Bahnhof AB Series B (BAHN-B) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Bahnhof AB Series B stock SEK 58.42, price SEK 59.80, upside -2.3%, quality 75 out of 100. Rating: fairly valued. 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 19, 2026.
How to read this chart
60‑month range kr 24.54 – kr 61.97 · fair‑value band kr 42.82 – kr 75.94 · the kr 59.80 price screens above the kr 58.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 19, 2026.
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Bahnhof AB (publ) provides internet services to individuals and businesses in Sweden and internationally.
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It offers broadband, telephony, VPN and antivirus, TV and streaming, wireless office WiFi, WAN and WAN Lite, backbone and carrier, cloud, and colocation services; and data security services, including backup and recovery, and DDoS protection, as well as data center solutions.
The company was founded in 1994 and is headquartered in Stockholm, Sweden. Bahnhof AB (publ) is a subsidiary of KN Telecom AB.
Stock analysis
Bahnhof AB Series B (BAHN-B) currently trades at kr 59.80, while our model-based Fair Value estimate is kr 58.42, so the stock looks roughly fairly valued today (gap 2.4%).
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 41.27 per share, and 0 of the 24 models we run sit above the kr 59.80 price.
Bear case: the Economic Profit group reads lowest at kr 12.23, and 24 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 42.82 (bear) to kr 75.94 (bull), the price of kr 59.80 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 75/100 (high quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Bahnhof AB Series B reported revenue of 2.2B SEK in FY2025 versus 1.6B SEK in FY2021, a compound +8.4%/yr. Reported net income was 181M SEK in FY2025, compounding +4.7%/yr from FY2021.
Key figures
Market cap 6.4B SEK (≈ $649M) Small · P/E ratio 34.3 · P/S ratio 2.81 · EPS (TTM) kr 1.74 · Dividend yield 3.3% · Net margin 8.2% · Return on equity 40.4% · Return on assets (EBIT) 18.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 69 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 37% fair-value upside, at −2%, BAHN-B screens richer than that median.
Fair Value models
Bearkr 42.82Fair Value kr 58.42Bullkr 75.94
Price kr 59.80 · Upside -2.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.7%
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.
+8.6%
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.
+8.5%
Start year 2020 (pandemic)
Revenue growth 9 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.
+11.6%
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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.
+8.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.5%
Dividend (yield on the price)3.3%
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.5.5% vs 9.8%, 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.13% → 11%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+12.6%
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 +10.4% 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.Telecom Services · 240 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score75 · Top 25%
Fair Value upside−2.3% · Below median
Profitability
Return on equity (12 months)40.4% · Top 25%
Return on assets12.9% · Top 25%
Net margin (12 months)8.2% · Above median
Operating margin (12 months)12.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)4.9% · Above median
Dividend yield (12 months)3.3% · Below median
Valuation Multiplesvs Telecom Services median · lower = cheaper
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). "Bahnhof AB Series B Fair Value". https://www.fairvalue-calculator.com/stock/BAHN-B
Frequently asked questions
Is Bahnhof AB Series B (BAHN-B) overvalued or undervalued?
As of Oct 19, 2026, our model estimates a fair value of kr 58.42 versus a price of kr 59.80, about −2% upside (fairly valued).
What is the fair value of BAHN-B?
Our model-based fair value for Bahnhof AB Series B is kr 58.42 (as of Oct 19, 2026), built from audited fundamentals. The current price: kr 59.80.
What is the quality score of BAHN-B?
Bahnhof AB Series B has a Quality Score of 75/100. 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 Bahnhof AB Series B (BAHN-B)?
Our model-based price target is the fair value of kr 58.42 (as of Oct 19, 2026) from 24 valuation models. Cautious scenario kr 42.82, optimistic scenario kr 75.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Bahnhof AB Series B stock forecast for 2026?
Our models put fair value at kr 58.42, about −2% upside versus a price of kr 59.80 (fairly valued). Cautious scenario kr 42.82, optimistic scenario kr 75.94. The calculation is refreshed regularly with new filings.
What is the revenue of Bahnhof AB Series B (BAHN-B)?
Bahnhof AB Series B reported trailing-twelve-month revenue of about 2.3B SEK (latest available figure, as of Oct 19, 2026).
Does Bahnhof AB Series B pay a dividend?
Bahnhof AB Series B currently shows a dividend yield of 3.34% relative to its recent price (as of Oct 19, 2026).
What growth is priced into Bahnhof AB Series B (BAHN-B)?
For today's price to be fair in a discounted-cash-flow model, Bahnhof AB Series B would have to grow free cash flow by +12.6 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.5 % per year. As of Oct 19, 2026.
