B3 Consulting Group AB (B3) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of B3 Consulting Group AB SEK 33.69, price SEK 21.00, upside +60.4%, quality 45 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 24, 2026.
How to read this chart
60‑month range kr 18.10 – kr 177.05 · fair‑value band kr 25.12 – kr 52.53 · the kr 21.00 price screens below the kr 33.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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B3 Consulting Group AB (publ) operates as a consultancy company that provides IT and management consultancy services in Sweden. It offers digital transformation, system development, cloud and infrastructure solutions, cybersecurity, healthcare digitalization, recruitment, program and project management, and specialized services.
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B3 Consulting Group AB (publ) operates as a consultancy company that provides IT and management consultancy services in Sweden. It offers digital transformation, system development, cloud and infrastructure solutions, cybersecurity, healthcare digitalization, recruitment, program and project management, and specialized services. The company also provides generative AI and automation; management and governance; ServiceNow; purchasing and procurement; security; business applications; finance and transformation; nearshoring; web, design and e-commerce; data-driven work; and Sitevision solutions. It serves the banking, finance and insurance; eHealth; member organizations; public; industry; trade; and media and entertainment sectors. The company was formerly known as B3IT Management AB (publ) and changed its name to B3 Consulting Group AB (publ) in May 2018. B3 Consulting Group AB (publ) was incorporated in 2001 and is headquartered in Stockholm, Sweden.
Stock analysis
B3 Consulting Group AB (B3) currently trades at kr 21.00, while our model-based Fair Value estimate is kr 33.69, implying the stock looks roughly 37.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 63.17 per share, and 16 of the 24 models we run sit above the kr 21.00 price.
Bear case: the Earnings-Based group reads lowest at kr 11.86, and 8 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 25.12 (bear) to kr 52.53 (bull), the price of kr 21.00 sits below 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 45/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
B3 Consulting Group AB reported revenue of 1.2B SEK in FY2025 versus 922M SEK in FY2021, a compound +7.0%/yr. Reported net income was 10.9M SEK in FY2025, compounding −30.0%/yr from FY2021.
Key figures
Market cap 191M SEK (≈ $19.3M) · P/E ratio 17.5 · P/S ratio 0.16 · EPS (TTM) kr 1.20 · Net margin 0.9% · Return on equity 3.4% · Return on assets (EBIT) 11.3% · Operating margin 3.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 58% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 66% fair-value upside, at 60%, B3 screens richer than that median.
Fair Value models
Bear kr 25.12Fair Value kr 33.69Bull kr 52.53
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 0.8811 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.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.69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.1%
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.
+1.7%
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.
+7.3%
Start year 2020 (pandemic). Over 10 years: +12.2% a year
Revenue growth 13 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.
+13.4%
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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.
−16.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.1%
Dividend (yield on the price)0.0%
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.−16% vs −10%, slowing
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.5% → 4%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−3.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about −5.2% a year for the price.
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.Information Technology Services · 497 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+56% · Above median
Profitability
Return on equity (TTM)3% · Below median
Return on assets3% · Below median
Net margin (TTM)0% · Below median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth−6% · Bottom 25%
Dividend yield (TTM)17.5% · Top 25%
Balance sheet
Debt / equity1.39× · Highest 25%
Valuation Multiplesvs Information Technology Services median · lower = cheaper
P/E (TTM)17.5× · Cheaper than median
P/B0.09× · 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.
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). "B3 Consulting Group AB Fair Value". https://www.fairvalue-calculator.com/stock/B3
Frequently asked questions
Is B3 Consulting Group AB (B3) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 33.69 versus a price of kr 21.00, about +60% upside (undervalued).
What is the fair value of B3?
Our model-based fair value for B3 Consulting Group AB is kr 33.69 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 21.00.
What is the quality score of B3?
B3 Consulting Group AB has a Quality Score of 45/100. 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 B3 Consulting Group AB (B3)?
Our model-based price target is the fair value of kr 33.69 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario kr 25.12, optimistic scenario kr 52.53. It is a calculation from audited fundamentals, not an analyst target.
What is the B3 Consulting Group AB stock forecast for 2026?
Our models put fair value at kr 33.69, about +60% upside versus a price of kr 21.00 (undervalued). Cautious scenario kr 25.12, optimistic scenario kr 52.53. The calculation is refreshed regularly with new filings.
What is the revenue of B3 Consulting Group AB (B3)?
B3 Consulting Group AB reported trailing-twelve-month revenue of about 1.2B SEK (latest available figure, as of Sep 24, 2026).
What growth is priced into B3 Consulting Group AB (B3)?
