Epiroc AB (publ) (EPIAF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Epiroc AB (publ) $13.71, price $27.48, upside -50.1%, quality 68 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 Oct 3, 2026.
How to read this chart
60‑month range $8.14 – $31.26 · fair‑value band $8.45 – $17.89 · the $27.48 price screens above the $13.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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Epiroc AB (publ), together with its subsidiaries, develops and produces equipment for use in surface and underground applications in North America, South America, Europe, Africa, the Middle East, Asia, Australia, and India. It operates in two segments, Equipment & Service, and Tools & Attachments.
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Epiroc AB (publ), together with its subsidiaries, develops and produces equipment for use in surface and underground applications in North America, South America, Europe, Africa, the Middle East, Asia, Australia, and India. It operates in two segments, Equipment & Service, and Tools & Attachments. The Equipment & Service segment offers equipment and solutions for rock drilling, rock excavation, rock reinforcement, loading and haulage, and ventilation systems; drilling equipment for exploration, and water and energy; and related spare parts and services for the mining and infrastructure industries. This segment also provides digital solutions, such as connectivity, collision avoidance systems, automation, and mine planning, as well as electrification. Its Tools & Attachments segment offers rock drilling tools, including tophammer, COPROD, down-the hole, rotary and raiseboring; drill string components comprising bits, rods, pipes, shanks, hammers, and other products; rock reinforcement tools, such as rock bolts, mesh, and accessories; and exploration drilling tools. This segment also provides hydraulic breakers, shears and pulverizers, concrete cutters and busters, quick couplers and thumbs, drum cutters, excavator grapples, excavator magnets, and crusher and screening buckets; ground engaging tools, including teeth, lip shrouds, and protective shrouds; and digital solutions for monitoring, optimization, loss detection and analytics. In addition, the company offers aftermarket services, such as replacement parts and kits, service agreements and audits, circular services, and custom-engineered solutions, as well as component remanufacturing, midlife upgrades, cost-per-meter contracts, and conversion kits. The company has a strategic collaboration with Sany Group Company Limited for the development of equipment and technology for mining applications. Epiroc AB (publ) was founded in 1873 and is headquartered in Nacka, Sweden.
Stock analysis
Epiroc AB (publ) (EPIAF) currently trades at $27.48, while our model-based Fair Value estimate is $13.71, 50.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $14.48 per share, and 0 of the 26 models we run sit above the $27.48 price.
Bear case: the Asset-Based group reads lowest at $2.33, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $8.45 (bear) to $17.89 (bull), the price of $27.48 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 68/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Epiroc AB (publ) reported revenue of 62.0B SEK in FY2025 versus 39.6B SEK in FY2021, a compound +11.8%/yr. Reported net income was 8.6B SEK in FY2025, compounding +5.1%/yr from FY2021.
Key figures
Market cap $33.2B · P/E ratio 38.4 · P/S ratio 5.33 · EPS (TTM) $0.7500 · Dividend yield 13.2% · Net margin 13.9% · Return on equity 19.3% · Return on assets (EBIT) 17.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −50%, EPIAF screens richer than that median.
Fair Value models
Bear $8.45Fair Value $13.71Bull $17.89
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 ($0.5671 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.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.88/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.5%
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.
+7.7%
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.
+11.4%
Start year 2020 (pandemic). Over 10 years: +8.0% a year
Revenue growth 10 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) ⓘ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.
+21.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.8%
Dividend (yield on the price)13.2%
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.7.8% vs 9.7%, steady
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.20% → 19%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more 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).
+22.3%
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.
+9.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in SEK, Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +19.9% a year for the price and +7.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (20 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.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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.Farm & Heavy Construction Machinery · 144 stocks
Beats the industry median on 5/15 measures
Overall it trails its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside−47.5% · Bottom 25%
Profitability
Return on equity (TTM)19.3% · Top 25%
Return on assets9.3% · Top 25%
Net margin (TTM)14.0% · Top 25%
Operating margin (TTM)0.0% · Bottom 25%
Growth and dividend
Revenue growth−7.6% · Bottom 25%
Dividend yield (TTM)13.2% · Top 25%
Balance sheet
Debt / equity0.35× · Above median
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
P/E (TTM)38.4× · Priciest 25%
P/B8.28× · Priciest 25%
P/S (TTM)5.54× · Priciest 25%
P/FCF40.3× · Priciest 25%
EV/EBITDA25.0× · Priciest 25%
PEG2.46× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 36
FUTURE (revenue growth)0· sector 47
PAST (return on equity)77· sector 36
HEALTH (low debt)83· sector 93
DIVIDEND (yield)100· sector 42
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). "Epiroc AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/EPIAF
Frequently asked questions
Is Epiroc AB (publ) (EPIAF) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of $13.71 versus a price of $27.48, about −50% upside (overvalued).
What is the fair value of EPIAF?
Our model-based fair value for Epiroc AB (publ) is $13.71 (as of Oct 3, 2026), built from audited fundamentals. The current price: $27.48.
What is the quality score of EPIAF?
Epiroc AB (publ) has a Quality Score of 68/100. 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 Epiroc AB (publ) (EPIAF)?
Our model-based price target is the fair value of $13.71 (as of Oct 3, 2026) from 26 valuation models. Cautious scenario $8.45, optimistic scenario $17.89. It is a calculation from audited fundamentals, not an analyst target.
What is the Epiroc AB (publ) stock forecast for 2026?
Our models put fair value at $13.71, about −50% upside versus a price of $27.48 (overvalued). Cautious scenario $8.45, optimistic scenario $17.89. The calculation is refreshed regularly with new filings.
