Karnov Group (KAR) Fair Value & Analysis
Industrials · SE · Market cap 6.9B SEK
Fair value as of: Jun 24, 2026
From 26 valuation models · updated 5 days ago
Share price −8.3% over the past month.
Price vs Fair Value (12 months)
12‑month range kr 61.71 – kr 126.02 · fair‑value band kr 72.17 – kr 264.99 · the kr 64.70 price screens below the kr 122.73 fair value. As of Jun 24, 2026.
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Karnov Group (KAR) currently trades at kr 64.70, while our model-based Fair Value estimate is kr 122.73 — implying the stock looks roughly 89.7% undervalued today. We read business quality at 95/100 (high quality), in the Industrials 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, Karnov Group generated revenue of 2.6B SEK at a net margin of 36.7%. Revenue declined 6.6% year over year. It earns a return on equity of 38.0%. Net debt stands at 1.4B SEK. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
Karnov Group AB (publ) provides information and workflow solutions in Denmark, Sweden, Norway, France, Spain, and Portugal. It offers research, business valuation tools, international guides and workflow solutions, and literature; legal research solutions, continued legal education, and compliance workflow solutions. The company provides its products under the Karnov, Norstedts Juridik, Aranzadi LA LEY, Lamy Liaisons, Notisum, Echoline, BELLA Intelligence, DIBkunnskap, and Nørskov Miljø brand names. It serves practitioners, corporate, and public sector markets. Karnov Group AB (publ) was founded in 1867 and is headquartered in Stockholm, Sweden.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Karnov Group reported revenue of kr 2.6B in FY2025 versus kr 878M in FY2021, a compound +31.7%/yr. Reported net income was kr 971M in FY2025, compounding +83.9%/yr from FY2021.
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|---|---|---|---|
| Cintas Corporation CTAS | $180.40 | $74.70 | -59% |
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| Copart, Inc CPRT | $29.48 | $34.05 | +16% |
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.