Investor AB (publ) (IVSXF) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Investor AB (publ) $47.03, price $41.04, upside +14.6%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Investor AB (publ) for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $4.14 – $43.50 · fair‑value band $35.36 – $84.43 · the $41.04 price screens below the $47.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow Investor AB (publ) in your weekly email
Every Wednesday you see whether Investor AB (publ) is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Investor AB (publ) is a private equity firm specializing in mature, middle market, buyouts and growth capital investments.
Show more
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.
Stock analysis
Investor AB (publ) (IVSXF) currently trades at $41.04, while our model-based Fair Value estimate is $47.03, implying the stock looks roughly 12.7% undervalued today.
Show more
Valuation
Bull case: the Economic Profit group reads highest at a median of $453.93 per share, and 11 of the 11 models we run sit above the $41.04 price.
Bear case: the Asset-Based group reads lowest at $208.50, and 0 of the 11 models stay below the price. Evidence for this calculation is medium.
Scenario range: $35.36 (bear) to $84.43 (bull), the price of $41.04 sits inside 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 67/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Investor AB (publ) reported revenue of 222B SEK in FY2025 versus 265B SEK in FY2021, a compound −4.4%/yr. Reported net income was 157B SEK in FY2025, compounding −8.8%/yr from FY2021.
Key figures
Market cap $126B · P/E ratio 6.0 · P/S ratio 4.27 · EPS (TTM) $6.62 · Net margin 71.0% · Return on equity 21.2% · Return on assets (EBIT) 12.1% · Revenue (TTM) $133B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades about 6% below its 52-week high and 37% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at 15%, IVSXF screens cheaper than that median.
Fair Value models
Bear $35.36Fair Value $47.03Bull $84.43
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 ($4.84 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.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.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+28.4%
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.
+20.2%
Start year 2020 (pandemic). Over 10 years: +18.1% a year
Revenue growth 23 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.
+21.4%
’13
’14
’15
’16
’17
’18
’19
’20
’21
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘ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.
+9.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.2%
Dividend (yield on the price)0.0%
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.9% vs 17%, slowing
Profit margin 2020 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.60% → 73%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−6.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −8.5% a year for the price.
News mood ⓘNews mood, the average tone of recent news (20 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.Positive
Recent news coverage is more positive than average.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Asset Management · 659 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+15% · Below median
Profitability
Return on equity (TTM)21% · Top 25%
Return on assets12% · Top 25%
Net margin (TTM)75% · Top 25%
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth357% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
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 (publ) Fair Value". https://www.fairvalue-calculator.com/stock/IVSXF
Frequently asked questions
Is Investor AB (publ) (IVSXF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $47.03 versus a price of $41.04, about +15% upside (undervalued).
What is the fair value of IVSXF?
Our model-based fair value for Investor AB (publ) is $47.03 (as of Sep 24, 2026), built from audited fundamentals. The current price: $41.04.
What is the quality score of IVSXF?
Investor AB (publ) has a Quality Score of 67/100. 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 Investor AB (publ) (IVSXF)?
Our model-based price target is the fair value of $47.03 (as of Sep 24, 2026) from 11 valuation models. Cautious scenario $35.36, optimistic scenario $84.43. It is a calculation from audited fundamentals, not an analyst target.
What is the Investor AB (publ) stock forecast for 2026?
Our models put fair value at $47.03, about +15% upside versus a price of $41.04 (undervalued). Cautious scenario $35.36, optimistic scenario $84.43. The calculation is refreshed regularly with new filings.
What is the revenue of Investor AB (publ) (IVSXF)?
Investor AB (publ) reported trailing-twelve-month revenue of about $133B (latest available figure, as of Sep 24, 2026).
What growth is priced into Investor AB (publ) (IVSXF)?
For today's price to be fair in a discounted-cash-flow model, Investor AB (publ) would have to grow free cash flow by -6.4 % per year for five years (discount rate 8.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +20.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of IVSXF use?
Our models discount Investor AB (publ) at 8.7 %: a base by market capitalisation (large), damped by beta 0.78, country premium for USA. 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 Investor AB (publ) that is -6.4 % per year a year over ten years, using the same discount rate (8.7 %) and the same formula as our fair value.
