Bang & Olufsen (BO) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Bang & Olufsen DKK 6.42, price DKK 10.14, upside -36.7%, 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 7.79 – kr 36.66 · fair‑value band kr 5.31 – kr 8.11 · the kr 10.14 price screens above the kr 6.42 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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Bang & Olufsen A/S designs, develops, markets, manufactures, and sells audio and video products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.
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Bang & Olufsen A/S designs, develops, markets, manufactures, and sells audio and video products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It offers portable and home audio speakers, as well as stereo, multiroom speaker sets, architectural speakers, and accessories; over-ear, in-ear, and headphones accessories; televisions, and remotes and smart home products; soundbars; accessories, such as cases and covers, ear tips and ear cushions, cables, brackets and stands, straps, and chargers and adapters. The company sells its products through its stores and online. The company was founded in 1925 and is headquartered in Struer, Denmark.
Stock analysis
Bang & Olufsen (BO) currently trades at kr 10.14, while our model-based Fair Value estimate is kr 6.42, implying the stock looks roughly 58.0% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 7.02 per share, and 1 of the 10 models we run sit above the kr 10.14 price.
Bear case: the Asset-Based group reads lowest at kr 4.73, and 9 of the 10 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 5.31 (bear) to kr 8.11 (bull), the price of kr 10.14 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 45/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Bang & Olufsen reported revenue of 2.5B DKK in FY2026 versus 2.9B DKK in FY2022, a compound −4.3%/yr. Reported net income was −107M DKK in FY2026.
Key figures
Market cap 1.4B DKK (≈ $220M) · P/S ratio 0.52 · EPS (TTM) kr −0.7000 · Net margin −4.3% · Return on equity −10.0% · Return on assets (EBIT) −0.4% · Operating margin 4.7% · Revenue (TTM) 2.5B DKK.
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 31% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −37% fair-value upside, at −37%, BO screens cheaper than that median.
Fair Value models
Bear kr 5.31Fair Value kr 6.42Bull kr 8.11
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.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.20/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−3.3%
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.
−3.5%
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.
−1.2%
Start year 2021 (pandemic). Over 10 years: −0.6% a year
Revenue growth 27 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.
−1.2%
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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.
0.7% (2021) → −0.3% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
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).
+26.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Denmark: IMF forecast 2.1% a year to 2030, 2.0% from 2016 to 2025) that is about +24.1% 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.Consumer Electronics · 128 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−36% · Below median
Profitability
Return on assets0% · Below median
Net margin (TTM)−4% · Bottom 25%
Operating margin (TTM)5% · Above median
Growth and dividend
Revenue growth−6% · Below median
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Consumer Electronics median · lower = cheaper
P/B0.22× · Cheapest 25%
P/S (TTM)0.09× · Cheapest 25%
P/FCF4.7× · Pricier than median
EV/EBITDA2.0× · Cheapest 25%
PEG3.81× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 9
FUTURE (revenue growth)0· sector 6
PAST (return on equity)0· sector 18
HEALTH (low debt)98· sector 97
DIVIDEND (yield)0· sector 32
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.
As of Sep 24, 2026, our model estimates a fair value of kr 6.42 versus a price of kr 10.14, about −37% upside (overvalued).
What is the fair value of BO?
Our model-based fair value for Bang & Olufsen is kr 6.42 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 10.14.
What is the quality score of BO?
Bang & Olufsen 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 Bang & Olufsen (BO)?
Our model-based price target is the fair value of kr 6.42 (as of Sep 24, 2026) from 10 valuation models. Cautious scenario kr 5.31, optimistic scenario kr 8.11. It is a calculation from audited fundamentals, not an analyst target.
What is the Bang & Olufsen stock forecast for 2026?
Our models put fair value at kr 6.42, about −37% upside versus a price of kr 10.14 (overvalued). Cautious scenario kr 5.31, optimistic scenario kr 8.11. The calculation is refreshed regularly with new filings.
What is the revenue of Bang & Olufsen (BO)?
Bang & Olufsen reported trailing-twelve-month revenue of about 2.5B DKK (latest available figure, as of Sep 24, 2026).
What growth is priced into Bang & Olufsen (BO)?
