NYAB AB (NYAB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of NYAB AB stock SEK 13.44, price SEK 7.78, upside +72.8%, quality 71 out of 100. Rating: strongly undervalued. 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 7, 2026.
How to read this chart
60‑month range kr 0.3445 – kr 9.85 · fair‑value band kr 7.17 – kr 19.65 · the kr 7.78 price screens below the kr 13.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Nyab AB (publ) engages in the provision of advisory, engineering, project management, construction, and maintenance services to energy, infrastructure, and industrial construction projects for public and private sectors in Finland, Sweden, Norway, and internationally.
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It also offers land improvement, and maintenance and repair construction project services. Nyab AB (publ) was founded in 1990 and is headquartered in Luleå, Sweden.
Stock analysis
NYAB AB (NYAB) currently trades at kr 7.78, while our model-based Fair Value estimate is kr 13.44, implying the stock looks roughly 42% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 15.10 per share, and 15 of the 26 models we run sit above the kr 7.78 price.
Bear case: the Dividend Discount group reads lowest at kr 1.48, and 11 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: kr 7.17 (bear) to kr 19.65 (bull), the price of kr 7.78 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 71/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
NYAB AB reported revenue of €547M in FY2025 versus €41.6M in FY2021, a compound +90.4%/yr. Reported net income was €21.3M in FY2025.
Key figures
Market cap 5.5B SEK (≈ $561M) Small · P/E ratio 17.7 · P/S ratio 0.69 · EPS (TTM) kr 0.4400 · Dividend yield 0.2% · Net margin 3.9% · Return on equity 14.5% · Return on assets (EBIT) 6.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (medium confidence).
What moves the price
The share trades about 5% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at 73%, NYAB screens cheaper than that median.
Fair Value models
Bearkr 7.17Fair Value kr 13.44Bullkr 19.65
Price kr 7.78 · Upside +72.8%
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 0.3653 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+58.1%
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.
+29.3%
’21
’22
’23
’24
’25
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.
+9.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.4%
Dividend (yield on the price)0.2%
Profit margin 2021 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.−2% → 6%
Growth Forecast
Little optimism in the price
The price assumes less 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).
+3.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +0.9% a year for the price.
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.Engineering & Construction · 791 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+72.8% · Top 25%
Profitability
Return on equity (12 months)14.5% · Above median
Return on assets6.1% · Top 25%
Net margin (12 months)5.0% · Above median
Operating margin (12 months)7.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)26.8% · Top 25%
Dividend yield (12 months)0.2% · Bottom 25%
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)17.7× · Pricier than median
P/B2.68× · Priciest 25%
P/S (12 months)0.92× · Pricier than median
Price / free cash flow (fiscal year)14.1× · Pricier than median
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). "NYAB AB Fair Value". https://www.fairvalue-calculator.com/stock/NYAB
Frequently asked questions
Is NYAB AB (NYAB) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of kr 13.44 versus a price of kr 7.78, about +73% upside (undervalued).
What is the fair value of NYAB?
Our model-based fair value for NYAB AB is kr 13.44 (as of Nov 7, 2026), built from audited fundamentals. The current price: kr 7.78.
What is the quality score of NYAB?
NYAB AB has a Quality Score of 71/100. 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 NYAB AB (NYAB)?
Our model-based price target is the fair value of kr 13.44 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario kr 7.17, optimistic scenario kr 19.65. It is a calculation from audited fundamentals, not an analyst target.
What is the NYAB AB stock forecast for 2026?
Our models put fair value at kr 13.44, about +73% upside versus a price of kr 7.78 (undervalued). Cautious scenario kr 7.17, optimistic scenario kr 19.65. The calculation is refreshed regularly with new filings.
What is the revenue of NYAB AB (NYAB)?
NYAB AB reported trailing-twelve-month revenue of about €606M (latest available figure, as of Nov 7, 2026).
Does NYAB AB pay a dividend?
NYAB AB currently shows a dividend yield of 0.18% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of NYAB AB (NYAB) and when is the ex-dividend date?
NYAB AB pays a dividend of kr 0.014 per share a year, a dividend yield of 0.2%. The last ex-dividend date was Apr 22, 2026. The payout ratio is 33.3% of earnings. Free cash flow covers the dividend 5.61 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 NYAB AB (NYAB)?
