Berner Industrier B (BERNER-B) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Berner Industrier B stock SEK 79.70, price SEK 77.30, upside +3.1%, quality 65 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 2, 2026.
How to read this chart
60‑month range kr 16.64 – kr 112.78 · fair‑value band kr 54.00 – kr 103.60 · the kr 77.30 price screens below the kr 79.70 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 Berner Industrier B in your weekly email
Every Wednesday you see whether Berner Industrier B 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.
Berner Industrier AB engages in the technology distribution, and energy and environment business in Sweden, Norway, Finland, and Denmark.
Show moreShow less
It is involved in the technology and distribution business, that includes water purification, packaging equipment, vibration dampening, technical plastics, and process technology.
The company also provides energy and environment products, such as electric boilers, high pressure pumps, food and pharmaceutical pumps, industrial dampers, sound isolation, and noise-reducing control cabins.
In addition, it offers wear parts and noisy machinery for industrial corporates; dosing pumps; disinfection system; food packaging and related packaging materials; vibration-damping products, such as ballast and sleeper mats for vibration insulation, structure-borne noise, and impact sound attenuation.
The company was formerly known as Christian Berner Tech Trade AB (publ) and changed its name to Berner Industrier AB in May 2024. The company was founded in 1897 and is headquartered in Stockholm, Sweden.
Stock analysis
Berner Industrier B (BERNER-B) currently trades at kr 77.30, while our model-based Fair Value estimate is kr 79.70, so the stock looks roughly fairly valued today (gap 3.0%).
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 79.70 per share, and 11 of the 24 models we run sit above the kr 77.30 price.
Bear case: the Economic Profit group reads lowest at kr 27.47, and 13 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 54.00 (bear) to kr 103.60 (bull), the price of kr 77.30 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 65/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Berner Industrier B reported revenue of 1.0B SEK in FY2025 versus 743M SEK in FY2021, a compound +7.7%/yr. Reported net income was 72.1M SEK in FY2025, compounding +33.5%/yr from FY2021.
Key figures
Market cap 1.5B SEK (≈ $149M) Micro · P/E ratio 20.5 · P/S ratio 1.39 · EPS (TTM) kr 3.92 · Dividend yield 1.6% · Net margin 7.1% · Return on equity 25.6% · Return on assets (EBIT) 8.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −48% fair-value upside, at 3%, BERNER-B screens cheaper than that median.
Fair Value models
Bearkr 54.00Fair Value kr 79.70Bullkr 103.60
Price kr 77.30 · Upside +3.1%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 2.14 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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.9%
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.
+5.9%
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.
+7.5%
Start year 2020 (pandemic). Over 10 years: +8.4% a year
Revenue growth 15 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.
+8.4%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+19.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.9%
Dividend (yield on the price)1.6%
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.17.9% vs 14.4%, picking up
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.6% → 9%
2025 sits 92% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+9.7%
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 +7.6% a year for the price.
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.Specialty Industrial Machinery · 801 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+3.1% · Above median
Profitability
Return on equity (12 months)25.6% · Top 25%
Return on assets10.3% · Top 25%
Net margin (12 months)7.1% · Above median
Operating margin (12 months)8.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)17.3% · Above median
Dividend yield (12 months)1.6% · Above median
Balance sheet
Debt / equity0.21× · Above median
Valuation Multiplesvs Specialty Industrial Machinery 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). "Berner Industrier B Fair Value". https://www.fairvalue-calculator.com/stock/BERNER-B
Frequently asked questions
Is Berner Industrier B (BERNER-B) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of kr 79.70 versus a price of kr 77.30, about +3% upside (fairly valued).
What is the fair value of BERNER-B?
Our model-based fair value for Berner Industrier B is kr 79.70 (as of Oct 2, 2026), built from audited fundamentals. The current price: kr 77.30.
What is the quality score of BERNER-B?
Berner Industrier B has a Quality Score of 65/100. 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 Berner Industrier B (BERNER-B)?
Our model-based price target is the fair value of kr 79.70 (as of Oct 2, 2026) from 24 valuation models. Cautious scenario kr 54.00, optimistic scenario kr 103.60. It is a calculation from audited fundamentals, not an analyst target.
What is the Berner Industrier B stock forecast for 2026?
Our models put fair value at kr 79.70, about +3% upside versus a price of kr 77.30 (fairly valued). Cautious scenario kr 54.00, optimistic scenario kr 103.60. The calculation is refreshed regularly with new filings.
What is the revenue of Berner Industrier B (BERNER-B)?
Berner Industrier B reported trailing-twelve-month revenue of about 1.1B SEK (latest available figure, as of Oct 2, 2026).
Does Berner Industrier B pay a dividend?
Berner Industrier B currently shows a dividend yield of 1.62% relative to its recent price (as of Oct 2, 2026).
