Clavister Holding AB (publ.) (CLAV) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Clavister Holding AB (publ.) SEK 0.68, price SEK 4.29, upside -84.1%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Clavister Holding AB (publ.)
CLAV · STWeakest SetupQuality growthStrongly overvalued and low quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
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 0.8728 – kr 6.08 · fair‑value band kr 0.5100 – kr 0.8500 · the kr 4.29 price screens above the kr 0.6800 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Company profile
Clavister Holding AB (publ.), together with its subsidiaries, develops, produces, and sells cybersecurity solutions in Sweden, rest of Europe, Asia, and internationally.
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Clavister Holding AB (publ.), together with its subsidiaries, develops, produces, and sells cybersecurity solutions in Sweden, rest of Europe, Asia, and internationally. It offers next-generation firewalls, including Clavister NetWall, a versatile next-generation firewalls, engineered to protect diverse environments; Clavister NetShield, a High-capacity next-generation firewalls for secure, efficient connectivity; and Clavister CyberArmour, a military-grade next-generation firewalls for defence applications and critical missions. The company also provides identity & access management solutions, such as Clavister IdAuth, a modern Identity Provider (IdP) platform that combines simple, user-friendly authentication with powerful security; Clavister IdAuth Cloud, a modern Identity Provider (IdP) as a Service that delivers simple, user-friendly authentication with strong security; Clavister IdSign, an on-prem solution for secure electronic signatures; and Clavister IdSphere, which streamlines and secures the full lifecycle of identities, offering accessible and powerful governance. In addition, it offers TactiGate XD, a military-grade cross-domain solution for land applications. Further, the company provides technical support and education and training services; and professional services, including installation and deployment, configuration and optimization, and yearly health check services. The company serves various industries, including energy utilities, transportation, public administration, cloud and datacenter services, education, defense, public safety, healthcare, and telecom operators. Clavister Holding AB (publ.), was founded in 1997 and is headquartered in Örnsköldsvik, Sweden.
Stock analysis
Clavister Holding AB (publ.) (CLAV) currently trades at kr 4.29, while our model-based Fair Value estimate is kr 0.6800, implying the stock looks roughly 530.1% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 1.50 per share, and 0 of the 21 models we run sit above the kr 4.29 price.
Bear case: the Earnings-Based group reads lowest at kr 0.1600, and 21 of the 21 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 0.5100 (bear) to kr 0.8500 (bull), the price of kr 4.29 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 43/100 (below-average quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Clavister Holding AB (publ.) reported revenue of 219M SEK in FY2025 versus 134M SEK in FY2021, a compound +13.1%/yr. Reported net income was 5.3M SEK in FY2025.
Key figures
Market cap 1.9B SEK (≈ $193M) · P/E ratio 428.6 · P/S ratio 10.4 · EPS (TTM) kr 0.0100 · Net margin 2.4% · Return on equity 49.3% · Return on assets (EBIT) −11.0% · Operating margin 3.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 54% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at −84%, CLAV screens richer than that median.
Fair Value models
All 21 models by family
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Set up alert →Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 41
Revenue & earnings trend
Growth Forecast
CLAV screens 530% overvalued. Compare with Microsoft Corporation →
Compare Clavister Holding AB (publ.) with another stock
Price, fair value, quality and upside side by side.
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.Software - Infrastructure · 383 stocks
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Valuation of the Sweden market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate.
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| Fortinet, Inc FTNT | $178.74 | $164.92 | −8% |
| Synopsys, Inc SNPS | $413.06 | $250.04 | −39% |
| Block, Inc XYZ | $74.68 | $101.29 | +36% |
| CoreWeave, Inc CRWV | $86.90 | $71.79 | −17% |
| NetApp, Inc NTAP | $192.91 | $157.18 | −19% |
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Key figures of Clavister Holding AB (publ.)
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