For today's price to be fair in a discounted-cash-flow model, NYAB AB would have to grow free cash flow by +3.1 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +90.4 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of NYAB use?
Our models discount NYAB AB at 11.0 %: a base by market capitalisation (small), 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 NYAB AB that is +3.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has NYAB AB (NYAB) delivered so far?
Over the past 4 years revenue at NYAB AB grew +90.4 % a year. The price currently implies free-cash-flow growth of +3.1 % 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 NYAB AB (NYAB) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into NYAB AB (+3.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of NYAB AB (NYAB)?
The free-cash-flow yield on the price is 7.96 %: that much free cash flow NYAB AB produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of NYAB AB (NYAB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NYAB AB it is kr 13.44 per share (as of Nov 7, 2026), against a price of kr 7.78. 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 NYAB AB stock overvalued or undervalued in 2026?
As of Nov 7, 2026, NYAB trades below its calculated fair value: price kr 7.78, fair value kr 13.44, a gap of about +73% (undervalued). 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 NYAB?
No. The price is what the market pays today (kr 7.78); the fair value is what the company's own numbers justify (kr 13.44). For NYAB AB the two are kr 5.66 per share apart. That gap is exactly why we show both numbers side by side.
How much is NYAB AB worth?
The market values NYAB AB at about 5.5B SEK (market capitalisation, as of Nov 7, 2026). Per share that is kr 7.78; our models calculate a fair value of kr 13.44 per share.
What do the bullish and bearish scenarios say about NYAB?
Our models span a range for NYAB AB: cautious scenario kr 7.17, base kr 13.44, optimistic kr 19.65 per share (as of Nov 7, 2026, price kr 7.78). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NYAB?
NYAB AB trades at a price-to-earnings ratio of 17.7 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 13.44 is built from several models across several years. Other multiples: P/B 2.7, P/S 0.9, EV/EBITDA 12.7.
How solid is the balance sheet of NYAB AB (NYAB)?
Balance-sheet figures for NYAB AB (as of Nov 7, 2026): return on equity 14.5%, debt of 0.02 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is NYAB from its 52-week high?
NYAB AB trades at kr 7.78, about 5% below its 52-week high of kr 8.19 and 39% above the low of kr 5.60 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 13.44 is for.
Which stocks are comparable to NYAB AB?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, 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 NYAB AB stock attractive at the current price?
The data as of Nov 7, 2026: price kr 7.78, calculated fair value kr 13.44 (+73%), Quality Score 71/100, 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 NYAB calculated?
We run NYAB 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 13.44 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. NYAB AB currently trades 42% 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 NYAB AB (NYAB)?
The closing price on Nov 6, 2026 was kr 7.78. Our model-based fair value is kr 13.44, about +73% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NYAB AB right now?
The model range is unusually wide (kr 7.17 to kr 19.65). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (71/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of NYAB AB
How large is the market capitalisation of NYAB AB (NYAB)?
The market capitalisation of NYAB AB is 5.5B SEK (≈ $561M). 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 NYAB AB (NYAB)?
The price-to-sales ratio of NYAB AB is 0.69 (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 NYAB AB (NYAB)?
Earnings per share at NYAB AB are kr 0.4400 (price ÷ EPS = P/E 17.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of NYAB AB (NYAB)?
The dividend yield of NYAB AB is 0.2% (payout 3.2%). 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 NYAB AB (NYAB)?
The net margin of NYAB AB is 3.9% (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 NYAB AB (NYAB)?
The return on equity (ROE) of NYAB AB is 14.5% (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 NYAB AB (NYAB)?
On an EBIT basis the return on assets of NYAB AB is 6.3% (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 NYAB AB (NYAB)?
The operating margin of NYAB AB is 7.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NYAB AB (NYAB)?
Revenue at NYAB AB is growing +26.8% versus a year earlier (3y avg +29.3%). 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 NYAB AB (NYAB)?
Earnings per share at NYAB AB are growing +80.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does NYAB AB (NYAB) carry?
The net debt of NYAB AB is €3.7M (fiscal year 2022, ≈ 0.1 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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Thin data
Nov 7, 2026