ES Energy Save Holding AB (ESGR-B) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of ES Energy Save Holding AB stock SEK 12.60, price SEK 16.40, upside -23.2%, quality 42 out of 100. Rating: overvalued. 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 3, 2026.
How to read this chart
60‑month range kr 10.40 – kr 57.30 · fair‑value band kr 8.32 – kr 15.75 · the kr 16.40 price screens above the kr 12.60 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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ES Energy Save Holding AB (publ) develops heat pumps for commercial buildings.
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The company offers plug-in modules, ventilation systems, hybrid energy systems, and calculation and design tools for commercial properties; heat pumps, multifunction tanks, control systems, and accessories for residential properties; and R290 propane heat pumps.
It also provides service, repair, installation, and aftermarket services. The company was founded in 2009 and is headquartered in Alingsås, Sweden.
Stock analysis
ES Energy Save Holding AB (ESGR-B) currently trades at kr 16.40, while our model-based Fair Value estimate is kr 12.60, 23.2% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: kr 8.32 (bear) to kr 15.75 (bull), the price of kr 16.40 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 42/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
ES Energy Save Holding AB reported revenue of 186M SEK in FY2026 versus 55.1M SEK in FY2021, a compound +27.6%/yr. Reported net income was −22.8M SEK in FY2026.
Key figures
Market cap 108M SEK (≈ $10.9M) Micro · P/S ratio 0.52 · EPS (TTM) kr −3.10 · Net margin −11.2% · Return on equity −13.9% · Return on assets (EBIT) −3.5% · Operating margin −69.5% · Revenue (TTM) 186M SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 58% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −17% fair-value upside, at −23%, ESGR-B screens richer than that median.
Fair Value models
Bearkr 8.32Fair Value kr 12.60Bullkr 15.75
Price kr 16.40 · Upside -23.2%
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.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.36/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
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.
−14.5%
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.
+27.6%
Start year 2021 (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.
+29.6%
’20
’21
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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.
−12.8% (2021) → −11.9% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
Compare ES Energy Save Holding AB with another stock
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.Building Products & Equipment · 260 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−23.2% · Below median
Profitability
Return on assets−10.2% · Bottom 25%
Net margin (12 months)−11.2% · Bottom 25%
Operating margin (12 months)−69.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)29.7% · Top 25%
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Building Products & Equipment 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). "ES Energy Save Holding AB Fair Value". https://www.fairvalue-calculator.com/stock/ESGR-B
Frequently asked questions
Is ES Energy Save Holding AB (ESGR-B) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of kr 12.60 versus a price of kr 16.40, about −23% upside (overvalued).
What is the fair value of ESGR-B?
Our model-based fair value for ES Energy Save Holding AB is kr 12.60 (as of Oct 3, 2026), built from audited fundamentals. The current price: kr 16.40.
What is the quality score of ESGR-B?
ES Energy Save Holding AB has a Quality Score of 42/100. 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 ES Energy Save Holding AB (ESGR-B)?
Our model-based price target is the fair value of kr 12.60 (as of Oct 3, 2026) from 1 valuation models. Cautious scenario kr 8.32, optimistic scenario kr 15.75. It is a calculation from audited fundamentals, not an analyst target.
What is the ES Energy Save Holding AB stock forecast for 2026?
Our models put fair value at kr 12.60, about −23% upside versus a price of kr 16.40 (overvalued). Cautious scenario kr 8.32, optimistic scenario kr 15.75. The calculation is refreshed regularly with new filings.
What is the revenue of ES Energy Save Holding AB (ESGR-B)?
ES Energy Save Holding AB reported trailing-twelve-month revenue of about 186M SEK (latest available figure, as of Oct 3, 2026).
What is the intrinsic value of ES Energy Save Holding AB (ESGR-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ES Energy Save Holding AB it is kr 12.60 per share (as of Oct 3, 2026), against a price of kr 16.40. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is ES Energy Save Holding AB stock overvalued or undervalued in 2026?
As of Oct 3, 2026, ESGR-B trades above its calculated fair value: price kr 16.40, fair value kr 12.60, a gap of about −23% (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 ESGR-B?
No. The price is what the market pays today (kr 16.40); the fair value is what the company's own numbers justify (kr 12.60). For ES Energy Save Holding AB the two are kr 3.80 per share apart. That gap is exactly why we show both numbers side by side.
How much is ES Energy Save Holding AB worth?
The market values ES Energy Save Holding AB at about 108M SEK (market capitalisation, as of Oct 3, 2026). Per share that is kr 16.40; our models calculate a fair value of kr 12.60 per share.
What do the bullish and bearish scenarios say about ESGR-B?
Our models span a range for ES Energy Save Holding AB: cautious scenario kr 8.32, base kr 12.60, optimistic kr 15.75 per share (as of Oct 3, 2026, price kr 16.40). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ES Energy Save Holding AB (ESGR-B)?
Balance-sheet figures for ES Energy Save Holding AB (as of Oct 3, 2026): return on equity −13.9%, debt of 0.02 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is ESGR-B from its 52-week high?
ES Energy Save Holding AB trades at kr 16.40, about 33% below its 52-week high of kr 24.30 and 58% above the low of kr 10.40 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of kr 12.60 is for.
Which stocks are comparable to ES Energy Save Holding AB?
From the same area (Industrials) we also value Trane Technologies plc, Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 ES Energy Save Holding AB stock attractive at the current price?
The data as of Oct 3, 2026: price kr 16.40, calculated fair value kr 12.60 (−23%), Quality Score 42/100, 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 ESGR-B calculated?
We run ES Energy Save Holding 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 12.60, 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 13.9 % above its aggregate fair value. ES Energy Save 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 ES Energy Save Holding AB (ESGR-B)?
The closing price on Oct 19, 2026 was kr 16.40. Our model-based fair value is kr 12.60, about −23% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ES Energy Save Holding AB right now?
The price sits above even our optimistic bull case (kr 15.75). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (kr 8.32 to kr 15.75) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of ES Energy Save Holding AB
How large is the market capitalisation of ES Energy Save Holding AB (ESGR-B)?
The market capitalisation of ES Energy Save Holding AB is 108M SEK (≈ $10.9M). 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 ES Energy Save Holding AB (ESGR-B)?
The price-to-sales ratio of ES Energy Save Holding AB is 0.52 (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 ES Energy Save Holding AB (ESGR-B)?
Earnings per share at ES Energy Save Holding AB are kr −3.10. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ES Energy Save Holding AB (ESGR-B)?
The net margin of ES Energy Save Holding AB is −11.2% (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 ES Energy Save Holding AB (ESGR-B)?
The return on equity (ROE) of ES Energy Save Holding AB is −13.9% (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 ES Energy Save Holding AB (ESGR-B)?
On an EBIT basis the return on assets of ES Energy Save Holding AB is −3.5% (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 ES Energy Save Holding AB (ESGR-B)?
The operating margin of ES Energy Save Holding AB is −69.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ES Energy Save Holding AB (ESGR-B)?
Revenue at ES Energy Save Holding AB is growing +29.7% versus a year earlier (3y avg +20.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does ES Energy Save Holding AB (ESGR-B) generate?
The free cash flow of ES Energy Save Holding AB is −29.1M SEK (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does ES Energy Save Holding AB (ESGR-B) carry?
The net debt of ES Energy Save Holding AB is 2.0M SEK (fiscal year 2026). 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 3, 2026