuation models. Cautious scenario kr 8.04, optimistic scenario kr 12.55. It is a calculation from audited fundamentals, not an analyst target.
What is the Garo AB stock forecast for 2026?
Our models put fair value at kr 10.44, about 15% lower versus a price of kr 12.24 (overvalued). Cautious scenario kr 8.04, optimistic scenario kr 12.55. The calculation is refreshed regularly with new filings.
What is the revenue of Garo AB (GARO)?
Garo AB reported trailing-twelve-month revenue of about 1.0B SEK (latest available figure, as of Nov 7, 2026).
What growth is priced into Garo AB (GARO)?
For today's price to be fair in a discounted-cash-flow model, Garo AB would have to grow free cash flow by +15.3 % per year for five years (discount rate 13.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.1 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of GARO use?
Our models discount Garo AB at 13.4 %: a base by market capitalisation (micro), damped by beta 1.30, 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 Garo AB that is +15.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.4 %) and the same formula as our fair value.
How much growth has Garo AB (GARO) delivered so far?
Over the past 5 years revenue at Garo AB grew +0.1 % a year. The price currently implies free-cash-flow growth of +15.3 % 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 Garo AB (GARO) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Garo AB (+15.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Garo AB (GARO)?
The free-cash-flow yield on the price is 7.57 %: that much free cash flow Garo AB produces per unit of market value. When it exceeds the discount rate of our models (13.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Garo AB (GARO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Garo AB it is kr 10.44 per share (as of Nov 7, 2026), against a price of kr 12.24. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Garo AB stock overvalued or undervalued in 2026?
As of Nov 7, 2026, GARO trades above its calculated fair value: price kr 12.24, fair value kr 10.44, a gap of about −15% (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 GARO?
No. The price is what the market pays today (kr 12.24); the fair value is what the company's own numbers justify (kr 10.44). For Garo AB the two are kr 1.80 per share apart. That gap is exactly why we show both numbers side by side.
How much is Garo AB worth?
The market values Garo AB at about 612M SEK (market capitalisation, as of Nov 7, 2026). Per share that is kr 12.24; our models calculate a fair value of kr 10.44 per share.
What do the bullish and bearish scenarios say about GARO?
Our models span a range for Garo AB: cautious scenario kr 8.04, base kr 10.44, optimistic kr 12.55 per share (as of Nov 7, 2026, price kr 12.24). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Garo AB (GARO)?
Balance-sheet figures for Garo AB (as of Nov 7, 2026): return on equity −8.9%, debt of 0.03 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is GARO from its 52-week high?
Garo AB trades at kr 12.24, about 34% below its 52-week high of kr 18.66 and 15% above the low of kr 10.66 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 10.44 is for.
Which stocks are comparable to Garo 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 Garo AB stock attractive at the current price?
The data as of Nov 7, 2026: price kr 12.24, calculated fair value kr 10.44 (−15%), Quality Score 56/100, from 11 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 GARO calculated?
We run Garo AB through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of kr 10.44 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. Garo 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 Garo AB (GARO)?
The closing price on Nov 6, 2026 was kr 12.24. Our model-based fair value is kr 10.44, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Garo AB right now?
Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Key figures of Garo AB

How large is the market capitalisation of Garo AB (GARO)?
The market capitalisation of Garo AB is 612M SEK (≈ $61.9M). 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 Garo AB (GARO)?
The price-to-sales ratio of Garo AB is 0.57 (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 Garo AB (GARO)?
Earnings per share at Garo AB are kr −0.9300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Garo AB (GARO)?
The net margin of Garo AB is −4.5% (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 Garo AB (GARO)?
The return on equity (ROE) of Garo AB is −8.9% (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 Garo AB (GARO)?
On an EBIT basis the return on assets of Garo AB is 8.2% (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 Garo AB (GARO)?
The operating margin of Garo AB is −8.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Garo AB (GARO)?
Revenue at Garo AB is growing +2.2% versus a year earlier (3y avg −9.1%). 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 Garo AB (GARO)?
Earnings per share at Garo AB are growing −98.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Garo AB (GARO) carry?
The net debt of Garo AB is 240M SEK (fiscal year 2025, ≈ 5.2 yrs of FCF). 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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