BE Group AB (BEGR) fair value: what the stock is really worth
As of Oct 13, 2026: fair value of BE Group AB SEK 20.00, price SEK 25.70, upside -22.2%, quality 33 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 2, 2026.
How to read this chart
60‑month range kr 23.00 – kr 207.63 · fair‑value band kr 14.93 – kr 29.85 · the kr 25.70 price screens above the kr 20.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
Follow BE Group in your weekly email
Every Wednesday you see whether BE Group is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
BE Group AB (publ) operates as a trading and service company in steel, stainless steel, and aluminum products in Sweden, Poland, Finland, and Baltics.
Show more
BE Group AB (publ) operates as a trading and service company in steel, stainless steel, and aluminum products in Sweden, Poland, Finland, and Baltics. The company provides long steel products, including beams, hollow sections, bars, and tubes; flat steel products, such as plates and sheets in various forms comprising hot-rolled, cold-rolled, or metal-coated; and engineering steel products, consisting of alloyed and unalloyed structural steel surface modified bars, and hollow bars. It also offers stainless steel, such as plates, sheets, bars, tubes, and tube parts; reinforcement steel and reinforcement mesh products; and aluminum products, including plates, sheets, profiles, bars and tubes. In addition, the company provides production services, including cutting and sawing, blasting and painting drilling, deburring and threading of beams and profiles, gas and plasma cutting of heavy plate, cutting and slitting of strip and thin plate, ready-to-install reinforcement and welded reinforcement, post-processing, and processing in collaboration with partners; and material advice, logistics solutions, IT services that comprising web-based e-commerce, EDI, digital notifications, connection to monitor ERP, and electronic invoices. It offers its products through distributors and value-adding production services primarily to construction and manufacturing industries. BE Group AB (publ) was founded in 1868 and is headquartered in Malmö, Sweden.
Stock analysis
BE Group AB (BEGR) currently trades at kr 25.70, while our model-based Fair Value estimate is kr 20.00, 22.2% below the price, so the stock looks overvalued today.
Show more
Valuation
How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the evidence level at low.
Scenario range: kr 14.93 (bear) to kr 29.85 (bull), the price of kr 25.70 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 33/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
BE Group AB reported revenue of 3.9B SEK in FY2025 versus 5.4B SEK in FY2021, a compound −7.6%/yr. Reported net income was −538M SEK in FY2025.
Key figures
Market cap 501M SEK (≈ $49.9M) · P/E ratio 14.6 · P/S ratio 0.13 · EPS (TTM) kr 1.76 · Net margin −13.7% · Return on equity −5.0% · Return on assets (EBIT) 4.9% · Operating margin 1.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −46% fair-value upside, at −22%, BEGR screens cheaper than that median.
Fair Value models
Bear kr 14.93Fair Value kr 20.00Bull kr 29.85
Price kr 25.70 · Upside -22.2%
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 2025 figures (about 9 months old). Earnings retained since then (kr 1.38 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.8/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−15.7%
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.
−17.0%
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.
+1.4%
Start year 2020 (pandemic). Over 10 years: −0.5% a year
Revenue growth 23 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.
−0.2%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
1.8% (2020) → −2.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Steel · 408 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside−22.5% · Below median
Profitability
Return on assets−2.0% · Bottom 25%
Net margin (TTM)−1.2% · Bottom 25%
Operating margin (TTM)1.1% · Below median
Growth and dividend
Revenue growth1.1% · Below median
Balance sheet
Debt / equity0.37× · Highest 25%
Valuation Multiplesvs Steel 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). "BE Group AB Fair Value". https://www.fairvalue-calculator.com/stock/BEGR
Frequently asked questions
Is BE Group AB (BEGR) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of kr 20.00 versus a price of kr 25.70, about −22% upside (overvalued).
What is the fair value of BEGR?
Our model-based fair value for BE Group AB is kr 20.00 (as of Oct 2, 2026), built from audited fundamentals. The current price: kr 25.70.
What is the quality score of BEGR?
BE Group AB has a Quality Score of 33/100. 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 BE Group AB (BEGR)?
Our model-based price target is the fair value of kr 20.00 (as of Oct 2, 2026) from 2 valuation models. Cautious scenario kr 14.93, optimistic scenario kr 29.85. It is a calculation from audited fundamentals, not an analyst target.
