Addtech AB (publ.) (ADDT-B) fair value: what the stock is really worth
As of Oct 14, 2026: fair value of Addtech AB (publ.) SEK 154, price SEK 328, upside -53.2%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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 13, 2026.
How to read this chart
60‑month range kr 123.99 – kr 358.60 · fair‑value band kr 79.03 – kr 199.94 · the kr 328.40 price screens above the kr 153.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 13, 2026.
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Addtech AB (publ.) provides high-tech products and solutions in Sweden, Denmark, Finland, Norway, Germany, the United Kingdom, rest of Europe, and internationally. The company operates through Automation, Electrification, Energy, Industrial Solutions, and Process Technology segments.
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It produces and sells automation products and solutions, subsystems, and components for medical technology, industrial automation, and infrastructure, including solutions for industrial communications, built-in-data control systems, sensors, and cyber security solutions.
The company also offers battery, energy-efficient power supply solutions, and power transmission; components and subsystems for electric driveline solutions; products for electric power transmission, electrical installation, and safety products for transport; solutions and systems primarily for the forest, special vehicles, and waste/recycling industries; and solutions for measuring, controlling, and streamlining industrial flows.
Addtech AB (publ.) was founded in 1906 and is headquartered in Stockholm, Sweden.
Stock analysis
Addtech AB (publ.) (ADDT-B) currently trades at kr 328.40, while our model-based Fair Value estimate is kr 153.80, 53.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 153.80 per share, and 0 of the 24 models we run sit above the kr 328.40 price.
Bear case: the Asset-Based group reads lowest at kr 20.35, and 24 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 79.03 (bear) to kr 199.94 (bull), the price of kr 328.40 sits above 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.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Addtech AB (publ.) reported revenue of 22.7B SEK in FY2026 versus 14.0B SEK in FY2022, a compound +12.8%/yr. Reported net income was 2.1B SEK in FY2026, compounding +18.9%/yr from FY2022.
Key figures
Market cap 88.6B SEK (≈ $8.9B) · P/E ratio 41.0 · P/S ratio 3.88 · EPS (TTM) kr 8.33 · Dividend yield 1.1% · Net margin 9.5% · Return on equity 26.9% · Return on assets (EBIT) 14.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 13% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −40% fair-value upside, at −53%, ADDT-B screens richer than that median.
Fair Value models
Bearkr 79.03Fair Value kr 153.80Bullkr 199.94
Price kr 328.40 · Upside -53.2%
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. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (kr 2.57 per share) are deliberately not added.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.Coverage ⓘCoverage = 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.2%
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.
+6.7%
Revenue growth 5 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.
+14.9%
Start year 2021 (pandemic). Over 10 years: +13.9% a year
Revenue growth 25 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.
+9.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+21.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.0%
Dividend (yield on the price)1.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.20.0% vs 17.1%, steady
Profit margin 2021 to 2026 ⓘ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.9% → 14%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+35.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +32.8% a year for the price and +4.9% for the forecasts.
AI conclusion: The company's decentralized model supports solid returns via targeted acquisitions, yet the absence of detailed public metrics on operations and development leaves durability unconfirmed.
Main risk: New niches from bolt-on acquisitions may fail to sustain margins or integration, diluting focus and returns in the existing decentralized operations.
Addtech's latest acquisition brings a small UK maker of custom gears and drivelines for defence, energy and rail into the group. Such bolt-ons fit the decentralized model yet introduce fresh niches where margins and integration must prove durable. Will the added applications lift overall returns more than they dilute focus on existing operations?
Price, fair value, quality and upside side by side.
