Dynavox Group (DYVOX) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Dynavox Group stock SEK 32.16, price SEK 70.80, that is 54.6% below the price, quality 51 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 of our 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. As of Nov 6, 2026.
How to read this chart
59‑month range kr 17.61 – kr 130.52 · fair‑value band kr 21.97 – kr 42.34 · the kr 70.80 price screens above the kr 32.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Dynavox Group AB (publ), through its subsidiaries, engages in the development and sale of assistive technology products for customers with communication disabilities.
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The company offers custom designed augmentative and alternative communication (AAC) solutions that enable people with disabilities, such as cerebral palsy, ALS, autism, and spinal cord injury, to communicate on their own.
Its communication solutions include language, software, hardware, funding, support, and training. The company operates in Sweden, Norway, Denmark, Belgium, the United States, Germany, France, China, the United Kingdom, Ireland, Australia, and New Zealand.
The company was formerly known as Tobii Dynavox AB (publ) and changed its name to Dynavox Group AB (publ) in July 2024. Dynavox Group AB (publ) was incorporated in 2012 and is headquartered in Stockholm, Sweden.
Stock analysis
Dynavox Group (DYVOX) currently trades at kr 70.80, while our model-based Fair Value estimate is kr 32.16, 55% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 49.83 per share, and 1 of the 12 models we run sit above the kr 70.80 price.
Bear case: the Economic Profit group reads lowest at kr 18.08, and 11 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 21.97 (bear) to kr 42.34 (bull), the price of kr 70.80 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 51/100 (solid quality), in the Healthcare sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Dynavox Group reported revenue of 2.5B SEK in FY2025 versus 871M SEK in FY2021, a compound +29.7%/yr. Reported net income was 166M SEK in FY2025, compounding +53.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 7.5B SEK (≈ $764M) Small · P/E ratio 27.4 · P/S ratio 2.88 · EPS (TTM) kr 2.58 · Dividend yield 0.7% · Net margin 10.5% · Return on equity 40.4% · Return on assets (EBIT) 8.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −44% fair-value upside, at −55%, DYVOX screens richer than that median.
Fair Value models
Bearkr 21.97Fair Value kr 32.16Bullkr 42.34
Price kr 70.80 · Downside -54.6%
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 2025 figures (about 10 months old). Earnings retained since then (kr 1.78 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+25.1%
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.
+26.6%
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.
+22.5%
Start year 2020 (pandemic)
Revenue growth 6 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.
+18.1%
’19
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’25
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.
+41.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+40.5%
Dividend (yield on the price)0.7%
Profit margin 2020 to 2025 ⓘ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.14% → 10%
2025 sits 59% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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.Medical Instruments & Supplies · 181 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−54.6% · Bottom 25%
Profitability
Return on equity (12 months)40.4% · Top 25%
Return on assets6.7% · Above median
Net margin (12 months)10.5% · Above median
Operating margin (12 months)17.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)13.0% · Above median
Dividend yield (12 months)0.7% · Bottom 25%
Balance sheet
Debt / equity1.38× · Highest 25%
Valuation Multiplesvs Medical Instruments & Supplies median · lower = cheaper
P/E (12 months)27.4× · Pricier than median
P/B12.53× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)2.88× · Pricier than median
EV/EBITDA15.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)65· sector 40
PAST (return on equity)100· sector 30
HEALTH (low debt)31· sector 96
DIVIDEND (yield)14· sector 32
VALUE 0: the price sits above our fair-value range.
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). "Dynavox Group Fair Value". https://www.fairvalue-calculator.com/stock/DYVOX
Frequently asked questions
Is Dynavox Group (DYVOX) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of kr 32.16 versus a price of kr 70.80, about 55% lower (overvalued).
What is the fair value of DYVOX?
Our model-based fair value for Dynavox Group is kr 32.16 (as of Nov 6, 2026), built from audited fundamentals. The current price: kr 70.80.
What is the quality score of DYVOX?
Dynavox Group has a Quality Score of 51/100. 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 Dynavox Group (DYVOX)?
Our model-based price target is the fair value of kr 32.16 (as of Nov 6, 2026) from 12 valuation models. Cautious scenario kr 21.97, optimistic scenario kr 42.34. It is a calculation from audited fundamentals, not an analyst target.
What is the Dynavox Group stock forecast for 2026?
Our models put fair value at kr 32.16, about 55% lower versus a price of kr 70.80 (overvalued). Cautious scenario kr 21.97, optimistic scenario kr 42.34. The calculation is refreshed regularly with new filings.
What is the revenue of Dynavox Group (DYVOX)?
