Doxa AB (DOXA) fair value: what the stock is really worth
As of Oct 15, 2026: fair value of Doxa AB SEK 0.92, price SEK 0.32, upside +189.3%, quality 26 out of 100. 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 2, 2026.
How to read this chart
60‑month range kr 0.2920 – kr 17.10 · fair‑value band kr 0.6800 – kr 1.37 · the kr 0.3180 price screens below the kr 0.9200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Doxa AB (publ) operates as a real estate company in Sweden and internationally. The company was incorporated in 1987 and is headquartered in Malmö, Sweden.
Stock analysis
Doxa AB (DOXA) currently trades at kr 0.3180, while our model-based Fair Value estimate is kr 0.9200, implying the stock looks roughly 65.4% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.
Scenario range: kr 0.6800 (bear) to kr 1.37 (bull), the price of kr 0.3180 sits below 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 26/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Doxa AB reported revenue of 63.5M SEK in FY2025 versus 10.9M SEK in FY2021, a compound +55.4%/yr. Reported net income was −336M SEK in FY2025.
Key figures
Market cap 419M SEK (≈ $42.0M) · P/S ratio 15.3 · EPS (TTM) kr −0.0900 · Return on equity −6.0% · Return on assets (EBIT) −2.1% · Operating margin −243% · Revenue (TTM) 27.4M SEK · Revenue growth (YoY) −28.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 4% fair-value upside, at 189%, DOXA screens cheaper than that median.
Fair Value models
Bearkr 0.6800Fair Value kr 0.9200Bullkr 1.37
Price kr 0.3180 · Upside +189.3%
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. 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.30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+309.7%
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.
+130.3%
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.
+49.4%
Start year 2020 (pandemic). Over 10 years: +15.5% a year
Revenue growth 18 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.
+21.8%
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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.
−153.6% (2020) → −175.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Real Estate - Development · 576 stocks
Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score26 · Bottom 25%
Fair Value upside+189.3% · Top 25%
Profitability
Return on assets−8.3% · Bottom 25%
Growth and dividend
Revenue growth−28.4% · Below median
Balance sheet
Debt / equity0.51× · Above median
Valuation Multiplesvs Real Estate - Development 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). "Doxa AB Fair Value". https://www.fairvalue-calculator.com/stock/DOXA
Frequently asked questions
Is Doxa AB (DOXA) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of kr 0.9200 versus a price of kr 0.3180, about +189% upside (undervalued).
What is the fair value of DOXA?
Our model-based fair value for Doxa AB is kr 0.9200 (as of Oct 2, 2026), built from audited fundamentals. The current price: kr 0.3180.
What is the quality score of DOXA?
Doxa AB has a Quality Score of 26/100. 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 Doxa AB (DOXA)?
Our model-based price target is the fair value of kr 0.9200 (as of Oct 2, 2026) from 1 valuation models. Cautious scenario kr 0.6800, optimistic scenario kr 1.37. It is a calculation from audited fundamentals, not an analyst target.
What is the Doxa AB stock forecast for 2026?
Our models put fair value at kr 0.9200, about +189% upside versus a price of kr 0.3180 (undervalued). Cautious scenario kr 0.6800, optimistic scenario kr 1.37. The calculation is refreshed regularly with new filings.
What is the revenue of Doxa AB (DOXA)?
Doxa AB reported trailing-twelve-month revenue of about 27.4M SEK (latest available figure, as of Oct 2, 2026).
What is the intrinsic value of Doxa AB (DOXA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Doxa AB it is kr 0.9200 per share (as of Oct 2, 2026), against a price of kr 0.3180. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Doxa AB stock overvalued or undervalued in 2026?
As of Oct 2, 2026, DOXA trades below its calculated fair value: price kr 0.3180, fair value kr 0.9200, a gap of about +189% (undervalued). 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 DOXA?
No. The price is what the market pays today (kr 0.3180); the fair value is what the company's own numbers justify (kr 0.9200). For Doxa AB the two are kr 0.6020 per share apart. That gap is exactly why we show both numbers side by side.
How much is Doxa AB worth?
The market values Doxa AB at about 419M SEK (market capitalisation, as of Oct 2, 2026). Per share that is kr 0.3180; our models calculate a fair value of kr 0.9200 per share.
What do the bullish and bearish scenarios say about DOXA?
Our models span a range for Doxa AB: cautious scenario kr 0.6800, base kr 0.9200, optimistic kr 1.37 per share (as of Oct 2, 2026, price kr 0.3180). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Doxa AB (DOXA)?
Balance-sheet figures for Doxa AB (as of Oct 2, 2026): return on equity −6.0%, debt of 0.51 per unit of equity. They feed the Quality Score of 26/100, which measures business quality independently of the share price.
How far is DOXA from its 52-week high?
Doxa AB trades at kr 0.3180, about 41% below its 52-week high of kr 0.5420 and 9% above the low of kr 0.2920 (as of Oct 15, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.9200 is for.
Which stocks are comparable to Doxa AB?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, Vinhomes Joint Stock Company, CK Asset Holdings, Hongkong Land Holdings, 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 Doxa AB stock attractive at the current price?
The data as of Oct 2, 2026: price kr 0.3180, calculated fair value kr 0.9200 (+189%), Quality Score 26/100, from 1 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 DOXA calculated?
We run Doxa AB through 1 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 0.9200, 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 13.5 % above its aggregate fair value. Doxa AB currently trades 65 % below its own fair value, and the market average says nothing about that. 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 Doxa AB (DOXA)?
The closing price on Oct 15, 2026 was kr 0.3180. Our model-based fair value is kr 0.9200, about +189% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Doxa AB right now?
The large discount to fair value meets weak quality (26/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (kr 0.6800). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (kr 0.6800 to kr 1.37) leaves room in how you read the outcome.
Key figures of Doxa AB
How large is the market capitalisation of Doxa AB (DOXA)?
The market capitalisation of Doxa AB is 419M SEK (≈ $42.0M). 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 Doxa AB (DOXA)?
The price-to-sales ratio of Doxa AB is 15.3 (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 Doxa AB (DOXA)?
Earnings per share at Doxa AB are kr −0.0900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Doxa AB (DOXA)?
The return on equity (ROE) of Doxa AB is −6.0% (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 Doxa AB (DOXA)?
On an EBIT basis the return on assets of Doxa AB is −2.1% (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 Doxa AB (DOXA)?
The operating margin of Doxa AB is −243% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Doxa AB (DOXA)?
Revenue at Doxa AB is growing −28.4% versus a year earlier (3y avg +130%). 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 Doxa AB (DOXA)?
Earnings per share at Doxa AB are growing −98.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Doxa AB (DOXA) generate?
The free cash flow of Doxa AB is −82.8M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Doxa AB (DOXA) carry?
The net debt of Doxa AB is 1.3B SEK (fiscal year 2025). 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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Thin data
Oct 2, 2026