Clas Ohlson AB (publ) (CLAS-B) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of Clas Ohlson AB (publ) stock SEK 445, price SEK 479, upside -7.2%, quality 73 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 13, 2026.
How to read this chart
60‑month range kr 57.03 – kr 479.20 · fair‑value band kr 333.69 – kr 556.15 · the kr 479.20 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 Oct 13, 2026.
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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.
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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.
Stock analysis
Clas Ohlson AB (publ) (CLAS-B) currently trades at kr 479.20, while our model-based Fair Value estimate is kr 444.92, so the stock looks roughly fairly valued today (gap 7.7%).
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 534.34 per share, and 7 of the 24 models we run sit above the kr 479.20 price.
Bear case: the Earnings-Based group reads lowest at kr 125.18, and 17 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 333.69 (bear) to kr 556.15 (bull), the price of kr 479.20 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 73/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Clas Ohlson AB (publ) 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.
Key figures
Market cap 30.6B SEK (≈ $3.1B) Mid · P/E ratio 21.8 · P/S ratio 2.36 · EPS (TTM) kr 19.74 · Dividend yield 1.5% · Net margin 9.7% · Return on equity 41.3% · Return on assets (EBIT) 13.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 71 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 70% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 9% fair-value upside, at −7%, CLAS-B screens richer than that median.
Fair Value models
Bearkr 333.69Fair Value kr 444.92Bullkr 556.15
Price kr 479.20 · Upside -7.2%
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 2026 figures (about 6 months old). Earnings retained since then (kr 6.04 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.82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.6%
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.
+11.5%
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.
+8.6%
Start year 2021 (pandemic). Over 10 years: +5.1% 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.
+8.0%
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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.
+23.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.4%
Dividend (yield on the price)1.5%
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.22.4% vs 9.7%, picking up
Profit margin 2021 to 2026 ⓘ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.7% → 12%
2026 sits 128% 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 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
+3.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +1.2% a year for the price and +4.7% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Very negative
AI conclusion: Moderate moat signals arise from high ROE and a debt-free balance sheet, yet thin retail margins and limited category data constrain overall quality.
Main risk: Faster digital expansion risks reshaping the core operations built around the existing store base and thereby affecting sustained performance in the omnichannel model.
Clas Ohlson delivered 12 percent organic sales growth in September, driven mainly by stores already operating a year earlier rather than new openings. E-commerce continues to outpace the overall business while acquisitions add further momentum to the omnichannel model. Will the proven strength of the existing store base sustain long-term performance, or will faster digital expansion reshape the core operations?
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.Specialty Retail · 199 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside−7.2% · Below median
Profitability
Return on equity (12 months)41.3% · Top 25%
Return on assets14.8% · Top 25%
Net margin (12 months)9.7% · Top 25%
Operating margin (12 months)12.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)16.5% · Above median
Dividend yield (12 months)1.5% · Bottom 25%
Valuation Multiplesvs Specialty Retail 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). "Clas Ohlson AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/CLAS-B
Frequently asked questions
Is Clas Ohlson AB (publ) (CLAS-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 444.92 versus a price of kr 479.20, about −7% upside (fairly valued).
What is the fair value of CLAS-B?
Our model-based fair value for Clas Ohlson AB (publ) is kr 444.92 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 479.20.
What is the quality score of CLAS-B?
Clas Ohlson AB (publ) has a Quality Score of 73/100. 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 Clas Ohlson AB (publ) (CLAS-B)?
Our model-based price target is the fair value of kr 444.92 (as of Oct 13, 2026) from 24 valuation models. Cautious scenario kr 333.69, optimistic scenario kr 556.15. It is a calculation from audited fundamentals, not an analyst target.
What is the Clas Ohlson AB (publ) stock forecast for 2026?
Our models put fair value at kr 444.92, about −7% upside versus a price of kr 479.20 (fairly valued). Cautious scenario kr 333.69, optimistic scenario kr 556.15. The calculation is refreshed regularly with new filings.
What is the revenue of Clas Ohlson AB (publ) (CLAS-B)?
Clas Ohlson AB (publ) reported trailing-twelve-month revenue of about 13.0B SEK (latest available figure, as of Oct 13, 2026).
Does Clas Ohlson AB (publ) pay a dividend?
Clas Ohlson AB (publ) currently shows a dividend yield of 1.46% relative to its recent price (as of Oct 13, 2026).
What growth is priced into Clas Ohlson AB (publ) (CLAS-B)?
For today's price to be fair in a discounted-cash-flow model, Clas Ohlson AB (publ) would have to grow free cash flow by +3.2 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.6 % per year. As of Oct 13, 2026.
What discount rate (WACC) does the fair value of CLAS-B use?
Our models discount Clas Ohlson AB (publ) at 9.3 %: a base by market capitalisation (mid), damped by beta 0.93, 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 Clas Ohlson AB (publ) that is +3.2 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Clas Ohlson AB (publ) (CLAS-B) delivered so far?
Over the past 5 years revenue at Clas Ohlson AB (publ) grew +8.6 % a year. The price currently implies +3.2 % 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 Clas Ohlson AB (publ) (CLAS-B) growing?
