Ratos AB (0KBQ) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Ratos AB SEK 31.73, price SEK 37.02, upside -14.3%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Ratos AB (publ) is a private equity firm specializing in buyouts, turnarounds, add on acquisitions, and middle market transactions. The firm does not invest in early stages and in companies that operate in the arms industry, pornography, or are detrimental to the environment. It seeks to invest in unlisted medium sized companies.
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Ratos AB (publ) is a private equity firm specializing in buyouts, turnarounds, add on acquisitions, and middle market transactions. The firm does not invest in early stages and in companies that operate in the arms industry, pornography, or are detrimental to the environment. It seeks to invest in unlisted medium sized companies. The firm invests in industry and technology (including aftermarket information and training solutions, sustainable core material development, product and digital service development at the intersection between business strategy and technological development, secondary optics, camping and outdoor equipment, third-party logistics, and contract research for biotech and pharmaceutical companies,) construction and services (including electrification of rail infrastructure, maintenance of critical transportation infrastructure, technology and design of complex sustainable energy solutions, and Construction of commercial properties, public buildings and housing), consumer (including plants, flowers and related products) sectors. The firm typically invests in the Nordic region, with focus on Sweden, Finland, Denmark, and Norway. It seeks to invest in companies with equity investments between SEK250 million ($27.20 million) and SEK5000 million ($543.99 million), sales value between SEK300 million ($32.64 million) and SEK5000 million ($543.99million) and EBITDA greater than SEK50 million ($5.43 million). The firm takes both minority and majority stakes. The firm prefers to be the principal owner with a minimum holding of at least 20 percent and also seeks a board seat. It prefers to hold its investment between five to ten years. Ratos AB (publ) was founded in 1866 and is based in Stockholm, Sweden.
Stock analysis
Ratos AB (0KBQ) currently trades at kr 37.02, while our model-based Fair Value estimate is kr 31.73, 14.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of kr 45.14 per share, and 12 of the 23 models we run sit above the kr 37.02 price.
Bear case: the Dividend Discount group reads lowest at kr 7.27, and 11 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 23.80 (bear) to kr 39.66 (bull), the price of kr 37.02 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 58/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Ratos AB reported revenue of 20.9B SEK in FY2020 versus 25.2B SEK in FY2016, a compound −4.5%/yr. Reported net income was 693M SEK in FY2020.
Key figures
Market cap 16.6B SEK (≈ $1.7B) · P/S ratio 0.87 · Net margin 3.3% · Return on equity 0.3% · Return on assets (EBIT) 2.8% · Operating margin 17.0% · Revenue (TTM) 19.2B SEK · Revenue growth (YoY) +1.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 17% 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 −14%, 0KBQ screens cheaper than that median.
Fair Value models
Bear kr 23.80Fair Value kr 31.73Bull kr 39.66
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.38/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−1.6%
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.
−3.2%
’16
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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.
−0.9% (2016) → 7.0% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
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). "Ratos AB Fair Value". https://www.fairvalue-calculator.com/stock/0KBQ
Frequently asked questions
Is Ratos AB (0KBQ) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 31.73 versus a price of kr 37.02, about −14% upside (overvalued).
What is the fair value of 0KBQ?
Our model-based fair value for Ratos AB is kr 31.73 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 37.02.
What is the quality score of 0KBQ?
Ratos AB has a Quality Score of 58/100. 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 Ratos AB (0KBQ)?
Our model-based price target is the fair value of kr 31.73 (as of Sep 24, 2026) from 23 valuation models. Cautious scenario kr 23.80, optimistic scenario kr 39.66. It is a calculation from audited fundamentals, not an analyst target.
What is the Ratos AB stock forecast for 2026?
Our models put fair value at kr 31.73, about −14% upside versus a price of kr 37.02 (overvalued). Cautious scenario kr 23.80, optimistic scenario kr 39.66. The calculation is refreshed regularly with new filings.
What is the revenue of Ratos AB (0KBQ)?
Ratos AB reported trailing-twelve-month revenue of about 19.2B SEK (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Ratos AB (0KBQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ratos AB it is kr 31.73 per share (as of Sep 24, 2026), against a price of kr 37.02. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Ratos AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0KBQ trades above its calculated fair value: price kr 37.02, fair value kr 31.73, a gap of about −14% (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 0KBQ?
No. The price is what the market pays today (kr 37.02); the fair value is what the company's own numbers justify (kr 31.73). For Ratos AB the two are kr 5.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ratos AB worth?
The market values Ratos AB at about 16.6B SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 37.02; our models calculate a fair value of kr 31.73 per share.
What do the bullish and bearish scenarios say about 0KBQ?
Our models span a range for Ratos AB: cautious scenario kr 23.80, base kr 31.73, optimistic kr 39.66 per share (as of Sep 24, 2026, price kr 37.02). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0KBQ from its 52-week high?
Ratos AB trades at kr 37.02, about 8% below its 52-week high of kr 40.10 and 17% above the low of kr 31.58 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 31.73 is for.
Which stocks are comparable to Ratos 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 Ratos AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 37.02, calculated fair value kr 31.73 (−14%), Quality Score 58/100, from 23 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 0KBQ calculated?
We run Ratos AB through 23 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 31.73, 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. Ratos 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 Ratos AB (0KBQ)?
The closing price on Oct 2, 2026 was kr 37.02. Our model-based fair value is kr 31.73, about −14% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ratos AB right now?
Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Ratos AB
How large is the market capitalisation of Ratos AB (0KBQ)?
The market capitalisation of Ratos AB is 16.6B SEK (≈ $1.7B). 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 Ratos AB (0KBQ)?
The price-to-sales ratio of Ratos AB is 0.87 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Ratos AB (0KBQ)?
The net margin of Ratos AB is 3.3% (fiscal year 2020). 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 Ratos AB (0KBQ)?
The return on equity (ROE) of Ratos AB is 0.3% (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 Ratos AB (0KBQ)?
On an EBIT basis the return on assets of Ratos AB is 2.8% (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 Ratos AB (0KBQ)?
The operating margin of Ratos AB is 17.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ratos AB (0KBQ)?
Revenue at Ratos AB is growing +1.9% versus a year earlier (3y avg −3.2%). 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 Ratos AB (0KBQ)?
Earnings per share at Ratos AB are growing −67.6% versus a year earlier. How much earnings per share grew versus a year earlier.
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