Lagercrantz Group AB (publ) (LAGR-B) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of Lagercrantz Group AB (publ) stock SEK 128, price SEK 229, upside -43.9%, quality 65 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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 Oct 13, 2026.
How to read this chart
60‑month range kr 75.92 – kr 265.60 · fair‑value band kr 65.70 – kr 205.75 · the kr 228.80 price screens above the kr 128.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 13, 2026.
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Lagercrantz Group AB (publ), together with its subsidiaries, operates as a technology company in Sweden, Denmark, Norway, Finland, Germany, the United Kingdom, Benelux, Poland, rest of Europe, North America, Asia, and internationally.
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The company operates through five segments: Electrify, Control, TecSec, Niche Products, and International.
It offers IP-classed enclosures, cabinets, and storage solutions; cabling solutions; safety and security products and systems; infrastructure and electrical products; technical housing; and measure and control technical equipment.
The company also provides technical security products, such as locking devices, fences and security doors, technical security systems, and security solutions that prevent accidents.
In addition, it offers washing systems for heavy vehicles, dispenser systems for foodstuffs, sharpening systems for knives and other edge tools, and special doors for refrigeration rooms and hospitals, as well as valves for land-based fish farms; and marine products.
The company provides its solutions for shipyards, railways, power distribution, and mechanical; industry, electricity distribution, transmission, renewable energy, transport infrastructure, battery and charging technologies, and communication networks, such as fibre and 5G; and public authorities, critical societal functions, companies, logistics, nursing and healthcare, building, and construction, as well as offshore sectors.
Lagercrantz Group AB (publ) was founded in 1906 and is headquartered in Stockholm, Sweden.
Stock analysis
Lagercrantz Group AB (publ) (LAGR-B) currently trades at kr 228.80, while our model-based Fair Value estimate is kr 128.32, 43.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 135.03 per share, and 0 of the 9 models we run sit above the kr 228.80 price.
Bear case: the Economic Profit group reads lowest at kr 47.86, and 9 of the 9 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 65.70 (bear) to kr 205.75 (bull), the price of kr 228.80 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 Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Lagercrantz Group AB (publ) reported revenue of 10.6B SEK in FY2026 versus 5.5B SEK in FY2022, a compound +17.9%/yr. Reported net income was 1.2B SEK in FY2026, compounding +20.4%/yr from FY2022.
Key figures
Market cap 47.3B SEK (≈ $4.8B) Mid · P/E ratio 37.2 · P/S ratio 4.28 · EPS (TTM) kr 6.07 · Dividend yield 1.1% · Net margin 11.3% · Return on equity 28.5% · Return on assets (EBIT) 12.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 19% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −14% fair-value upside, at −44%, LAGR-B screens richer than that median.
Fair Value models
Bearkr 65.70Fair Value kr 128.32Bullkr 205.75
Price kr 228.80 · Upside -43.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (kr 1.99 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.0%
Revenue growth 3 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.
+13.6%
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.
+21.0%
Start year 2021 (pandemic). Over 10 years: +13.2% 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.
+9.0%
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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. Basis: EBIT basis.
+26.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.9%
Dividend (yield on the price)1.1%
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.25.0% vs 17.3%, picking up
Profit margin 2021 to 2026 ⓘ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.13% → 16%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
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).
+23.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +20.9% a year for the price and +5.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (57 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.Negative
Recent news coverage is more negative than average.
AI conclusion: The serial-acquirer model with rising proprietary products supports steady expansion across divisions, yet the conglomerate structure lacks durable power and raises integration risks.
Main risk: The acquisition pace increases exposure to integration risks and the need for disciplined deal pricing, which could stretch the balance sheet and limit cash generation gains.
Lagercrantz keeps adding niche technology companies through acquisitions while proprietary products already account for 80 percent of revenue on the way to an 85 percent target. This serial-acquirer model supports steady expansion across its divisions, yet it also increases exposure to integration risks and the need for disciplined pricing of deals. Our models currently see the shares as overvalued. Will the focus on higher-margin proprietary offerings ultimately strengthen cash generation more than the acquisition pace stretches the balance sheet?
Compare Lagercrantz Group AB (publ) with another stock
Price, fair value, quality and upside side by side.