What is the BE Group AB stock forecast for 2026?
Our models put fair value at kr 20.00, about −22% upside versus a price of kr 25.70 (overvalued). Cautious scenario kr 14.93, optimistic scenario kr 29.85. The calculation is refreshed regularly with new filings.
What is the revenue of BE Group AB (BEGR)?
BE Group AB reported trailing-twelve-month revenue of about 3.9B SEK (latest available figure, as of Oct 2, 2026).
What is the intrinsic value of BE Group AB (BEGR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BE Group AB it is kr 20.00 per share (as of Oct 2, 2026), against a price of kr 25.70. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is BE Group AB stock overvalued or undervalued in 2026?
As of Oct 2, 2026, BEGR trades above its calculated fair value: price kr 25.70, fair value kr 20.00, a gap of about −22% (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 BEGR?
No. The price is what the market pays today (kr 25.70); the fair value is what the company's own numbers justify (kr 20.00). For BE Group AB the two are kr 5.70 per share apart. That gap is exactly why we show both numbers side by side.
How much is BE Group AB worth?
The market values BE Group AB at about 501M SEK (market capitalisation, as of Oct 2, 2026). Per share that is kr 25.70; our models calculate a fair value of kr 20.00 per share.
What do the bullish and bearish scenarios say about BEGR?
Our models span a range for BE Group AB: cautious scenario kr 14.93, base kr 20.00, optimistic kr 29.85 per share (as of Oct 2, 2026, price kr 25.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BEGR?
BE Group AB trades at a price-to-earnings ratio of 14.6 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 20.00 is built from several models across several years. Other multiples: PEG 37.3, P/B 0.1, P/S 0.0.
What is the PEG ratio of BEGR?
The PEG ratio of BE Group AB is 37.30 (P/E divided by earnings growth, as of Oct 2, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of BE Group AB (BEGR)?
Balance-sheet figures for BE Group AB (as of Oct 2, 2026): return on equity −5.0%, debt of 0.37 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is BEGR from its 52-week high?
BE Group AB trades at kr 25.70, about 17% below its 52-week high of kr 31.10 and 12% above the low of kr 23.00 (as of Oct 13, 2026). Distance from the high says nothing about value: that is what the fair value of kr 20.00 is for.
Which stocks are comparable to BE Group AB?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel 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 BE Group AB stock attractive at the current price?
The data as of Oct 2, 2026: price kr 25.70, calculated fair value kr 20.00 (−22%), Quality Score 33/100, from 2 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 BEGR calculated?
We run BE Group AB through 2 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 20.00, 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 14.8 % above its aggregate fair value. BE Group AB 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 BE Group AB (BEGR)?
The closing price on Oct 13, 2026 was kr 25.70. Our model-based fair value is kr 20.00, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BE Group AB right now?
Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (kr 14.93 to kr 29.85) 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 BE Group AB
How large is the market capitalisation of BE Group AB (BEGR)?
The market capitalisation of BE Group AB is 501M SEK (≈ $49.9M). 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 BE Group AB (BEGR)?
The price-to-sales ratio of BE Group AB is 0.13 (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 BE Group AB (BEGR)?
Earnings per share at BE Group AB are kr 1.76 (price ÷ EPS = P/E 14.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of BE Group AB (BEGR)?
The net margin of BE Group AB is −13.7% (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 BE Group AB (BEGR)?
The return on equity (ROE) of BE Group AB is −5.0% (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 BE Group AB (BEGR)?
On an EBIT basis the return on assets of BE Group AB is 4.9% (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 BE Group AB (BEGR)?
The operating margin of BE Group AB is 1.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BE Group AB (BEGR)?
Revenue at BE Group AB is growing +1.1% versus a year earlier (3y avg −17.0%). 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 BE Group AB (BEGR)?
Earnings per share at BE Group AB are growing −94.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does BE Group AB (BEGR) generate?
The free cash flow of BE Group AB is −20.0M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does BE Group AB (BEGR) carry?
The net debt of BE Group AB is 626M SEK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch BE Group AB in the live analysis
One click puts BE Group AB on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener.
