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Volvo AB Series A (0MHW) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Volvo AB Series A SEK 250, price SEK 315, upside -20.4%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Industrials · GB

VA Thin data Oct 3, 2026

Volvo AB Series A

0MHW · LSE

Overvalued / MonitorQuality is not strong enough to offset the price risk.

!Fair value kr 250.47 · Overvalued (−20.4%)
✓Quality 60/100
!Weak Growth (revenue 3y −1.6 %/yr)
!Thin margins · 7.6% net margin (TTM)
!Moderate debt
✓Ranks above peers (7/10)
!Moderate moat 53/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 6 out of 100
!Weak on future: 14 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

kr 371.20 kr 145.26 Fair Value kr 250.47 Jul 2021 Oct 2026

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 145.26 – kr 371.20 · fair‑value band kr 162.40 – kr 355.84 · the kr 314.80 price screens above the kr 250.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.

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Company profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania.

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AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company operates through Industrial Operations - Trucks, Industrial Operations - Construction Equipment, Industrial Operations - Buses, Industrial Operations - Volvo Penta, Industrial Operations - Group Functions & Other, and Financial Services segments. The company offers heavy-duty trucks for long-haulage and construction work, and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands. It also provides haulers, wheel loaders, excavators, road construction machines, and compact equipment under the Volvo, SDLG, and Rokbak brands. In addition, the company offers engines and power solutions for industrial off-highway applications and power generation, as well as for leisure boats, yachts, and commercial vessels under the Volvo Penta brand. Further, it provides customer support agreements, machine control systems, attachments, financing, and leasing; and insurance, rentals, spare parts, repairs, preventive maintenance, uptime and service agreements, and assistance services. It serves customers primarily in the transportation, infrastructure, construction, marine, industrial, and public transportation industries. The company offers its products and services through a network of dealers. AB Volvo (publ) was incorporated in 1915 and is headquartered in Gothenburg, Sweden.

Stock analysis

Volvo AB Series A (0MHW) currently trades at kr 314.80, while our model-based Fair Value estimate is kr 250.47, 20.4% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of kr 274.32 per share, and 4 of the 24 models we run sit above the kr 314.80 price.

Bear case: the Asset-Based group reads lowest at kr 46.51, and 20 of the 24 models stay below the price. Evidence for this calculation is low.

Scenario range: kr 162.40 (bear) to kr 355.84 (bull), the price of kr 314.80 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 60/100 (solid quality), in the Industrials sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

Volvo AB Series A reported revenue of 372B SEK in FY2021 versus 333B SEK in FY2017, a compound +2.8%/yr. Reported net income was 32.8B SEK in FY2021, compounding +12.5%/yr from FY2017.

Key figures

Market cap 370B SEK (≈ $36.9B) · P/E ratio 0.1 · P/S ratio 0.01 · EPS (TTM) kr 15.23 · Dividend yield 3.6% · Net margin 8.8% · Return on equity 20.9% · Return on assets (EBIT) 7.5%.

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 15% below its 52-week high and 27% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −40% fair-value upside, at −20%, 0MHW screens cheaper than that median.

