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Klarna Group plc (KLAR) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Klarna Group plc stock $10.74, price $13.14, that is 18.3% below the price, quality 43 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Financial Services US · Home United Kingdom · ISIN GB00BMHVL512

KG Klarna Group plc logo Thin data Nov 10, 2026

Klarna Group plc

KLAR · US
Expensive, weak quality

Our calculation puts a fair price 18% below what the stock costs today.

Revenue last quarter +27% vs. a year ago.
Quality 43/100
Expensive Growth (revenue 5y +21.4 %/yr in USD)
Neutral coverage
Insiders bought $10.0M (6M)
Fair value $10.74 · Overvalued
Loss-making · -3.5% net margin (TTM)
Trails peers (4/11)
Narrow moat 18/100 · thin data
Thin data
Estimate

What runs behind every stock

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

Price vs Fair Value

$45.82 $12.27 Fair Value $10.74 Sep 2025 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

14‑month range $12.27 – $45.82 · fair‑value band $8.06 – $13.43 · the $13.14 price screens above the $10.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Klarna Group plc operates as a digital bank and flexible payments provider in the United Kingdom, the United States, Germany, Sweden, and internationally.

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The company provides payment solutions, such as pay in full solution that settles purchases at time of the transaction; pay later solution that enables customers to purchase goods and services at the time of the transaction and pay the full amount at a later date; and fair financing that allows consumers to pay for their purchase over a long duration ranges from three to 48 months.

It also offers advertising solutions that include sponsored search, affiliate programs, and brand advertisement; digital retail banking solutions, such as deposit and saving account, financial insights, and Klarna balance that allow consumer to hold monetary balance with Klarna balance solutions; and payment channels, including Klarna payment, Klarna app, Klarna card, and Klarna in-store.

Additionally, the company provides membership programs, product search and price comparison, cashback offers and merchant deals, loyalty cards, wish lists, delivery tracking and returns, AI-enabled support, Klarna memberships, Klarna merchant portal, and on-site messaging solutions.

The company was formerly known as Klarna UK II plc and changed its name to Klarna Group plc in December 2023. Klarna Group plc was founded in 2005 and is based in London, United Kingdom.

Stock analysis

Klarna Group plc (KLAR) currently trades at $13.14, while our estimate is $10.74, 18% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: $8.06 (bear) to $13.43 (bull), the price of $13.14 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 43/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Klarna Group plc reported revenue of $3.5B in FY2025 versus $1.6B in FY2021, a compound +21.3%/yr. Reported net income was −$294M in FY2025.

Key figures

Market cap $5.0B Mid · P/S ratio 1.25 · EPS (TTM) $−0.3700 · Net margin −3.5% · Return on equity −4.3% · Return on assets (EBIT) −3.8% (5-year average) · Operating margin 3.0% · Revenue (TTM) $4.0B.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (low confidence).

What moves the price

The share trades about 65% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −1% fair-value upside, at −18%, KLAR screens richer than that median.

Fair Value

Bear $8.06 Fair Value $10.74 Bull $13.43
Price $13.14 · Downside -18.3%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 43/100

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

Profitability 6
How much profit the company makes from its sales and capital
Quality Growth 36
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 67
Debt, balance sheet and risk of trouble
Investment 69
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 13
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 65
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, one officer or director bought shares worth $10.0M, on Aug 26, 2026.

  • BuySebastian SiemiatkowskiChief Executive Officer, Director692,506 shares at $14.37$10.0MAug 26, 2026

Plus 11 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 10, 2026. All filings at the SEC ↗

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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+31.6%
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.
+23.0%
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.
+21.4%
Start year 2020 (pandemic)
Revenue growth 9 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.
+27.7%
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.
−14.0% (2020) → −6.5% (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

KLAR screens overvalued: fair value 18% below the price. Compare with Visa Inc →

Earlier news

News mood ⓘNews mood, the average tone of recent news (99 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. Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.

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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.Credit Services · 325 stocks

Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 43 · Below median
Fair Value upside −18.3% · Below median
Profitability
Return on assets −1.6% · Bottom 25%
Net margin (12 months) −3.5% · Bottom 25%
Operating margin (12 months) 3.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 26.6% · Above median
Balance sheet
Debt / equity 0.50× · Below median

Valuation Multiplesvs Credit Services median · lower = cheaper

P/B 1.99× · Priciest 25%
P/S (12 months) 1.23× · Cheapest 25%
PEG 0.08× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)9 · sector 47
FUTURE (revenue growth)100 · sector 55
PAST (return on equity)0 · sector 34
HEALTH (low debt)–
DIVIDEND (yield)0 · sector 63

HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.