For today's price to be fair in a discounted-cash-flow model, Bang & Olufsen would have to grow free cash flow by +26.7 % per year for five years (discount rate 13.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BO use?
Our models discount Bang & Olufsen at 13.7 %: a base by market capitalisation (micro), damped by beta 1.37, country premium for Denmark. 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 Bang & Olufsen that is +26.7 % per year a year over ten years, using the same discount rate (13.7 %) and the same formula as our fair value.
How much growth has Bang & Olufsen (BO) delivered so far?
Over the past 5 years revenue at Bang & Olufsen grew -1.2 % a year. The price currently implies +26.7 % 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 Bang & Olufsen (BO) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Bang & Olufsen (+26.7 % 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 Bang & Olufsen (BO)?
The free-cash-flow yield on the price is 3.25 %: that much free cash flow Bang & Olufsen produces per unit of market value. When it exceeds the discount rate of our models (13.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bang & Olufsen (BO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bang & Olufsen it is kr 6.42 per share (as of Sep 24, 2026), against a price of kr 10.14. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Bang & Olufsen stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BO trades above its calculated fair value: price kr 10.14, fair value kr 6.42, a gap of about −37% (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 BO?
No. The price is what the market pays today (kr 10.14); the fair value is what the company's own numbers justify (kr 6.42). For Bang & Olufsen the two are kr 3.72 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bang & Olufsen worth?
The market values Bang & Olufsen at about 1.4B DKK (market capitalisation, as of Sep 24, 2026). Per share that is kr 10.14; our models calculate a fair value of kr 6.42 per share.
What do the bullish and bearish scenarios say about BO?
Our models span a range for Bang & Olufsen: cautious scenario kr 5.31, base kr 6.42, optimistic kr 8.11 per share (as of Sep 24, 2026, price kr 10.14). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of BO?
The PEG ratio of Bang & Olufsen is 3.81 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Bang & Olufsen (BO)?
Balance-sheet figures for Bang & Olufsen (as of Sep 24, 2026): return on equity −10.0%, debt of 0.04 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is BO from its 52-week high?
Bang & Olufsen trades at kr 10.14, about 31% below its 52-week high of kr 14.74 and 19% above the low of kr 8.50 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 6.42 is for.
Which stocks are comparable to Bang & Olufsen?
From the same area (Technology) we also value Samsung Electronics Co, Sony Group, Xiaomi Corporation, LG Electronics 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 Bang & Olufsen stock attractive at the current price?
The data as of Sep 24, 2026: price kr 10.14, calculated fair value kr 6.42 (−37%), Quality Score 45/100, from 10 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 BO calculated?
We run Bang & Olufsen through 10 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 6.42, 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 13.0 % above its aggregate fair value. Bang & Olufsen 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 Bang & Olufsen (BO)?
The closing price on Sep 24, 2026 was kr 10.14. Our model-based fair value is kr 6.42, about −37% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bang & Olufsen right now?
The price sits above even our optimistic bull case (kr 8.11). The favourable scenario is already priced in. Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Bang & Olufsen
How large is the market capitalisation of Bang & Olufsen (BO)?
The market capitalisation of Bang & Olufsen is 1.4B DKK (≈ $220M). 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 Bang & Olufsen (BO)?
The price-to-sales ratio of Bang & Olufsen is 0.52 (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 Bang & Olufsen (BO)?
Earnings per share at Bang & Olufsen are kr −0.7000. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bang & Olufsen (BO)?
The net margin of Bang & Olufsen is −4.3% (fiscal year 2026). 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 Bang & Olufsen (BO)?
The return on equity (ROE) of Bang & Olufsen is −10.0% (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 Bang & Olufsen (BO)?
On an EBIT basis the return on assets of Bang & Olufsen is −0.4% (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 Bang & Olufsen (BO)?
The operating margin of Bang & Olufsen is 4.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bang & Olufsen (BO)?
Revenue at Bang & Olufsen is growing −6.3% versus a year earlier (3y avg −3.5%). 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 Bang & Olufsen (BO)?
Earnings per share at Bang & Olufsen are growing +265% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bang & Olufsen (BO) carry?
The net debt of Bang & Olufsen is 482M DKK (fiscal year 2026, ≈ 10.3 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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