The median revenue growth in the sector is +4.3 % a year. That is the yardstick for the growth priced into Clas Ohlson AB (publ) (+3.2 % 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 Clas Ohlson AB (publ) (CLAS-B)?
The free-cash-flow yield on the price is 6.32 %: that much free cash flow Clas Ohlson AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Clas Ohlson AB (publ) (CLAS-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Clas Ohlson AB (publ) it is kr 444.92 per share (as of Oct 13, 2026), against a price of kr 479.20. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Clas Ohlson AB (publ) stock overvalued or undervalued in 2026?
As of Oct 13, 2026, CLAS-B trades above its calculated fair value: price kr 479.20, fair value kr 444.92, a gap of about −7% (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 CLAS-B?
No. The price is what the market pays today (kr 479.20); the fair value is what the company's own numbers justify (kr 444.92). For Clas Ohlson AB (publ) the two are kr 34.28 per share apart. That gap is exactly why we show both numbers side by side.
How much is Clas Ohlson AB (publ) worth?
The market values Clas Ohlson AB (publ) at about 30.6B SEK (market capitalisation, as of Oct 13, 2026). Per share that is kr 479.20; our models calculate a fair value of kr 444.92 per share.
What do the bullish and bearish scenarios say about CLAS-B?
Our models span a range for Clas Ohlson AB (publ): cautious scenario kr 333.69, base kr 444.92, optimistic kr 556.15 per share (as of Oct 13, 2026, price kr 479.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CLAS-B?
Clas Ohlson AB (publ) trades at a price-to-earnings ratio of 21.8 (as of Oct 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 444.92 is built from several models across several years. Other multiples: PEG 3.1, P/B 9.7, P/S 2.4, EV/EBITDA 16.0.
What is the PEG ratio of CLAS-B?
The PEG ratio of Clas Ohlson AB (publ) is 3.14 (P/E divided by earnings growth, as of Oct 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Clas Ohlson AB (publ) (CLAS-B)?
Balance-sheet figures for Clas Ohlson AB (publ) (as of Oct 13, 2026): return on equity 41.3%. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is CLAS-B from its 52-week high?
Clas Ohlson AB (publ) trades at kr 479.20, at its 52-week high of kr 479.20 and 70% above the low of kr 282.33 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 444.92 is for.
Which stocks are comparable to Clas Ohlson AB (publ)?
From the same area (Consumer Cyclical) we also value Alimentation Couche-Tard Inc, Williams-Sonoma, Inc, Ulta Beauty, Inc, Casey's General Stores, 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 Clas Ohlson AB (publ) stock attractive at the current price?
The data as of Oct 13, 2026: price kr 479.20, calculated fair value kr 444.92 (−7%), Quality Score 73/100, 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 CLAS-B calculated?
We run Clas Ohlson AB (publ) 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 444.92, 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. Clas Ohlson AB (publ) 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 Clas Ohlson AB (publ) (CLAS-B)?
The closing price on Oct 19, 2026 was kr 479.20. Our model-based fair value is kr 444.92, about −7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Clas Ohlson AB (publ) right 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.
Where does the earnings growth of Clas Ohlson AB (publ) (CLAS-B) come from?
Earnings per share at Clas Ohlson AB (publ) grew +7.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +4.5 %, EBIT margin +3.2 %, tax rate +0.3 %, residual (interest, one-offs) −0.6 %. 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 Clas Ohlson AB (publ)
How large is the market capitalisation of Clas Ohlson AB (publ) (CLAS-B)?
The market capitalisation of Clas Ohlson AB (publ) is 30.6B SEK (≈ $3.1B). 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 Clas Ohlson AB (publ) (CLAS-B)?
The price-to-sales ratio of Clas Ohlson AB (publ) is 2.36 (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 Clas Ohlson AB (publ) (CLAS-B)?
Earnings per share at Clas Ohlson AB (publ) are kr 19.74 (price ÷ EPS = P/E 21.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Clas Ohlson AB (publ) (CLAS-B)?
The dividend yield of Clas Ohlson AB (publ) is 1.5% (payout 35.5%). 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 Clas Ohlson AB (publ) (CLAS-B)?
The net margin of Clas Ohlson AB (publ) is 9.7% (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 Clas Ohlson AB (publ) (CLAS-B)?
The return on equity (ROE) of Clas Ohlson AB (publ) is 41.3% (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 Clas Ohlson AB (publ) (CLAS-B)?
On an EBIT basis the return on assets of Clas Ohlson AB (publ) is 13.5% (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 Clas Ohlson AB (publ) (CLAS-B)?
The operating margin of Clas Ohlson AB (publ) is 12.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Clas Ohlson AB (publ) (CLAS-B)?
Revenue at Clas Ohlson AB (publ) is growing +16.5% versus a year earlier (3y avg +11.5%). 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 Clas Ohlson AB (publ) (CLAS-B)?
Earnings per share at Clas Ohlson AB (publ) are growing +44.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Clas Ohlson AB (publ) (CLAS-B) carry?
The net debt of Clas Ohlson AB (publ) is 63.4M SEK (fiscal year 2026, ≈ 0.0 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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Broad data
Oct 13, 2026