Fabege AB (FABG) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Fabege AB SEK 33.07, price SEK 68.30, upside -51.6%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Fabege AB for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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 Sep 24, 2026.
How to read this chart
60‑month range kr 62.20 – kr 140.57 · fair‑value band kr 6.61 – kr 72.08 · the kr 68.30 price screens above the kr 33.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow Fabege in your weekly email
Every Wednesday you see whether Fabege is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Fabege AB (publ), a property company, owns, develops, and manages commercial properties in Sweden. The company operates through four segments: Property Management, Property Development, Business Development/Transactions, and Residential Development.
Show more
Fabege AB (publ), a property company, owns, develops, and manages commercial properties in Sweden. The company operates through four segments: Property Management, Property Development, Business Development/Transactions, and Residential Development. Its property portfolio comprises office, retail, industrial/warehouse, residential, hotel, and garage properties. The company also engages in residential development; and acts as an urban developer. The company was formerly known as Wihlborgs Fastigheter AB and changed its name to Fabege AB (publ) in December 2005. Fabege AB (publ) was incorporated in 1947 and is headquartered in Solna, Sweden.
Stock analysis
Fabege AB (FABG) currently trades at kr 68.30, while our model-based Fair Value estimate is kr 33.07, implying the stock looks roughly 106.5% overvalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of kr 79.82 per share, and 2 of the 11 models we run sit above the kr 68.30 price.
Bear case: the Growth DCF group reads lowest at kr 13.79, and 9 of the 11 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 6.61 (bear) to kr 72.08 (bull), the price of kr 68.30 sits inside 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 58/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Fabege AB reported revenue of 3.8B SEK in FY2025 versus 3.0B SEK in FY2021, a compound +6.2%/yr. Reported net income was −348M SEK in FY2025.
Key figures
Market cap 23.4B SEK (≈ $2.4B) · P/E ratio 49.9 · P/S ratio 5.89 · EPS (TTM) kr 1.37 · Dividend yield 3.1% · Net margin −9.3% · Return on equity 1.2% · Return on assets (EBIT) 3.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 22% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at −52%, FABG screens richer than that median.
Fair Value models
Bear kr 6.61Fair Value kr 33.07Bull kr 72.08
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.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.48/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.4%
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.
+4.2%
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.
+6.0%
Start year 2020 (pandemic). Over 10 years: +6.5% a year
Revenue growth 25 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.
+1.6%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
70.4% (2017) → 55.4% (2022)
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
not computed
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).
+18.7%
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.
+0.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +16.4% a year for the price and −1.2% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
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 Services · 547 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−52% · Bottom 25%
Profitability
Return on equity (TTM)1% · Below median
Return on assets2% · Above median
Net margin (TTM)11% · Above median
Operating margin (TTM)59% · Top 25%
Growth and dividend
Revenue growth14% · Above median
Dividend yield (TTM)3.1% · Below median
Balance sheet
Debt / equity0.68× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (TTM)49.9× · Priciest 25%
P/B0.62× · Cheaper than median
P/S (TTM)5.89× · Priciest 25%
P/FCF1.4× · Cheaper than median
EV/EBITDA19.3× · Pricier than median
PEG5.07× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 38
FUTURE (revenue growth)70· sector 12
PAST (return on equity)5· sector 16
HEALTH (low debt)66· sector 83
DIVIDEND (yield)63· sector 64
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). "Fabege AB Fair Value". https://www.fairvalue-calculator.com/stock/FABG
Frequently asked questions
Is Fabege AB (FABG) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 33.07 versus a price of kr 68.30, about −52% upside (overvalued).
What is the fair value of FABG?
Our model-based fair value for Fabege AB is kr 33.07 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 68.30.
What is the quality score of FABG?
Fabege AB has a Quality Score of 58/100. 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 Fabege AB (FABG)?
Our model-based price target is the fair value of kr 33.07 (as of Sep 24, 2026) from 11 valuation models. Cautious scenario kr 6.61, optimistic scenario kr 72.08. It is a calculation from audited fundamentals, not an analyst target.
What is the Fabege AB stock forecast for 2026?
Our models put fair value at kr 33.07, about −52% upside versus a price of kr 68.30 (overvalued). Cautious scenario kr 6.61, optimistic scenario kr 72.08. The calculation is refreshed regularly with new filings.
