Lasernet Group (LASER) fair value: what the stock is really worth
As of Aug 24, 2026: fair value of Lasernet Group SEK 45.65, price SEK 29.10, upside +56.9%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.
How to read this chart
60‑month range kr 18.60 – kr 42.49 · fair‑value band kr 34.24 – kr 57.06 · the kr 29.10 price screens below the kr 45.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.
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Lasernet Group AB provides software and consulting services for capturing, managing, and distributing information in Sweden, Denmark, the rest of Nordic countries, the United Kingdom, Germany, the rest of Europe, North America, and internationally.
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Lasernet Group AB provides software and consulting services for capturing, managing, and distributing information in Sweden, Denmark, the rest of Nordic countries, the United Kingdom, Germany, the rest of Europe, North America, and internationally. The company offers products that are used to create, store, distribute, automate, relocate, archive, and manage information, data, and metadata. Its products include Lasernet, which allows users to create and distribute documents for various ERP and bank; Lasernet Keep, a digital archive solution; and X-Docs, is a comprehensive, SaaS-based Quality Management System (QMS) created specifically for the life sciences sector, including biotech, medical device, and pharmaceutical organisations. The company also products facilitate document generation, output management, customer communication management, and secure archiving, supporting use cases such as invoicing, payment flows, procurement, regulatory documentation, and logistics documents. The company serves manufacturing, warehousing, retail, field-service, utilities, life science, digital banking, retail banking, loan origination, wealth management, finance and operations, providing solutions that are highly customizable and scalable for small, medium, and large organizations. The company was formerly known as Formpipe Software AB and changed its name to Lasernet Group AB in April 2026. The company was incorporated in 2004 and is headquartered in Stockholm, Sweden.
Stock analysis
Lasernet Group (LASER) currently trades at kr 29.10, while our model-based Fair Value estimate is kr 45.65, implying the stock looks roughly 36.3% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 354.40 per share, and 9 of the 22 models we run sit above the kr 29.10 price.
Bear case: the Growth DCF group reads lowest at kr 11.06, and 13 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 34.24 (bear) to kr 57.06 (bull), the price of kr 29.10 sits below 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 Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Lasernet Group reported revenue of 243M SEK in FY2025 versus 485M SEK in FY2022, a compound −20.5%/yr. Reported net income was 495M SEK in FY2025, compounding +283.8%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap 1.6B SEK (≈ $157M) · P/S ratio 3.52 · EPS (TTM) kr −0.8100 · Net margin 204% · Return on equity −6.6% · Return on assets (EBIT) 2.0% · Operating margin 19.0% · Revenue (TTM) 243M SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 56% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at 57%, LASER screens cheaper than that median.
Fair Value models
Bear kr 34.24Fair Value kr 45.65Bull kr 57.06
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.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.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+9.3%
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.
−20.5%
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
3.2% (2022) → 6.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+21.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +18.8% a year for the price.
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.Software - Application · 685 stocks
Beats the industry median on 9/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Above median
Fair Value upside+56.9% · Top 25%
Profitability
Return on assets1.7% · Above median
Operating margin (TTM)19.0% · Top 25%
Growth and dividend
Revenue growth−0.2% · Below median
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Software - Application 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). "Lasernet Group Fair Value". https://www.fairvalue-calculator.com/stock/LASER
Frequently asked questions
Is Lasernet Group (LASER) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of kr 45.65 versus the last price from Aug 24, 2026 of kr 29.10, about +57% upside (undervalued).
What is the fair value of LASER?
Our model-based fair value for Lasernet Group is kr 45.65 (as of Sep 28, 2026), built from audited fundamentals. Last price (from Aug 24, 2026): kr 29.10.
What is the quality score of LASER?
Lasernet Group 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 Lasernet Group (LASER)?
Our model-based price target is the fair value of kr 45.65 (as of Sep 28, 2026) from 22 valuation models. Cautious scenario kr 34.24, optimistic scenario kr 57.06. It is a calculation from audited fundamentals, not an analyst target.
What is the Lasernet Group stock forecast for 2026?
Our models put fair value at kr 45.65, about +57% upside versus the last price from Aug 24, 2026 of kr 29.10 (undervalued). Cautious scenario kr 34.24, optimistic scenario kr 57.06. The calculation is refreshed regularly with new filings.
