Atlas Copco AB Series B (ATCO-B) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Atlas Copco AB Series B SEK 103, price SEK 181, upside -43.0%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 30, 2026.
How to read this chart
60‑month range kr 74.19 – kr 184.00 · fair‑value band kr 68.44 – kr 142.08 · the kr 180.60 price screens above the kr 102.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 30, 2026.
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Atlas Copco AB (publ) provides compressed air and gas, air treatment systems, vacuum, industrial power tools and assembly systems, machine vision, and power and flow solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania.
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Atlas Copco AB (publ) provides compressed air and gas, air treatment systems, vacuum, industrial power tools and assembly systems, machine vision, and power and flow solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments. The company offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, air and gas treatment equipment, expanders and pumps, and medical air solutions. It also provides oil-sealed rotary vane, dry, and liquid ring vacuum pumps; turbomolecular and cryogenic pumps; abatement and integrated systems; industrial assembly tools and solutions; self-pierce riveting solutions; adhesive dispensing and flow drill fastening equipment; material removal tools, and drills and other pneumatic products; machine vision solutions; construction and demolition tools; mobile compressors, generators, and energy storage systems; and industrial flow, portable power, portable flow, and portable air products, as well as specialty rental services. The company serves the semiconductor and flat panel, industrial manufacturing, civil engineering, demolition, exploration drilling, automotive, off-highway vehicle producers, electronics, aerospace, energy, food, pharmaceutical, textile, and other industries. Atlas Copco AB (publ) was founded in 1873 and is headquartered in Nacka, Sweden.
Stock analysis
Atlas Copco AB Series B (ATCO-B) currently trades at kr 180.60, while our model-based Fair Value estimate is kr 102.97, 43.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 110.08 per share, and 0 of the 24 models we run sit above the kr 180.60 price.
Bear case: the Asset-Based group reads lowest at kr 15.13, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 68.44 (bear) to kr 142.08 (bull), the price of kr 180.60 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 70/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Atlas Copco AB Series B reported revenue of 168B SEK in FY2025 versus 111B SEK in FY2021, a compound +11.0%/yr. Reported net income was 26.4B SEK in FY2025, compounding +9.9%/yr from FY2021.
Key figures
Market cap 882B SEK (≈ $87.8B) · P/E ratio 31.7 · P/S ratio 4.98 · EPS (TTM) kr 5.46 · Dividend yield 1.7% · Net margin 15.7% · Return on equity 25.7% · Return on assets (EBIT) 18.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (medium confidence).
What moves the price
The share trades about 2% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −43%, ATCO-B screens cheaper than that median.
Fair Value models
Bear kr 68.44Fair Value kr 102.97Bull kr 142.08
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 2025 figures (about 9 months old). Earnings retained since then (kr 1.86 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.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.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.8%
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.
+6.0%
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.
+11.0%
Start year 2020 (pandemic). Over 10 years: +5.1% a year
Revenue growth 20 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.
+7.2%
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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.
+11.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.8%
Dividend (yield on the price)1.7%
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.9.8% vs 8.3%, steady
Profit margin 2020 to 2025 ⓘ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.20% → 21%
Start year 2020 (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).
+16.5%
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.
+7.5%
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 +14.2% a year for the price and +5.4% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (81 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Compare Atlas Copco AB Series B with another stock
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.Specialty Industrial Machinery · 790 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−43.0% · Below median
Profitability
Return on equity (TTM)25.7% · Top 25%
Return on assets10.7% · Top 25%
Net margin (TTM)15.7% · Top 25%
Operating margin (TTM)20.6% · Top 25%
Growth and dividend
Revenue growth9.1% · Above median
Dividend yield (TTM)1.7% · Above median
Balance sheet
Debt / equity0.21× · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (TTM)31.7× · Pricier than median
P/B8.00× · Priciest 25%
P/S (TTM)5.19× · Priciest 25%
P/FCF31.2× · Pricier than median
EV/EBITDA21.1× · Pricier than median
PEG2.56× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)46· sector 30
PAST (return on equity)100· sector 28
HEALTH (low debt)90· sector 96
DIVIDEND (yield)33· sector 26
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). "Atlas Copco AB Series B Fair Value". https://www.fairvalue-calculator.com/stock/ATCO-B
Frequently asked questions
Is Atlas Copco AB Series B (ATCO-B) overvalued or undervalued?
As of Sep 30, 2026, our model estimates a fair value of kr 102.97 versus a price of kr 180.60, about −43% upside (overvalued).
What is the fair value of ATCO-B?
Our model-based fair value for Atlas Copco AB Series B is kr 102.97 (as of Sep 30, 2026), built from audited fundamentals. The current price: kr 180.60.
What is the quality score of ATCO-B?
Atlas Copco AB Series B has a Quality Score of 70/100. 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 Atlas Copco AB Series B (ATCO-B)?
Our model-based price target is the fair value of kr 102.97 (as of Sep 30, 2026) from 24 valuation models. Cautious scenario kr 68.44, optimistic scenario kr 142.08. It is a calculation from audited fundamentals, not an analyst target.
What is the Atlas Copco AB Series B stock forecast for 2026?
Our models put fair value at kr 102.97, about −43% upside versus a price of kr 180.60 (overvalued). Cautious scenario kr 68.44, optimistic scenario kr 142.08. The calculation is refreshed regularly with new filings.
What is the revenue of Atlas Copco AB Series B (ATCO-B)?
Atlas Copco AB Series B reported trailing-twelve-month revenue of about 170B SEK (latest available figure, as of Sep 30, 2026).
Does Atlas Copco AB Series B pay a dividend?
Atlas Copco AB Series B currently shows a dividend yield of about 1.66% relative to its recent price (as of Sep 30, 2026).