What is the revenue of Fabege AB (FABG)?
Fabege AB reported trailing-twelve-month revenue of about 3.8B SEK (latest available figure, as of Sep 24, 2026).
Does Fabege AB pay a dividend?
Fabege AB currently shows a dividend yield of about 3.15% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Fabege AB (FABG)?
For today's price to be fair in a discounted-cash-flow model, Fabege AB would have to grow free cash flow by +18.7 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of FABG use?
Our models discount Fabege AB at 9.8 %: a base by market capitalisation (large), damped by beta 1.36, country premium for Sweden. 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 Fabege AB that is +18.7 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Fabege AB (FABG) delivered so far?
Over the past 5 years revenue at Fabege AB grew +6.0 % a year. The price currently implies +18.7 % 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 Fabege AB (FABG) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Fabege AB (+18.7 % 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 Fabege AB (FABG)?
The free-cash-flow yield on the price is 8.07 %: that much free cash flow Fabege AB produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fabege AB (FABG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fabege AB it is kr 33.07 per share (as of Sep 24, 2026), against a price of kr 68.30. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Fabege AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FABG trades above its calculated fair value: price kr 68.30, fair value kr 33.07, a gap of about −52% (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 FABG?
No. The price is what the market pays today (kr 68.30); the fair value is what the company's own numbers justify (kr 33.07). For Fabege AB the two are kr 35.23 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fabege AB worth?
The market values Fabege AB at about 23.4B SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 68.30; our models calculate a fair value of kr 33.07 per share.
What do the bullish and bearish scenarios say about FABG?
Our models span a range for Fabege AB: cautious scenario kr 6.61, base kr 33.07, optimistic kr 72.08 per share (as of Sep 24, 2026, price kr 68.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FABG?
Fabege AB trades at a price-to-earnings ratio of 49.9 (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 33.07 is built from several models across several years. Other multiples: PEG 5.1, P/B 0.6, P/S 5.9, EV/EBITDA 19.3.
What is the PEG ratio of FABG?
The PEG ratio of Fabege AB is 5.07 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Fabege AB (FABG)?
Balance-sheet figures for Fabege AB (as of Sep 24, 2026): return on equity 1.2%, debt of 0.68 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is FABG from its 52-week high?
Fabege AB trades at kr 68.30, about 22% below its 52-week high of kr 87.32 and at the low of kr 68.30 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 33.07 is for.
Which stocks are comparable to Fabege AB?
From the same area (Real Estate) we also value CBRE Group, Vonovia SE, Cellnex Telecom, S.A, KE 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 Fabege AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 68.30, calculated fair value kr 33.07 (−52%), Quality Score 58/100, from 11 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 FABG calculated?
We run Fabege AB through 11 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 33.07, 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 14.1 % above its aggregate fair value. Fabege 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 Fabege AB (FABG)?
The closing price on Sep 23, 2026 was kr 68.30. Our model-based fair value is kr 33.07, about −52% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fabege AB right now?
The model range is unusually wide (kr 6.61 to kr 72.08). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Fabege AB
How large is the market capitalisation of Fabege AB (FABG)?
The market capitalisation of Fabege AB is 23.4B SEK (≈ $2.4B). 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 Fabege AB (FABG)?
The price-to-sales ratio of Fabege AB is 5.89 (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 Fabege AB (FABG)?
Earnings per share at Fabege AB are kr 1.37 (price ÷ EPS = P/E 49.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fabege AB (FABG)?
The dividend yield of Fabege AB is 3.1% (payout 157%). 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 Fabege AB (FABG)?
The net margin of Fabege AB is −9.3% (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 Fabege AB (FABG)?
The return on equity (ROE) of Fabege AB is 1.2% (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 Fabege AB (FABG)?
On an EBIT basis the return on assets of Fabege AB is 3.7% (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 Fabege AB (FABG)?
The operating margin of Fabege AB is 59.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fabege AB (FABG)?
Revenue at Fabege AB is growing +14.0% versus a year earlier (3y avg +4.2%). 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 Fabege AB (FABG)?
Earnings per share at Fabege AB are growing +607% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Fabege AB (FABG) carry?
The net debt of Fabege AB is 37.6B SEK (fiscal year 2025, ≈ 21.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Fabege AB in the live analysis
One click puts Fabege AB on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
