Gyldendal A/S (GYLD-A) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Gyldendal A/S DKK 619, price DKK 1,210, upside -48.9%, quality 73 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 30, 2026.
How to read this chart
60‑month range kr 984.29 – kr 4,849 · fair‑value band kr 463.97 – kr 773.30 · the kr 1,210 price screens above the kr 618.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 30, 2026.
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Gyldendal A/S publishes and sells books in Denmark and Norway.
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Gyldendal A/S publishes and sells books in Denmark and Norway. It publishes fiction books, including novels, entertainment literature, crime, classics, poems, short stories, children's, young adult, romance and eroticism, and other fiction books; and non-fiction books, such as biographies, history, society and politics, cookbooks, sports, health and fitness, spirituality, business, art, culture and design, gardening, hobbies and needlework, nature, science, and other fiction books. The company also provides tutoring services; produces teaching materials; and operates reading club. Gyldendal A/S was founded in 1770 and is based in Copenhagen, Denmark.
Stock analysis
Gyldendal A/S (GYLD-A) currently trades at kr 1,210, while our model-based Fair Value estimate is kr 618.65, 48.9% 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 kr 828.59 per share, and 2 of the 24 models we run sit above the kr 1,210 price.
Bear case: the Dividend Discount group reads lowest at kr 148.89, and 22 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 463.97 (bear) to kr 773.30 (bull), the price of kr 1,210 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 73/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Gyldendal A/S reported revenue of 799M DKK in FY2025 versus 757M DKK in FY2021, a compound +1.3%/yr. Reported net income was 40.6M DKK in FY2025, compounding +4.8%/yr from FY2021.
Key figures
Market cap 1.4B DKK (≈ $208M) · P/E ratio 30.1 · P/S ratio 1.53 · EPS (TTM) kr 40.14 · Dividend yield 1.7% · Net margin 5.1% · Return on equity 15.0% · Return on assets (EBIT) 5.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 0% fair-value upside, at −49%, GYLD-A screens richer than that median.
Fair Value models
Bear kr 463.97Fair Value kr 618.65Bull kr 773.30
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 15.23 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+10.5%
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.
+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.
−2.4%
Start year 2020 (pandemic). Over 10 years: −0.4% a year
Revenue growth 14 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.
−0.7%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+38.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+36.8%
Dividend (yield on the price)1.7%
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.20.3% vs 4.4%, picking up
Profit margin 2019 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.4% → 8%
2025 sits 55% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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.
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).
+5.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Denmark: IMF forecast 2.1% a year to 2030, 2.0% from 2016 to 2025) that is about +3.0% a year for the price.
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.Publishing · 103 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside−48.9% · Bottom 25%
Profitability
Return on equity (TTM)15.0% · Top 25%
Return on assets7.7% · Top 25%
Net margin (TTM)6.5% · Above median
Operating margin (TTM)8.3% · Above median
Growth and dividend
Revenue growth16.1% · Top 25%
Dividend yield (TTM)1.7% · Below median
Balance sheet
Debt / equity0.09× · Above median
Valuation Multiplesvs Publishing median · lower = cheaper
P/E (TTM)30.1× · Priciest 25%
P/B3.44× · Priciest 25%
P/S (TTM)1.62× · Pricier than median
P/FCF15.2× · Pricier than median
EV/EBITDA15.4× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 48
FUTURE (revenue growth)81· sector 0
PAST (return on equity)60· sector 25
HEALTH (low debt)95· sector 99
DIVIDEND (yield)33· sector 59
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). "Gyldendal A/S Fair Value". https://www.fairvalue-calculator.com/stock/GYLD-A
Frequently asked questions
Is Gyldendal A/S (GYLD-A) overvalued or undervalued?
As of Sep 30, 2026, our model estimates a fair value of kr 618.65 versus the last price from Sep 25, 2026 of kr 1,210, about −49% upside (overvalued).
What is the fair value of GYLD-A?
Our model-based fair value for Gyldendal A/S is kr 618.65 (as of Sep 30, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): kr 1,210.
What is the quality score of GYLD-A?
Gyldendal A/S has a Quality Score of 73/100. 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 Gyldendal A/S (GYLD-A)?
Our model-based price target is the fair value of kr 618.65 (as of Sep 30, 2026) from 24 valuation models. Cautious scenario kr 463.97, optimistic scenario kr 773.30. It is a calculation from audited fundamentals, not an analyst target.
What is the Gyldendal A/S stock forecast for 2026?
Our models put fair value at kr 618.65, about −49% upside versus the last price from Sep 25, 2026 of kr 1,210 (overvalued). Cautious scenario kr 463.97, optimistic scenario kr 773.30. The calculation is refreshed regularly with new filings.
What is the revenue of Gyldendal A/S (GYLD-A)?
Gyldendal A/S reported trailing-twelve-month revenue of about 856M DKK (latest available figure, as of Sep 30, 2026).
Does Gyldendal A/S pay a dividend?
Gyldendal A/S currently shows a dividend yield of about 1.65% relative to its recent price (as of Sep 30, 2026).
What growth is priced into Gyldendal A/S (GYLD-A)?