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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.Conglomerates · 353 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−43.9% · Bottom 25%
Profitability
Return on equity (12 months)28.5% · Top 25%
Return on assets9.4% · Top 25%
Net margin (12 months)11.3% · Above median
Operating margin (12 months)14.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)17.6% · Above median
Dividend yield (12 months)1.1% · Below median
Balance sheet
Debt / equity0.87× · Highest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
P/E (12 months)37.2× · Priciest 25%
P/B10.65× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)4.28× · Priciest 25%
Price / free cash flow36.7× · Priciest 25%
EV/EBITDA23.9× · Priciest 25%
PEG3.02× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 44
FUTURE (revenue growth)88· sector 26
PAST (return on equity)100· sector 21
HEALTH (low debt)56· sector 90
DIVIDEND (yield)22· sector 44
VALUE 0: the price sits above our fair-value range.
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). "Lagercrantz Group AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/LAGR-B
Frequently asked questions
Is Lagercrantz Group AB (publ) (LAGR-B) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of kr 128.32 versus a price of kr 228.80, about −44% upside (overvalued).
What is the fair value of LAGR-B?
Our model-based fair value for Lagercrantz Group AB (publ) is kr 128.32 (as of Oct 13, 2026), built from audited fundamentals. The current price: kr 228.80.
What is the quality score of LAGR-B?
Lagercrantz Group AB (publ) has a Quality Score of 65/100. 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 Lagercrantz Group AB (publ) (LAGR-B)?
Our model-based price target is the fair value of kr 128.32 (as of Oct 13, 2026) from 9 valuation models. Cautious scenario kr 65.70, optimistic scenario kr 205.75. It is a calculation from audited fundamentals, not an analyst target.
What is the Lagercrantz Group AB (publ) stock forecast for 2026?
Our models put fair value at kr 128.32, about −44% upside versus a price of kr 228.80 (overvalued). Cautious scenario kr 65.70, optimistic scenario kr 205.75. The calculation is refreshed regularly with new filings.
What is the revenue of Lagercrantz Group AB (publ) (LAGR-B)?
Lagercrantz Group AB (publ) reported trailing-twelve-month revenue of about 11.0B SEK (latest available figure, as of Oct 13, 2026).
Does Lagercrantz Group AB (publ) pay a dividend?
Lagercrantz Group AB (publ) currently shows a dividend yield of 1.09% relative to its recent price (as of Oct 13, 2026).
What growth is priced into Lagercrantz Group AB (publ) (LAGR-B)?
For today's price to be fair in a discounted-cash-flow model, Lagercrantz Group AB (publ) would have to grow free cash flow by +23.3 % per year for five years (discount rate 10.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.0 % per year. As of Oct 13, 2026.
What discount rate (WACC) does the fair value of LAGR-B use?
Our models discount Lagercrantz Group AB (publ) at 10.0 %: a base by market capitalisation (mid), damped by beta 1.19, country premium for Sweden. 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 Lagercrantz Group AB (publ) that is +23.3 % per year a year over ten years, using the same discount rate (10.0 %) and the same formula as our fair value.
How much growth has Lagercrantz Group AB (publ) (LAGR-B) delivered so far?
Over the past 5 years revenue at Lagercrantz Group AB (publ) grew +21.0 % a year. The price currently implies +23.3 % 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 Lagercrantz Group AB (publ) (LAGR-B) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Lagercrantz Group AB (publ) (+23.3 % 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 Lagercrantz Group AB (publ) (LAGR-B)?
The free-cash-flow yield on the price is 2.73 %: that much free cash flow Lagercrantz Group AB (publ) produces per unit of market value. When it exceeds the discount rate of our models (10.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lagercrantz Group AB (publ) (LAGR-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lagercrantz Group AB (publ) it is kr 128.32 per share (as of Oct 13, 2026), against a price of kr 228.80. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Lagercrantz Group AB (publ) stock overvalued or undervalued in 2026?
As of Oct 13, 2026, LAGR-B trades above its calculated fair value: price kr 228.80, fair value kr 128.32, a gap of about −44% (overvalued). 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 LAGR-B?
No. The price is what the market pays today (kr 228.80); the fair value is what the company's own numbers justify (kr 128.32). For Lagercrantz Group AB (publ) the two are kr 100.48 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lagercrantz Group AB (publ) worth?
