Nordic LEVEL Group AB (LEVEL) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Nordic LEVEL Group AB SEK 0.83, price SEK 0.28, upside +200.0%, quality 48 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 23, 2026.
How to read this chart
60‑month range kr 0.2760 – kr 3.06 · fair‑value band kr 0.4941 – kr 1.31 · the kr 0.2760 price screens below the kr 0.8280 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Nordic LEVEL Group AB (publ.) provides safety and security solutions primarily in Sweden. The company operates through two segments: Advisory and Technology. It offers corporate security, personal and family security, background checks and investigation, external monitoring, analyses, security training, and incident and crisis management services.
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Nordic LEVEL Group AB (publ.) provides safety and security solutions primarily in Sweden. The company operates through two segments: Advisory and Technology. It offers corporate security, personal and family security, background checks and investigation, external monitoring, analyses, security training, and incident and crisis management services. It also provides security management systems, including access control, video surveillance and intrusion, and fire alarms with advanced digital technologies; guarding, and staffing, and facility services. It serves clients in real estate, industrial, transport, retail, and events and hospitality industries, as well as personal and family security, and public sectors. The company was formerly known as Confidence International AB (publ.) and changed its name to Nordic LEVEL Group AB (publ.) in December 2021. Nordic LEVEL Group AB (publ.) was incorporated in 1987 and is headquartered in Sundbyberg, Sweden.
Stock analysis
Nordic LEVEL Group AB (LEVEL) currently trades at kr 0.2760, while our model-based Fair Value estimate is kr 0.8280, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 1.36 per share, and 11 of the 11 models we run sit above the kr 0.2760 price.
Bear case: the Asset-Based group reads lowest at kr 0.6300, and 0 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 0.4941 (bear) to kr 1.31 (bull), the price of kr 0.2760 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 48/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Nordic LEVEL Group AB reported revenue of 390M SEK in FY2025 versus 227M SEK in FY2021, a compound +14.4%/yr. Reported net income was −3.1M SEK in FY2025.
Key figures
Market cap 68.9M SEK (≈ $6.9M) · P/S ratio 0.19 · EPS (TTM) kr −0.0600 · Net margin −0.8% · Return on equity −5.9% · Return on assets (EBIT) −2.1% · Operating margin −15.4% · Revenue (TTM) 356M SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 63% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −12% fair-value upside, at 200%, LEVEL screens cheaper than that median.
Fair Value models
Bear kr 0.4941Fair Value kr 0.8280Bull kr 1.31
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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+5.1%
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.
+11.3%
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.
+31.3%
Start year 2020 (pandemic). Over 10 years: +13.9% a year
Revenue growth 21 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.
+15.4%
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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.
−13.8% (2020) → −0.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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).
−10.3%
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 −12.0% 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.Security & Protection Services · 115 stocks
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). "Nordic LEVEL Group AB Fair Value". https://www.fairvalue-calculator.com/stock/LEVEL
Frequently asked questions
Is Nordic LEVEL Group AB (LEVEL) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of kr 0.8280 versus a price of kr 0.2760, about +200% upside (undervalued).
What is the fair value of LEVEL?
Our model-based fair value for Nordic LEVEL Group AB is kr 0.8280 (as of Sep 23, 2026), built from audited fundamentals. The current price: kr 0.2760.
What is the quality score of LEVEL?
Nordic LEVEL Group AB has a Quality Score of 48/100. 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 Nordic LEVEL Group AB (LEVEL)?
Our model-based price target is the fair value of kr 0.8280 (as of Sep 23, 2026) from 11 valuation models. Cautious scenario kr 0.4941, optimistic scenario kr 1.31. It is a calculation from audited fundamentals, not an analyst target.
What is the Nordic LEVEL Group AB stock forecast for 2026?
Our models put fair value at kr 0.8280, about +200% upside versus a price of kr 0.2760 (undervalued). Cautious scenario kr 0.4941, optimistic scenario kr 1.31. The calculation is refreshed regularly with new filings.
What is the revenue of Nordic LEVEL Group AB (LEVEL)?
Nordic LEVEL Group AB reported trailing-twelve-month revenue of about 356M SEK (latest available figure, as of Sep 23, 2026).
What growth is priced into Nordic LEVEL Group AB (LEVEL)?
For today's price to be fair in a discounted-cash-flow model, Nordic LEVEL Group AB would have to grow free cash flow by -10.3 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +31.3 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of LEVEL use?
Our models discount Nordic LEVEL Group AB at 8.3 %: a base by market capitalisation (nano), damped by beta 0.16, 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 Nordic LEVEL Group AB that is -10.3 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has Nordic LEVEL Group AB (LEVEL) delivered so far?