Fair Value models

Bear kr 162.40 Fair Value kr 250.47 Bull kr 355.84
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.
Highest evidence
FCF DCF kr 153.26 kr 229.80 kr 338.68 76
Growth DCF kr 158.43 kr 229.73 kr 326.90 75
EPV kr 124.45 kr 148.64 kr 169.81 74
All 24 models by family
DCF Models
FCF DCF kr 153.26 kr 229.80 kr 338.68 76
5Y Revenue Exit kr 157.62 kr 252.22 kr 368.64 69
5Y EBITDA Exit kr 201.82 kr 330.68 kr 474.56 71
5Y P/E Exit kr 184.05 kr 299.13 kr 413.52 67
10Y Revenue Exit kr 148.86 kr 232.97 kr 336.84 63
10Y EBITDA Exit kr 181.99 kr 285.95 kr 413.89 65
10Y P/E Exit kr 170.90 kr 264.65 kr 369.48 61
Earnings-Based
Graham-Dodd kr 109.73 kr 254.34 kr 326.71 63
PEG = 1.0 kr 43.04 kr 61.48 kr 79.92 55
EPV kr 124.45 kr 148.64 kr 169.81 74
Dividend Discount
Gordon GGM kr 59.73 kr 100.94 kr 150.15 64
DDM Multi-Stage kr 59.73 kr 88.07 kr 119.46 64
Multiples
P/E Multiple kr 254.15 kr 338.87 kr 423.58 63
P/S Multiple kr 205.74 kr 274.32 kr 342.90 58
P/B Multiple kr 205.74 kr 274.32 kr 342.90 55
EV/EBIT kr 249.60 kr 339.69 kr 429.79 66
EV/EBITDA kr 265.37 kr 360.73 kr 456.08 67
EV/Revenue kr 172.22 kr 254.90 kr 337.57 53
Asset-Based
NCAV (Graham) kr 34.71 kr 46.51 kr 69.42 54
Growth DCF
Growth DCF kr 158.43 kr 229.73 kr 326.90 75
Rev-Margin DCF kr 157.62 kr 253.89 kr 356.65 69
Economic Profit
Residual Income kr 95.80 kr 116.63 kr 176.56 72
ROIC Compounder kr 130.14 kr 164.70 kr 202.70 69
Growth Earnings
Growth-Adj P/E kr 191.61 kr 273.73 kr 355.84 65

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Quality Score breakdown

Overall quality 60/100

Of which business quality 57 · Market factors (momentum, volatility) 54

Profitability 51
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)

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Revenue & earnings trend

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. 40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+10.0%
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.
−1.6%
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.
8.9% (2017) → 11.6% (2021)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
not computed

0MHW screens overvalued: fair value 20% below the price. Compare with Contemporary Amperex Technology Co →

Compare Volvo AB Series A with another stock

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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Construction Machinery & Heavy Trucks” was too small, so the broader sector is used.)Industrials · 5333 stocks

Beats the sector median on 7/10 measures
Overall it ranks above its sector peers.
Valuation
Quality Score 60 · Above median
Fair Value upside −17.3% · Below median
Profitability
Return on equity (TTM) 20.9% · Top 25%
Return on assets 4.5% · Above median
Net margin (TTM) 7.6% · Above median
Operating margin (TTM) 10.6% · Above median
Growth and dividend
Revenue growth 2.7% · Below median
Dividend yield (TTM) 3.6% · Above median
Balance sheet
Debt / equity 0.74× · Highest 25%

Valuation Multiplesvs Industrials median · lower = cheaper

P/E (TTM) 0.1× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)6 · sector 17
FUTURE (revenue growth)14 · sector 36
PAST (return on equity)84 · sector 29
HEALTH (low debt)63 · sector 94
DIVIDEND (yield)71 · sector 36

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Cite: Fair Value Calculator (2026). "Volvo AB Series A Fair Value". https://www.fairvalue-calculator.com/stock/0MHW