What is the revenue of Epiroc AB (publ) (EPIAF)?
Epiroc AB (publ) reported trailing-twelve-month revenue of about 63.2B SEK (latest available figure, as of Oct 3, 2026).
Does Epiroc AB (publ) pay a dividend?
Epiroc AB (publ) currently shows a dividend yield of about 13.19% relative to its recent price (as of Oct 3, 2026).
What growth is priced into Epiroc AB (publ) (EPIAF)?
For today's price to be fair in a discounted-cash-flow model, Epiroc AB (publ) would have to grow free cash flow by +22.3 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.4 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of EPIAF use?
Our models discount Epiroc AB (publ) at 9.7 %: a base by market capitalisation (large), damped by beta 1.22, country premium for USA. 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 Epiroc AB (publ) that is +22.3 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Epiroc AB (publ) (EPIAF) delivered so far?
Over the past 5 years revenue at Epiroc AB (publ) grew +11.4 % a year. The price currently implies +22.3 % 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 Epiroc AB (publ) (EPIAF) growing?
The median revenue growth in the sector is +7.0 % a year. That is the yardstick for the growth priced into Epiroc AB (publ) (+22.3 % 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 Epiroc AB (publ) (EPIAF)?
The free-cash-flow yield on the price is 2.60 %: that much free cash flow Epiroc AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Epiroc AB (publ) (EPIAF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Epiroc AB (publ) it is $13.71 per share (as of Oct 3, 2026), against a price of $27.48. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Epiroc AB (publ) stock overvalued or undervalued in 2026?
As of Oct 3, 2026, EPIAF trades above its calculated fair value: price $27.48, fair value $13.71, a gap of about −50% (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 EPIAF?
No. The price is what the market pays today ($27.48); the fair value is what the company's own numbers justify ($13.71). For Epiroc AB (publ) the two are $13.77 per share apart. That gap is exactly why we show both numbers side by side.
How much is Epiroc AB (publ) worth?
The market values Epiroc AB (publ) at about $33.2B (market capitalisation, as of Oct 3, 2026). Per share that is $27.48; our models calculate a fair value of $13.71 per share.
What do the bullish and bearish scenarios say about EPIAF?
Our models span a range for Epiroc AB (publ): cautious scenario $8.45, base $13.71, optimistic $17.89 per share (as of Oct 3, 2026, price $27.48). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EPIAF?
Epiroc AB (publ) trades at a price-to-earnings ratio of 38.4 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $13.71 is built from several models across several years. Other multiples: PEG 2.5, P/B 8.3, P/S 5.5, EV/EBITDA 25.0.
What is the PEG ratio of EPIAF?
The PEG ratio of Epiroc AB (publ) is 2.46 (P/E divided by earnings growth, as of Oct 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Epiroc AB (publ) (EPIAF)?
Balance-sheet figures for Epiroc AB (publ) (as of Oct 3, 2026): return on equity 19.3%, debt of 0.35 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is EPIAF from its 52-week high?
Epiroc AB (publ) trades at $27.48, about 12% below its 52-week high of $31.26 and 39% above the low of $19.82 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $13.71 is for.
Which stocks are comparable to Epiroc AB (publ)?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, 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 Epiroc AB (publ) stock attractive at the current price?
The data as of Oct 3, 2026: price $27.48, calculated fair value $13.71 (−50%), Quality Score 68/100, from 26 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 EPIAF calculated?
We run Epiroc AB (publ) through 26 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 $13.71, 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 14.5 % above its aggregate fair value. Epiroc 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 Epiroc AB (publ) (EPIAF)?
The closing price on Oct 2, 2026 was $27.48. Our model-based fair value is $13.71, about −50% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Epiroc AB (publ) right now?
The price sits above even our optimistic bull case ($17.89). The favourable scenario is already priced in. Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($8.45 to $17.89) leaves room in how you read the outcome.
Where does the earnings growth of Epiroc AB (publ) (EPIAF) come from?
Earnings per share at Epiroc AB (publ) grew +12.0 % a year from 2015 to 2025. Broken into its drivers: revenue per share +9.9 %, EBIT margin +1.7 %, tax rate +0.6 %, residual (interest, one-offs) −0.4 %. 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 Epiroc AB (publ)
How large is the market capitalisation of Epiroc AB (publ) (EPIAF)?
The market capitalisation of Epiroc AB (publ) is $33.2B. 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 Epiroc AB (publ) (EPIAF)?
The price-to-sales ratio of Epiroc AB (publ) is 5.33 (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 Epiroc AB (publ) (EPIAF)?
Earnings per share at Epiroc AB (publ) are $0.7500 (price ÷ EPS = P/E 38.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Epiroc AB (publ) (EPIAF)?
The dividend yield of Epiroc AB (publ) is 13.2%. 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 Epiroc AB (publ) (EPIAF)?
The net margin of Epiroc AB (publ) is 13.9% (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 Epiroc AB (publ) (EPIAF)?
The return on equity (ROE) of Epiroc AB (publ) is 19.3% (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 Epiroc AB (publ) (EPIAF)?
On an EBIT basis the return on assets of Epiroc AB (publ) is 17.1% (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.
How fast is revenue growing at Epiroc AB (publ) (EPIAF)?
Revenue at Epiroc AB (publ) is growing −7.6% versus a year earlier (3y avg +7.7%). 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 Epiroc AB (publ) (EPIAF)?
Earnings per share at Epiroc AB (publ) are growing −4.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Epiroc AB (publ) (EPIAF) carry?
The net debt of Epiroc AB (publ) is 10.6B SEK (fiscal year 2025, ≈ 1.2 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 3, 2026