The market values Lagercrantz Group AB (publ) at about 47.3B SEK (market capitalisation, as of Oct 13, 2026). Per share that is kr 228.80; our models calculate a fair value of kr 128.32 per share.
What do the bullish and bearish scenarios say about LAGR-B?
Our models span a range for Lagercrantz Group AB (publ): cautious scenario kr 65.70, base kr 128.32, optimistic kr 205.75 per share (as of Oct 13, 2026, price kr 228.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LAGR-B?
Lagercrantz Group AB (publ) trades at a price-to-earnings ratio of 37.2 (as of Oct 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 128.32 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2021 to 2026), reported earnings, FY2026 ex one-offs: 38.3. Other multiples: PEG 3.0, P/B 10.7, P/S 4.3, EV/EBITDA 23.9.
What is the PEG ratio of LAGR-B?
The PEG ratio of Lagercrantz Group AB (publ) is 3.02 (P/E divided by earnings growth, as of Oct 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Lagercrantz Group AB (publ) (LAGR-B)?
Balance-sheet figures for Lagercrantz Group AB (publ) (as of Oct 13, 2026): return on equity 28.5%, debt of 0.87 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is LAGR-B from its 52-week high?
Lagercrantz Group AB (publ) trades at kr 228.80, about 14% below its 52-week high of kr 265.60 and 19% above the low of kr 192.20 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of kr 128.32 is for.
Which stocks are comparable to Lagercrantz Group AB (publ)?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, CK Hutchison Holdings, 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 Lagercrantz Group AB (publ) stock attractive at the current price?
The data as of Oct 13, 2026: price kr 228.80, calculated fair value kr 128.32 (−44%), Quality Score 65/100, from 9 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 LAGR-B calculated?
We run Lagercrantz Group AB (publ) through 9 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 kr 128.32, 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 13.9 % above its aggregate fair value. Lagercrantz Group AB (publ) itself currently trades above fair value. 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 Lagercrantz Group AB (publ) (LAGR-B)?
The closing price on Oct 20, 2026 was kr 228.80. Our model-based fair value is kr 128.32, about −44% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lagercrantz Group AB (publ) right now?
The price sits above even our optimistic bull case (kr 205.75). The favourable scenario is already priced in. The model range is unusually wide (kr 65.70 to kr 205.75). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Lagercrantz Group AB (publ) (LAGR-B) come from?
Earnings per share at Lagercrantz Group AB (publ) grew +17.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +13.4 %, EBIT margin +4.2 %, tax rate +0.1 %, residual (interest, one-offs) −0.7 %. 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 Lagercrantz Group AB (publ)
How large is the market capitalisation of Lagercrantz Group AB (publ) (LAGR-B)?
The market capitalisation of Lagercrantz Group AB (publ) is 47.3B SEK (≈ $4.8B). 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 Lagercrantz Group AB (publ) (LAGR-B)?
The price-to-sales ratio of Lagercrantz Group AB (publ) is 4.28 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lagercrantz Group AB (publ) (LAGR-B)?
Earnings per share at Lagercrantz Group AB (publ) are kr 6.07 (price ÷ EPS = P/E 37.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lagercrantz Group AB (publ) (LAGR-B)?
The dividend yield of Lagercrantz Group AB (publ) is 1.1% (payout 41.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Lagercrantz Group AB (publ) (LAGR-B)?
The net margin of Lagercrantz Group AB (publ) is 11.3% (last twelve months). 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 Lagercrantz Group AB (publ) (LAGR-B)?
The return on equity (ROE) of Lagercrantz Group AB (publ) is 28.5% (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 Lagercrantz Group AB (publ) (LAGR-B)?
On an EBIT basis the return on assets of Lagercrantz Group AB (publ) is 12.8% (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.
What is the operating margin of Lagercrantz Group AB (publ) (LAGR-B)?
The operating margin of Lagercrantz Group AB (publ) is 14.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lagercrantz Group AB (publ) (LAGR-B)?
Revenue at Lagercrantz Group AB (publ) is growing +17.6% versus a year earlier (3y avg +13.6%). 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 Lagercrantz Group AB (publ) (LAGR-B)?
Earnings per share at Lagercrantz Group AB (publ) are growing +20.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Lagercrantz Group AB (publ) (LAGR-B) carry?
The net debt of Lagercrantz Group AB (publ) is 4.2B SEK (fiscal year 2026, ≈ 3.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 13, 2026