What growth is priced into Atlas Copco AB Series B (ATCO-B)?
For today's price to be fair in a discounted-cash-flow model, Atlas Copco AB Series B would have to grow free cash flow by +16.5 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.0 % per year. As of Sep 30, 2026.
What discount rate (WACC) does the fair value of ATCO-B use?
Our models discount Atlas Copco AB Series B at 9.2 %: a base by market capitalisation (large), damped by beta 1.07, 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 Atlas Copco AB Series B that is +16.5 % per year a year over ten years, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has Atlas Copco AB Series B (ATCO-B) delivered so far?
Over the past 5 years revenue at Atlas Copco AB Series B grew +11.0 % a year. The price currently implies +16.5 % 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 Atlas Copco AB Series B (ATCO-B) growing?
The median revenue growth in the sector is +7.1 % a year. That is the yardstick for the growth priced into Atlas Copco AB Series B (+16.5 % 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 Atlas Copco AB Series B (ATCO-B)?
The free-cash-flow yield on the price is 3.21 %: that much free cash flow Atlas Copco AB Series B produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Atlas Copco AB Series B (ATCO-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Atlas Copco AB Series B it is kr 102.97 per share (as of Sep 30, 2026), against a price of kr 180.60. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Atlas Copco AB Series B stock overvalued or undervalued in 2026?
As of Sep 30, 2026, ATCO-B trades above its calculated fair value: price kr 180.60, fair value kr 102.97, a gap of about −43% (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 ATCO-B?
No. The price is what the market pays today (kr 180.60); the fair value is what the company's own numbers justify (kr 102.97). For Atlas Copco AB Series B the two are kr 77.63 per share apart. That gap is exactly why we show both numbers side by side.
How much is Atlas Copco AB Series B worth?
The market values Atlas Copco AB Series B at about 882B SEK (market capitalisation, as of Sep 30, 2026). Per share that is kr 180.60; our models calculate a fair value of kr 102.97 per share.
What do the bullish and bearish scenarios say about ATCO-B?
Our models span a range for Atlas Copco AB Series B: cautious scenario kr 68.44, base kr 102.97, optimistic kr 142.08 per share (as of Sep 30, 2026, price kr 180.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ATCO-B?
Atlas Copco AB Series B trades at a price-to-earnings ratio of 31.7 (as of Sep 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 102.97 is built from several models across several years. Other multiples: PEG 2.6, P/B 8.0, P/S 5.2, EV/EBITDA 21.1.
What is the PEG ratio of ATCO-B?
The PEG ratio of Atlas Copco AB Series B is 2.56 (P/E divided by earnings growth, as of Sep 30, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Atlas Copco AB Series B (ATCO-B)?
Balance-sheet figures for Atlas Copco AB Series B (as of Sep 30, 2026): return on equity 25.7%, debt of 0.21 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is ATCO-B from its 52-week high?
Atlas Copco AB Series B trades at kr 180.60, about 2% below its 52-week high of kr 184.00 and 34% above the low of kr 134.88 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 102.97 is for.
Which stocks are comparable to Atlas Copco AB Series B?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin 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 Atlas Copco AB Series B stock attractive at the current price?
The data as of Sep 30, 2026: price kr 180.60, calculated fair value kr 102.97 (−43%), Quality Score 70/100, 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 ATCO-B calculated?
We run Atlas Copco AB Series B 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 102.97, 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. Atlas Copco AB Series B 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 Atlas Copco AB Series B (ATCO-B)?
The closing price on Oct 2, 2026 was kr 180.60. Our model-based fair value is kr 102.97, about −43% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Atlas Copco AB Series B right now?
A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (kr 142.08). The favourable scenario is already priced in. A fairly wide model range (kr 68.44 to kr 142.08) leaves room in how you read the outcome.
Where does the earnings growth of Atlas Copco AB Series B (ATCO-B) come from?
Earnings per share at Atlas Copco AB Series B grew +9.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.3 %, EBIT margin +1.3 %, tax rate +1.4 %, residual (interest, one-offs) +0.7 %. 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 Atlas Copco AB Series B
How large is the market capitalisation of Atlas Copco AB Series B (ATCO-B)?
The market capitalisation of Atlas Copco AB Series B is 882B SEK (≈ $87.8B). 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 Atlas Copco AB Series B (ATCO-B)?
The price-to-sales ratio of Atlas Copco AB Series B is 4.98 (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 Atlas Copco AB Series B (ATCO-B)?
Earnings per share at Atlas Copco AB Series B are kr 5.46 (price ÷ EPS = P/E 31.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Atlas Copco AB Series B (ATCO-B)?
The dividend yield of Atlas Copco AB Series B is 1.7% (payout 54.9%). 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 Atlas Copco AB Series B (ATCO-B)?
The net margin of Atlas Copco AB Series B is 15.7% (fiscal year 2025). 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 Atlas Copco AB Series B (ATCO-B)?
The return on equity (ROE) of Atlas Copco AB Series B is 25.7% (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 Atlas Copco AB Series B (ATCO-B)?
On an EBIT basis the return on assets of Atlas Copco AB Series B is 18.2% (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 Atlas Copco AB Series B (ATCO-B)?
The operating margin of Atlas Copco AB Series B is 20.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Atlas Copco AB Series B (ATCO-B)?
Revenue at Atlas Copco AB Series B is growing +9.1% versus a year earlier (3y avg +6.0%). 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 Atlas Copco AB Series B (ATCO-B)?
Earnings per share at Atlas Copco AB Series B are growing +8.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Atlas Copco AB Series B (ATCO-B) carry?
The net debt of Atlas Copco AB Series B is 19.4B SEK (fiscal year 2025, ≈ 0.7 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
Sep 30, 2026