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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.Industrial Distribution · 110 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−53.2% · Bottom 25%
Profitability
Return on equity (12 months)26.9% · Top 25%
Return on assets10.1% · Top 25%
Net margin (12 months)9.7% · Top 25%
Operating margin (12 months)14.4% · Top 25%
Growth and dividend
Revenue growth5.7% · Below median
Dividend yield (12 months)1.1% · Below median
Balance sheet
Debt / equity0.62× · Highest 25%
Valuation Multiplesvs Industrial Distribution median · lower = cheaper
P/E (12 months)41.0× · Priciest 25%
P/B11.35× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)3.85× · Priciest 25%
Price / free cash flow71.5× · Priciest 25%
EV/EBITDA24.0× · Priciest 25%
PEG4.10× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 42
FUTURE (revenue growth)29· sector 29
PAST (return on equity)100· sector 37
HEALTH (low debt)69· sector 91
DIVIDEND (yield)22· sector 37
VALUE 0: the price sits above our fair-value range.
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). "Addtech AB (publ.) Fair Value". https://www.fairvalue-calculator.com/stock/ADDT-B
Frequently asked questions
Is Addtech AB (publ.) (ADDT-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 153.80 versus a price of kr 328.40, about −53% upside (overvalued).
What is the fair value of ADDT-B?
Our model-based fair value for Addtech AB (publ.) is kr 153.80 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 328.40.
What is the quality score of ADDT-B?
Addtech AB (publ.) 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 Addtech AB (publ.) (ADDT-B)?
Our model-based price target is the fair value of kr 153.80 (as of Oct 13, 2026) from 24 valuation models. Cautious scenario kr 79.03, optimistic scenario kr 199.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Addtech AB (publ.) stock forecast for 2026?
Our models put fair value at kr 153.80, about −53% upside versus a price of kr 328.40 (overvalued). Cautious scenario kr 79.03, optimistic scenario kr 199.94. The calculation is refreshed regularly with new filings.
What is the revenue of Addtech AB (publ.) (ADDT-B)?
Addtech AB (publ.) reported trailing-twelve-month revenue of about 23.0B SEK (latest available figure, as of Oct 13, 2026).
Does Addtech AB (publ.) pay a dividend?
Addtech AB (publ.) currently shows a dividend yield of about 1.10% relative to its recent price (as of Oct 13, 2026).
What growth is priced into Addtech AB (publ.) (ADDT-B)?
For today's price to be fair in a discounted-cash-flow model, Addtech AB (publ.) would have to grow free cash flow by +35.5 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.9 % per year. As of Oct 13, 2026.
What discount rate (WACC) does the fair value of ADDT-B use?
Our models discount Addtech AB (publ.) at 9.8 %: a base by market capitalisation (mid), damped by beta 1.13, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Addtech AB (publ.) that is +35.5 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Addtech AB (publ.) (ADDT-B) delivered so far?
Over the past 5 years revenue at Addtech AB (publ.) grew +14.9 % a year. The price currently implies +35.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Addtech AB (publ.) (ADDT-B) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Addtech AB (publ.) (+35.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Addtech AB (publ.) (ADDT-B)?
The free-cash-flow yield on the price is 1.40 %: that much free cash flow Addtech AB (publ.) produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Addtech AB (publ.) (ADDT-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Addtech AB (publ.) it is kr 153.80 per share (as of Oct 13, 2026), against a price of kr 328.40. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Addtech AB (publ.) stock overvalued or undervalued in 2026?
As of Oct 13, 2026, ADDT-B trades above its calculated fair value: price kr 328.40, fair value kr 153.80, a gap of about −53% (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 ADDT-B?
No. The price is what the market pays today (kr 328.40); the fair value is what the company's own numbers justify (kr 153.80). For Addtech AB (publ.) the two are kr 174.60 per share apart. That gap is exactly why we show both numbers side by side.
How much is Addtech AB (publ.) worth?
The market values Addtech AB (publ.) at about 88.6B SEK (market capitalisation, as of Oct 13, 2026). Per share that is kr 328.40; our models calculate a fair value of kr 153.80 per share.
What do the bullish and bearish scenarios say about ADDT-B?