What discount rate (WACC) does the fair value of BAHN-B use?
Our models discount Bahnhof AB Series B at 9.9 %: a base by market capitalisation (small), damped by beta 0.61, 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 Bahnhof AB Series B that is +12.6 % per year a year over ten years, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has Bahnhof AB Series B (BAHN-B) delivered so far?
Over the past 5 years revenue at Bahnhof AB Series B grew +8.5 % a year. The price currently implies +12.6 % 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 Bahnhof AB Series B (BAHN-B) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into Bahnhof AB Series B (+12.6 % 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 Bahnhof AB Series B (BAHN-B)?
The free-cash-flow yield on the price is 3.96 %: that much free cash flow Bahnhof AB Series B produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bahnhof AB Series B (BAHN-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bahnhof AB Series B it is kr 58.42 per share (as of Oct 19, 2026), against a price of kr 59.80. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Bahnhof AB Series B stock overvalued or undervalued in 2026?
As of Oct 19, 2026, BAHN-B trades above its calculated fair value: price kr 59.80, fair value kr 58.42, a gap of about −2% (fairly valued). 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 BAHN-B?
No. The price is what the market pays today (kr 59.80); the fair value is what the company's own numbers justify (kr 58.42). For Bahnhof AB Series B the two are kr 1.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bahnhof AB Series B worth?
The market values Bahnhof AB Series B at about 6.4B SEK (market capitalisation, as of Oct 19, 2026). Per share that is kr 59.80; our models calculate a fair value of kr 58.42 per share.
What do the bullish and bearish scenarios say about BAHN-B?
Our models span a range for Bahnhof AB Series B: cautious scenario kr 42.82, base kr 58.42, optimistic kr 75.94 per share (as of Oct 19, 2026, price kr 59.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BAHN-B?
Bahnhof AB Series B trades at a price-to-earnings ratio of 34.3 (as of Oct 19, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 58.42 is built from several models across several years. Other multiples: P/B 12.0, P/S 2.8, EV/EBITDA 19.9.
How solid is the balance sheet of Bahnhof AB Series B (BAHN-B)?
Balance-sheet figures for Bahnhof AB Series B (as of Oct 19, 2026): return on equity 40.4%. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is BAHN-B from its 52-week high?
Bahnhof AB Series B trades at kr 59.80, at its 52-week high of kr 59.80 and 23% above the low of kr 48.48 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 58.42 is for.
Which stocks are comparable to Bahnhof AB Series B?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T 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 Bahnhof AB Series B stock attractive at the current price?
The data as of Oct 19, 2026: price kr 59.80, calculated fair value kr 58.42 (−2%), Quality Score 75/100, 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 BAHN-B calculated?
We run Bahnhof 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 58.42, 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 13.9 % above its aggregate fair value. Bahnhof 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 Bahnhof AB Series B (BAHN-B)?
The closing price on Oct 19, 2026 was kr 59.80. Our model-based fair value is kr 58.42, about −2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bahnhof AB Series B right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. 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 Bahnhof AB Series B
How large is the market capitalisation of Bahnhof AB Series B (BAHN-B)?
The market capitalisation of Bahnhof AB Series B is 6.4B SEK (≈ $649M). 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 Bahnhof AB Series B (BAHN-B)?
The price-to-sales ratio of Bahnhof AB Series B is 2.81 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bahnhof AB Series B (BAHN-B)?
Earnings per share at Bahnhof AB Series B are kr 1.74 (price ÷ EPS = P/E 34.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bahnhof AB Series B (BAHN-B)?
The dividend yield of Bahnhof AB Series B is 3.3% (payout 115%). 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 Bahnhof AB Series B (BAHN-B)?
The net margin of Bahnhof AB Series B is 8.2% (last twelve months). 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 Bahnhof AB Series B (BAHN-B)?
The return on equity (ROE) of Bahnhof AB Series B is 40.4% (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 Bahnhof AB Series B (BAHN-B)?
On an EBIT basis the return on assets of Bahnhof AB Series B is 18.6% (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 Bahnhof AB Series B (BAHN-B)?
The operating margin of Bahnhof AB Series B is 12.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bahnhof AB Series B (BAHN-B)?
Revenue at Bahnhof AB Series B is growing +4.9% versus a year earlier (3y avg +8.6%). 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 Bahnhof AB Series B (BAHN-B)?
Earnings per share at Bahnhof AB Series B are growing −1.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Bahnhof AB Series B (BAHN-B) hold?
Bahnhof AB Series B holds more cash than debt, 451M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 19, 2026