Hexagon AB (HXGBF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Hexagon AB $7.64, price $9.99, upside -23.5%, quality 65 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
HXGBF · USOvervalued / MonitorQuality is not strong enough to offset the price risk.
What runs behind every stock
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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 29, 2026.
How to read this chart
60‑month range $3.38 – $16.50 · fair‑value band $4.93 – $9.54 · the $9.99 price screens above the $7.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
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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Hexagon AB (publ) provides geospatial and industrial enterprise solutions worldwide. It operates in Manufacturing Intelligence, Geosystems, Autonomous Solutions and Octave segments. 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 (HXGBF) currently trades at $9.99, while our model-based Fair Value estimate is $7.64, 23.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $8.08 per share, and 4 of the 26 models we run sit above the $9.99 price.
Bear case: the Earnings-Based group reads lowest at $1.90, and 22 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $4.93 (bear) to $9.54 (bull), the price of $9.99 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 65/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hexagon AB 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 $27.0B · P/E ratio 10.0 · P/S ratio 1.14 · EPS (TTM) $0.8800 · Dividend yield 1.4% · Net margin 11.4% · Return on equity 17.9% · Return on assets (EBIT) 7.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −37% fair-value upside, at −24%, HXGBF screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 38
Revenue & earnings trend
Growth Forecast
HXGBF screens overvalued: fair value 24% below the price. Compare with Keysight Technologies, Inc →
Earlier news
- Hexagon AB (HXGBF) Q2 2026 Earnings Call Highlights: Strong Organic Growth and Impressive Cash ...
- Hexagon Interim Report 1 January - 30 June 2026
Compare Hexagon AB with another stock
Price, fair value, quality and upside side by side.
Context: sector, industry, market
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA 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 |
|---|---|---|---|
| Keysight Technologies, Inc KEYS | $362.15 | $116.07 | −68% |
| Coherent Corp COHR | $292.21 | $98.35 | −66% |
| Garmin Ltd GRMN | $294.14 | $304.44 | +4% |
| Chroma ATE Inc 2360 | 2,295 TWD | 614.66 TWD | −73% |
| Teledyne Technologies Incorporated TDY | $605.59 | $666.15 | +10% |
| AVIC Chengdu Aircraft Company 302132 | ¥72.18 | ¥19.61 | −73% |
| MKS Inc MKSI | $260.82 | $199.90 | −23% |
| Fortive Corporation FTV | $56.09 | $35.20 | −37% |
| Trimble Inc TRMB | $57.85 | $29.24 | −49% |
| Cognex Corporation CGNX | $58.75 | $38.10 | −35% |
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