For today's price to be fair in a discounted-cash-flow model, Gyldendal A/S would have to grow free cash flow by +5.1 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.4 % per year. As of Sep 30, 2026.
What discount rate (WACC) does the fair value of GYLD-A use?
Our models discount Gyldendal A/S at 11.0 %: a base by market capitalisation (micro), damped by beta 0.17, country premium for Denmark. 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 Gyldendal A/S that is +5.1 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Gyldendal A/S (GYLD-A) delivered so far?
Over the past 5 years revenue at Gyldendal A/S grew -2.4 % a year. The price currently implies +5.1 % 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 Gyldendal A/S (GYLD-A) growing?
The median revenue growth in the sector is +3.1 % a year. That is the yardstick for the growth priced into Gyldendal A/S (+5.1 % 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 Gyldendal A/S (GYLD-A)?
The free-cash-flow yield on the price is 7.44 %: that much free cash flow Gyldendal A/S produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Gyldendal A/S (GYLD-A)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gyldendal A/S it is kr 618.65 per share (as of Sep 30, 2026), against a price of kr 1,210. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Gyldendal A/S stock overvalued or undervalued in 2026?
As of Sep 30, 2026, GYLD-A trades above its calculated fair value: price kr 1,210, fair value kr 618.65, a gap of about −49% (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 GYLD-A?
No. The price is what the market pays today (kr 1,210); the fair value is what the company's own numbers justify (kr 618.65). For Gyldendal A/S the two are kr 591.35 per share apart. That gap is exactly why we show both numbers side by side.
How much is Gyldendal A/S worth?
The market values Gyldendal A/S at about 1.4B DKK (market capitalisation, as of Sep 30, 2026). Per share that is kr 1,210; our models calculate a fair value of kr 618.65 per share.
What do the bullish and bearish scenarios say about GYLD-A?
Our models span a range for Gyldendal A/S: cautious scenario kr 463.97, base kr 618.65, optimistic kr 773.30 per share (as of Sep 30, 2026, price kr 1,210). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GYLD-A?
Gyldendal A/S trades at a price-to-earnings ratio of 30.1 (as of Sep 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 618.65 is built from several models across several years. Other multiples: P/B 3.4, P/S 1.6, EV/EBITDA 15.4.
How solid is the balance sheet of Gyldendal A/S (GYLD-A)?
Balance-sheet figures for Gyldendal A/S (as of Sep 30, 2026): return on equity 15.0%, debt of 0.09 per unit of equity. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is GYLD-A from its 52-week high?
Gyldendal A/S trades at kr 1,210, about 33% below its 52-week high of kr 1,807 and at the low of kr 1,210 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of kr 618.65 is for.
Which stocks are comparable to Gyldendal A/S?
From the same area (Communication Services) we also value The New York Times Company, Xinhua Winshare Publishing and Media Co, Jiangsu Phoenix Publishing & Media Corporation, China South Publishing & Media Group, 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 Gyldendal A/S stock attractive at the current price?
The data as of Sep 30, 2026: price kr 1,210, calculated fair value kr 618.65 (−49%), Quality Score 73/100, from 24 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 GYLD-A calculated?
We run Gyldendal A/S through 24 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 618.65, 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. Gyldendal A/S 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 Gyldendal A/S (GYLD-A)?
The latest price we hold is from Sep 25, 2026 and stands at kr 1,210. Our model-based fair value is kr 618.65, about −49% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gyldendal A/S right now?
A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (kr 773.30). The favourable scenario is already priced in.
Where does the earnings growth of Gyldendal A/S (GYLD-A) come from?
Earnings per share at Gyldendal A/S grew +0.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.9 %, EBIT margin −6.2 %, tax rate +0.8 %, residual (interest, one-offs) +0.2 %. 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 Gyldendal A/S
How large is the market capitalisation of Gyldendal A/S (GYLD-A)?
The market capitalisation of Gyldendal A/S is 1.4B DKK (≈ $208M). 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 Gyldendal A/S (GYLD-A)?
The price-to-sales ratio of Gyldendal A/S is 1.53 (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 Gyldendal A/S (GYLD-A)?
Earnings per share at Gyldendal A/S are kr 40.14 (price ÷ EPS = P/E 30.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Gyldendal A/S (GYLD-A)?
The dividend yield of Gyldendal A/S is 1.7% (payout 49.8%). 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 Gyldendal A/S (GYLD-A)?
The net margin of Gyldendal A/S is 5.1% (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 Gyldendal A/S (GYLD-A)?
The return on equity (ROE) of Gyldendal A/S is 15.0% (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 Gyldendal A/S (GYLD-A)?
On an EBIT basis the return on assets of Gyldendal A/S is 5.6% (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 Gyldendal A/S (GYLD-A)?
The operating margin of Gyldendal A/S is 8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gyldendal A/S (GYLD-A)?
Revenue at Gyldendal A/S is growing +16.1% 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 Gyldendal A/S (GYLD-A)?
Earnings per share at Gyldendal A/S are growing +412% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Gyldendal A/S (GYLD-A) hold?
Gyldendal A/S holds more cash than debt, 36.2M DKK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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