Frequently asked questions

Is Volvo AB Series A (0MHW) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of kr 250.47 versus a price of kr 314.80, about −20% upside (overvalued).
What is the fair value of 0MHW?
Our model-based fair value for Volvo AB Series A is kr 250.47 (as of Oct 3, 2026), built from audited fundamentals. The current price: kr 314.80.
What is the quality score of 0MHW?
Volvo AB Series A has a Quality Score of 60/100. 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 Volvo AB Series A (0MHW)?
Our model-based price target is the fair value of kr 250.47 (as of Oct 3, 2026) from 24 valuation models. Cautious scenario kr 162.40, optimistic scenario kr 355.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Volvo AB Series A stock forecast for 2026?
Our models put fair value at kr 250.47, about −20% upside versus a price of kr 314.80 (overvalued). Cautious scenario kr 162.40, optimistic scenario kr 355.84. The calculation is refreshed regularly with new filings.
What is the revenue of Volvo AB Series A (0MHW)?
Volvo AB Series A reported trailing-twelve-month revenue of about 472B SEK (latest available figure, as of Oct 3, 2026).
Does Volvo AB Series A pay a dividend?
Volvo AB Series A currently shows a dividend yield of about 3.57% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of Volvo AB Series A (0MHW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Volvo AB Series A it is kr 250.47 per share (as of Oct 3, 2026), against a price of kr 314.80. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Volvo AB Series A stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 0MHW trades above its calculated fair value: price kr 314.80, fair value kr 250.47, a gap of about −20% (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 0MHW?
No. The price is what the market pays today (kr 314.80); the fair value is what the company's own numbers justify (kr 250.47). For Volvo AB Series A the two are kr 64.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is Volvo AB Series A worth?
The market values Volvo AB Series A at about 370B SEK (market capitalisation, as of Oct 3, 2026). Per share that is kr 314.80; our models calculate a fair value of kr 250.47 per share.
What do the bullish and bearish scenarios say about 0MHW?
Our models span a range for Volvo AB Series A: cautious scenario kr 162.40, base kr 250.47, optimistic kr 355.84 per share (as of Oct 3, 2026, price kr 314.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0MHW?
Volvo AB Series A trades at a price-to-earnings ratio of 0.1 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 250.47 is built from several models across several years.
How solid is the balance sheet of Volvo AB Series A (0MHW)?
Balance-sheet figures for Volvo AB Series A (as of Oct 3, 2026): return on equity 20.9%, debt of 0.74 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 0MHW from its 52-week high?
Volvo AB Series A trades at kr 314.80, about 15% below its 52-week high of kr 371.20 and 27% above the low of kr 247.50 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 250.47 is for.
Which stocks are comparable to Volvo AB Series A?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, Delta Electronics (Thailand) Public Company, Larsen & Toubro Limited, Samsung C&T Corporation, 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 Volvo AB Series A stock attractive at the current price?
The data as of Oct 3, 2026: price kr 314.80, calculated fair value kr 250.47 (−20%), Quality Score 60/100, from 24 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 0MHW calculated?
We run Volvo AB Series A through 24 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 250.47, 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. Volvo AB Series A 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 Volvo AB Series A (0MHW)?
The closing price on Oct 2, 2026 was kr 314.80. Our model-based fair value is kr 250.47, about −20% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Volvo AB Series A right now?
Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 162.40 to kr 355.84) 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 Volvo AB Series A

How large is the market capitalisation of Volvo AB Series A (0MHW)?
The market capitalisation of Volvo AB Series A is 370B SEK (≈ $36.9B). 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 Volvo AB Series A (0MHW)?
The price-to-sales ratio of Volvo AB Series A is 0.01 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Volvo AB Series A (0MHW)?
Earnings per share at Volvo AB Series A are kr 15.23 (price ÷ EPS = P/E 0.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Volvo AB Series A (0MHW)?
The dividend yield of Volvo AB Series A is 3.6% (payout 73.7%). 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 Volvo AB Series A (0MHW)?
The net margin of Volvo AB Series A is 8.8% (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 Volvo AB Series A (0MHW)?
The return on equity (ROE) of Volvo AB Series A is 20.9% (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 Volvo AB Series A (0MHW)?
On an EBIT basis the return on assets of Volvo AB Series A is 7.5% (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 Volvo AB Series A (0MHW)?
The operating margin of Volvo AB Series A is 10.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Volvo AB Series A (0MHW)?
Revenue at Volvo AB Series A is growing +2.7% versus a year earlier (3y avg −1.6%). 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 Volvo AB Series A (0MHW)?
Earnings per share at Volvo AB Series A are growing +40.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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