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Clas Ohlson AB (CLAS-B) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 25.7B SEK (≈ $2.7B) · ISIN SE0000584948

What is Clas Ohlson AB really worth?

CO Clas Ohlson AB CLAS-B · ST
Pricekr 450.20
Fair Valuekr 444.92
Upside−1.2%
Quality72/100

A solid business, currently priced close to our fair value of kr 444.92.

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Strengths

Healthy Growth (revenue 5y +8.6 %/yr)
generates free cash flow
Wide moat 68/100

Risks

!Thin margins · 9.3% net margin
!Mixed vs. peers (8/14)

For context

·1.55% dividend yield
Evidence: High Range kr 333.69 – kr 556.15

Fair value as of: Aug 17, 2026

From 24 valuation models · updated 19 days ago

Share price +6.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters 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.

Price vs Fair Value (5 years)

kr 474.60 kr 57.03 Fair Value kr 444.92 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.

How to read this chart

60‑month range kr 57.03 – kr 474.60 · fair‑value band kr 333.69 – kr 556.15 · the kr 450.20 price screens above the kr 444.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 17, 2026.

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Analysis

Clas Ohlson AB (CLAS-B) currently trades at kr 450.20, while our model-based Fair Value estimate is kr 444.92, implying the stock looks roughly 1.2% fairly valued today. The Quality Score stands at 72/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of kr 536.49 per share, and 9 of the 24 models we run sit above the kr 450.20 price. Bear case: the Earnings-Based group reads lowest at kr 125.18, and 15 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Clas Ohlson AB generated revenue of 12.5B SEK at a net margin of 9.3%. Revenue grew 11.4% year over year. It earns a return on equity of 42.1%. Net debt stands at 63.4M SEK. Fundamentals as of Aug 17, 2026

Our scenario range runs from kr 333.69 (bear case) to kr 556.15 (bull case); at kr 450.20, 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 1% below its 52-week high and 66% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −11% fair-value upside, at −1%, CLAS-B screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 4 months have passed since. In that time the company retained roughly kr 3.96 per share, which is 0.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence kr 408.83 kr 612.56 kr 920.53 78
Growth DCF kr 415.98 kr 597.53 kr 855.95 76
Owner Earnings kr 364.10 kr 543.67 kr 815.10 73
All 24 models by family
DCF Models
FCF DCF best evidence kr 408.83 kr 612.56 kr 920.53 78
Owner Earnings kr 364.10 kr 543.67 kr 815.10 73
5Y Revenue Exit kr 276.26 kr 387.74 kr 525.33 71
5Y EBITDA Exit kr 365.67 kr 553.81 kr 769.81 72
5Y P/E Exit kr 356.34 kr 536.49 kr 722.62 68
10Y Revenue Exit kr 315.50 kr 427.99 kr 571.05 65
10Y EBITDA Exit kr 377.83 kr 542.85 kr 756.44 66
10Y P/E Exit kr 371.91 kr 530.87 kr 720.66 62
Earnings-Based
Graham-Dodd kr 137.52 kr 412.88 kr 547.11 65
Lynch FV kr 87.63 kr 125.18 kr 162.74 61
PEG = 1.0 kr 87.63 kr 125.18 kr 162.74 57
EPV kr 232.33 kr 265.76 kr 295.01 70
Multiples
P/E Multiple kr 333.69 kr 444.92 kr 556.15 63
P/S Multiple kr 194.84 kr 259.79 kr 324.74 58
P/B Multiple kr 163.70 kr 218.26 kr 272.83 55
EV/EBIT kr 388.40 kr 507.27 kr 626.15 63
EV/EBITDA kr 381.63 kr 498.24 kr 614.86 64
EV/Revenue kr 213.62 kr 291.56 kr 369.50 51
Asset-Based
NCAV (Graham) kr 27.28 kr 36.56 kr 54.57 51
Growth DCF
Growth DCF kr 415.98 kr 597.53 kr 855.95 76
Rev-Margin DCF kr 276.26 kr 391.88 kr 525.09 71
Economic Profit
Residual Income kr 147.34 kr 214.48 kr 2,156 64
ROIC Compounder kr 237.81 kr 278.50 kr 318.44 70
Growth Earnings
Growth-Adj P/E kr 271.29 kr 387.55 kr 503.82 67

Widest divergence: DCF Models (kr 536.49) versus Asset-Based (kr 36.56). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/E ratio 22.1 as of Jul 18, 2026
P/S ratio 2.07 P/E × margin
EPS (TTM) kr 18.29 price ÷ EPS = P/E 22.1
Dividend yield 1.6% payout 38.3%
Net margin 9.3% FY2026
Return on equity 42.1% TTM
More key figures
Profitability
Return on assets (EBIT) 13.5% avg 5y
Operating margin 6.8% TTM
Growth
Revenue (TTM) 12.5B SEK TTM
Revenue growth (YoY) +11.4% 3y avg +11.5%
EPS growth (YoY) +74.6%
Balance sheet & cash flow
Free cash flow 1.9B SEK FY2026
Net debt 63.4M SEK FY2026 · ≈ 0.0 yrs of FCF

Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 74 · Market factors (momentum, volatility) 70

Profitability 86
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 41
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 69
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 79
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Clas Ohlson AB (publ), a retail company, sells building, electrical, multimedia, home, and leisure products in Sweden, Norway, Finland, and internationally. It also provides mobile phones; electronics spare parts and accessories; and batteries.