What growth is priced into Berner Industrier B (BERNER-B)?
For today's price to be fair in a discounted-cash-flow model, Berner Industrier B would have to grow free cash flow by +9.7 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.6 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of BERNER-B use?
Our models discount Berner Industrier B at 11.4 %: a base by market capitalisation (micro), damped by beta 0.65, 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 Berner Industrier B that is +9.7 % per year a year over ten years, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has Berner Industrier B (BERNER-B) delivered so far?
Over the past 5 years revenue at Berner Industrier B grew +7.6 % a year. The price currently implies +9.7 % 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 Berner Industrier B (BERNER-B) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Berner Industrier B (+9.7 % 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 Berner Industrier B (BERNER-B)?
The free-cash-flow yield on the price is 6.24 %: that much free cash flow Berner Industrier B produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Berner Industrier B (BERNER-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Berner Industrier B it is kr 79.70 per share (as of Oct 2, 2026), against a price of kr 77.30. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Berner Industrier B stock overvalued or undervalued in 2026?
As of Oct 2, 2026, BERNER-B trades below its calculated fair value: price kr 77.30, fair value kr 79.70, a gap of about +3% (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 BERNER-B?
No. The price is what the market pays today (kr 77.30); the fair value is what the company's own numbers justify (kr 79.70). For Berner Industrier B the two are kr 2.40 per share apart. That gap is exactly why we show both numbers side by side.
How much is Berner Industrier B worth?
The market values Berner Industrier B at about 1.5B SEK (market capitalisation, as of Oct 2, 2026). Per share that is kr 77.30; our models calculate a fair value of kr 79.70 per share.
What do the bullish and bearish scenarios say about BERNER-B?
Our models span a range for Berner Industrier B: cautious scenario kr 54.00, base kr 79.70, optimistic kr 103.60 per share (as of Oct 2, 2026, price kr 77.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BERNER-B?
Berner Industrier B trades at a price-to-earnings ratio of 20.5 (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 79.70 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 16.6. Other multiples: P/B 4.7, P/S 1.4, EV/EBITDA 13.6.
How solid is the balance sheet of Berner Industrier B (BERNER-B)?
Balance-sheet figures for Berner Industrier B (as of Oct 2, 2026): return on equity 25.6%, debt of 0.21 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is BERNER-B from its 52-week high?
Berner Industrier B trades at kr 77.30, about 31% below its 52-week high of kr 112.78 and 14% above the low of kr 67.57 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 79.70 is for.
Which stocks are comparable to Berner Industrier 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 Berner Industrier B stock attractive at the current price?
The data as of Oct 2, 2026: price kr 77.30, calculated fair value kr 79.70 (+3%), Quality Score 65/100, 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 BERNER-B calculated?
We run Berner Industrier 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 79.70, 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. Berner Industrier B currently trades 3 % 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 Berner Industrier B (BERNER-B)?
The closing price on Oct 19, 2026 was kr 77.30. Our model-based fair value is kr 79.70, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Berner Industrier B right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (kr 54.00 to kr 103.60) leaves room in how you read the outcome.
Where does the earnings growth of Berner Industrier B (BERNER-B) come from?
Earnings per share at Berner Industrier B grew +12.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.8 %, EBIT margin +5.3 %, tax rate −0.8 %, residual (interest, one-offs) −1.1 %. 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 Berner Industrier B
How large is the market capitalisation of Berner Industrier B (BERNER-B)?
The market capitalisation of Berner Industrier B is 1.5B SEK (≈ $149M). 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 Berner Industrier B (BERNER-B)?
The price-to-sales ratio of Berner Industrier B is 1.39 (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 Berner Industrier B (BERNER-B)?
Earnings per share at Berner Industrier B are kr 3.92 (price ÷ EPS = P/E 20.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Berner Industrier B (BERNER-B)?
The dividend yield of Berner Industrier B is 1.6% (payout 31.9%). 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 Berner Industrier B (BERNER-B)?
The net margin of Berner Industrier B is 7.1% (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 Berner Industrier B (BERNER-B)?
The return on equity (ROE) of Berner Industrier B is 25.6% (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 Berner Industrier B (BERNER-B)?
On an EBIT basis the return on assets of Berner Industrier B is 8.7% (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 Berner Industrier B (BERNER-B)?
The operating margin of Berner Industrier B is 8.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Berner Industrier B (BERNER-B)?
Revenue at Berner Industrier B is growing +17.3% versus a year earlier (3y avg +5.9%). 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 Berner Industrier B (BERNER-B)?
Earnings per share at Berner Industrier B are growing +14.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Berner Industrier B (BERNER-B) carry?
The net debt of Berner Industrier B is 151M SEK (fiscal year 2025, ≈ 1.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Berner Industrier B in the live analysis
One click puts Berner Industrier B on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 28,000+ stock screener.
Broad data
Oct 2, 2026