How much growth has Investor AB (publ) (IVSXF) delivered so far?
Over the past 5 years revenue at Investor AB (publ) grew +20.2 % a year. The price currently implies -6.4 % 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 Investor AB (publ) (IVSXF) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Investor AB (publ) (-6.4 % 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 Investor AB (publ) (IVSXF)?
The free-cash-flow yield on the price is 15.10 %: that much free cash flow Investor AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (8.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Investor AB (publ) (IVSXF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Investor AB (publ) it is $47.03 per share (as of Sep 24, 2026), against a price of $41.04. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Investor AB (publ) stock overvalued or undervalued in 2026?
As of Sep 24, 2026, IVSXF trades below its calculated fair value: price $41.04, fair value $47.03, a gap of about +15% (undervalued). 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 IVSXF?
No. The price is what the market pays today ($41.04); the fair value is what the company's own numbers justify ($47.03). For Investor AB (publ) the two are $5.99 per share apart. That gap is exactly why we show both numbers side by side.
How much is Investor AB (publ) worth?
The market values Investor AB (publ) at about $126B (market capitalisation, as of Sep 24, 2026). Per share that is $41.04; our models calculate a fair value of $47.03 per share.
What do the bullish and bearish scenarios say about IVSXF?
Our models span a range for Investor AB (publ): cautious scenario $35.36, base $47.03, optimistic $84.43 per share (as of Sep 24, 2026, price $41.04). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IVSXF?
Investor AB (publ) trades at a price-to-earnings ratio of 6.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $47.03 is built from several models across several years. Other multiples: P/B 0.1, P/S 0.9, EV/EBITDA 0.9.
How solid is the balance sheet of Investor AB (publ) (IVSXF)?
Balance-sheet figures for Investor AB (publ) (as of Sep 24, 2026): return on equity 21.2%, debt of 0.08 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is IVSXF from its 52-week high?
Investor AB (publ) trades at $41.04, about 6% below its 52-week high of $43.50 and 37% above the low of $30.01 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $47.03 is for.
Which stocks are comparable to Investor AB (publ)?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, 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 Investor AB (publ) stock attractive at the current price?
The data as of Sep 24, 2026: price $41.04, calculated fair value $47.03 (+15%), Quality Score 67/100, from 11 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 IVSXF calculated?
We run Investor AB (publ) through 11 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 $47.03, 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 14.1 % above its aggregate fair value. Investor AB (publ) currently trades 15 % below its own fair value, and the market average says nothing about that. 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 Investor AB (publ) (IVSXF)?
The closing price on Sep 23, 2026 was $41.04. Our model-based fair value is $47.03, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Investor AB (publ) right now?
A fairly wide model range ($35.36 to $84.43) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Investor AB (publ) (IVSXF) come from?
Earnings per share at Investor AB (publ) grew +16.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +14.1 %, EBIT margin +1.5 %, tax rate +0.0 %, residual (interest, one-offs) +0.4 %. 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 Investor AB (publ)
How large is the market capitalisation of Investor AB (publ) (IVSXF)?
The market capitalisation of Investor AB (publ) is $126B. 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 Investor AB (publ) (IVSXF)?
The price-to-sales ratio of Investor AB (publ) is 4.27 (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 Investor AB (publ) (IVSXF)?
Earnings per share at Investor AB (publ) are $6.62 (price ÷ EPS = P/E 6.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Investor AB (publ) (IVSXF)?
The net margin of Investor AB (publ) is 71.0% (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 Investor AB (publ) (IVSXF)?
The return on equity (ROE) of Investor AB (publ) is 21.2% (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 Investor AB (publ) (IVSXF)?
On an EBIT basis the return on assets of Investor AB (publ) is 12.1% (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.
How fast is revenue growing at Investor AB (publ) (IVSXF)?
Revenue at Investor AB (publ) is growing +357% versus a year earlier. 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 Investor AB (publ) (IVSXF)?
Earnings per share at Investor AB (publ) are growing +367% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Investor AB (publ) (IVSXF) carry?
The net debt of Investor AB (publ) is $93.5B (fiscal year 2025, ≈ 4.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Investor AB (publ) in the live analysis
One click puts Investor AB (publ) on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Some data
Sep 24, 2026