EN DE

Björn Borg AB (BORG) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 1.7B SEK

BB Björn Borg AB BORG · ST
Pricekr 64.90
Fair Valuekr 44.92
Upside-30.8%
Quality68/100
Watch Björn Borg AB for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 8.7% net margin
Low debt · generates free cash flow
4.68% dividend yield
Ranks above peers (9/14)
Moderate moat 60/100
Evidence: High Range kr 26.90 – kr 74.55 Share as image

Fair value as of: Jul 16, 2026

From 24 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from kr 45.09 to kr 44.92 (−0.4%) since Jul 15, 2026. Share price −1.2% over the past month.

A solid business, but screening 31% overvalued on our models.

What matters now

  • The model range is unusually wide (kr 26.90 to kr 74.55). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

kr 72.64 kr 20.26 Fair Value kr 44.92 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range kr 20.26 – kr 72.64 · fair‑value band kr 26.90 – kr 74.55 · the kr 64.90 price screens above the kr 44.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Björn Borg AB (BORG) currently trades at kr 64.90, while our model-based Fair Value estimate is kr 44.92, implying the stock looks roughly 30.8% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Björn Borg AB generated revenue of 1.1B SEK at a net margin of 8.7%. Revenue grew 7.3% year over year. It earns a return on equity of 23.9%. Net debt stands at 94.2M SEK. Fundamentals as of Jul 16, 2026

Our scenario range runs from kr 26.90 (bear case) to kr 74.55 (bull case); at kr 64.90, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 24% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at -31%, BORG screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Growth DCF kr 17.52 kr 24.15 kr 32.48 80
Residual Income kr 20.67 kr 27.91 kr 119.42 76
Rev-Margin DCF kr 27.11 kr 45.04 kr 65.64 74
All 24 models by family
DCF Models
FCF DCF kr 17.42 kr 25.09 kr 35.36 38
Owner Earnings kr 42.08 kr 60.93 kr 86.20 31
5Y Revenue Exit kr 27.11 kr 45.28 kr 68.71 39
5Y EBITDA Exit kr 32.26 kr 54.95 kr 81.61 41
5Y P/E Exit kr 39.34 kr 68.22 kr 98.78 38
10Y Revenue Exit kr 21.99 kr 36.65 kr 56.68 36
10Y EBITDA Exit kr 25.89 kr 42.79 kr 65.69 37
10Y P/E Exit kr 30.02 kr 51.22 kr 77.70 35
Earnings-Based
Graham-Dodd kr 24.84 kr 78.79 kr 104.99 54
Lynch FV kr 17.34 kr 24.77 kr 32.20 50
PEG = 1.0 kr 17.34 kr 24.77 kr 32.20 46
EPV kr 24.91 kr 28.23 kr 31.00 59
Multiples
P/E Multiple kr 60.27 kr 80.37 kr 100.46 63
P/S Multiple kr 37.28 kr 49.71 kr 62.13 58
P/B Multiple kr 43.67 kr 58.23 kr 72.78 55
EV/EBIT kr 55.43 kr 73.72 kr 92.02 53
EV/EBITDA kr 47.51 kr 63.17 kr 78.82 54
EV/Revenue kr 35.33 kr 50.24 kr 65.16 43
Asset-Based
NCAV (Graham) kr 7.28 kr 9.75 kr 14.56 50
Growth DCF
Growth DCF kr 17.52 kr 24.15 kr 32.48 80
Rev-Margin DCF kr 27.11 kr 45.04 kr 65.64 74
Economic Profit
Residual Income kr 20.67 kr 27.91 kr 119.42 76
ROIC Compounder kr 26.32 kr 31.82 kr 37.84 72
Growth Earnings
Growth-Adj P/E kr 49.92 kr 71.31 kr 92.71 68

Widest divergence: Growth Earnings (kr 71.31) versus Asset-Based (kr 9.75). Highest evidence: Growth DCF (80).

Notify me when BORG reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 1.1B SEK
Revenue growth (YoY) +7.3%
Net margin 8.7%
Return on equity 23.9%
Free cash flow 45.1M SEK FY2025
P/E ratio 17.2
More key figures
Operating margin 13.5%
EPS (TTM) kr 3.70
Dividend yield 4.8%
EPS growth (YoY) +2.7%
Net debt 94.2M SEK FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 66 · Market factors (momentum, volatility) 55

Profitability 79
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Björn Borg AB (publ), together with its subsidiaries, manufactures, distributes, and sale underwear, sportswear, footwear, bags, eyewear under the Björn Borg brand. The company operates through Wholesale, Own E-Commerce, Own Stores, Distributor, and Licensing segments.