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 Credit Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Synchrony Financial, SYF $71.70 $141.92 +98% vs KLAR
PayPal Holdings PYPL $58.78 $107.45 +83% vs KLAR
Shriram Finance Limited SHRIRAMFIN ₹965.00 ₹1,309 +36% vs KLAR
Affirm Holdings AFRM $65.95 $74.92 +14% vs KLAR
Bajaj Finance Limited BAJFINANCE ₹1,065 ₹1,055 −1% vs KLAR
American Express Company AXP $323.46 $210.02 −35% vs KLAR
Visa Inc V $423.00 $242.87 −43% vs KLAR
Mastercard Incorporated MA $658.84 $360.13 −45% vs KLAR
Capital One Financial Corporation COF $195.84 $106.81 −45% vs KLAR
SoFi Technologies, Inc SOFI $16.37 $5.51 −66% vs KLAR

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Klarna Group plc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Klarna Group plc Fair Value". https://www.fairvalue-calculator.com/stock/KLAR

Frequently asked questions

Is Klarna Group plc (KLAR) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is $10.74 versus a price of $13.14, about 18% lower (overvalued).
What is the fair value of KLAR?
Our estimate for Klarna Group plc is $10.74 (as of Nov 10, 2026), built from audited fundamentals. The current price: $13.14.
What is the quality score of KLAR?
Klarna Group plc has a Quality Score of 43/100. 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 Klarna Group plc (KLAR)?
Our calculated price target is the estimate of $10.74 (as of Nov 10, 2026). Cautious scenario $8.06, optimistic scenario $13.43. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Klarna Group plc stock forecast for 2026?
Our estimate puts fair value at $10.74, about 18% lower versus a price of $13.14 (overvalued). Cautious scenario $8.06, optimistic scenario $13.43. The calculation is refreshed regularly with new filings.
What is the revenue of Klarna Group plc (KLAR)?
Klarna Group plc reported trailing-twelve-month revenue of about $4.0B (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Klarna Group plc (KLAR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Klarna Group plc it is $10.74 per share (as of Nov 10, 2026), against a price of $13.14.
Is Klarna Group plc stock overvalued or undervalued in 2026?
As of Nov 10, 2026, KLAR trades above its calculated fair value: price $13.14, fair value $10.74, a gap of about −18% (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 KLAR?
No. The price is what the market pays today ($13.14); the fair value is what the company's own numbers justify ($10.74). For Klarna Group plc the two are $2.40 per share apart. That gap is exactly why we show both numbers side by side.
How much is Klarna Group plc worth?
The market values Klarna Group plc at about $5.0B (market capitalisation, as of Nov 10, 2026). Per share that is $13.14; our models calculate a fair value of $10.74 per share.
What do the bullish and bearish scenarios say about KLAR?
Our models span a range for Klarna Group plc: cautious scenario $8.06, base $10.74, optimistic $13.43 per share (as of Nov 10, 2026, price $13.14). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of KLAR?
The PEG ratio of Klarna Group plc is 0.08 (P/E divided by earnings growth, as of Nov 10, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Klarna Group plc (KLAR)?
Balance-sheet figures for Klarna Group plc (as of Nov 10, 2026): return on equity −4.3%, debt of 0.50 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is KLAR from its 52-week high?
Klarna Group plc trades at $13.14, about 65% below its 52-week high of $37.65 and 7% above the low of $12.27 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of $10.74 is for.
Which stocks are comparable to Klarna Group plc?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, 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 Klarna Group plc stock attractive at the current price?
The data as of Nov 10, 2026: price $13.14, calculated fair value $10.74 (−18%), Quality Score 43/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Klarna Group plc 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 Klarna Group plc (KLAR)?
The closing price on Nov 10, 2026 was $13.14. Our estimate is $10.74, about 18% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Klarna Group plc right now?
Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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 Klarna Group plc

How large is the market capitalisation of Klarna Group plc (KLAR)?
The market capitalisation of Klarna Group plc is $5.0B. 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 Klarna Group plc (KLAR)?
The price-to-sales ratio of Klarna Group plc is 1.25 (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 Klarna Group plc (KLAR)?
Earnings per share at Klarna Group plc are $−0.3700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Klarna Group plc (KLAR)?
The net margin of Klarna Group plc is −3.5% (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 Klarna Group plc (KLAR)?
The return on equity (ROE) of Klarna Group plc is −4.3% (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 Klarna Group plc (KLAR)?
On an EBIT basis the return on assets of Klarna Group plc is −3.8% (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 Klarna Group plc (KLAR)?
The operating margin of Klarna Group plc is 3.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Klarna Group plc (KLAR)?
Revenue at Klarna Group plc is growing +26.6% versus a year earlier (3y avg +23.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Klarna Group plc (KLAR) generate?
The free cash flow of Klarna Group plc is −$1.0B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Klarna Group plc (KLAR) hold?
Klarna Group plc holds more cash than debt, $2.4B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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