What is the revenue of Lasernet Group (LASER)?
Lasernet Group reported trailing-twelve-month revenue of about 243M SEK (latest available figure, as of Sep 28, 2026).
What growth is priced into Lasernet Group (LASER)?
For today's price to be fair in a discounted-cash-flow model, Lasernet Group would have to grow free cash flow by +21.1 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew -20.6 % per year. As of Sep 28, 2026.
What discount rate (WACC) does the fair value of LASER use?
Our models discount Lasernet Group at 11.0 %: a base by market capitalisation (micro), damped by beta 0.46, 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 Lasernet Group that is +21.1 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Lasernet Group (LASER) delivered so far?
Over the past 3 years revenue at Lasernet Group grew -20.6 % a year. The price currently implies +21.1 % 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 Lasernet Group (LASER) growing?
The median revenue growth in the sector is +15.2 % a year. That is the yardstick for the growth priced into Lasernet Group (+21.1 % 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 Lasernet Group (LASER)?
The free-cash-flow yield on the price is 3.19 %: that much free cash flow Lasernet Group produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lasernet Group (LASER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lasernet Group it is kr 45.65 per share (as of Sep 28, 2026), against a price of kr 29.10. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Lasernet Group stock overvalued or undervalued in 2026?
As of Sep 28, 2026, LASER trades below its calculated fair value: price kr 29.10, fair value kr 45.65, a gap of about +57% (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 LASER?
No. The price is what the market pays today (kr 29.10); the fair value is what the company's own numbers justify (kr 45.65). For Lasernet Group the two are kr 16.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lasernet Group worth?
The market values Lasernet Group at about 1.6B SEK (market capitalisation, as of Sep 28, 2026). Per share that is kr 29.10; our models calculate a fair value of kr 45.65 per share.
What do the bullish and bearish scenarios say about LASER?
Our models span a range for Lasernet Group: cautious scenario kr 34.24, base kr 45.65, optimistic kr 57.06 per share (as of Sep 28, 2026, price kr 29.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of LASER?
The PEG ratio of Lasernet Group is 1.07 (P/E divided by earnings growth, as of Sep 28, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Lasernet Group (LASER)?
Balance-sheet figures for Lasernet Group (as of Sep 28, 2026): return on equity −6.6%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is LASER from its 52-week high?
Lasernet Group trades at kr 29.10, about 7% below its 52-week high of kr 31.29 and 56% above the low of kr 18.60 (as of Aug 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 45.65 is for.
Which stocks are comparable to Lasernet Group?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Lasernet Group stock attractive at the current price?
The data as of Sep 28, 2026: price kr 29.10, calculated fair value kr 45.65 (+57%), Quality Score 65/100, from 22 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 LASER calculated?
We run Lasernet Group through 22 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 45.65, 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 14.5 % above its aggregate fair value. Lasernet Group currently trades 36 % 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 Lasernet Group (LASER)?
The latest price we hold is from Aug 24, 2026 and stands at kr 29.10. Our model-based fair value is kr 45.65, about +57% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lasernet Group right now?
The price is below even our cautious bear case (kr 34.24). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Lasernet Group
How large is the market capitalisation of Lasernet Group (LASER)?
The market capitalisation of Lasernet Group is 1.6B SEK (≈ $157M). 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 Lasernet Group (LASER)?
The price-to-sales ratio of Lasernet Group is 3.52 (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 Lasernet Group (LASER)?
Earnings per share at Lasernet Group are kr −0.8100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Lasernet Group (LASER)?
The net margin of Lasernet Group is 204% (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 Lasernet Group (LASER)?
The return on equity (ROE) of Lasernet Group is −6.6% (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 Lasernet Group (LASER)?
On an EBIT basis the return on assets of Lasernet Group is 2.0% (avg 4y). 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 Lasernet Group (LASER)?
The operating margin of Lasernet Group is 19.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lasernet Group (LASER)?
Revenue at Lasernet Group is growing −0.2% versus a year earlier (3y avg −20.5%). 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 Lasernet Group (LASER)?
Earnings per share at Lasernet Group are growing +28.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Lasernet Group (LASER) carry?
The net debt of Lasernet Group is 27.7M SEK (fiscal year 2022, ≈ 0.6 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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