EN DE

Investor AB (INVE-B) Fair Value & Analysis

Financial Services · SE · Market cap 1.2T SEK

IA Investor AB INVE-B · ST
Pricekr 417.90
Fair Valuekr 847.40
Upside+102.8%
Quality68/100
Watch Investor AB for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Highly profitable · 74.5% net margin
Low debt · generates free cash flow
1.43% dividend yield
Ranks above peers (11/15)
Wide moat 84/100
Evidence: High Range kr 501.86 – kr 1,548 Share as image

Fair value as of: Aug 9, 2026

From 11 valuation models · updated 3 days ago

Fair value updated Aug 9, 2026, revised from kr 788.80 to kr 847.40 (+7.4%) since Jul 12, 2026. Share price +6.8% over the past month.

A solid business, screening 103% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (kr 501.86). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (kr 501.86 to kr 1,548). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

kr 424.05 kr 148.00 Fair Value kr 847.40 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

60‑month range kr 148.00 – kr 424.05 · fair‑value band kr 501.86 – kr 1,548 · the kr 417.90 price screens below the kr 847.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 9, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Investor AB (INVE-B) currently trades at kr 417.90, while our model-based Fair Value estimate is kr 847.40, implying the stock looks roughly 102.8% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Investor AB generated revenue of 256B SEK at a net margin of 74.5%. It earns a return on equity of 21.2%. Net debt stands at 95.0B SEK. The stock trades on a trailing P/E of 6.1. Fundamentals as of Aug 9, 2026

Our scenario range runs from kr 501.86 (bear case) to kr 1,548 (bull case); at kr 417.90, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 56% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -56% fair-value upside, at 103%, INVE-B screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Growth DCF kr 75.21 kr 188.24 kr 378.07 80
Residual Income kr 356.23 kr 473.89 kr 1,732 76
Rev-Margin DCF kr 86.61 kr 184.53 kr 388.98 74
All 11 models by family
DCF Models
Owner Earnings kr 839.99 kr 2,007 kr 4,567 31
5Y P/E Exit kr 625.03 kr 1,618 kr 3,002 38
10Y P/E Exit kr 489.74 kr 1,426 kr 3,042 35
Earnings-Based
Graham-Dodd kr 349.36 kr 2,436 kr 3,419 54
Lynch FV kr 1,259 kr 1,798 kr 2,338 50
Multiples
P/E Multiple kr 809.19 kr 1,079 kr 1,349 63
P/B Multiple kr 655.06 kr 873.41 kr 1,092 55
Asset-Based
NCAV (Graham) kr 155.56 kr 208.45 kr 311.11 50
Growth DCF
Growth DCF kr 75.21 kr 188.24 kr 378.07 80
Rev-Margin DCF kr 86.61 kr 184.53 kr 388.98 74
Economic Profit
Residual Income kr 356.23 kr 473.89 kr 1,732 76

Widest divergence: Earnings-Based (kr 1,798) versus Growth DCF (kr 184.53). Highest evidence: Growth DCF (80).

Notify me when INVE-B reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 256B SEK
Revenue growth (YoY) +357%
Net margin 74.5%
Return on equity 21.2%
Free cash flow 19.0B SEK FY2025
P/E ratio 6.1
More key figures
Operating margin 69.6%
EPS (TTM) kr 62.20
Dividend yield 1.5%
EPS growth (YoY) +367%
Net debt 95.0B SEK FY2025

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 64 · Market factors (momentum, volatility) 80

Profitability 57
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 93
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Investor AB (publ) is a private equity firm specializing in mature, middle market, buyouts and growth capital investments.

Full company description

Investor AB (publ) is a private equity firm specializing in mature, middle market, buyouts and growth capital investments. For core investments, the firm invests in health care, financial services, IT and fintech sectors, life sciences, mathematics, data, materials science, AI, quantum technology and considers investments in listed companies in leading minority positions. The firm seeks to invest globally. For its operating investments, the firm seeks to focus on medium-sized to large companies headquartered in Northern Europe. It prefers to invests in North Africa, Sub-Saharan Africa, Asia-Pacific, Channel Island, Greenland, The Faroe Islands, Finland, Iceland, Ireland, Jan Mayen, Svalbard, Sweden, Isle of Man, Estonia, Latvia, Lithuania, Great Lakes, Mountain, Latin America and Caribbean region. It seeks to invest between $200 million and $700 million. The firm considers majority or minority investments in both listed and unlisted companies. It acquires controlling interest or minority position with significant influence in its portfolio companies within operating investments. For financial investments, it acquires minority ownership in financial holdings for shorter horizon. The firm seeks to exit its private equity investments between three years and seven years. The firm seeks to take board membership in its portfolio companies. Investor AB (publ) was founded in 1916 and is based in Stockholm, Sweden.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Investor AB reported revenue of kr 222B in FY2025 versus kr 265B in FY2021, a compound −4.4%/yr. Reported net income was kr 157B in FY2025, compounding −8.8%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
222B SEK
Latest YoY
+28.4%
Avg. growth/yr (5Y) 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.
+20.2%
Avg. growth/yr (23Y) 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.
+21.4%
Revenue −4.4%/yr
FY21 kr 265B
FY22 −kr 24.8B
FY23 kr 171B
FY24 kr 173B
FY25 kr 222B
Net income −8.8%/yr
FY21 kr 228B
FY22 −kr 74.8B
FY23 kr 119B
FY24 kr 113B
FY25 kr 157B
Character of growth · EPS growth decomposed (2014-2025) +16.0 % p.a.
Revenue per share +13.8 pp

of which total revenue +13.9 pp · buybacks/dilution +0.0 pp

EBIT margin +1.5 pp
Tax rate +0.0 pp
Residual (interest, one-offs) +0.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch INVE-B: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Investor AB Fair Value". https://www.fairvalue-calculator.com/stock/INVE-B

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Asset Management · 970 stocks

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.

Quality Score 68 · Top 25%
Fair Value upside +103% · Top 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 75% · Top 25%
Operating margin (TTM) 70% · Above median
Revenue growth 357% · Top 25%
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 6.3× · Cheaper than median
P/B 1.27× · Pricier than median
P/S (TTM) 4.72× · Cheaper than median
P/FCF 6.7× · Cheaper than median
EV/EBITDA 6.4× · Cheaper than median
PEG 5.08× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 38
FUTURE 100 · sector 6
PAST 85 · sector 26
HEALTH 94 · sector 95
DIVIDEND 29 · sector 69

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%
HDFC Asset Management Company HDFCAMC ₹2,729 ₹301.41 -89%

Compare Investor AB with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Investor AB (INVE-B) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of kr 847.40 versus a price of kr 417.90, about +103% (undervalued).
What is the fair value of INVE-B?
Our model-based fair value for Investor AB is kr 847.40 (as of Aug 9, 2026), built from audited fundamentals. The current price is kr 417.90.
What is the quality score of INVE-B?
Investor AB has a Quality Score of 68/100. 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 revenue of Investor AB (INVE-B)?
Investor AB reported trailing-twelve-month revenue of about 256B SEK (latest available figure, as of Aug 9, 2026).
What is the net profit margin of INVE-B?
The net profit margin of Investor AB is about 74.5%, meaning it keeps roughly 74.5% of revenue as net income. Based on the latest reported figures.
Does Investor AB pay a dividend?
Investor AB currently shows a dividend yield of about 1.47% relative to its recent price (as of Aug 9, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Investor AB and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.