Dynavox Group reported trailing-twelve-month revenue of about 2.6B SEK (latest available figure, as of Nov 6, 2026).
Does Dynavox Group pay a dividend?
Dynavox Group currently shows a dividend yield of 0.71% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Dynavox Group (DYVOX) and when is the ex-dividend date?
Dynavox Group pays a dividend of kr 0.5 per share a year, a dividend yield of 0.7%. The last ex-dividend date was May 11, 2026. The payout ratio is 19.4% of earnings. Our assessment: Token dividend. At a yield of 0.7% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.7% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Dynavox Group (DYVOX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dynavox Group it is kr 32.16 per share (as of Nov 6, 2026), against a price of kr 70.80. It is the blended result of 12 valuation models in 4 families (Earnings-Based, Multiples, Economic Profit, Growth Earnings).
Is Dynavox Group stock overvalued or undervalued in 2026?
As of Nov 6, 2026, DYVOX trades above its calculated fair value: price kr 70.80, fair value kr 32.16, a gap of about −55% (overvalued). 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 DYVOX?
No. The price is what the market pays today (kr 70.80); the fair value is what the company's own numbers justify (kr 32.16). For Dynavox Group the two are kr 38.64 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dynavox Group worth?
The market values Dynavox Group at about 7.5B SEK (market capitalisation, as of Nov 6, 2026). Per share that is kr 70.80; our models calculate a fair value of kr 32.16 per share.
What do the bullish and bearish scenarios say about DYVOX?
Our models span a range for Dynavox Group: cautious scenario kr 21.97, base kr 32.16, optimistic kr 42.34 per share (as of Nov 6, 2026, price kr 70.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DYVOX?
Dynavox Group trades at a price-to-earnings ratio of 27.4 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 32.16 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2025 ex one-offs: 46.2. Other multiples: P/B 12.5, P/S 2.9, EV/EBITDA 15.6.
How solid is the balance sheet of Dynavox Group (DYVOX)?
Balance-sheet figures for Dynavox Group (as of Nov 6, 2026): return on equity 40.4%, debt of 1.38 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is DYVOX from its 52-week high?
Dynavox Group trades at kr 70.80, about 32% below its 52-week high of kr 104.18 and 22% above the low of kr 58.10 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 32.16 is for.
Which stocks are comparable to Dynavox Group?
From the same area (Healthcare) we also value Intuitive Surgical, Inc, EssilorLuxottica Société anonyme, Becton, Dickinson and Company, Medline 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 Dynavox Group stock attractive at the current price?
The data as of Nov 6, 2026: price kr 70.80, calculated fair value kr 32.16 (−55%), Quality Score 51/100, from 12 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 DYVOX calculated?
We run Dynavox Group through 12 models from 4 families: Earnings-Based, Multiples, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 32.16 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Dynavox Group 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 Dynavox Group (DYVOX)?
The closing price on Nov 6, 2026 was kr 70.80. Our model-based fair value is kr 32.16, about 55% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dynavox Group right now?
The price sits above even our optimistic bull case (kr 42.34). The favourable scenario is already priced in. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 21.97 to kr 42.34) leaves room in how you read the outcome.
Key figures of Dynavox Group
How large is the market capitalisation of Dynavox Group (DYVOX)?
The market capitalisation of Dynavox Group is 7.5B SEK (≈ $764M). 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 Dynavox Group (DYVOX)?
The price-to-sales ratio of Dynavox Group is 2.88 (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 Dynavox Group (DYVOX)?
Earnings per share at Dynavox Group are kr 2.58 (price ÷ EPS = P/E 27.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dynavox Group (DYVOX)?
The dividend yield of Dynavox Group is 0.7% (payout 19.4%). 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 Dynavox Group (DYVOX)?
The net margin of Dynavox Group is 10.5% (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 Dynavox Group (DYVOX)?
The return on equity (ROE) of Dynavox Group is 40.4% (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 Dynavox Group (DYVOX)?
On an EBIT basis the return on assets of Dynavox Group is 8.4% (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 Dynavox Group (DYVOX)?
The operating margin of Dynavox Group is 17.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dynavox Group (DYVOX)?
Revenue at Dynavox Group is growing +13.0% versus a year earlier (3y avg +26.6%). 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 Dynavox Group (DYVOX)?
Earnings per share at Dynavox Group are growing +137% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Dynavox Group (DYVOX) generate?
The free cash flow of Dynavox Group is −8.3M 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 Dynavox Group (DYVOX) carry?
The net debt of Dynavox Group is 909M 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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Nov 6, 2026