Over the past 5 years revenue at Nordic LEVEL Group AB grew +31.3 % a year. The price currently implies -10.3 % 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 Nordic LEVEL Group AB (LEVEL) growing?
The median revenue growth in the sector is +5.1 % a year. That is the yardstick for the growth priced into Nordic LEVEL Group AB (-10.3 % 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 Nordic LEVEL Group AB (LEVEL)?
The free-cash-flow yield on the price is 26.88 %: that much free cash flow Nordic LEVEL Group AB produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nordic LEVEL Group AB (LEVEL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nordic LEVEL Group AB it is kr 0.8280 per share (as of Sep 23, 2026), against a price of kr 0.2760. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Nordic LEVEL Group AB stock overvalued or undervalued in 2026?
As of Sep 23, 2026, LEVEL trades below its calculated fair value: price kr 0.2760, fair value kr 0.8280, a gap of about +200% (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 LEVEL?
No. The price is what the market pays today (kr 0.2760); the fair value is what the company's own numbers justify (kr 0.8280). For Nordic LEVEL Group AB the two are kr 0.5520 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nordic LEVEL Group AB worth?
The market values Nordic LEVEL Group AB at about 68.9M SEK (market capitalisation, as of Sep 23, 2026). Per share that is kr 0.2760; our models calculate a fair value of kr 0.8280 per share.
What do the bullish and bearish scenarios say about LEVEL?
Our models span a range for Nordic LEVEL Group AB: cautious scenario kr 0.4941, base kr 0.8280, optimistic kr 1.31 per share (as of Sep 23, 2026, price kr 0.2760). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Nordic LEVEL Group AB (LEVEL)?
Balance-sheet figures for Nordic LEVEL Group AB (as of Sep 23, 2026): return on equity −5.9%, debt of 0.04 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is LEVEL from its 52-week high?
Nordic LEVEL Group AB trades at kr 0.2760, about 63% below its 52-week high of kr 0.7540 and at the low of kr 0.2760 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.8280 is for.
Which stocks are comparable to Nordic LEVEL Group AB?
From the same area (Industrials) we also value Allegion plc, Verisure plc, Zhejiang Dahua Technology Co, MSA Safety Incorporated, 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 Nordic LEVEL Group AB stock attractive at the current price?
The data as of Sep 23, 2026: price kr 0.2760, calculated fair value kr 0.8280 (+200%), Quality Score 48/100, 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 LEVEL calculated?
We run Nordic LEVEL Group AB 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 kr 0.8280, 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. Nordic LEVEL Group AB currently trades 200 % 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 Nordic LEVEL Group AB (LEVEL)?
The closing price on Sep 25, 2026 was kr 0.2760. Our model-based fair value is kr 0.8280, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nordic LEVEL Group AB right now?
The price is below even our cautious bear case (kr 0.4941). The market is more pessimistic than our downside scenario. The model range is unusually wide (kr 0.4941 to kr 1.31). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 (48/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Nordic LEVEL Group AB
How large is the market capitalisation of Nordic LEVEL Group AB (LEVEL)?
The market capitalisation of Nordic LEVEL Group AB is 68.9M SEK (≈ $6.9M). 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 Nordic LEVEL Group AB (LEVEL)?
The price-to-sales ratio of Nordic LEVEL Group AB is 0.19 (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 Nordic LEVEL Group AB (LEVEL)?
Earnings per share at Nordic LEVEL Group AB are kr −0.0600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nordic LEVEL Group AB (LEVEL)?
The net margin of Nordic LEVEL Group AB is −0.8% (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 Nordic LEVEL Group AB (LEVEL)?
The return on equity (ROE) of Nordic LEVEL Group AB is −5.9% (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 Nordic LEVEL Group AB (LEVEL)?
On an EBIT basis the return on assets of Nordic LEVEL Group AB is −2.1% (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.
What is the operating margin of Nordic LEVEL Group AB (LEVEL)?
The operating margin of Nordic LEVEL Group AB is −15.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nordic LEVEL Group AB (LEVEL)?
Revenue at Nordic LEVEL Group AB is growing −30.4% versus a year earlier (3y avg +11.3%). 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 Nordic LEVEL Group AB (LEVEL)?
Earnings per share at Nordic LEVEL Group AB are growing −11.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nordic LEVEL Group AB (LEVEL) carry?
The net debt of Nordic LEVEL Group AB is 65.9M SEK (fiscal year 2025, ≈ 5.7 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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