Envar Holding AB (ENVAR) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Envar Holding AB SEK 20.57, price SEK 49.00, upside -58.0%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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
21‑month range kr 15.30 – kr 68.20 · fair‑value band kr 15.43 – kr 25.72 · the kr 49.00 price screens above the kr 20.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Envar Holding AB (publ) engages in the outsourcing and development of graphic design, 3D graphics, animations, publishing, and illustrations for game development companies or other companies in the entertainment industry. Envar Holding AB (publ) was founded in 2020 and is based in Stockholm, Sweden.
Stock analysis
Envar Holding AB (ENVAR) currently trades at kr 49.00, while our model-based Fair Value estimate is kr 20.57, implying the stock looks roughly 138.2% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 27.72 per share, and 0 of the 14 models we run sit above the kr 49.00 price.
Bear case: the Asset-Based group reads lowest at kr 4.81, and 14 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 15.43 (bear) to kr 25.72 (bull), the price of kr 49.00 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 56/100 (solid quality), in the Communication Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Envar Holding AB reported revenue of 95.2M SEK in FY2025 versus 54.9M SEK in FY2022, a compound +20.1%/yr. Reported net income was 12.2M SEK in FY2025, compounding −8.4%/yr from FY2022.
Key figures
Market cap 613M SEK (≈ $61.7M) · P/E ratio 51.6 · P/S ratio 6.64 · EPS (TTM) kr 0.9500 · Net margin 12.9% · Return on equity 13.7% · Return on assets (EBIT) 25.8% · Operating margin 10.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 45% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 50% fair-value upside, at −58%, ENVAR screens richer than that median.
Fair Value models
Bear kr 15.43Fair Value kr 20.57Bull kr 25.72
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 0.6975 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.Evidence ⓘEvidence = 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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+30.2%
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.
+20.1%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘ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 3 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.
+13.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.2%
Dividend (yield on the price)0.0%
Profit margin 2022 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.38% → 18%
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.Electronic Gaming & Multimedia · 149 stocks
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). "Envar Holding AB Fair Value". https://www.fairvalue-calculator.com/stock/ENVAR
Frequently asked questions
Is Envar Holding AB (ENVAR) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 20.57 versus a price of kr 49.00, about −58% upside (overvalued).
What is the fair value of ENVAR?
Our model-based fair value for Envar Holding AB is kr 20.57 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 49.00.
What is the quality score of ENVAR?
Envar Holding AB has a Quality Score of 56/100. 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 Envar Holding AB (ENVAR)?
Our model-based price target is the fair value of kr 20.57 (as of Sep 24, 2026) from 14 valuation models. Cautious scenario kr 15.43, optimistic scenario kr 25.72. It is a calculation from audited fundamentals, not an analyst target.
What is the Envar Holding AB stock forecast for 2026?
Our models put fair value at kr 20.57, about −58% upside versus a price of kr 49.00 (overvalued). Cautious scenario kr 15.43, optimistic scenario kr 25.72. The calculation is refreshed regularly with new filings.
What is the revenue of Envar Holding AB (ENVAR)?
Envar Holding AB reported trailing-twelve-month revenue of about 124M SEK (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Envar Holding AB (ENVAR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Envar Holding AB it is kr 20.57 per share (as of Sep 24, 2026), against a price of kr 49.00. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Envar Holding AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ENVAR trades above its calculated fair value: price kr 49.00, fair value kr 20.57, a gap of about −58% (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 ENVAR?
No. The price is what the market pays today (kr 49.00); the fair value is what the company's own numbers justify (kr 20.57). For Envar Holding AB the two are kr 28.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is Envar Holding AB worth?
The market values Envar Holding AB at about 613M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 49.00; our models calculate a fair value of kr 20.57 per share.
What do the bullish and bearish scenarios say about ENVAR?
Our models span a range for Envar Holding AB: cautious scenario kr 15.43, base kr 20.57, optimistic kr 25.72 per share (as of Sep 24, 2026, price kr 49.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ENVAR?
Envar Holding AB trades at a price-to-earnings ratio of 51.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 20.57 is built from several models across several years. Other multiples: P/B 6.5, P/S 4.7, EV/EBITDA 33.4.
How solid is the balance sheet of Envar Holding AB (ENVAR)?
Balance-sheet figures for Envar Holding AB (as of Sep 24, 2026): return on equity 13.7%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is ENVAR from its 52-week high?
Envar Holding AB trades at kr 49.00, about 28% below its 52-week high of kr 68.20 and 45% above the low of kr 33.90 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 20.57 is for.
Which stocks are comparable to Envar Holding AB?
From the same area (Communication Services) we also value Konami Group, NetEase, Inc, Take-Two Interactive Software, Inc, Roblox Corporation, 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 Envar Holding AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 49.00, calculated fair value kr 20.57 (−58%), Quality Score 56/100, from 14 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 ENVAR calculated?
We run Envar Holding AB through 14 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 20.57, 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 13.0 % above its aggregate fair value. Envar Holding AB 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 Envar Holding AB (ENVAR)?
The closing price on Sep 24, 2026 was kr 49.00. Our model-based fair value is kr 20.57, about −58% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Envar Holding AB right now?
The price sits above even our optimistic bull case (kr 25.72). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Envar Holding AB
How large is the market capitalisation of Envar Holding AB (ENVAR)?
The market capitalisation of Envar Holding AB is 613M SEK (≈ $61.7M). 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 Envar Holding AB (ENVAR)?
The price-to-sales ratio of Envar Holding AB is 6.64 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Envar Holding AB (ENVAR)?
Earnings per share at Envar Holding AB are kr 0.9500 (price ÷ EPS = P/E 51.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Envar Holding AB (ENVAR)?
The net margin of Envar Holding AB is 12.9% (fiscal year 2025). 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 Envar Holding AB (ENVAR)?
The return on equity (ROE) of Envar Holding AB is 13.7% (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 Envar Holding AB (ENVAR)?
On an EBIT basis the return on assets of Envar Holding AB is 25.8% (avg 4y). 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 Envar Holding AB (ENVAR)?
The operating margin of Envar Holding AB is 10.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Envar Holding AB (ENVAR)?
Revenue at Envar Holding AB is growing +31.5% versus a year earlier (3y avg +20.1%). 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 Envar Holding AB (ENVAR)?
Earnings per share at Envar Holding AB are growing −12.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Envar Holding AB (ENVAR) generate?
The free cash flow of Envar Holding AB is −10.5M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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