For today's price to be fair in a discounted-cash-flow model, B3 Consulting Group AB would have to grow free cash flow by -3.4 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of B3 use?
Our models discount B3 Consulting Group AB at 8.5 %: a base by market capitalisation (nano), damped by beta 0.60, 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 B3 Consulting Group AB that is -3.4 % per year a year over ten years, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has B3 Consulting Group AB (B3) delivered so far?
Over the past 5 years revenue at B3 Consulting Group AB grew +7.3 % a year. The price currently implies -3.4 % 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 B3 Consulting Group AB (B3) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into B3 Consulting Group AB (-3.4 % 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 B3 Consulting Group AB (B3)?
The free-cash-flow yield on the price is 19.28 %: that much free cash flow B3 Consulting Group AB produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of B3 Consulting Group AB (B3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For B3 Consulting Group AB it is kr 33.69 per share (as of Sep 24, 2026), against a price of kr 21.00. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is B3 Consulting Group AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, B3 trades below its calculated fair value: price kr 21.00, fair value kr 33.69, a gap of about +60% (undervalued). 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 B3?
No. The price is what the market pays today (kr 21.00); the fair value is what the company's own numbers justify (kr 33.69). For B3 Consulting Group AB the two are kr 12.69 per share apart. That gap is exactly why we show both numbers side by side.
How much is B3 Consulting Group AB worth?
The market values B3 Consulting Group AB at about 191M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 21.00; our models calculate a fair value of kr 33.69 per share.
What do the bullish and bearish scenarios say about B3?
Our models span a range for B3 Consulting Group AB: cautious scenario kr 25.12, base kr 33.69, optimistic kr 52.53 per share (as of Sep 24, 2026, price kr 21.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of B3?
B3 Consulting Group AB trades at a price-to-earnings ratio of 17.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 33.69 is built from several models across several years. Other multiples: P/B 0.1, P/S 0.0, EV/EBITDA 5.2.
How solid is the balance sheet of B3 Consulting Group AB (B3)?
Balance-sheet figures for B3 Consulting Group AB (as of Sep 24, 2026): return on equity 3.4%, debt of 1.39 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is B3 from its 52-week high?
B3 Consulting Group AB trades at kr 21.00, about 58% below its 52-week high of kr 50.50 and 16% above the low of kr 18.10 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 33.69 is for.
Which stocks are comparable to B3 Consulting Group AB?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys 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 B3 Consulting Group AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 21.00, calculated fair value kr 33.69 (+60%), Quality Score 45/100, 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 B3 calculated?
We run B3 Consulting Group AB 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 33.69, 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 13.0 % above its aggregate fair value. B3 Consulting Group AB currently trades 60 % below its own fair value, and the market average says nothing about that. 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 B3 Consulting Group AB (B3)?
The closing price on Sep 24, 2026 was kr 21.00. Our model-based fair value is kr 33.69, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with B3 Consulting Group AB right now?
The price is below even our cautious bear case (kr 25.12). The market is more pessimistic than our downside scenario. Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (kr 25.12 to kr 52.53) leaves room in how you read the outcome.
Where does the earnings growth of B3 Consulting Group AB (B3) come from?
Earnings per share at B3 Consulting Group AB grew +8.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.8 %, EBIT margin −6.5 %, tax rate +1.6 %, residual (interest, one-offs) +4.3 %. 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 B3 Consulting Group AB
How large is the market capitalisation of B3 Consulting Group AB (B3)?
The market capitalisation of B3 Consulting Group AB is 191M SEK (≈ $19.3M). 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 B3 Consulting Group AB (B3)?
The price-to-sales ratio of B3 Consulting Group AB is 0.16 (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 B3 Consulting Group AB (B3)?
Earnings per share at B3 Consulting Group AB are kr 1.20 (price ÷ EPS = P/E 17.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of B3 Consulting Group AB (B3)?
The net margin of B3 Consulting Group AB is 0.9% (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 B3 Consulting Group AB (B3)?
The return on equity (ROE) of B3 Consulting Group AB is 3.4% (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 B3 Consulting Group AB (B3)?
On an EBIT basis the return on assets of B3 Consulting Group AB is 11.3% (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 B3 Consulting Group AB (B3)?
The operating margin of B3 Consulting Group AB is 3.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at B3 Consulting Group AB (B3)?
Revenue at B3 Consulting Group AB is growing −5.8% versus a year earlier (3y avg +1.7%). 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 B3 Consulting Group AB (B3)?
Earnings per share at B3 Consulting Group AB are growing −83.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does B3 Consulting Group AB (B3) carry?
The net debt of B3 Consulting Group AB is 265M SEK (fiscal year 2025, ≈ 7.2 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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