PPI Public Property Invest AB (PUBLI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of PPI Public Property Invest AB stock SEK 3.48, price SEK 18.42, that is 81.1% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.
PPI Public Property Invest AB (publ), a real estate company, owns, develops, operates, and rents real estate properties in Norway, Sweden, Finland, and Denmark. The company property portfolio includes community service properties with government sector tenants, as well as rental of office spaces.
Show moreShow less
The company serves hospitals, police stations, courts, and nursing homes for elderly care, schools, and other public services. The company was formerly known as Public Property Invest ASA and changed its name to PPI Public Property Invest AB (publ) in May 2026.
PPI Public Property Invest AB (publ) was incorporated in 2018 and is headquartered in Stockholm, Sweden.
Stock analysis
PPI Public Property Invest AB (PUBLI) currently trades at kr 18.42, while our model-based Fair Value estimate is kr 3.48, 81% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of kr 25.94 per share, and 1 of the 9 models we run sit above the kr 18.42 price.
Bear case: the Dividend Discount group reads lowest at kr 1.04, and 8 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: kr 3.48 (bear) to kr 13.92 (bull), the price of kr 18.42 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 49/100 (below-average quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
PPI Public Property Invest AB reported revenue of 1.0B SEK in FY2025 versus 536M SEK in FY2022, a compound +23.5%/yr. Reported net income was 469M SEK in FY2025.
Key figures
Market cap 17.4B SEK (≈ $1.8B) Small · P/E ratio 47.2 · P/S ratio 5.60 · EPS (TTM) kr 0.3900 · Dividend yield 5.3% · Net margin 10.8% · Return on equity 2.4% · Return on assets (EBIT) 3.8% (4-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −81%, PUBLI screens richer than that median.
Fair Value models
Bearkr 3.48Fair Value kr 3.48Bullkr 13.92
Price kr 18.42 · Downside -81.1%
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.
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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+53.3%
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.
+23.5%
’22
’23
’24
’25
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
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).
+29.5%
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 +27.0% a year for the price.
Compare PPI Public Property Invest AB with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Real Estate Services · 472 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−81.1% · Bottom 25%
Profitability
Return on equity (12 months)2.4% · Below median
Return on assets0.8% · Below median
Net margin (12 months)10.8% · Below median
Operating margin (12 months)76.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)261.1% · Top 25%
Dividend yield (12 months)5.3% · Above median
Balance sheet
Debt / equity1.32× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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). "PPI Public Property Invest AB Fair Value". https://www.fairvalue-calculator.com/stock/PUBLI
Frequently asked questions
Is PPI Public Property Invest AB (PUBLI) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 3.48 versus a price of kr 18.42, about 81% lower (overvalued).
What is the fair value of PUBLI?
Our model-based fair value for PPI Public Property Invest AB is kr 3.48 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 18.42.
What is the quality score of PUBLI?
PPI Public Property Invest AB has a Quality Score of 49/100. 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 PPI Public Property Invest AB (PUBLI)?
Our model-based price target is the fair value of kr 3.48 (as of Nov 8, 2026) from 10 valuation models. Cautious scenario kr 3.48, optimistic scenario kr 13.92. It is a calculation from audited fundamentals, not an analyst target.
What is the PPI Public Property Invest AB stock forecast for 2026?
Our models put fair value at kr 3.48, about 81% lower versus a price of kr 18.42 (overvalued). Cautious scenario kr 3.48, optimistic scenario kr 13.92. The calculation is refreshed regularly with new filings.
Does PPI Public Property Invest AB pay a dividend?
PPI Public Property Invest AB currently shows a dividend yield of 5.31% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of PPI Public Property Invest AB (PUBLI) and when is the ex-dividend date?
PPI Public Property Invest AB pays a dividend of kr 0.978 per share a year, a dividend yield of 5.3%. The next ex-dividend date is Dec 29, 2026. Free cash flow covers the dividend 0.88 times. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What growth is priced into PPI Public Property Invest AB (PUBLI)?
For today's price to be fair in a discounted-cash-flow model, PPI Public Property Invest AB would have to grow free cash flow by +29.5 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +23.5 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of PUBLI use?
Our models discount PPI Public Property Invest AB at 9.8 %: a base by market capitalisation (small), damped by beta 0.57, 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 PPI Public Property Invest AB that is +29.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has PPI Public Property Invest AB (PUBLI) delivered so far?
