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STOCK COMPARISON

NIBE Industrier AB (publ) vs SPG Co.: Fair Value & Quality

Both stocks run through our valuation models. Here is how NIBE Industrier AB (publ) (NIBE-B) and SPG Co. (058610) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees NIBE Industrier AB (publ) as the more attractively valued of the two: NIBE Industrier AB (publ) trades at SEK 40.14 versus a fair value of SEK 40.43 (+1%), while SPG Co. trades at KRW 101,700 versus KRW 9,187 (-91%).
NIBE Industrier AB (publ)
NIBE-B.ST · SEK · Industrials
+1%
upside to fair value
fairly valued
PriceSEK 40.14
Fair ValueSEK 40.43
Quality58/100
SPG Co.
058610.KQ · KRW · Industrials
-91%
upside to fair value
overvalued
PriceKRW 101,700
Fair ValueKRW 9,187
Quality58/100

Head-to-head numbers

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

NIBE Industrier AB (publ)SPG Co.
Valuation
29.9×P/E (TTM)—
1.76×P/S (TTM)—
2.37×P/B—
15.7×EV/EBITDA—
1.79×PEG—
1.0%Dividend yield2.0%
SEK 0.35Dividend per share—
Profitability
6%Net margin5%
9%Operating margin6%
8%Return on equity—
4%Return on assets5%
Growth
-0%Revenue growth (YoY)-2%
0.6%Avg. growth/yr (3Y)-2.3%
8.5%Avg. growth/yr (5Y)4.3%
Balance & size
0.53×Debt / equity0.04×
$8BMarket cap$1B
healthyGrowth qualityhealthy

NIBE Industrier AB (publ) leads: 5 to 3 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.

NIBE Industrier AB (publ)of which business quality 56 · market factors 44 SPG Co.of which business quality 58 · market factors 53
ProfitabilityMargins and returns on capital today
36
32
Quality GrowthAre margins and returns improving?
65
29
CashflowEarnings quality: real cash, not paper profit
51
64
Fin. StrengthBalance sheet, leverage, solvency risk
53
70
InvestmentDisciplined investing over empire-building
66
78
Low VolatilityCalm price path (market factor)
55
32
MomentumPrice trend over the last 3–12 months (market factor)
39
53
52W MomentumDistance to the 52-week high (market factor)
40
78
Net IssuanceBuybacks instead of dilution
82
82

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

NIBE Industrier AB (publ)

DCF ModelsSEK 37.40
Earnings-BasedSEK 15.96
Dividend DiscountSEK 5.98
MultiplesSEK 24.27
Asset-BasedSEK 11.37
Growth DCFSEK 45.05
Economic ProfitSEK 12.91
Growth EarningsSEK 24.90

20 of 25 models see the stock below the current price.

SPG Co.

DCF ModelsKRW 16,108
Earnings-BasedKRW 5,742
Dividend DiscountKRW 4,898
MultiplesKRW 10,946
Asset-BasedKRW 8,280
Growth DCFKRW 18,819
Economic ProfitKRW 9,705
Growth EarningsKRW 8,009

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.

NIBE Industrier AB (publ)
Bear SEK 26.52Fair Value SEK 40.43Bull SEK 53.42
SEK 40.14 = current price (white tick)
SPG Co.
Bear KRW 6,891Fair Value KRW 9,187Bull KRW 11,484
KRW 101,700 = 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.

NIBE Industrier AB (publ) · Industrials

Quality score58 · above median
Fair value upside+1% · above median

SPG Co. · Industrials

Quality score58 · above median
Fair value upside-91% · bottom 25%

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees NIBE Industrier AB (publ) as the more attractively valued of the two: NIBE Industrier AB (publ) trades at SEK 40.14 versus a fair value of SEK 40.43 (+1%), while SPG Co. trades at KRW 101,700 versus KRW 9,187 (-91%).

NIBE Industrier AB (publ) has the higher quality score (58/100).

See the full analysis →
NIBE Industrier AB (publ) · SPG Co.

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.