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Kesko Oyj (KESKOB) Fair Value & Analysis

Consumer Defensive · FI · Market cap €7.8B

KO Kesko Oyj KESKOB · HE
Price€19.46
Fair Value€12.22
Upside-37.2%
Quality54/100
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Evidence: High Range €8.48 – €16.63

Fair value as of: Jul 16, 2026

From 24 valuation models · updated today

Fair value updated Jul 16, 2026 — revised from €11.45 to €12.22 (+6.7%) since Jul 5, 2026. Share price −0.9% over the past month.

Price vs Fair Value (12 months)

€21.40 €16.99 Fair Value €12.22 Jul 2025 Jul 2026

12‑month range €16.99 – €21.40 · fair‑value band €8.48 – €16.63 · the €19.46 price screens above the €12.22 fair value. As of Jul 16, 2026.

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Analysis

Kesko Oyj (KESKOB) currently trades at €19.46, while our model-based Fair Value estimate is €12.22 — implying the stock looks roughly 37.2% overvalued today. We read business quality at 54/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Kesko Oyj generated revenue of €12.7B at a net margin of 3.2%. Revenue grew 7.1% year over year. It earns a return on equity of 16.3%. Net debt stands at €3.4B. Fundamentals as of Jul 16, 2026

Our scenario range runs from €8.48 (bear case) to €16.63 (bull case); at €19.46, the current price sits above that range. The share trades about 11% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 5% fair-value upside — at -37%, KESKOB screens richer than that median.

Key figures & financial health

Revenue (TTM) €12.7B
Revenue growth (YoY) +7.1%
Net margin 3.2%
Return on equity 16.3%
Free cash flow €221M FY2025
P/E ratio 20.2
More key figures
Operating margin 3.2%
EPS (TTM) €1.03
Dividend yield 4.3%
EPS growth (YoY) +7.4%
Net debt €3.4B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 16, 2026. TTM = trailing twelve months.

About the company

Kesko Oyj engages in the chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Denmark, and Poland. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade divisions. The Grocery Trade division is involved in the wholesale and B2B trade of groceries, and retail of home and specialty goods under the K-retailer brand; offer online grocery services; and operates as a foodservice provider and wholesaler, as well as store retail chains under the K-Citymarket, K-Supermarket, K-Market, and Kespro. The Building and Technical Trade division engages in the wholesale, retail, and B2B trade of building and home improvement, and HEPAC and electrical products and services; and operates retail stores chain under the K-Rauta, K-Bygg, Byggmakker, and Davidsen, as well as serves technical trade customers under Onninen brand names. The Car Trade division is involved in the import, market, and retail of Volkswagen, Audi, SEAT, CUPRA, Bentley, and …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kesko Oyj reported revenue of €12.5B in FY2025 versus €11.3B in FY2021, a compound +2.5%/yr. Reported net income was €404M in FY2025, compounding −8.3%/yr from FY2021.

Revenue +2.5%/yr
FY21 €11.3B
FY22 €11.8B
FY23 €11.8B
FY24 €11.9B
FY25 €12.5B
Net income −8.3%/yr
FY21 €572M
FY22 €610M
FY23 €496M
FY24 €379M
FY25 €404M

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Cite: Fair Value Calculator (2026). "Kesko Oyj Fair Value". https://www.fairvalue-calculator.com/stock/KESKOB

Similar stocks

10 more Grocery Stores stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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Loblaw Companies Limited L C$65.53 C$40.13 -39%
The Kroger Co KR $64.46 $26.18 -59%
Koninklijke Ahold Delhaize N.V AHODF $41.10 $61.74 +50%
Tesco PLC TSCDF $5.94 $7.90 +33%
Woolworths Group WOW A$37.63 A$12.52 -67%
Seven & i Holdings SVNDF $11.76 $15.18 +29%
George Weston Limited WN C$104.83 C$53.08 -49%
Coles Group COL A$22.21 A$12.76 -43%
CP ALL Public Company CVPUF $1.30 $1.90 +46%
Metro Inc MRU C$89.80 C$94.01 +5%

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Frequently asked questions

Is Kesko Oyj (KESKOB) undervalued?
As of Jul 16, 2026, our model estimates a fair value of €12.22 versus a price of €19.46 — about −37% (overvalued). Model-based estimate, not financial advice.
What is the fair value of KESKOB?
Our model-based fair value for Kesko Oyj is €12.22 (as of Jul 16, 2026), built from audited fundamentals. The current price is €19.46.
What is the quality score of KESKOB?
Kesko Oyj has a Quality Score of 54/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Kesko Oyj (KESKOB)?
Kesko Oyj reported trailing-twelve-month revenue of about €12.7B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of KESKOB?
The net profit margin of Kesko Oyj is about 3.2%, meaning it keeps roughly 3.2% of revenue as net income. Based on the latest reported figures.
Does Kesko Oyj pay a dividend?
Kesko Oyj currently shows a dividend yield of about 4.29% relative to its recent price (as of Jul 16, 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.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.