Skanska AB (0HBT) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Skanska AB SEK 234, price SEK 276, upside -15.2%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Skanska AB for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range kr 116.30 – kr 285.70 · fair‑value band kr 166.97 – kr 303.88 · the kr 275.80 price screens above the kr 233.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
Skanska AB (publ) operates as a construction and project development company in the Nordics, Europe, and the United States. It operates through four segments: Construction, Residential Development, Commercial Property Development, and Investment Properties.
Show more
Skanska AB (publ) operates as a construction and project development company in the Nordics, Europe, and the United States. It operates through four segments: Construction, Residential Development, Commercial Property Development, and Investment Properties. The Construction segment builds social infrastructure, including schools, hospitals, healthcare, and judicial buildings; mass transit comprising rails, subways, and airports; highways, bridges, and tunnels; data centers and advanced tech manufacturing buildings/facilities; energy; defense-related buildings and infrastructure; offices, manufacturing, and other commercial buildings; and residential multifamily buildings. Its Residential Development segment develops and builds single and multifamily homes. The Commercial Property Development segment initiates, develops, leases, and divests in offices, life-science, and logistics and commercial warehouses, as well as residential rental properties. Its Investment Properties segment invests and manages office properties. The company was formerly known as Skånska Cementgjuteriet and changed its name to Skanska AB (publ) in December 1983. Skanska AB (publ) was founded in 1887 and is headquartered in Stockholm, Sweden.
Stock analysis
Skanska AB (0HBT) currently trades at kr 275.80, while our model-based Fair Value estimate is kr 233.93, 15.2% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of kr 388.63 per share, and 10 of the 22 models we run sit above the kr 275.80 price.
Bear case: the Asset-Based group reads lowest at kr 88.69, and 12 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 166.97 (bear) to kr 303.88 (bull), the price of kr 275.80 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 44/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Skanska AB reported revenue of 144B SEK in FY2021 versus 158B SEK in FY2017, a compound −2.3%/yr. Reported net income was 6.9B SEK in FY2021, compounding +13.8%/yr from FY2017.
Key figures
Market cap 95.2B SEK (≈ $9.5B) · P/S ratio 0.55 · Dividend yield 3.1% · Net margin 4.8% · Return on equity 11.1% · Return on assets (EBIT) 6.2% · Operating margin 5.0% · Revenue (TTM) 174B SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 20% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at −15%, 0HBT screens cheaper than that median.
Fair Value models
Bear kr 166.97Fair Value kr 233.93Bull kr 303.88
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−10.3%
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.
−5.7%
’17
’18
’19
’20
’21
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.
2.9% (2017) → 5.8% (2021)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
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.Engineering & Construction · 789 stocks
Beats the industry median on 10/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score44 · Below median
Profitability
Return on equity (TTM)11.1% · Above median
Return on assets2.6% · Above median
Net margin (TTM)3.8% · Above median
Operating margin (TTM)5.0% · Above median
Growth and dividend
Revenue growth4.1% · Above median
Dividend yield (TTM)3.1% · Above median
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Engineering & Construction 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). "Skanska AB Fair Value". https://www.fairvalue-calculator.com/stock/0HBT
Frequently asked questions
Is Skanska AB (0HBT) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of kr 233.93 versus a price of kr 275.80, about −15% upside (overvalued).
What is the fair value of 0HBT?
Our model-based fair value for Skanska AB is kr 233.93 (as of Oct 3, 2026), built from audited fundamentals. The current price: kr 275.80.
What is the quality score of 0HBT?
Skanska AB has a Quality Score of 44/100. 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 Skanska AB (0HBT)?
Our model-based price target is the fair value of kr 233.93 (as of Oct 3, 2026) from 22 valuation models. Cautious scenario kr 166.97, optimistic scenario kr 303.88. It is a calculation from audited fundamentals, not an analyst target.
What is the Skanska AB stock forecast for 2026?
Our models put fair value at kr 233.93, about −15% upside versus a price of kr 275.80 (overvalued). Cautious scenario kr 166.97, optimistic scenario kr 303.88. The calculation is refreshed regularly with new filings.
What is the revenue of Skanska AB (0HBT)?
Skanska AB reported trailing-twelve-month revenue of about 174B SEK (latest available figure, as of Oct 3, 2026).
Does Skanska AB pay a dividend?
Skanska AB currently shows a dividend yield of about 3.08% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of Skanska AB (0HBT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Skanska AB it is kr 233.93 per share (as of Oct 3, 2026), against a price of kr 275.80. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Skanska AB stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 0HBT trades above its calculated fair value: price kr 275.80, fair value kr 233.93, a gap of about −15% (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 0HBT?
No. The price is what the market pays today (kr 275.80); the fair value is what the company's own numbers justify (kr 233.93). For Skanska AB the two are kr 41.87 per share apart. That gap is exactly why we show both numbers side by side.
How much is Skanska AB worth?
The market values Skanska AB at about 95.2B SEK (market capitalisation, as of Oct 3, 2026). Per share that is kr 275.80; our models calculate a fair value of kr 233.93 per share.
What do the bullish and bearish scenarios say about 0HBT?
Our models span a range for Skanska AB: cautious scenario kr 166.97, base kr 233.93, optimistic kr 303.88 per share (as of Oct 3, 2026, price kr 275.80). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Skanska AB (0HBT)?
Balance-sheet figures for Skanska AB (as of Oct 3, 2026): return on equity 11.1%, debt of 0.07 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 0HBT from its 52-week high?
Skanska AB trades at kr 275.80, about 3% below its 52-week high of kr 285.70 and 20% above the low of kr 229.90 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 233.93 is for.
Which stocks are comparable to Skanska AB?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro 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 Skanska AB stock attractive at the current price?
The data as of Oct 3, 2026: price kr 275.80, calculated fair value kr 233.93 (−15%), Quality Score 44/100, from 22 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 0HBT calculated?
We run Skanska AB through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 233.93, 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 14.5 % above its aggregate fair value. Skanska 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 Skanska AB (0HBT)?
The closing price on Oct 2, 2026 was kr 275.80. Our model-based fair value is kr 233.93, about −15% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Skanska AB right now?
Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (kr 166.97 to kr 303.88) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Skanska AB
How large is the market capitalisation of Skanska AB (0HBT)?
The market capitalisation of Skanska AB is 95.2B SEK (≈ $9.5B). 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 Skanska AB (0HBT)?
The price-to-sales ratio of Skanska AB is 0.55 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Skanska AB (0HBT)?
The dividend yield of Skanska AB is 3.1%. 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 Skanska AB (0HBT)?
The net margin of Skanska AB is 4.8% (fiscal year 2021). 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 Skanska AB (0HBT)?
The return on equity (ROE) of Skanska AB is 11.1% (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 Skanska AB (0HBT)?
On an EBIT basis the return on assets of Skanska AB is 6.2% (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 Skanska AB (0HBT)?
The operating margin of Skanska AB is 5.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Skanska AB (0HBT)?
Revenue at Skanska AB is growing +4.1% versus a year earlier (3y avg −5.7%). 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 Skanska AB (0HBT)?
Earnings per share at Skanska AB are growing +52.4% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch Skanska AB in the live analysis
One click puts Skanska AB on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
