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STOCK COMPARISON

H & M Hennes & Mauritz AB (publ) vs Page Industries: Fair Value & Quality

Both stocks run through our valuation models. Here is how H & M Hennes & Mauritz AB (publ) (HM-B) and Page Industries (PAGEIND) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees H & M Hennes & Mauritz AB (publ) as the less overvalued of the two: H & M Hennes & Mauritz AB (publ) trades at SEK 176 versus a fair value of SEK 165 (-6%), while Page Industries trades at ₹36,300 versus ₹12,395 (-66%).
H & M Hennes & Mauritz AB (publ)
HM-B.ST · SEK · Consumer Discretionary
-6%
upside to fair value
fairly valued
PriceSEK 176
Fair ValueSEK 165
Quality72/100
Page Industries
PAGEIND.NSE · INR · Consumer Discretionary
-66%
upside to fair value
overvalued
Price₹36,300
Fair Value₹12,395
Quality79/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

H & M Hennes & Mauritz AB (publ)Page Industries
Valuation
21.3×P/E (TTM)58.1×
1.19×P/S (TTM)8.48×
6.10×P/B29.62×
10.8×EV/EBITDA40.0×
2.59×PEG
−5.7%Fair value upside−65.9%
4.0%Dividend yield1.7%
SEK 7.10Dividend per share₹600
Profitability
11%Operating margin19%
4.76×EBIT margin trend (5Y)1.18×
35%Return on equity53%
7%Return on assets24%
Growth
-3%Revenue growth (YoY)14%
0.7%Avg. growth/yr (3Y)3.9%
4.1%Avg. growth/yr (5Y)13.6%
+8.6%Value creation/yr+19.0%
Balance & size
7.0×Interest coverage (EBIT/interest)21.0×
0.43×Debt / equity0.01×
$27BMarket cap$5B
mixedGrowth qualityhealthy

Page Industries leads: 7 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

H & M Hennes & Mauritz AB (publ)of which business quality 69 · market factors 64 Page Industriesof which business quality 77 · market factors 51
ProfitabilityMargins and returns on capital today
76
93
Quality GrowthAre margins and returns improving?
37
53
CashflowEarnings quality: real cash, not paper profit
65
60
Fin. StrengthBalance sheet, leverage, solvency risk
58
82
InvestmentDisciplined investing over empire-building
96
91
Low VolatilityCalm price path (market factor)
69
90
MomentumPrice trend over the last 3–12 months (market factor)
54
41
52W MomentumDistance to the 52-week high (market factor)
74
25
Net IssuanceBuybacks instead of dilution
89
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyH & M Hennes & Mauritz AB (publ)Price SEK 176Page IndustriesPrice ₹36,300
DCF Models+45%above the priceSEK 255-49%below the price₹18,475
Earnings-Based-52%below the priceSEK 84.94-65%below the price₹12,566
Dividend Discountn/a-68%below the price₹11,462
Multiples+4%close to the priceSEK 182-75%below the price₹9,255
Asset-Based-88%below the priceSEK 20.51-98%below the price₹903
Growth DCF+39%above the priceSEK 244-58%below the price₹15,345
Economic Profit-37%below the priceSEK 110-78%below the price₹7,938
Growth Earnings-8%close to the priceSEK 162-50%below the price₹18,040
Minimum-88%below the priceSEK 20.51-98%below the price₹903
Maximum+45%above the priceSEK 255-49%below the price₹18,475
Median-8%close to the priceSEK 162-67%below the price₹12,014
Geometric mean-32%below the priceSEK 120-75%below the price₹9,143

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

H & M Hennes & Mauritz AB (publ): 11 of 24 models see the stock below the current price.

Page Industries: 26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

H & M Hennes & Mauritz AB (publ)
Bear SEK 111Fair Value SEK 165Bull SEK 225
SEK 176 = current price (white tick)
Page Industries
Bear ₹8,790Fair Value ₹12,395Bull ₹19,502
₹36,300 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

H & M Hennes & Mauritz AB (publ) · Consumer Discretionary

Quality score72 · Top 25%
Fair value upside-6% · above median

Page Industries · Consumer Discretionary

Quality score79 · Top 25%
Fair value upside-66% · bottom 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees H & M Hennes & Mauritz AB (publ) as the less overvalued of the two: H & M Hennes & Mauritz AB (publ) trades at SEK 176 versus a fair value of SEK 165 (-6%), while Page Industries trades at ₹36,300 versus ₹12,395 (-66%).

Page Industries has the higher quality score (79/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.