Full company description

Björn Borg AB (publ), together with its subsidiaries, manufactures, distributes, and sale underwear, sportswear, footwear, bags, eyewear under the Björn Borg brand. The company operates through Wholesale, Own E-Commerce, Own Stores, Distributor, and Licensing segments. It offers underwear, sleepwear, socks, clothing collections, and sports products for men, women, and children through independent retailers, apparel and sporting goods chains, department and Björn Borg stores, and e-commerce sites. The company also provides casual and sports designer shoes for men and women through independent retailers, shoe and sports chains, e-tailers, Björn Borg stores, and www.bjornborg.com; and backpacks, sports, gym, and duffle bags, as well as wallets, gloves, and belts through luggage and sporting goods shops, retail chains, department stores and Björn Borg stores, shop-in-shops, and e-commerce sites. In addition, it offers boxers, trunks, briefs, loose boxers, multipacks, underwear subscription, and underwear guide; t-shirts, shorts, sweatshirts, hoodies, sweaters, pants, tights, jackets, vests, swimwear, and loungewear; slippers, sneakers, boots, and sandals; socks, beanies and caps, and other accessories; tote, toiletry, and travel bags, and trolleys. Further, the company provides skirts and dresses, tops, sports bra, hipsters, thongs, high-waist briefs, and bras, as well as products for gym and training, recovery, tennis and padel, running, yoga and pilates, and loungewear activities. Additionally, it offers spectacle sunglasses through the licensee's distribution organizations, fashion boutiques, department stores, and Björn Borg stores. The company sells its products in Sweden, the Netherlands, Finland, Germany, Belgium, Norway, Denmark, England, Switzerland, Austria, Slovenia, France, and Canada. Björn Borg AB (publ) was founded in 1984 and is headquartered in Solna, Sweden.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Björn Borg AB reported revenue of kr 1.0B in FY2025 versus kr 796M in FY2021, a compound +7.0%/yr. Reported net income was kr 92.1M in FY2025, compounding +1.7%/yr from FY2021.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.0B SEK
Latest YoY
+5.5%
Avg. growth/yr (3Y) 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.
+7.7%
Avg. growth/yr (5Y) 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.
+8.2%
Avg. growth/yr (24Y) 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.
+9.5%
Revenue +7.0%/yr
FY21 kr 796M
FY22 kr 835M
FY23 kr 872M
FY24 kr 990M
FY25 kr 1.0B
Net income +1.7%/yr
FY21 kr 86.0M
FY22 kr 50.9M
FY23 kr 76.0M
FY24 kr 72.7M
FY25 kr 92.1M
Character of growth · EPS growth decomposed (2014-2025) +6.2 % p.a.
Revenue per share +5.9 pp

of which total revenue +5.8 pp · buybacks/dilution +0.1 pp

EBIT margin +0.3 pp
Tax rate +0.6 pp
Residual (interest, one-offs) −0.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

BORG screens 31% overvalued. Compare with H & M Hennes & Mauritz AB →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Björn Borg AB Fair Value". https://www.fairvalue-calculator.com/stock/BORG

Peer Group

Apparel Manufacturing · 212 stocks

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.

Quality Score 68 · Top 25%
Fair Value upside −31% · Below median
Return on equity (TTM) 24% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth 7% · Above median
Dividend yield (TTM) 4.7% · Above median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 17.7× · Cheaper than median
P/B 4.51× · Pricier than 75% of peers
P/S (TTM) 1.55× · Pricier than median
P/FCF 3.9× · Pricier than median
EV/EBITDA 15.5× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 32
FUTURE 37 · sector 4
PAST 95 · sector 21
HEALTH 100 · sector 98
DIVIDEND 94 · sector 49

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
Moncler S.p.A MONC €52.08 €50.69 -3%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%
Youngone Corporation 111770 87,600 KRW 196,629 KRW +124%

Compare Björn Borg AB with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Björn Borg AB (BORG) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of kr 44.92 versus a price of kr 64.90, about −31% (overvalued).
What is the fair value of BORG?
Our model-based fair value for Björn Borg AB is kr 44.92 (as of Jul 16, 2026), built from audited fundamentals. The current price is kr 64.90.
What is the quality score of BORG?
Björn Borg AB has a Quality Score of 68/100. 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 revenue of Björn Borg AB (BORG)?
Björn Borg AB reported trailing-twelve-month revenue of about 1.1B SEK (latest available figure, as of Jul 16, 2026).
What is the net profit margin of BORG?
The net profit margin of Björn Borg AB is about 8.7%, meaning it keeps roughly 8.7% of revenue as net income. Based on the latest reported figures.
Does Björn Borg AB pay a dividend?
Björn Borg AB currently shows a dividend yield of about 4.76% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Björn Borg AB and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.