Over the past 3 years revenue at PPI Public Property Invest AB grew +23.5 % a year. The price currently implies free-cash-flow growth of +29.5 % 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 PPI Public Property Invest AB (PUBLI) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into PPI Public Property Invest AB (+29.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of PPI Public Property Invest AB (PUBLI)?
The free-cash-flow yield on the price is 4.59 %: that much free cash flow PPI Public Property Invest AB produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of PPI Public Property Invest AB (PUBLI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PPI Public Property Invest AB it is kr 3.48 per share (as of Nov 8, 2026), against a price of kr 18.42. It is the blended result of 10 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is PPI Public Property Invest AB stock overvalued or undervalued in 2026?
As of Nov 8, 2026, PUBLI trades above its calculated fair value: price kr 18.42, fair value kr 3.48, a gap of about −81% (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 PUBLI?
No. The price is what the market pays today (kr 18.42); the fair value is what the company's own numbers justify (kr 3.48). For PPI Public Property Invest AB the two are kr 14.94 per share apart. That gap is exactly why we show both numbers side by side.
How much is PPI Public Property Invest AB worth?
The market values PPI Public Property Invest AB at about 17.4B SEK (market capitalisation, as of Nov 8, 2026). Per share that is kr 18.42; our models calculate a fair value of kr 3.48 per share.
What do the bullish and bearish scenarios say about PUBLI?
Our models span a range for PPI Public Property Invest AB: cautious scenario kr 3.48, base kr 3.48, optimistic kr 13.92 per share (as of Nov 8, 2026, price kr 18.42). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PUBLI?
PPI Public Property Invest AB trades at a price-to-earnings ratio of 47.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 3.48 is built from several models across several years. Other multiples: P/B 0.8, P/S 5.6, EV/EBITDA 40.9.
How solid is the balance sheet of PPI Public Property Invest AB (PUBLI)?
Balance-sheet figures for PPI Public Property Invest AB (as of Nov 8, 2026): return on equity 2.4%, debt of 1.32 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
Which stocks are comparable to PPI Public Property Invest AB?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties 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 PPI Public Property Invest AB stock attractive at the current price?
The data as of Nov 8, 2026: price kr 18.42, calculated fair value kr 3.48 (−81%), Quality Score 49/100, from 10 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 PUBLI calculated?
We run PPI Public Property Invest AB through 10 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of kr 3.48 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 13.0% above its aggregate fair value. PPI Public Property Invest 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 PPI Public Property Invest AB (PUBLI)?
The closing price on Nov 6, 2026 was kr 18.42. Our model-based fair value is kr 3.48, about 81% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PPI Public Property Invest AB right now?
The price sits above even our optimistic bull case (kr 13.92). The favourable scenario is already priced in. Weak quality (49/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (kr 3.48 to kr 13.92). 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.
Key figures of PPI Public Property Invest AB
How large is the market capitalisation of PPI Public Property Invest AB (PUBLI)?
The market capitalisation of PPI Public Property Invest AB is 17.4B SEK (≈ $1.8B). 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 PPI Public Property Invest AB (PUBLI)?
The price-to-sales ratio of PPI Public Property Invest AB is 5.60 (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 PPI Public Property Invest AB (PUBLI)?
Earnings per share at PPI Public Property Invest AB are kr 0.3900 (price ÷ EPS = P/E 47.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PPI Public Property Invest AB (PUBLI)?
The dividend yield of PPI Public Property Invest AB is 5.3%. 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 PPI Public Property Invest AB (PUBLI)?
The net margin of PPI Public Property Invest AB is 10.8% (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 PPI Public Property Invest AB (PUBLI)?
The return on equity (ROE) of PPI Public Property Invest AB is 2.4% (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 PPI Public Property Invest AB (PUBLI)?
On an EBIT basis the return on assets of PPI Public Property Invest AB is 3.8% (avg 4y). 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 PPI Public Property Invest AB (PUBLI)?
The operating margin of PPI Public Property Invest AB is 76.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PPI Public Property Invest AB (PUBLI)?
Revenue at PPI Public Property Invest AB is growing +261% versus a year earlier (3y avg +23.5%). 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 PPI Public Property Invest AB (PUBLI)?
Earnings per share at PPI Public Property Invest AB are growing −58.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does PPI Public Property Invest AB (PUBLI) carry?
The net debt of PPI Public Property Invest AB is 27.3B SEK (fiscal year 2025, ≈ 34.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch PPI Public Property Invest AB in the live analysis
One click puts PPI Public Property Invest AB on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 8, 2026