Fabege AB (FABG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Fabege AB stock SEK 26.41, price SEK 66.40, that is 60.2% below the price, quality 59 out of 100. Rating: strongly overvalued. Calculated from audited financials with 10 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
60‑month range kr 61.68 – kr 139.38 · fair‑value band kr 9.99 – kr 60.50 · the kr 66.40 price screens above the kr 26.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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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.
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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 66.40, while our model-based Fair Value estimate is kr 26.41, 60% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of kr 79.38 per share, and 1 of the 10 models we run sit above the kr 66.40 price.
Bear case: the Growth DCF group reads lowest at kr 17.83, and 9 of the 10 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 9.99 (bear) to kr 60.50 (bull), the price of kr 66.40 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 59/100 (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 20.9B SEK (≈ $2.1B) Mid · P/E ratio 20.2 · P/S ratio 4.79 · EPS (TTM) kr 3.28 · Dividend yield 3.2% · Net margin 23.7% · Return on equity 2.7% · Return on assets (EBIT) 3.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (medium confidence).
What moves the price
The share trades about 20% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −60%, FABG screens richer than that median.
Fair Value models
Bearkr 9.99Fair Value kr 26.41Bullkr 60.50
Price kr 66.40 · Downside -60.2%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 0.9659 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.67/100
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%
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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).
+19.8%
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.
+0.4%
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 +17.5% a year for the price and −1.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (92 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.Very negative
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.Real Estate Services · 472 stocks
Beats the industry median on 5/15 measures
Overall it trails its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−60.2% · Bottom 25%
Profitability
Return on equity (12 months)2.7% · Below median
Return on assets−0.4% · Bottom 25%
Net margin (12 months)23.7% · Above median
Operating margin (12 months)51.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)46.1% · Top 25%
Dividend yield (12 months)3.2% · Below median
Balance sheet
Debt / equity0.68× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (12 months)20.2× · Priciest 25%
P/B0.56× · Cheaper than median
P/S (12 months)4.79× · Pricier than median
Price / free cash flow (fiscal year)12.1× · Pricier than median
EV/EBITDA18.2× · Pricier than median
PEG5.07× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 55
FUTURE (revenue growth)100· sector 19
PAST (return on equity)11· sector 19
HEALTH (low debt)66· sector 83
DIVIDEND (yield)65· sector 66
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 Nov 6, 2026, our model estimates a fair value of kr 26.41 versus a price of kr 66.40, about 60% lower (overvalued).
What is the fair value of FABG?
Our model-based fair value for Fabege AB is kr 26.41 (as of Nov 6, 2026), built from audited fundamentals. The current price: kr 66.40.
What is the quality score of FABG?
Fabege AB has a Quality Score of 59/100. 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 26.41 (as of Nov 6, 2026) from 10 valuation models. Cautious scenario kr 9.99, optimistic scenario kr 60.50. 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 26.41, about 60% lower versus a price of kr 66.40 (overvalued). Cautious scenario kr 9.99, optimistic scenario kr 60.50. 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 4.4B SEK (latest available figure, as of Nov 6, 2026).
Does Fabege AB pay a dividend?
Fabege AB currently shows a dividend yield of 3.24% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Fabege AB (FABG) and when is the ex-dividend date?
Fabege AB pays a dividend of kr 2.15 per share a year, a dividend yield of 3.2%. The next ex-dividend date is Jan 11, 2027. A dividend has been paid every year since at least 2003. The payout ratio is 65.5% of earnings. Free cash flow covers the dividend 2.56 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
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 +19.8 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.0 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of FABG use?
Our models discount Fabege AB at 10.3 %: a base by market capitalisation (mid), damped by beta 1.33, 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 +19.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) 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 free-cash-flow growth of +19.8 % per 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 +2.7 % a year. That is the yardstick for the growth priced into Fabege AB (+19.8 % per 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 8.30 %: that much free cash flow Fabege AB produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), 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 26.41 per share (as of Nov 6, 2026), against a price of kr 66.40. It is the blended result of 10 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Fabege AB stock overvalued or undervalued in 2026?
As of Nov 6, 2026, FABG trades above its calculated fair value: price kr 66.40, fair value kr 26.41, a gap of about −60% (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 66.40); the fair value is what the company's own numbers justify (kr 26.41). For Fabege AB the two are kr 39.99 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 20.9B SEK (market capitalisation, as of Nov 6, 2026). Per share that is kr 66.40; our models calculate a fair value of kr 26.41 per share.
What do the bullish and bearish scenarios say about FABG?
Our models span a range for Fabege AB: cautious scenario kr 9.99, base kr 26.41, optimistic kr 60.50 per share (as of Nov 6, 2026, price kr 66.40). 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 20.2 (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 26.41 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2018 to 2022), reported earnings: 9.1. Other multiples: PEG 5.1, P/B 0.6, P/S 4.8, EV/EBITDA 18.2.
What is the PEG ratio of FABG?
The PEG ratio of Fabege AB is 5.07 (P/E divided by earnings growth, as of Nov 6, 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 Nov 6, 2026): return on equity 2.7%, debt of 0.68 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is FABG from its 52-week high?
Fabege AB trades at kr 66.40, about 20% below its 52-week high of kr 83.33 and 6% above the low of kr 62.90 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 26.41 is for.
Which stocks are comparable to Fabege AB?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, 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 Nov 6, 2026: price kr 66.40, calculated fair value kr 26.41 (−60%), Quality Score 59/100, from 10 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 10 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of kr 26.41 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 13.0% 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 Nov 6, 2026 was kr 66.40. Our model-based fair value is kr 26.41, about 60% lower (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 price sits above even our optimistic bull case (kr 60.50). The favourable scenario is already priced in. The model range is unusually wide (kr 9.99 to kr 60.50). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (59/100) 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 20.9B SEK (≈ $2.1B). 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 4.79 (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 3.28 (price ÷ EPS = P/E 20.2). 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 3.2% (payout 65.5%). 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 23.7% (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 Fabege AB (FABG)?
The return on equity (ROE) of Fabege AB is 2.7% (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 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 51.3% (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 +46.1% 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.
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Nov 6, 2026