Full company description

Clas Ohlson AB (publ), a retail company, sells building, electrical, multimedia, home, and leisure products in Sweden, Norway, Finland, and internationally. It also provides mobile phones; electronics spare parts and accessories; and batteries. In addition, the company provides trade services within carpentry, electrical work, and plumbing, as well as services in gardening, cleaning, etc. It sells its products through its stores, online shopping channel, and purchase offices. Clas Ohlson AB (publ) was founded in 1918 and is headquartered in Insjön, Sweden.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Clas Ohlson AB reported revenue of 12.5B SEK in FY2026 versus 8.8B SEK in FY2022, a compound +9.3%/yr. Reported net income was 1.2B SEK in FY2026, compounding +22.3%/yr from FY2022.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
12.5B SEK
Latest YoY
+7.6%
Avg. revenue 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.
+11.5%
Avg. revenue 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.
+8.6%
Avg. revenue growth/yr (23Y) 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.
+8.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+24.0% (22.4 + 1.6)
Revenue +9.3%/yr
FY22 8.8B SEK
FY23 9.0B SEK
FY24 10.2B SEK
FY25 11.6B SEK
FY26 12.5B SEK
Net income +22.3%/yr
FY22 523M SEK
FY23 181M SEK
FY24 509M SEK
FY25 882M SEK
FY26 1.2B SEK
Character of growth · EPS growth decomposed (2015-2026) +7.6 % p.a.
Revenue per share +4.5 %

of which total revenue +4.6 % · buybacks/dilution −0.1 %

EBIT margin +3.2 %
Tax rate +0.3 %
Residual (interest, one-offs) −0.6 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Clas Ohlson AB Fair Value". https://www.fairvalue-calculator.com/stock/CLAS-B

Peer Group

Specialty Retail · 220 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 72 · Top 25%
Fair Value upside −1% · Above median
Return on equity (TTM) 42% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 7% · Above median
Revenue growth 11% · Above median
Dividend yield (TTM) 1.6% · Below median

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/E (TTM) 22.1× · Pricier than median
P/B 8.15× · Pricier than 75% of peers
P/S (TTM) 2.05× · Pricier than 75% of peers
P/FCF 1.4× · Cheaper than median
EV/EBITDA 14.2× · Pricier than 75% of peers
PEG 3.14× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE32 · sector 31
FUTURE57 · sector 25
PAST100 · sector 27
HEALTH0 · sector 96
DIVIDEND31 · sector 57

Insider activity: 45/100

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

Similar stocks

10 more Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).

Stock Price Fair Value vs Fair Value
Alimentation Couche-Tard Inc ATD C$89.93 C$104.32 +16%
Casey's General Stores, Inc CASY $755.47 $398.90 −47%
Williams-Sonoma, Inc WSM $235.09 $162.63 −31%
Ulta Beauty, Inc ULTA $537.10 $475.40 −11%
DICK'S Sporting Goods, Inc DKS $202.66 $181.10 −11%
Best Buy Co BBY $82.44 $108.04 +31%
China Tourism Group 601888 ¥54.97 ¥40.40 −27%
Tractor Supply Company TSCO $34.72 $35.52 +2%
Five Below, Inc FIVE $259.41 $117.29 −55%
Murphy USA Inc MUSA $574.12 $423.35 −26%

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Frequently asked questions

Is Clas Ohlson AB (CLAS-B) overvalued or undervalued?
As of Aug 17, 2026, our model estimates a fair value of kr 444.92 versus a price of kr 450.20, about −1% upside (fairly valued).
What is the fair value of CLAS-B?
Our model-based fair value for Clas Ohlson AB is kr 444.92 (as of Aug 17, 2026), built from audited fundamentals. The current price: kr 450.20.
What is the quality score of CLAS-B?
Clas Ohlson AB has a Quality Score of 72/100. 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 Clas Ohlson AB (CLAS-B)?
Clas Ohlson AB reported trailing-twelve-month revenue of about 12.5B SEK (latest available figure, as of Aug 17, 2026).
What is the net profit margin of CLAS-B?
The net profit margin of Clas Ohlson AB is about 9.3%, meaning it keeps roughly 9.3% of revenue as net income. Based on the latest reported figures.
Does Clas Ohlson AB pay a dividend?
Clas Ohlson AB currently shows a dividend yield of about 1.55% relative to its recent price (as of Aug 17, 2026).
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