Hexagon AB (publ) (HEXA-B) fair value: what the stock is really worth
As of Oct 14, 2026: fair value of Hexagon AB (publ) SEK 75.24, price SEK 104, upside -27.7%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Hexagon AB (publ)
HEXA-B · STOvervalued / MonitorQuality is not strong enough to offset the price risk.
Our calculation puts a fair price 28% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 13, 2026.
How to read this chart
60‑month range kr 72.66 – kr 143.04 · fair‑value band kr 47.41 – kr 94.05 · the kr 104.00 price screens above the kr 75.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 13, 2026.
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Company profile
Hexagon AB (publ) provides geospatial and industrial enterprise solutions worldwide. It operates in Manufacturing Intelligence, Geosystems, Autonomous Solutions and Octave segments.
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The company provides autonomy and perception, enterprise software for farms, GNSS positioning, and machine control; airborne and mobile mapping, geospatial content, laser scanning, ERIDAA imagin, lucaid, and M.app enterprise; and asset lifecycle information management, design and visualization, engineering and schematics, enterprise project performance, operations and maintenance, OT/ICS cyber security, and smart digital reality, as well as procurement, fabrication, and construction services.
It offers automated measurement systems, CAD/CAM and production software, CAE software, coordinate measuring machines, metrology software, portable measuring systems, quality assurance software, and service and support services.
In addition, the company provides evaluation, planning and design; drill and blast; load and haul; mine survey and monitoring; processing; reclamation; operational safety; autonomous operations; and multi-senor technology insights services.
Further, it offers anti-jam systems, anti-jam systems, correction services, GNSS and SMART antennas, GNSS/INS receivers and post processing, resilience and integrity technology, and visualization software; HxGN Oncall, Connect, and dC3; forensics and investigations; and AEC software, documentation and verification solutions, total stations, GNNS systems, survey software, detection systems, digital realities platform, monitoring solutions, and airborne solutions.
It serves agriculture, geospatial, industrial asset lifecycle, manufacturing, mining, positioning, safety, security, and surveillance industries. The company was founded in 1975 and is headquartered in Stockholm, Sweden.
Stock analysis
Hexagon AB (publ) (HEXA-B) currently trades at kr 104.00, while our model-based Fair Value estimate is kr 75.24, 27.7% 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 74.26 per share, and 3 of the 24 models we run sit above the kr 104.00 price.
Bear case: the Earnings-Based group reads lowest at kr 18.90, and 21 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: kr 47.41 (bear) to kr 94.05 (bull), the price of kr 104.00 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 64/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hexagon AB (publ) reported revenue of €5.4B in FY2025 versus €4.3B in FY2021, a compound +5.7%/yr. Reported net income was €617M in FY2025, compounding −6.3%/yr from FY2021.
Key figures
Market cap 281B SEK (≈ $28.2B) · P/E ratio 11.0 · P/S ratio 1.25 · EPS (TTM) kr 8.98 · Dividend yield 1.2% · Net margin 11.4% · Return on equity 27.3% · Return on assets (EBIT) 7.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
Analysts expect earnings well below the last reported figure (earnings in transition, for example expiring patents or contracts); a fair value that looks fair on trailing earnings may then be too optimistic.
The share trades about 13% below its 52-week high and 43% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −39% fair-value upside, at −28%, HEXA-B screens cheaper than that median.
Fair Value models
All 24 models by family
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
HEXA-B screens overvalued: fair value 28% below the price. Compare with Keysight Technologies, Inc →
Recent news
- Analysts Estimate Hexagon AB Unsponsored ADR (HXGBY) to Report a Decline in Earnings: What to Look Out for
- TA Portfolio Company Rocscience to be Acquired by Hexagon
- Hexagon to acquire Rocscience, closing the loop between real-world monitoring and advanced simulation
- Hexagon AB (HXGBF) Q2 2026 Earnings Call Highlights: Strong Organic Growth and Impressive Cash ...
Compare Hexagon AB (publ) with another stock
Price, fair value, quality and upside side by side.
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.Scientific & Technical Instruments · 161 stocks
Valuation Multiplesvs Scientific & Technical Instruments median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Valuation of the Sweden market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Garmin Ltd GRMN | $268.36 | $295.20 | +10% | vs HEXA-B |
| Teledyne Technologies Incorporated TDY | $613.66 | $675.03 | +10% | vs HEXA-B |
| MKS Inc MKSI | $264.50 | $199.90 | −24% | vs HEXA-B |
| Fortive Corporation FTV | $57.26 | $35.20 | −39% | vs HEXA-B |
| Cognex Corporation CGNX | $62.92 | $38.10 | −39% | vs HEXA-B |
| Trimble Inc TRMB | $60.09 | $29.24 | −51% | vs HEXA-B |
| Coherent Corp COHR | $288.02 | $98.35 | −66% | vs HEXA-B |
| AVIC Chengdu Aircraft Company 302132 | ¥57.63 | ¥19.61 | −66% | vs HEXA-B |
| Keysight Technologies, Inc KEYS | $382.75 | $116.07 | −70% | vs HEXA-B |
| Chroma ATE Inc 2360 | 2,365 TWD | 614.66 TWD | −74% | vs HEXA-B |
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Key figures of Hexagon AB (publ)
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