Our models span a range for Addtech AB (publ.): cautious scenario kr 79.03, base kr 153.80, optimistic kr 199.94 per share (as of Oct 13, 2026, price kr 328.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ADDT-B?
Addtech AB (publ.) trades at a price-to-earnings ratio of 41.0 (as of Oct 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 153.80 is built from several models across several years. Other multiples: PEG 4.1, P/B 11.4, P/S 3.8, EV/EBITDA 24.0.
What is the PEG ratio of ADDT-B?
The PEG ratio of Addtech AB (publ.) is 4.10 (P/E divided by earnings growth, as of Oct 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Addtech AB (publ.) (ADDT-B)?
Balance-sheet figures for Addtech AB (publ.) (as of Oct 13, 2026): return on equity 26.9%, debt of 0.62 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is ADDT-B from its 52-week high?
Addtech AB (publ.) trades at kr 328.40, about 8% below its 52-week high of kr 358.60 and 13% above the low of kr 290.80 (as of Oct 14, 2026). Distance from the high says nothing about value: that is what the fair value of kr 153.80 is for.
Which stocks are comparable to Addtech AB (publ.)?
From the same area (Industrials) we also value W.W. Grainger, Inc, Fastenal Company, Ferguson Enterprises Inc, WESCO International, Inc, 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 Addtech AB (publ.) stock attractive at the current price?
The data as of Oct 13, 2026: price kr 328.40, calculated fair value kr 153.80 (−53%), 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 ADDT-B calculated?
We run Addtech AB (publ.) 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 153.80, 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 14.7 % above its aggregate fair value. Addtech AB (publ.) 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 Addtech AB (publ.) (ADDT-B)?
The closing price on Oct 14, 2026 was kr 328.40. Our model-based fair value is kr 153.80, about −53% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Addtech AB (publ.) right now?
The price sits above even our optimistic bull case (kr 199.94). The favourable scenario is already priced in. 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 79.03 to kr 199.94) leaves room in how you read the outcome.
Where does the earnings growth of Addtech AB (publ.) (ADDT-B) come from?
Earnings per share at Addtech AB (publ.) grew +8.1 % a year from 2015 to 2026. Broken into its drivers: revenue per share +13.7 %, EBIT margin +5.6 %, tax rate −1.7 %, residual (interest, one-offs) −8.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Addtech AB (publ.)
How large is the market capitalisation of Addtech AB (publ.) (ADDT-B)?
The market capitalisation of Addtech AB (publ.) is 88.6B SEK (≈ $8.9B). 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 Addtech AB (publ.) (ADDT-B)?
The price-to-sales ratio of Addtech AB (publ.) is 3.88 (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 Addtech AB (publ.) (ADDT-B)?
Earnings per share at Addtech AB (publ.) are kr 8.33 (price ÷ EPS = P/E 41.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Addtech AB (publ.) (ADDT-B)?
The dividend yield of Addtech AB (publ.) is 1.1% (payout 43.2%). 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 Addtech AB (publ.) (ADDT-B)?
The net margin of Addtech AB (publ.) is 9.5% (fiscal year 2026). 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 Addtech AB (publ.) (ADDT-B)?
The return on equity (ROE) of Addtech AB (publ.) is 26.9% (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 Addtech AB (publ.) (ADDT-B)?
On an EBIT basis the return on assets of Addtech AB (publ.) is 14.0% (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 Addtech AB (publ.) (ADDT-B)?
The operating margin of Addtech AB (publ.) is 14.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Addtech AB (publ.) (ADDT-B)?
Revenue at Addtech AB (publ.) is growing +5.7% versus a year earlier (3y avg +6.7%). 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 Addtech AB (publ.) (ADDT-B)?
Earnings per share at Addtech AB (publ.) are growing +14.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Addtech AB (publ.) (ADDT-B) carry?
The net debt of Addtech AB (publ.) is 5.7B SEK (fiscal year 2026, ≈ 4.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 13, 2026